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Ten good news stories on climate and clean energy in 2024

Corporate Knights

Taken together, the rise of EVs is expected to cut global oil demand by six million barrels per day by 2030, according to the International Energy Association (IEA). By 2030, existing climate policies are expected to prevent 226 megatons of emissions the same amount as current emissions from Quebec and Ontario combined.

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The crypto industry was supposed to decarbonize by 2025 - how’s that going?

Corporate Knights

The second aim states that signatories should achieve net-zero emissions from electricity consumption by 2030. Is Bitcoin the next stranded asset? The post The crypto industry was supposed to decarbonize by 2025 - how’s that going? RELATED: Ethereum goes green overnight. But there's a catch.

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Canada is sleeping on the energy transition

Corporate Knights

While European firms like TotalEnergies, BP and Eni plan to curtail production by 2030 and dramatically increase their capital expenditures on renewables, Canadian energy firms plan to expand production by 30% by 2030, growing at a rate that would overshoot Canada’s 2050 target for the oil and gas sector’s emissions by 94%.

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The biggest carbon losers

Corporate Knights

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 Paris Agreement. dollars) through 2030.

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AB: China's State-Owned Enterprises Hold Keys to Carbon Neutral

3BL Media

President Xi Jinping announced in 2020 plans to target peak CO 2 emissions by 2030 and to transition toward carbon neutrality by 2060. For China, decarbonization considerations are tightly tethered to economic development and continued growth. Case Study: Stranded Assets and the Economics of a Chinese Power Plant.

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Canada to Phase Out Public Fossil Fuel Financing

ESG Today

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 decarbonizing global economy, while avoiding creation of stranded assets.

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At long last, Canada restricts oil and gas subsidies (except for all the loopholes)

Corporate Knights

Those numbers left any Indigenous investor with the prospect of losing money on the deal and facing “the likely prospect of being saddled with a stranded asset,” independent economist Robyn Allan, a former president and CEO of the Insurance Corporation of British Columbia, told The Energy Mix at the time.