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Startup tackles decarbonizing industrial heat processes. Wed, 09/16/2020 - 01:30. Skyven Technologies, founded in 2013, is a company with a unique proposition for companies in the industrial sector — a way to save money through decarbonizing. The need for decarbonization in the industrial sector spans far beyond solar.
Despite net-zero pledges, banks used $750 billion to finance fossil fuels in 2020. Despite this significant drop from 2019 to 2020, the overall trend of the last five years is one heading definitively in the wrong direction," the report states. Cecilia Keating. Fri, 03/26/2021 - 00:05.
Tue, 10/13/2020 - 00:46. 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 ParisAgreement's Capital Transition Assessment Tool (PACTA). Cecilia Keating.
Mon, 10/26/2020 - 00:05. A coalition of oil and gas majors are eyeing up the potential to capture carbon dioxide emissions from ships out at sea, teaming up with global tanker owner and operator Stena Bulk to evaluate the feasibility of technology they claim could play a key role in decarbonizing the hard-to-abate sector.
Join us for a conversation about the power of companies (big and small) coming together to tackle the climate crisis, and hear why Global Optimism and Amazon co-founded The Climate Pledge—a bold commitment to become net zero carbon by 2040—10 years ahead of the ParisAgreement. . Thu, 08/20/2020 - 08:42. Thu, 09/24/2020 - 10:00.
Tue, 10/20/2020 - 00:15. The global shipping industry's decarbonization efforts once again face stormy seas. degrees [of warming] we need to decarbonize by the mid-2030s," he explained. "To To achieve 2 degrees we need to decarbonize by mid-century. degrees [of warming] we need to decarbonize by the mid-2030s.
Thu, 08/13/2020 - 02:15. In time, decarbonizing industrial heat is likely to require an all-of-the above mix of solutions. In time, decarbonizing industrial heat is likely to require an all-of-the above mix of solutions. Watch out for more news in this space at CRS’ Renewable Energy Markets 2020 , convening online for free Sept.
Thu, 12/17/2020 - 00:20. Looking forward, with customers, investors and policymakers increasing pressure to adhere to the ParisAgreement, reducing greenhouse gas emissions is a critical element of maintaining competitiveness. A new Swedish iron processing project could disrupt the global steel industry. Thomas Koch Blank.
Tue, 11/24/2020 - 00:40. Specifically, JPMorgan Chase announced in October that it would shape its financing portfolio in three key sectors to align with the ParisAgreement; three days later, HSBC announced its statement of net-zero ambition. Taking stock of Chase, HSBC, and Morgan Stanley's recent climate commitments.
Wed, 05/13/2020 - 02:57. year planning process, aren’t officially science-based targets but they are "more aggressive" than the 2 degrees Celsius reduction scenarios suggested by the ParisAgreement, according to ADM’s chief sustainability officer, Alison Taylor. Decarbonization. Heather Clancy. Food & Agriculture.
clean energy sectors showed strong resilience in 2020, continuing a decade-long growth trend, BloombergNEF (BNEF) and the Business Council for Sustainable Energy (BCSE) find in their annual joint report. Decarbonization of U.S. energy accelerated in 2020 and the benefits will be felt for years to come.”. power in 2020.
Mon, 11/30/2020 - 01:00. Campaigners have long argued that while major fossil fuel companies are spending big sums on publicly pushing messages that suggest they are committed to decarbonizing by investing in greener forms of energy, in reality, the overwhelming majority of their capital expenditure still goes towards oil and gas.
Fri, 10/30/2020 - 00:10. She chats about JPMorgan Chase's new financing commitment aligned with the ParisAgreement, how it's helping clients with their carbon mitigation journeys, and its strategy for supporting stronger community resilience. . Missing pieces of decarbonization. org's Bill McKibben. Heather Clancy.
This year, Corporate Knights set out to identify global companies that have decarbonized faster than their peers while simultaneously increasing revenue. Yet the pace and scale of their reductions is in the realm of what every company and country must do by 2030 to keep the faith of the ParisAgreement. Top Company Profile.
