(IN BRIEF) In their new working paper, AFRY, the University of Oxford, and Nasdaq set out a tenet-based framework for “neutralisation claims” under Article 6 of the Paris Agreement. Recognising that the carbon removal sector must grow exponentially by mid-century … Read the full press release
Posted in Business, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Management, Marketing, News, Sweden, Technology
Tagged AFRY, Article 6, carbon removal, COP29, cross-border transactions, Dr Injy Johnstone, Dr Mostyn Brown, emissions accounting, EU QU.ALITY, global waste service, NASDAQ, net zero, neutralisation claims, New York Climate Week, Paris Agreement, partnership, stakeholder engagement, sustainability, Tomas Thyblad, University of Oxford
(IN BRIEF) SAMS is supporting a new declaration by the Partnership for Observation of the Global Ocean (POGO) at the UN Ocean Conference in Nice, warning that current global ocean monitoring systems are insufficient to meet pressing environmental and climate … Read the full press release
Posted in Business, Education, Environment, Financial, Industrial, Investment, Management, Media, News, Science, Technology, United Kingdom
Tagged BBNJ Agreement, climate change, data-driven policy, deoxygenation, environmental observations, Kunming-Montreal Framework, marine biodiversity, marine pollution, marine protected areas, Nick Owens, No Data No Action, North Atlantic, ocean acidification, ocean monitoring, ocean science, Paris Agreement, POGO, SAMS, SDG 14, UN Ocean Conference, UNOC, World Ocean Day
(IN BRIEF) The European Investment Bank (EIB Global) and the National Bank of the Republic of North Macedonia (NBRNM) have completed a climate risk capacity-building initiative under the Greening Financial Systems Advisory Programme. The project has enhanced NBRNM’s ability to … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Luxembourg, Management, News, Technology
Tagged climate adaptation, Climate Risk, climate vulnerability, climate-related financial reporting, EIB Advisory team, energy efficiency, European Investment Bank, financial regulation, green investments, Greening Financial Systems, International Climate Initiative, Macedonia, National Bank of the Republic of North Macedonia, NBRNM, NDC Partnership, Paris Agreement, partnership, sustainability, sustainable transition
(IN BRIEF) The European Investment Bank (EIB) has provided €400 million in additional financing for the expansion of the Stockholm metro, supporting the development of 30 km of new tracks, 18 new stations, and the creation of 130,500 housing units. … Read the full press release
Posted in Banks, European Union, Financial, Industrial, Infrastructure & Utilities, Investment, Sweden
Tagged Ceequal certification, City of Stockholm, climate goals, EIB, EU funding, European Investment Bank, Housing Development, infrastructure, Paris Agreement, public transport, Region of Stockholm, renewable energy, SEK 12 billion, Stockholm metro expansion, sustainability, sustainable mobility, transport infrastructure
(IN BRIEF) Leeds Building Society has partnered with Experian to improve the accuracy of its financed emissions reporting for residential lending, aligning with the UK Government’s Net Zero goals. By replacing estimated EPC data, which overestimated emissions by over 36%, … Read the full press release
Posted in Business, Environment, Financial, Industrial, Investment, Management, News, Technology, United Kingdom
Tagged carbon footprint, emissions reporting, Energy Performance Certificates, Experian, financed emissions, Leeds Building Society, Meter Insights, net zero, Paris Agreement, partnership, residential lending, SBTi, Science-Based Targets initiative, Scope 3 emissions, sustainability, UK Government
(IN BRIEF) The Nordic Investment Bank (NIB) has received official validation for its emission reduction targets from the Science Based Targets initiative (SBTi), confirming its alignment with a 1.5°C pathway. These targets, announced at COP28 in 2023, are part of … Read the full press release
Posted in Banks, Energy, Gas & Oil, Environment, Finland, Investment, Management, News
Tagged André Küüsvek, carbon emissions, Climate Strategy, COP28, decarbonisation, Emission Reduction Targets, environmental advisory services, EU neutrality goals, financing, global warming, green solutions, greenhouse gas emissions, indirect emissions, lending strategy, low-carbon economy, Luca de Lorenzo, net-zero, NIB, Nordic Investment Bank, Paris Agreement, SBTi, Science Based Targets initiative, sustainability, sustainability-linked loans
(IN BRIEF) Ingka Group, the largest IKEA retailer, has launched its detailed Net Zero Transition Plan, setting clear actions to reduce greenhouse gas emissions by 50% by 2030 and achieve net-zero emissions by 2050. The plan outlines strategic initiatives for … Read the full press release
Posted in Apparel, Fashion & Beauty, Business, Environment, Financial, Industrial, Investment, Management, Netherlands, News, Retail, Technology
