Jonas Skattum Svegaarden

For the first time, Nordic companies have reported their eligibility under the EU Taxonomy for four new environmental objectives: water, pollution, biodiversity and circularity. The results bode well for companies’ overall Taxonomy alignment numbers next year, according to an analysis by Nordea’s ESG Research team. 👉 https://lnkd.in/d4d_FEjq “We expect to see a step-up in average alignment next year, as companies start reporting under the four new environmental objectives,” says Marco Kisic, Head of ESG Research in Nordea. That should expand the universe of investments that are considered sustainable. #EUTaxonomy #SustainableFinance #myNordea #myNordea

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According to the Organisation for Economic Co-operation and Development (OECD) irrigated agriculture remains the largest user of water globally, accounting for 70% of fresh water use worldwide. With a growing population and more discerning diets demanding more calories and protein, and water availability being challenged by climate change, a strategic response to water management in agriculture is required. Martin Davies joins Jane Craigie's Science behind your Salad podcast to discuss how Nuveen prioritizes efficient water management to optimize water use across its farmland operations and to replenish over drafted aquifers. Read more on our approach to sustainable water management:

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During Q2 2024, the carbon credit market has experienced notable price fluctuations. An update on the recent developments in the carbon credit market, particularly focusing on the price shifts observed in the second quarter of 2024. 👉 John Ryan Ochieng DK Balian ClimeTrek Ltd #CarbonCredits #MarketUpdate #Q22024 #Sustainability #CarbonMarket #EnvironmentalRegulations #ClimateChange #GreenEconomy #CarbonPricing #EcoFriendly #SustainableFinance #climetrek #NetZero #CarbonFootprint #GreenInvesting #RenewableEnergy #ClimateAction #CarbonOffset #CleanEnergy #EcoInnovation #CarbonTrading

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From the Fire to the Fjord Part II – FIC Clean Energy Projects Strategic Partnerships: Collaboration and strategic partnerships play a crucial role in ensuring the success of these projects. Partnerships between countries, as seen in the Denmark-Germany collaboration, leverage shared resources and expertise, driving efficiency and scalability. Advisory Requirements: Given the diverse nature of these projects, comprehensive financial advisory services are essential. These services encompass structuring financing agreements, assessing risk profiles, optimising capital allocation, and facilitating negotiations with lenders and investors and PPA parties. Regulatory Compliance: Compliance with regulatory frameworks, both at the national and European Union levels, is integral to project success. Financial advisors navigate these complex regulations, ensuring projects adhere to legal requirements and secure necessary approvals. In summary, the clean energy projects in Europe represent a pivotal opportunity to accelerate the transition towards net zero and sustainable energy systems. With significant capital requirements and diverse financing structures, expert financial advisory services are essential to navigate challenges, optimise investments, and drive long-term success in the clean energy sector.

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🌱 Denmark’s Carbon Tax on Agriculture: A Bold Move or a Burden? 🌍 Denmark is making headlines with the world’s first carbon tax on agriculture, set to charge cattle farmers nearly €100 per cow per year starting in 2030. 🐄🌿 This move aims to tackle emissions from agriculture, which accounts for almost a quarter of global emissions. However, the tax has sparked a heated debate. Farmers’ groups argue it will hinder innovation, while green advocates believe it’s a necessary step for sustainability. 🚜💨 Is this tax a pioneering step towards a greener future or an undue burden on farmers? Let’s discuss! 🌍💚 #Sustainability #ClimateAction #Agriculture #Denmark #CarbonTax #EcoDebate 🌿✨ Source Financial Times

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New insights briefing from the Energy Transitions Commission focused on the importance of not only raising ambition in the next round of NDCs under the Paris Agreement, but also making stronger links to national policies and increased government and industry collaboration on implementation. The ETC recommends that “NDCs 3.0” define: - Clear and detailed roadmaps for implementation of accelerated climate action backed by strong government policy (e.g., quantitative targets for GW of renewables, phase out dates for bans on the sale of gasoline or diesel engine vehicles). - Measurable, comprehensive (covering all sectors and GHGs) and granular targets for emissions reductions. - Investable plans, especially for emerging markets, clearly stating the investment and international climate finance required to deliver stated targets. https://lnkd.in/erxp23YN

