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Mercedes F1 Team Achieves Major Carbon Footprint Reductions with Biofuels

Mercedes-AMG PETRONAS F1 Team powered its 2024 European season using HVO100 biofuel, achieving 98% coverage and reducing carbon emissions by over 500 tonnes, setting a sustainability benchmark.

ESG Book and Zfolio Join Forces to Enhance Financed Emissions Calculation

ESG Book has partnered with Zfolio to streamline financed emissions calculations for financial institutions. This collaboration combines ESG Book’s extensive sustainability data with Zfolio’s platform, enhancing automation and accuracy in emissions assessments.

The Rise of Greenhushing: Why Companies Stay Silent on Sustainability

Greenhushing is when companies deliberately withhold information about their sustainability efforts, even if they have achieved carbon neutrality or made significant environmental progress. This trend is driven by fear of legal repercussions, consumer misconceptions about green products, and concerns about public scrutiny or greenwashing accusations. While these companies take meaningful actions toward sustainability, they choose not to advertise them, often to avoid negative perceptions or backlash. Greenhushing is increasing across industries, potentially slowing the spread of environmental solutions and reducing the visibility of corporate climate action.

Utility Global Raises $53M to Decarbonize Industry with Electricity-Free Hydrogen Technology

Utility Global, a clean fuel startup, has raised $53 million in a Series C funding round to commercialize its innovative eXERO technology, which converts industrial off-gases into clean hydrogen without the use of electricity. This breakthrough is aimed at helping decarbonize hard-to-abate industries like steel, where renewable energy capacity is limited. The technology leverages the energy within waste gases, offering a cost-effective and scalable alternative to traditional carbon-intensive methods. The funding round was led by the OPG Pension Plan, alongside investors such as ArcelorMittal’s XCarb Innovation Fund, Ara Partners, and Aramco Ventures. The new capital will accelerate eXERO’s commercialization, with plans to deploy the first commercial units by 2026. Utility Global’s recent success includes a demonstration at a steel facility, producing hydrogen from blast furnace off-gases. The company has also partnered with ArcelorMittal to develop commercial facilities at its steel plants, pushing forward industrial decarbonization efforts.

Schneider Electric Launches Innovative Building Decarbonization Calculator for Energy Efficiency and Emissions Reduction

Schneider Electric has launched its Building Decarbonization Calculator, a digital tool aimed at helping building owners and operators reduce energy consumption and carbon emissions. The tool enables users to explore energy and carbon conservation measures (ECCMs), with recommendations tailored to comply with global decarbonization regulations, such as New York City’s Local Law 97 and the European Union’s net-zero carbon requirements by 2030. Built on data from 500,000 building performance models, the system prioritizes retrofit plans based on both carbon impact and financial return on investment (ROI), making it easier to plan for energy savings and regulatory compliance. A case study in Boston demonstrated potential energy savings of $3.7 million and $1 million in avoided fines, with a seven-year ROI. Developed in partnership with JLL and C.scale, the calculator supports sectors like retail, hospitality, and healthcare, offering scalable, customized decarbonization pathways.

Siemens Unveils Innovative Building Decarbonization Solution

Siemens launches a new Building Decarbonization Solution to help reduce emissions and energy costs, enabling smarter, sustainable buildings for a low-carbon future.

SBTi Enhances Corporate Net-Zero Standard to Refine Emission Neutralization

The SBTi has updated its corporate net-zero standard, emphasizing genuine emissions reductions over offsetting, and enhancing transparency and accountability for companies' climate actions.

EU Energy Report: GHG Emissions Down 32.55% Since 1990, While Economy Grew by 67%

Google Announces Groundbreaking Carbon Removal Deal with Holocene, Achieving Record-Low Cost of $100 per Ton

73% of UK Organisations Prioritise Net Zero, But Over Half Face Barriers, Reveals 2024 UK Net Zero Census Report

Abu Dhabi DoE Unveils Youth Education Initiatives to Advance UAE’s 2050 Net-Zero Targets

Morgan Stanley Report: Data Centers to Release 2.5 Billion Tons of CO2 by 2030, Increasing Demand for Decarbonization Solutions