Vietnam National Carbon Registry, Nuclear for district heating, Liverpool FC to purchase DAC carbon credits & more
BNP Paribas - low carbon transition group; UK to support South Africa's wholesale electricity market transformation; Vietnam National Carbon Registry; Skyfora's AI-driven weather forecasts;
Fortum to support Steady Energy in the development of the LDR-50 reactor
(February 28)
Finland-based Fortum has partnered with Steady Energy to support the development of Steady Energy's district heating nuclear reactor, the LDR-50, using Apros modelling software. This collaboration aims to create a comprehensive digital twin for the reactor, facilitating comparison analyses for licensing in Finland and addressing technical issues related to the reactor's functionality. Fortum's Apros software, developed with VTT, is instrumental in this project, offering dynamic simulation capabilities for power plants. This partnership highlights Fortum's expertise in nuclear power plant modelling and Steady Energy's commitment to advancing nuclear technology in Finland.
Liverpool FC and 1PointFive Announce Product Collaboration for Merchandise using Direct Air Capture Technology
(October 28)
US-based 1PointFive and Liverpool Football Club (LFC) announced a collaboration to launch exclusive products for LFC supporters, with carbon footprints addressed through 1PointFive's Direct Air Capture technology. LFC will calculate emissions from manufacturing to distribution and purchase carbon dioxide removal credits from 1PointFive. This initiative is part of LFC's sustainability efforts under The Red Way, aiming to halve operational emissions by 2030 and achieve net zero by 2040. The collaboration will be launched at CERAWeek in Texas.
Singapore: Speech by SMS Janil Puthucheary at the Committee of Supply Debate 2025
(March 07)
Singapore's Infocomm Media Development Authority (IMDA) announced a $100 million investment to upgrade the Nationwide Broadband Network, increasing speeds significantly. The Green Data Centre Roadmap was launched to improve energy efficiency and sustainability in AI computing. Furthermore, the Energy Efficiency Grant was introduced to support data centres in upgrading to more efficient equipment. IMDA aimed for a balance between rapid digital infrastructure development and environmental sustainability.
Ministry of Digital Development and Information
UK Climate Envoy Rachel Kyte announces support for South Africa’s Wholesale Electricity Market reform and implementation
(March 07)
UK-based entities have announced support for South Africa's energy transition through the Just Energy Transition Partnership (JETP). The UK is providing over £330,000 to the Energy Council of South Africa for market reform analysis and interim transmission solutions. GuarantCo and British International Investment (BII) are offering $100 million in guarantee finance to unlock $500 million in renewable energy projects, adding 500MW to the grid and reducing CO2 emissions by 1.2 million tonnes annually. This initiative supports South Africa's transition to a lower carbon economy and job creation.
China to Develop Major Climate Change Projects
(March 05)
China has announced plans to develop a package of major projects aimed at responding to climate change. This initiative is part of the country's efforts to actively engage in and steer global environmental and climate governance in 2025. The announcement was made in a government work report submitted to the national legislature for deliberation. This move underscores China's commitment to addressing climate change on a global scale.
Vietnam to Develop National Carbon Registry
(March 06)
Viet Nam is seeking a National IT firm to develop a National Registry for Emission Allowances and Carbon Credits. This initiative is part of the project 'Supporting the Implementation of JETP and NDC in Viet Nam'. The IT vendor will collaborate with the UNDP, Department of Climate Change (DCC), and other experts to design, develop, and test the registry system.
Germany statement regarding the withdrawal of the United States from the Just Energy Transition Partnerships
(March 06)
The United States announced its withdrawal from the Just Energy Transition Partnerships (JETPs) with Indonesia, South Africa, and Viet Nam. Despite this, Development State Secretary Jochen Flasbarth expressed confidence in the continuation of the JETPs, highlighting the growth of these partnerships. In South Africa, the JETP has expanded beyond initial agreements, even without US involvement. The focus remains on mobilizing private investment and creating a conducive environment for renewable energy, which is now often cheaper than fossil fuels. The International Partners Group for South Africa includes the UK, Germany, the EU, France, Denmark, and the Netherlands.
A New Era for High-Integrity Cookstove Credits as Verra’s Methodology Is Approved by ICVCM
(March 07)
US-based Verra has received approval from the Integrity Council for the Voluntary Carbon Market (ICVCM) for its new cookstoves methodology under the Core Carbon Principles (CCPs) Assessment Framework. This approval marks a significant milestone for clean cooking projects and the voluntary carbon market, reinforcing the methodology's scientific rigor and credibility. The methodology, VM0050, is one of the first for clean cooking projects to meet ICVCM's high-integrity standards, ensuring real and measurable emissions reductions. This development aligns with efforts to strengthen confidence in the voluntary carbon market and its compatibility with international agreements like the Paris Agreement and CORSIA.