The Northern Lights project was launched in late 2020, as the transport and storage component of Longship, the Norwegian Government’s full-scale carbon capture and storage project. This will bring a strong contribution to the decarbonization of European industry.”
Thu, 06/25/2020 - 00:30. This lesson on the importance of actionable data did not go unnoticed for those of us working on industrial decarbonization. Whether pandemic or climate crisis, you better get your data right. Paolo Natali. At the same time, we collectively were searching for data to drive lifesaving decision-making.
Fri, 09/25/2020 - 01:00. From an emissions standpoint, Climate Week 2020 may go in the books as the greenest of all time. . Signatories agree to implement decarbonization strategies in line with the ParisAgreement. First stop: Climate commitments. Next stop: Climate action? Sarah Golden.
In 2021, the value of carbon credits traded on the voluntary market exceeded US$1 billion , more than double the value in 2020. At COP26, in November 2021, states agreed on a series of rules to govern market-based activities under Article 6 of the ParisAgreement. Communities at risk.
In 2020, a blistering analysis showed Canada leading the G20 countries in per capita public financing to oil and gas. That work was meant to conclude by 2020. billion in 2020/21 and another $1.5 Those guidelines are due to be released in 2024. billion for the first nine months of 2021/22.
The Canada Greener Homes Grant, and the accompanying low-interest loan, belong to the smorgasbord of incentives that aim to nudge Canadians’ dwellings in the direction of our ParisAgreement targets. We can’t decarbonize without a massive scale-up. Some provinces – B.C. We’re going nowhere near fast enough.”. The Italian job.
By 2030, Euronext aims to reduce its Scope 1 and 2 market-based greenhouse gas emissions by 70% from a 2020 baseline, and Scope 3 travel emissions by at least 46.2% C compared to pre-industrial levels, as set out in the ParisAgreement. from a 2019 baseline.
The Net Zero goal, i.e. reduction of greenhouse gas emissions and the subsequent removal of residual emissions to as close to zero as possible along the entire value chain , is at the heart of the European Green Deal and considered crucial to limiting global warming to well below 2°C in line with the ParisAgreement.
The big stories of 2020 were not just about a pandemic, a reckoning on racial justice, an economic calamity and the ever-imminent rise of climate change impacts. Many celebrated with their CSOs on meeting ambitious corporate targets for 2020, while setting audacious new goals for 2025, 2030 and 2050. Elsa Wenzel. Company profile.
Under the Glasgow Financial Alliance for Net Zero forged for COP26, the banks have committed to not only decarbonize their portfolios but to adopt a transparent and rigorous short-term strategy that ensures they meet that 2050 target. “Ultimately, best practices come down to are we seeing year-over-year changes in their capital flows?”.
The launch of the plan follows HSBC’s initial 2050 net zero target , set by the bank in 2020, which included a commitment to align its financing activities with the goals of the ParisAgreement, with the carbon emissions of clients and projects financed by HSBC reduced to net zero by 2050 or sooner.
The new targets form part of the company’s commitment, announced in October 2020 , to align its financing activities with the goals of ParisAgreement, and to help clients navigate the challenges and capitalize on the long-term economic and environmental benefits of transitioning to a low-carbon world.
According to Equinor CEO Anders Opedal, the agreement marks a “major milestone for the development of carbon capture, transport and storage,” viewed as a key tool for the decarbonization of heavy industries.
Canada is also required under its ParisAgreement obligations to set 5-year emissions reduction targets, or Nationally Determined Contributions (NDCs) to the agreements ambition to limit global temperature increase to well below 2 C above pre-industrial levels and pursue efforts to limit it to 1.5
We believe that RNG provides a cost-effective way to decarbonize sectors like heavy transport. In November 2020, we announced greenhouse gas emissions reduction targets aligned with the ambitions of the IPCC and the ParisAgreement. with more to come.
