article thumbnail

HSBC is latest bank to pledge net-zero financed emissions by mid-century

GreenBiz

While the pledge provides limited detail on the measures it will take to slash the carbon emissions of its portfolio or operations, the bank said it would establish "clear, measurable pathways" to net-zero using the Paris Agreement's Capital Transition Assessment Tool (PACTA). Pull Quote. Finance & Investing.

Net Zero 402
article thumbnail

BP, Shell, oil giants fund research into mobile carbon capture from ships at sea

GreenBiz

percent of global greenhouse gas emissions, and has received flak over its failure to come up with a detailed, ambitious plan to decarbonize in line with the goals of the Paris Agreement. The global shipping sector is responsible for around 2.5 The global shipping sector is responsible for around 2.5 percent by 2025.

Shipping 392
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Startup tackles decarbonizing industrial heat processes

GreenBiz

Even with decarbonizing the electric and transportation sector, to reach long-term goals of the Paris Agreement, the United States would need an 80 percent reduction from 2005 levels in economy-wide emissions by 2050. Skyven won the $1 million grand prize in NYSERDA’s annual 76West Clean Energy Competition in 2017.

article thumbnail

Green groups urge UN to raise climate ambition on global shipping

GreenBiz

Campaigners maintain that stronger ambition is required given that the 2030 target the IMO is working towards — a 40 percent reduction in carbon-intensity emissions — is not aligned with the Paris Agreement in the first place.

Shipping 436
article thumbnail

SDSN September 2017 Events Summary

Sustainable Development Network

The 72 nd Regular Session of the United Nations General Assembly (UNGA 72) opened at UN Headquarters on Tuesday, September 13, 2017. The General Debate of UNGA 72 opened on September 19, 2017. A lively discussion ensued with the Permanent Representatives on how universities can best support the implementation of the SDGs.

article thumbnail

Reduce, reuse, recycle, register?

GreenBiz

Elsewhere, Audi, part of the Volkswagen Group, introduced the " Aluminum Closed Loop " process to one of its sites in 2017, and intends to expand the use of this aluminum recycling process to other sites in the near future. .

article thumbnail

Climate Action 100+ Net Zero Company Benchmark Shows Continued Progress on Ambition Contrasted by a Lack of Detailed Plans of Action

3BL Media

The results show that most focus companies are not moving fast enough to align with the goals of the Paris Agreement and reduce investors’ risk. CTI’s assessments show that the CapEx plans of oil and gas companies across the board are not aligned with the Paris Agreement goals. C) pathway.

Net Zero 147