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Green groups urge UN to raise climate ambition on global shipping. The global shipping industry's decarbonization efforts once again face stormy seas. Faïg Abbasov, head of shipping at campaign group Transport & Environment, told BusinessGreen the proposal was "essentially an empty shell." "To Cecilia Keating.
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.
And climatechange remains a big one. . But in reality, with revenues and ticket sales way down, there's only so much commercial airlines actually will do to meet decarbonization goals. More specifically, Amazon's air shipping business, which along with its entire global logistics supply chain juggernaut is booming. .
The Transform to Net Zero initiative launched Tuesday will see members of the coalition — which also include Danish shipping giant Maersk, Indian information technology company Wipro and Brazilian beauty company Natura & Co — collaborate on research, guidance and roadmaps to help businesses slash their carbon emissions in line with a 1.5
million in a funding round with proceeds aimed at advancing its low cost, modular carbon capture solution to help decarbonize the maritime shipping sector. Founded in 2021, California and Texas-based Carbon Ridge is a developer of onboard carbon capture & storage (OCCS) solutions for the maritime shipping industry.
DESCRIPTION: 3M is expanding research and development into emerging technologies focused on decarbonization and renewable fuels. Their work builds upon current climate-focused solutions from 3M, which will be on display at a temporary 3M Climate Innovation Center during Climate Week NYC, Sept. SOURCE: 3M.
The last 15 percent of the economy is hard to clean up — aviation, shipping, manufacturing, long-distance trucking," Fakhry said in an interview. It is the missing part of the puzzle to a fully decarbonized economy," the European Commission wrote in a July strategy document. Green hydrogen can do that.". Green hydrogen can do that.
The company is emerging as a leader in accelerating industrial decarbonization through its innovative, industrial-scale carbon capture solutions, ready for immediate implementation. This modularity ensures efficient integration and optimization, empowering industries to meet their decarbonization goals with flexibility and precision.
From a climatechange perspective, steelmaking is considered one of the "hard-to-abate" sectors. The hydrogen required will significantly contribute to bringing down the cost of this zero-carbon fuel, which in turn can help the economy to address emissions from other sectors such as aviation or shipping.
Professional services firm KPMG in Ireland and climate-focused software provider CoolPlanet announced a new alliance, aimed at delivering end-to-end decarbonization solutions for clients. The post KPMG Partners with CoolPlanet to Offer Carbon Accounting, Decarbonization Solutions appeared first on ESG Today.
When you think of a logistics leader like DP World, you probably imagine shipping containers and cranes not classrooms and scholarships. In Suriname, the company partnered with COSCO Shipping Lines to renovate the media library at OS Lobatoschool near the Jules Sedney Terminal in Paramaribo.
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.
Across all industrial sectors, new business guides for procurement are needed in order to get a better handle on decarbonization priorities, Valanko said in late May during a session at VERGE Electrify. But there are a lot of industrial operations where commercially available solutions for decarbonizing do not yet exist. Pull Quote.
Transportation is a growing source of the global greenhouse gas emissions that are driving climatechange, accounting for 23% of energy-related carbon dioxide emissions worldwide in 2019 and 29% of all greenhouse gas emissions in the U.S. We are already in the midst of these changes.
It also includes an intermediate CO 2 storage and ship loading system at Oslo harbor, from where the CO 2 will be transported to the Northern Lights permanent storage facility on the Norwegian continental shelf. When operational, the carbon capture plant is expected to capture 350,000 metric tons of CO 2 annually. Find out more at slb.com.
A stark choice between climate stability and global devastation is the constant drumbeat from a landmark report released today by the Intergovernmental Panel on ClimateChange (IPCC). Already, “widespread and rapid changes in the atmosphere, ocean, cryosphere , and biosphere have occurred,” the report says.
The shrivelled Rhine of 2018 became a harbinger of the devastating impact that climatechange will have on the backbone of the German economy. Historically, some 40% of the raw materials entering the site do so by freight ships. The river’s water was too warm to effectively cool BASF’s reactors. On the face of it, it is.
Lenovo is fully committed to its role in helping mitigate the impact of climatechange and is taking direct action with regards to how we manage services and transport solutions globally; in addition to innovative product design and the use of sustainable materials in manufacturing. About Maersk. Website: www.maersk.com.
The study, KPMG’s Net Zero Readiness Report 2023, was based on conversations with national climatechange experts in 24 markets and across 6 economic sectors, examining the steps taken by each to reduce greenhouse gas emissions, and their preparedness to achieve net zero by 2050.
But the carbon footprint of port operations and shipping is substantial, with shipping accounting for nearly 3% of global greenhouse gas emissions , according to the Organisation for Economic Co-operation and Development (OECD).
In the climate world, aviation is referred to as a hard-to-abate sector, alongside other heavy industries — shipping, aluminum, cement and concrete, among others — that aren’t easy to decarbonize through redesign or electrification. But like modern planes themselves, a lot of moving parts are involved.
