30-Apr-2024
UK government publishes aviation fuel plan
The UK government published an update on its sustainable aviation fuel (SAF) plan, which targets 10% SAF use by 2030. The mandate will operate as a trading scheme, and a buy-out mechanism will be included where suppliers are unable to meet mandate's target.
30-Apr-2024
Macquarie unveils EV fleet platform with USD 1.5 billion target
Macquarie Asset Management launched a fleet electrification platform in India called Vertelo. Its plan is to mobilise USD 1.5 billion for the Indian e-mobility sector over 10 years and achieve a lifetime reduction of about 9.5 MtCO2e.
30-Apr-2024
US EPA finalises fossil fuel power plants pollution standards
The US Environmental Protection Agency announced a suite of final rules to reduce pollution from fossil fuel-fired power plants in an attempt to improve public health without disrupting the delivery of reliable electricity.
30-Apr-2024
MEPs approve Net-Zero Industry Act
The European Parliament approved the text of the Net-Zero Industry Act, which sets a target for the bloc to produce 40% of the net-zero technologies that it needs annually by 2030 and to capture 15% of the global market. The Act now must receive final approval from the Council before being published in the Official Journal of the EU.
30-Apr-2024
Forum for Insurance Transition to Net Zero debuts
The UN Environment Programme launched the Forum for Insurance Transition to Net Zero (FIT), to take over from the defection-hit Net-Zero Insurance Alliance, working with insurance market participants, regulators, supervisors, and many other key stakeholders.
30-Apr-2024
Knight Frank secures SBTi approval for 2040 net-zero
UK-based property group Knight Frank’s goals of halving its value chain emissions by 2030 and reaching net zero by 2040 received the approval of the Science Based Targets initiative.
30-Apr-2024
Carbon Streaming provides update on Rimba Raya
Project financier Carbon Streaming provided an update on the Rimba Raya project, whose concession holder reportedly had its licence revoked by the Indonesian authorities for an alleged infringement of local rules.
30-Apr-2024
Isometric removal registry launches
Carbon dioxide removal (CDR) registry Isometric issued its first credits from a project owned by developer Vaulted Deep to buyer consortium Frontier.
30-Apr-2024
EU MEPs consent to withdrawal from the Energy Charter Treaty
The European Parliament adopted recommendations from its Industry, Research, Energy, and International Trade committees to leave the controversial 1994 Energy Charter Treaty.
30-Apr-2024
Pakistan to consult provinces on carbon credits policy
Prime Minister Shehbaz Sharif ordered the formation of a committee for consultation with the provinces of Pakistan for policy-making on guiding principles for carbon credits.
30-Apr-2024
SBTi validates Marriott’s emission reduction targets
Hospitality giant Marriott verified its near and long-term science-based emissions reduction targets with the SBTi. The company has committed to reduce absolute Scopes 1 and 2 GHG emissions by 46% by 2030.
30-Apr-2024
Barclays accused of greenwashing over ENI financing
Barclays is being accused by environmental groups of greenwashing after helping to arrange USD 4.3 billion in financing for Italian oil major Eni in a way that allows the bank to progress towards its USD 1 trillion sustainable financing goal.
30-Apr-2024
Fugro's net-zero targets validated by SBTi
Dutch engineering group Fugro’s net-zero emission reduction targets have been approved by the Science Based Targets initiative (SBTi), along with its near-term targets and a commitment to ensure that 60% of its suppliers set science-based targets by 2028.
30-Apr-2024
RVCMC selects Xpansiv to launch Saudi carbon credit exchange
RVCMC selects Xpansiv to launch Saudi carbon credit exchange
30-Apr-2024
Engie to divest from SAFIEC coal plant
French energy firm Engie plans to sell its 33% stake in Morocco's largest coal plant in order to focus on renewables and energy infrastructure.
30-Apr-2024
Decarbonization Partners fund closes at USD 1.4 billion
BlackRock- and Temasek-backed Decarbonization Partners announced a final close of USD 1.4 billion for its inaugural late-stage venture capital and private equity investment fund focused on decarbonisation.
23-Apr-2024
Unilever to scale back environmental and social pledges
Unilever, one of the largest users of plastic packaging in the world, had previously promised to halve its use of virgin plastics by 2025. Instead, it will now aim for a reduction of a third by 2026, Bloomberg reported.
23-Apr-2024
Drax commits to set SBTi-aligned net-zero target
Australia’s Queensland approves 75% emissions cut. This is in addition to its existing SBTi-verified commitment to reduce its emissions by 42% by 2030 across Scopes 1, 2 and 3 versus a 2020 baseline.
23-Apr-2024
KLP, LGIM to vote against Woodside’s climate plans
Norway’s largest pension fund, KLP, and Britain’s biggest asset manager, LGIM, are the latest investors to say they will vote against Australian oil and gas company Woodside’s climate report at its annual general meeting, citing concerns over its carbon transition plans.
23-Apr-2024
Chevron launches USD 500 million cleantech fund
The venture arm of oil and gas giant Chevron has launched its third Future Energy Fund with a commitment of USD 500 million to invest in low-carbon technologies for power, industry and transport.