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Aswathi Pacha

117 Articles

Aswathi Pacha writes on the environment, mainly focusing on nature-positive initiatives and ESG principles. She has previously worked as a science journalist, with The Hindu and The Indian Express. She was also a project scientist at the Indian National Centre for Ocean Information Services before joining Sustainability Economics News.

ESG investors flock to BNP money market funds for stable ret...

BNP Paribas Asset Management reports that ESG clients increasingly investing in money market funds because they are attracted to the stab...

266 days ago

2 min read

Sundaram Alternates Assets plans to raise $135 million for g...

Sundaram Alternates Assets (SAA), the private equity division of the Sundaram Finance Group, said that it aims to secure approximately $1...

276 days ago

2 min read

Nandina REM and A*STAR collaborate on reclaimed carbon fibre

In collaboration with Singapore’s Agency for Science, Technology and Research (A*STAR), Nandina REM has introduced an innovation in avi...

276 days ago

2 min read

Avnos secures $36 million funding for CO2 removal technology

Los Angeles-based Avnos announced the closure of a $36 million Series A funding round for carbon dioxide removal with its innovative Hybr...

276 days ago

2 min read

SOHAR Port & Freezone join hands for battery recycling p...

SOHAR Port and Freezone announced the signing of a land lease agreement with Starsun Sohar (FZC) to establish a recycling plant dedicated...

276 days ago

2 min read

Singapore mandates SAF usage for flights departing from 2026

Singapore's Civil Aviation Authority announced that flights departing from Singapore will be mandated to utilize sustainable aviation fue...

276 days ago

2 min read

EY joins hands with Microsoft to launch climate stress testi...

EY Canada announced that it has collaborated with Microsoft Azure and launched an EY Climate Stress Testing and Scenario Analysis solutio...

279 days ago

1 min read

Asian asset owners focus on ESG investment strategies: Repor...

Asian asset owners increasingly prioritise environmental, social, and corporate governance (ESG) factors in their investment strategies, ...

279 days ago

2 min read

Indian government releases guidelines for use of hydrogen in...

The Indian government has issued scheme guidelines to support pilot projects utilizing green hydrogen as fuel in the transport sectors. T...

280 days ago

2 min read

World Bank allocates $300 million for renewables & clean...

The World Bank has allocated nearly $300 million to the Eastern and Southern African Trade and Development Bank (TDB) to boost distribute...

280 days ago

2 min read

ALTÉRRA aims to drive global climate transition, says Ambas...

ALTÉRRA, a new $30B catalytic climate investment fund launched at COP28, aims to become the "fund of choice" for the climate transition,...

280 days ago

3 min read

Aircastle invests in United Airlines Ventures’ Sustainable...

Aircastle Limited announced that it has invested in the United Airlines Ventures’ Sustainable Flight Fund. 

280 days ago

3 min read

Political parties should prioritize long-term thinking on cl...

It is important for political parties to adopt long-term thinking and stable policies to finance the transition to a net-zero economy, sa...

280 days ago

1 min read

Stora Enso partners with IUCN to develop framework for net p...

Stora Enso announced that it has partnered with the International Union for Conservation of Nature (IUCN) on a framework to verify net po...

281 days ago

2 min read

Verde joins hands with WayCarbon to advance carbon removal p...

Verde AgriTech Ltd has partnered with WayCarbon to boost the development and monetization of its carbon removal project.

281 days ago

2 min read

India’s investment in upstream sector vital for energy...

It is important for India to continue investing in the upstream sector to bolster oil and gas production, Mannish Mahesshwari, CEO of Inv...

281 days ago

2 min read

Barclays releases revised climate change statement & tra...

Barclays has released a revised Climate Change Statement as part of its ongoing climate strategy. It also introduced a Transition Finance...

281 days ago

2 min read

Urgent need for $8 trillion investment in renewables by 2030...

A new report by Climate Analytics has pointed out an investment totaling $8 trillion in new renewables and $4 trillion in grid and storag...

281 days ago

2 min read

US enterprise investments in ESG initiatives set to surge: I...

A recent report by Information Services Group (ISG) has predicted a significant expansion in US enterprise investments in sustainability ...

