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Green steel may be a climate game-changer. Which carmakers are making the shift?

Corporate Knights

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. Electrifying road mobility is essential to meeting Canada’s international obligation under the Paris Agreement to limit global warming to below 1.5°C.

Net Zero 205
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Volvo, Chrysler maker swerve away from lobby group over EU electric car mandate

Corporate Knights

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. Meanwhile, California regulators are also working toward a 2035 ban on new fossil-fuel vehicles.

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SBTi Limits Carbon Credit Use in Latest Guidance

Chris Hall

The standard setter emphasises internal decarbonisation, action-based targets as part of revamped net zero standard for corporates. Wyburd said that while carbon credits and removals can support the path to net zero, they must never be a substitute for internal decarbonisation.

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Take Five: Europe’s Green Brigade Takes Shape 

Chris Hall

These can boost investment not only in defence, but also other critical objectives including the net zero transition. As Sarasin observed , Most of Equinors largest development projects are expected to operate beyond 2050 to be viable, making them reliant on demand exceeding the Paris Agreement goals.

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With 1.5°C looming, UN launches plan to jump-start renewables

Corporate Knights

C rise between now and 2026. Seven years ago, the probability of this happening was close to zero. “A C does not mean we have breached the iconic threshold of the Paris Agreement, but it does reveal that we are edging ever closer to a situation where 1.5°C A single year of exceedance above 1.5°C

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PepsiCo CSO on embedding sustainability into 'day-to-day business'

GreenBiz

The number of companies proclaiming their intent to go net-zero by 2050 has expanded exponentially in the past 12 months, but the ones short-cutting that commitment by a decade are a rarer breed. The extension will see $6 million more invested through 2026, initially in the Dominican Republic, Ecuador and Guatemala.

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New Investment Models Needed for Net Zero Goals Warns UN Climate Risk Chief 

Chris Hall

Speaking at ESG Investor’s inaugural Stewardship Summit, UNEP FI’s Carlin says transition finance flows to developing economies are too low to meet net zero targets. The post New Investment Models Needed for Net Zero Goals Warns UN Climate Risk Chief appeared first on ESG Investor.