AURORA Puts Citizens at the Centre of Europe’s Energy Transition With New Carbon Tracking Tool
• EU funded AURORA launches a carbon-tracking app that quantifies household and transport emissions and links users to community renewable energy projects.• Universities in Denmark, Spain, Slovenia, and the UK are piloting citizen-owned solar installations that allow students, staff and residents to invest at yields above standard banking rates.• AURORA will take its citizen-science model […]
PCAF Expands Global GHG Accounting Standard for Finance and Insurance
• The updated PCAF Standard adds new methodologies covering use-of-proceeds structures, securitisations, structured products, sub-sovereign debt, treaty reinsurance and project insurance.• More than 100 experts from institutions across all regions contributed to the development process through PCAF’s industry-led working groups.• The expansion equips banks, insurers and asset owners with clearer mechanisms to quantify financed and […]
BMW Group sets 2035 Climate Target to Cut CO2e by at Least 60 Million Tons
• BMW Group raises its long-term climate ambition, targeting at least 60 million tons of CO2e savings by 2035 compared to 2019.• The new goal adds roughly 20 million tons of additional reductions beyond the company’s existing 2030 target.• Measures span renewable energy, supply chain decarbonization, secondary materials, efficiency gains, and wider electrification. BMW Group […]
Lander Urges NYC Pension Funds to Drop BlackRock, Fidelity, and PanAgora Over Weak Climate Stewardship
• New York City’s pension systems have achieved a 37% cut in financed emissions since 2019 but identify three major asset managers that fall short of net-zero expectations.• BlackRock’s rollback on proactive U.S. proxy engagement affects $42.3 billion in index mandates and is seen as incompatible with the systems’ decarbonization requirements.• Fidelity and PanAgora face […]
Vietnam Launches National Cooling Overhaul to Anchor Its 2050 Net Zero Strategy
• Vietnam’s first National Sustainable Cooling Plan projects more than 800 TWh of electricity savings by 2050 and a 97 per cent reduction in cooling-related emissions compared with business-as-usual.• The plan aligns with the Kigali Amendment, phasing out HCFCs by 2040 and cutting HFC consumption by 80 per cent by 2045, while requiring all new […]
