Getting your news
Attempting to reconnect
Finding the latest in Climate
Hang in there while we load your news feed
Revyve raises €24M to scale yeast egg-replacements
Revyve has announced a Series B financing round of nearly €24 million to accelerate commercial rollout and scale production of functional yeast proteins that replace eggs and additives.
- Main announcement: Revyve raised nearly €24 million in a Series B co-led by ABN AMRO Sustainable Impact Fund and Invest-NL, with support from Brabantse Ontwikkelings Maatschappij (BOM), Danstar Ferment (Lallemand Bio-Ingredients), Grey Silo Ventures, and follow-on participation from Oost NL and Royal Cosun; the funding will be used to modularly scale production and expand commercial rollout to additional food categories and larger global customers, increasing output to over 1,600 tons per year at its Dinteloord facility.
-
Background & details: Revyve commissioned a FOAK production site in Dinteloord, Netherlands in 2024 (currently running at capacity for several customers); the company serves customers across Europe, UK, USA, Canada, Mexico and Australia; planned industry appearances this autumn include:
- Anuga — 4-8 October, Cologne, Hall 01.2 | Stand D028g-E029g (showcase latest applications)
- Food ingredients Europe — 2-4 December, Paris, Stand #73J23 (showcase latest applications and partnerships)
Putin and Ethiopia PM sign nuclear project Action Plan
The Kremlin announced that President Vladimir Putin met with Prime Minister Abiy Ahmed and witnessed exchange of an Action Plan between the State Atomic Energy Corporation Rosatom and the Ethiopian Electric Power Corporation on the development of a nuclear power plant project in the Federal Democratic Republic of Ethiopia.
- Action: In the presence of Director General of Rosatom Alexei Likhachev and Foreign Minister of Ethiopia Gedion Timotheos, the parties exchanged an earlier signed Action Plan between State Atomic Energy Corporation Rosatom and the Ethiopian Electric Power Corporation to develop a nuclear power plant project in Ethiopia. The text contains no financial figures or implementation timeline.
-
Background & meeting details:
- Date & time: September 25, 2025, 20:55; Location: The Kremlin, Moscow.
- Agenda / context: Bilateral talks following participation by both leaders in the Global Atomic Forum earlier that day; Russian delegation included senior officials such as Deputy Prime Minister Alexander Novak, Deputy Chief of Staff Maxim Oreshkin, Presidential Press Secretary Dmitry Peskov, Presidential Aide Yury Ushakov, Minister of Healthcare Mikhail Murashko, Minister of Finance Anton Siluanov, and Central Bank Governor Elvira Nabiullina.
Germany launches second funding round for hydrogen
Germany’s Federal Ministry for Economic Affairs and the Federal Ministry of Research have launched a second international funding call to back renewable hydrogen and derivative projects in non-European countries.
- Main announcement: The ministries announced a second international funding call (building on 2021 funding guidelines) to support projects outside the European Economic Area and Switzerland; Module 1 (run by the economics ministry) will fund construction of renewable hydrogen and derivative production facilities and preparatory scientific studies, while dedicated support for storage and transport infrastructure has been dropped (but can be included within generation projects).
- Additional details: Module 2 (overseen by the research ministry) will fund research, industrial trials, and training programmes that must link directly to a Module 1 initiative abroad; the scheme is framed to expand opportunities for German firms to lead global hydrogen supply chains.
Putin announces closed fuel-cycle nuclear system by 2030
President of Russia Vladimir Putin addressed the Global Atomic Forum and announced that Russia plans to launch the world’s first nuclear power system with a closed fuel cycle in the Tomsk Region by 2030, and that an International Research Centre in the Ulyanovsk Region will test advanced materials for the closed cycle.
-
Main announcement: Russia will launch the world’s first closed fuel-cycle nuclear power system in the Tomsk Region by 2030, aiming to reuse ~95% of spent nuclear fuel; an International Research Centre in Ulyanovsk Region will test the full range of advanced materials for the closed fuel cycle and Russia invited international scientists to cooperate.
- Event details: Global Atomic Forum, part of World Atomic Week; Date: 25 September 2025; Time: 18:50; Location: ATOM Museum at VDNKh, Moscow; Agenda/subject: discussions on present and future of nuclear industry, new technological paradigm, nuclear safety, financing and closed fuel-cycle technologies.
