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Aswathi Pacha

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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 returns

BNP Paribas Asset Management reports that ESG clients increasingly investing in money market funds because they are attracted to the stable returns offered by cash-like instruments.

Sundaram Alternates Assets plans to raise $135 million for green real estate projects in India

Sundaram Alternates Assets (SAA), the private equity division of the Sundaram Finance Group, said that it aims to secure approximately $135 million (₹1,000 crore) from international investors. The funds will be allocated to support green real estate projects across India.

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 aviation circularity by reclaiming high-quality carbon fibre materials from end-of-life aircraft. 

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 Hybrid Direct Air Capture technology. The capital will fuel Avnos’ expansion efforts across North America and Europe and establish a cutting-edge research and development facility near New York City. 

SOHAR Port & Freezone join hands for battery recycling plant

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

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 fuel (SAF) starting in 2026, with a target of a 1% uplift in 2026 and potential plans to increase it to 3%-5% by 2 030. 

EY joins hands with Microsoft to launch climate stress testing solution

EY Canada announced that it has collaborated with Microsoft Azure and launched an EY Climate Stress Testing and Scenario Analysis solution to assist Canada’s financial sector in managing the impacts of climate change. 

Asian asset owners focus on ESG investment strategies: Report

Asian asset owners increasingly prioritise environmental, social, and corporate governance (ESG) factors in their investment strategies, noted a recent survey conducted by Asianinvestor.

Indian government releases guidelines for use of hydrogen in the transport sector 

The Indian government has issued scheme guidelines to support pilot projects utilizing green hydrogen as fuel in the transport sectors. The Ministry of New & […]

World Bank allocates $300 million for renewables & clean cooking projects in Africa

The World Bank has allocated nearly $300 million to the Eastern and Southern African Trade and Development Bank (TDB) to boost distributed renewable energy and clean cooking projects.

ALTÉRRA aims to drive global climate transition, says Ambassador Al Suwaidi

ALTÉRRA, a new $30B catalytic climate investment fund launched at COP28, aims to become the "fund of choice" for the climate transition, HE Ambassador Majid Al Suwaidi, COP28 Director-General and ALTÉRRA CEO said at the World Governments Summit.

Aircastle invests in United Airlines Ventures’ Sustainable Flight Fund 

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

Political parties should prioritize long-term thinking on climate transition: Stafford Capital Partners CEO

It is important for political parties to adopt long-term thinking and stable policies to finance the transition to a net-zero economy, said Angus Whiteley, CEO of Stafford Capital Partners, to Funds Europe.

Stora Enso partners with IUCN to develop framework for net positive impact on biodiversity

Stora Enso announced that it has partnered with the International Union for Conservation of Nature (IUCN) on a framework to verify net positive impact on biodiversity. The framework, employing science, technology, and data, will focus on developing a framework to measure and disclose net positive biodiversity impact. The complete framework is expected to be launched during autumn 2025.

Verde joins hands with WayCarbon to advance carbon removal project

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

India’s investment in upstream sector vital for energy security & transition: Mannish Mahesshwari

It is important for India to continue investing in the upstream sector to bolster oil and gas production, Mannish Mahesshwari, CEO of Invenire Energy, told S&P Global Commodity Insights.

Barclays releases revised climate change statement & transition finance framework

Barclays has released a revised Climate Change Statement as part of its ongoing climate strategy. It also introduced a Transition Finance Framework to help meet the $ 1 trillion Sustainable and Transition Finance target by 2030. The framework aims to facilitate the necessary transition finance to decarbonize high-emitting sectors.

Urgent need for $8 trillion investment in renewables by 2030: Report 

A new report by Climate Analytics has pointed out an investment totaling $8 trillion in new renewables and $4 trillion in grid and storage infrastructure is needed to achieve the goal of tripling renewable energy capacity by 2030, as agreed upon at COP28. 

