The tech sector is showing signs of recovery but there’s no room for mediocrity when it comes to raising investment. They were among the main findings of the fourth quarterly Tech Barometer event, organised by tech specialist Fairmont Recruitment and BusinessCloud to discuss the changing trends in tech, recruitment and investment.

Business Cloud

Tech sector showing ‘green shoots’ of recovery

The company cited concerns about operating the factory competitively. It’s not clear if the pause is linked to its dispute with the United Auto Workers

The New York Times

Ford halts work on E.V. battery plant in Michigan

This spring, researchers at a quarry near Draperstown, Northern Ireland, undertook what amounted to a massively scaled up version of the type of science experiment you might see in a middle school classroom

TIME

This group is helping find new ways to recycle old wind turbine blades

We announce we have received funding from IPCEI for a 25.4m EUR project to accelerate the deployment of Solid Oxide technology to enable affordable green hydrogen production in Europe. The grant funding has been awarded from the Hy2 Tech initiative, part of the Important Projects of Common European Interest (“IPCEI”), to accelerate the production of affordable green hydrogen

Hydrogen Central

Elcogen awarded funding to help EU develop affordable green hydrogen technology

DHL Group, Sasol Ltd. and HH2E AG agreed to collaborate on producing sustainable, hydrogen-based aviation fuels in Germany to help reduce carbon emissions, with Airbus SE intending to join the project at a later date

Bloomberg

DHL, Sasol agree to produce sustainable aviation fuel in Germany

The IPOs of Instacart and Klaviyo last week brought much-needed liquidity to the startup ecosystem, enlivening hopes of more exits in the weeks and months ahead. Sure, there have been some mergers and acquisitions in startup land, but massive exits all but require IPOs,

TechCrunch

The recent tech IPOs are flirting with negative territory

Dutch impact investor Invest-NL invests €10 million in Extantia Capital, a climate-first venture capital firm. Extantia is also backed by investors such as Anglo American, Toyota Ventures (which invested in May Mobility), and top-tier family offices such as the Piëch and Oldendorff families.

Tech Fund News

Invest-NL puts €10M in Extantia Capital for advancing climate tech ventures driving a decarbonised future

Do you ever wish you could make a bigger difference for the planet? Maybe, like me, you have a career that isn’t particularly ‘green’—that is, it isn’t directly related to fighting climate change. But you still want to make a difference


Forbes

Demand for green skills outpacing what the workforce can deliver—but there's hope

Finding ways to engage the public in the transformation of Australia's electricity systems, including the adoption of electric vehicles, is the challenge set for teams competing in Nudgeathon 2023 at QUT this week

Mirage

Behavioural change on renewable energy just nudge away

Australian flow battery innovator Redflow has landed its biggest contract yet, with a children’s hospital in California, that is being funded as part of a $US325 million ($A505.9 million) US federal government energy storage fund initiative

Renew Economy

 AD Redflow lands biggest project for flow battery technology, with stack of US funding

By promoting consistent strategies, policies and support to deepen the sector's roots, policymakers can assure positive and lasting returns on investments

The Hill Times

Zero-emission vehicle industry can drive return on battery investments

In our pursuit of a greener, more sustainable future, solar panels have emerged as the sunlit champions of renewable energy

Economic Times

Beneath the glare of green energy: unveiling the hidden heat of solar panels

Money is pouring into “green” sectors across the region and creating thousands of new jobs in the process.

The Straits Times

Want a green job? Opportunities growing, but broad range of skills may be needed

The federal government now has the results of a probe it launched into a federal agency tasked with funding early-stage green technology — an agency that has been the target of employee complaints about hundreds of millions of dollars paid to the green tech sector.



Federal probe of employee complaints about billion-dollar green fund now complete

Reducing carbon emissions from electricity consumption by using solar power systems is only the first step in a carbon neutral future. For companies to truly reach their net zero goals and make a more meaningful impact on the environment, much more can and should be done.



The Edge Markets

Sustainable living solution to meet all customer needs

Malmö, Sweden-based Ekolution, a buildtech company, announced that it has secured SEK 150M (nearly €12.64M) from the Ljungberg family’s climate initiative, Longrun Capital.



