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EU banks have made notable progress in climate risk management. European banks have significantly improved their practices for identifying and managing climate and nature-related risks, though further expansion across all risk categories is necessary, according to the ECB’s Frank Elderson….
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Schneider Electric unveils Zeigo Hub to aid supply chain decarbonisation. The new platform offers tools for supplier engagement, emissions tracking, and customised decarbonisation programs, addressing increasing demands from stakeholders for transparent and actionable supply chain emissions reporting….
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Amogy secures $23 million to expand clean fuel technology. The recent funding brings Amogy’s total to $80 million, strengthening its focus on ammonia-based solutions for maritime and power generation. The company targets expansion into Asia, with plans for a project in South Korea….
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UK retains national electricity pricing, introduces strategic energy reforms. The government aims to modernise the electricity market, maintaining a unified pricing model while implementing reforms to enhance efficiency and fairness, reduce costs, and secure clean energy investments.
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Iberdrola announces €6.6 billion in sustainable finance transactions. Global energy provider Iberdrola has secured €4.1 billion for a UK wind farm and a €2.5 billion credit line linked to sustainability targets. The financing supports Iberdrola’s ongoing green investment strategy….
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PepsiCo and Cargill launch collaboration for regenerative agriculture. The initiative aims to expand sustainable farming practices across 240,000 acres in Iowa by 2030, enhancing supply chain resilience and supporting farming communities through tailored advice and financial incentives….
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HMRC lacks data on billionaire taxpayers, MPs criticise. The Public Accounts Committee urges HMRC to enhance billionaire tax tracking, citing a need for better strategies and transparency in ensuring the ultra-wealthy contribute their fair share to public finances.
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Brookfield and Google announce major hydroelectric power agreement. Brookfield Asset Management and Google have entered into a Hydro Framework Agreement to provide up to 3,000 MW of carbon-free hydroelectric capacity for Google’s U.S. operations. This marks the largest corporate clean power deal for hydroelectricity to date….
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UK launches a Transition Finance Pilot to boost green finance. The initiative aims to remove regulatory barriers hindering companies from reducing carbon emissions, potentially attracting up to £200 billion in investment and reinforcing the UK’s leadership in green finance.
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UK government halts plans for a Green Taxonomy framework. The decision follows a consultation indicating limited support for the taxonomy, with only 45% of respondents expressing a positive view, suggesting a preference for other sustainable finance policies….