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Earth Catalyst gathers the most recent updates from over 1,000 green tech and sustainability organizations each day. If you subscribe to our free newsletter, we'll send you a small selection (daily or weekly) that we think will be most meaningful to you.

 

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Coast Funds has secured $335M in long term financing

  • Writer: Marshall Kirkpatrick
    Marshall Kirkpatrick
  • 5 days ago
  • 34 min read

Here's some good news. $335M in financing secured for businesses, communities, and ecosystems to grow together: everyone should know about this model being built by an organization called Coast Funds.


It's good business, but it's also something much bigger. It's an alternative to the extractive model of growth we're often taught is our only choice.


The Coast Funds (operating in the region also known as Canada) just published their annual report for 2024, with a great 4 minute video overview I highly recommend. It's a long term green finance campaign. In business terms it will:


* Grow revenue through income diversification and capital attraction


* Reduce costs through economies of scale from pooled finance and cost sharing


* Reduce risk through long-term funding commitments and ecological resilience to foster economic stability


But there's a whole lot more going on here than that. If those terms are your primary frame of reference, I invite you to keep one foot there - and step with your other foot into a different frame of reference you'll see in watching this short video.


And now, our daily summaries of nearly 200 selected updates from around the world of green tech and sustainability.


Today's Updates


Table of Contents


  • 🌾Agriculture (8 stories) - Rodale/Propagate expand organic farming; Coffee Watch challenges Brazil imports; USDA funding cuts; CA solar farms boom; Pingree's resilience act; Brightseed/Haleon AI; DJI drone growth; Local Processing Act.


  • 🪨Carbon (12 stories) - South Korean wildfires, Amazon carbon storage, Brazilian rock weathering, Blair's fossil fuel stance, EU carbon pricing, Occidental's carbon capture, Remora's rail capture, carbon credit code, satellite disposal impacts, WWU nitrogen research.


  • ♻️Circular (9 stories) - Arda Biomaterials, Syre, DePoly, Alphabet's X & Dow advance circularity; microplastic concerns grow; Keurig develops algae-based pods.


  • 🌱Ecosystems (22 stories) - Whitley Award for Reshu Bashyal, Virunga wildlife decline, Nsengimana's crane conservation, Oregon wildlife crossings, Strickland River threats, marine protected areas, Arctic plant study, Attenborough's 'Ocean' film, Jerusalem wildfire, microplastic mapping, Great Barrier Reef bleaching, North American bird extinction risk, RestorLife Award, Ottawa River flood watch, Amazon jaguar populations, Waterston Desert Writing Prize, Samford University salamander protection, Natural History Museum biodiversity exhibition, urban dandelion adaptations, air pollution health risks.


  • Efficiency (8 stories) - BC's Zero Carbon Step Code lags; LA wildfire rebuilds favor all-electric; BayWa r.e. gains 30% with digital tools; Nanomaterial boosts solar cable efficiency; Water reuse showcased at SF Climate Week; Aerosol duct sealing cuts HVAC waste; Free cooling saves spring energy; Pump optimization improves power plant efficiency.


  • 💰Finance (17 stories) - Brazil's $125B Tropical Forest Fund, renewable energy finance for conflict zones, Pioneer Point Partners' €1.1B fund, Growers Edge's $25M for agrifintech, Datamaran's ESG tool, and Royal Bank of Canada's abandoned sustainable finance target.


  • 🔌Grid (22 stories) - AI-powered grid resilience (CenterPoint, Consumers Energy), EU demand up, Spain blackout probes solar link, data center rate debates, AGL battery at Liddell, Australia shifts to renewables, MGA Thermal brick storage, US battery pledge, data center grid strain.


  • 🌍Indigenous (13 stories) - NDN Fund supports Native Conservancy; First Nations invests in Great Bear Sea; Brazilian Indigenous communities address lithium mining; Yanomami scholars research traditional knowledge; Indigenous languages encode environmental knowledge.


  • 🏭Industry (24 stories) - Nickel mine landslide, clean energy job training grants, GoodWe's BIPV, Pure Lithium's anodes, Corning's solar investment, green hydrogen facilities (Aberdeenshire, RWE), national hydrogen pipeline (Germany), fusion pilot plant (Hessen), JinkoSolar shipments, Nippon Energy factory, First Solar's earnings, ExxonMobil's plastics plant, Panasonic exits solar.


