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Cryptocurrencies have been condemned over their environmental record at a time when traditional investments have been rapidly moving towards greener environmental, social and governance (ESG) values. So how long will it be until crypto earns its green credentials? This story originally appeared in The Conversation.
In this white paper, we’ll cover a variety of topics on the subject, including what makes the Inflation Reduction Act different from previous government incentives, what the industrial sector faces with decarbonization, dive into what role AI will play in managing renewable energy management, the impact of machine learning and AI in microgrid management, (..)
At the co-hosted “Chatting Climate & Consumer Goods” event held in New York City’s Garment District, speakers and attendees delivered deep supply chain decarbonization insights, building on presentations at the Cascale Annual Meeting and Worldly Customer Forum in Munich earlier this month. Browne said of optimized sourcing strategies. “We
administration may have a dampening effect on global climate action, clean energy investments will continue in other countries to support decarbonization and energy security. sustainable bond volumes in 2025, as reduced federal investment is offset by private sector investment, and certain state and local governments.
Mike Hayes, Climate Change and Decarbonization Leader and Global Head of Renewable Energy at KPMG International, said: “Governments, businesses, and society should continue to pursue action to address climate change.
times more equity in fossil fuel production companies ($880 billion) than in greeninvestments ($309 billion), while the percentage of those carrying out “truly ambitious and effective climate stewardship practices” has shrunk by 45% since 2021: just 18% received an A grade this year, versus 33% in 2021. trillion (all figures in U.S.
Building on previous commitments that increase greeninvestments or restrict financing to certain high-emitting activities, recent pledges add to growing evidence that banks are taking a more holistic approach to the climate emergency. Barclays’ accounting additionally covers the capital markets activity it supports.
Industrial players made an appearance, with chemical company Celanese and steelmaker Nucor both procuring clean energy capacity, reflecting early steps to decarbonize their industrial processes. In Oregon, Intel inked a deal with Portland General Electric (PGE) through that utility’s Green Future Impact program. .
Not only have global oil producers generally failed to invest substantially in renewable-energy technologies; now they’re reneging on their green commitments. When you look at the oil industry’s efforts to decarbonize, the results are lacklustre. Suncor invested 10.4% of its capital on green projects in 2022.
billion) in proceeds aimed at funding efforts to support the country’s transformation to a carbon neutral economy, with a particular focus on decarbonizing hard-to-abate industrial sectors. The government of Japan announced the completion of its first-ever Climate Transition Bond offering, raising JPY800 billion (USD$5.3
The European Union, China, the United Kingdom and about 20 other countries are developing such taxonomies as a way of discouraging greenwashing and channelling investment to the climate transition. The EU’s taxonomy has been particularly controversial because of its inclusion of natural gas and nuclear as “greeninvestments.”
Fashion and design brands company H&M Group announced the launch of a new green loan program aimed at facilitating decarbonization in the fashion sector in partnership with Singapore-based financial services group DBS.
According to La Banque Postale, the new impact debt fund, classified as Article 8 under the SFDR regulation, will provide long-term support for projects that make a substantial contribution to mitigating climate change or are committed to decarbonizing their operations. It will be deployed over a three-year period.
The report indicated significant increases by listed companies in both emissions disclosure and climate commitments, with 35% of listed companies now reporting on at least some Scope 3 emissions, up from around 30% only seven months ago, and 44% setting decarbonization targets, an increase of 8 percentage points over the same timeframe.
According to Macquarie, the investment in Atlas Agro is aligned with the asset manager’s next phase of energy transition thesis in the U.S., with green hydrogen being used as a feedstock rather than as an energy carrier. with green hydrogen being used as a feedstock rather than as an energy carrier.
Before joining KKR, Lagarrigue was a founding partner in growth equity firm General Atlantic’s decarbonization-focused fund, BeyondNetZero , and Arora served as head of Macquarie’s GreenInvestment Group for Asia-Pacific. Lagarrigue and Arora both joined KKR in 2022.
The report also highlighted key trends in the GSSS market, including the proliferation of green industrial policies and growing regulatory pressure on companies to decarbonize, particularly in hard-to-abate sectors, with transition finance contributing to an acceleration in greeninvestments and in sustainable bond issuance.
As COP29 nations gather to discuss climate finance targets, they should know instinctively: You can’t invest in what you can’t measure. And the race to decarbonize that supply chain is intensifying, as reports indicate the earth may already have warmed more than the target 1.5 and the urgency has been ratcheted up again.