282 days ago

2 min read

CEOs prioritize sustainability even if short-term profits de...

CEOs are ready to make expenditures that address environmental, social and governance (ESG) issues even if doing so reduces short-term pr...

282 days ago

2 min read

Mainland China’s stock exchanges release guidelines for su...

Mainland China’s major stock markets, the Shanghai Stock Exchange (SSE), Shenzhen Stock Exchange (SZSE), and Beijing Stock Exchange (BS...

282 days ago

2 min read

US Department of Energy to invests $100 million in CO2 remov...

The US Department of Energy’s Office of Fossil Energy and Carbon Management announced a $100 million investment to help develop a comme...

282 days ago

2 min read

Clean energy investment in most developing economies yet to ...

Clean energy investment in many emerging and developing economies (EMDE) remains low due to reduced capital flows to clean energy project...

282 days ago

2 min read

UK & Egypt sign sustainable cities and infrastructure p...

His Majesty’s Ambassador to the Arab Republic of Egypt, Gareth Bayley and Deputy Chairman of The New Urban Communities Authority Eng. A...

283 days ago

2 min read

New analysis raises concerns over Woodside Energy’s net-ze...

An in-depth analysis by the Australian Conservation Foundation has found that Woodside Energy Group, Australia’s largest oil and gas pr...

283 days ago

2 min read

India aims for 65% non-fossil energy by 2030, exceeding COP2...

About 65% of India’s energy requirements will come from non-fossil sources by 2030, said India’s Union Minister of Power and New & Re...

283 days ago

2 min read

JSW signs agreement with Odisha for electric vehicle facilit...

JSW Group has signed an agreement with the Odisha government to set up electric vehicle (EV) facilities in the state, with an investment ...

283 days ago

2 min read

ADIB commits to fostering sustainability through ‘VOLT’ ...

Abu Dhabi Islamic Bank (ADIB) announced that its financing program for electric cars, ‘VOLT’, has witnessed excellent customer demand...

283 days ago

1 min read

Indian Biogas Association proposes over $4000 million invest...

The Indian Biogas Association has proposed an investment of ₹30,000 crore for procuring machinery and equipment needed to supply biomas...

283 days ago

2 min read

2023 was a tough year for US sustainable funds: Morningstar ...

The year 2023 was “the worst calendar year on record” for US sustainable funds, according to a new report by Morningstar. Investors p...

286 days ago

2 min read

EU extends deadline for sustainability reporting to 2026

The Council of the European Union and the European Parliament have agreed to postpone sustainability reporting requirements for specific ...

286 days ago

2 min read

Air Liquide to invest over $40 million to increase efficienc...

Air Liquide and Dow renewed their industrial gas supply agreement in Stade, one of Germany’s largest chemical production sites. 

286 days ago

2 min read

US Forged Rings Inc. announces $700M investment in US offsho...

US Forged Rings Inc. (USFR) announced a $700M investment in the US offshore wind industry. It will be used to construct a state-of-the-ar...

286 days ago

2 min read

Blended finance is the viable path to a low-carbon economy: ...

Blended finance, a combination of private and public capital, can offer a viable pathway to accelerate the transition to a low-carbon eco...

286 days ago

2 min read

University of California unlocks new method for sustainable ...

With the global energy sector moving towards net zero emissions by 2050, biofuels and other renewable, clean energy sources have taken ce...

286 days ago

3 min read

Mitsubishi Electric releases environmental plan 2025 to driv...

Mitsubishi Electric Corporation has revealed its Environmental Plan 2025 (April 2024 to March 2026), which aims to address environmental ...

287 days ago

1 min read

Emirates NBD partners with Sidara for $50 million sustainabi...

Emirates NBD (banking group in the MENAT region) has partnered with Sidara (specialist architecture, engineering, and consulting brands c...

287 days ago

2 min read

Carbon credits face critical test, projected to hit $238/Ton...

2024 will be a year of challenges and opportunities for the carbon offset market, notes the BloombergNEF’s (BNEF’s) Long-Term Carbon ...

287 days ago

2 min read

India Energy Week 2024: OPEC Secretary General says global e...