-
Background and other details: Putin said Russia possesses expertise across the entire nuclear power technology chain and is developing small-scale land-based and floating nuclear power plant projects which will enter serial production soon; he noted the New Development Bank has confirmed readiness to finance nuclear projects and that a BRICS Nuclear Energy Platform was established; he cited IAEA forecasts (global nuclear capacity may reach nearly 1,000 GW mid-21st century) and OECD estimates that uranium resources could be depleted by 2090 (or possibly as early as the 2060s); he also highlighted that electricity consumption by data centres is set to more than triple in the current decade and that Russia is deploying modular data processing systems at nuclear power plants.
Brazil Pledges US$1bn to Tropical Forests Fund Ahead of COP30
President Luiz Inácio Lula da Silva announced Brazil will invest US$1 billion in the Tropical Forests Forever Fund (TFFF) and urged global seriousness on climate ahead of COP30 in Belém (November).
-
Main announcement: President Lula announced Brazil will contribute US$1 billion to the Tropical Forests Forever Fund (TFFF) and invited/expects all heads of state to attend COP30 in Belém in November.
- Location & timing: COP30 to be held in Belém (Pará), in November 2025.
- Fund design: TFFF described as an investment fund (not a donation) intended to mobilize private/public investment to keep tropical forests standing.
-
Background & details: Environment Minister Marina Silva said the US$1 billion Brazilian contribution aims to catalyze roughly US$125 billion in mobilized capital and deliver about US$4 billion per year in returns earmarked for payments per hectare of protected forest; Lula also noted countries are presenting “vigorous and reasonable” NDCs.
- Related actions/events: Lula opened the 80th UN General Assembly debate (23 Sep), attended the UN Climate Summit and met bilaterally with leaders including Volodymyr Zelensky and Dina Boluarte, and gave an interview to PBS NewsHour (22–24 Sep).
Contracts signed for two UK carbon capture projects
The UK government announced that two carbon capture projects — Padeswood (Heidelberg Materials UK) and Protos (Encyclis) — have signed final contracts with the Low Carbon Contracts Company and are ready to begin construction.
- Main announcement and actions: The projects have signed final contracts with the Low Carbon Contracts Company and are expected to move into the construction phase shortly, together securing 500 skilled jobs (part of 2,800 jobs across the wider HyNet network). Padeswood (cement) will capture ~800,000 tonnes CO2/year and Protos (waste-to-energy) will capture ~400,000 tonnes CO2/year, totaling 1.2 million tonnes CO2/year. Both projects will connect to Eni’s Liverpool Bay Transportation & Storage as anchor projects of the HyNet cluster.
- Background, financing and timelines: The announcement follows the Prime Minister’s April green-light for HyNet and the government’s £9.4 billion commitment to Carbon Capture made in the Spending Review (funding stated over this Parliament). The projects are positioned as shovel-ready, with contracts now in place to provide certainty to proceed; Padeswood will deploy capture at the existing cement works to produce evoZero net zero cement, and Protos is described as a first full-scale carbon capture-enabled waste-to-energy facility.
North East AI Growth Zone taskforce launched
The UK Technology Secretary Liz Kendall announced a new taskforce to fast-track planning, investment, training and site development for the North East AI Growth Zone, bringing together firms (including Nscale, OpenAI, NVIDIA), universities and skills providers to get sites at Cambois and Cobalt Park operational quickly.
- Main action & priorities: Taskforce launched to unblock planning, secure investment and ensure energy access; spades expected in the ground within weeks; Phase one of Stargate UK to deploy up to 8,000 NVIDIA GPUs early next year with potential to scale to 31,000 GPUs; Growth Zone designation is intended to unlock up to £30 billion in investment and Blackstone has committed £10 billion to the Cambois site with potential for an extra £20 billion from future partners.
- Background & additional commitments: The taskforce includes universities (Newcastle, Durham, Sunderland, Northumbria), skills providers and industry; Cobalt Park offers 2.2 million sq ft, subsea fibre and a pathway to expand power to around 500 MVA; linked UK-US technology pact referenced and announcement that X-Energy and Centrica plan up to 12 advanced modular reactors in Hartlepool (projected to supply up to 1.5 million homes and generate £12 billion in value, creating ~2,500 jobs).
