Singtel’s regional data center arm, Nxera DCT Pte Ltd., has successfully secured a S$643 million (approximately $476 million) green loan to fund the development of DC Tuas, a state-of-the-art, high-power-density data center in Singapore. This loan, supported by major banks including DBS, OCBC, Standard Chartered, HSBC, and UOB, aligns with Singtel’s commitment to sustainability and […]
Continue ReadingEnsure PPN 06/21 compliance with a comprehensive Carbon Reduction Plan. Learn how to report all relevant Scope 3 emissions and avoid reputational risks. PPN 06/21 Technical Guidance: A Comprehensive Guide to Ensuring Compliance Public Procurement Notice 06/21 (PPN 06/21) is a key regulation that requires suppliers bidding for major government contracts in the UK to […]
Continue ReadingThe European Climate Law sets an economy-wide target of at least 55% net greenhouse gas emission reductions by 2030 compared to 1990 levels. Alongside carbon pricing, the EU ETS funds an Innovation Fund to support innovative clean tech projects, including in the aviation sector aiming to reduce the sector’s climate impacts[1], as well as specific […]
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Investors overseeing €6.6 trillion in assets are urging the European Commission to preserve the integrity of its sustainability disclosure regulations amidst growing concerns over potential changes in the upcoming Omnibus package, scheduled for release on February 26. This package could significantly alter key sustainability frameworks, including the EU Taxonomy and the Corporate Sustainability Reporting Directive […]
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The BNP Paribas Foundation has launched the 6th edition of its Climate & Biodiversity Initiative, committing €7 million to fund scientific research on ocean and coastal ecosystems. This new initiative aims to tackle pressing environmental challenges such as ocean acidification, coastal erosion, and overfishing—issues that threaten marine life and biodiversity worldwide. Focus on Ocean Preservation: […]
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In a bold move to foster the transition to zero-emission mobility, the European Union is committing €422 million to enhance alternative fuel infrastructure across Europe. The funding will support 39 key projects designed to expand and modernize infrastructure along the trans-European transport network (TEN-T), a crucial step in achieving the EU’s sustainability goals. The initiative, […]
Continue ReadingAuthors of a recently published study discuss how their research discovered that seals exhibit avoidance of turbines during operation. This finding is important for industry developers and regulators, as lower numbers of seals close to the turbine reduces the potential for fatal collisions and injuries. The rise of the tidal energy industry Tidal turbine at […]
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TA’ZIZ has taken a significant step toward strengthening the UAE’s industrial and economic diversification by awarding a $1.7 billion EPC contract to SAMSUNG E&A for the development of the country’s first world-scale methanol production plant. Located in Al Ruwais Industrial City, Abu Dhabi, the plant will be a pioneering facility powered by clean energy from […]
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In a groundbreaking move, Île-de-France Mobilités has issued the first-ever EU Green Bond under the newly implemented European Green Bond Standard (EuGB), raising €1 billion on Euronext Paris. This marks a significant milestone in sustainable finance, reinforcing the region’s commitment to transforming its transport network into a fully carbon-free system by 2030. A Step Towards […]
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In a landmark achievement, BBVA has surpassed its €300 billion sustainable business target a full year ahead of its 2025 deadline. The bank channeled an impressive €99 billion into sustainable initiatives in 2024, bringing its total sustainable investments from 2018 to 2024 to €304 billion. This early success underscores BBVA’s growing role in the global […]
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