The International Energy Agency’s (IEA) new report states that the market for minerals has doubled over five years. Since companies are moving towards clean energy transition to reduce emissions, mineral are a substitute that is offering clean energy. It helps companies’ power electric vehicles, wind turbines, solar panels and other technologies that are crucial for…
The International Air Transport Association (IATA) and the Aviation Impact Accelerator (AIA) have announced a collaboration. This collaboration is to speed up the transition to net zero for the aviation sector by 2050. Aviation Impact Accelerator is an international industry-academia partnership based at the University of Cambridge. Under the alliance, the organizations plan to assess…
Bluesphere Ventures is a venture studio specializing in incubating environmental fintech ventures. It announced to acquire Climate Carbon, a Canadian broker of carbon and renewable energy credits. The acquisition is has the potential to reshape the industry and sustainability practices, claims the report. Bluesphere Ventures studio aims to nurture start-ups that create carbon credit and…
Pano AI raised $17M in new capital growth, led by Valor Equity Partners in a series A round. New investors joining the funding are Salesforce Ventures, T-Mobile Ventures and the 5G Open Innovation Lab. Along with existing investors include Initialized Capital, Congruent Ventures, Convective Capital and more. Acquired funding will be used to advance the AI-based detection for active wildfire and to…
EcoOnline has signed a definitive agreement to acquire Ecometrica. Ecometrica provides ESG and Sustainability software to companies to reduce carbon footprint. The company is an EHS (Environment, Health and Safety) and ESG (Environmental, Social and Governance) software provider. The acquisition will increase EcoOnline’s presence in the ESG market. It will enhance the platform’s capabilities and…
AXA announces new decarbonisation targets, for its insurance and investment portfolios, in its 2023 Climate & Biodiversity report. The report, in its 8th edition of Climate & Biodiversity, refers to the legal obligations for extra-financial reporting and to the voluntary recommendations by the Task Force on Climate-related Financial Disclosures (TCFD) and the Task Force on…
Net Zero in short – Net zero refers to the state where the amount of greenhouse gases emitted into the atmosphere is equal to the amount removed from it. It’s like a balance between the emissions we produce and the emissions we eliminate. When we achieve net zero, the overall impact on the climate is…