The global energy demand will rise between now and 2045 by 23% and require about $14 trillion in investments over the next 20 years to me...

287 days ago

1 min read

India Energy Week 2024: PM Modi propels $67 billion investme...

Indian Prime Minister Narendra Modi, inaugurating the second edition of India Energy Week 2024 in Goa on February 6, said India offers op...

287 days ago

2 min read

Schroders Greencoat unveils UK’s first renewable energy LT...

Schroders Greencoat has announced the launch of Schroders Greencoat Global Renewables+ Long-Term Asset Fund (LTAF), the UK’s first LTAF...

287 days ago

2 min read

Recurrent Energy secures $160 million financing, secures Mic...

Recurrent Energy, a subsidiary of Canadian Solar Inc., announced on February 6 that it had secured $160 million in project financing for ...

288 days ago

2 min read

ONGC joins hands with TotalEnergies to detect and measure me...

During India Energy Week 2024 (February 6-9 in Goa), ONGC signed a cooperation agreement with TotalEnergies for methane emissions detecti...

288 days ago

2 min read

UK renters urge sustainable property upgrades: NatWest and S...

A new report from NatWest and S&P Global indicates that 75% of UK renters anticipating higher rental costs want landlords to enhance prop...

288 days ago

2 min read

GEF Council approves $916 million for urgent environmental a...

On February 5, the Global Environment Facility allocated $916 million for international action on biodiversity, climate change, nature re...

288 days ago

2 min read

Investment stress test: Insurance regulators warn of billion...

A recent analysis titled “The hidden cost of delaying climate action for West Coast insurance markets” has highlighted potential bill...

288 days ago

3 min read

Disconnect between climate risks and investment strategies: ...

A recent survey conducted by Market Forces has shed light on a significant disconnect between institutional investors’ awareness of cli...

288 days ago

2 min read

Max Planck Institute develops method to make green steel fro...

Researchers at the Max Planck Institute for Iron Research have developed a method to make green steel out of waste produced during alumin...

289 days ago

2 min read

Asian Development Bank raises $150 million for green project...

The Asian Development Bank (ADB) has raised ₹12.5 billion (about $150 million) from the green bond issue to date. ADB’s bond will sup...

289 days ago

2 min read

Gasum to build a new biogas plant in Borlänge to boost rene...

Energy company Gasum announced its decision to invest in a new biogas plant in Borlänge, Sweden. The project has been granted a subsidy ...

289 days ago

2 min read

India unveils scheme guidelines for green hydrogen in shippi...

The Government of India has released “Scheme guidelines for implementation of pilot projects for use of Green Hydrogen in the shipping ...

289 days ago

2 min read

OCBC doubled SME sustainable financing in 2023

Singapore's Oversea-Chinese Banking Corp (OCBC) has more than doubled its sustainable financing, OCBC head of global commercial banking L...

289 days ago

1 min read

Growing interest in sustainable investing among individual i...

A new report titled “Sustainable Signals,” published by Morgan Stanley, has highlighted a surge in global individual investor interes...

289 days ago

2 min read

Carbon Capture and Storage market set to surge to $18.1 bill...

The Carbon Capture and Storage (CCS) Market is poised for significant growth, projected to reach a substantial value of $18.1 billion by ...

296 days ago

2 min read

How do we address climate finance challenges in APAC?: IMF s...

To meet carbon emission reduction targets, Asia requires at least $1.1 trillion annually for climate-related initiatives, noted a new rep...

296 days ago

2 min read

ARMSWISSBANK joins the Partnership for Carbon Accounting Fin...

Recognizing the importance of sustainable financing and transparent reporting, ARMSWISSBANK has officially joined the Partnership for Car...

296 days ago

1 min read

Methane hydrate extraction market: Study provides forecast f...

The methane hydrate extraction market is projected to reach 66,901.8 thousand cubic meters by 2025, notes a study by Allied Market Resear...

296 days ago

2 min read

Power plant boiler market poised for expansion through 2031:...

A report published by Allied Market Research has noted that the global power plant boiler market valued at $19.0 billion in 2021, is expe...

