December 4, 2023 energyRe, an independent clean energy developer based in the U.S., has successfully raised a $1.2 billion capital package. This funding will support the expansion of its large-scale renewable energy portfolio, which includes utility-scale transmission and storage, onshore wind and solar generation, and offshore wind. The capital investments come from Glentra Capital, Novo Holdings,…

December 3, 2023 The Monetary Authority of Singapore (MAS) has launched the Singapore-Asia Taxonomy for Sustainable Finance. This new system aims to define green and transition economic activities that contribute to environmental and climate-related objectives, helping to identify and allocate capital to sustainable projects and initiatives. The taxonomy covers eight sectors, which account for 90% of…

November 13, 2023 The third session of the Intergovernmental Negotiating Committee (INC-3) to develop an international legally binding instrument on plastic pollution opened in Nairobi, Kenya. This session marks the midpoint towards a global treaty, following two previous rounds of negotiations and with two more planned for 2024. Kenyan President William Ruto emphasized the need for humanity…

November 15, 2023 The European Commission has reached a provisional agreement on a new EU Regulation to reduce methane emissions in the energy sector, both domestically and globally. This regulation, part of President Biden’s Investing in America agenda, aims to curb the release of methane, a potent greenhouse gas, into the atmosphere and minimize leaks from…

November 14, 2023 The U.S. Department of Energy (DOE) is investing over $444 million in 16 projects across 12 states as part of President Biden’s Investing in America agenda. These projects aim to combat climate change by enhancing the nation’s carbon management industry, focusing on expanding carbon dioxide (CO2) storage infrastructure. The goal is to significantly…

November 3, 2023 Switzerland’s Federal Department of Finance (FDF) is set to propose rules which will involve regulating the use of labels like ‘sustainable,’ ‘green,’ or ‘ESG’ on financial products. This decision follows the Swiss Federal Council’s call to prevent greenwashing, where products are falsely presented as sustainable. It suggests that to qualify for a sustainability label,…

October 23, 2023 Starting in 2026, public companies in Brazil will be required to provide annual sustainability and climate-related disclosures, according to an announcement from Brazil’s Securities and Exchange Commission (CVM) and Ministry of Finance. The new reporting requirements will be based on the sustainability and climate-related disclosure standards issued by the IFRS Foundation’s International Sustainability…

The Treasury department of the Australian Government has announced its proposed Sustainable Finance Strategy. The strategy aims to support the mobilization of private capital needed to finance the transition to a net zero economy, help firms access funding for their own transitions, and manage risks and opportunities presented by climate change and other sustainability issues. Key…

October 24, 2023 The Council of the European Union has adopted a regulation creating a new European Green Bond Standard (EuGB), marking a significant step towards fighting greenwashing and advancing the sustainable finance market in the EU. The new regulation sets out the requirements for issuers wishing to use the EuGB designation and includes voluntary disclosure…

October 24, 2023 New York Governor Kathy Hochul has announced a series of awards for 6.4 GW of renewable energy projects, marking the largest-ever U.S. state investment in renewable energy. The projects include three major offshore wind projects and 22 land-based projects. Once completed, these projects are expected to generate enough electricity to power over 2.5…

September 22, 2023 His Excellency Nana Akufo-Addo, President of the Republic of Ghana, launched the country's new Energy Transition and Investment Plan yesterday during a Global Africa Business Initiative event in New York. The plan marks Ghana's commitment to fighting climate change and fostering economic development in tandem. It details a credible pathway for how Ghana can…

UN Secretary-General António Guterres has called on investors who move much of the world’s money to set increasingly ambitious targets and adopt specific plans for achieving net-zero carbon emissions. “The private sector has a crucial role to play in building a more equitable and sustainable world. Our simple objective for 2021 is to make sure that…