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…
India’s Avaada Group has announced the successful closure of $1.3 billion (INR 10,700 crore) funding round. The funding is the largest equity round to be raised in the green energy sector in Asian continents. Avaada Group will use the funding to boost its initiatives of green hydrogen, green methanol, green ammonia, solar manufacturing and renewable…
AstraZeneca has announced $400 million investment for its AZ Forest Programme which aims to plant 200 million trees by 2030. The company will achieve the numbers with the team effort of experts, government and local communities. AstraZeneca will ensure the long term survival of these trees to ensure a healthy planet and healthy people. AZ…
1KOMMA5° has raised €215 million in a Series B equity funding round at a valuation of more than $1 billion in just 23 months after the climate-focused company was founded. G2VP led the round that also includes €215 million in re-participation options, which can be paid as part of the purchase price for new acquisitions….
CleanHub secures $7 Million funding led by Lakestar and Integra Partners, for cleaner plastic free coastal regions and oceans. The company aims to fill the waste management gap in developing countries and use funding the funding along with infrastructure to manage waste more efficiently. CleanHub states that 2 billion people in coastal regions worldwide lack…
A report from the International Centre for Integrated Mountain Development (ICIMOD) says that the Himalayan glaciers’ snow and permafrost of the HKH (Hindu Kush Himalayas) regions are losing ice quicker than expected due to global warming. The report reveals that at the current pace of emissions trajectories, the Himalayan glaciers can lose up to 80%…
