Day: 2 July 2023

Klarna announces multi-million contribution from internal carbon tax for game-changing climate impact solutions; shares progress on emissions reduction

Stuart Mitchell

Klarna, the global payments network and shopping destination, today announced that it will contribute a total of $2.35 million USD towards several climate initiatives as part of its ongoing commitment to tackle the climate crisis. This is the third round of contributions from Klarna’s internal carbon tax, totaling $5.07 million since 2021, designed to create maximum long-term climate impact. Instead of purchasing carbon credits to make climate neutrality claims, Klarna contributes funds from its internal carbon tax in initiatives tackling climate change to drive greater impact.  “Klarna is committed to…

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Bank commits £62.5 million in major project to boost UK energy storage capacity

Stuart Mitchell

The UK Infrastructure Bank has announced its first debt transaction in battery storage with a £62.5 million commitment to support the development of multiple new energy storage and grid stability facilities across the UK. The Bank’s investment will form part of a £175m financing deal which will support Pulse Clean Energy Ltd (PCE) in its plans to invest over £1 billion in the deployment of more than 1GW of battery energy storage system (BESS) capacity across 20 sites in England, Scotland and Wales over the next three years. This includes…

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Holcim to deploy 1,000 Volvo electric trucks

Stuart Mitchell

Holcim will deploy up to 1,000 electric trucks from Volvo by 2030. Delivery for the first trucks will start in the fourth quarter of 2023. This is the largest commercial order to date for Volvo electric trucks. Both companies are founding members of the First Movers Coalition (FMC), a coalition of companies that use their purchasing power to create early markets for innovative clean technologies. The deal is part of a wider partnership between Holcim and Volvo Group to deploy electric trucks across Holcim’s operations in Europe between now and…

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Limiting global warming to 1.5°C would save billions from dangerously hot climate

Stuart Mitchell

Current climate policies will leave more than a fifth of humanity exposed to dangerously hot temperatures by 2100, new research suggests. Despite the Paris Agreement pledge to keep global warming well below 2°C (compared to pre-industrial levels), current policies are projected to result in 2.7°C warming by the end of the century. The new study, led by researchers at the Global Systems Institute, University of Exeter, associated with the Earth Commission, and Nanjing University, assessed what this would mean for the number of people living outside the “climate niche” in…

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Logitech Partners with iFixit to Advance Circularity Goals

Stuart Mitchell

Logitech International has announced that it is partnering with iFixit, a global repair community that sells replacement parts and provides toolkits and repair guides for consumer electronics devices. Logitech is working with iFixit to facilitate the availability of spare parts, support beyond-warranty repair on select products, and develop relevant repair guides to support this repair. “Consumers often struggle to find avenues to repair and extend the life of their product,” said Prakash Arunkundrum, chief operating officer at Logitech. “More can be done by brands and by broader value chains who…

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