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Coming at the end of what is going down as the hottest year on record, it was easy to feel that the annual meetings of signatories to the 1992 UN Framework Convention on ClimateChange (UNFCCC), plus the circus of non-governmental organizations, lobbyists and negotiators that has grown up around them, have failed to deliver.
Here are the key takeaways from a roundtable discussion McKinsey hosted at the COP26ClimateChange Conference. How can the cement and construction industry achieve net zero by 2050?
SUMMARY: The need for climate finance – the local, national, or transnational financing that enables climatechange mitigation and adaptation – was much debated at COP26. Bridging the Funding Gap at COP26: Governmental Pledges. Bridging the Funding Gap at COP26: Private Sector Initiatives.
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. To achieve 1.5
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. COP26 Reflects Increased Drive for Climate Action .
In an open letter to its clients, HSBC CEO Noel Quinn said the bank had been motivated to ramp up its environmental ambition by customer concern about climatechange. "We If you want to know what HSBC's stance on climatechange really is, look at what they fund, not their fluffy marketing," he added.
Last year saw significant activity as governments, utilities, businesses and other entities zoned in on mitigating climatechange 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.
Launched at COP26, the Energize program has educated hundreds of pharmaceutical suppliers. Collaboration with suppliers to reduce our Scope 3 carbon footprint is integral to collectively mitigate climatechange impacts. Renewable energy procurement can be a game changer as companies decarbonize.” LOUISVILLE, KY.,
Civil society organizations are gearing up to hold financial industry players accountable on the lofty commitments they made at COP26 in November. Ultimately, best practices come down to are we seeing year-over-year changes in their capital flows?”. It could also delay investments needed to help mitigate the impact of climatechange.”.
KPMG published the Net Zero Readiness Index in 2021, 1 a few weeks before the COP26 UN climatechange conference in Glasgow. Attempts to phase out the use of coal, the single biggest contributor to climatechange, failed with weaker language to ‘phase down’ its use in the final agreement.
Anybody who’s watched the news over the past month will know that the effects of climatechange are becoming too pressing to ignore. Put together by the UN’s Intergovernmental Panel on ClimateChange (IPCC), the comprehensive report confirms that “it is unequivocal that human influence has warmed the atmosphere, oceans, and land.”
As the number of severe weather events continues to rise across Canada and globally, it’s evident the fight against climatechange is a constant threat to our world’s health, safety, and sustainability. These companies are working across sectors to bring businesses together in their ambitions to address climatechange.
On the eve of COP 27, we lay down the critical role of ICT and public-private partnerships in helping our world mitigate, adapt to and build resilience against climate catastrophe. More and more, I think the questions we need to ask ourselves are no longer just ‘what is climatechange?’, and ‘why should we care?’.
Discussing designing clean hydrogen markets to support decarbonization efforts. He works across Tetra Tech on decarbonization and clean hydrogen market design within the gas sector. Since 2017 Justin has focused largely on the role decarbonization of gas can play in achieving rapid and sustainable decarbonization.
With world leaders vowing increased scrutiny over businesses’ climate policies at the UN ClimateChange Conference (COP26) and regulators crafting disclosure rules to increase transparency around firms’ climate risk profiles, executives are scrambling to accurately map their carbon footprint.
Methane is a primary component in natural gas and a contributor to climatechange. Why is reducing methane emissions so important to climatechange mitigation? This powerful warming effect causes experts to believe that cutting methane emissions is critical to mitigating climatechange. Read more
The City of Ithaca, New York has voted to electrify its entire building stock -- the first large-scale, city-wide decarbonization effort in the U.S. Myrick to negotiate a contract with BlocPower, a Brooklyn-based climate tech startup focused on greening aging urban buildings. Follow @EngelsAngle. to follow.".
DESCRIPTION: LAUSANNE, Switzerland, December 20, 2022 /3BL Media/ - Tetra Pak has been recognised for leadership in corporate transparency and performance on climatechange and forests by global environmental non-profit CDP , securing a place on its prestigious ‘A List’ for the fourth year running. C without nature.
DESCRIPTION: As we look back to Earth Day 2022, and cap a month of focus on our planet, I am reminded of the COP26 collaboration ambitions and the clear message that industry has a critical, active role to play in in advancing action on climatechange.
Candidly, Gore is the reason I’m on the corporate climate beat, so I was inspired by the invitation to interview him as a virtual keynote session for SEMICON West , a conference focused on members of the semiconductor industry. It’s well-documented that climatechange has a disproportionate impact on communities of color.
DESCRIPTION: When the first draft of history is written, last November’s COP26climate summit may be viewed as a turning point. Not for its concrete outcomes, but the shift in public sentiment that commitments are no longer enough, and corporations must do more to solve our world’s water and climate challenges. SOURCE: Ecolab.
As climate expectations continue to evolve, we believe it is part of our shared responsibility to provide guidance for companies looking to create and own their climate plan. Nasdaq, along with a broad range of stakeholders, is helping to provide suggested steps towards climate progress and transparency.
By 2050, if all of the climate-change related pledges and regulations take effect as currently planned, we should be living in a clean-energy powered world with a fully carbon-free electricity system powering fully electrified transportation , industrial and building sectors. See you in Dallas!