BBNJ Agreement to enter into force January 2026
France announced that the Agreement on the Conservation and Sustainable Use of Marine Biological Diversity of Areas beyond National Jurisdiction (BBNJ Agreement) will enter into force on 17 January 2026 following the deposit of instruments of ratification by 68 States; President Emmanuel Macron convened representatives on 23 September 2025 at the 80th UN General Assembly in the presence of UN Secretary-General António Guterres.
-
Main action: France convened representatives of the 68 States that have deposited ratifications to mark entry into force of the BBNJ Agreement on 17 January 2026; President Macron, accompanied by UN Secretary-General António Guterres, credited rapid French diplomacy for achieving ratification within two years of adoption.
-
Meeting details:
- Date: 23 September 2025
- Location: 80th Session of the UN General Assembly, New York
- Time: not specified
- Agenda/subject: Convene ratifying States to confirm entry into force and mark the lead-up to the first Ocean COP in 2026.
-
Meeting details:
-
Background and implementation details: The treaty was adopted in New York in June 2023, springing from diplomatic mobilization begun at the One Ocean Summit (Brest, February 2022) and advanced at the United Nations Ocean Conference (Nice, June 2025); French ministers Jean-Noël Barrot and Agnès Pannier-Runacher publicly credited the French diplomatic service for persuading States to ratify rapidly, and France will promote implementation and further mobilization at the Ocean Board’s annual meeting (New York, this week).
MCJ invests in Rodatherm closed-loop geothermal
MCJ has announced an investment in Rodatherm as part of a $38M Series A round led by Evok Innovations.
- Main announcement: MCJ invested in Rodatherm’s $38M Series A (led by Evok Innovations, with participation from TDK Ventures, Toyota Ventures, TechEnergy Ventures, Active Impact Investments). Rodatherm is developing a closed-loop advanced geothermal system targeting an LCOE of $50/MWh, and is operating a pilot in Utah with a planned 1.8 MW demonstration test by end of 2026 and an offtake agreement with UAMPS.
- Background and details: Rodatherm targets sedimentary basins using oil-and-gas components and organic working fluids to reduce geologic and O&M risk; the design claims ~50% higher heat extraction efficiency vs traditional binary systems, a closed-loop to eliminate fluid loss and corrosion, and an expected asset longevity of >40 years. The company has operated in stealth since 2022 and its CEO, Curtis Cook, previously founded Vesta Energy (noted as having grown to a $1B asset value).
California and Brazil sign expanded climate partnership
Governor Gavin Newsom announced an expanded partnership between California and Brazil to scale cooperation on climate, clean energy, pollution reduction, and related policy ahead of COP30.
- Main announcement: The State of California signed a Memorandum of Understanding (MOU) with Brazil during Climate Week to pursue joint work on market-based carbon pricing, high-quality carbon offsets, clean transportation (including low-carbon fuels and expansion of zero-emission vehicles and infrastructure), conservation of 30% of lands and oceans by 2030, and strengthening air quality management; the MOU text is available (see document URLs) and the collaboration is timed ahead of UN COP30 in November 2025.
- Background and details: The partnership builds on a February 2025 MOU with 21 Brazilian state governors (Consórcio Brasil Verde) and ongoing cooperation through the Governors’ Climate and Forests (GCF) Task Force and Subnational Methane Action Coalition (SMAC); cited metrics include California GHGs down 20% since 2000, GDP +78% since 2000, ~15,000 MW battery storage, and two-thirds clean energy in 2023.
MIT and INL advance accident-tolerant nuclear fuels
MIT announces expanded collaboration with the Idaho National Laboratory (INL) to develop next-generation nuclear fuels, small modular reactors (SMRs), and reactor instrumentation.
- Main action: MIT and INL conduct joint research, student/postdoc internships, and long-term appointments under an extended memorandum of understanding (originally strengthened in 2019 and extended twice) to test and deploy chromium-coated accident-tolerant fuels now used at U.S. power plants (e.g., Byron Clean Energy Center) and to advance SMRs and space reactor materials.