Tagged Circularity, climate change, Decarbonization Plan, greenhouse gas emissions, IKEA, Ingka Group, net zero transition, Paris Agreement, renewable energy, sustainability
(IN BRIEF) Alfa Laval will host an online Net Zero event on March 4th at 15:00 CET, bringing together experts to discuss the shift away from fossil carbon to a circular carbon economy. The event will explore how industries such … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Internet & Online, Investment, Management, Media, News, Sweden, Technology
Tagged 2050, Alfa Laval, Biomass, carbon neutrality, carbon sources, chemicals industry, Circular Carbon, circular economy, CO2 capture, collaboration, defossilization, Energy Division, fossil carbon, fuel industry, Industry Transformation, investment in transition, leadership, Net Zero Event, net-zero targets, Paris Agreement, partnerships, plastics industry, recycled materials, renewable energy, sustainability, Thomas Møller
(IN BRIEF) Hapag-Lloyd has secured USD 4 billion in financing for the construction of 24 container ships, with a focus on low-emission technology and green financing principles. This investment aligns with the company’s long-term commitment to decarbonizing its fleet and … Read the full press release
Posted in Business, Environment, Financial, Germany, Industrial, Investment, Management, News, Technology, Transportation & Logistics
Tagged ammonia ready, biomethane, CHINA, China Export & Credit Insurance Corporation, CO2e emissions, container ships, decarbonization goals, DNV, Emissions Reduction, financing, fleet expansion, fleet modernization, fuel efficient engines, green financing, Green Financing Framework, green loan principles, Hapag-Lloyd, high-efficiency ships, liquefied gas dual-fuel engines, LNG, Loan Market Association, long-term investment, low-emission ships, Mark Frese, net-zero operation, newbuilds, Paris Agreement, shipping industry, Sinosure, Sinosure transaction, sustainability, sustainable financing, sustainable shipping
(IN BRIEF) The HØST PtX Esbjerg project has been awarded up to EUR 13 million in DEVEX funding by the European Climate, Infrastructure and Environment Executive Agency (CINEA). This funding will support technical studies and front-end engineering design (FEED) work … Read the full press release
Posted in Business, Denmark, Economy, Energy, Gas & Oil, Environment, European Union, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged CEF, CINEA, CO2 infrastructure projects, Connecting Europe Facility, Danish-German hydrogen, David Dupont-Mouritzen, DEVEX funding, energy transition, EU decarbonization, European Climate, European Commission, FEED, FID, final investment decision, grant, hydrogen backbone, hydrogen economy, hydrogen infrastructure, HØST PtX Esbjerg, Infrastructure and Environment Executive Agency, Paris Agreement, partnership, PCI, Power-to-X, Project of Common Interest, sustainability, technical studies
(IN BRIEF) A new report from market intelligence firm IDTechEx, Electric Light Commercial Vehicles 2025-2045: Markets, Players, Forecasts, predicts significant growth for electric light commercial vehicles (eLCVs), forecasting sales to surpass 11 million units by 2045. The report highlights how … Read the full press release
Posted in Automotive, Energy, Gas & Oil, Environment, Government, Industrial, Marketing, Technology, Transportation & Logistics, United Kingdom
Tagged carbon emissions, city center bans, eLCV market, eLCVs, electric LCVs, Electric Light Commercial Vehicle, electric light commercial vehicles, electric vehicles, electrification of LCVs, electrification of light commercial vehicles, emissions restrictions, EU, Europe, EV transition, fossil fuel bans, government regulation, IDTechEx, IDTechEx report, IDTechEx website, independent research, LCV operators, LCVs, light-duty road freight, Market Growth, market intelligence, markets insights, OEMs, Paris Agreement, Paris Agreement Goals, Pranav Jaswani, sales trends, sustainability goals, sustainability targets, zero-emission logistics solutions
(IN BRIEF) The MAHLE Group has received confirmation from the Science Based Targets initiative (SBTi) that its climate targets align with the goals of the Paris Agreement and are scientifically sound. The automotive supplier has committed to reducing its Scope … Read the full press release
Posted in Automotive, Awards, Business, Environment, Germany, Industrial, Management, News
Tagged Awards, Georg Dietz, Kathrin Apel, MAHLE Group, Paris Agreement, science-based climate targets, sustainability
(IN BRIEF) The EBRD is investing $205 million in the construction of three greenfield solar power plants in Uzbekistan. The financial package will be provided to Abu Dhabi Future Energy Company (Masdar), with expected co-financing from the Asian Development Bank, … Read the full press release
Posted in Banks, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Investment
