Founded by Craig Wallington and Dan Sherrard-Smith, MotherTree has created a platform that enables purpose-driven businesses to reduce the carbon footprint of their banking systems and pension provision. Having started its journey in 2022, the UK-based startup is already approaching profitability.
The co-founder of second-hand clothes marketplace Vinted, Mantas Mikuckas, has invested €1 million to support the green transformation of agriculture. This will take the form of debt capital deployed to small and medium-sized farms through the climate tech, HeavyFinance.
Copenhagen Infrastructure Partners closed two new funds at a combined €2 billion ($2.1 billion) to plow money into producing clean fuels and financing renewables projects.
The big news of last week was the agreement of the rules on climate disclosure bill for large Californian companies by the Assembly. The Climate Corporate Data Accountability Act is now in the hands of California’s Democratic Governor to see if it passes into law – if it does that means mandatory climate risk disclosure across the worlds fifth largest economy.
With international financial flows falling short of what’s needed, and increasing climate change impacts, there is a desperate need to accelerate climate financing. Subnational governments, working closely with business, have a critical role to play in mobilising that finance, writes Champa Patel, executive director, governments & policy, Climate Group.
Analysis by the UNEP Finance Initiative (UNEP FI) has revealed a substantial disconnect between government spending on environmental protection and biodiversity richness in 106 nations.
The UK will fall further behind the US on green technologies without a national investment fund to help turn start-ups into the companies of tomorrow, a leading think-tank has warned.