Decarbonisation

EU approves 3bn euro carbon capture scheme

The European Commission approved a 3 billion euro scheme to support carbon capture and storage in Sweden, though business leaders say lack of regulatory guidance has slowed progress in the sector.

Olivia Peluso

02 July 2024

Energy Transition

EU energy generation greenest yet, data show

Europe's energy generation is the greenest it's ever been, though demand remains low, skewing prices.

Olivia Peluso

02 July 2024

Policy & Standards

Heavy fuel oil ban takes effect in Arctic

Ships sailing through Arctic waters can no longer use or carry heavy bunker fuel, though some say a long list of exemptions has undermined the ban's effectiveness.

Olivia Peluso

01 July 2024

Operations & Finance

Google buys stake in Taiwan solar firm to offset regional emissions

Google has purchased a stake in a BlackRock-backed solar firm amid cries that the AI boom is worsening Big Tech's carbon footprint.

Olivia Peluso

01 July 2024

Decarbonisation

Report: Global carbon removal credit industry could reach $100bn

The global market for carbon dioxide removal credits could reach up to $100 billion a year between 2030 and 2035 if barriers to the industry’s growth are addressed.

Olivia Peluso

28 June 2024

Climate litigation

German court cracks down on greenwashing

Thursday's ruling is the latest attempt by European regulators to crack down on greenwashing tactics as companies seek to woo the eco-conscious consumer.

Olivia Peluso

27 June 2024

CSO Futures Weekly

CSO Futures Weekly: Governments asked to step up, while some businesses push back

Courts and countries are backing biodiversity around the world, while the EU faces pressure from businesses on both sides as it smooths out its climate targets.

Olivia Peluso

27 June 2024

Operations & Finance

Lufthansa Group adds fee to cover EU sustainability regulations

The Lufthansa Group is introducing an environmental surcharge to all flights departing from the EU, the UK, Norway, and Switzerland, saying it could not bear the additional costs generated from soon-to-be enacted sustainability regulations.

Olivia Peluso

26 June 2024

Transition Planning

New business coalition launches to boost government climate plans ahead of UN deadline

Some of the world’s largest companies, financial institutions, and cities have formed the Mission 2025 coalition, calling for governments to increase their ambition in setting climate goals.

Olivia Peluso

24 June 2024

Transition Planning

ISSB to ‘harmonize disclosures’ on corporate climate transition plans

The International Sustainability Standards Board said it would release guidance to standardize how companies worldwide publish details on their climate transition plans to meet net-zero goals.

Olivia Peluso

24 June 2024