- Background & details: Collaboration includes the Battelle Energy Alliance (INL manager for the U.S. Department of Energy), the CRISP joint center for instrumentation and controls, an open-source cost-analysis tool developed by Koroush Shirvan showing reactor projects historically run ~2x over budget and ~1.5x longer schedules, and summer internships sending MIT students to INL labs; work covers testing, simulations, and reproducing commercial-reactor environments.
MEPs back EU funding changes for defence investments
The Industry, Research and Energy committee adopted legislation to amend major EU funding programmes to channel EU funding towards defence and security as part of the ReArm Europe Plan.
- Main action: The committee amended STEP, Horizon Europe, the European Defence Fund (EDF), the Digital Europe Programme (DEP) and the Connecting Europe Facility (CEF) to enable defence and security spending, including adding “Defence and security technologies” as a fourth strategic sector under STEP, broadening defence definitions to cover societal resilience (critical infrastructure protection, disaster response, election integrity), endorsing dual-use civil-military projects, and permitting up to 100% EU co-financing for eligible SME/small mid-cap projects under the EDF; the draft was adopted 63 votes to 5 (4 abstentions) and MEPs voted to open negotiations with the Council 64 votes to 5 (3 abstentions).
- Background and details: The changes follow the European Commission proposal of 22 April 2025 under the ReArm Europe Plan to strengthen the European Defence Technological and Industrial Base (EDTIB) with funding from existing budgets; measures include extending CEF eligibility to dual-use transport and fuel infrastructure (military mobility corridors, fuel supply chains, logistics hubs), encouraging DEP support for AI factories/gigafactories for defence-related AI, and exploring pathways to integrate Ukraine’s defence industry with EU programmes; this builds on the Joint White Paper for European Defence Readiness 2030.
HKEX signs MOU to boost Greater Bay carbon markets
Hong Kong Exchanges and Clearing Limited (HKEX) has signed a Memorandum of Understanding (MOU) with Guangzhou Emissions Exchange (CEEX), Shenzhen Green Exchange (SGE) and Maco International Carbon Emission Exchange (MEX) to cooperate in accelerating carbon markets and the green finance ecosystem across the Greater Bay Area.
- MOU signed among HKEX, CEEX, SGE, MEX: the four exchanges will explore new opportunities in carbon markets and green finance, facilitate the exchange of expertise, and foster deeper dialogue to support a regional green finance ecosystem across Hong Kong and the Greater Bay Area. Kicking off the partnership, the four exchanges jointly hosted a seminar at the annual China Carbon Market Conference in Shanghai.
-
Implementation and background details: the exchanges agreed to work closely to identify market opportunities, enhance the connection between mandatory and voluntary carbon markets, and support market participants; quoted official Paul Chow, HKEX Group Chief Sustainability Officer, emphasised unlocking opportunities and building a regional marketplace. Event details:
- Date: “today (Tuesday)” (as stated in the release)
- Location: Shanghai
- Agenda/subject: driving the innovative development of carbon markets in the Greater Bay Area
Amogy and A*STAR partner on ammonia power
Amogy and A*STAR signed an MOU to explore and collaborate on development and deployment of ammonia-based power technologies in Singapore.
- MOU action: Amogy and ASTAR will explore piloting ammonia-to-power systems on Jurong Island, perform demonstration projects, undertake joint R&D on advanced ammonia‑cracking catalyst technologies, and develop digital tools and workforce training for system integration and scale-up; ASTAR will provide expertise in safety and standards, and assess costs and sustainability.
- Background & partners: Amogy (headquartered in Brooklyn, with locations in Houston and Seoul) supplies proprietary ammonia-to-power systems that crack ammonia into hydrogen for fuel cells/engines; the collaboration aligns with Singapore Green Plan 2030 and Singapore’s National Hydrogen Strategy and names SERC Assistant Chief Executive Professor Lim Keng Hui; media contact: amogy@marketbridge.com. Investors in Amogy include Amazon’s Climate Pledge Fund, SK Innovation, Aramco Ventures, Mitsubishi Corporation, Samsung Heavy Industries, BHP Ventures, and AP Ventures.
