Good morning. Here is the latest news, research and market analysis that sustainable technology partners need to know for Tuesday, February 28, 2023.
1. Research - Green Technology and Sustainability: The green technology and sustainability market is expected to reach $51.09 billion by 2029, up from $13.76 billion in 2022, according to Fortune Business Insights. That's a compound annual growth rate (CAGR) of 20.6%.
2. Partnership - Sustainability Consulting & Reporting: KPMG and ESI Monitor have inked an alliance to "provide sustainability consulting and ESG reporting services with their ‘FutureTracker’ platform," the two companies said.
3. Green Telecom Networks: Huawei has launched new networking solutions that are "designed to assist operators worldwide in building simple, green, and intelligent networks," the China-based networking company said during Mobile World Congress (MWC) 2023 in Barcelona, Spain. The new offerings are branded to offer "intelligent site power," "intelligent simplicity," "intelligent green" and "intelligent saving" capabilities.
4. Cloud Services: Brillio, a enterprise-focused digital transformation solutions provider, is promoting sustainable supply chain solutions built on Microsoft Azure.
5. Funding - Green Transportation: UC Davis will receive a $20 million federal grant to study transportation effects on the environment, the university said.
6. Research - Clean Energy vs Fossil Fuel Funding: Banks gave 81 cents in financing support to low carbon energy supply for every dollar they provided to fossil fuels in 2021, a BloombergNEF report showed, but they will need to ramp up their commitments much further for the world to hit its climate goals, Reuters reported.
7. Criticism - Net Zero Banking Alliance: The biggest financiers of the world’s energy supply — many of which happen to be members of the Net-Zero Banking Alliance — are a long way from meeting their commitments, BloombergNEF reported.
8. ESG - U.S. Policy Showdown: The Republican-controlled U.S. House is expected to vote today on a bill to block President Joe Biden's administration from allowing retirement plans to consider environmental, social and corporate governance, or ESG, issues in their investment decisions, Reuters reported.
9. Greenwashing Lawsuit: Australia’s corporate regulator has launched its first court action against greenwashing, accusing pension fund Mercer Superannuation Australia Ltd. of misleading investors in the marketing of some sustainable products, Bloomberg reported.
Got news to share? Email the details to Sustainable Technology Partner Editorial Director Joe Panettieri.