Launch of Capcotwo: A Carbon Offset Credit Platform
(March 07)
South Korea-based Lowcarbon has launched the innovative carbon offset credit platform "Capcotwo" during the "VCM (Voluntary Carbon Market) Business Briefing" held on March 6, 2025. The event was attended by over 300 experts and stakeholders, showcasing the platform's ability to trade carbon offset credits based on their proprietary Direct Air Capture (DAC) technology. The platform is set to officially launch online on March 17, 2025, and aims to provide a one-stop solution combining climate technology innovation and finance.
BNP Paribas, partner of major renewable energy projects around the world
(March 07)
BNP Paribas, a global player in financing the energy transition, has established the Low Carbon Transition Group to help clients transition to a low-carbon economy. The bank supported major renewable energy projects including the Moray West offshore wind farm in Scotland, which has an installed capacity of 882 MW. It also financed the SunZia project in the U.S., providing $11 billion for a wind farm and transmission line expected to serve 3 million people. The bank aims to commit €40 billion by 2030 to renewable energy projects, demonstrating its substantial support for energy transition initiatives.
DMCI Mining and NAC announce strategic collaboration for nickel processing plant study
(March 07)
Philippines-based DMCI Mining Corporation and Nickel Asia Corporation signed a Memorandum of Understanding on March 4, 2025, to assess the feasibility of a nickel processing plant. This collaboration aims to enhance the country’s nickel processing capabilities, create jobs, and promote sustainable mineral resource management. Over the next 2-3 years, they will explore suitable technology and secure a steady supply of nickel ore. Their efforts come amidst global oversupply concerns but are driven by the rising demand in electric vehicle and stainless-steel markets.
Philippine Nickel Industry Association
Prime Capital, RES and Norsk e-Fuel announce project
(February 13)
Sweden-based Norsk e-Fuel, in collaboration with Prime Capital and RES, announced the development of 'Project Alby' to produce sustainable aviation fuel (SAF) in Ã…nge, Sweden. The project aims to produce a minimum of 80,000 tons of e-Fuel annually, utilizing the Power-to-Liquid process to convert water into hydrogen and combine it with captured COâ‚‚ to create e-Kerosene. This initiative marks Norsk e-Fuel's expansion into Sweden, leveraging low electricity prices from renewable energy in the region. The project is supported by the European Union under the InvestEU Fund.
Orion S.A. signs supply agreement for tire pyrolysis oil with Contec S.A.
(October 20)
US-based Orion S.A. has signed a long-term supply agreement with Poland-based Contec S.A. to provide tire pyrolysis oil (TPO) for producing circular carbon black. This agreement allows Orion to diversify its TPO sources and produce large-scale volumes of circular carbon black for tire and rubber goods producers. Orion is the only company to make circular carbon black from 100% TPO, demonstrating its ability to replace virgin carbon black in various applications. Contec's CEO, Krzysztof Wróblewski, emphasized the partnership's role in advancing the circular economy.
Eramet Launches eraLow for Low CO2 Manganese Alloys
(October 10)
France-based Eramet has launched eraLow, a new brand for low CO2 manganese alloys, aimed at helping the steel industry decarbonize. eraLow products have a CO2 footprint below 1.9t CO2/t of alloy, significantly lower than the industry average of 3.9t CO2/t. This achievement is due to the use of carbon-free electricity in Norway and France and advanced production processes. Eramet is also constructing a pilot plant in Norway to explore CO2 capture and storage technologies and is testing bio-reductants as a partial replacement for coke.
Nebius expands US data center capacity to 300 MW
(March 05)
US-based Nebius Group N.V. announced the construction of a new data center in New Jersey with a capacity of up to 300 MW. This facility is designed to achieve maximum efficiency and performance, with the first phase expected to be completed by summer 2025. Additionally, Nebius is expanding its capacity in Kansas City and Iceland, utilizing Iceland's geothermal energy to reduce environmental impact. These expansions are part of Nebius's strategy to increase its AI infrastructure footprint in the US and Europe.
Skyfora secures €4 Million to supercharge AI weather forecasts using Telecom GNSS Meteorology - Skyfora
(March 03)
Skyfora, based in Finland, has secured €4 million in a funding round led by Danish Ugly Duckling Ventures and Dutch LUMO Labs, with participation from Voima Ventures and the EIC Fund. This investment will accelerate the deployment of Skyfora's Telecom GNSS Meteorology solution, which transforms cell towers into high-resolution weather sensors. The technology enhances AI-driven weather forecasts and provides new revenue streams for mobile network operators without additional hardware investments. The funding builds on previous support from the European Space Agency, EIC Accelerator, and Business Finland.
British International Investment in $100m Deal with KCB Bank for Climate and Women Funding
(February 24)
Kenya's KCB Bank Kenya has received a $100 million Tier 2 capital facility from British International Investment (BII), the UK's development finance institution. This funding aims to enhance KCB's lending capacity for climate-related projects and women-led SMEs. The investment supports the bank's alignment with UN Sustainable Development Goals, particularly focusing on gender equality, economic growth, and climate action. BII's commitment to climate finance is evident as it plans to allocate at least 30% of its new commitments to climate finance between 2022-2026.
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