Amazon has announced plans to invest more than $1 billion to electrify and decarbonize its transportation network across Europe over the coming years. The initiative includes the company’s largest-ever order for heavy-duty electric trucks, with...
Europe
Bolivia Seeks $5 Billion in Carbon Credits to End Deforestation by 2030
Bolivia has announced plans to sell $5 billion worth of carbon credits in an ambitious bid to combat rampant deforestation and halt forest loss by 2030. The initiative aims to offer a way for countries...
EU Funds 85 Projects to Accelerate Climate Neutrality with €4.8 Billion Investment
The European Commission announced today that it has selected 85 decarbonization technology-focused projects to receive €4.8 billion in grants utilizing funds raised through its EU Emissions Trading System (EU ETS). Established in 2005, the European...
Morningstar Sustainalytics Updates ESG Tools to Support EU Sustainability Compliance
Morningstar Sustainalytics has announced significant updates to its suite of tools designed to assist investors and corporations in navigating the evolving ESG regulatory landscape under the EU Sustainable Finance Action Plan. These enhancements include new...
EU Council Passes Nature Restoration Law After Austria’s Support
In a dramatic last-minute decision, Austria has swung the vote in favor of the Nature Restoration Law, enabling its approval by the European Council. This crucial legislation aims to protect and restore natural ecosystems, mandating...
EU Parliament Wraps Up Term with Sweeping Green Legislation Ahead of Elections
In its final plenary session before the June elections, the EU Parliament has approved several pivotal pieces of legislation, marking a significant push in its environmental and social governance efforts. Key measures include the Net...
Iceland Debuts on the Green Bond Market with a €750 Million Issue
The Republic of Iceland has made a significant entrance into the sustainable finance world with the issuance of its inaugural green bond, raising 750 million euros (ISK 111 billion). This move underscores Iceland’s commitment to...
Europe’s Looming Climate Crisis: EEA Sounds the Alarm on Escalating Risks
The European Environment Agency (EEA) has issued a stark warning in its latest report, marking Europe as the world’s fastest warming continent, now facing urgent climate risks that outpace current levels of preparedness. Released today,...
EU Adopts Plan to Secure Critical Raw Material Supplies Amidst Global Competition
Securing Strategic Resources The European Union has officially agreed upon a strategy to ensure a steady supply of critical raw materials. This move is a direct response to reduce reliance on external sources, particularly China,...
European Commission Targets Microplastic Pollution with New Preventative Measures
In an unprecedented move, the European Commission is introducing measures designed to curtail microplastic pollution resulting from accidental plastic pellet spillage. Annually, an estimated 52 to 184 thousand tonnes of these pellets contaminate the environment...