Tata Power has launched the Energy Insights & Innovation Lab (EIIL) at its Mumbai based headquarters. This strategic research initiative is designed to harness cutting-edge research, data and experimentation to support India's clean energy transition while improving the quality, reliability and affordability of electricity services for consumers across India.
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FFI Solutions and Rho Impact scale climate-positive investing
FFI Solutions and Rho Impact have announced a strategic partnership to help institutional investors systematically assess avoided emissions across their portfolios. FFI Solutions, an independent climate research, analytics and advisory firm, will integrate Rho Impact’s Koi platform as its primary technology partner for avoided emissions assessment. Rho Impact is an innovator in climate impact forecasting and advanced data solutions.
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ZeroAvia completes financing to industrialise electric propulsion system
ZeroAvia has completed a further round of financing, led by Barclays Climate Ventures, Breakthrough Energy Ventures, Ecosystem Integrity Fund, Horizons Ventures, Summa Equity and AP Ventures, with participation from the National Wealth Fund and the Scottish National Investment Bank. With additional investment secured, ZeroAvia has extended its cash runway for the next two years and will continue to fully industrialize its hydrogen power and propulsion technology for the aviation market.
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Beko secures €100m sustainability-linked loan from IFC
Beko, the global home appliance company, has signed a €100m sustainability-linked loan with IFC, a member of the World Bank Group. Marking Beko's first sustainability-linked loan, the agreement reinforces the company's commitment to integrating sustainability across its value chain and driving innovation in energy-efficient technologies.
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Bank of America commits $10m to those impacted by LA wildfires
As Los Angeles continues its efforts to rebuild, Bank of America is announcing $10m in zero-interest loans to Community Development Financial Institutions (CDFI) for ongoing housing, non profit facilities and small business assistance. The loans will be managed through three west coast CDFIs involved in the region’s disaster recovery efforts following the devastating Eaton and Palisades fires.
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Matrix Renewables signs agreement with Tesla for battery project
Matrix Renewables has signed a Full EPC (Engineering, Procurement, and Construction) agreement with Tesla for the design, construction, and commissioning of a 500MW/2-hour (1GWh) standalone battery energy storage system (BESS) located in Eccles, Scotland. This will be the first standalone BESS project for the company in the UK.
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2026 temperature likely to be 1.4°C above pre-industrial average
The Met Office has forecasted the temperature for next year to be 1.46°C above the pre-industrial average (1850-1900). The last three years have all exceeded 1.4°C, and 2026 will be the fourth year in succession to do this. The average global temperature for 2026 is forecast to be between 1.34°C and 1.58°C (with a central estimate of 1.46°C) above the average for the pre-industrial period.
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Deal reached on updated EU sustainability reporting and due diligence
Legal Affairs Committee MEPs and the European Council have agreed to reduce sustainability reporting and due diligence requirements for companies, a proposal that forms part of the so-called Omnibus I package. According to the informal agreement, social and environmental reporting will only be required for EU companies employing on average over 1,000 employees and with a net annual turnover of over €450m. The net turnover threshold has also been increased for non-EU companies to €450m generated in the EU for sustainability reporting.
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Political agreement reached on amendment to the EU Climate Law
Negotiators from the European Parliament and Council have reached a provisional political agreement on an amendment to the EU Climate Law, setting a new, intermediate and binding 2040 EU climate target of reducing net greenhouse gas (GHG) emissions by 90% compared to 1990 levels.
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ISSB issues targeted amendments to IFRS S2
The International Sustainability Standards Board (ISSB) has issued targeted amendments to greenhouse gas (GHG) emissions disclosure requirements in IFRS S2 Climate-related Disclosures in response to specific application challenges that were identified as companies started to apply the Standard.
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Analysis: humans are built for nature not modern life
Human biology evolved for a world of movement, nature, and short bursts of stress, not the constant pressure of modern life. Industrial environments overstimulate our stress systems and erode both health and reproduction. Analysis from the University of Zurich and Loughborough University says that evidence shows the toll of this mismatch.
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230+ organisations demand a moratorium on data centres
Members of Congress in the US have been targeted by more than 230 organisations demanding a national moratorium on the approval and construction of new data centres. The organisations represent millions of people in all 50 states. The letter is explicit in the environmental and social threats posed by unbridled data centre construction.
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M&S Launches RE:Spark to ignite renewables adoption
M&S has announced the launch of RE:Spark, a new supply chain decarbonisation programme developed in partnership with Schneider Electric, a global energy technology leader. The initiative has been designed to accelerate the adoption of renewable electricity across M&S’s global fashion supply chain and is a key part of the retailer’s sustainability strategy, Plan A, which aims to achieve net zero emissions across its value chain by 2040.
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MEPs back simplification changes to sustainability reporting
The EU Parliament has endorsed reduced reporting duties and due diligence requirements for companies. With 382 votes in favour, 249 against and with 13 abstentions, Parliament has adopted its negotiating position on simplified sustainability reporting and due diligence duties for businesses.
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Stiell: climate finance is not charity – it’s smart economics
UN Climate Change Executive Secretary Simon Stiell said at COP30 in Belém, Brazil, that climate action, underpinned by climate finance, is the growth story of the 21st century. “As you prepare for your next phase of Article 9.5 work, I urge you to make the outcomes as clear and actionable as possible – so that they offer real forward visibility to developing countries, and demonstrate tangible progress on the delivery of finance,” he said to his audience.