This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Now, were taking bold steps to further support its circularity and decarbonization by elevating our 2030 sustainability goals. This year, we are going to hit many of our sustainability goals that we initially set for 2030. This aligns O-I with the target of the 2015 ParisAgreement to limit the temperature increase to 1.5
Indeed, the embedded, or production, emissions of an electric car will likely account for around 60% of total life-cycle emissions by 2030, with steel making up anywhere from 16% to 27% of that, according to the EU-based advocacy group Transport and Energy. And General Motors announced a supply agreement with U.S.
The report found that most companies are making progress on decarbonization, revealing a 6% annual decrease in average emissions intensity, or emissions per unit of revenue, since the 2016 ParisAgreement. over the prior year, after growing from 27% in 2021.
The global shipping industry's decarbonization efforts once again face stormy seas. IMO member states are meeting this week for critical talks to discuss how the carbon-intensive shipping industry can be regulated to meet its 2030 climate target of reducing its carbon emissions intensity by 40 percent compared to 2008 levels.
The bank, currently Europe's second largest financier of fossil fuels, has committed to reaching net-zero across its supply chain and operations by 2030, before reaching net-zero across its customer portfolio 20 years later. Pull Quote.
The new decarbonization goal, to be officially presented at the COP29 climate conference currently underway in Baku, Azerbaijan, will form Brazil’s second Nationally Determined Contribution (NDC) under the ParisAgreement. Brazil’s current NDC targets a 53% reduction in GHG emissions by 2030. billion tonnes in 2035.
A coalition of oil and gas majors are eyeing up the potential to capture carbon dioxide emissions from ships out at sea, teaming up with global tanker owner and operator Stena Bulk to evaluate the feasibility of technology they claim could play a key role in decarbonizing the hard-to-abate sector. percent of global greenhouse gas emissions.
The new decarbonization goal will form the basis of Switzerlands second Nationally Determined Contribution (NDC) under the ParisAgreement, which the Swiss Federal Council said will be submitted to the UN Framework Convention on Climate Change (UNFCCC) by February 10.
The agenda focuses on bridging the gap between innovative visions and tangible actions, with a special emphasis on the energy transition, corporate decarbonization, climate finance, food and agriculture, and adaptation and resilience. You’re invited to explore the agenda and register to be part of these progressive conversation.
Science-based targets provide companies with an established approach, including 2030 milestone goals, to reduce emissions that also support the ParisAgreement. “As Learn more about the company’s path to decarbonization, including Scope 3 emissions. KEYWORDS: Del Monte Foods Inc.,
De Nederlandsche Bank (DNB), the central bank of the Netherlands, announced today a new commitment to align its reserves, including its investments in equities and corporate bonds with the ParisAgreement. degrees Celsius compared to pre-industrial levels.
National Blueprint for Transportation Decarbonization on Tuesday, its multi-department set of strategies and actions aimed at eliminating nearly all emissions from the U.S. National Blueprint for Transportation Decarbonization. The Biden administration released the U.S. transportation sector by 2050. domestic GHG emissions.
Last year saw significant activity as governments, utilities, businesses and other entities zoned in on mitigating climate change by setting aggressive decarbonization goals in an effort to lower carbon emissions. Look for easy-to-decarbonize areas of your operations where you can make a difference right away. Accept uncertainty.
This is the most cost-effective way to ensure energy security, autonomy, competitiveness and decarbonization.” The new coalition can align on a European industrial strategy that delivers on decarbonization goals, reindustrializing the economy and reducing dependency on fossil fuel imports.”
trillion to coal, oil and gas companies in the five years since the ParisAgreement was signed, it calculates. This includes to publish and implement a policy to phase out the financing of coal-fired power and thermal coal mining by 2030 in markets in the European Union and OECD, and by 2040 in other markets.". "We
3M announced a series of new and updated climate-related goals, including a new target to reduce absolute Scope 3 greenhouse gas (GHG) emissions by 42% by 2030, on a 2021 basis. C trajectory of the ParisAgreement. Scope 1 and 2 reduction by 2030. reduction in Scope 1 and 2 emissions.
PepsiCo Europe announced today the launch of a new long-term partnership with crop nutrition company Yara aimed at providing farms in the EU and UK with low-carbon fertilizers, crop nutrition programs, and other tools to help decarbonize the food value chain. We’re excited to work with first movers like PepsiCo to help make this a reality.
C, as set out in the Paris Climate Agreement – and we are already too close to this threshold,” said Carsten Knobel, CEO of Henkel. We all have to take responsibility and help limit global warming to 1.5°C,
Looking forward, with customers, investors and policymakers increasing pressure to adhere to the ParisAgreement, reducing greenhouse gas emissions is a critical element of maintaining competitiveness.
Among the key actions outlined in the document was a plan by the bank to engage over the next 12 months with all of its existing corporate and investing banking (CIB) clients identified as priority clients whose emissions reductions will be essential to reaching Standard Chartereds 2030 interim net zero goals.
This year, Corporate Knights set out to identify global companies that have decarbonized faster than their peers while simultaneously increasing revenue. Yet the pace and scale of their reductions is in the realm of what every company and country must do by 2030 to keep the faith of the ParisAgreement.
