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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.
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.
DESCRIPTION: Hydrogen fuel cells could play a critical role in decarbonizing the global freight and transportation network. A new video from global power leader Cummins Inc. Hydrogen plays an important role in Cummins’ mission to decarbonize the globaleconomy. SOURCE: Cummins Inc. explains why.
UK- and South Africa-based global active asset manager Ninety One announced that its decarbonization-focused Global Environmental strategy has been awarded a $150 million mandate by California State Teachers’ Retirement System (CalSTRS), one of the largest public pension funds in the U.S.
As a global technology company supporting the vast majority of the world’s business, SAP needs to lead from the front with our ambitions and actions. That is why SAP has committed to achieve net-zero emissions across our value chain by 2030. Central to this effort has been a continuous effort to decarbonize our business.
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.
The announcement by UBS marks the latest in a series of moves by banks globally to withdraw or pull back on climate commitments, although UBS changes appear less drastic than those by some of its peers. 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%
HSBC has become the latest bank to commit to achieving net-zero financed emissions, announcing Monday that it intends to align its portfolio of investments and debt financing with global climate targets by mid-century. They care as citizens, consumers and business owners.
announced the launch of its new Sustainable Investments 2030 Strategy, aimed at accelerating its transition to a net zero emissions portfolio, and including a new pledge to invest $100 billion in climate solutions by 2030.
Despite the reductions in air travel and the global economic slowdown caused by the pandemic, climate change sadly has not slowed down this past year. We have only until 2030 to get things on track for a net-zero and nature-positive economy — this should sharpen our minds for action.
The sponge iron capacity that LKAB could build out corresponds to half a million large fuel cell vehicles, a significant step towards the "hydrogen economy" envisioned by the European Commission. The production of the hydrogen could require as much as 10 GW worth of electrolyzer capacity, a quarter of the total EU target for 2030.
The report is part of the Ceres Food Emission 50 initiative, an effort focused on decarbonizing the nation’s food sector. Decarbonizing the U.S. food sector is key in our efforts to limit global temperature rise to no more than 1.5 SOURCE: Ceres. by the end of the decade. Ceres will host a webinar at 11 a.m.
The banking sector maintains that serious change is afoot, pointing to much more stringent lending policies for coal firms and the on-going development of new guidelines and policies that it is hoped will decarbonize their portfolios over the next three decades. Decarbonization. And yet, today's report comes within hours of the U.K.
LanzaJet said that Freedom Pines will serve as a blueprint for its technology to scale SAF production, as the company targets reaching 1 billion gallons of SAF production by 2030. Additional investors in the company include All Nippon Airways, Breakthrough Energy, British Airways, LanzaTech, Mitsui & Co., Shell , and Suncor Energy.
This year, the company was represented by a team of leaders, including Scott Tew, vice president of Sustainability; Jose La Loggia, president of Commercial HVAC EMEA; Helen Walter-Terrinoni, director of global climate policy; and Adnan Javed, general manager of Commercial HVAC for the Middle East. And we get to be a part of it.
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.
The globaleconomy relies on air cargo,” notes Nehal Gautam in The STAT Trade Times, but “the relentless growth comes at a steep price.” There’s opportunity there, according to McKinsey’s Elliott Tinnes, Fernando Perez, and Matthew Kandel, exploring the challenges of “Decarbonizing logistics, Charting the path ahead.”
The number of beverage cans is set to increase from 420 billion in 2020 to 630 billion by 2030 and data has revealed that recycling all cans globally in 2030 would save 60 million tonnes of greenhouse gas emissions per year.
Energy systems are, consequently, becoming more decentralized, digitized and decarbonized. Decarbonizing the globaleconomy means lessening our dependence on fossil fuels and increasing dramatically our use of renewable energy sources like solar, wind, biomass, and hydropower. About the co-author.
Friends of the Earth utilized a similar argument in its landmark lawsuit against energy giant Shell , in which the group succeeded in winning an order from the Dutch court requiring Shell to slash its emissions by 45% by 2030, and holding the company responsible for Scope 3 emissions from its value chain.
The maritime sector plays a major role in the globaleconomy, transporting a high volume of freight around the world. As such, maritime, and ports in particular, are a visible part of transport decarbonization discussions. of freight) of 40 percent, based on a 2008 baseline, by 2030. DESCRIPTION: By James Peet.
A lack of infrastructure and inadequate funding have been identified as the biggest barriers to using green hydrogen as an enabler of the energy transition and the decarbonization of the globaleconomy. We are currently working on several projects, notably to decarbonize the grey hydrogen used in our European refineries by 2030.
Members of the NZBA commit to transitioning operational and attributable greenhouse gas (GHG) emissions from their lending and investment portfolios to align with net zero pathways by 2050, and to set 2030 financed emissions targets, initially focused on key emissions intensive sectors.
“The rapidly changing global context urges the global business community to respond with smarter innovations and more responsible operations, seizing every opportunity to act with a larger purpose in mind,” said Yuanqing Yang, Lenovo’s CEO and Chairman.