296 days ago

2 min read

Tata Steel unveils transformation plan towards green steel p...

Tata Steel has revealed its plan to transition from traditional blast furnaces to environmentally friendly steel production methods. Tata...

296 days ago

2 min read

Geothermal heat pumps can help advance US clean energy goals...

A comprehensive study prepared by Oak Ridge National Laboratory has unveiled the transformative potential of geothermal heat pumps (GHPs)...

296 days ago

2 min read

KACST and ACWA join hands to establish a clean energy and wa...

King Abdulaziz City for Science and Technology (KACST) and ACWA Power inked an agreement to establish a joint "Clean Energy and Water Des...

297 days ago

2 min read

Barclays banned from Texas municipal bond market over net ze...

Texas Attorney General Ken Paxton announced last week that Barclays is barred from underwriting Texas’s municipal bonds due to its fail...

297 days ago

2 min read

APAC firms embrace ESG metrics in executive incentive plans:...

A recent study by WTW revealed a significant rise in adopting Environmental, Social, and Governance (ESG) metrics within executive incent...

297 days ago

2 min read

HSBC unveils net zero transition plan: Pioneering steps towa...

In a move towards environmental responsibility, HSBC, one of the world’s largest international banks, has unveiled its Net Zero Transit...

297 days ago

2 min read

Grow Indigo raises over $8 million in recent funding round f...

Grow Indigo (regenerative agriculture startup) announced that it has raised over $8 million in the recent funding round. With this, the c...

297 days ago

1 min read

World Bank approves $300 million Resilient Recovery Developm...

The World Bank has approved a $300 million Resilient Recovery Development Policy Financing for Ghana. The contribution by the Internation...

297 days ago

2 min read

SIX launches new climate data offering for informed climate-...

SIX (global financial information provider) announced the launch of a new climate data offering to support the reporting, monitoring, and...

301 days ago

2 min read

ESG1 & Rain Cage Carbon collaborate for digital transfor...

ESG1 (sustainability division of oil & gas blockchain company GuildOne) and Rain Cage Carbon (company dedicated to decarbonizing industri...

301 days ago

2 min read

Monetary Authority of Singapore launches Singapore Sustainab...

The Monetary Authority of Singapore (MAS) on January 24 launched the Singapore Sustainable Finance Association (SSFA) to support the coun...

301 days ago

2 min read

Sustainable aviation fuel will take center stage in global a...

A new report titled "Sustainable aviation fuel is the way forward for aviation industry," published by Research And Markets, provides an ...

301 days ago

2 min read

Sparkion joins hands with Voltus to enhance US grid reliabil...

Sparkion (AI-driven energy management company) announced a partnership with Voltus, Inc. (distributed energy resource platform) to suppor...

301 days ago

2 min read

Asian Development Bank & British International Investmen...

The Asian Development Bank (ADB) and British International Investment (BII) announced the launching of a new trade finance partnership to...

302 days ago

2 min read

Recurrent Energy secures $500 million investment commitment ...

Recurrent Energy, a subsidiary of Canadian Solar Inc., announced that it has secured a $500 million preferred equity investment commitmen...

302 days ago

2 min read

Nigerian Conservation Foundation’s Green Recovery Nigeria ...

The Nigerian Conservation Foundation (NCF) announced that through its Green Recovery Nigeria Program, it will aim to reforest about 25% o...

302 days ago

2 min read

UK pension funds & insurers prioritize net-zero goals in...

A survey of UK pension funds and insurers, who manage £359.82 billion in assets, found that 72% identified measurable targets and benefi...

302 days ago

2 min read

H2 Green Steel secures €4.2 billion in project financing 

H2 Green Steel announced that it has secured €4.2 billion in project financing, adding to the previously announced €300 million in eq...

302 days ago

2 min read

Suzano celebrates 100th anniversary with $100 million invest...

Suzano (Brazilian paper and pulp-producing company) marked its 100th year on January 23 by announcing an investment of $100 million to ad...

302 days ago

2 min read

Global business leaders accelerate sustainability investment...

Over half of the global business leaders plan to increase investments in sustainability this year, notes a report from Capgemini (French ...

