Renewable PPA prices continue to rise — and may do so through 2030, say LevelTen, Ascend analysts

Project delays, tariffs and a new round of supply shortages pushed renewable energy prices higher in the third quarter of 2024.

By Emma Penrod • Oct. 23, 2024

COP29 president reveals final text of nine climate-focused pledges, declarations

Azerbaijan’s Mukhtar Babayev said the documents serve as “vital tools to drive progress on climate action” and will complement the official negotiation process at the annual UN summit.

By Zoya Mirza • Oct. 22, 2024

Explore the Trendline➔

The state of the clean energy transition in 2024

This year saw a large volume of initiatives and investments from corporations focused on the clean energy transition — alongside a handful of reversions on carbon reduction goals.

By ESG Dive staff

JPMorgan hires NOAA climate scientist to lead climate advisory practice

Sarah Kapnick rejoins the bank after a stint as the National Oceanic and Atmospheric Administration’s presidentially-appointed top scientist.

By Lamar Johnson • Oct. 22, 2024

Many middle market firms in ESG ‘wait and see’ mode, RSM says

While 75% of mid-sized companies have begun preparing for new climate-related regulations, 84% of respondents said they are monitoring developments before taking further action.

By Chris Gaetano • Oct. 22, 2024

Supreme Court rejects calls to put a hold on EPA power plant carbon rule

Utilities asking the court to stay the rule included American Electric Power, Duke Energy, MidAmerican Energy, PacifiCorp and Southern Co.

By Ethan Howland • Oct. 21, 2024

Climate Week NYC 2024: a retrospective on major announcements, deals

This year’s iteration of the event spanned across 600 events in the city, congregating business leaders, key decision makers and heads of government from all over the world.

By Zoya Mirza , Lamar Johnson • Oct. 21, 2024

NFL stadiums face $11 billion climate risk price tag by 2050: report

The risk would extend past Sunday kickoffs, as stadium venues are local economic hubs and often receive taxpayer funding for development.

By Lamar Johnson • Oct. 18, 2024

CalSTRS taps Ninety One to manage $150M sustainability mandate

The California State Teachers’ Retirement System is appointing the investment firm’s decarbonization-focused Global Environment Strategy to oversee the mandate.

By Zoya Mirza • Oct. 17, 2024

IBM acquires Prescinto to bolster renewable energy asset management capabilities

The acquisition is not just a tactical one, but plays into the company’s broader plan to expand its energy and utilities expertise, IBM’s VP of ESG and asset management product leader said.

By Lamar Johnson • Oct. 17, 2024

Sustainable materials firm Modern Meadow names new CEO

David Williamson will take on the top spot after previously serving as president and COO.

By Laurel Deppen • Oct. 17, 2024

Meta joins DOE initiative, pledges $35M for carbon removal projects

The tech conglomerate said the funding is a “direct response” to the Department of Energy’s carbon removal purchase program launched earlier this year.

By Zoya Mirza • Oct. 16, 2024

JPMorgan Chase, Capital One commit $260M to Arizona solar project

The tax equity financing deal for BrightNight’s Box Canyon project is structured to give the banks access to production tax credits.

By Lamar Johnson • Oct. 16, 2024

Real estate firm CBRE acquires NRG Energy’s renewable advisory group

The deal will bolster its ability to help clients integrate renewable energy across their real estate portfolios and facilitate clean power deals, CBRE says.

By Joe Burns • Oct. 16, 2024

CFTC issues final voluntary carbon market guidance

The final guidance includes standards to ensure carbon credits are not subject to manipulation and have their contract terms monitored.

By Lamar Johnson • Oct. 15, 2024

DOE allocates $43M+ to advance industrial decarbonization technologies

The projects selected for the funding are expected to have implications for operators of industrial and commercial buildings, a U.S. Department of Energy official says.

By Nish Amarnath • Oct. 15, 2024

ExxonMobil, Texas ink deal for nation’s largest offshore CO2 storage site

The deal will allow the energy giant access to more than 270,000 acres of submerged land to store carbon dioxide under the surface of the Gulf of Mexico.

By Lamar Johnson • Oct. 14, 2024

Big Oil loses bid to dismiss California greenwashing lawsuits

The Superior Court of San Francisco County denied a motion filed by major oil producers to dismiss climate-related suits filed in California based on the court lacking “personal jurisdiction.”

By Zoya Mirza • Oct. 14, 2024

Amazon announces trio of climate fund investments for e-waste, low-carbon construction

The tech giant’s climate pledge fund participated in funding rounds for startups it believes will accelerate its path to net-zero by 2040.

By Lamar Johnson • Oct. 11, 2024

CEOs from Ikea, Nestlé, H&M, others rally for climate action ahead of COP29

The letter, signed by senior executives from over 100 corporations, calls on governments and businesses to collaborate to address challenges related to climate risk mitigation.

By Zoya Mirza • Oct. 11, 2024

Gas utility faces climate deception lawsuit by Oregon county

It's the first time a U.S. community has sued a gas utility for allegedly deceiving the public about the climate impacts of fossil fuels, advocates say.

By Ysabelle Kempe • Oct. 11, 2024

Greenwashing cases fall for first time in 6 years, but high-severity filings surge: report

“There's certainly a global undercurrent of ‘greenhushing,’ so companies are being more cautious about how they communicate,” RepRisk’s chief commercial officer said.

By Lamar Johnson • Oct. 10, 2024

Uber rolls out climate-focused features, updates to drive sustainability progress

The ride-share giant’s expanded green product suite will allow users to hail more electric vehicles and track the amount of emissions they avoid by choosing sustainable transport options.

By Zoya Mirza • Oct. 10, 2024

4 ways tech can help CFOs navigate a tricky ESG landscape

This year has marked the beginning of a groundswell of enhanced, regulated reporting on sustainability and climate data, writes Persefoni’s Emily Pierce.

By Emily Pierce • Oct. 10, 2024

US energy transition path currently in line with 2.6 degrees Celsius temperature rise: BNEF

The nation is currently on track to cut just 22% of its carbon emissions by 2030, compared to the 50% needed to reach its Paris Agreement goals.

By Lamar Johnson • Oct. 9, 2024

Starbucks buys more innovation farms to create climate-proof coffee

Farmers in Costa Rica and Guatemala will test drones and hybrid crop varieties as the coffee company aims to address some of the region’s most pressing climate challenges.

By Sarah Zimmerman • Oct. 9, 2024