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China announces its first absolute emissions reduction target. President Xi Jinping reveals interim climate goals to cut greenhouse gas emissions by 7%-10% from peak levels by 2035, alongside ambitious targets for renewable energy capacity and non-fossil fuel consumption….
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Mars achieves full renewable energy use in European factories. The company has transitioned its European snacking factories to 100% renewable energy, marking a significant sustainability milestone. This follows investments in wind farms and renewable energy sources over the past decade….
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UK signs contracts for two carbon capture projects. The government has committed to two carbon capture and storage (CCS) projects, expected to capture 1.2 million metric tons of CO2 annually and create 500 skilled jobs, as part of a £9.4 billion funding pledge.
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TotalEnergies wins French offshore wind tender, RWE exits consortium. The project, located off Normandy’s coast, will supply renewable electricity to over 1 million households and represents a €4.5 billion investment. TotalEnergies plans to begin electricity production in 2033….
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Watershed launches AI tool to measure carbon footprints accurately. The new solution helps companies address challenges in assessing upstream emissions, which often constitute a significant portion of their carbon footprint, by providing accurate, quick, and actionable insights into product-level emissions….
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EU postpones deforestation regulation amid IT system concerns. The European Commission plans to delay the EU Deforestation Regulation by a year due to inadequate IT infrastructure. Stakeholders face challenges as the regulation aims to curb deforestation-linked products in EU markets….
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Stegra partners with Microsoft to promote low-emission steel use. Swedish steel maker Stegra and Microsoft have announced two agreements to integrate near-zero emission steel into Microsoft’s datacenter operations, including a supply deal and an environmental attribute certificates system to support carbon reduction goals….
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LanzaJet and KazMunayGas advance Kazakhstan’s sustainable aviation fuel project. The venture progresses to the engineering and design phase, enhancing regional leadership in low-carbon aviation and economic development, aiming to meet Kazakhstan’s projected sustainable aviation fuel demand of 70,000 tonnes by 2030….
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Iberdrola plans €110 billion investment focusing on grid networks. Europe’s largest utility aims to enhance stability and returns by prioritising regulated grid networks over renewable generation projects. The strategy targets the US and UK, anticipating €7.6 billion annual net profit and 15,000 new jobs by 2028.
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Connect Earth acquires ESG platform Datia to enhance sustainability. Connect Earth, a climate fintech firm, has acquired the ESG reporting platform Datia. This move aims to integrate emissions data with regulatory reporting, aiding financial institutions in meeting sustainability obligations across EMEA and North America….