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Members of Alberta’s governing United Conservative Party are debating whether to abandon existing net-zero targets at the party’s annual general meeting in Red Deer this week – a move that would further signal the province’s departure from global and national priorities for mitigating emissions. Energy Information Administration.
Green groups urge UN to raise climate ambition on global shipping. 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. Cecilia Keating.
In 2023, PCAF launched an accredited partner program, enabling collaboration with service providers such as consultancies, data providers, and software providers, in order to support financial institutions in applying the PCAF Standard.
UBS remains a member of the NZBA, and in its report, the bank confirmed that it remains committed to its financed emissions decarbonization targets. of AUM in 2023 (excluding Credit Suisse AUM). In the report, UBS said that its assets under management with a net zero ambition reached $64.4 billion, or 3.6% billion and 2.9%
December 13, 2023 /3BL/ - Growing demand for electric vehicles is reshaping manufacturing supply chains, according to a new report by DP World and Canary Media’s Canary Creative. DP World exists to make the world’s trade flow better, changing what’s possible for the customers and communities we serve globally. CHARLOTTE, N.C.,
In Taiwan, where I live and work, a large percentage of companies occupy an important position in the globaleconomy as major suppliers of goods across the industrial spectrum. Corporate procurement requirements are decarbonizing supply chains.
December 5, 2023 /3BL/ - DP World , a leading provider of end-to-end supply chain solutions, announces the appointment of Sarah Mouriño as Senior Director of Sustainability for the Americas region. DP World exists to make the world’s trade flow better, changing what’s possible for the customers and communities we serve globally.
Originally published in International Paper's 2023 Sustainability Report Celebrating a decade with our company, Sophie Beckham is vice president and chief sustainability officer at International Paper, where she works across the enterprise to advance sustainability strategy development and the company’s Vision 2030 goal implementation.
LIMA, Peru, November 16, 2023 /3BL/ - DP World , a leading global entity in end-to-end supply chain solutions, continues to cement its commitment to environmental sustainability by integrating 15 new electric cranes into its expanding operations at the Port of Callao, Peru. million TEUs.
Originally posted on GFANZ on September 19, 2023 The Glasgow Financial Alliance for Net Zero (GFANZ) Secretariat today launched a consultation on its work to further refine the definitions of its transition finance strategies and support financial institutions to forecast the impact of these strategies on reducing emissions.
According to Nick Langley, Portfolio Manager for the new fund, the launch comes as investors face a 2023 base case of slowing growth, while infrastructure assets are positioned to benefit from several macroeconomic tailwinds, including “the heightened focus on energy security in Europe, a supportive policy environment in the U.S.
The ensuing conversations — and, no doubt, many more to come — are a continuation of the learning journey I’ve been on for the past few years, seeking to understand the role of the financial sector in advancing sustainability solutions and a clean, decarbonizedeconomy. Even still, last week’s conversations were a real eye-opener.
The globaleconomy relies on air cargo,” notes Nehal Gautam in The STAT Trade Times, but “the relentless growth comes at a steep price.” The International Energy Agency (IEA) reports that global GHG emissions increased 1.1% in 2023, accounting for 410 million tonnes, with aviation contributing about 2% of the total emissions.
Trade is the globaleconomy's lifeblood, with maritime transport at its core. But the carbon footprint of port operations and shipping is substantial, with shipping accounting for nearly 3% of global greenhouse gas emissions , according to the Organisation for Economic Co-operation and Development (OECD).
Canada unveiled its response to the emerging global race to scale up green energy and clean tech manufacturing capacity, with proposals for over $60 billion in tax credits and an additional $20 billion in sustainable infrastructure investments in its 2023 budget, presented by Deputy Prime Minister and Minister of Finance, Chrystia Freeland.
UK-based bank Barclays will no longer directly finance new oil and gas projects, and will require its energy sector clients to produce transition plans or decarbonization strategies by the beginning of next year, according to a new “Climate Change Statement” released by the bank.
PepsiCo adopted Lenovo’s CO 2 Offset service while evaluating replacements for computers in 2023 and the benefit the service offered. Lenovo is committed to the vision of providing smarter technology for all people and helping to decarbonize the globaleconomy. until October 2022 **Source: [link]
December 7, 2023 /3BL/ - Applied Materials, Inc. Semiconductors are the foundation of technology advancements that are transforming the globaleconomy and can improve peoples’ lives in so many ways. SANTA CLARA, Calif., By setting a 1.5°C-aligned By setting a 1.5°C-aligned
The SBTi statement added: “We cannot limit global warming to 1.5°C FIs have a critical role to play in the decarbonization of the globaleconomy. It is critical for FIs to leverage their influence on the companies they invest in and to align incentives to catalyze emission reductions in the real economy.”
The frequency of catastrophic heatwaves, flooding and droughts continues to have an increasingly deadly and devastating impact on all parts of society—including the globaleconomy. COP28 presents an opportunity to raise our global ambition and action. the world is not on track to meet its climate goals.
The Posorja terminal connects with more than 40 ports around the world and offers seven shipping services linking major global markets in Northern Europe, the Mediterranean, Asia, the South Pacific, and North America. In 2023, the terminal handled 510,533 TEUs, accounting for 20% of the national market.
Global Commons Alliance Accountability Accelerator Executive Director. trillion per year from the globaleconomy by 2030. Their work is fundamentally designed to encourage a collaborative shift across all of society towards a decarbonizedeconomy so that we can all thrive in a healthy, resilient, and zero-carbon world.