ORNL develops RidgeAlloy to recycle automotive aluminum
Oak Ridge National Laboratory (ORNL) has announced the development and full-scale part demonstration of RidgeAlloy, a new structural aluminum alloy made from remelted post-consumer automotive body sheet scrap.
- Main announcement: ORNL developed RidgeAlloy and advanced from concept to a successful full-scale part demonstration in 15 months; recycled aluminum ingots supplied by PSW Group’s Trialco Aluminum were cast into automotive parts using high-pressure die-casting at Falcon Lakeside Manufacturing to validate structural performance (strength, ductility, crashworthiness).
- Background and details: The alloy is produced from remelted mixed auto body sheet scrap (contains Al, Mg, Si, Fe, Mn); North America could see up to 350,000 tons annually of such sheet scrap by the early 2030s, remelting is estimated to yield up to 95% reduction in processing energy versus primary aluminum, and RidgeAlloy could enable recycled structural castings equal to at least half of U.S. annual primary aluminum production by the early 2030s.
Knapton H2 Storage wins Ofgem SIF Discovery funding
The Knapton H2 Storage consortium led by Northern Gas Networks, with partners BGS, Centrica Energy Storage, Third Energy Onshore and the University of Edinburgh, has been awarded ‘Discovery’ funding by Ofgem’s Strategic Innovation Fund (SIF) to undertake a feasibility study of geological hydrogen storage potential in the Knapton area, North Yorkshire.
- Main announcement/action: The consortium will use Ofgem SIF Discovery funding under the RIIO-2 innovation framework to evaluate the area’s geology for hydrogen storage at scale, focusing on depleted hydrocarbon reservoirs, porous rock aquifers, salt deposits, and lined rock shafts as possible storage options; the study aims to inform decarbonisation of adjacent gas-fired peaking plants such as Knapton.
- Background and project details: BGS will apply its laboratory and mapping programmes to identify underground exploration targets; Centrica is redeveloping its Knapton site as a multi-vector energy hub (solar, green hydrogen production, battery storage); the project will assess integration readiness and commercial readiness of storage technologies and produce insights to support medium- to large-scale hydrogen storage and H2P roll-out.
McKinsey review: Ocean carbon dioxide removal prospects
McKinsey has published an analysis highlighting the role and potential of ocean carbon dioxide removal (ocean CDR) and calls for urgent, coordinated R&D, regulatory, philanthropic, and industry action to build a foundational ocean CDR ecosystem over the next decade.
- Main announcement and findings: The report outlines five major ocean CDR approaches (coastal ecosystem restoration; direct ocean capture (DOC); ocean alkalinity enhancement (OAE); algae cultivation and harvesting; open-ocean microalgae fertilization), estimates the ocean could support more than ten gigatons of annual CO2 removals, and notes pilot DOC costs of $900 to $3,000 per ton. It highlights high efficiency and high scaling potential but warns of scientific uncertainty and ecological risks that require R&D and robust methodologies.
- Background, evidence, and specific details: Authors include Emma Parry, Mark Patel, Gualtiero Jaeger, Jonathan Scott, and Shruti Badri (McKinsey offices: London, Bay Area, Nairobi). The report cites bodies such as the IPCC, London Convention and London Protocol (which flagged possible “deleterious effects that are widespread, long-lasting, or severe” for some approaches), and research collaborators including CarbonPlan and [C]Worthy. It calls for shared research results, regulatory frameworks, Indigenous and community engagement, and stakeholder funding to derisk and scale ocean CDR within the next decade.
FDI reshapes future industries, AI, and batteries
MGI published a report analyzing announced greenfield FDI projects (2015–May 2025) and finds a decisive shift of announced investment toward future-shaping industries such as data centers (AI infrastructure), semiconductors, EVs/batteries, critical minerals, and low-emissions energy.
- Main finding: The report analyzes roughly 180,000–200,000 announced greenfield FDI projects and shows that since 2022 ~75% of cross-border announcements target future-shaping industries and resources; announced annualized greenfield FDI rose from $1,137 billion (2015–19) to $1,407 billion (2022–May 2025), driven largely by megadeals (>$1 billion) that now account for about half of total announced value. Key sector details: data centers ≈ $170 billion/yr (since 2022; could reach >$370 billion if early-2025 pace continues), semiconductor-related ≈ $115 billion/yr to new fabs, low-emissions energy ≈ $330 billion/yr (three-quarters of energy announcements), and announced hydrogen ≈ $160 billion/yr (high uncertainty; few projects in construction).
