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HSBC is latest bank to pledge net-zero financed emissions by mid-century. HSBC has become the latest bank to commit to achieving net-zero financed emissions, announcing Monday that it intends to align its portfolio of investments and debt financing with global climate targets by mid-century. Cecilia Keating.
With more than one quarter of the global economy committed to achieving net-zero emissions over the coming decades, it follows that the shipping sector will be under increased pressure from governments and private players to clean up its act. As the U.K.
Netzero offers ‘huge economic development opportunity’ for Scotland. A new report suggests immediate action aimed at achieving netzero carbon can still offer a significant economic opportunity for Scotland – and the transport sector is “hugely optimistic” about the country’s prospects of decarbonisation.
One of 44 global signatories to pledge to WorldGBC’s NetZero Carbon Buildings Commitment covering a whole life carbon emissions approach . Secured over S$3 billion of sustainable financing since 2017. Decarbonising and Innovating towards a NetZero Future .
DESCRIPTION: One of 44 global signatories to pledge to WorldGBC’s NetZero Carbon Buildings Commitment covering a whole life carbon emissions approach. Secured over S$3 billion of sustainable financing since 2017. Decarbonising and Innovating towards a NetZero Future. SOURCE: 3BL Alerts.
In 2017, Shell sponsored polar explorer Robert Swan and his son on an expedition to the South Pole to promote biofuel. This year’s worst offender, with 55 fossil fuel contracts, is the British holding company WPP, which, in a gross contradiction, has pledged to achieve net-zero emissions in its operations by 2025.
Contractors lay pipe at the Crescent Dunes Solar Thermal Facility in Nevada in 2017. At COP26, commitments were made to end support for the fossil fuel energy this year. One startup was the launch of the Glasgow Financial Alliance for NetZero (GFANZ). Photo by Dennis Schroeder / NREL).
The number of countries and companies that have made commitments to transition their activities to net-zero emissions has increased dramatically. Many of these economies are currently more dependent on fossil fuel use than developed ones, which means that in the race to reach netzero emissions, the playing field isn’t level.
The Glasgow Financial Alliance for NetZero (GFANZ) will be delivering half of the financial commitments made to Indonesia and Vietnam. To support emerging market climate transitions, developed countries and private investors are drawing up an ambitious blueprint, but is it working?
When I attended COP26 (Glasgow) in 2021, the momentum had increased, and I could see that the UN’s Race to Zero was gaining traction.” The NetZero Asset Owner Alliance (NZAOA) was formed at COP25, with the NetZero Insurance Alliance (NZIA), NetZero Banking Alliance (NZBA) and umbrella group GFANZ all formed during COP26.
In addition, CDPQ has reduced the carbon intensity of its corporate portfolio by 59% compared to 2017, when it released its inaugural SI strategy. Back in 2017, CDPQ’s SI strategy covered the whole portfolio, with targets on investing in green assets and reducing its carbon intensity.
This focus on a green economy can, in part, be attributed to 2021 meetings including the World Economic Forum’s Sustainable Impact Development Summit , the UN General Assembly , and COP26 , where discussions were focused on making a concerted shift toward a green economy around the globe. However this isn’t totally new.
In 2017, there were 884 cases brought in 24 countries. The years following COP26 will see a proliferation of international and domestic climate change and sustainability policy and regulation to which there will also be a corresponding increase in the number of related disputes globally.
Clearly, current incentives do not sit well alongside the UK’s netzero ambitions. But the UK’s approach is seen as half-hearted at best, and it certainly deviates from the position outlined in the IEA’s NetZero by 2050 analysis, which says oil and gas exploration must cease after 2021. “If trillion in 2017.
The phase out of non-hybrid or non-electric vehicles forms part of an ongoing shift towards a greener transport industry, in part driven by government netzero initiatives. The Department for Transport’s ‘Freight Carbon Review 2017’ estimates that 23.5% Many severely underestimate the hidden cost of the UK’s logistics model.
Much of its £14 billion debt pile was built up under the ownership of Australian bank Macquarie, but its current investors – including Canada’s OMERS and the UK’s USS – have not seen a dividend since buying into the company in 2017. They’ve also agreed to fund an eight-year transformation programme to the tune of £1.5
A paper from the UN convened Net-Zero Asset Owner Alliance (NZAOA) argues that much more private capital can flow to climate adaption and mitigation projects in emerging markets via blended finance solutions. The public-private partnerships (PPPs) often used to finance infrastructure, for example, are another form of debt.”.
Instead, they see our net-zero targets slipping away and they feel betrayed. The list’s sheer variety confirms climate experts’ contention that net-zero will create infinite opportunities for entrepreneurs and inventors with vision, grit and persistence. But daunting challenges bring out the best in people.
In the first episode of the podcast series, host, Sumit Bose , journalist, broadcaster, and founder of future NetZero , is joined by policy expert, Jeannie Salo , USA Government Relations SVP, and sustainability expert, Vincent Petit , Head of the Schneider ElectricTM Sustainability Research Institute.
These goals include net-zero GHG emissions economywide by 2045 and net-negative emissions thereafter, along with a 40% reduction in statewide GHG emissions from 1990 levels by 2030 and 80% by 2050. SCE’s Long History of Clean Energy Action. Thought Leadership.
“It is never about the individual, but the collective,” says Jodi-Ann Jue Xuan Wang, 26, the daughter of first-generation immigrants who advises investors and governments on an equitable transition to net-zero. She specializes in climate policy and finance, advising investors and governments on an equitable transition to net-zero.
Answering A Question From COP26: “Hell Yes”. Jim Boyle, CEO of Sustainability Roundtable Inc, as a delegate of the Sustainable Innovation Forum at COP26 in Glasgow, Scotland. UN News, “COP26: Enough of ‘treating nature like a toilet’ – Guterres brings stark call for climate action to Glasgow,” United Nations, November 1, 2021.
As a result, CO2 emissions are concentrated: s ix countries – South Africa, Egypt, Algeria, Morocco, Libya and Nigeria – were responsible for 84% of emissions from electricity generation in 2017. . Transition opportunities also vary across Africa.
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