302 days ago

2 min read

Global CO2 removal market: Report identifies key development...

According to a new report published by Research and Markets, the global carbon dioxide removal (CDR) market experienced significant growt...

303 days ago

2 min read

Mashreq and Fils collaborate on corporate carbon offset serv...

Mashreq (financial institution in the Middle East and North Africa region) has signed a Memorandum of Understanding (MoU) with the Fils (...

303 days ago

2 min read

US allocates $104 million for energy conservation & clea...

The US Department of Energy (DOE) announced that it has set aside $104 million in funds for energy conservation and clean energy projects...

303 days ago

3 min read

Carbonaires secures strategic investment from KTM to boost c...

Carbonaires (London-based carbon asset management company) has announced it has received an investment from KTM Chemicals S.A. (KTM) (dis...

303 days ago

2 min read

AIIB invests $58.4 million in India’s Sustainable Energy I...

The Asian Infrastructure Investment Bank (AIIB) has invested around $58.4 million (₹4.86 billion) in India’s Infrastructure Investmen...

303 days ago

2 min read

Inherit joins Sumitomo Corporation to advance carbon capture...

Inherit Carbon Solutions (Norwegian Carbon Capture and Storage company) announced an oversubscribed investment round with Sumitomo Corpor...

303 days ago

2 min read

ACP announces first close of SEACEF II: A boost for clean en...

Allied Climate Partners (philanthropic investment organization) announced the first close of Southeast Asia Clean Energy Fund II (SEACEF ...

303 days ago

2 min read

Plenitude collaborates with BlueFloat Energy & Sener Ren...

Plenitude has joined hands with BlueFloat Energy and Sener Renewable Investments to develop offshore wind projects in Spain. They plan to...

304 days ago

2 min read

UNDP & Warba Bank to launch free online course on ESG st...

The United Nations Development Programme’s (UNDP) Istanbul International Center for Private Sector in Development (ICPSD), UNDP Kuwait,...

304 days ago

2 min read

Friends of the Earth initiates climate lawsuit against ING 

Friends of the Earth Netherlands (climate organization) announced that it is starting a climate lawsuit that will hold ING (Dutch multina...

304 days ago

4 min read

TexPlast partners with FasterCapital to expand plastic recyc...

TexPlast, an Estonian recycling startup, has announced its collaboration with FasterCapital to expand its efforts in converting waste pla...

304 days ago

1 min read

Derwent Investments strengthens its commitment to ESG invest...

Derwent Investments (Singapore-based wealth management company) announced that it has strengthened its commitment to Environmental, Socia...

304 days ago

1 min read

IIT Bombay and Mindspace REIT collaborate for climate risk a...

Mindspace Business Parks REIT has collaborated with the Indian Institute of Technology Bombay for a research project on climate risk asse...

304 days ago

2 min read

Germany unlikely to achieve 2030 coal phase-out: Cornwall In...

According to a new paper published by Cornwall Insight, Germany is unlikely to achieve its  committed to phasing out electricity generat...

307 days ago

2 min read

Tees Valley secures £7 million for hydrogen-powered transpo...

Tees Valley has secured £7 million in government funding for hydrogen projects to decarbonize deliveries and construct a new hydrogen re...

307 days ago

2 min read

Jupiter Exchange launches Jupiter Environmental Commodities ...

Jupiter Exchange (financial services and technology company) has launched a new business segment dubbed Jupiter Environmental Commodities...

307 days ago

2 min read

Manulife IM releases inaugural nature disclosure aligned wit...

Manulife Investment Management has published its inaugural timberland and agriculture nature disclosure, aligned with the recommendations...

307 days ago

2 min read

$147 million funding secured for Australian hydrogen hubs

Two hydrogen hubs in Australia have secured a total of $147 million in funding. The Government signed an agreement to invest $70 million ...

307 days ago

2 min read

Nestlé Vietnam invests an additional $100 million in sustai...

Nestlé Vietnam announced an additional investment of $100 million to increase the sustainable coffee production capacity of the Nestlé ...

