Tim Mohin: EU’s New ‘Omnibus’ – Simplification or Rollback?
Companies racing to meet the EU’s Corporate Sustainability Reporting Directive (CSRD) requirements are now facing an added layer of complexity as the rule is set to be re-opened and potentially changed. Less than a month before reporting begins, EU ministers, in a simplification drive, have decided to create a new omnibus regulation combining CSRD and […]
Heirloom Secures $150M Series B to Scale Direct Air Capture Technology
Funding Milestone: Heirloom raised $150M in Series B, attracting industrial leaders from sectors like aviation, shipping, and manufacturing. Scaling Carbon Capture: The funds will reduce DAC costs, accelerate deployments, and support large-scale projects like the DOE-backed Project Cypress. Technological Edge: Heirloom’s limestone-based DAC process captures CO₂ in just three days, positioning it as a cost-effective […]
World’s First Industrial-Scale Carbon Capture Plant at Cement Facility Completed
Emissions Reduction: The plant will capture up to 400,000 metric tons of CO₂ annually, supporting net-zero cement production. Industry Milestone: This is the first full-scale carbon capture facility in the cement sector, setting a precedent for future projects. Collaborative Success: SLB Capturi, Heidelberg Materials, and Aker Solutions led the effort, with operations set to begin […]
Net-Zero Asset Owner Alliance Calls For Mandatory Scope 3 Disclosure
Scope 3 Challenges: Scope 3 emissions account for 75% of corporate emissions but face barriers like data quality, inconsistent frameworks, and double counting. Regulatory Push: The Alliance calls for top-down mandates to standardize Scope 3 disclosure globally, mirroring efforts in the EU, Japan, and California. Actionable Steps: NZAOA outlines five strategies for asset owners to […]
Qatar Launches Green Bonds Trading on London Stock Exchange
First Green Bonds: Qatar’s Ministry of Finance debuts its first green bonds on the London Stock Exchange to fund environmentally friendly projects. Global Collaboration: The initiative strengthens Qatar’s partnerships with international financial institutions. Sustainability Commitment: Green bonds underscore Qatar’s dedication to financing sustainable development. London, Dec 6, 2024 (ESG NEWS) – Qatar has officially launched […]