Entries by carbonfund

Constellation Secures $1B DOE Loan to Restart Crane Clean Energy Center and Boost America’s Nuclear Energy Future

U.S. Secretary of Energy Chris Wright announced on November 18 that the Department of Energy’s Loan Programs Office has finalized a $1 billion loan to help lower energy costs and restart a Pennsylvania nuclear power plant. The funding will support Constellation Energy Generation, LLC in financing the Crane Clean Energy Center, an 835 MW facility […]

Boeing Partners With Charm Industrial to Remove 100,000 Tons of CO₂

Boeing has taken a major step toward its long-term climate goals by signing a large offtake agreement with Charm Industrial. Under this deal, Charm will remove up to 100,000 metric tons of carbon dioxide from the atmosphere. The agreement marks Boeing’s first major purchase of permanent carbon removals and signals a shift in how aviation […]

COP30 Ends in Belém: Big Money for Adaptation, Big Misses on Fossil Fuels

The 30th United Nations Climate Change Conference (COP30) concluded last Friday in Belém, Brazil. Countries met to discuss how to respond to climate change and support global climate goals. The meeting produced some progress, especially in climate finance. However, it did not include binding commitments to end fossil fuel use or stop deforestation. The outcome, […]

IFC Backs Brookfield’s $5B Climate Fund with $100M Investment

The International Finance Corporation (IFC), a World Bank Group member, is making a $100 million investment in Brookfield Asset Management’s Catalytic Transition Fund. This fund focuses on climate solutions in emerging markets. It aims to help developing economies shift to cleaner power, reduce emissions, and support long-term sustainable growth. The IFC is committed to increasing […]