European Innovation Council

Danfoss, the Danish corporate focused on energy-efficient solutions, is now embarking on an ambitious journey to become CO2 neutral in all of the company’s global operations by 2030. To achieve this goal, Danfoss joined Europe’s first “Greenathon”, hosted by the EIC. The multinational company is working systematically to reduce the environmental impact of the company’s operating activities, while monitoring of the consumption of materials, chemicals, energy, and the production of waste. The weekly Green O’Clock got us together with Dietmar Baro, Vice President R&D and Engineering at Danfoss.

The Finnish-Swiss biotechnology company secured €28 million in a new capital funding round. The funds come from the strategic investor BW Group, one of the world’s leading maritime groups in the tanker, gas, and offshore segments. With this new investment, Ductor will develop up to 200 new bio-gas and sustainable fertilizer projects in Europe and North America in the next three years. 

More than half of the world’s population is living in cities. The urban growth shows no sign of slowing and it’s becoming a big source of greenhouse gas emissions. Larger cities are consuming ⅔ of the world's energy and generating er 70% of global CO2 emissions. But, in the heart of every city lies an opportunity to drive a greener revolution. The cities can play a key role in meeting the targets outlined in the European Green Deal on climate change and some have made already important steps to become more sustainable. Spanish cities Alcoy and Logroño join the Greenathon initiative and bring two new sustainability challenges for EIC innovators to take the right green action.