  • 📜Policy (71 stories) - EPA grant terminations, legal battles for river personhood, state-level climate action despite Trump, California's Clean Air Act fight, and "Climate Superfund" legislation in ten states.


  • 🔋Renewables (11 stories) - Community solar savings, JA Solar offshore modules, US surpasses fossil fuels, Microsoft & Clearway wind deal, Stonepeak invests in Repsol solar.


  • 🚗Transport (10 stories) - Sustainable Aviation Fuel Certificates, Kofa, Roam, Exeter Airport, Volkswagen ID.3 GTX, BYD Seagull in Brazil, Dow & Jaguar TCS Racing, Waymo & Toyota Autonomous Vehicles.


Agriculture

Rodale/Propagate expand organic farming; Coffee Watch challenges Brazil imports; USDA funding cuts; CA solar farms boom; Pingree's resilience act; Brightseed/Haleon AI; DJI drone growth; Local Processing Act.



Carbon

South Korean wildfires, Amazon carbon storage, Brazilian rock weathering, Blair's fossil fuel stance, EU carbon pricing, Occidental's carbon capture, Remora's rail capture, carbon credit code, satellite disposal impacts, WWU nitrogen research.



Circular

Arda Biomaterials, Syre, DePoly, Alphabet's X & Dow advance circularity; microplastic concerns grow; Keurig develops algae-based pods.



Ecosystems

Whitley Award for Reshu Bashyal, Virunga wildlife decline, Nsengimana's crane conservation, Oregon wildlife crossings, Strickland River threats, marine protected areas, Arctic plant study, Attenborough's 'Ocean' film, Jerusalem wildfire, microplastic mapping, Great Barrier Reef bleaching, North American bird extinction risk, RestorLife Award, Ottawa River flood watch, Amazon jaguar populations, Waterston Desert Writing Prize, Samford University salamander protection, Natural History Museum biodiversity exhibition, urban dandelion adaptations, air pollution health risks.



Efficiency

BC's Zero Carbon Step Code lags; LA wildfire rebuilds favor all-electric; BayWa r.e. gains 30% with digital tools; Nanomaterial boosts solar cable efficiency; Water reuse showcased at SF Climate Week; Aerosol duct sealing cuts HVAC waste; Free cooling saves spring energy; Pump optimization improves power plant efficiency.



Finance

Brazil's $125B Tropical Forest Fund, renewable energy finance for conflict zones, Pioneer Point Partners' €1.1B fund, Growers Edge's $25M for agrifintech, Datamaran's ESG tool, and Royal Bank of Canada's abandoned sustainable finance target.



Grid

AI-powered grid resilience (CenterPoint, Consumers Energy), EU demand up, Spain blackout probes solar link, data center rate debates, AGL battery at Liddell, Australia shifts to renewables, MGA Thermal brick storage, US battery pledge, data center grid strain.



Indigenous

NDN Fund supports Native Conservancy; First Nations invests in Great Bear Sea; Brazilian Indigenous communities address lithium mining; Yanomami scholars research traditional knowledge; Indigenous languages encode environmental knowledge.



Industry

Nickel mine landslide, clean energy job training grants, GoodWe's BIPV, Pure Lithium's anodes, Corning's solar investment, green hydrogen facilities (Aberdeenshire, RWE), national hydrogen pipeline (Germany), fusion pilot plant (Hessen), JinkoSolar shipments, Nippon Energy factory, First Solar's earnings, ExxonMobil's plastics plant, Panasonic exits solar.



Policy

EPA grant terminations, legal battles for river personhood, state-level climate action despite Trump, California's Clean Air Act fight, and "Climate Superfund" legislation in ten states.



Renewables

Community solar savings, JA Solar offshore modules, US surpasses fossil fuels, Microsoft & Clearway wind deal, Stonepeak invests in Repsol solar.



Transport

Sustainable Aviation Fuel Certificates, Kofa, Roam, Exeter Airport, Volkswagen ID.3 GTX, BYD Seagull in Brazil, Dow & Jaguar TCS Racing, Waymo & Toyota Autonomous Vehicles.


 
 
 

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