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Canada Launches Regulation Requiring 35% Emissions Reduction from Oil & Gas Companies

ESG Today

Canada has set national climate goals including commitments to cut GHG emissions by 40% – 45% by 2030 , and to reach net zero emissions by 2050. The sector is also a major employer in Canada, supporting approximately 400,000 jobs.

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Green groups urge UN to raise climate ambition on global shipping

GreenBiz

The frontrunning proposal, sponsored by France, Germany and Japan, has come under fire due to a recommendation that stringent enforcement of operational efficiency regulations is introduced no earlier than 2029. It is the job of the United Nations to protect people and planet from the ravages of runaway global heating.".

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Google Signs its Largest Ever Carbon Removal Deal to Capture CO2 in Crushed Rocks and Soil

ESG Today

The agreement, which will see the credits delivered beginning in 2029, marks the largest ERW deal to date, as well as Googles largest ever carbon dioxide removal (CDR) purchase agreement, following a commitment announced in March by the company to contract for at least $35 million of carbon removal credits over the next 12 months.

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Lenovo Commits to Net Zero Emissions Across the Value Chain by 2050

ESG Today

Computer manufacturer Lenovo announced today a goal to reach net zero greenhouse gas (GHG) emissions by 2050. The commitment, covering the companies’ full value chain, and has been validated by the Science Based Targets initiative (SBTi) as aligned with its net zero standard.

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GRESB Launches Transition Risk Analytics Solution for Asset Managers

ESG Today

Vincent Jerosch-Herold, GRESB’s Chief Product Officer for Asset Impact: “Asset managers and owners that are paying attention understand the business risks associated with climate change and are working hard to integrate them into their existing frameworks to minimize potential losses.

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U.S. Building Performance Standards in 2023 and Beyond

3BL Media

Over the past decade, these mandatory Building Performance Standards (BPS) policies have gained momentum, as an increasing number of local jurisdictions act to mitigate climate change impacts and support building decarbonization. The city’s goal is to gradually reduce carbon emissions to net zero by 2050.

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Size Matters

Chris Hall

The report revealed that 54% of institutional investors will invest in infrastructure equity by 2029, up from 46% over the next 12 months while 50% will invest in infrastructure debt in five years time, up from 45%. The Canadian economy has deep roots in extractive industries, which poses challenges to achieve net zero commitments.