US enterprise investments in ESG initiatives set to surge: ISG Report

A recent report by Information Services Group (ISG) has predicted a significant expansion in US enterprise investments in sustainability and other Environmental, Social, and Governance […]

CEOs prioritize sustainability even if short-term profits decrease: PwC report

CEOs are ready to make expenditures that address environmental, social and governance (ESG) issues even if doing so reduces short-term profitability, according to the PwC’s […]

Mainland China’s stock exchanges release guidelines for sustainability reporting

Mainland China’s major stock markets, the Shanghai Stock Exchange (SSE), Shenzhen Stock Exchange (SZSE), and Beijing Stock Exchange (BSE), have released their guidelines for listed […]

US Department of Energy to invests $100 million in CO2 removal industry

The US Department of Energy’s Office of Fossil Energy and Carbon Management announced a $100 million investment to help develop a commercially viable carbon dioxide removal industry in the United States. 

Clean energy investment in most developing economies yet to take off: IEA report

Clean energy investment in many emerging and developing economies (EMDE) remains low due to reduced capital flows to clean energy projects, notes a new report from the International Energy Agency (IEA). These investments are in technologies such as solar photovoltaic, wind, low-emissions power and fuels, electrification of mobility and heat, grids and storage. 

UK & Egypt sign sustainable cities and infrastructure pact

His Majesty’s Ambassador to the Arab Republic of Egypt, Gareth Bayley and Deputy Chairman of The New Urban Communities Authority Eng. Amin Ghoneim signed a […]

New analysis raises concerns over Woodside Energy’s net-zero commitment

An in-depth analysis by the Australian Conservation Foundation has found that Woodside Energy Group, Australia’s largest oil and gas producer, does not have a robust net-zero commitment and is not on track to do its part to reduce emissions.

India aims for 65% non-fossil energy by 2030, exceeding COP26 commitments

About 65% of India’s energy requirements will come from non-fossil sources by 2030, said India’s Union Minister of Power and New & Renewable Energy. The number currently stands at 44%.

JSW signs agreement with Odisha for electric vehicle facilities

JSW Group has signed an agreement with the Odisha government to set up electric vehicle (EV) facilities in the state, with an investment of ₹40,000 crore.

ADIB commits to fostering sustainability through ‘VOLT’ electric vehicle finance program

Abu Dhabi Islamic Bank (ADIB) announced that its financing program for electric cars, ‘VOLT’, has witnessed excellent customer demand. Over 2% of total car financing is allocated to green vehicles, aligning to advance sustainability and support UAE’s net-zero economy goals.

Indian Biogas Association proposes over $4000 million investment for compressed biogas plants

The Indian Biogas Association has proposed an investment of ₹30,000 crore for procuring machinery and equipment needed to supply biomass to compressed biogas plants. This will help ensure a reduction of 12 MMTA of LNG import.

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

The year 2023 was “the worst calendar year on record” for US sustainable funds, according to a new report by Morningstar. Investors pulled $5 billion […]

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 sectors and third-country companies by two years. The agreement postpones the adoption of new standards to June 30, 2026.

Air Liquide to invest over $40 million to increase efficiency & reduce CO₂ emissions

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

US Forged Rings Inc. announces $700M investment in US offshore wind industry

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-art tower fabrication facility and a steel forging plant. These two facilities will service the growing domestic offshore wind market with goals of deploying 30 GW by 2030 and 110 GW by 2050. 

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

Blended finance, a combination of private and public capital, can offer a viable pathway to accelerate the transition to a low-carbon economy in developing countries, notes a new report from the Institute for Energy Economics and Financial Analysis (IEEFA) and auctusESG. It emphasizes that blended finance can play a significant role in bridging the gap between commercial imperatives and environmental objectives.

University of California unlocks new method for sustainable biofuel production

With the global energy sector moving towards net zero emissions by 2050, biofuels and other renewable, clean energy sources have taken center stage. Now, researchers from the University of California, Riverside, have discovered a new method to make the most of wood and plant materials, turning them into sustainable liquid fuels and other products.