The new report indicates that the speed with which clean technologies and decarbonization of the power sector are scaled up is crucial. The power, transport, industry and buildings sectors transition at different speeds based on the technologies available for them to decarbonize, but all see emissions start to fall immediately.
The Public Policy Forum report contrasts its proposed “aggressive decarbonization” approach with the calls from many environmental organizations for the government to force the oil and gas sector to cut production if companies can’t or won’t reduce emissions consistent with Canada’s international commitments.
Maersk said that it intends to purchase the full volume of green methanol produced, with options for the output of subsequent facilities at other locations, forming part of the company’s fleet decarbonization efforts. The company has also introduced a principle of only ordering newbuilt vessels that can be operated on green fuels.
The legislation would establish a duty for directors and officers of financial corporations to align their business with climate commitments, including the target adopted under the ParisAgreement to reduce greenhouse gas emissions by between 40 and 45% by 2030, and the net-zero 2050 target. “We
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. Forthcoming research through the Ceres Ambition 2030 initiative will provide further guidance on climate transition plans for other priority high-emitting sectors. SOURCE: Ceres.
These new targets build on our existing greenhouse gas (GHG) emissions reduction goal and includes interim 2030 science-based emissions reduction targets across Scopes 1, 2 and 3. is expected to: Create as many as 300,000 new green jobs by 2030. Why 2040 vs 2050? Why set interim goals? roads for one year.
When you look at the oil industry’s efforts to decarbonize, the results are lacklustre. By our count in 2022 – seven years after the ParisAgreement – the vast majority of oil companies still earn less than 1% of their revenue from renewable sources. Suncor invested 10.4% of its capital on green projects in 2022.
Many celebrated with their CSOs on meeting ambitious corporate targets for 2020, while setting audacious new goals for 2025, 2030 and 2050. Last year, Ecolab set a goal for net-zero carbon emissions by 2050, getting halfway there by 2030. and globally by 2040. Patrick Collison, CEO and co-founder, Stripe; San Francisco.
My Green Lab Certification was selected as a Race to Zero Breakthrough Outcome in 2021, establishing a target that 95% of labs in biotech and pharma achieve Certification at the highest level by 2030. With only seven years until 2030, we must urgently accelerate the decarbonization of all parts of the economy.
After telling investors that it would cut production each year for the rest of the decade, Shell now says it will invest $40 billion more in oil and gas production in the next 12 years, with production remaining stable until 2030.
As an integral part of the Decarbonization Program, MCAP welcomes Cascale members and non-members alike. The organization recently released a data-driven decarbonization roadmap showing that 1,500 manufacturing facilities in nine countries account for 80% of the textile, apparel, and footwear industry’s carbon emissions.
trillion dollar challenge [1] : that’s the amount many expect private companies to step up and deliver toward the global $8 trillion dollars of climate finance needed by 2030. $8 And to do that, various mechanisms and processes have been set out in the ParisAgreement to guide governments and hold them to account.
Leaders of leading industrial nations at the Japan-hosted G7 summit in Hiroshima made a series of announcements in support of their ParisAgreement commitments to limit global temperature rise to 1.5°C,
Serving as a negotiator to the series of Climate Change COP events since COP21 (2015), where the ParisAgreement was adopted, Dr Abdel-Aziz provided the Alliance with exclusive insight into landmark developments and prospects this year. I've been participating since COP 21 when the adoption of the ParisAgreement took place.
September 10, 2024 /3BL/ - Colin Browne, new CEO of the global nonprofit alliance Cascale, today unveiled critical insights to help the industry take a more targeted approach to decarbonization. Cascale has already set a 45 percent reduction target for the textile, apparel, and footwear industry by 2030, in line with the ParisAgreement.
Decarbonization progress has not kept pace to achieve targets set by the 2015 ParisAgreement, and last November, at COP26 in Glasgow, nations pledged to adjust their CO2 emissions targets by 2030 in an effort to realign with the goal of net zero by 2050. Methanol as a Cornerstone of Decarbonization.
or less in line with the ParisAgreement, it is essential to decarbonize our economy by 2050. And there is no decarbonizing our economy without decarbonizing buildings. Trane Technologies moves to reduce embodied carbon Trane Technologies has announced a commitment to reduce embodied carbon by 40% by 2030.
by 2030, compared to a 2019 base year. The company said that its GHG reduction targets have been validated by the Science Based Targets initiative (SBTi), adding that the goals are aligned with the ParisAgreement ambition to limit average temperature rise to 1.5°C.
Google committed to becoming powered by clean energy — in real time — by 2030. . Signatories agree to implement decarbonization strategies in line with the ParisAgreement. Amazon got more companies to sign on to its Climate Pledge , including Best Buy, McKinstry, Real Betis, Schneider Electric, and Siemens.
Under the Glasgow Financial Alliance for Net Zero forged for COP26, the banks have committed to not only decarbonize their portfolios but to adopt a transparent and rigorous short-term strategy that ensures they meet that 2050 target. “Ultimately, best practices come down to are we seeing year-over-year changes in their capital flows?”.
The new targets form part of the company’s commitment, announced in October 2020 , to align its financing activities with the goals of ParisAgreement, and to help clients navigate the challenges and capitalize on the long-term economic and environmental benefits of transitioning to a low-carbon world.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content