Tagged Abu Dhabi Future Energy Company, ADB, AIIB, Asian Development Bank, Asian Infrastructure Investment Bank, EBRD, EIB, European Investment Bank, FMO, loans, Masdar, Nur Jizzakh, Nur Samarkand, Nur Sherabad, Paris Agreement, renewable energy, solar power plants, Uzbekistan
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is providing a sovereign loan of up to $199.96 million to Uzbekistan to upgrade the irrigation system in the heavily populated Fergana Valley. The funds will be used to modernize … Read the full press release
(PRESS RELEASE) BÆRUM, 5-Jan-2023 — /EuropaWire/ — DNV, the independent energy expert and assurance provider, has announced the issuance of a Certificates of Conformity (CoC) for the Baltic Pipe project to Energinet, the Danish national transmission system operator for electricity … Read the full press release
Posted in Business, Denmark, Energy, Gas & Oil, European Union, Industrial, Infrastructure & Utilities, Management, Norway, Poland
Tagged 10 billion cubic meters, annual capacity, Baltic Pipe project, Certificates of Conformity (CoC), construction, Danish Continental Shelf Law, Danish national transmission system operator, Denmark, DNV, DNV certification regime, DNV-SE-0475, DNV-ST-F101, electricity, Energinet, engineering, EU, European market, European Union, Everdrup, gas pipeline, gas supply corridor, gas transport, independent modeling, independent verification, installation, Jonas Gahr Støre, Mateusz Morawiecki, Mette Frederiksen, natural gas, Norway, Nybro gas terminal, Paris Agreement, Poland, procurement, recommended practices, REPowerEU, Russian fossil fuels, strategic infrastructure project, submarine pipeline certification, technical assurance services, underlying DNV standards
(PRESS RELEASE) STOCKHOLM, 4-May-2022 — /EuropaWire/ — Vattenfall, a Swedish Government-owned multinational power company, has announced the company is undergoing a strategic review on how the company can best contribute to the energy transition and will investigate whether it should … Read the full press release
Posted in Business, Energy, Gas & Oil, Germany, Industrial, Infrastructure & Utilities, Investment, Management, Sweden
Tagged Anna Borg, Berlin Heat, CO2 emission reductions, decarbonization, energy transition, fossil free living, heat business, hot water, hydro power, Martijn Hagens, Paris Agreement, Ulrika Jardfelt, Vattenfall, warm heating
(PRESSEMITTEILUNG) STOCKHOLM, 4. Mai 2022 – /EuropaWire/ – Vattenfall, ein schwedisches staatliches multinationales Energieunternehmen, hat angekündigt, dass das Unternehmen einer strategischen Überprüfung unterzogen wird, wie das Unternehmen am besten zur Energiewende beitragen kann und wird prüfen, ob es sein Berliner … Read the full press release
Posted in Business, Energy, Gas & Oil, Germany, Industrial, Infrastructure & Utilities, Investment, Management, Sweden
Tagged Anna Borg, Berlin Heat, CO2 emission reductions, decarbonization, energy transition, fossil free living, heat business, hot water, hydro power, Martijn Hagens, Paris Agreement, Ulrika Jardfelt, Vattenfall, warm heating
(PRESS RELEASE) LONDON, 15-Feb-2022 — /EuropaWire/ — Airbus (EPA: AIR), a European multinational aerospace corporation, Rolls-Royce (LSE:RR., ADR:RYCEY), the pre-eminent engineering company with focus on world-class power and propulsion systems, Safran (EPA: SAF), a French multinational aircraft engine, rocket engine, … Read the full press release
Posted in Aviation & Aerospace, Energy, Gas & Oil, Environment, Industrial, News, Technology, United Kingdom
Tagged aerospace, Airbus, Aviation, aviation industry, decarbonisation, Eric Dalbiès, fuel value chains, Global SAF Declaration, Grazia Vittadini, Lee Wen Fen, Paris Agreement, Roland Berger, Rolls-Royce, Sabine Klauke, SAF, Safran, Singapore Airlines, Singapore Airshow, sustainable aviation fuel
(PRESS RELEASE) AARHUS, 19-Jan-2022 — /EuropaWire/ — Vestas Wind Systems A/S (CPH: VWS), a Danish global leader in sustainable energy solutions, has announced it has been named the world’s most sustainable company in the 18th annual ranking of the world’s … Read the full press release
Posted in Awards, Denmark, Energy, Gas & Oil, Environment, Industrial, Infrastructure & Utilities, Management, News, Technology
Tagged carbon emissions reduction, CDP, Corporate Knights, energy transition, Henrik Andersen, Kristian Holmelund Jakobsen, Lisa Ekstrand, most sustainable company, most sustainable corporations, Paris Agreement, ranking, reducing CO2 emissions, Science Based Targets, sustainability, sustainable energy solutions, Toby Heaps, Vestas, wind turbines
EBRD €20 million loan to Sofia Med Funds to boost the capacity expansion investment Sofia Med to develop and implement a low-carbon strategy (PRESS RELEASE) LONDON, 27-Dec-2021 — /EuropaWire/ — The European Bank for Reconstruction and Development (EBRD), a multilateral … Read the full press release
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