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Australia sets ambitious climate target for 2035 emissions reduction. The government aims to cut greenhouse gas emissions by 62% to 70% from 2005 levels, alongside $8 billion in climate investments. The strategy includes clean energy, decarbonisation, and EV infrastructure….
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Microsoft secures $6 billion AI deal with Nscale and Aker. The agreement focuses on building a renewable energy-powered AI infrastructure in Northern Norway to meet Europe’s growing demand for sustainable AI computing. This initiative aligns with Microsoft’s ongoing sustainability goals….
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Mercedes-Benz and UKA to install a wind farm in Germany. The 140 MW project will supply 20% of Mercedes-Benz’s electricity needs, supporting its sustainability goals to reduce CO2 emissions and increase renewable energy use by 2030….
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Galvanize launches a new $1.3 billion investment strategy. The firm’s Credit and Capital Solutions strategy aims to provide flexible financing for the energy transition value chain, focusing on renewable energy, grid solutions, and electrification across the U.S., Canada, and Europe….
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Oneworld alliance launches a sustainable aviation fuel venture fund. Oneworld has partnered with Breakthrough Energy Ventures to introduce a $150 million fund aimed at increasing sustainable aviation fuel availability and reducing costs, with notable backing from Alaska Airlines and American Airlines….
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Sustainability regains importance for CEOs, linking it to business value. A Bain & Company survey reveals increased focus on sustainability among corporate leaders, with businesses prioritising sustainable practices due to consumer and B2B buyer demand, despite less frequent discourse on the topic….
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Huawei has unveiled its first full roadmap for chips. The Chinese technology group outlined upgrades to its Ascend processors and Atlas supercomputers, aiming to cut reliance on foreign suppliers and challenge Nvidia’s AI dominance. The plans extend to 2028 but face significant production hurdles.
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The Federal Reserve cut rates by a quarter point. The move, its first reduction since December 2024, reflects growing concern about a cooling labour market. Policymakers signalled at least two more cuts this year, while a dissent from Governor Stephen Miran underscored political tension within the central bank.
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Texas Attorney General Ken Paxton investigates proxy advisory firms. The investigation targets Glass Lewis and Institutional Shareholder Services (ISS) for allegedly misleading investors on DEI and sustainability policies. This follows a court ruling blocking a Texas law concerning ESG advice….
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Singapore to purchase over 2 million tonnes of carbon credits. The credits, sourced from projects in Ghana, Peru, and Paraguay, support the nation’s 2050 net zero target. The initiative aligns with the Paris Agreement’s Article 6 on carbon markets….