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Canada’s provincial governments need comprehensive net-zeroclimate strategies to drive growth in the green economy, but some are sending mixed policy signals to the companies that will create tomorrow’s jobs, says a new report from the Canadian Climate Institute. . However, B.C.
Key Drivers of the Energy Transition The energy transition is driven by several significant factors, including the critical need to combat climatechange and the economic benefits of renewable energy sources. Combatting climatechange Reducing carbon emissions is at the core of energy transition efforts.
The new report indicates that the speed with which cleantechnologies and decarbonization of the power sector are scaled up is crucial. This report should serve as a wake-up call: we need a rapid decline in emissions starting from now – not in five years’ time – if netzero by mid-century is to remain a possibility.”
In order for Australia to reach its goal of netzero by 2050, it needs the help of its manufacturing sector, which accounts for 10%of the nations carbon emissions. As the world shifts to netzero, we must be prepared to back our entrepreneurs and innovators and remove policy and regulatory barriers that inhibit progress.
To achieve net-zero emissions by 2050 , the Government of Canada has invested billions of dollars in practical efforts to lessen the effects of climatechange and encourage clean economic growth. Together, a combined green and transition taxonomy can support a holistic approach to achieve a low-carbon transition.
Following on from last November’s COP26 in Glasgow, Climate Innovation Forum (CIF) was seeking continued climate innovation collaboration this year, uniting senior public and private sector decision makers to accelerate the delivery of netzero commitments.
As the Intergovernmental Panel on ClimateChange (IPCC) highlighted last week, we are in the midst of a climate emergency. Canada needs to adopt a package of financial regulations that will drive down carbon emissions and shift billions of dollars toward investing in cleantechnology and renewable energy.
Today (Oct 22), the Commission has selected 85 innovative net-zero projects to receive 4.8 billion in grants from the Innovation Fund, helping to put cutting-edge cleantechnologies into action acro.
Climate spending: funding shortfall FY2015/16–2023/24 “With this report, Corporate Knights has given us a valuable and readable scorecard that highlights federal government initiatives to address climatechange across departments and policy instruments. What was promised? What has been delivered?”
The 27th UN climate summit, COP27, which got underway in Egypt on Sunday, seems to have been pre-ordained as a modest contribution to the increasingly fraught fight against climatechange. . spending bill that pumps hundreds of billions of dollars into climate investments. .
The chief executive of a large insurance company recently asked me what the best way would be to catalyze his sector to rise to the climate challenge (meaning align their insurance policies to support climate action as well as their general account investments).
Transformation and innovation are needed in the financial system to make good on Baku agreement, says Ben Taylor, Partner, ClimateChange and Sustainability Services at EY. ESG Investor: What are the implications of the outcome on climate finance? This presents both risks and opportunities.
July 25, 2023 /3BL/ - A new report released today by the Ceres Accelerator for Sustainable Capital Markets and the California Department of Insurance reveals that insurance companies are pursuing a wide variety of strategies to manage the increasing risks associated with climatechange. Climate Risk Management in the U.S.
A great deal of work lies ahead: to be on track to meet Canada’s national climate goal by 2030, emissions from the agriculture sector must decline at an average annual rate of 2.9 But data from Environment and ClimateChange Canada (ECCC) shows a yawning “say–do” gap, with emissions declining by just 0.4
Climate spending: funding shortfall FY2015/16–2023/24 “With this report, Corporate Knights has given us a valuable and readable scorecard that highlights federal government initiatives to address climatechange across departments and policy instruments. What was promised? What has been delivered?”
Understanding Climate Scenario Analysis What is climate scenario analysis? Climate scenario analysis is a strategic tool used by businesses to evaluate the potential impacts of climatechange on their operations, assets, and overall business strategy. degrees Celsius by 2100.
LGPS Central has stressed that its new NetZero Strategy for long-term emissions reductions will not be derailed by the UK government’s recent watering down of climate policy. Climatechange isn’t going to go away because we’ve got a general election in this country.
Despite the improvements in disclosure and climate pledges, however, the study found that direct emissions from the companies have not declined this year, and are on track to significantly exceed those needed to achieve the global goal to limit temperature increase to 1.5°C. Click here to access the MSCI report.
Contrary to what people might think, the federal budget tells us precious little about what the government is actually spending money on this year when it comes to clean economy incentives, or anything else for that matter. The official response was a shoulder shrug. That's a big number.
CanREA’s Electricity Transition Hub will help Canadian electricity utilities and system operators transition to a net-zero economy by 2050. We are working with energy system operators and utilities from across the country to deliver a net-zero future,” said Minister Wilkinson. Today’s investment of $1.6
The latest Intergovernmental Panel on ClimateChange global synthesis report has sounded a sobering alarm. The stakes could not be higher in the global struggle to mitigate and adapt to climatechange, and time is running out. by utilizing cleantechnologies) or by providing products or services in a green sector (e.g.,
trillion was invested in cleantechnologies, including heat pumps, electric vehicles, nuclear power, storage, grids, low-emission fuels, and efficiency improvements. This significant investment in cleantechnologies underscores the potential and importance of renewable diesel in the energy sector.
