The United States has officially exited the Paris Agreement, the landmark 194-nation (formerly 195) pact aimed committing countries to set national climate targets aimed at limiting global warming, with the U.S. notification of withdrawal formally taking effect on Wednesday. The milestone makes the U.S. the only country to have left the Paris Agreement, and marks the second time that President…
Guest post by: Rukmini Glanard, Chief Business Officer at GETEC Europe has made strong progress in financing renewables. Solar and wind have matured into predictable, bankable assets, supported by clear policy frameworks and standardised contracts that reduce uncertainty. Capital is now flowing into these technologies at record levels and even large-scale battery storage is quickly becoming an investable asset class as the technology…
Sustainability advisory firm ERM announced the appointment of former Accenture Senior Managing Director Bill Theofilou to the position of Executive Chair. Theofilou founded and headed Axia, a U.S.-based strategy consulting company, until its acquisition by Accenture in 2015. He then worked for eight years in the role of Senior Managing Director, leading Accenture’s global CEO advisory practice. Theofilou also serves…
Ford Motor Company announced today the appointment of Lisa Drake as President of its new energy products and solutions unit, Ford Energy, with responsibility for launching the company’s planned new battery energy storage systems (BESS) business. The appointment follows an announcement by Ford of plans to launch the new BESS business in December 2025, after reporting a $19.5 billion charge…
The UK’s Competition and Markets Authority (CMA) announced the release of new guidance aimed at helping businesses including retailers, brands and manufacturers to understand supply chain responsibility for making accurate green claims. The guidance indicates that businesses may be liable for misleading environmental claims, even if they are only passing along information provided farther up the value chain. The CMA said:…