German 2025 budget includes 'record investment' in renewables, says Scholz
After intense negotiations and mounting pressure for spending cuts, Germany clinched a 2025 budget deal including “record investments” in renewable power and industrial decarbonisation.
Survey: Most financial executives are lost on how to report ESG data
More guidance on data collection must be granted to help companies tap into their ESG-driven potential, says Jens Laue.
Columbia appoints Zarrilli as first sustainability officer
With experience spearheading climate initiatives in NYC mayoral administrations, Zarrilli will be tasked with helping Columbia act on its climate goals.
CSO Futures Weekly: Google grapples with AI-induced emissions
Big Tech companies like Google report climbing emissions amid AI boom, while the transport industry sees penalties for failing to curb carbon.
GM fined $145.8 million after US finds excess emissions
GM is the latest carmaker to get slapped with hefty fuel economy penalties.
Google blames 48% increase in emissions on AI
AI services and programs require considerably more power than standard online activity, sparking concern that the tech industry’s environmental impact is increasingly worsening.
EU approves 3bn euro carbon capture scheme
The European Commission approved a 3 billion euro scheme to support carbon capture and storage in Sweden, though business leaders say lack of regulatory guidance has slowed progress in the sector.
EU energy generation greenest yet, data show
Europe's energy generation is the greenest it's ever been, though demand remains low, skewing prices.
Heavy fuel oil ban takes effect in Arctic
Ships sailing through Arctic waters can no longer use or carry heavy bunker fuel, though some say a long list of exemptions has undermined the ban's effectiveness.
Google buys stake in Taiwan solar firm to offset regional emissions
Google has purchased a stake in a BlackRock-backed solar firm amid cries that the AI boom is worsening Big Tech's carbon footprint.
Incoming Mexican president taps renewables expert as secretary of energy
Mexico’s incoming President Claudia Sheinbaum has appointed Luz Elena González, an expert in sustainable development, as the next secretary of energy.
Report: Global carbon removal credit industry could reach $100bn
The global market for carbon dioxide removal credits could reach up to $100 billion a year between 2030 and 2035 if barriers to the industry’s growth are addressed.
