The agreement represents a significant milestone in Climeworks’ development as a carbon removal service provider.

The European Central Bank (ECB) has released its latest climate-related financial disclosures, illuminating the carbon footprint and climate risks associated with its portfolios. Notably, the carbon intensity of its €331 billion corporate bond portfolio has decreased by 38% between 2021 and 2024. This development is significant as it aligns with the ECB’s commitment to supporting…

EU exempts 90% of importers from CBAM. A new 50-tonne threshold will primarily remove SMEs from compliance while keeping 99% of emissions under regulation. The move is part of broader EU efforts to reduce reporting burdens while maintaining the climate integrity of the carbon border adjustment mechanism.

The governments of Norway and Switzerland have announced a ground-breaking international agreement focused on durable carbon dioxide removal, marking the first deal of its kind under Article 6.2 of the Paris Agreement. This agreement aims to provide insights into regulatory frameworks, monitoring, and reporting and to aid in developing a sustainable commercial market for carbon…

Goldman Sachs Asset Management (GSAM) has unveiled the Goldman Sachs Emerging Markets Green and Social Bond Active UCITS ETF (GEMS), broadening its portfolio of active Exchange Traded Funds (ETFs) in the European market with a focus on sustainability. Earlier this year, GSAM introduced its first actively managed fixed income ETFs in the EMEA region, followed…

Climate technology startup Fiber Global has successfully raised $20 million in a Series A funding round, designed to expand its platform that transforms waste streams into sustainable building products. Established in 2023 and based in Brownsburg, Indiana, Fiber Global repurposes materials like paper and cardboard that are diverted from landfills, producing durable, high-performance building materials…

Renewable fuels producer Neste has announced a fresh agreement with Amazon to supply 7,500 metric tonnes (2.5 million gallons, or 9.4 million litres) of sustainable aviation fuel (SAF) by the end of 2025. This will be utilised in Amazon Air’s cargo operations at San Francisco International Airport and Ontario International Airport in California. Neste, headquartered…

Alternative asset and private equity investor KKR has announced an agreement to acquire the Australia-based independent power producer (IPP), Zenith Energy. Established in 2006, Zenith ranks among Australia’s largest IPPs, specialising in sustainable and reliable hybrid power solutions for remote, off-grid resource sector clients, as well as urban microgrids for commercial, industrial, and residential areas.…