ubs lowers montauk renewables price target to three dollars maintains neutral rating

UBS has reduced its price target for Montauk Renewables to $3 from $6.25 while maintaining a neutral rating. The company focuses on producing renewable natural gas and electricity from biogas, with 89.5% of net sales coming from renewable natural gas production, totaling 152.7 billion m³ in 2023. Montauk operates 12 production sites in the U.S. with a combined capacity of 33,850 MW, alongside 4 sites for biogas electricity generation, contributing 10.5% of sales with 194 MWh produced.

gems education launches largest school solar project in uae with positive zero

GEMS Education has partnered with Positive Zero to implement the UAE's largest school solar project, installing systems across 23 Dubai schools with a capacity of nearly 12.7 MWp. This initiative will generate 21.25 GWh of electricity annually, significantly reducing carbon emissions by 14,276 metric tonnes, equivalent to removing 3,300 cars from the road. The project aligns with the UAE’s Net Zero 2050 Strategy and enhances GEMS Education’s sustainability efforts, including climate literacy in its curriculum.

green bonds drive significant emissions reductions in high-polluting industries

Companies issuing green bonds are significantly reducing their greenhouse gas emissions, particularly in high-polluting sectors, according to a study by the Bank for International Settlements. On average, emissions fell by over 10% within four years, with emissions intensity dropping by 30%. The analysis highlights that heavy emitters are especially likely to cut emissions post-issuance, supporting global net zero goals.

Ucaneo secures funding to advance direct air capture technology in Germany

Ucaneo has secured funding from Aramco Ventures, enhancing its position in the Direct Air Capture (DAC) sector following a €6.75 million Seed round. The investment will accelerate the development of Germany’s largest DAC demonstration plant, set for commissioning in 2026, while Ucaneo's innovative technology aims to achieve cost-effective CO₂ removal using renewable energy sources. This partnership underscores the commitment to advancing decarbonization efforts and establishing a net-zero economy.

equator vc launches 55 million fund to support climate tech in africa

Equator VC has successfully closed its inaugural $55 million climate-tech fund aimed at supporting Seed and Series A-stage ventures in Sub-Saharan Africa, focusing on energy, agriculture, and mobility. Key investors include British International Investment, International Finance Corporation, and the Global Energy Alliance for People and Planet. The firm aims to accelerate an equitable climate transition by providing essential capital and support to innovative tech-driven companies addressing local sustainability challenges.

seax ventures launches six million dollar fund for zero carbon innovations

SeaX Ventures has launched SeaX Zero, a $6 million fund aimed at financing zero-carbon innovations. The fund will invest between $100,000 and $500,000 in 15 to 20 startups focused on reducing carbon emissions, with plans to complete investments by the end of 2025. Notable investments include Hoxton Farms, Type One Energy, Active Surfaces, and Bluu Seafood, reflecting SeaX's commitment to sustainability through deep tech innovations.

cascading extreme weather events cause billions in global damages

Cascading extreme weather events are causing unprecedented damages worldwide, amounting to billions of dollars. The increasing frequency and intensity of these events highlight the urgent need for global action to address climate change and its impacts on communities and economies.

Oman invests in sustainable biopolymers company Tidal Vision for eco-friendly materials

Oman is set to invest in Tidal Vision, a US-based biopolymers company founded in 2014. Specializing in converting renewable resources into sustainable materials, Tidal Vision produces chitosan, a biodegradable biopolymer from crustacean shells, using a zero-waste extraction process. The company emphasizes sustainability by repurposing fishing industry byproducts, thereby supporting the circular economy.

Middle East renewable energy sector poised for rapid growth by 2027

The Middle East, spearheaded by the UAE, is poised for a 14% annual growth in renewable energy from 2025 to 2027, with the share of renewables rising from 5% to 7%. Solar photovoltaic (PV) is set to dominate this growth, increasing its contribution from 55% to nearly 70%. Additionally, nuclear power generation is expected to rise by 20% year-on-year in 2024, further diversifying the region's energy mix.

cosmo energy to launch japan's first sustainable aviation fuel production in april

Cosmo Energy Holdings will launch Japan's first sustainable aviation fuel (SAF) production in April, aiming to replace 10% of jet fuel with cleaner alternatives by 2030. The Sakai refinery will produce SAF from used cooking oil, targeting 30,000 kl annually, while also securing partnerships with major airlines. Despite challenges in cost and raw material sourcing, government subsidies are expected to support the initiative, which is part of a broader effort to meet Japan's estimated SAF demand of 1.7 million kl by 2030.
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