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In the sphere of sustainable finance, the ongoing discourse surrounding palm oil production's environmental impact stands as a pivotal and pressing topic. While palm oil serves various economic purposes—from being a fundamental cooking oil to a crucial component in biofuels and an array of consumer products—it is undeniable that its production often results in significant environmental degradation, particularly in tropical regions where vast swathes of forests are cleared for plantations. The fundamental question persists: Can palm oil production ever achieve true environmental sustainability? This query has sparked extensive deliberations among experts, with recent EU regulations targeting products linked to deforestation presenting a potential catalyst for change. These regulations may compel food companies to source palm oil sustainably, thereby necessitating stricter scrutiny and enhanced accountability throughout the supply chain. Efforts to promote sustainable palm oil production encompass various practices, including intercropping and maintaining biodiversity within plantations. Notably, traditional methods in West Africa have long demonstrated sustainable approaches over centuries, highlighting the potential for harmonizing economic interests with environmental stewardship. However, challenges loom large, particularly in regions like Indonesia and Malaysia, where rapid expansion has exacted a toll on natural habitats, leading to deforestation and habitat loss for endangered species. Organizations such as the Roundtable on Sustainable Palm Oil (RSPO) have undertaken commendable initiatives to set standards for responsible palm oil production, aiming to reduce harm to wildlife and local communities. The burgeoning demand for palm oil has undoubtedly propelled economic growth but has come at the cost of natural habitats and biodiversity. Despite industry efforts to mitigate environmental impacts, lingering concerns persist regarding the sector's long-term sustainability, particularly concerning forest preservation and species conservation. As the global community endeavors to strike a balance between economic imperatives and environmental sustainability, the imperative for transparent, accountable, and eco-friendly practices in palm oil production becomes increasingly paramount. #SustainableFinance #EnvironmentalImpact #PalmOilProduction #SustainableBusiness #Biodiversity #Deforestation #RSPO #EcoFriendly #EnvironmentalStewardship #SustainabilityInitiatives #GlobalTrade #EconomicGrowth #ConservationEfforts #WildlifeProtection #ClimateAction #GreenEconomy #SustainableDevelopment #CorporateResponsibility #SupplyChainTransparency #EcoInnovation #EcoFriendlyInvestments #ResourceManagement #ConservationTechnology #SustainableAgriculture #EcoSolutions #GreenInvesting #CorporateSustainability #EnvironmentalPolicy #ClimateChangeMitigation

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𝑪𝒆𝒍𝒆𝒃𝒓𝒂𝒕𝒊𝒏𝒈 𝑰𝒏𝒕𝒆𝒓𝒏𝒂𝒕𝒊𝒐𝒏𝒂𝒍 𝑫𝒂𝒚 𝒇𝒐𝒓 𝑩𝒊𝒐𝑫𝒊𝒗𝒆𝒓𝒔𝒊𝒕𝒚! The International Day for Biodiversity is the perfect opportunity to keep momentum going in order to protect and restore nature, to prosper with nature, to share benefits fairly, and to invest and collaborate for nature. This awesome video has inspired me today - I do plant trees, perhaps will do more hereafter and I hope all of us could play a part towards tackling climate change - and that could start at home. #BePartOfThePlan