The global push to produce all electricity from clean sources won’ t be enough to meet the net-zero target of the Paris climate agreement , according to a new report from energy consultant DNV. DNV’s fifth annual Energy Transition Outlook comes two months before COP26 , the climate summit of world leaders, in Glasgow.
COP26 focused the attention of governments and businesses on a key targe t: limiting global temperature rise to 1.5C The Glasgow Climate Pact made clear that the days of coal and fossil fuels are numbered, that carbon markets are here to stay, and that deforestation must come to an end. by halving global emissions by 2030.
The launch of the fund follows the release last year by the government of its Emission Reduction plan to address climatechange and the country’s transition to a low emissions economy. According to BlackRock, the fund marks the firm’s largest single country decarbonization-focused project to date. It is already doing that today.
The letter, coordinated by climate-focused nonprofit We Mean Business, was signed by companies including IKEA, Nestlé, Ørsted, Unilever and Volvo Cars, and said that the companies are already “feeling the impacts and cost of increasing extreme weather events resulting from climatechange.”
DESCRIPTION: Tetra Tech’s Rodrigo Chaparro, senior climate advisor, looks at three Cooperative Approaches as a market-based path toward net zero in advance of the 2022 United Nations ClimateChange Conference (COP27). Designing and implementing decarbonization pathways for utilities and private corporations.
It comes at a time when there is high scrutiny of the country’s climate policies in the countdown to COP26 in Glasgow in November. New York announces initiatives to explore green hydrogen for decarbonization. By Kevin Ross, Editor-in-Chief of Enlit Europe and Power Engineering International.
DESCRIPTION: Tetra Tech’s Rodrigo Chaparro, senior climate advisor, looks at how international development agencies can advance carbon markets. The 2021 United Nations ClimateChange Conference (COP26) established an accounting mechanism known as the “corresponding adjustment” to ensure that only one country counts each emission reduction.
Jonas Otterheim, Head of Climate Action, at Volvo Cars, said: “We have previously used the COP summits to push collective climate action and COP28 will be no different. What we and other like-minded companies are trying to do is develop and scale up transformational technologies to decarbonize sometimes ancient industrial processes.”
This year’s COP26 summit is widely viewed as one of the last chances to fulfil the 2015 Paris climate agreement and ensure meaningful progress is made towards tackling our net zero targets and the climate emergency. Production costs. We simply need to commit, think bigger and embrace what it can offer us. We must do more.
DESCRIPTION: The roadmap focuses on reducing emissions from land-use change in the cattle, palm oil, and soy sectors, while protecting global food systems and producer livelihoods. We must face climatechange while also increasing global food production to ensure food security. The Agriculture Sector Roadmap to 1.5°C C target.”.
This past summer, one in three Americans experienced the future of climatechange and its repercussions of extreme weather , including hurricanes, floods, droughts, heat domes, and wildfires that now make summer the most dangerous season on earth. climate panel said in a recent landmark report. . Transforming Fast. Investment.
DESCRIPTION: At the recent COP26climate talks, countries and companies largely focused on tackling climatechange by decarbonizing the energy sector. The role of packaging in addressing climatechange risks. We have some climate action gaps. Words by Leon Kaye. SOURCE: TriplePundit.
C by 2030 in order to limit the most catastrophic impacts of climatechange. South America has abundant clean energy resources available and a huge opportunity to decarbonize power grids, transport, and industry across the continent, as well as to bolster natural carbon sinks and biodiversity. Further, the IPCC 1.5 °C
Technological Innovations: COP28 showcased various technological advancements and innovations aimed at combating climatechange. The fund will aid nations facing severe climatechange impacts. The surge in attendance, doubling since COP26, can be attributed to heightened private sector engagement.
and avoiding the worst impacts of climatechange. . The G7 Communique shows a patchwork approach that failed to live up to the promise made just a few months ago at COP26. The G7 reaffirmed the commitments made by Ministers earlier in the year, for example, to decarbonize power systems by 2035 and phase out coal.
At Climate Week 2022, Ceres will continue to encourage companies, investors, state and federal lawmakers and regulators to keep pushing forward with ambitious climate action plans and policies to ensure we meet our all-important targets and protect our communities and economy from the material and financial risks of climatechange.”.
This statement is the We Mean Business Coalition response to the Glasgow Climate Pact, agreed at COP26. . The Glasgow Climate Pact represents a vital step in our shared efforts to keep global warming to 1.5 °C Ahead of COP26, more than 750 businesses, employing 10 million people globally and with US$2.7
Bell, EY Global ClimateChange and Sustainability Services Leader. So, it’s good news that businesses are now expressing a real desire to rise to the challenge the climate and ecological crisis presents. But it’s also true that this mobilization of private capital probably represents the best lever for mass decarbonization.
In order to secure the rights of current and future generations, societies must transition toward total decarbonization by 2050. According to the Intergovernmental Panel on ClimateChange (IPCC)’s 2019 Special Report on ClimateChange and Land , the pace of decarbonization needed to meet the 1.5°C
(Photo by Elena Mozhvilo on Unsplash ) Scaling Impact and Strengthening Accountability Toward Net Zero Through the B Corp Climate Collective Brigitta Nemes, Senior Manager Environmental Standards at B Lab Global, shares her reflections on a new direction for the B Corp Climate Collective’s work on net zero.
CEET’s objective is to promote and highlight Egypt’s major theme: “Getting to implementation”, through a first-time in history, engineer-led and co-designed decarbonization forum.
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