3Bee raises €5m to boost biodiversity with tech-enabled beehives
Italian startup 3Bee has raised €5m in series A funding to expand its tech-enabled beehive business and strengthen its efforts to tackle biodiversity loss.
European Union
EU agrees details of carbon border adjustment mechanism (CBAM)
MEPs reached a provisional agreement with the European Council on the basic outline of its tariff plan for carbon intensive industries. The hope is that the carbon border adjustment mechanism (CBAM) will address the problem of carbon leakage and raise global climate ambition.
EU agrees new rules to make aviation sector ‘Fit for 55’
Revised EU Emissions Trading System (EU ETS) rules to include the aviation sector can help the bloc reach its ‘Fit for 55’ emissions reduction goal by 2030. The industry has been ineffective in taking action on its own to reduce emissions, which can justify resorting to the 'polluter' pays principle.
Global Canopy guides private wealth on deforestation free portfolios
Given the role of philanthropy in climate finance, its interesting to see Global Canopy launch of new guidance for family offices and foundations to help them ensure deforestation-free portfolios.
EU Parliament calls for united exit from the Energy Charter Treaty
The European Parliament is calling on the European Commission to initiate the coordinated withdrawal of all Member States from the Energy Charter Treaty (ECT).
ESAs launch joint Call for Evidence on greenwash
The three European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) today published a Call for Evidence on greenwashing.
Germany grants Salzgitter €1bn for green steel
A €1 billion grant from the German state to Salzgitter (FRA:SZG) under the climate, energy and environmental aid guidelines (CEEAG) is another signal of the EU’s commitment to hydrogen.
Apex Group helps clients with EU Taxonomy ahead of increased reporting requirements
Apex Group, a global financial services provider with a leading ESG practice, has launched an EU Taxonomy solution to guide clients through the alignment process with SFDR and NFRD.
EU to stamp down on Single-Use Plastics Directive
The EU Commission is threatening legal action against 11 Member States who have not transposed the Single-Use Plastics Directive indicating a clamp down on lack of action to tackle the plastics crisis.
EU to allow biomass for RED goals
The European Parliament has voted to allow the continued use of biomass (particularly woody biomass) as a renewable energy source. It has however put a cap on the amount of primary woody biomass that can be counted towards inclusion under the Renewable Energy Directive (RED).