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BMW announced its procurement of “carbon-reduced” steel supplied by H2 Green Steel, based in Sweden, and has partnered with Salzgitter AG to receive “low-carbon steel” in 2026. The authors further argue that the auto sector is in a unique position to push the steel industry to decarbonize. We’d like to see more ambition,” Negri adds.
HSBC , for example, recently pushed back its own target to achieve netzero emissions in its operations and supply chain by 20 years to 2050, and placed its interim financed emissions targets under review, all major U.S.
Canada has set national climate goals including commitments to cut GHG emissions by 40% – 45% by 2030 , and to reach netzero emissions by 2050. The oil and gas sector is the largest source of GHG pollution in Canada, accounting for more than 30% of national emissions.
DESCRIPTION: Microplásticos announces goal of being Net-Zero in Scope 1 and 2 by 2030. Collaboration will support Schneider Electric’s Zero Carbon Project to decarbonize supply chain. To learn more about Schneider Electrics Zero Carbon Project, click here. About Schneider Electric.
The company said that it plans to use the new capital to reach multi tons per day hydrogen production capacity in operation by 2026, and to addressseveral end-use markets such as large scale and decentralized ammonia cracking, natural hydrogen production in the USA and maritime decarbonization applications.
A growing number of Canada’s largest public pension administrators and investment managers have made net-zero-emissions commitments. The responses lacked consistency on climate risk disclosure, pathways to achieve net-zero emissions, and robust near-term action for managing climate risks and meeting long-term targets.
Fragrance and taste company Firmenich announced a commitment to achieve netzero greenhouse gas (GHG) emissions across its value chain by 2039. Last year, the organization launched its NetZero Standard , setting stringent criteria which it uses to assess and certify corporate commitments to achieve netzero emissions.
As a result, our slate of emissions reduction projects are now prioritized from 2023 through 2026. The pathways shown remain the most current forecast of our route to netzero; carbon offsets and credits are still estimated to represent about one-quarter of our net-zero strategy.
Generally produced from sustainable resources, like waste oils and agricultural residues, SAF is seen as one of the key tools to help decarbonize the aviation industry in the near- to medium-term. Fuel accounts for the vast majority of the aviation sector’s emissions.
The logistics provider has entered a partnership with BP and Neste to provide the fuel within the next five years as it moves towards decarbonizing aviation logistics. SAF is a cornerstone of the aviation industry’s efforts to achieve net-zero emissions by 2050.
In 2021 , the PE industry reached more than US$5 trillion in assets under management, with expectations to grow well beyond $11 trillion by 2026. As of May 2022, the NetZero Asset Managers initiative (an international group of asset managers committed to net-zero) had grown to 273 investors who collectively manage US$61.3
Moller – Maersk announced today a major fuel purchase agreement with China-based clean energy company Goldwind, for the offtake of 500,000 tonnes per year of green methanol, beginning in 2026. Moller – Maersk aims to reach net-zero greenhouse gas emissions by 2040 across its business.
McKinsey’s fourth annual report shares progress on environmental, social, and governance (ESG) priorities and efforts to catalyze decarbonization, build inclusive communities and workforces, and set the standard for our profession. SOURCE: McKinsey & Company. C-degree pathway.
Saudi Arabias development megaproject NEOM and Riyadh-based sustainable data center developer DataVolt announced that they have signed a new agreement, aimed at establishing a net-zero AI factory campus in NEOMs Oxagon region. The agreement includes plans for $5 billion of investment in its first phase, establishing a 1.5
In late June, the environment ministers of the 27 European states agreed to reduce the allowable CO2 emissions of new vehicles in 2035 to zero – putting an end to engines running on gasoline, diesel or natural gas. Europe desperately needs to decarbonize transportation, but ministers missed a golden opportunity.”.
As such, agriculture is a focus area for Corporate Knights’s recently launched Earth Index initiative , which tracks progress toward meeting national 2030 targets on the road to a net-zero future. .
Ultimately, I believe that our technology-agnostic approach to decarbonization will ensure that we have access to the lowest-cost solutions when they are economic at scale. NRG’s climate goals are to reduce GHG emissions by 50% by 2025 from the current 2014 base year and to achieve netzero by 2050.
Signals of change in the netzero transition this week include a major industrial decarbonization project in Germany and carbon-capturing tequila in Mexico. CLG UK has shared a new policy brief setting out seven key areas the country must prioritize in the netzero transition.
As part of our transition to netzero, we have announced a series of innovative partnerships which are decarbonising our operations, expanding access to renewable energy and contributing to the circular economy. We are on track to reduce GHG emissions from our global operations (Scope 1 and 2) by 98% by 2026.
Originally published on 3M News Center As the world looks to accelerate climate action, 3M is intensifying its commitment to climate innovation—using cutting-edge materials science to advance decarbonization, energy efficiency, resilient infrastructure and more. billion by 2026 and $2.5 trillion by 2050.
Rio Tinto expects to invest $143 million (A$215 million) in the project, which the company said will support the decarbonization of the steel value chain. As manufacturers globally aim to decarbonize their supply chains, demand for steel produced using fossil-free energy is expected to increase significantly.
Signals of change in the netzero transition this week include the passing of key climate legislation in Australia and the EU. NetZero Economy EU legislators reached an agreement on new climate legislation this week to double the share of renewables in the bloc’s electricity mix by 2030.
