ASEAN Moves to Strengthen Adaptation Finance with New White Paper
• New white paper sets the foundation for a forthcoming Adaptation for Resilience (mARs) Guide supporting Environmental Objective 2 of the ASEAN Taxonomy.• Adaptation finance in developing countries faces a USD 310–365 billion annual requirement by 2035, while current international public flows remain around USD 26 billion.• EU-backed technical support aims to drive interoperable, science-based […]
Ferrari Secures 10 Year Renewable Power Deal with Shell
Shell to deliver 650 GWh of renewable electricity to Ferrari through 2034, covering nearly half of Maranello’s consumption. Deal supports Ferrari’s target to cut Scope 1 and 2 emissions by 90% by 2030. Agreement reflects Italy’s expansion of corporate PPAs as energy security and cost stability reshape industrial strategy. Shell and Ferrari Strike Long-Term Renewable […]
British International Investment Deploys $150M to FirstRand to Cut Industrial Emissions
• British International Investment launches its first dedicated energy transition finance facility, providing $150 million to FirstRand.• Funding targets hard-to-abate sectors across Africa through RMB and FNB, offering transition loans to heavy emitters shifting to lower-carbon technologies.• South Africa faces an annual climate financing gap exceeding 300 billion rand ($16.7 billion), underscoring the scale of […]
X-energy Secures $700 Million to Accelerate Global Deployment of Advanced Nuclear Reactors
• X-energy closes an oversubscribed $700 million Series D round to scale its Xe-100 SMR and TRISO-X fuel supply chain, backed by major institutional investors.• Funding supports a commercial pipeline of more than 11 GW — roughly 144 advanced small modular reactors — across the US and UK.• Strategic partnerships with Dow, Amazon and Centrica […]
Air Liquide Launches World First Industrial Ammonia to Hydrogen Unit
• Air Liquide starts up a 30-ton-per-day ammonia-to-hydrogen cracking unit in Antwerp-Bruges, the first of its kind at industrial scale.• The technology strengthens the feasibility of long-distance hydrogen supply chains by using ammonia as a globally traded carrier.• The breakthrough supports decarbonization for industry and mobility and provides a new pathway to scale low-carbon and […]
