Read the full story at Recycling Today.
The American Beverage Association and the Ohio Beverage Association, in partnership with Closed Loop Partners, are investing $5 million toward Evergreen’s $22 million expansion of its polyethylene terephthalate (PET) recycling plant in Clyde, Ohio. Half of the $5 million investment is from the American Beverage Association in partnership with Closed Loop Partners through the beverage industry’s Every Bottle Back initiative, and the other half from Closed Loop Partners’ Infrastructure Fund.
Earlier this year, Evergreen announced its plans to double production capacity at its plant to 80 million pounds of recycled PET (rPET) annually by 2022.
Read the full story in Inc.
As wildfires rage and governments embrace the need to combat climate change, more founders in the space are finally securing deals.
Read the full story in The Hill.
Climate change is posing a bigger risk to bank balance sheets than the subprime mortgage crisis that contributed to the Great Recession, according to the co-author of a new study on the vulnerability of commercial loans.
The study, conducted by the sustainability nonprofit Ceres and released last week, found that up to 10 percent of the value of U.S. commercial loans at leading banks is at risk of being wiped out by the effects of floods, fires, extreme heat and hurricanes.
Read the full story at ESG Today.
Harvard University’s $42 billion endowment fund manager is moving to complete its exit from fossil fuel companies, according to a statement by Harvard President Lawrence Bacow outlining the university’s action on addressing climate change.
Read the full story in the New York Times.
The climate crisis is at high risk of becoming an economic crisis.
That is an increasingly widespread view among leading economic thinkers — that a range of economic and financial problems could result from a warming planet and humanity’s efforts to deal with it. But if you believe that to be true, what should the United States’ economist-in-chief do about it?
Read the full story at e360.
From the Bank of England to the People’s Bank of China, monetary authorities of the world’s largest economies are gauging how climate change could rock the financial system. Though long committed to being “market neutral,” some are even starting to push greener investments.
Read the full story at Fast Company.
The company, which offers services like buying offsets when you buy gas and using the money from rounded-up purchases to plant trees, will be valued at $2.3 billion.
Read the full story at GreenBiz.
How can professionals who devote their lives to sustaining real places connect in virtual space? Judging from the 2021 Conservation Finance Boot Camp, pretty intensely. Digital again for the first time, the 2021 Conservation Finance Boot Camp drew over 120 professionals from at least six time zones to learn proven techniques for raising capital to preserve natural habitat. The main lessons took in conservation’s rising importance in global capital investment and local projects’ increasingly definable best practices. The world depends on biodiversity, and on-the-ground projects are evolving fast in their own right.
Read the full story at GreenBiz.
Lloyd’s of London has announced it will expand its insurance coverage to better support the “greener energy sector” and create new insurance products for electric vehicles (EVs), as part of an effort to drive progress towards a more sustainable economy.
Read the full story in the Irish Times.
To adequately respond to an issue such as climate change it is crucial to monitor the authenticity of green claims made by organisations.