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🌎 Climate tech #startups that raised capital last week 👇 With more than 50 deals logged on the Net0 platform last week, we recorded some significant deals. Here's a list of the top seven deals: 🌞Sweden, Stockholm-based Aira, offering air-water heat pumps and solar panel installation services for residential homes, received $217M in debt financing from BNP Paribas. 🔬United States, Denver-based Xcimer Energy Corporation, developing laser-driven fusion technology to provide low-carbon energy, raised $100M in a Series A round from Hedosophia, Breakthrough Energy, Lowercarbon Capital, Prelude Ventures, Emerson Collective, Gigascale Capital, and Starlight Ventures. ♻️Netherlands, Groningen-based BioBTX, producing sustainable drop-in chemicals and aromatics using plastic waste and biomass, raised a total of $86M in Grant, Equity, and Debt financing from Invest-NL, Infinity Recycling, Covestro, Carduso Capital B.V, Dutch Government, and Province of Groningen among others. 🚚Australia, Sydney-based Ofload, connecting small and medium-sized carriers with large shippers through an end-to-end road freight management platform, raised $31M in a Late VC round from Yarra Capital Management, King River Capital, and Jungle Ventures. 🛠️United Kingdom, Bristol-based iCOMAT, offering a manufacturing process for advanced carbon fiber composites, raised $22.5M in a Series A round from 8VC, NATO Innovation Fund (NIF), Solvay, and Velocity.Partners Venture Capital. 🚛United Kingdom, London-based Qargo TMS, offering a software platform designed to streamline logistics for businesses in the transport industry, raised $14M in a Series A round from Balderton Capital. 🔆Germany, Magdeburg-based SOLAR MATERIALS, a cleantech company that recycles silicon solar panels, raised $13M in a Series A round from bmp Ventures, First Imagine!, and Katapult. #climatetech #funding #investments #startups #venturecapital

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📣 ANNOUNCEMENT!!📣 I’ve been stirring on this initiative for months now, and it’s finally ready to bring to your ears. Welcome to Forest Invest, my new podcast, where every Monday a new conversation will go live. You can expect to meet experts in forest investment from different corners of the forest asset class. Please listen, and share with your your friends and colleagues. 🌲 💲 Mobilizing more capital to profitable and impactful investments in forests starts with educating investors. #forestinvestment #naturalcapitalinvesting #timberlandinvesting #ESG #impactinvesting #climateinvesting #sustainablefinance #podcast

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Annabell Siem Mathiesen shares how the climate transition is changing the global economy, presenting new risks and opportunities for portfolios. We assess current progress on the climate transition from an investor perspective in our State of Transition paper: bit.ly/3QU9ltq #sustainability #climate #investing

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Next up…. ‘What do natural capital buyers want now and in the future?’ A lot of complexity on this one. BNG - biodiversity net gain. A tangle of policy, measurements, regulations and finance incl TNFD which is a ‘selfish measure for corporates to show they will be able to navigate the environmental transition’ Messages - catchment level thinking, farmer clusters, green funding,and linking Grey Infrastructure projects. Farmers looking at farms with a different lens. What parts are auitable for a TNFD trade? But how to baseline - for say £5k when famers are reluctant to spend on thst - despite buying a combine for £500k to harvest an unprofitable crop. Good question - what about farms that have already been responsible, and improved their land. Should they plough up their land to get a low baseline? Backdating 31st Jan 2020 - so you can go back to then. But really there was no real answer to this. Other than maybe paying more for the harder improvements after the easy wins. This appoach will be rasier in private markets Insurers are involved - to do with the scale and ‘strength of the covenant’ From a recent cluster - private investors like tangible outcomes - like ‘I planted 10 trees” when they are being measured on flood management and watercourse nutrients. Final comments - the future technology could help to track outcomes for investors- blockchain etc. An interesting session. Understanding intangibles, and emotions a clear and pressing need.

