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Reset Connect is the UK’s largest sustainability ecosystem and greeninvestment event which aims to help businesses understand how to strive to meet netzero targets and improve ESG results, as well as unearth any potential greeninvestment opportunities. Making companies ready for tomorrow.
Chief among its goals is to figure out how much money developed countries will invest in developing countries to, among other things, adopt clean energy solutions and remove carbon emissions from their part of the global chain — for themselves and for the rest of the world. and the urgency has been ratcheted up again. .;
H&M Group announced that it has signed a new virtual power purchase agreement (VPPA) with solar project developer and operator Lightsource bp, supporting the fashion and design brands company’s climate and clean energy goals, and enabling construction of new renewable energy infrastructure in Texas.
When I led Canada’s Social Investment Organization (SIO) in the early 2000s, one of our most important debates concerned the question of whether the organization should develop an industry-wide label for socially responsible investment, as sustainable investing was called back then.
To achieve net-zero emissions by 2050 , the Government of Canada has invested billions of dollars in practical efforts to lessen the effects of climate change and encourage clean economic growth. Together, a combined green and transition taxonomy can support a holistic approach to achieve a low-carbon transition.
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. What we have given the market is an ambition that our total financing by 2050 will be netzero.
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. CLIMATE COMMITMENTS 1.5C
In the report, MetLife also provides information on its commitment to achieve netzero greenhouse gas (GHG) emissions across the company’s global operations and general account investment portfolio by 2050 or sooner.[1] The netzero commitment applies to GHG emissions from MetLife, Inc.’s In 2022, MetLife, Inc.
Our new report, produced in collaboration with the Ottawa-based Smart Prosperity Institute and funded by the Trottier Family Foundation, finds that pension managers’ support for the green transition is growing but still nowhere near the pace required to meet global net-zero-carbon targets. 79000 0.14
Macquarie’s GreenInvestment Group (GIG) announced today a series of new appointments to its regional leadership team, including William Demas as Head of Americas, in New York, Edward Northam as Head of APAC, and Chris Archer and Sam Newman as co-Heads of GIG in EMEA.
We need to treat these developments as a call to action. EU climate taxonomy simplified The new rules also reduce the reporting burden under the EU taxonomy, the classification system that determines whether companies are making capital investments in line with a net-zero future. and Europe over the Ukraine war.
Despite progress on scaling up low carbon energy production and industrial technologies, significant barriers remain in the way of the global ambition to achieve netzero emissions by 2050 and to limit temperature rise 1.5°C,
The plan focuses on key areas including creating a simpler regulatory framework to facilitate netzero industries, upskilling the European workforce for the green transition, accelerating access to investment and financing, and enhancing global trade cooperation for cleantech and raw materials.
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? The CCA set two interim objectives.
Macquarie Asset Management, a top 50 global asset manager and the world’s largest manager of infrastructure, announced that it has provided €100 million of debt financing to Green Bidco SpA, the controlling company of renewable energy developer and operator Falck Renewables.
New research published by UK100, a group of mayors and local government leaders in late September appears to show that a “retrofit army” of nearly half a million builders, electricians and plumbers will be needed to meet the Government’s objective of becoming NetZero by 2050. 100 billion greeninvestment.
This turnabout has been most pronounced in the green bond market, where power utilities have, controversially, been adding nuclear energy as an option for green bonds. With this in mind, nuclear green bonds promise to help fund decades of net-zero energy for the public and years of clean financial returns for investors.
Macquarie Asset Management’s GreenInvestment Group (GIG) announced today an investment in US-based renewable energy development platform Galehead Development, aimed at helping the company advance 6 GW of renewable energy projects and commercialize its geospatial and land analytics platform.
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.
The UK’s netzero economy grew 9% in 2023 according to a new report commissioned by the Energy and Climate Intelligence Unit (ECIU), with analysis provided by CBI Economics and The Data City. 1 The total gross value added (GVA) by businesses involved in the netzero economy now stands at £74 billion.
Macquarie Asset Management’s GreenInvestment Group (GIG) announced a $250 million investment in sustainability-focused specialty finance company Galway Sustainable Capital. ” Galway focuses on modular, distributed, and localized projects with a typical individual investment of up to $50 million.
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.”
The utility-scale solar farm was developed through a partnership between Ørsted and the Tennessee Valley Authority. TVA aims to achieve net-zero emissions generation by 2050. Follow @EngelsAngle. The 227-megawatt Muscle Shoals solar farm has been completed in Alabama. Ørsted acquired the project from Longroad Energy last year.
Silke Jolowicz, Head of Sustainability at Munich Re, highlights the key role that insurance can play in identifying climate risks and opportunities, and then developing solutions for loss minimization. Definity recently committed to achieve net-zero emissions for their operations and investments by 2040 or sooner.
