Key Takeaways: Microsoft has signed a significant carbon removal deal with Ebb Carbon, committing to an initial removal of 1,333 tons of carbon dioxide and potentially expanding to 350,000 tons over the next decade. This ocean-based carbon removal agreement is part of Microsoft’s broader strategy to become carbon negative by
Key Impact Points: A new survey by Nasdaq offers crucial insights into how companies are adapting their carbon credit strategies to align with net zero goals. The 2024 Global Net Zero Pulse Report highlights shifts in corporate buyer preferences, regulatory challenges, and the growing demand for education on carbon removal
White House Races to Allocate Clean Energy Funds As the end of President Joe Biden’s term nears, his administration is scrambling to secure clean energy funding from the Inflation Reduction Act (IRA) before the possibility of a new administration disrupts progress. With Donald Trump threatening to pull back unspent IRA
Key Impact Points: A Quantum Leap in Ambition is Critical The United Nations Emissions Gap Report delivers a stark warning: without immediate and drastic action, the world is on a path to exceed all climate targets, with warming projected to hit 2.6°C (4.7°F) by the end of the century. Nations
Key Impact Points: Local concerns in a global shift Deloitte’s latest research highlights that the path to a net-zero economy isn’t just a technical challenge but a deeply local one. From Pennsylvania to Texas, community members—firefighters, truck drivers, teachers, and more—are grappling with the impacts of climate change and the
Key Impact Points: Dominion Energy Virginia and Amazon have entered into a Memorandum of Understanding (MOU) to explore potential development and financing structures for Small Modular Reactors (SMRs) in Virginia. As the demand for electricity surges—growing more than 5% annually in Virginia and projected to double within 15 years—Dominion Energy
Key Impact Points: The U.S. Department of Energy (DOE) has announced the opening of applications for up to $900 million in funding to accelerate the deployment of Generation III+ small modular reactors (SMRs). This initiative is a cornerstone of the Biden-Harris Administration’s Investing in America agenda, supported in part by
Key Impact Points: COP16 Security Overview The United Nations Biodiversity Conference of Parties (COP16) is set to take place in Cali, Colombia, from October 21 to November 1, 2024. While the event is highly anticipated, U.S. citizens attending should be mindful of potential security risks, including street crime and protest
Key Impact Points: Google’s clean energy push with SMRs Google is making strides in the clean energy sector by signing a groundbreaking corporate agreement with Kairos Power to purchase nuclear energy from Small Modular Reactors (SMRs). These advanced nuclear reactors will provide up to 500 MW of 24/7 carbon-free power
Key Impact Points: Introduction of the New Tool On the eve of Nature COP 16, Bloomberg unveiled a groundbreaking tool designed to help investors assess their exposure to nature and biodiversity-related risks. This offering combines Bloomberg’s extensive data with leading sources of nature and biodiversity information. Key Features of the
