Author: omc_admin

$30M Series A led by USV will fund Mombak’s expansion from startup to large-scale reforestation platform. $150M in carbon credit contracts secured—with projections to quadruple in 2024. Investor momentum builds in Brazil’s carbon removal sector, drawing major corporate offtakers like Google, Microsoft, and Meta. Brazilian carbon removal startup Mombak has secured $30 million in Series A funding, led by Union Square Ventures (USV), to accelerate reforestation and carbon credit operations across the Amazon. Founded in 2021, Mombak restores degraded farmland and pasture by planting native trees, generating high-integrity carbon credits for the voluntary offset market. The company has already planted…

United States President Donald Trump said this month that his tariffs were bringing in $2bn a day already. The real number turned out to be $192m per day at the time. While the import revenue has increased slightly since then, it is still nowhere close to what the president had suggested. On Friday, April 25, according to the most recent data from the US Department of Commerce, the US brought in $285m in customs and certain excise taxes for the day. Thus far in April, the total has hit more than $16.1bn. The daily income is up from $128m that…

Strategic Collaboration: First-of-its-kind MoC between a Japanese financial institution and Invest India, targeting green growth and sustainable investments. Investment Acceleration: Builds on $25.58B in Japanese FDI equity into India to further catalyze climate-aligned sectors. Public-Private Synergy: Combines Mizuho’s research with Invest India’s facilitation to help clients enter and expand in India’s decarbonization landscape. Mizuho Bank has become the first Japanese financial institution to sign a Memorandum of Cooperation (MoC) with Invest India, marking a significant step in strengthening sustainability and decarbonization-focused investments in India. This partnership aims to accelerate Japanese investment in India’s clean energy transition while leveraging both parties’…

Donald Trump’s administration has dismissed all contributors to the US government’s flagship study on how to prepare for climate change impacts, prompting strong criticism from experts over a “senseless” move.The climate assessment is used by federal and local governments to understand how to prepare for climate crisis impacts including from extreme heat, hurricanes, flooding and drought.The dismissal of nearly 400 contributors, who are scientists and other experts, to the sixth National Climate Assessment (NCA), which is mandated by Congress, leaves the future of the report in doubt since the multi-year, peer-reviewed analysis is due for publication in 2028.The experts were…

$100M investment fuels the development of 11GW in solar, wind, and battery storage projects across India. Accelerates India’s path toward 500GW renewable energy capacity by 2030. Strengthens local supply chains and supports economic growth in the Global South. ALTÉRRA, the world’s largest private climate investment vehicle, has made its first direct investment into the Global South—injecting $100 million into India’s clean energy platform, Evren. The co-investment, made through the ALTÉRRA Acceleration Fund, includes participation from Brookfield Global Transition Fund II and other investors. The capital will fund the development and construction of up to 11 gigawatts of renewable energy projects…

POSCO raised $700 million through a two-tranche green bond issuance, backed by investor demand exceeding $6.6 billion. The bonds were priced significantly tighter than initial guidance, indicating strong market confidence. Proceeds will fund new and existing green projects, aligning with POSCO’s sustainability agenda South Korean steelmaker POSCO Holdings has successfully raised $700 million through a heavily oversubscribed green bond issuance, reinforcing investor confidence in its sustainability strategy. The funding was split across two tranches: $400 million in a five-year bond and $300 million in a 10-year bond. Investor appetite was robust, with orders topping $3.8 billion for the five-year and…

President Donald Trump signed a new executive order on Monday requiring commercial truck drivers in the U.S. to pass an English literacy test. This move could impact the supply chain by causing drivers to be pulled off the road. What’s RelatedWhite House Press Secretary Karoline Leavitt said the rule will fix communication problems that happen between truckers and local or federal officials. “You might not know, but there are a lot of communication problems between truckers on the road with federal officials and local officials, as well, which obviously is a public safety risk,” Leavitt said. Drivers who cannot prove…

The Bank of Mauritius will embed climate-related risks into regulatory and financial stability frameworks. Strategic partnership includes EU and AFD support to develop sustainable finance tools and build institutional capacity. Programme aligns Mauritius’ financial system with international standards in resilience and sustainability. The Bank of Mauritius has entered a strategic partnership under the SUNREF – Cap sur la Finance Durable programme to strengthen its sustainable finance framework. Backed by the Agence Française de Développement (AFD), the Delegation of the European Union, the Mauritius Bankers Association Limited, and Business Mauritius, the initiative is designed to embed climate risk into the core…

$200M forestry fund targets high-integrity carbon credits and sustainable timber in climate-resilient U.S. regions. Joint venture brings together EFM’s forestry expertise and Sojitz’s global capital networks, focusing on nature-based climate solutions. Fund positions investors to access premium carbon credits with biodiversity, community, and rural economic co-benefits. EFM, a U.S.-based forest investment and management firm, has partnered with Sojitz Corporation of America—a wholly owned subsidiary of Japan’s Sojitz Corporation—to launch a $200 million forestry investment fund focused on climate-smart forest stewardship and high-integrity carbon credit generation. The fund, to be managed by the newly formed EFM Sojitz Management, LLC (ESM), will…

QatarEnergy and Exxon Mobil Corp. on Monday secured regulatory approval to commission their Sabine Pass, Texas liquefied natural gas (LNG) project. The go-ahead from the Federal Energy Regulatory Commission (FERC) applies to Golden Pass LNG’s boil-off gas compression system, LNG storage, liquefaction system, LNG pumps, and end flash gas compression system. The permit was requested December 2023. “[T]his approval does not grant Golden Pass the authority to commission or introduce hazardous fluids into other project facilities at the LNG terminal”, said a letter penned by Ghanshyam Patel, chief of LNG Branch 1 of FERC’s projects office. “Additional authorizations will be…