DESCRIPTION: There is a huge decarbonization potential in buildings that can significantly contribute to the fight against climatechange. The question is why have these building decarbonization solutions not been applied at scale already? Episode 2: Beyond the scope of net-zero buildings.
Analysts and observers have been explaining for months that the projects wouldn’t go into production in time to address Germany’s immediate need, and the country’s commitment to rapid decarbonization would soon wipe out the demand that would justify a longer-term import/export deal.
SUMMARY: Leading utilities show how water sector could become one of the fastest to decarbonize using existing technologies at low cost. DESCRIPTION: WASHINGTON, October 12, 2022 /3BL Media/ – More than 80 water and wastewater utilities worldwide have set net-zero and climate-neutrality targets. SOURCE: Xylem Inc.
Further, the company continues to address the challenges presented by climatechange as it works toward a goal of carbon neutral global operations by 2040, guided by our strategy: decarbonize whats possible, co-create with purpose, and neutralize whats left.
This week in ESG news: Deloitte launches emissions calculator, ESG reporting tools; EU approves new carbon tax on imports; sustainable finance market rebounds in Q1; Apollo launches $4 billion clean energy transition strategy; DHL helps SMEs to decarbonizeshipping; most companies not confident in ESG reporting capabilities, Deloitte survey finds; (..)
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.
A global coalition fronted by former Vice President Al Gore promises granular insights and data into those sources — down to individual power plants, ships or factories. It’s well-documented that climatechange has a disproportionate impact on communities of color. ClimateChange. Where did they originate?
Despite the reductions in air travel and the global economic slowdown caused by the pandemic, climatechange sadly has not slowed down this past year. degrees C cap on average warming that governments pledged to aim for when they signed the 2015 Paris Climate Agreement to avoid dangerous climatechange.
As a corporate professional focused on ESG, nature and decarbonization services, as well as the blue economy, I looked forward to gathering first-hand information that would help drive and contextualize this work. But climatechange is changing that profile.
year-on-year between January and March, and tourist hotspots like Mykonos were overrun with cruise ship visitors this summer. A staggering 895 cruise ships were expected to visit Mykonos and the nearby island of Delos over the summer—a big jump from the 608 ships that docked there last year.
Rob Walker, President of Global Growth Markets at Cognizant, said: “Business that rely on a healthy ocean for their livelihood are facing unprecedented challenges because of climatechange and over-exploitation on their industry. The post Cognizant Launches Ocean Sustainability-Focused Business Group first appeared on ESG Today.
The company’s latest report provides updates on current sustainability initiatives and efforts supporting its long-term sustainability vision and commitments under these focus areas, including the company’s 2030 commitments to reduce carbon emission intensity and aspirations to achieve net carbon-neutral ship operations by 2050.
Now more than ever, there is an urgency to understand the effects of climatechange, engage in dialogue with those driving change and take steps to reduce the impact we have on our environment. We’re proud of the progress made so far, but we’re not slowing down.
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.
It’s an industry you can’t put on the internet; we will need shipping in the years to come, which means we have to ensure it is sustainable in the long term,” says Stephen Fewster, Global Head of Shipping Finance at Amsterdam-headquartered ING Bank. . Hydrogen has very low density, making it difficult to store on large ships.
The 28th Conference of the Parties to the United Nations Framework Convention on ClimateChange, also known as COP28, concluded on Dec. Xu is also the Chairman of Alibaba’s Sustainability Management Committee and in a statement, he said that the platform company is just starting on its journey to address climatechange.
The publication includes new targets for emissions reductions from financing carbon-intensive sectors including coal mining, cement and shipping, as well as new goals for emissions reporting from supply chain vendors and for energy consumption reductions in the bank’s own operations.
to discuss the future of climate action at the Climate Action 2016 Summit. Global thought leaders – including UN Secretary-General Ban Ki-moon, UN Secretary-General’s Special Envoy for Cities and ClimateChange Michael R. Earlier this month, 700 leaders from around the world convened in Washington, D.C.
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.
New York announces initiatives to explore green hydrogen for decarbonization. This home-grown clean energy source has the potential to transform the way we power our lives and will be essential to tackling climatechange and reaching Net Zero.”. Major hydrogen initiatives underway at US Department of Energy.
Event Overview: S&P Global Commodity Insights presents this online conference offering information from leaders in energy, climate policy, technology, and finance on the global impact of the rapid move toward net-zero energy. Decarbonizingshipping. Topics include: Energy in metamorphosis. Carbon markets. Future of Energy.
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. 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.
Nonprofits decoding non-human communication with AI are just one example in a renaissance of AI-powered nonprofits (APNs) using AI to protect biodiversity and fight climatechange. Our goal is to showcase the APNs leading the way and empower other organizations to accelerate AI solutions to address climatechange.
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