Clean iron innovator Electra has raised $186 million in a Series B funding round co-led by Capricorn Investment Group and Temasek, bringing its total funding to $214 million. The capital will accelerate the development of its breakthrough fossil-free iron production technology, including a demonstration plant in Colorado slated ...
Microsoft Commits to Scalable Carbon Removal with 44,000 Biochar Credits from Carba
Microsoft has entered a five-year agreement with climate tech firm Carba to purchase 44,000 carbon removal credits, with deliveries starting in 2025. This long-term deal underscores Microsoft’s continued investment in durable carbon removal solutions as part of its broader climate goals. Carba, based in Minnesota, uses a pate...
Dublin Named Global Hub for Sustainable Finance with €7.5M UNDP Project Office
Ireland has partnered with the United Nations Development Programme (UNDP) to establish a new global Project Office for Sustainable Finance in Dublin, supported by a €7.5 million investment from the Irish Government over the 2025–2027 period. Unveiled during the World Bank/IMF Spring Meetings in Washington, D.C., the Dublin-b...
SEBI Strengthens ESG Rating Framework for Enhanced Transparency Under Subscriber-Pays Model
The Securities and Exchange Board of India (SEBI) has revised its regulatory framework for Environmental, Social, and Governance (ESG) Rating Providers (ERPs), particularly those operating under a subscriber-pays business model. These amendments aim to enhance transparency, accountability, and consistency in the ESG ra...
CDP Reports 30% Increase in Companies Earning “A” Scores in 2024, But Still Only 2% of Disclosing Firms
The number of companies achieving an “A” score in at least one category in the CDP’s 2024 annual environmental assessment surged by 30%, according to a recent report. However, these top-performing companies still represented just 2% of all firms that disclosed their environmental data through the system. CDP, a gl...
Exowatt Raises $70 Million to Accelerate Development of 24/7 Solar Energy System
Miami-based renewable energy startup Exowatt has secured $70 million in a Series A funding round to support the development and production of its modular solar energy system, the Exowatt P3. The innovative system is designed to provide 24/7 power by storing solar energy as heat in a long-duration battery, allowing it to generate...