Canada’s Environment and Climate Change Minister Steven Guilbeault said: “By eliminating inefficient fossil fuel subsidies, we are encouraging smart and efficient government investment decisions that can increase Canada’s competitiveness in a decarbonizingglobaleconomy, while avoiding creation of stranded assets.
Kyle Harrison, BNEF senior associate and the lead author of the report, commented: “Corporations faced a wave of adversity in 2020 – internal corporate functions were disrupted on the outset of the pandemic, and many companies saw revenues plummet as globaleconomies buckled. Question marks before – and after – the U.S.
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. C pathway and the tripling of renewable energy capacity and doubling of the rate of energy efficiency by 2030.
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.
Tourism is projected to make up nearly 12% of the globaleconomy by 2033, but it is also poised to consume a troubling 40% of the world’s remaining 1.5°C trillion to global GDP in 2022, and the WTTC forecasts [pdf] that figure doubling to represent 11.6% Travel and tourism added US$7.7
reach 30 GW of offshore wind by 2030? GWEC and the UN Global Compact say the roadmap will help reduce the pressure and degradation of the ecosystem and biodiversity in the marine sector. Read more: A supply chain is born: Can the U.S.
States and regions have, on average, reduced emissions by 14% as global emissions continue to rise. The Climate Group and CDP call for states and regions to set more ambitious emissions reduction targets for 2030 and beyond to limit global heating to 1.5°C By comparison, only 25% of global electricity is renewable.
Meanwhile, on climate, the science is clear: we need rapid reductions in greenhouse gas emissions and if we act now, we have solutions across sectors to at least halve emissions by 2030.? ? . ? To achieve our climate goals, we urge the G7 to fully decarbonize their nations’ power systems by 2035. .
These are good signs of the globaldecarbonization of our globaleconomies. Million jobs globally. Energy effiicency is the first fuel for the IEA ‘s executive director, as shown in an extract of a video featuring Fatih Birol. This would also create 4.5
It’s clear that clean energy is the growth industry to invest in now to attract investors and talent, cut costs and build resilience in the globaleconomy. Volvo Cars aims to fully electrify its fleet by 2030 and says greater access to clean energy is ‘critical’ to reduce emissions across the value chain. C pathways.
The estimated size of the heavy-duty fuel cell membrane market is expected to grow to about $900M by 2030, which speaks volumes to how critical this technology is, and will continue to be, as the planet pursues robust goals for decarbonization,” said Denise Dignam, President of Advanced Performance Materials at Chemours.
Li stated, “We must seize the opportunity to use the disruptive impact of the pandemic on the globaleconomy to seek collaborative solutions to drive the 2030 Agenda.” Lastly, Sachs highlighted the need for decarbonizing industry: “Renewable energy is our theme and we must get to zero.”
Highly respected institutions such as the International Energy Association (IEA) and the Energy Transitions Commission (ETC) remain upbeat that the shift to a net zero globaleconomy is possible and well underway. In this context, companies can and should be on track to cut emissions in half by 2030 and reach net zero by 2050.
C by the end of this century Updated pledges since COP26 in Glasgow take less than one per cent off projected 2030 greenhouse gas emissions; 45 per cent is needed for limiting global warming to 1.5°C gigatonnes of CO2 equivalent, less than one per cent, off projected global emissions in 2030. C in place.
According to the report , 2,253 companies with a combined market cap of one third of the globaleconomy – a total of $38trn – are now working with the SBTi. . This will give a huge boost to companies’ efforts to decarbonize their value chains and enable them to meet their targets faster. .
We need to halve emissions by 2030 to limit global temperature rise to 1.5°C Despite the barriers, our survey found that 92% of organizations identified long-term decarbonization as a priority for their business. Decarbonizing supply chains alone will not be enough to limit global temperature rise to 1.5°C.
C within reach, it is clear that more efforts are needed by countries to strengthen their NDCs in line with halving emissions by 2030. C pathway, coal-fired power generation must be phased out by 2030 for advanced economies, and 2040 for other countries. While the Pact keeps 1.5 °C However, in order to be in line with the 1.5°C
The Path Forward Corporate leaders navigating the increasingly mandatory, increasingly politicized decarbonization world may find these lessons instructive. In our still-emerging globaleconomy, dominated by software and service companies, “intangible value” represents over 80% of a given share’s average value across industries.
Forest-based solutions alone, including the management, conservation and restoration of forests, will require $203 billion in total annual expenditure globally, says the report (image credit: Chesapeake Bay Program , CC BY-NC 2.0 Today, just one tenth of 1% of global GDP is invested in nature-based solutions, says WEF.
COP26 focused the attention of governments and businesses on a key targe t: limiting global temperature rise to 1.5C by halving global emissions by 2030. Decarbonizing value chains is, of course, more challenging than cutting emissions in a firm’s own operations. Take Action Across the Value Chain. Also, when the U.S.
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