Industrial technology company Trimble announced today a series of decarbonization goals encompassing its value chain and operations, including commitments to cut emissions and source 100% renewable energy. SBTi also tightened its criteria for approved climate targets , announcing that it will only accept targets aligned with its 1.5°C
Founded in 2016, Texas-based CarbonFree develops technologies aimed at decarbonizing of hard-to-abate industries and global supply chains. Steel Gary Works facility is expected to being as early as this summer, with entry into operations anticipated in 2026. Under the new agreement, construction of a new SkyCycle plant at the U.
SB 253: Climate Corporate Data Accountability Act The common phrase in the GHG accounting world “you can't measure what you can't track" underlines the fact that decarbonization action starts with GHG emissions accounting. Read here for a simple breakdown of what Scope 3 GHG emissions are.)
C rise between now and 2026. Seven years ago, the probability of this happening was close to zero. “A billion, according to data from the Rainforest Action Network, despite signing on to the UN’s Net-Zero Banking Alliance. A single year of exceedance above 1.5°C Cut red tape for renewable projects.
Boston – The Renewable Thermal Collaborative recently released a case study on the first-of-its-kind partnership between AstraZeneca and Vanguard Renewables to enable the delivery of renewable natural gas (RNG) to all of AstraZeneca's sites in the United States by 2026. homes a year by 2026.
The European Council announced today that its member states have agreed on stricter energy performance rules aimed at decarbonizing buildings as part of “Fit for 55,” the EU initiative to cut greenhouse gas (GHG) emissions by 55% by 2030, compared to 1990 levels.
If airlines are to meet their net-zero commitments by 2050 – a goal set in 2021 by the industry’s trade association, the International Air Transport Association – they will have to find a substitute for fossil fuels fairly quickly. “So Renewable diesel and SAF are decarbonization solutions that are available today.”.
The certificates, to be delivered over four years, will be available from 2026. DAC technology, listed by the IEA as a key carbon removal option in the transition to a net-zero energy system, extracts CO2 directly from the atmosphere for use as a raw material or permanently removed when combined with storage.
But a suite of technologies collectively known as carbon capture, utilization and storage, or CCUS, are among the tools available to help meet global targets to cut CO2 emissions in half by 2030 and to reach net-zero emissions by 2050. billion from 2022 to 2026.
According to the companies, the new agreement will run from 2026 to 2029, and is expected to deliver more than 4,000 metric tons of CO2 emissions reductions. We are excited to partner with BCG via the Sustainable Aviation Buyers Alliance and leverage the SAFc Registry to accelerate the roadmap toward netzero emissions.”
Truck, bus and construction equipment company Volvo Group announced today a new agreement with Swedish startup H2 Green Steel to purchase low-carbon steel for use in its commercial vehicles, with deliveries beginning in 2026. The company has also sourced fossil-free steel through its collaboration with steel manufacturer SSAB.
Aerospace giant Airbus announced that easyJet has become the first airline globally to join its Airbus Carbon Capture Offer’s carbon removal initiative, utilizing Direct Air Carbon Capture and Storage (DAC) to help achieve the airline’s aviation decarbonization goals. easyJet’s credits will last from 2026 to 2029.
At a planned capacity of 650 GWh by 2026, the facility would be one of 3 largest biogas facilities in Europe. billion in sustainable energies businesses over the next 5 years and to help customers meet netzero ambitions, and to achieve netzero across all emissions scopes by 2040.
Deutsche Bank Ties Senior Exec Compensation to Loan Book Decarbonization Goals Private Equity & Venture Capital Carbon Accounting and Management Startup Greenly Raises $52 Million Fullerton Fund Management Raises $100 Million for Decarbonization Opportunities-Focused Private Equity Fund KKR Acquires Majority Stake in U.S.
KLM and electric aviation solutions startup ZeroAvia announced plans for a zero-emissions demonstration flight using hydrogen-electric engines powered by liquid hydrogen. Together with our sector partners, we are conducting research on electric, hydrogen, and hybrid-powered flights and exploring ways to expedite these advancements.”
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.
Under the new energy from waste and waste incineration consultation, the Authority is proposing to include CO2 emissions from the sector beginning in 2028, following a 2-year phase-in period from 2026.
Under the new agreement, Gevo will deliver 37 million gallons of SAF per year for five years, starting in 2026. When Alaska Airlines receives fuel from one of our Net-Zero facilities, they will do so having been a part of some of our very important initial testing and delivery of sustainable aviation fuel.”.
This is a game changer for companies that are trying to reach their netzero carbon targets, by decarbonizing their thermal load. This presents an opportunity to decarbonize transportation and reduce greenhouse gas emissions in the transportation sector. operations in the U.S.
The use of SAF is a cornerstone of our strategy to decarbonize air travel. The SAF deliveries are expected to begin in 2026 from future commercial operations of Gevo. American’s aggressive climate goals include achieving net-zero greenhouse gas (GHG) emissions by 2050. Gruber, Gevo’s Chief Executive Officer.
Companies must begin reporting Scope 1 and 2 emissions in 2026 for fiscal year 2025 and Scope 3 emissions in 2027 for fiscal year 2026. While Scope 3 is initially not subject to third-party assurance, companies may need assurance starting in 2030, depending on CARB’s review and evaluation in 2026.
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