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 […]
Climeworks, KAPSARC to Explore Direct Air Capture Solutions in Saudi Arabia
Innovative Carbon Solutions: The partnership will explore Direct Air Capture (DAC) technologies leveraging Saudi Arabia’s unique resources. Strategic Alignment: The initiative aligns with Vision 2030 and the Circular Carbon Economy framework, advancing the Kingdom’s sustainability leadership. Future Potential: Findings will guide the development of scalable DAC systems to support global and domestic decarbonization goals. Riyadh, […]
BNP Paribas Launches €750M Low Carbon Infrastructure Equity Fund
€400M Anchor Commitment: BNP Paribas Group anchors the fund with €400M, aiming to attract institutional investors like insurers and pension funds. Focus on Energy Transition: The fund targets clean energy, sustainable mobility, and circular economy projects across Europe, including batteries, hydrogen, and carbon capture. Two Investments Secured: Already invested in renewable energy projects in Italy […]
Aramco, Linde, and SLB Partner to Build One of the Largest CCS Hubs Globally
Phase One Capacity: The Jubail CCS hub will capture and store up to 9 million metric tons of CO₂ annually by 2027. Net-Zero Goals: The project supports Aramco’s aim for net-zero Scope 1 and 2 emissions by 2050 and a 15% reduction in upstream carbon intensity by 2035. Global Collaboration: The hub highlights the role […]
