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Microsoft climate fund invests $50M in LanzaJet alcohol-to-jet SAF plant

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LanzaJet, a sustainable fuels technology company and renewable fuels producer, has secured financing for its Freedom Pines Fuels plant in Soperton, Georgia ( earlier post ), through the Microsoft Climate Innovation Fund. LanzaJet produces SAF and renewable diesel from low-carbon, sustainable ethanol sources.

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130 banks holding US$47 trillion in assets commit to climate action and sustainability; 1/3 of global banking sector

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In the Principles, launched one day ahead of the UN Climate Action Summit in New York, banks commit to align their business strategically with the goals of the Paris Agreement on Climate Change and the Sustainable Development Goals, and scale up their contribution to the achievement of both.

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Volvo Cars successfully places first green bond, raises €500M

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A green bond is a type of fixed-income instrument that is specifically earmarked to raise money for climate and environmental projects. The proceeds of the bond will be used to fund the design, development and manufacturing of fully electric cars in line with the company’s recently established Green Finance Framework.

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California Governor signs two bills to strengthen emission standard for trucks; Executive Order leverages $700B portfolio to strengthen climate resiliency

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As the state transitions to a carbon-neutral economy, and as other states and countries increasingly adopt ambitious climate policy, the state’s investments must align with the reality of this major market shift.

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BloombergNEF: clean energy investment in developing nations slumps as financing in China slows; coal burn surges to record high

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Overall, declining costs for solar and wind played a considerable factor in the fall in absolute dollar investment in emerging economies. The Climatescope results come just ahead of next month’s United Nations-supported climate negotiations in Madrid. This year’s Climatescope headline results are undeniably disappointing.

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Zambia Proposes Removing Customs Duty on Battery-Electric Vehicles & Charging Systems

CleanTechnica EVs

Dr. Situmbeko Musokotwane, Zambia’s Minister of Finance and National Planning, announced that, “… to continue promoting the usage of clean energy as well as supporting the green economy and climate change mitigation, I propose the following measures: a) Remove customs duty on […] Here is some good news from Zambia.

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Government of Canada releases framework for ending fossil fuel subsidies

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The Government of Canada’s commitment to eliminating inefficient fossil fuel subsidies signals both greater support for clean technology as well as emission reductions across the economy from traditional sectors. Canada is also committed to phasing out public financing of the fossil fuel sector.

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