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Switzerland-based MET Group announces the acquisition of Comax, an independent producer of electricity which, after investing in combined heat and power generation, directed its attention to battery energy storage systems (BESS).

A new update of the National Integrated Energy and Climate Plan, better known as PNIEC, has recently been approved. This update represents a new boost to the decarbonisation objectives already set out in the initial formulation of the Spanish climate plan, reflecting a significant increase in the country’s ambition regarding the sustainable targets to be achieved by 2030, less than six years away.

Advocates of the Environmental, Social, and Governance (ESG) movement urge shareholders and corporations to look beyond the bottom line toward a better world. But the movement is not succeeding in that aim when — often through government-backed initiatives — ESG-style policies make it harder to feed the planet.