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EU Grants €128 Million to SSAB for Decarbonizing Steel Production Using Electric Arc Furnaces

EU approves €128M grant for SSAB to decarbonize steel production, transitioning to fossil-free electric arc furnaces, boosting low-carbon steel supply and supporting the European Green Deal.

Southwest Airlines Signs Major Sustainable Aviation Fuel Agreement with Valero

Southwest Airlines has signed a landmark supply agreement with Valero Energy for up to 25 million gallons of sustainable aviation fuel at Chicago Midway Airport, advancing its climate goals.

Google Signs Landmark Deal to Power AI Operations with Nuclear Energy

Google has partnered with Kairos Power to use small modular nuclear reactors for AI energy needs, aiming for sustainable operations and reduced carbon footprint. This marks a shift in tech energy sourcing.

Pioneering CO2 Storage: Total Energies, Shell, and Equinor Launch World's First Commercial Carbon Capture Project in Norway

The Northern Lights joint venture, a collaboration between TotalEnergies, Shell, and Equinor, has completed the world’s first commercial CO2 transportation and storage project in Norway. This landmark project is designed to capture and store carbon emissions from hard-to-abate industries across Europe, marking a significant advancement in global decarbonization efforts. Launched in late 2020 as part of Norway's Longship carbon capture and storage (CCS) initiative, Northern Lights includes a terminal for receiving liquid CO2, a 100 km subsea pipeline, and storage facilities located 2,600 meters below the seabed. The first phase of the project can transport and store 1.5 million tons of CO2 annually, with plans to expand capacity to over 5 million tons per year. The project's first CO2 injection is expected in 2025. This milestone, supported by the Norwegian government, establishes a critical CCS value chain for reducing industrial emissions in line with the Paris Agreement targets.

Climate Change Impacting 75% of Farmers Globally: Survey Highlights Need for Innovation

The 2024 Farmer Voice survey, conducted by Kynetec for Bayer, reveals that 75% of farmers globally are experiencing the effects of climate change or are concerned about its future impact. Key challenges include reduced crop yields, pest attacks, and financial losses due to extreme weather events. In India, 41% of farmers cite pest attacks as their primary issue, while rising costs of crop protection chemicals and labour shortages add further stress. Despite these hurdles, 80% of Indian farmers are willing to adopt new technologies, though high costs pose barriers. Regenerative agriculture is also gaining traction, with 80% of Indian farmers employing soil-health-focused practices, though awareness of the term remains limited. The survey underscores the need for increased innovation and collaboration between farmers, businesses, and society to build resilient, sustainable farming systems that can withstand the growing impacts of climate change.

BlackRock, Microsoft, and GIP Unite to Launch $100 Billion Investment Fund for AI, Energy Infrastructure, and Sustainability

BlackRock, Microsoft, and GIP have formed a partnership to raise $100 billion for investments in AI, energy infrastructure, and sustainability, aiming to drive transformative change.

Vanguard Reports 24% of Investors Opt for ESG Policies in Proxy Choice Pilot

Vanguard's proxy choice pilot reveals 24% of investors favor ESG policies, highlighting a growing commitment to sustainable investing among retail participants.

Euronext Unveils ESG Tools and Reports to Drive Sustainable Finance Forward

Brookfield commits up to $1.1 billion in funding to Infinium to accelerate the production of sustainable fuels at scale.

ESG Data & Solutions Unveils AI-Powered Platform ESGSure to Streamline ESG Research

Bain & Company Reveals CEOs' Focus on Sustainability Diminishes as AI and Inflation Become Top Priorities

Google Utilizes AI to Combat Urban Heat, Pinpointing Vulnerable Areas for Focused Cooling Solutions