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To achieve net-zero, let’s agree on one definition of success. Reaching the 2015 ParisAgreement goals requires bold action from all sectors and levels of our society. But any chief sustainability officer will fall short of their responsibility if they simply cite net-zero as a strategic goal. Peter Boyd.
Infinium makes biofuel by taking hydrogen made with clean power and electrolysis, combining it with carbon dioxide and running it through two thermochemical processes — turning it into a replacement fuel for airplanes, ships and large trucks. Air shipping, a growing sector, is the most carbon-intensive way to ship a product.
The research itself is also likely to provoke renewed criticism of the OCGI's priorities, given it focuses on CCS technologies that would in effect prolong the use of fossil fuels to power ships, rather than on alternative, low or zerocarbon shipping fuels that could transition the sector away from fossil fuels altogether.
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. Indeed, in these locations zero-carbon steel can be competitive with blast furnaces completely without subsidies.
According to one telling , a group of female climate leaders met at a Scottish estate in 2013 to discuss bold climate goals that could be enacted two years later in Paris. After a heated debate, they agreed that the goal should be to pursue net zero by midcentury. Sponsored Article. Energy & Climate. Emissions Reduction.
The financial services firm recently completed the purchase of the first tranche of reef credits and plans to continue buying them as part of its net-zero commitment. We feel that these sorts of schemes are very clear demonstrations that nature-based solutions can support communities, and also facilitate the transition to net-zerocarbon.
trillion to coal, oil and gas companies in the five years since the ParisAgreement was signed, it calculates. We believe that Barclays can make a real contribution to tackling climate change and help accelerate the transition to a low-carbon economy.". Sponsored Article. Finance & Investing. Decarbonization.
Fast forward to 2020, and a team of collaborators is hoping to adapt learnings pioneered with RECs to nurture a nascent market for zero-carbon fuels, such as RNG, that buyers including L’Oréal USA and the University of California System are already using to generate renewable thermal energy. Sponsored Article. The first step?
This article was first published in Forbes Today 100 CEOs announced a push for governments to boost the business case for green investment, in the run-up to COP29 in Azerbaijan. Since then over 500 companies have signed on, committing to reach net zerocarbon emissions by 2040. C global warming target.
In mid-January, PepsiCo joined that club with a strategy to reduce its greenhouse gas emissions by 40 percent across its entire value chain by 2030 and to reach the elusive net-zero emissions status 10 years before it’s called for by the ParisAgreement. Carbon Pricing. Sponsored Article. Corporate Strategy.
The company, an early partner with the Ellen MacArthur Foundation, has positioned water and carbon emissions as equally critical in the climate crisis. Last year, Ecolab set a goal for net-zerocarbon emissions by 2050, getting halfway there by 2030. Sponsored Article. and Canadian operations. Leadership.
Established under Article 14 of the ParisAgreement , the Global Stocktake is designed “to assess the collective progress towards achieving the purpose of [the Paris] Agreement and its long-term goals. What is the purpose of the Global Stocktake? But the Global Stocktake is meant to go far beyond an assessment.
As the slipping of climate targets continues, it’s becoming increasingly clear that cutting emissions won’t be enough to keep global temperature increases below the 2ºC target enshrined by the 2015 Parisagreement. In September, the Washington-based Energy Futures Initiative , founded by former U.S.
Editor’s Note: This article was first published by the Environmental Defense Fund, an organization focusing on creating economical policies to support clean air and water; abundant fish and wildlife; and a stable climate. The article was authored by Amanda Leland and originally appeared here. on climate action.
As the article says, “The data the world is relying on is inaccurate.”. On the other hand, it’s encouraging to see that 217 companies at this writing have already signed on to the Climate Pledge to become net zerocarbon organizations by 2040—which is 10 years earlier than the goal agreed upon in the ParisAgreement.
While Usher welcomes investigations into accusations of greenwashing, he disputes claims made by BlackRock’s former Head of Sustainable Investing Tariq Fancy who, in 2021 for an article for USA Today , claimed asset managers and other private-sector could not be trusted to provide genuine ESG products without regulation. of emissions.
Just as flows into EU Sustainable Finance Disclosure Regulation-aligned (SFDR) Article 8 and 9 funds have outpaced those into Article 6 funds in Europe, a 2022 Goldman Sachs report claims that the market is now paying a “green premium” of about 37% for Asia-Pacific companies that are aligned with the EU taxonomy.
It has been referred to as the ‘ParisAgreement for Nature’ for its potential to set a global agenda to tackle biodiversity loss. The GBF will set targets to be used by governments, investors and corporates to inform strategies to protect natural capital over the next decade. A joint paper said reforming the US$1.8
While some recognise carbon offsets markets as key for us to achieve net-zero emissions world by 2050 by funnelling cash into cost-effective projects, others believe credits are a dangerous distraction that allows polluters to pay their way out of the problem. Carbon Offsets Markets size. How Do Carbon Credits Work?
Countries are required under the ParisAgreement to update their national climate action plans every five years, including at COP26. The ParisAgreement requires countries to report their NDCs, but it allows them leeway in determining how they reduce their greenhouse gas emissions. Read the original article.
New Zealand, a nation of about 5 million people, in late January reported progress toward its goal to cut emissions by 30 percent over the next decade compared with 2005 levels — but recognized current measures won’t be enough to meet the ParisAgreement goals. Sponsored Article. Leadership. GreenBiz Group. Close Authorship.
C and implement the ParisAgreement and will be welcomed by the business community. C temperature goal of the ParisAgreement alive, and to ensure a just transition. . SATURDAY 13 NOVEMBER – This statement is the We Mean Business Coalition response to the Glasgow Climate Pact, agreed at COP26. . ANALYSIS:
This article was first published in Edie. They have a central role to play in delivering a just transition to a zero-carbon economy. 3) To contribute to systemic change In order to deliver the ParisAgreement, system-wide transformation is required.
Morgan Stanley offered its own twist with a promise to reach "net-zero financed emissions" by the critical 2050 timeframe. The intention is to align its portfolio with the goals of the ParisAgreement. Featured in featured block (1 article with image touted on the front page or elsewhere). Sponsored Article.
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