FMC was launched at the COP26 climate conference, creating a coalition of companies committed to creating early markets for cleantechnologies addressing hard-to-abate sectors.
Although prevailing wisdom holds that time is running out, BloombergNEF’s New Energy Outlook 2024 seemingly shows how the world could still achieve the major goal of the Paris Agreement – holding global warming to well below 2°C and avoiding the worst impacts of climatechange – and what it would take to get there. is buildings).
Emmanuel Lagarrigue and Charlie Gailliot, Co-Heads of KKR’s Global Climate Strategy, said: “We are still in the early innings of what will be a multi-decade transition to netzero, which is one of the biggest investment opportunities of our time and requires participation from across the financial sector.
DESCRIPTION: The United Nations Glasgow ClimateChange Conference, also known as COP26, concluded in November with 200 nations signing the Glasgow Climate Pact (GCP), an agreement that could accelerate climate action and drive big carbon cuts. SOURCE: AllianceBernstein. The problem? It’s hard to say.
Chris Skidmore, former MP and author of the netzero review, talks about what the next UK government should do to get the country’s netzero commitments back on track. “I cannot vote for the [Offshore Petroleum Licensing] bill next week. In May, a High Court ruling ordered it publish a revised netzero strategy.
Woods added: “The projects funded through investment in the New Zealand netzero Fund will not only decarbonise our energy use, but will also create highly-skilled jobs here in New Zealand, and opportunities to grow New Zealand companies.” New Zealand has also set an aspirational goal to reach 100% renewable electricity by 2030.
Progress was made across these short-, mid-, and long-term measures in 2021: In the environmental sustainability space, Keysight committed to netzero emissions in company operations by the end of fiscal year 2040, in alignment with the Paris Agreement's preferred goal to limit global warming to 1.5°C.
It was a record year for the company, as we delivered 17 percent revenue growth and 45 percent earnings per share growth and made a formal commitment to achieve netzero emissions in company operations by 2040 and announced our first publicly communicated diversity goals — both of which we made progress on during the year.
In line with the Challenge’s advanced technology specifications, these heat pumps will be designed to help organizations meet their energy efficiency needs and decarbonization goals. “As
Every major economy has an industrial zone like the Port of Rotterdam, a place where smokestacks, pipes, and tanks tell one story of climatechange. Having presented the global risks from Arctic climatechange to audiences at the World Economic Forum at Davos each year, Gail is worried. It is a complicated place.
As more people become concerned by the heat waves, forest fires and flooding exacerbated by climatechange, they're switching their carbon-emitting home appliances for electric, emissions-free alternatives. Critics say fear of climatechange will not prompt people to adopt new technology. megatonnes, or about 8.6%
The same, of course, could be said of the battle that is underway to stop catastrophic climatechange. But as the world lurches toward increasingly dire environmental scenarios, vows for equitable climate action don’t materialize. In fact, the Global South’s own contribution to climatechange is not uniform.
DESCRIPTION: Tetra Tech’s Rodrigo Chaparro, senior climate advisor, looks at how international development agencies can advance carbon markets. This is the third in a three-part series exploring how Article 6 of the Paris Agreement can spur the clean energy transition. Key Issue 2—The Corresponding Adjustment.
While the report’s forecasts are encouraging for the development of a clean energy economy and the resulting climate impact, the IEA notes that significant gaps remain between the above scenarios and the actions needed to achieve the netzero 2050 NZE case, viewed as necessary to limit warming to 1.5?°C
Again, these projects can be quite diverse: from renewable energy to sustainable agriculture and cleantechnology, there is so much potential in implementing different project types and harnessing various technologies to generate climate impact for all. These are known as afforestation and reforestation projects.
Report calls for investors to engage at local level to encourage growth of sectors required to power netzero transition. billion of annual investment will be needed in 2022 to deliver netzero, rising to over £50 billion by 2030, with financing needs in the current decade highest in electricity supply.
Report calls for investors to engage at local level to encourage growth of sectors required to power netzero transition. billion of annual investment will be needed in 2022 to deliver netzero, rising to over £50 billion by 2030, with financing needs in the current decade highest in electricity supply.
Lanes has used a jet vac tanker to clean silt traps in the giant water tank. The innovative system, developed and manufactured in the UK, has also contributed to the NHS’s netzero commitments – in part by preventing the need to excavate and move hundreds of tonnes of earth and foundation aggregate.
Heather Clancy is an award-winning journalist focused on innovation and transformative technology as it relates to corporate climate action. Together they host the weekly GreenBiz 350 podcast, where they explore the organizations and individuals driving cleantechnology and sustainable businesses. Switched On.
The guidelines released alongside the framework provide a standardized methodology to ensure that future government support is aligned with the country’s climate and energy priorities, and precludes funding of discretionary programs not aligned with the framework.
Although minerals are critical to a netzero future, ongoing environmental and social abuses cannot be ignored, urges Brumadinho community representative. It will further attempt to identify where existing ESG data can be consolidated, so investors and corporates can align.
The two coordinated sign-ons are one of two major pieces of housing and climate policy advocacy landing in Ottawa today, along with a report from the Task Force for Housing and Climate that calls for construction of 5.8 million affordable, “net-zero-aligned” homes by 2030. You’ve made a contribution.
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