September 20, 2023 The U.S. Environmental Protection Agency (EPA) launched $4.6 billion in competitive grants to fund state, local, and Tribal programs and policies that cut climate pollution, advance environmental justice, and deploy clean energy solutions across the country. As part of President Biden’s Investing in America agenda, a key pillar of Bidenomics, EPA’s Climate Pollution…

September 14, 2023 S&P Global Ratings has updated its analytical approach for use of proceeds Second Party Opinions (SPOs) to provide more transparency to investors in the sustainable bond market. The updated approach combines important features of the methodologies of S&P Global Ratings and Shades of Green, a science-based assessment of sustainable finance projects.…

September 10, 2023 As a gathering of G20 leaders in India concludes on Sunday, the Prime Minister has announced the UK’s biggest single financial contribution to helping the world’s most vulnerable people adapt to and mitigate the impact of climate change. The UK will contribute £1.62 billion ($2 billion) to the Green Climate Fund (GCF), which was…

1 week ago In the relentless battle against climate change, innovative approaches to reduce carbon dioxide emissions have become paramount. While efforts to reduce emissions from industries and transportation continue, scientists and environmentalists are increasingly turning their attention to carbon capture and removal technologies. Among these emerging solutions, Singapore has taken a pioneering step by expanding…

September 1, 2023 The Biden administration on Thursday announced a financing package of more than $15 billion aimed at supporting the transition to electric vehicles, including $10 billion in loans and $2 billion in grants to help automotive manufacturers convert factories to produce EVs. Key criteria for applicants to the new program include the retention of jobs,…

August 23, 2023 Three projects being developed by Green Hydrogen Company (GHECO), a joint venture formed earlier this year by Schroders Greencoat and Carlton Power, have been progressed to bilateral negotiations in the first hydrogen allocation round (HAR1) of the UK Government’s Net Zero Hydrogen Fund. The projects, each originated by Carlton Power, represent part of GHECO’s…

August 22, 2023 TotalEnergies has signed an agreement with CapeOmega Carbon Storage AS, a wholly owned subsidiary of CapeOmega AS, to acquire the 40% participating interest held by CapeOmega in the CO2 storage exploration license ExL004 (the “Luna” project). Located 120 km offshore Bergen in 200 m water depth, ExL004 covers an area of 453 km2. It…

August 17, 2023 The Implementing Regulation details the transitional reporting obligations for EU importers of CBAM goods, as well as the transitional methodology for calculating embedded emissions released during the production process of CBAM goods. In the CBAM’s transitional phase, traders will only have to report on the emissions embedded in their imports subject to the mechanism…

July 31, 2023 The U.S. Department of Energy (DOE) announced up to $453.5 million from the Puerto Rico Energy Resilience Fund (PR-ERF) aimed at increasing residential rooftop solar PV and battery storage installations across the region, with a focus to reach and support Puerto Rico’s most vulnerable residents. This round of funding will provide consumer protection and education…

July 31, 2023 The Commission has today adopted the European Sustainability Reporting Standards (ESRS) for use by all companies subject to the Corporate Sustainability Reporting Directive (CSRD). This marks another step forward in the transition to a sustainable EU economy. Mairead McGuinness, Commissioner for Financial Services, Financial Stability and Capital Markets Union, said: “The standards we have…

July 23, 2023 The accurate reporting of greenhouse gas emissions is essential for driving sustainability in both countries and corporations, argues Liv Watson (senior digitisation advisor for Capitals Coalition) and Marian Van Pelt (senior vice president of climate and clean energy at ICF International) in a recent article. However, the current gap in underreported emissions is estimated…

July 23, 2023 In July 2021 the Financial Stability Board (FSB) released a comprehensive Roadmap, which aims to strengthen risk management practices and enhance financial system resilience to climate-related risks. It outlined key actions to be taken in four areas: firm-level disclosures, data, vulnerabilities analysis, and regulatory practices. In a recent progress report, the FSB takes stock…