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Raiffeisen and ÖAMTC Launch Sustainable E-Mobility Partnership in Upper Austria
Raiffeisen Upper Austria and ÖAMTC Upper Austria have launched a mobility partnership to promote e-mobility using renewable energy. Members of newly established energy communities can charge electric vehicles with locally produced green electricity at reduced rates at ÖAMTC charging stations. This initiative aims to enhance sustainable mobility and strengthen regional energy communities.
Elon Musk's xAI faces scrutiny over mobile gas turbines in Memphis
xAI is rapidly deploying mobile gas turbines at its Memphis data center to meet unprecedented energy demands, despite lacking necessary permits. This approach raises environmental concerns, as the area is already burdened by pollution from nearby industrial sites. The Shelby County Health Department has not set a timeline for permit approval, and emissions from the turbines could classify the site as a "major source" of pollution under the Clean Air Act.
Saudi Arabia launches 266 million dollar initiative to enhance green investment
Saudi Arabia has launched a $266.6 million environmental financing initiative in collaboration with Riyad Bank to enhance private sector investment in sustainable projects. This initiative, announced by the Minister of Environment, aims to accelerate eco-friendly development and support the Kingdom's Vision 2030 goals.A new digital platform for the Incentives and Grants Program will facilitate funding access and promote innovative financing for high-impact environmental initiatives, benefiting SMEs, corporations, research centers, and non-profits while fostering compliance and environmental responsibility across industries.
Saudi Arabia launches 266 million dollar initiative for eco-friendly projects
Saudi Arabia has launched a $266 million environmental financing initiative, supported by Riyad Bank, to boost private sector involvement in sustainable projects. The program, introduced by the Minister of Environment, aims to enhance environmental infrastructure and promote eco-friendly practices through a new digital platform for grants and incentives. This initiative aligns with the Kingdom's Vision 2030 goals, focusing on environmental sustainability and quality of life improvement.
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.
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.
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. This partnership underscores the commitment to advancing decarbonization efforts and establishing a net-zero economy.