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The crypto industry was supposed to decarbonize by 2025 - how’s that going?

Corporate Knights

Agencies and organisations like the International Energy Agency and the United Nations have raised concerns about the effects of crypto mining – particularly Bitcoin, the best-known crypto asset. Is Bitcoin the next stranded asset? The post The crypto industry was supposed to decarbonize by 2025 - how’s that going?

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The biggest carbon losers

Corporate Knights

This year, Corporate Knights set out to identify global companies that have decarbonized faster than their peers while simultaneously increasing revenue. Our researchers evaluated the greenhouse gas (GHG) emissions of more than 6,500 publicly traded companies. We eventually whittled the list down to?20 dollars) through 2030. BY Naomi Buck.

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AB: China's State-Owned Enterprises Hold Keys to Carbon Neutral

3BL Media

President Xi Jinping announced in 2020 plans to target peak CO 2 emissions by 2030 and to transition toward carbon neutrality by 2060. For China, decarbonization considerations are tightly tethered to economic development and continued growth. Case Study: Stranded Assets and the Economics of a Chinese Power Plant.

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IPCC issues final warning about ‘rapidly closing window of opportunity’

Corporate Knights

Delaying those actions “would lock in high-emissions infrastructure, raise risks of stranded assets and cost escalation, reduce feasibility, and increase losses and damages.” But there’s still time to take action if countries pick the right decarbonization options and scale up fast.

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At long last, Canada restricts oil and gas subsidies (except for all the loopholes)

Corporate Knights

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. Carbon Capture Backed by Carbon Offsets?

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The Climate Blockers: BASF quietly lobbies against strong climate policy while talking a big game

Corporate Knights

You’d expect a company so directly affected by climate change to be jumping on the decarbonization bandwagon. And its product carbon footprint program, launched in 2020, allows customers to calculate the emissions generated “from cradle to gate” – through extraction, manufacturing and production – for all BASF products.

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'Natural gas' can no longer be the default option for heating new buildings: Report

Corporate Knights

Canadian provinces must rein in their expanding gas systems or risk incurring staggering costs from stranded assets and failure to meet net-zero targets, the Canadian Climate Institute (CCI) warns in a new report. Heat pumps rise from 7 to 73% of purely electric heating, while inefficient baseboard heating falls from 27 to 12%.

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