Protein Evolution’s Biopure technology uses AI-designed enzymes to produce the raw materials of polyester from plastic waste – not petroleum Protein Evolution, Inc., a biological recycling company working to decarbonize plastic production, unveiled the world’s first garment produced using their Biopure technology at COP28, the United Nations Climate Change Conference. The parka, designed by Protein […]

As COP28 kicks off in Dubai, businesses, policymakers, and civil society are increasingly recognizing the profound impact of food systems on the world’s most pressing social and environmental challenges. Since the UN Food Systems Summit in 2021, significant progress has been made in addressing these challenges. Over 120 countries have adopted national food systems pathways, […]

In the second quarter of 2023, EU economy greenhouse gas emissions totalled 821 million tonnes of CO2-equivalents (CO2-eq), a -5.3% decrease compared with the same quarter of 2022 (867 million tonnes of CO2-eq). In the same period, the EU’s gross domestic product (GDP) remained stable registering just a very small variation (+0.05% in the second quarter of 2023, compared with the same […]

EDP is accelerating the delivery of its coal free commitment by 2025 with reinforced plans for the group’s remaining coal plants in Spain. These decisions represent yet another relevant step in the company’s journey towards full decarbonization of its generation portfolio, following the disposal of the Pecém coal power plant in Brazil and the shutting […]

ING has published its annual Climate Report. This report explains how their financing impacts climate change, as well as how climate change impacts their business. It includes their progress on steering the nine most carbon-intensive sectors in ING’s loan portfolio towards global climate goals – ING’s Terra approach – how they engage with clients to […]

The Commission welcomes the provisional agreement reached by the European Parliament and the Council on strengthened rules to massively reduce greenhouse gas (GHG) emissions from fluorinated gases (F-gases) and ozone-depleting substances (ODS). Building on existing EU legislation which has already limited the use and emissions of these gases significantly, the Regulations agreed, will prevent almost […]

National Investment and Infrastructure Fund Limited (“NIIFL”), India’s collaborative investment platform for international and Indian investors, anchored by the  Government of India, announced the establishment of its first bilateral fund, the India-Japan  Fund (“The Fund”) in partnership with Japan Bank for International Cooperation (“JBIC”), a policy  based financial institution wholly owned by the Government of Japan. […]

The Rockefeller Foundation announced that it will invest over USD 1 billion over the next five years to advance the global climate transition and help ensure everyone can participate in it. The new strategy, which is the first of its kind in The Rockefeller Foundation’s 110-year history, has two central pillars: bring the world together to […]

American policymakers are seeing red on ESG, attacking financial institutions for their sustainability practices. Now, a powerful rating agency is doing a surprising about-face on its ESG ratings. Rating agencies evaluate thousands of companies worldwide on their efforts to promote environmental, social, and governance (ESG) standards. Among other things, these ratings serve as the basis […]