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Morgan Stanley Raises $750 Million for Climate-Focused Private Equity Fund

Morgan Stanley Investment Management (MSIM) has closed its 1GT climate solutions private equity fund, raising $750 million. Launched in November 2022, the fund targets decarbonization by supporting companies focused on reducing global carbon emissions. Its goal is to eliminate 1 gigaton of CO2 emissions by 2050, with investments in sectors like mobility, power, agriculture, and the circular economy. 1GT is classified as Article 9 under the EU’s SFDR regulation, and half of the team’s compensation is tied to achieving its emissions reduction target. The fund aims to deliver both financial returns and measurable climate impact.

Microsoft Expands Carbon Removal Efforts with UNDO's Enhanced Rock Weathering

Microsoft has strengthened its commitment to carbon removal by partnering with UNDO, a company specializing in enhanced rock weathering (ERW), to remove 15,000 tonnes of CO2. This deal builds on a 2023 agreement between the two organizations, which removed 5,000 tonnes of CO2 by spreading crushed basalt on UK agricultural land. Under the new arrangement, UNDO will spread 65,000 tonnes of crushed basalt and wollastonite across farmland in the UK and Canada, facilitating CO2 absorption through natural soil and plant processes. Alongside carbon capture, the project aims to improve soil quality and fund crucial research on ERW’s scalability, focusing on measurement, reporting, and verification (MRV). Microsoft, committed to being carbon-negative by 2030, views this partnership as a key part of its broader strategy, which includes diverse carbon removal technologies like direct air capture and biochar. UNDO’s innovative approach offers significant potential for scalable and permanent carbon removal solutions.

Standard Chartered and SEB Launch Carbon Credit Initiative for Early-Stage Carbon Removal Projects

Standard Chartered and SEB partner to offer clients carbon credits from early-stage carbon removal projects, supporting sustainable finance and climate action.

Indian Corporations and Financial Giants Commit $386 Billion to Green Energy Goals

Reliance, Adani, and major financial firms pledge $386 billion to help India reach 500 GW of clean energy by 2030, marking a major step in the country’s renewable energy transition.

Bank of China Launches $400 Million Green Bond on Nasdaq Dubai: A New Milestone in Sustainable Finance

Bank of China lists a $400M green bond on Nasdaq Dubai, marking a key step in sustainable finance and showcasing Dubai's role in global green investment.

Robeco Launches New High Income Green Bonds Strategy

Robeco launches High Income Green Bonds strategy, offering investors high-yield returns from global green bonds while supporting environmental projects and decarbonization efforts.

TPI State of Transition Report: 30% of Major Corporate Emitters Have Long-term (2050) Climate Targets Aligned with 1.5°C

Morgan Stanley abandons its plastic pollution financing target

Bank of America Finalizes Groundbreaking $205M Tax Credit Agreement for Carbon Capture with Harvestone

Volvo Launches Heavy-Duty Electric Truck with a 600 km Range

Wells Fargo Commits $500 Billion to Sustainable Financing by 2030 to Support Net Zero Transition

$151M Green Fund to Boost Climate Resilience in the Horn of Africa