Silicon Canals

Swedish greentech startup Ekolution raises €12.6M: know more

Clean energy hubs could save money and create jobs if clusters of businesses shared transmission lines and green hydrogen pipelines, independent research shows

The Canberra Times

Industry urged to club together in clean energy hubs

Air quality stations are accidentally gathering DNA, and this could be a potential 'game-changer' in the fight against global biodiversity decline

Interesting Engineering

How air quality systems could solve the biodiversity crisis

Solar space projects aim to collect uninterrupted solar radiation using satellites, reflecting rays onto collectors and beaming energy back to Earth

Oil Price

Space-based solar power could become a reality

There is a largely untapped energy source along the world's coastlines: the difference in salinity between seawater and freshwater. A new nanodevice can harness this difference to generate power

Tech Xplore

Nanofluidic device generates power with saltwater

illuminemX | Green Tech

Hedge fund managers are piling into short positions in ESG stocks as they hunt for bogus green claims and valuations inflated by record stimulus

Short sellers mount attack on ESG stocks bloated from green hype

Petrostates like Saudi Arabia and Norway have made staggering oil and gas profits. A simple levy could funnel money to the countries that need it

The Guardian

How do we raise trillions of dollars to fight the climate crisis? The answer is staring us in the face

Three-quarters of companies globally are not ready to have their environmental, social and governance (ESG) data audited externally months before new regulations kick in, according to a new report from KPMG published on Tuesday

Reuters

Three-quarters of firms globally are not ready for new ESG rules, KPMG finds

The global sustainable finance market is poised for exponential growth, with a robust Compound Annual Growth Rate (CAGR) of 20% projected from 2023 to 2030, driving its valuation to approximately US$30 trillion by the end of the decade.

Digital Journal 

Global Sustainable Finance Market Set to Skyrocket with a 20% CAGR, Reaching $30 Trillion by 2030

Investors overseeing $23.6 trillion of funds have kick-started a campaign to pressure 100 companies to ramp up the fight against biodiversity loss

Investors with $24 trillion push companies to curb nature impact

To coincide with the fourth anniversary of the Principles for Responsible Banking, the second biennial progress report, “Responsible Banking: Towards Real-world Impact”, has been released. The report provides a status update of the progress made by over 200 signatory banks in implementing the Principles using data from first, second and third year reports. 


UNEP FI 

Principles for responsible banking – Second biennial progress report

Top priority will account for more than half of new financing at Asian Infrastructure Investment Bank


Financial Times

‘China’s World Bank’ plans to triple climate change lending by 2030

In what is set to be the biggest celebration to date, the official celebrations will be held of 27 September in Riyadh, Kingdom of Saudi Arabia. At UNWTO's Member States will mark the occasion in every region through a range of special events and programmes.



UNWTO

World tourism day 2023 to emphasize investments for a sustainable future

Some of the world’s biggest green investors are voicing dismay and bewilderment as they struggle to digest the UK government’s stated intention to wind back key climate commitments

Fund managers in ‘complete shock’ after Sunak’s green pivot

It can be hard for today's advisors to wrap their heads around meaningfully engaging with portfolios informed by environmental, social and governance factors, or sustainability

Financial Planning

3 tips for advisors to make sense of ESG investing

Former British PM calls for 3% levy on oil and gas export revenues of biggest producers to generate $25bn a year for global south

Petrostate windfall tax would help poor countries in climate crisis, says Brown

Britain's decision to delay a ban on new fossil fuel car sales may make little difference to the pace of a shift to electric vehicles (EVs), even though the news drew anger from automakers worried about supply chains and investment uncertainty

UK's fossil fuel car ban delay may only stall investment

Annual spending on climate resiliency is just a fraction of what it needs to be, with a new report warning that between $160bn to $340bn may be required each year to drive long-lasting climate action that won’t be derailed by conflict, pandemics and other disruptive megatrends

edie

Climate resiliency funding needs to scale threefold to at least $160bn annually

Egypt and Ethiopia made little headway in their latest talks over a controversial Nile dam, dimming hopes of an imminent agreement as the Horn of Africa nation presses on with the $5 billion hydropower project

Deadlock on Nile as Ethiopia-Egypt dam talks make little headway

The energy transition isn’t going to plan. The Paris Agreement of 2016 – which aims to limit the increase in the global average temperature to well below 2 °C above pre-industrial levels by 2100 – is looking less and less achievable.



Wood Mackenzie

How the world gets onto a 1.5 °C pathway

A substantial amount of financing is required to achieve the Sustainable Development Goals (SDGs). Mobilizing such a large amount requires creative alternatives to traditional forms of financing and long-term commitments to implementing them.