To decarbonize the globaleconomy in alignment with the goals established by the Paris Agreement, all economic actors in the real economy need to reduce their greenhouse gas (GHG) emissions sufficiently to align with required emissions pathways. Foundations for a Financial Institutions SBTi Net-Zero Target Standard.
Moreover, our solutions scored 15% higher than in 2023 based on their raw scoring, illustrating how our solutions have evolved in the competitive landscape. Nasdaq is proud to have won the 2024 RiskTech100 awards for its Market, Anti-Financial Crime, and Capital Access Platforms.
“In this case, credits might be used to cover emissions excluded from target boundaries established within the current standard – ensuring they go above and beyond the existing requirement for decarbonization within the value chain,” it says.
From harvest failures to disruptions in logistics, the impacts of climate-related disasters such as severe flooding and extreme heat also mean greater costs for businesses and consumers in a globalizedeconomy. It is increasingly urgent for companies to take effective action to decarbonize and build resilience in their supply chains.
We need to halve emissions by 2030 to limit global temperature rise to 1.5°C The WEF’s Global Risks Report 2023 highlighted failure to respond to climate change and biodiversity loss among the most severe long-term risks facing the world. The risks of failing to take action are clear.
There will be plenty of business leaders reflecting on the start of 2023, who’d agree with Kermit the Frog: “ It’s not easy being green.” I regularly hear from CEOs, CSOs and other corporate leaders just how challenging it is to develop a credible decarbonization strategy and plan. The reality is far more complex.
Originally published in Bloomberg's 2023 Impact Report Structural and systemic shifts accompanying climate change, such as resource scarcity, new technologies and regulations, pose business risks and offer opportunities to issuers and investors globally.
VANCOUVER, British Columbia, July 23, 2024 /3BL/ - DP World , a global leader in supply chain solutions, is pleased to engage as a Pilot Partner in the Net Zero Supply Chain (NZSC) Initiative, a collaborative effort dedicated to advancing the decarbonization of Canada's freight-transportation supply chains.
Now it is 2023. The Ontario Power Authority has been absorbed by the Independent Electricity System Operator (IESO), and it is forecasting an eye-watering 60,000 MW of peak demand by 2050 for Ontario to successfully decarbonize the provincial economy. The gap never materialized.
The firms in the 2025 Global 100 ranking allocated 58% of their investments to sustainable projects in 2023, up from 55% in the prior year. That figure compares with sustainable investments of just 15% for the 8,259 other publicly traded companies with revenues of more than $1 billion in the Global 100 universe. Telus Corp.
DUBAI, United Arab Emirates, December 27, 2023 /3BL/ - A 100 percent recycling target by 2050 for the world’s aluminium drinks cans has been set by industry leaders at COP 28. Without a strong policy framework, we cannot properly benefit from the circular potentials of the aluminium beverage can and achieve our industry decarbonization goals.
VANCOUVER, Canada, December 14, 2023 /3BL/ - DP World , a global leader in integrated supply chain solutions, has endorsed a new Memorandum of Understanding (MOU) aimed at establishing an international green shipping corridor linking Canada’s West Coast with ports in Asia and the Middle East.
In recent years, the European Commission has driven an ambitious decarbonization policy, striving to create a more resilient Europe and become the first climate-neutral continent in the world. To reach its target, the EU must first solve a triad of problems involving energy: security, industrial competitiveness, and decarbonization.
As a corporate professional focused on ESG, nature and decarbonization services, as well as the blue economy, I looked forward to gathering first-hand information that would help drive and contextualize this work. At the same time, the regions have uncovered important prospects for the globaleconomy.
Whether investors find Scope 3 comparable or not, the inclusion of Scope 3 reporting in most non-financial reporting standards is essential for decarbonization in line with a 1.5 ° C pathway as set out by the IPCC scientists.
Morgan Stanley revealed the introduction of a new range-based approach to its financed emissions reduction targets, introducing a new lower band to reflect the fact that the globaleconomy and policy is not currently on track to with the ambition to limit the global temperature increase to 1.5°C C above preindustrial levels.”
The new initiative follows the launch by Apollo in 2023 of Apollo Clean Transition Capital (ACT Capital), an investment strategy aimed at investing in companies to provide capital for their transition to clean energy and sustainable industry.In
capital markets and corporate sectors for what promises to be a titanic battle in 2023. Few things will impact capital allocation decisions – and thereby the long-term value of your company – more than how effectively you navigate the global energy transition in the years ahead.”. SOURCE: Governance & Accountability Institute, Inc.
And over additional 40 businesses have signed the World Green Building Council’s commitment to decarbonize the built environment across their portfolios and business activities. C is a campaign led by the Science Based Targets initiative in partnership with the UN Global Compact and the We Mean Business coalition. .
The latest data show that European Union countries slashed emissions by over 8% in a single year in 2023, the largest drop in decades outside the COVID-19 years. That left its collective emissions 37% lower than 1990 levels, all while the economy grew nearly 70% bigger. We need to keep pace. So lets not lose hope. We need to keep pace.
Listen in to CleanTechnica’s most recent webinar, during which we demystified 2023global energy trends. Last year world leaders gathered at COP26 to set targets for decarbonizing the globaleconomy and the table was set for the energy transition. Check out […]
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