Climate & environment

The Fossil Fuel Non-Proliferation Treaty is calling for a global pledge to phase out coal, gas and oil from existing production, and wants governments to make a commitment to do so at COP28.

The UK-based non-profit has launched a guide on using catalytic capital to create a fairer path to net zero. It is calling for over half of investment in climate-focused funds over the next five years to adopt a just transition approach.

With the climate crisis noticeably worsening, impact investors have high expectations, but plenty of concerns as well. Many are calling for more accountability at COP28.

Sharp declines in venture capital flows to impact startups impede progress towards the UN Sustainable Development Goals, and there is little sign of a pick-up in the near-term. 

The Dutch bank reportedly violated its own ‘zero-tolerance’ policy towards deforestation. Extensive data research conducted by FD in collaboration with NGO Repórter Brasil shows Rabobank’s involvement with illegal deforesters.

The close underscores the firm’s commitment to contributing to the UN Sustainable Development Goals. The fund will target four key investment themes: climate action, sustainable living, lifelong learning and inclusive growth.

Nanogence, a Swiss building material innovation company, has received capital commitments from investors, including the UK’s Planet First Partners, CirCap, and the EIC Fund.

The fund will invest in countries where conditions for the development of green hydrogen projects and associated infrastructure are good, aiming to bridge the bankability gap and boost local economies.

Finnish engineering company Coolbrook Oy has been granted loan financing by Nefco to launch a ‘game-changing’ technology which may slash industrial carbon emissions by 30%

The company, which has just completed a second year of planting at one of its first projects in Sierra Leone, aims to generate high-quality carbon credits to help large buyers meet their net-zero commitments.