By: Shachar Hatan, Climate Impact Partners With the EU’s Carbon Border Adjustment Mechanism (CBAM) entering implementation on 1 January, we have entered a new era in how global trade accounts for carbon. For decades, European companies could offshore emissions while keeping profits onshore. Now, the EU is signalling that those days are ending- and the rest of the world is…
UAE-backed climate investment platform ALTÉRRA announced today plans to create a new $1.2 billion climate co-investment fund, launching with Spanish bank BBVA as a proposed strategic LP, targeting climate-aligned infrastructure, private equity and private credit investments globally. As part of the new partnership, BBVA announced a commitment of $250 million to the new ALTÉRRA Opportunity Fund. ALTÉRRA was established in December…
EU markets regulator the European Securities and Markets Authority (ESMA) announced the release of a new thematic note aimed at guiding market participants on its expectations for addressing greenwashing risks in marketing of sustainable investment strategies, with a particular focus on ESG integration and ESG exclusion funds. The new publication forms part of a series of thematic notes launched by…
Sweden-based climate and nature solutions provider Milkywire announced that it has completed $5 million of carbon removal pre-purchase agreements for CRM solutions provider Salesforce with 19 suppliers spanning multiple technologies, aimed at supporting early-stage carbon removal pathways with high long-term potential. According to Salesforce, the new commitments form part of its pledge as a founding member of the First Movers…
Europe’s three primary financial regulatory agencies, the European Supervisory Authorities (ESAs) announced the publication of their finalized Guidelines on environmental, social, and governance (ESG) stress testing, aimed at enabling national regulators to integrate ESG risks into their supervisory stress tests for banks and insurance companies. The ESAs include The European Securities and Markets Authority (ESMA), The European Banking Authority (EBA),…
Microsoft and carbon markets platform Rubicon Carbon announced today a new agreement for the delivery of two million Afforestation, Reforestation, and Revegetation (ARR) carbon removal credits to Microsoft over the next 9 years, sourced from a smallholder farm-focused forestry project in Uganda. The new announcement marks the first deal to be completed under a framework agreement launched in 2025 by…
Venture capital firm Superorganism announced that it has raised $25.9 million in commitments at the close its debut flagship fund, aimed at investing in startups driving technology-driven solutions for biodiversity. Founded to address the growing intersection between venture capital and nature, Superorganism invests in early-stage companies developing technologies to protect and restore biodiversity. The company said that the new fund…
Sustainability software provider osapiens announced today that it has raised $100 million in a new Series C fundraising round, led by BlackRock and Temasek’s decarbonization-focused fund, Decarbonization Partners, at a “unicorn” valuation of greater than $1 billion. Founded in 2018, Mannheim, Germany-based osapiens provides cloud-based software solutions aimed at enabling organizations to automate complex compliance tasks, streamline operations, and monitor…
The UK’s Department for Energy Security and Net Zero (DESNZ) announced today the results of its 7th annual offshore wind “Contracts for Difference” (CfD) auction round, securing record 8.4 GW in contracts, making it the largest-ever single procurement of offshore wind energy in the UK and Europe. According to the DESNZ, the renewable energy capacity generated by the auction’s projects…