Mitsubishi Electric releases environmental plan 2025 to drive sustainability

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

Emirates NBD partners with Sidara for $50 million sustainability-linked loan

Emirates NBD (banking group in the MENAT region) has partnered with Sidara (specialist architecture, engineering, and consulting brands collaborative) to arrange a $50 million Sustainability Linked Loan. 

Carbon credits face critical test, projected to hit $238/Ton by 2050: BloombergNEF Report

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

India Energy Week 2024: OPEC Secretary General says global energy demand to soar 23% by 2045

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 meet global energy demands, OPEC’s Secretary General Haitham al-Ghais said. Speaking at the India Energy Week in Goa, he added that the oil demand will also continue to rise. 

India Energy Week 2024: PM Modi propels $67 billion investment opportunity in natural gas

Indian Prime Minister Narendra Modi, inaugurating the second edition of India Energy Week 2024 in Goa on February 6, said India offers opportunities for $67 billion investment as the country moves from 6% to 15% of natural gas share in the energy mix.

Schroders Greencoat unveils UK’s first renewable energy LTAF

Schroders Greencoat has announced the launch of Schroders Greencoat Global Renewables+ Long-Term Asset Fund (LTAF), the UK’s first LTAF exclusively dedicated to renewable energy and energy transition infrastructure.

Recurrent Energy secures $160 million financing, secures Microsoft as customer for solar project

Recurrent Energy, a subsidiary of Canadian Solar Inc., announced on February 6 that it had secured $160 million in project financing for its Bayou Galion Solar project. The 127 MWdc project in Morehouse Parish in Northeast Louisiana is expected to be operational by fall 2024.

ONGC joins hands with TotalEnergies to detect and measure methane emissions

During India Energy Week 2024 (February 6-9 in Goa), ONGC signed a cooperation agreement with TotalEnergies for methane emissions detection and measurement campaigns. TotalEnergies’ AUSEA […]

UK renters urge sustainable property upgrades: NatWest and S&P Global report

A new report from NatWest and S&P Global indicates that 75% of UK renters anticipating higher rental costs want landlords to enhance property sustainability. Natwest’s Greener Homes Attitudes tracker collects homebuyers’ preferences on environmental features and energy-saving enhancements.

GEF Council approves $916 million for urgent environmental action

On February 5, the Global Environment Facility allocated $916 million for international action on biodiversity, climate change, nature renewal, and pollution control and to advance five integrated programs designed to tackle complex challenges in their entirety.

Investment stress test: Insurance regulators warn of billions in losses if ​​delay in climate action 

A recent analysis titled “The hidden cost of delaying climate action for West Coast insurance markets” has highlighted potential billion-dollar losses for insurance companies if they continue investing in activities that fuel climate change. The findings were part of the first-ever "stress test" of insurance company investments.  

Disconnect between climate risks and investment strategies: Report

A recent survey conducted by Market Forces has shed light on a significant disconnect between institutional investors’ awareness of climate risks and their investment strategies. The research comprised an online survey of 150 institutional investors from over 100 US, UK, Singapore, Japan, Australia, Hong Kong, and Belgium companies.

Max Planck Institute develops method to make green steel from toxic red mud

Researchers at the Max Planck Institute for Iron Research have developed a method to make green steel out of waste produced during aluminum manufacturing. The […]

Asian Development Bank raises $150 million for green projects in India

The Asian Development Bank (ADB) has raised ₹12.5 billion (about $150 million) from the green bond issue to date. ADB’s bond will support projects in […]

Gasum to build a new biogas plant in Borlänge to boost renewable energy supply 

Energy company Gasum announced its decision to invest in a new biogas plant in Borlänge, Sweden. The project has been granted a subsidy of 15 million euros from the Swedish Environmental Protection Agency’s Klimatklivet investment program. The construction is expected to commence in the spring of 2024. 

