Smart Energy Decisions News

Temasek and BlackRock, Inc. announced April 12 the establishment of a partnership called Decarbonization Partners, which will launch a series of late-stage venture capital and early growth private equity investment funds focused on advancing decarbonization solutions to accelerate global efforts to achieve a net zero economy by 2050.

Ranpak Holdings Corp, an Ohio-based paper and recycling packaging solutions company, committed to reducing absolute Scope 1 and 2 GHG emissions by at least 46% by 2030, which is in line with the global reductions necessary to keep global warming to 1.5°C from pre-industrial levels. The company announced the target with the release of its 2020 ESG Impact Report.

Semiconductor company Analog Devices, Inc. (ADI) announced on April 12 new commitments that advance the company’s climate strategy, including pledging to achieve carbon neutrality by 2030 and net zero emissions by 2050.

Rhode Island governor Daniel McKee signed a bill into law on April 10 that requires the state to reach net-zero greenhouse gas emissions by 2050.

Mayor Frank G. Jackson announced his commitment to combating climate change by transitioning Cleveland to powering itself with 100% clean and renewable energy sources by 2050. This update to the city’s 2018 Cleveland Climate Action Plan (CAP), features a goal to reduce greenhouse gas (GHG) emissions by 80% over a 2010 baseline by 2050.

It's the weekend! Kick back and catch up with these must-read articles from around the web.

Honeywell announced on April 8 its commitment to become carbon neutral in its operations and facilities by 2035. This target represents a continuation of the company’s sustainability efforts, which have already led to a reduction in GHG intensity from operations and facilities of more than 90%.

BlackRock Real Assets reported a $4.8 billion final close of its Global Renewable Power Fund III with commitments from more than 100 institutional investors and significantly exceeding its initial target. The fund invests in global climate infrastructure assets, primarily in renewable power generation, across the Americas, Europe, and Asia.

A team of faculty and student researchers from UMass Lowell’s Department of Mechanical Engineering used a drone to identify and prioritize cost-saving repairs and energy-efficiency projects on campus.