MET Group has purchased a 100% shareholding in Comax France, an owner, operator and developer of combined heat and power (CHP) and battery energy storage systems (BESS). The acquisition, MET Group’s first investment in French energy infrastructure, expands its flexible assets portfolio in Western Europe and addresses the increasing need of balancing technologies to support the energy transition.

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.