NetZeroCities has launched a €32 million programme, inviting cities across Europe to pilot innovative approaches to achieving carbon neutrality.
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Japanese financial services group Mizuho has issued a green bond. The €800 million in funds raised will be deployed through subsidiary Mizuho Bank and used for investment in environmental projects, especially renewable energy.
China has published a new green bond framework to address greenwash concerns. While more closely aligned with the International Capital Market Association (ICMA) rules, issues remain that may limit international interest.
Ørsted, which has one of the most successful transition stories, has extended its 100% renewable target to all suppliers by 2025. This will help decarbonise its supply chain and achieve the company’s 2040 net zero target.
Fedex Office is joining the delivery industry in a shift towards EVs, in news of a trial with Ford EVs. Proponents say the shift will improve the bottom line, while addressing urban air pollution and climate change.
Tech giant Microsoft has signed a deal with start-up Heirloom to purchase carbon removal credits after investing in the company earlier in 2022. This could signal a shift in emissions targets from neutral to negative strategies.
Swisscom has announced plans to be climate neutral and reduce carbon emissions by one million tons by 2025, using a new Scope 4 climate strategy developed with Accenture.
Macquarie Group is betting the North Sea - engine of the UK’s once-booming oil and gas industry - can be transformed into the green energy hub of Europe.
Germany has approved over €177.5 billion in funding to accelerate the transition to a clean energy system as part of the government’s special “climate and transformation fund”.