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U.S. DOE Secures $15 Billion Loan Guarantee for PG&E to Boost Clean Energy in California

January 21, 2025 No Comments

Key Points: A Landmark Investment in Energy Infrastructure The DOE’s Loan Programs Office (LPO) announced the $15 billion loan guarantee under the Energy Infrastructure Reinvestment (EIR) program. The initiative supports PG&E’s Project Polaris, which includes upgrading hydropower generation, expanding battery storage, and enhancing grid transmission through advanced technologies. These improvements

U.S. Federal Reserve Exits Global Climate Risk Regulatory Group

January 21, 2025 No Comments

Key Points: Fed’s Reasoning for Withdrawal The Federal Reserve stated its decision to leave the NGFS reflects the group’s evolving priorities, which the Fed believes exceed its legal authority. Chair Jerome Powell has consistently maintained that the Fed’s role in addressing climate change is restricted to financial system stability, not

Biden Secures 84% of IRA Clean Energy Grants Ahead of Administration Transition

January 21, 2025 No Comments

Key Impact Points: High Obligation Rates for Clean Energy Programs The Biden administration has safeguarded $96.7 billion in clean energy grants under the IRA by obligating the funds through signed contracts between federal agencies and recipients. According to Kristina Costa, Deputy Assistant to President Biden and Director of the White

Schneider Electric Joins PCAF as First Global Sustainability Consultant Partner

January 21, 2025 No Comments

Key Impact Points: A Bold Partnership for Climate Action Schneider Electric, a global leader in energy management and automation, announced its collaboration with the Partnership for Carbon Accounting Financials (PCAF) as its first accredited global sustainability consultant partner. Effective January 1, 2025, this partnership underscores Schneider Electric’s commitment to delivering

U.S. Treasury Bets $6 Billion in Tax Credits on America’s Clean Energy Future

January 16, 2025 No Comments

Key Impact Points: $6 Billion for Clean Energy and Jobs The U.S. Department of the Treasury and the Internal Revenue Service (IRS) announced the allocation of $6 billion in tax credits under the second round of the Inflation Reduction Act’s (IRA) § 48C Qualifying Advanced Energy Project Tax Credit Program.

Bahamas, Standard Chartered, and Partners Launch $300M Debt Conversion for Climate and Nature

January 16, 2025 No Comments

Key Impact Points: Bahamas Debt Conversion Project: A Financial Breakthrough for Conservation The Government of The Bahamas, in partnership with The Nature Conservancy, Standard Chartered, the Inter-American Development Bank (IDB), and other financial stakeholders, has launched the inaugural Bahamas Debt Conversion Project for Marine Conservation. This pioneering initiative is projected

Climate Investment Funds Launches Historic $500 Million Bond to Accelerate Low-Carbon Tech

January 16, 2025 No Comments

Key Impact Points: $500M Bond Issuance Success The Climate Investment Funds (CIF) launched its debut $500 million bond on Tuesday, marking a milestone in diversifying its funding base to attract private sector investment for clean energy projects in emerging markets. The bond, which was six times oversubscribed, highlights the growing

ESG in 2025: Businesses Redefine Sustainability Amid Shifting Priorities

January 14, 2025 No Comments

Key Impact Points: Significant Shifts in ESG for 2025 Businesses in 2025 are predicted to undergo transformative changes in how they approach Environmental, Social, and Governance (ESG) initiatives. Companies are redefining sustainability, emphasizing material risks and opportunities, strengthening governance, and embedding ESG into core strategies. Prediction 1: ESG Label Evolves

Tim Mohin: 8 ESG & Climate Predictions for 2025

Guest Post: 8 ESG & Climate Predictions for 2025 by Tim Mohin

January 14, 2025 No Comments

This article is written by Tim Mohin Welcome back! We sincerely hope that our readers took some meaningful time away from work to relax, reflect, and recharge. By now, you have read a few 2025 forecasts. While no one knows the future, 2025 is shaping up to be a difficult

BlackRock Exit Prompts Net-Zero Asset Managers Initiative to Suspend Activities

January 14, 2025 No Comments

Key Impact Points: NZAM Responds to BlackRock Departure The Net-Zero Asset Managers (NZAM) initiative, a coalition aiming to align asset management with global climate goals, has temporarily suspended its activities following BlackRock’s exit. BlackRock, managing $11.5 trillion in assets, cited “confusion over its climate efforts and legal inquiries from public