British Columbia Updates Offset Protocol Framework, Reviews Fuel Switch Protocol
B.C.’s offset protocols follow ISO 14064-2 standards, ensuring projects deliver measurable, verifiable, and permanent greenhouse gas reductions. The Fuel Switch Offset Protocol (FSOP) is under review to address risks of issuing non-additionality credits. Development of new protocols will target projects that advance B.C.’s low-carbon transition, with public consultation before approval. British Columbia has outlined its […]
EBA Issues No-Action Letter on ESG Disclosure Requirements and Updates ESG Risk Dashboard
EBA advises regulators not to prioritize enforcement of certain ESG disclosure templates until new rules take effect. Updated ESG risk dashboard shows stable risk landscape across EU/EEA banks. Adjustments to the dashboard will align with the no-action letter in future editions. The European Banking Authority (EBA) has issued a no-action letter addressing the application of […]
ESG News Week In Review: 03 August – 10 August
Climate finance and technology innovation drove this week’s ESG headlines. China overhauled its green taxonomy to boost transition funding, Germany approved a bill to fast-track carbon storage, and the EU advanced plans to double circularity by 2030. UBS exited the Net-Zero Banking Alliance, while Fortescue and Enbridge announced multi-billion-dollar investments in decarbonization. On the technology […]
New CDP Report Shows Companies Can Earn 7x Return from Climate Action
Companies that act on climate risk data can achieve up to 21:1 returns on investment in risk mitigation, with an average ROI of 7:1 In 2024, 12% of disclosing companies unlocked $4.4 trillion in environmental opportunity value, with $13.2 trillion still untapped Firms in Japan and Canada lead in value per opportunity, with median gains […]
Energy Vault Secures $300M to Launch Asset Vault for 1.5GW Storage Projects
$300 million in non-dilutive preferred equity will unlock over $1 billion in capital expenditure for 1.5GW of global energy storage projects. New Asset Vault platform expected to generate over $100 million in recurring annual EBITDA within 3–4 years. Energy Vault will maintain control and execution of project design, construction, and long-term service contracts to strengthen […]
