Climate-data startup Arcadia raises $200 million in a funding round led by J.P. Morgan

Climate-data startup Arcadia raises $200 million in a funding round led by J.P. Morgan Arcadia, a US-based technology company supporting energy innovators to fight the climate crisis, announced on May 10th the raise of $200 million funding round. The financing aims to accelerate the impact of Arcadia’s data and new API platform, Arc, expanding data […]

ISSB aims to improve and enhance climate reporting

ISSB aims to improve and enhance climate reporting Recently there has been more attention drawn to corporate climate reporting, as climate disclosures can look good in an annual report, but they do not necessarily mean that a rapid change is being achieved. Moreover, environmental data regarding businesses does not have a universally acknowledge unit of […]

Are passive funds over-investing in UK fossil fuel companies?

Are passive funds investing too much in fossil fuel companies? The think-tank Commonwealth delved into an issue regarding the financial sector, with particular attention on the UK, but that can be considered a worldwide phenomenon, starting from the US. In the paper “The Passive Revolution” by Buller and Hayes, it is shown that passive investments […]

How Biden’s administration threatens to sink US solar

How Biden’s administration threatens to sink US solar America’s biggest builder for solar farms has recently accused US President Joe Biden of doing more harm to the sustainability sector than the Trump administration, which has repeatedly been blamed for having a “dysfunctional” climate policy. George Hershman, chief executive of Solv Energy, the top installer of […]

Jakarta is sinking: the government decides to move the capital

Jakarta is sinking: the government decides to move the capital The Indonesian government has resumed work, suspended following the pandemic, to move the capital from Jakarta to a metropolis that will be built from scratch on the island of Borneo and that will be called “Nusantara” which means “archipelago” or ” other islands”. The project, […]

MAINSTREET PARTNERS: ESG BAROMETER REPORT REVEALS 70% OF EUROPEAN FUNDS NOT SUSTAINABLE

MainStreet Partners: ESG Barometer report reveals 70% of European funds not sustainable MainStreet’s first ESG Barometer report analyzes the state of ESG integration in European funds, following the progress made since Europe’s Sustainable Finance Disclosure Regulation (SFDR) came into effect one year ago, on March 10. It shows that 70% of funds still do not […]

EU presents amendments to the Taxonomy Act to accelerate decarbonization

EU presents amendments to the Taxonomy Climate Delegated Act to accelerate decarbonization But the choice of including nuclear and gas energy among the “green” ones was criticized by many On Wednesday the EU Commission, published the final text of its taxonomy for sustainable finance. The taxonomy is a classification system to guide private capital into […]