India unveils scheme guidelines for green hydrogen in shipping sector

The Government of India has released “Scheme guidelines for implementation of pilot projects for use of Green Hydrogen in the shipping sector.” The guidelines were issued by the Ministry of New & Renewable Energy (MNRE) under the National Green Hydrogen Mission. This mission was launched last year with an outlay of over $264 million (₹19,744 crores) up to Financial Year 2029-30.

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 Linus Goh said during a media briefing.

Growing interest in sustainable investing among individual investors: Morgan Stanley report

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

Carbon Capture and Storage market set to surge to $18.1 billion by 2033

The Carbon Capture and Storage (CCS) Market is poised for significant growth, projected to reach a substantial value of $18.1 billion by 2033, according to a report from Market.US.

How do we address climate finance challenges in APAC?: IMF study answers

To meet carbon emission reduction targets, Asia requires at least $1.1 trillion annually for climate-related initiatives, noted a new report published by the International Monetary Fund (IMF). However, existing investments fall short by $800 billion. 

ARMSWISSBANK joins the Partnership for Carbon Accounting Financials

Recognizing the importance of sustainable financing and transparent reporting, ARMSWISSBANK has officially joined the Partnership for Carbon Accounting Financials (PCAF). The bank said that it will be dedicated to fostering environmentally conscious investments. 

Methane hydrate extraction market: Study provides forecast for 2025

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

Power plant boiler market poised for expansion through 2031: Study

A report published by Allied Market Research has noted that the global power plant boiler market valued at $19.0 billion in 2021, is expected to reach $31.1 billion by 2031. 

Tata Steel unveils transformation plan towards green steel production

Tata Steel has revealed its plan to transition from traditional blast furnaces to environmentally friendly steel production methods. Tata Steel aims to reverse over a decade of losses by transitioning to green steel production, aligning with global sustainability goals.

Geothermal heat pumps can help advance US clean energy goals: Study

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

KACST and ACWA join hands to establish a clean energy and water desalination technologies development center

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

Barclays banned from Texas municipal bond market over net zero emissions concerns

Texas Attorney General Ken Paxton announced last week that Barclays is barred from underwriting Texas’s municipal bonds due to its failure to respond to requests for information on its net zero carbon emissions commitments. The decision came after Barclays declined to respond to inquiries on its environmental, social, and governance (ESG) policies.

APAC firms embrace ESG metrics in executive incentive plans: WTW Study

A recent study by WTW revealed a significant rise in adopting Environmental, Social, and Governance (ESG) metrics within executive incentive plans across Asia Pacific (APAC) markets. They noted that energy and real estate companies saw the highest increase in the use of ESG measures.

HSBC unveils net zero transition plan: Pioneering steps towards sustainable banking

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

Grow Indigo raises over $8 million in recent funding round for sustainable agriculture

Grow Indigo (regenerative agriculture startup) announced that it has raised over $8 million in the recent funding round. With this, the cumulative capital raised so far is over $23 million. 

World Bank approves $300 million Resilient Recovery Development Policy Financing for Ghana

The World Bank has approved a $300 million Resilient Recovery Development Policy Financing for Ghana. The contribution by the International Development Association (IDA) will help Ghana’s economic recovery and also support its resilient and inclusive growth.

SIX launches new climate data offering for informed climate-related decision-making

SIX (global financial information provider) announced the launch of a new climate data offering to support the reporting, monitoring, and decision-making of climate factors, climate-related […]

ESG1 & Rain Cage Carbon collaborate for digital transformation of emissions removal 

ESG1 (sustainability division of oil & gas blockchain company GuildOne) and Rain Cage Carbon (company dedicated to decarbonizing industries) announced a new partnership to create an automated digital bridge between emissions removals and international carbon markets.