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Great read from Cordelia Dower-Tylee setting out our work on water stewardship and chemicals.  Chemicals are critical to modern day life, but they are also one of the five key drivers of marine pollution. This is why we have begun a three-year thematic engagement with our chemical company holdings to drive best practice on #water stewardship. #sustainableinvestment Find out more below 👇

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💥 A recent report from Framtiden i våre hender, lead member of #FairFinanceNorway, has found that in 2023, the Norwegian Oil Fund (Norges Bank Investment Management, NBIM) failed to support climate resolutions and actually supported climate-harmful strategies at some of the world's largest #oilandgas companies and banks financing #fossilfuels. 💰 The oil fund is one of the largest global investors with more than $1.3tn assets under management (AUM) and is amongst the biggest shareholders in most of the largest, highest-emitting global oil and gas companies. 📜 Although in its Climate Action Plan, the oil fund promises to use its considerable influence as a shareholder to encourage companies to set science-based emissions targets and disclose plans to achieve them, this report finds it is failing to act on this intention. 👎 The report examines the oil fund’s voting patterns in 2023 at 19 major company AGMs, and reveals that despite its own climate commitments, the fund continues to support key blocking industries (such as fossil fuels) and in fact more so that than its peers. Find out more ➡: https://lnkd.in/gT-f3pGk #sustainablefinance #responsibleinvesting #climatechange #peopleandplanet Lucy Brooks Ingrid Næss-Holm

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With the world recently experiencing its first annual average temperature overshoot of 1.5˚C, it's clear that the time for action is now. Today, we reaffirm our commitment to working with companies to reach net-zero with the launch of our eighth Climate Impact Pledge report. As we confront the generation-defining challenge of climate change, we are engaging with more companies than ever before, raising the bar for those in emission-intensive industries. While we know there is much more work to be done, the progress we’ve seen has been encouraging, with many of the companies with which we've engaged making significant strides in important areas. We are at a critical juncture, but this needs a whole of system shift. Policymakers, asset owners and companies can still mitigate the systemic risks posed by climate change – if we act together, now. Inaction is not an option. Read our report here: https://lnkd.in/eCvYXg-8   For professional investors only. Capital at risk.

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𝗛𝗼𝘄 𝗰𝗼𝘂𝗹𝗱 𝗠𝗶𝗱𝗱𝗹𝗲 𝗘𝗮𝘀𝘁 𝗰𝗿𝗶𝘀𝗶𝘀 𝗽𝗹𝗮𝘆 𝗼𝘂𝘁 𝗳𝗼𝗿 𝘁𝗮𝗻𝗸𝗲𝗿 𝗘𝗧𝗙? Trade disruptions have been positive for spot rates, and consequently, for shipping ETFs. Recent disruptions have left VLCC rates relatively unscathed, but restrictions at the Strait of Hormuz would have a significant effect on VLCCs and investments that track them. A free to read interview of John Kartsonas at Lloyd's List, by Greg Miller: https://lnkd.in/dUc6FsNS #investing #supplychain #BWET #BDRY 𝗕𝗿𝗲𝗮𝗸𝘄𝗮𝘃𝗲 𝗔𝗱𝘃𝗶𝘀𝗼𝗿𝘀: www.breakwaveadvisors.com

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Measurement and carbon emission pricing are the first steps to continuous improvement, key principles of top tier industrial companies. How do your supply chain and operations measure up?

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As June wraps up, we’d like to highlight some exciting new developments in the carbon credit space. Here’s a quick 🌟monthly recap🌟: 1. Denmark is set to impose the world’s first emissions tax on livestock beginning in 2030. The tax is expected to cut the country’s emissions by about 1.8 million metric tons. Proceeds from the tax will be returned to the agriculture industry to support its green transition. 🐄🌾 🔗 https://lnkd.in/gFA79N37 2. The White House reiterated its support of the development of voluntary carbon marketplaces. National Climate Advisor Ali Zaidi told media that “recent downturns should be understood not as “an excuse to slow down but as an occasion to speed up”. 🏛️🌱 🔗 https://lnkd.in/gmj8Ksve 3. Kita Earth, a high-quality carbon insurance provider, partners with carbon credit suppliers and develops bespoke insurance products to safeguard carbon credit transactions. Eligible claims made on Kita’s policies can be paid out in cash or carbon credits. The climate insurance industry can greatly enhance the credibility and value of carbon credits, assuring buyers that credits meet stringent ESG standards and providing protection for their investment. 💸🌿 🔗 https://lnkd.in/gz9_AW7m

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