- Background and additional details: The shift is geopolitically patterned—advanced economies increased investments among themselves (US attracted large inflows, boosted by Advanced Asia investors), while announced inflows to China fell by nearly 70% relative to the earlier period. About 200 megadeals annually (≈1% of deals) drive most value; examples and specifics: TSMC accounted for roughly $100 billion of early-2025 US-directed announcements, the Calcasieu Parish LNG project cited at $17.5 billion, and several large EV/battery gigafactories with targeted openings in 2025–2026. The report emphasizes that announcements are not firm commitments (historical realization rates vary), cites 60–80% typical realization, and notes many hydrogen megaprojects have not reached construction.
Taiwan launches three-pronged housing policy push
The Ministry of the Interior announced a three-pronged housing policy package emphasizing old-house lifespan extension, virtual floor area reform, and near-zero carbon buildings, presented during regional forums including the Sept 18 session in Taichung.
-
The Ministry announced the main action: three core policies — “old-house lifespan extension and expanded autonomous urban renewal”, “virtual floor area reform”, and the “near-zero carbon building carbon-reduction flagship action plan”; the Ministry will push these through simplified procedures, funding support, and cross-ministerial coordination with the Ministry of Economic Affairs and Ministry of Health and Welfare to improve residential environments and reduce building energy use. Specific measures include prioritizing exterior/public-space improvements for old houses, providing financial subsidies, and introducing innovative technologies to promote energy efficiency and diffusion of near-zero carbon building practices.
-
Background and additional details:
- Policy context: The announcements respond to Taiwan’s 2050 net-zero target and the rapid population aging challenge described as “aging residents and aging housing”; the Land Administration Agency has proposed an “old-house lifespan extension plan” to facilitate repairs and attract younger residents back to old communities.
- Resilience and safety focus: The Ministry will emphasize basement emergency refuge safety facilities and maintenance/protection for island/isolation communities to strengthen infrastructure resilience under the recently passed special statute for economic, social, and livelihood resilience.
-
Events:
-
Date: 2025-09-18 (ROC calendar 114-09-18)
- Time: null
- Location: National Chung Hsing University (Taichung)
- Agenda: Current housing policy forum covering old-house lifespan extension, autonomous urban renewal, virtual floor area reform, and near-zero carbon building initiatives.
-
Date: 2025-09-05
- Time: null
- Location: Northern region forum (not specified)
- Agenda: First regional forum on housing policy.
-
Date: 2025-09-24
- Time: null
- Location: Southern region forum (planned)
- Agenda: Southern regional housing policy forum; invites construction associations, industry, academia, and civil society for consultation.
-
Date: 2025-09-18 (ROC calendar 114-09-18)
HKEX and ADX sign MOU to deepen market connectivity
HKEX has signed a Memorandum of Understanding (MOU) with Abu Dhabi Securities Exchange (ADX) to seek collaboration opportunities and enhance connectivity between the capital markets of Hong Kong and Abu Dhabi.
- Main announcement and scope: HKEX and ADX will explore joint initiatives in market promotion, Exchange Traded Funds (ETFs), ESG-related products, cross-listings and other areas of mutual interest; the MOU was signed by HKEX Chief Executive Officer Bonnie Y Chan and ADX Group Chief Executive Officer Abdulla Salem Alnuaimi on the sidelines of the Global Investopia conference in Hong Kong (signing witnessed by Hong Kong Financial Secretary Paul Chan, UAE Ministry of Investment Undersecretary H.E. Mohammed Alhawi, HKEX Chairman Carlson Tong and Investopia CEO Dr. Jean Fares).
- Background and other details: The MOU builds on ADX’s addition last year to HKEX’s list of recognised stock exchanges; HKEX recently also recognised the Dubai Financial Market; the release highlights growing participation of Middle Eastern funds as cornerstone investors in recent Hong Kong IPOs and reiterates HKEX’s role as a global exchange group (HKEX Stock Code:388) that includes the London Metal Exchange.