On Earth Day 2022, we were asked to “ Invest in Our Planet ,” which is a nod to the critical developments that are supporting greeninvestment around the world. The IPCC’s most recent report called on the world’s leading economies to take charge on decarbonization. Most recently, the U.S.
The offering follows the publication last month by Comcast of its Green Financing Framework, outlining eligible use of proceeds for green bond offerings, as well as the guidelines for project evaluation and selection, management of proceeds, and reporting obligations.
Macquarie Asset Management announced today an initial investment of up to €175 million (USD$190 million) in sustainable aviation fuel (SAF) producer SkyNRG, aimed at supporting the company’s growth, and its ambition to become a major SAF producer through the development and operation of SAF production facilities.
In her speech introducing the plan today, von der Leyen highlighted how many countries are “stepping up their investment in the net-zero industry,” noting in particular the U.S.’ von der Leyen said: “Let me be very clear on this one: We welcome this, this is good news.
With sustainable investment, its the same story, Heaps says. That greeninvestment is key to a more sustainable future, telling us where companies are going as opposed to where they currently derive their revenues. Sustainable capital expenditure is growing twice as fast as all other capex.
Corporate Knights does not consider new nuclear power projects to be “green” in its Sustainable Economy Taxonomy. In its fall fiscal update, the federal government introduced an investment tax credit of up to 30% for clean energy technologies, including SMRs. And then there are SMRs.
Insurance has wide-ranging influence, and insurance companies can help decarbonize much more than their own operations. New insurance products and greeninvestments can also support advancements in cleantech, allowing insurers to have a far-reaching impact on climate. Helping clients adopt more sustainable practices.
Boeing Unveils Tool to Assess Aviation Decarbonization Pathways. Iberdrola Signs $550 Million Green Loan with EIB to Fund Wind & Solar Projects. OPG Issues $300M “Nuclear Green Bond”. Fifth Wall Raises $500 Million for Real Estate Decarbonization Venture Fund. Dow Scales Plastic Recycling and Circularity Capacity.
Many people are cautious about the intentions of companies that have committed to decarbonization and with some reason. But that is a very simplistic view of the activities and vast challenges facing businesses today that are trying to transition to green models, especially when technology and policy often need to catch up.
The authority’s plan also leaves the reputation of domestic financial players vulnerable if they blindly support investments in coal-fired power plants on the sole basis of the green label in the taxonomy. Their commitment to decarbonization becomes questionable, and their global relevance risks diminishing.
million over ESG investing claims; IAASB releases first sustainability reporting assurance standards; EU lawmakers delay supply chain deforestation law; Shell wins appeal against landmark climate ruling; CDP strengthens alignment of sustainability reporting platform with GRI, EU standards; IKEA invests $1.6
The UK government legislated a target to reach net zero emissions by 2050 in 2019, and in the following years announced a series of policies and investment pledges aimed at reaching its goal, including plans to accelerate the shift to low carbon transportation, build out clean energy capacity, and help decarbonize industry.
This week in ESG news: Biden admin invests $6 billion in industrial decarbonization projects; Microsoft signs one of largest-ever biochar carbon removal deals; Mississippi orders BlackRock to ‘cease and desist’ from ESG investing; Walmart invests in 1 GW of new clean energy projects; Vanguard found guilty of misleading greeninvesting claims in Australia; (..)
This money is flowing into private equity and greener investments in the region, particularly renewable energy. We’re seeing an increase in greeninvestments from financial institutions, project development companies, utilities, manufacturing, tech sectors, and more.
doesn’t suck greeninvestment out of Canada, including investment that will decarbonize buildings. . Herewith, a sampling of what 2023 may have to offer in the world of green buildings. . Green ‘proptech’. Perhaps 2023 will be the year when all the pieces begin to fit together. .
This article was first published in Forbes Today 100 CEOs announced a push for governments to boost the business case for greeninvestment, in the run-up to COP29 in Azerbaijan. C global warming target. The Climate Pledge has also encouraged successful public-private partnerships.
She was referring to the green transition, and the opportunities and challenges that lay before us as world leaders race to decarbonize their economies.
She was referring to the green transition, and the opportunities and challenges that lay before us as world leaders race to decarbonize their economies.
Investing in the segment has one of the biggest impacts on decarbonization when assessed in terms of the market value of avoided CO2e emissions per dollar invested in mitigation efforts.
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