Monetary Authority of Singapore launches Singapore Sustainable Finance Association to drive low-carbon transition

The Monetary Authority of Singapore (MAS) on January 24 launched the Singapore Sustainable Finance Association (SSFA) to support the country’s shift to a low-carbon economy. The SSFA’s first-year work plan focuses on carbon markets, transition finance, blended finance, natural capital and biodiversity, and taxonomy. 

Sustainable aviation fuel will take center stage in global aviation decarbonization: Report

A new report titled "Sustainable aviation fuel is the way forward for aviation industry," published by Research And Markets, provides an overview of the decarbonization challenges in the global commercial aviation sector. The report details the potential role of sustainable aviation fuels (SAFs) in reducing emissions. 

Sparkion joins hands with Voltus to enhance US grid reliability & EV energy management

Sparkion (AI-driven energy management company) announced a partnership with Voltus, Inc. (distributed energy resource platform) to support grid reliability in the US and enhance energy management for electric vehicles.

Asian Development Bank & British International Investment launch partnership for green trade 

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

Recurrent Energy secures $500 million investment commitment from BlackRock

Recurrent Energy, a subsidiary of Canadian Solar Inc., announced that it has secured a $500 million preferred equity investment commitment from BlackRock, convertible into common equity.

Nigerian Conservation Foundation’s Green Recovery Nigeria initiative targets extensive reforestation

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

UK pension funds & insurers prioritize net-zero goals in investments: AlphaReal survey

A survey of UK pension funds and insurers, who manage £359.82 billion in assets, found that 72% identified measurable targets and benefits, such as achieving net-zero carbon emissions by 2050, as the top ESG drivers for investing in renewable energy.

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 equity. 

Suzano celebrates 100th anniversary with $100 million investment in nature conservation

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

Global business leaders accelerate sustainability investments: Capgemini report

Over half of the global business leaders plan to increase investments in sustainability this year, notes a report from Capgemini (French multinational IT services and consulting company). Sustainability investments are expected to rise at 52% of organizations in 2024. Last year, the number was at 33%. 

Global CO2 removal market: Report identifies key developments & market trends

According to a new report published by Research and Markets, the global carbon dioxide removal (CDR) market experienced significant growth from 2022 to 2023. 

Mashreq and Fils collaborate on corporate carbon offset services

Mashreq (financial institution in the Middle East and North Africa region) has signed a Memorandum of Understanding (MoU) with the Fils (UAE-based fintech firm) to create a corporate carbon footprint mitigation service. This will allow businesses to integrate carbon offsetting from their Mashreq corporate accounts seamlessly.

US allocates $104 million for energy conservation & clean energy projects at 31 federal facilities

The US Department of Energy (DOE) announced that it has set aside $104 million in funds for energy conservation and clean energy projects at 31 Federal facilities. The 31 projects aim to double the new carbon-free electricity capacity at the facilities, adding 27 megawatts of clean energy. DOE hopes these initiatives will also attract over $361 million in private investment.

Carbonaires secures strategic investment from KTM to boost carbon & biodiversity projects

Carbonaires (London-based carbon asset management company) has announced it has received an investment from KTM Chemicals S.A. (KTM) (distributor and trader of plastics and chemical raw materials). 

AIIB invests $58.4 million in India’s Sustainable Energy Infra Trust 

The Asian Infrastructure Investment Bank (AIIB) has invested around $58.4 million (₹4.86 billion) in India’s Infrastructure Investment Trust, Sustainable Energy Infra Trust (SEIT). AIIB plans to aid the development of InvITs as a key infrastructure asset class in India. 

Inherit joins Sumitomo Corporation to advance carbon capture initiatives

Inherit Carbon Solutions (Norwegian Carbon Capture and Storage company) announced an oversubscribed investment round with Sumitomo Corporation. The collaboration will help Inherit advance its goal of creating a net-negative world. 