307 days ago

2 min read

Trafigura to buy carbon removal credits from 1PointFive

PointFive (carbon capture, utilization, and sequestration (CCUS) company) and Trafigura (commodity trading company) announced that Trafig...

308 days ago

2 min read

DefiQuant announces new eco-friendly initiative in cryptocur...

DefiQuant announced the introduction of a new initiative to integrate a sustainable approach to cloud mining. This initiative will align ...

308 days ago

2 min read

MYTILINEOS unveils 588 MW solar portfolio in Chile, set to g...

MYTILINEOS Energy & Metals announced the development of a 588 MW solar portfolio in Chile, which is expected to produce approximately 1.6...

308 days ago

1 min read

Green Star partners with Locus AG for CarbonNOW: A regenerat...

Green Star Royalties Ltd. has partnered with Locus Agricultural Solutions LLC to enhance the operations and investment in Locus AG's rege...

308 days ago

3 min read

WEF launches alliance to triple clean energy investment in t...

The World Economic Forum launched a new alliance at WEF 2024 providing a platform for developing economies to highlight their clean energ...

308 days ago

2 min read

Terra Natural Capital rebrands as environmental commodities ...

Terra Natural Capital (“Terra” or the “Company”) announced its launch as a dedicated environmental commodities investment company...

308 days ago

2 min read

General Atlantic acquires Actis forming a $96 billion global...

General Atlantic (a global growth equity investor) and Actis (a global investor in sustainable infrastructure) announce that the firms ha...

309 days ago

2 min read

Unlocking Japan’s Forests: Study finds route to carbon...

A study on Japan's forests has predicted that afforestation and proper forest management can increase CO2 removal and contribute to the n...

309 days ago

3 min read

Mahindra Group & Ontario Teachers’ join hands to boost...

Mahindra Group (farm equipment, utility vehicles, information technology, and financial services businesses in India), and Ontario Teache...

309 days ago

2 min read

Extinction Rebellion to protest against Barclays’ fossil f...

Extinction Rebellion (an international movement persuading governments to act on the climate emergency) will continue its campaign agains...

309 days ago

2 min read

Renewable energy technologies in 2028: Here is International...

The International Energy Agency released a new report titled “Renewables 2023”, a primary analysis of the renewable sector based on p...

309 days ago

5 min read

Oil and Gas decarbonization: Here at the top 10 growth oppor...

The year 2024 has seen decarbonization as a prevailing buzzword, reflecting the emphasis by counties and industries on reducing carbon em...

309 days ago

2 min read

27 major investors co-file climate resolution at Shell 

Twenty-seven major investors, who own around 5% of Shell’s stock have escalated pressure on Shell to take climate action. The sharehold...

310 days ago

3 min read

Sustainable Aviation Fuel market revenue to hit $15 billion ...

The global sustainable aviation fuel (SAF) market size will see a compound annual growth rate of over ~42% from 2023 to 2035, according t...

310 days ago

2 min read

Greenpeace voices environmental concerns on Bitcoin ETFs

Greenpeace USA has raised concern about the US Securities and Exchange Commission's (SEC) approval of Bitcoin spot exchange-traded funds ...

310 days ago

2 min read

India announces $223 million investment in power & renew...

An investment totaling approximately $223.05 million (₹17.05 lakh crore) is currently in the pipeline for the power and renewable energ...

310 days ago

2 min read

RMB joins hands with KOKO to advance clean energy solutions ...

Rand Merchant Bank (an investment banking business) announced last week a strategic partnership with KOKO (a company that operates within...

310 days ago

2 min read

Davos 2024: Indian states to pitch innovations, anticipate i...

The Annual Meeting of the World Economic Forum commenced on 15 January in Davos, Switzerland. The theme for this year 2024 is “Rebuildi...

310 days ago

2 min read

New ‘farming toolkit’: A comprehensive guide for UK ...

The Green Finance Institute (GFI) on January 11 has launched a new digital platform to help farmers understand and be a part of the fast-...

314 days ago

2 min read

BNP Paribas Asset Management releases new global sustainabil...

BNP Paribas Asset Management released the new version of its Global Sustainability Strategy (GSS) updating the strategic approaches of th...

314 days ago

2 min read