Net Zero Banking Alliance Eases Climate Rules, Retreats from 1.5°C Target
Net Zero Banking Alliance (NZBA) weakens its 1.5°C commitment, shifting toward a broader “well-below 2°C” alignment under the Paris Agreement. Banks cite coordination challenges, sluggish policy progress, and fiduciary risks as reasons for the shift—mirroring a broader pullback in climate ambition across the finance sector. Legal and reputational risks loom, as investors and regulators scrutinize […]
We Mean Business Coalition, CDP, Ceres Publish 7-Step Framework to Drive Supplier Climate Engagement
A new 7-step guide offers practical steps to help companies decarbonize supply chains by engaging suppliers. Developed by CDP, Ceres, and the We Mean Business Coalition, the guide supports Scope 3 emissions reductions, often the largest emissions source. Real-world case studies from companies like HP, PepsiCo, and Unilever show how supplier engagement drives measurable climate […]
Google Signs First Geothermal Energy Deal in Asia to Power Taiwan with 24/7 Clean Electricity
10MW of geothermal capacity added to Taiwan’s grid to support Google’s data center and local operations. First corporate geothermal PPA in Taiwan, potentially doubling the island’s current installed capacity. Strategic equity investment in Baseload Capital to scale geothermal energy across Asia-Pacific and beyond. Google has signed its first corporate power purchase agreement (PPA) for geothermal […]
Philippine Finance Department Strengthens Green Force to Lead 2025 Sustainable Finance Strategy
Broader Government Participation: DOF proposes expanding ITSF membership to include key agencies like BTr and PHILGUARANTEE for a more holistic approach. Strategic Policy Frameworks: Establishes three focused clusters—Policy, Financing, and Investment—to drive Sustainable Finance Roadmap implementation. Project Pipeline Activation: Agencies are urged to align projects with climate plans to build a robust pipeline for adaptation […]
Microsoft Signs World’s Largest Permanent Carbon Removal Deal with Fidelis’ AtmosClear
Largest-ever agreement for engineered carbon removal, totaling 6.75 million metric tons over 15 years. $800M investment in Louisiana’s clean energy infrastructure, supporting 675 jobs and regional economic revitalization. Strategic alignment with Microsoft’s 2030 carbon-negative target, emphasizing long-term demand for high-quality, permanent carbon removal. Microsoft has inked the largest carbon removal deal in history, committing to […]