ACP announces first close of SEACEF II: A boost for clean energy investments

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

Plenitude collaborates with BlueFloat Energy & Sener Renewable Investments for offshore wind projects 

Plenitude has joined hands with BlueFloat Energy and Sener Renewable Investments to develop offshore wind projects in Spain. They plan to establish a portfolio of […]

UNDP & Warba Bank to launch free online course on ESG standards

The United Nations Development Programme’s (UNDP) Istanbul International Center for Private Sector in Development (ICPSD), UNDP Kuwait, and Warba Bank announced the launch of a new online course titled “Environmental, Social, and Governance (ESG) Standards and Practices for Islamic Financial Institutions”. The free online course is set to start in the last quarter of 2024.

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 multinational banking and financial services corporation) legally liable for contributing to climate change. 

TexPlast partners with FasterCapital to expand plastic recycling industry

TexPlast, an Estonian recycling startup, has announced its collaboration with FasterCapital to expand its efforts in converting waste plastic into premium polymer composite materials. While addressing waste management, TexPlast also fosters a circular economy and reduces reliance on virgin raw materials.

Derwent Investments strengthens its commitment to ESG investing initiatives

Derwent Investments (Singapore-based wealth management company) announced that it has strengthened its commitment to Environmental, Social, and Corporate Governance (ESG) goals.

IIT Bombay and Mindspace REIT collaborate for climate risk assessment

Mindspace Business Parks REIT has collaborated with the Indian Institute of Technology Bombay for a research project on climate risk assessment. The pilot project currently involves setting up weather stations at Mindspace Airoli West. 

Germany unlikely to achieve 2030 coal phase-out: Cornwall Insight

According to a new paper published by Cornwall Insight, Germany is unlikely to achieve its  committed to phasing out electricity generation from both nuclear and coal by 2030. The paper titled “Is Germany going green? Charting Germany’s energy transition” notes that the country needs to make comprehensive changes across the energy sector to achieve its energy transition goals on time. 

Tees Valley secures £7 million for hydrogen-powered transport projects

Tees Valley has secured £7 million in government funding for hydrogen projects to decarbonize deliveries and construct a new hydrogen refueling station for heavy goods vehicles.

Jupiter Exchange launches Jupiter Environmental Commodities to drive global net-zero objectives

Jupiter Exchange (financial services and technology company) has launched a new business segment dubbed Jupiter Environmental Commodities. Jupiter plans to expand its industry partnerships globally and drive the investment community towards global net-zero objectives.

Manulife IM releases inaugural nature disclosure aligned with TNFD recommendations

Manulife Investment Management has published its inaugural timberland and agriculture nature disclosure, aligned with the recommendations of the Taskforce on Nature-related Financial Disclosures (TNFD). 

$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 to develop the Bell Bay hydrogen hub in Northern Tasmania, and the Pilbara Hydrogen Hub in Western Australia received a $77 million grant.

Nestlé Vietnam invests an additional $100 million in sustainable coffee production 

Nestlé Vietnam announced an additional investment of $100 million to increase the sustainable coffee production capacity of the Nestlé Tri An factory. This brings the total investment capital at this factory to more than $500 million. Nestlé has invested about $830 million through Nestlé Vietnam Co., Ltd’s four factories and two distribution centers. 

Trafigura to buy carbon removal credits from 1PointFive

PointFive (carbon capture, utilization, and sequestration (CCUS) company) and Trafigura (commodity trading company) announced that Trafigura will purchase carbon dioxide removal (CDR) credits produced from […]

DefiQuant announces new eco-friendly initiative in cryptocurrency mining

DefiQuant announced the introduction of a new initiative to integrate a sustainable approach to cloud mining. This initiative will align with environmental goals and also […]

MYTILINEOS unveils 588 MW solar portfolio in Chile, set to generate 1.6 TWh of green electricity annually

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

Green Star partners with Locus AG for CarbonNOW: A regenerative carbon farming program

Green Star Royalties Ltd. has partnered with Locus Agricultural Solutions LLC to enhance the operations and investment in Locus AG's regenerative agriculture carbon farming program, CarbonNOW. Green Star will partner with Locus AG for a 30% gross revenue royalty on CarbonNOW, maintaining its initial $20.6 million funding commitment. 

