Finance

Wells Fargo changed its sustainability strategy and no longer seeks to reach net zero for financed emissions by 2050. The bank also announced it does not plan on achieving its 2030 interim financed emissions targets for various sectors, including the energy industry, according to a statement. 

BBVA plans to allocate €700 billion in sustainable business between 2025 to 2029.

Île-de-France Mobilités (IDFM), a public sector organization, issued a EUR 1bn European Green Bond.

The New York State Energy Research and Development Authority signed a purchase agreement for the full output of renewable energy certificates from Heritage Wind, located in Orleans County, New York.

Toyoda Gosei Co., Ltd.’s headquarters for the Americas, Toyoda Gosei North America Corp. (TGNA), signed a purchasing agreement for renewable energy certificates.

Using energy and building performance data to implement no-cost operational improvements and achieve utility cost savings, Louisville Metro Government (LMG) reduced building energy use and spending. In this column from Better Buildings, learn about LMG's focused effort on utility billing analysis, building audits, and building automation systems.

In this episode of Smart Energy Voices, Peter Kelly-Detwiler delves into the latest advancements and challenges in decarbonization and clean energy across the U.S. He highlights progress in geothermal energy, nuclear energy, and long-duration storage solutions while addressing efficiency hurdles. Kelly-Detwiler explores the rising energy demands of AI-driven data centers and their implications for power grids, alongside updates on electric vehicles, hydrogen projects, and virtual power plants as utilities shift toward decentralized capacity. He also examines the volatility of voluntary carbon markets due to credibility issues and stresses the need for collective effort and innovative strategies to tackle the complexities of decarbonizing our global economies.

With a Climate Action Plan that aims for an 80% reduction in emissions from city buildings by 2030 and net zero by 2035, the City of Boulder partnered with Ameresco to develop a Facilities Master Plan to improve building performance in terms of environmental sustainability, social responsibility, and financial stewardship. Explore this case study to see how this plan will help the city achieve its goals.

The City of Cambridge signed a virtual solar power purchase agreement (VPPA).

The European Commission earmarked €4.6 billion to boost net-zero technologies, electric vehicle battery cell manufacturing and renewable hydrogen under the Innovation Fund.