BlackRock, Block, and Partners Drive $200M Investment in Sustainable Aviation Fuel
BlackRock, Block, Ripple, and Samsara have joined the Sustainable Aviation Buyers Alliance (SABA) to fund $200 million in sustainable aviation fuel (SAF) deals, supplying 50 million gallons to Alaska Airlines. The initiative will offset 500,000 tons of CO2 over five years, supporting SAF’s 80% carbon reduction potential compared to conventional jet fuel. SAF certificates (SAFc) […]
Endesa Commits Record €9.6 Billion Investment to Power Spain’s Energy Transition
Historic Investment Increase: Endesa boosts its 2025-2027 strategic plan investment by 8%, marking a record €9.6 billion to support energy transition and electrification goals. Focus on Grids and Renewables: 42% of investment (€4 billion) targets grid modernization, while €3.7 billion redirects to hydroelectric and wind power over solar assets. Financial Strength and Growth: Endesa anticipates […]
Sustainability Partners Names Ex-Morgan Stanley MD John Veech as CEO
John Veech to Lead SP in Addressing U.S. Infrastructure Challenges John Veech, a seasoned leader in global infrastructure, appointed as CEO of SP Services, effective December 1, 2024. Veech’s background includes senior roles at Morgan Stanley, Lehman Brothers, and Marathon Capital Partners, underscoring extensive expertise in infrastructure finance. SP’s Infrastructure as a Service® model aims […]
Sustainable Food Systems Could Lift 300 Million from Undernourishment: Deloitte Report
Transitioning to sustainable food systems could increase global GDP by US$121 trillion and lower global food prices by 16% by 2070. Inaction on climate change may cost the global economy US$190 trillion by 2070 due to agricultural and productivity declines. Sustainable practices could support an additional 300 million undernourished people and meet the nutritional needs […]
UK Gov Proposes Regulation for ESG Ratings Providers to Ensure Transparency
Regulatory Initiative: The UK government is introducing regulation for ESG ratings providers to ensure transparency and reduce conflicts of interest, aligning with IOSCO’s 2021 recommendations. Industry Support: 95% of consultation respondents backed regulation, highlighting the need for clear methodologies and transparency, while smaller firms voiced concerns about potential cost burdens. Timeline and Scope: Legislation is […]