WEF launches alliance to triple clean energy investment in the global south

The World Economic Forum launched a new alliance at WEF 2024 providing a platform for developing economies to highlight their clean energy needs, exchange best practices, and also promote their energy transitions. 

Terra Natural Capital rebrands as environmental commodities investment company

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

General Atlantic acquires Actis forming a $96 billion global investment platform

General Atlantic (a global growth equity investor) and Actis (a global investor in sustainable infrastructure) announce that the firms have entered into an agreement under which General Atlantic will acquire Actis, forming a diversified global investment platform with approximately $96 billion in combined assets under management (AUM).

Unlocking Japan’s Forests: Study finds route to carbon neutrality and wealth growth

A study on Japan's forests has predicted that afforestation and proper forest management can increase CO2 removal and contribute to the national and regional natural capital. The findings suggest that annual CO2 removal by forests could offset 15.3% of emissions and boost natural capital by 6.8% in Japan.

Mahindra Group & Ontario Teachers’ join hands to boost renewable energy in India

Mahindra Group (farm equipment, utility vehicles, information technology, and financial services businesses in India), and Ontario Teachers’ Pension Plan Board (a global institutional investor), have co-sponsored an Infrastructure Investment Trust (InvIT) in the renewable energy space. 

Extinction Rebellion to protest against Barclays’ fossil fuel investments 

Extinction Rebellion (an international movement persuading governments to act on the climate emergency) will continue its campaign against Barclays’ fossil fuel investments. 

Renewable energy technologies in 2028: Here is International Energy Agency’s forecast

The International Energy Agency released a new report titled “Renewables 2023”, a primary analysis of the renewable sector based on policy trends and current developments in the market. IEA forecasts that by 2028, renewable energy technologies will be deployed in the electricity, transport, and heat sectors.

Oil and Gas decarbonization: Here at the top 10 growth opportunities in 2024

The year 2024 has seen decarbonization as a prevailing buzzword, reflecting the emphasis by counties and industries on reducing carbon emissions and switching to sustainable practices to address the challenges of climate change.

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 shareholder resolution requests Shell to align its medium-term emissions reduction targets with the Paris Climate Agreement. 

Sustainable Aviation Fuel market revenue to hit $15 billion by 2035: Research Nester

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

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 (ETF) from BlackRock and Fidelity.

India announces $223 million investment in power & renewable energy sector

An investment totaling approximately $223.05 million (₹17.05 lakh crore) is currently in the pipeline for the power and renewable energy sector, said R. K. Singh, India's Minister of New and Renewable Energy.

RMB joins hands with KOKO to advance clean energy solutions in Africa

Rand Merchant Bank (an investment banking business) announced last week a strategic partnership with KOKO (a company that operates within the energy, climate, media, and retail sectors). RMB acted as the lead mandated arranger and financier for a new carbon financing solution, that will help further widen KOKO’s climate objectives.

Davos 2024: Indian states to pitch innovations, anticipate inking numerous MoUs 

The Annual Meeting of the World Economic Forum commenced on 15 January in Davos, Switzerland. The theme for this year 2024 is “Rebuilding Trust”, with over 200 sessions that will be live-streamed for access to the wider public. 

New ‘farming toolkit’: A comprehensive guide for UK farmers in nature markets launched

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-growing nature markets. The guide will also help them decode the carbon and/or biodiversity credits system.

BNP Paribas Asset Management releases new global sustainability strategy

BNP Paribas Asset Management released the new version of its Global Sustainability Strategy (GSS) updating the strategic approaches of the organization. The report lays out the progress made since 2019 and the plans for the next two years.

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