A new key biodiversity platform for cross sectoral collaboration
For its inaugural launch, World Biodiversity Summit will help define what world leaders and the private sector in biodiversity and climate action need to do in the medium and long term to achieve sustainable development and hinder further biodiversity loss, focusing on partnerships and investment mechanisms as levers of progress. World Biodiversity Summit is a platform for responding to accelerating biodiversity loss, by using the Paris Agreement as a framework to learn from, promoting relevant solutions, innovations, and leadership networks, strengthening nature restoration and conservation. Nature-based solutions will be highlighted, from specificecosystems to global possibilities.
First year tracking of the Danish pension fund commitment towards USD50 billion in green investments by 2030
Insurance & Pension Denmark CEO, Ken Damsgaard reported that Danish pension funds have invested $8 billion in green projects since the 2019 Climate Action Summit in New York. This far exceeds earlier expectations and could lead to Danish pension funds reaching their $50 billion green investment target three years ahead of schedule.
Northvolt - Danica Pension
In 2020, Danica Pension invested approximately EUR 112m in Northvolt to support the development and construction of a lithium-ion battery gigafactory in Sweden. The investment helps accelerate the electrification momentum and the efforts to create a carbon-neutral transportation and energy sector.
When completed Northvolt will be a major European lithium-ion battery production facility, which will be supplying leading European car manufactures with batteries, thus supporting automotive companies in executing on their ambitious targets for the electrical transformation of their car portfolio (electric vehicles).
Furthermore, Northvolt’s batteries also support the significant demand for battery capacity to be used as energy storage systems for energy generated by renewable energy sources such as wind and solar power.
In addition to being 100% hydro and wind energy powered, the manufacturing plant aims for a zero carbon footprint through strict control of sustainability throughout the supply chain.