International Banker

Accelerating bond financing in asia and the Pacific toward the Sustainable Development Goals

Climate change mitigation efforts to achieve net-zero emissions require not only decreasing current greenhouse gas emissions, but also the deployment of negative emissions technologies

Nature

Farmer perspectives on carbon markets incentivizing agricultural soil carbon sequestration

Your business doesn’t need to be captured by reforms to the Safeguard Mechanism (SGM) to need a carbon credits strategy.


Australia’s carbon market is changing gears. Are you ready?

illuminemX | Sustainable Finance

Art that uses upcycled materials and sustainable methods has numerous benefits, including reducing environmental impact and preserving cultural heritage

Hindustan Times

Going green in art: top 5 reasons to embrace sustainable art forms over modern sculpture

Culture and sustainable development have already informed international and European-level policies and commitments to sustainable development. For starters, Agenda 2030 explicitly highlights culture and heritage in Target 11.4 of the Sustainable Development Goals, and the European Commission has touted culture as a way to move toward social cohesion

Sustain Europe

How culture and heritage can advance sustainable, circular development

Plant breeders, by nature, are patient people. It can take them years or even decades to perfect a new variety of fruit or vegetable that tastes better, grows faster or stays fresh longer

Meet the climate-defying fruits and vegetables in your future

The Nordic country wants to protect its 'unspoilt nature' from overtourism with a new nightly fee. Iceland plans to introduce a tourist tax to help protect its unspoilt nature

Euronews

Sustainable tourism: This Nordic nation is introducing tourist tax to protect its ‘unspoilt nature’

Resale platforms at fast-fashion retailers like H&M, Shein and Zara are projected to have a minimal impact on reducing emissions, a new study has found

CNBC

Fast fashion is leaning into resale, but it may do little to reduce emissions, new study says

Researchers have discovered that consumers are willing to shell out more for customisable clothing and are likely to keep these items for longer, thereby curbing the fashion industry’s environmental impact

Apparel Resources

Customisable clothing could be the key to sustainable fashion, says study

Denmark's Lego said on Monday that it remains committed to its quest to find sustainable materials to reduce carbon emissions, even after an experiment by the world's largest toymaker to use recycled bottles did not work

CBS News

Lego drops prototype blocks made of recycled plastic bottles as they "didn't reduce carbon emissions"

Producers of plant-based burgers claim they taste like the real thing and have far lighter environmental footprints. Here’s what the numbers have to say

El Pais

How sustainable are fake meats?

Nearly a dozen US football players have died of heat in recent years as teams reckon with training in a changing climate

 American football season is getting hotter. Young players are dying

CNN's Zain Asher speaks with a Goodwill ambassador about fast fashion's detrimental impact on the environment

Fast fashion's dangerous impact on climate

Rising commodity prices, risk of food shortages, as well as the lingering impact of the pandemic, have triggered a concern for the availability and accessibility of food around the world

Why investing in food security is investing in the future

Hollywood's writers union reached a preliminary labor agreement with major studios on Sunday, a deal expected to end one of two strikes that have halted most film and television production and cost the California economy billions

Striking Hollywood writers reach tentative deal with studios

A new WWF report looking into the impact of government policies on the cost of food shows that EU policies are driving meat overconsumption and neglecting sustainable and healthy food production

EU policies do not favour sustainable production or consumption

The objectives of adopting a monument scheme is to conserve, preserve and protect the heritage monuments of the State and develop basic tourism infrastructure so as to improve the visitor experience

The Hindu

‘Adopt a monument’ process to go online

“Exotic” cultivated meats claim to be harmless, but they could threaten actual endangered animals

The bizarre new frontier for cell-cultivated meat: lion burgers, tiger steaks, and mammoth meatballs

Accurate estimates and forecasts of crop area and yield play an important role in guiding policy decisions related to food security, especially in light of the growing impacts of climate change, according to a new research paper

AgriLand

Using satellite data to enhance global food security

Although much is discussed about the direct negative impact of these products on our health, including obesity, cardiovascular diseases and diabetes, little has been said about the impacts of UPF on the environment

The Conversation

Ultra-processed foods are not only bad for our bodies, their production damages our environments

Among the world’s ever-expanding array of board games, a small but growing number deal with climate change. But are these games any good?

What can board games teach students about climate change?

