Curated daily by our industry experts. Stay informed on how climate tech is colliding with the real estate industry with these important headlines
Business Green
The UK government is to provide £10m of funding for a new national green finance research centre to help advise lenders, investors, and insurers on making more environmentally sustainable decisions, in a move it is hoped can help combat climate risk and drive investment in support of the country’s transition to net zero emissions.
ESG Today
The U.S. Department of Energy (DOE) announced today up to $100 million in funding for transformative clean energy technology research and development, in support of the Biden Administration’s climate innovation agenda. The DOE also announced that it will participate in the White House’s newly established National Climate Task Force’s Climate Innovation Working Group.
Multifamily Executive
Commercial and residential real estate companies continue to direct more focus on waste diversion, paying attention to recyclable materials that might not fit their local collection criteria for recycling or donation, such as small electronics, clothing, toys, housewares, and even furniture.
The Wall Street Journal
The shiny, onyx-colored building appears alien in its drab, postindustrial Philadelphia neighborhood—the love child of a “D-volt battery and the Death Star,” as one local architecture critic put it, admiringly. Called Front Flats, the four-story building is wrapped on all sides and roof by 492 translucent, double-sided solar panels. The building is airtight and extraordinarily energy-efficient, its developers say.
ESG Today
A survey of managers and senior executives at companies with 500 employees or more, released by risk and compliance management software company NAVEX Global, found the vast majority of companies have put ESG initiatives in place, but many lack confidence in their sustainability performance.
CNBC
The world’s biggest carbon-emitting nations are falling well short of peers in efforts to tackle a “global climate emergency,” according to new research. The Green Future Index, released late last month by MIT Technology Review, measures and ranks 76 nations and territories on their progress toward building a low carbon future. It showed China and the United States continue to lag behind Europe and other parts of the world in achieving decarbonization. …
CNN
Paris (CNN)A Paris court has found France legally responsible for its failure to meet targets intended to reduce greenhouse gas emissions.The lawsuit was launched by four NGOs, including Greenpeace France and Oxfam France, following an online petition that gathered 2.3 million signatures — the largest in French history, according to organizers. …
Fast Company
Two months ago, Denmark said that it would stop all new oil and gas exploration in the North Sea and completely phase out fossil fuel production by 2050. The country is currently the largest oil producer in the European Union. Now it’s planning the next step in its transition: an artificial island that will serve as a clean energy hub and eventually make zero-carbon fuel using wind power.
Green Tech Media
Energy storage startup Powin Energy has raised more than $100 million in equity investment to compete with better-funded rivals in the large-scale grid battery market. Powin buys battery cells and hooks them up with proprietary software controls and ancillary equipment to produce full-fledged power plants. It competes in the upper echelons of the energy storage integration market with the likes of Tesla, Fluence and Wärtsilä.
Bisnow
In the real estate world, cutting carbon emissions and making money are often presented as an either/or choice: You can do one or the other, but not both. But a new fund being raised by the world’s biggest proptech venture capital firm aims to do both and more — to cut carbon emissions and allow building owners to make a profit while doing so, so they get on board whether they care about the environment or not. …
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