Recognizing the need for ambitious yet practicable actions to impact the environment, the company has expanded its net-zero emissions goals and is committing to achieving net-zero greenhouse gas emissions across Scopes 1 and 2 as well as Scope 3 by 2050 in alignment with the ParisAgreement.
Accelerating decarbonization requires not only innovation, but also advocating for policies that remove barriers and support adoption at scale,” said Scott Tew, vice president of Sustainability, Trane Technologies. As the window for limiting global warming to 1.5°C
C as a “survival target” for average global warming, and the meeting recognized that the most technically achievable decarbonization options are also the most economically feasible. But there’s still time to take action if countries pick the right decarbonization options and scale up fast. The dangers of overshooting 1.5°C
For example, despite the disruption of the past 12-18 months, in its recent Renewable Energy Market Update, the International Energy Agency (IEA) said that, in 2020, annual renewable capacity additions increased 45 percent to almost 280 GW – the highest year-on-year increase since 1999. For example, under the ParisAgreement, the U.S.
SDSN continues to work closely on an initiative that will help accelerate deep decarbonization efforts and inform science-based pathways to net zero The global scientific consensus is unequivocal: the world is in the midst of a climate crisis and our window to meaningfully reduce greenhouse gas emissions (GHGs) is closing.
The Company thus set a strong base for fulfilling its future environmental goals and reaching the level of decarbonization required to meet the goals of the ParisAgreement, and early in 2022, Gildan signed the Science Based Targets initiative (SBTi) commitment letter. 68% reduction in waste clippings compared to 2020.
The new targets form part of the company’s commitment, announced in October 2020 , to align its financing activities with the goals of ParisAgreement, and to help clients navigate the challenges and capitalize on the long-term economic and environmental benefits of transitioning to a low-carbon world.
You’d expect a company so directly affected by climate change to be jumping on the decarbonization bandwagon. It has publicly endorsed the ParisAgreement on climate change as well as the EU’s target of being net-zero by 2050. On the face of it, it is.
The company’s new sustainable finance goal replaces its current pledge , announced in 2020, to help raise €120 billion between 2019 and 2023 through energy transition-related sustainable financing solutions by 2023. Societe Generale indicated that it has already significantly surpassed its goal, reaching €157 billion by the end of 2021.
Our greenhouse gas reduction goals are to achieve 50% reduction from 2007 levels by 2030 and to reach net zero by 2050, consistent with the commitments of the ParisAgreement. Effective Execution of Decarbonization Strategies Through 2023, Southern Company has reduced Scope 1 GHG emissions by 49% relative to our baseline year of 2007.
Since the market bottomed in the spring of 2020, the Global 100 has made gains of 22% against the ACWI, reflecting investors’ focus on a green recovery. As the “decade of action” on decarbonizing the economy kicks off in earnest, the most sustainable companies are more productive in terms of both carbon and energy.
This leading global investment firm introduced its Carbon Emissions Reduction Program in September 2020 with the goal of reducing carbon emissions by 15% across all new investments where it controls energy usage. Sphera also helped Aptar incorporate its TCFD assessment results into the company’s climate change response for 2020.
SUMMARY: Aligned With the ParisAgreement and Approved by the Science Based Targets Initiative (SBTi), JetBlue Commits to Reduce Jet Fuel Emissions 50% Per Revenue Tonne Kilometer by 2035 From 2019 Levels. SOURCE: JetBlue Airways. Reducing Fuel Burn. Neste and World Energy.
The economic consequences of the COVID-19 pandemic caused CO2 emissions from buildings and construction to fall significantly in 2020, but a lack of real transformation in the sector means that emissions will keep rising and contribute to dangerous climate change, according to the 2021 Global Status Report for Buildings and Construction.
In 2020 JetBlue became the first U.S. Universal Hydrogen was founded in 2020 by aviation industry veterans Paul Eremenko, John-Paul Clarke, Jason Chua, and Jon Gordon. The company is also developing conversion kits to retrofit existing 40-60 passenger regional airplanes with a hydrogen fuel cell powertrain.
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