Earlier this year, fast fashion retailer Zara released its first womenswear collection made of recycled poly-cotton textile waste. The collection is available for sale in 11 countries, helping clothing made of blended textile waste reach the mass market

Fast fashion’s waste problem could be solved by recycled textiles but brands need to help boost production

illuminemX | Sustainable Lifestyle

New Delhi, India's top oil firm IOC on Monday unveiled the nation's first green hydrogen-powered bus that emits just water as it takes the lead in bringing out unrivaled tools to replace fossil fuels. Indian Oil Corporation (IOC) will produce close to 75 kg of hydrogen by splitting water using electricity from renewable sources. 

Business Insider

IndianOil unveils India's first green hydrogen-run bus that emits just water

The European Commission will launch an anti-subsidy investigation against Chinese automakers, which may result in higher import duties on electric vehicles

MIT Technology Review

Europe is working to slow down the global expansion of Chinese EVs

The pause comes during the second week of a United Auto Workers strike against Ford, GM and Stellantis.

Politico

Ford halts construction on EV battery plant ripped by GOP over China ties

Environmental Defenders Office has released a report assessing the green claims of several of the largest car companies in Australia

Environmental Defenders Office

Driving change or just filling the tank? Greenwashing tactics of the automobile industry

Nikola’s recently appointed CEO – Steve Girsky – was upbeat about prospects for the company and hydrogen fuel in a recent Q&A session, and did not shy away from difficult questions relating to the firm’s recent battery fire incidents and voluntary recall.



Just Auto

Nikola CEO: “The hydrogen highway is on its way”

Indonesia's EV-friendly policies have lured global investors to the country, but experts say they could also boost investments in Southeast Asia's automotive industry more broadly.

Indonesia's EV ambitions could help boost investments in the rest of Southeast Asia

Manufacturers expect levy agreed in Brexit deal to hand chunk of market to global firms, including China

Carmakers call on EU to delay 10% tariff on electric vehicle exports

Rishi Sunak’s announcement that he will delay banning the sale of new petrol and diesel cars by five years to 2035 in a U-turn on the government’s climate commitments has triggered international condemnation and anger from industry

‘It’s an insult’: drivers react to Rishi Sunak’s electric car U-turn

Once a mecca for petrol heads, this fresh incarnation of the car show hopes to meet Australia’s surging demand for electric vehicles

Batteries and Apple store vibes: the latest EVs take centre stage at successor to Melbourne motor show

The global push for sustainability has placed electric vehicles at the forefront of environmental targets

Times of Malta

Education critical in dispelling misconceptions on adoption of EVs

Nary a day has gone by lately without another headline alluding to Tesla possibly setting up shop in a new part of the world

Elon Musk is in no hurry to build more Tesla car plants

The European Union is set to demand that cars running on e-fuels must be 100% carbon neutral if they are to be sold beyond 2035, a draft document showed, after Germany demanded e-fuel cars be exempted from the phase-out of new polluting vehicles

EU set to demand e-fuel cars have no climate impact

EV variety is easy to find outside the US. Where American drivers now have about 50 electric cars to choose from, Europe’s array is almost double that, and China’s nearly triple. With that variety come more small and midsize options, and more cars with price tags that won’t break the bank

Why can’t Americans buy cheap chinese EVs?

As a result, in the US in March of this year, the Transport Security Association (TSA) issued an emergency amendment to the security programmes of numerous airports and airlines.
The amendment requires regulated airports and airlines to develop a plan to improve cybersecurity resilience and assess and update that plan regularly. And both the Federal Aviation Administration (FAA) and European Aviation Safety Administration (EASA) have simultaneously mandated new aircraft cyber-security regulations such as DO-326A and ED-202A.

Airport World

Why aviation needs to prioritise cybersecurity

Despite a slow start, Toyota plans to accelerate electric vehicle output over the next several years. The Japanese automaker aims to triple EV production of Toyota and Lexus brand models in 2025 as mass production begins.

Electrek

Is Toyota finally picking up EV production pace this time?

Research reveals that shared bikes and scooters are often a crucial lifeline for low-income workers, signaling a need to include micromobility in the larger public transit conversation.



Planetizen

Shared mobility as essential transit

Britain’s prime minister is expected to delay a ban on the sale of new gas- and diesel-only cars, among other measures

Sunak poised to weaken U.K. climate targets as election approaches

The aviation sector must make a financial contribution to efforts to decarbonize, France’s transport minister Clement Beaune told France Info, but the government has yet to decide whether that will mean an increase in tax on air tickets or for airports. 

illuminemX

(in your industry)

illuminemX | Green Tech