Ryan joins M&G from Irish Life Investment Management (ILIM) where she served as Head of Responsible Investment, building and leading a team of specialists to advance ESG integration and stewardship across asset classes.
Dan Labbad, CEO of The Crown Estate said: “Today is a pivotal moment on the UK’s journey towards netzero, strengthening the potential pipeline of future offshore wind projects and building vital resilience in domestic renewable energy supply.”. The post UK Greenlights 8 GW of Offshore Wind Projects appeared first on ESG Today.
In the race to netzero, Victoria Judd, Counsel at Pillsbury Winthrop Shaw Pittman, explains how the US is lapping the UK and EU in stimulating its green economy. Indeed, data provided by the International Energy Agency and the Organisation for Economic Co-operation and Development (OECD) indicate that up to US$6.9
The financial system is increasingly seen as crucial to averting such a scenario – not only to shift toward greeninvestments, like renewable energy, but also to reallocate capital from fossil fuel-related investments to be consistent with net-zero goals.
Now we can measure this green business exposure for the majority of companies and are able to count annual greeninvestments that run into the trillions, growing six times faster than the economy at large,” Heaps says. “We did the best job possible with limited qualitative corporate disclosure.” “Now CLIMATE COMMITMENTS 1.5˚C
VCM has helped fund and facilitate significant greeninvestment initiatives. Deforestation is highly profitable, especially in developing economies, and is difficult to stamp out without a significant capital injection. Carbon credits are a pivotal tool in facilitating transition to netzero.
FIs are in a position to help build and accelerate sustainable development. According to Capgemini , nearly a third of consumers are willing to pay an additional charge for green banking products and services or shift to a new provider for environmentally and socially friendly products. .
Offshore wind developer Ocean Winds has been working with schools, colleges and universities to train and recruit the skilled people needed to develop, construct and operate offshore wind farms across Scotland and was honoured with the Contribution to Skills Award. A performer at the event.
New report provides guidance to asset owners on closing netzeroinvestment gap. . Asset owners should track their contributions to climate change mitigation by calculating the greeninvestment ratio of portfolios and assets, according to a recent report by the Institutional Investors Group on Climate Change (IIGCC). .
Undermines Government ambitions to deliver Carbon NetZero and to ‘build back better’. Greeninvestments on processing sites will decarbonise the supply chain while boosting local economies, creating green jobs and new skills. Includes 20MW of previously-eligible renewable heat projects on farms and factory sites.
I am looking forward to industry uniting in-person in December to raise a glass to celebrate the successes of the past 12 months as we continue to work towards our net-zero ambition. Outstanding Service Award (sponsored by GreenInvestment Group). Sustainable Development Award (sponsored by Hitachi Energy).
Macquarie Asset Management’s GreenInvestment Group (GIG) announced today the acquisition of BayWa r.e. Bioenergy develops, constructs and operates biogas projects that provide biomethane and power to local energy companies, industrial companies and energy traders. AG’s specialist biogas platform, BayWa r.e.
On the same day, the EU Council and Parliament conjured up a smokescreen by agreeing to prioritise investment in a “ terribly long list ” of green technologies. The act gives the green light to netzero valleys , clusters of clean energy production sites, to be granted rapid approval.
This enables the industry to track green power content through its value chain and further understand its impact on the carbon-intensity of products. This is particularly crucial in gaining increased access to capital for decarbonisation investment in economically developing regions and for auditing outcomes.
Among the winners were: Forth Ports, which picked up the Outstanding Project Award for building Scotland’s only custom-built renewables hub – a £40 million development at the Port of Dundee. Outstanding Service Award, sponsored by GreenInvestment Group: ORE Catapult’s Launch Academy.
Nature-based solutions to the climate crisis are gaining the attention of impact investors, but companies still face hurdles when it comes to investing in nature-based projects. This has led to regulatory pressure and voluntary commitments to netzero. Interest in nature-based investments.
Pension scheme says country’s new framework will support its netzero strategy; asserts that divestment of fossil fuels amounts to “passing the buck ”. CEC is a finance-led initiative that drives dialogue between the financial community and businesses to promote a just transition to a netzero economy.
Negligible impact on SDGs – The need to close a massive financing gap to achieve the UN Sustainable Development Goals (SDGs) is well established. This week saw even more evidence of change, with the European Investment Bank backing a public-private fund designed to finance 70 solar energy projects across Africa, Asia and Latin America.
More details promised on sector-specific netzero roadmaps to stimulate investment in sustainable infrastructure. The UK government has acknowledged the need for greater policy clarity to enable the flow of investment into key sectors to deliver sustainable infrastructure and transition to netzero.
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