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Members of Alberta’s governing United Conservative Party are debating whether to abandon existing net-zero targets at the party’s annual general meeting in Red Deer this week – a move that would further signal the province’s departure from global and national priorities for mitigating emissions.
WALLDORF, Germany, September 27, 2024 /3BL/ - SAP SE (NYSE: SAP) announced a partnership with Ambipar (B3: AMBP3; NYSE: AMBI), a global leader in environmental solutions with operations in 40 countries, to bring NetZero as a Service to customers and support the fight against climatechange.
London-based HSBC Holdings says it will cease financing for the development of new oil and gas fields in order to tackle climatechange while carving out its Canadian unit from the policy change. We have limited oil sands exposure in Canada.
While the final shape of the proposals to be agreed by member states remains to be seen, Abbasov and ICS agreed that it was likely to not stray far from scenarios contained in the draft document. A statement provided by Shell welcomed signs that some form of new regulatory regime was on the way.
But it contains no mandatory regulations or new public investments to bring emissions from the country’s more than 16 million homes , 564,000 commercial and institutional buildings, and 34,000 federal properties to net-zero. The document.
While environmental groups zero in on animal agriculture as a top driver of climatechange, deforestation , biodiversity loss and ocean degradation , a growing number of consumers and governments have been demanding more from the sector to cut its carbon footprint.
trillion by the early 2030s in the latest net-zero roadmap published this morning by the International Energy Agency. C has narrowed in the past two years, but clean energy technologies are keeping it open,” said IEA Executive Director Fatih Birol, in a release summarizing the 227-page document. trillion in 2023 to $4.5
Water industry experts from Ricardo and Mott MacDonald have collaborated to create what they describe as “a pioneering strategy that will guide the UK water industry to achieve netzero carbon emissions by 2030.” Netzero by 2030 will be a huge team effort.”.
Deutsche Bank announced the publication of its initial Transition Plan, outlining the bank’s methodologies, targets and achievements on its path to net-zero by 2050, across its own operations and supply chain, as well as financed emissions. This will allow us to continuously refine our own Transition Plan.”
The Chartered Institute of Logistics and Transport (CILT) believes its sector “can achieve net-zero by 2050” through a range of measures recommended to government and others in its latest report, Routes to Net-Zero 2050: 2020 Year End Summary. Setting carbon budgets for the transport sector.
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. . negotiator, told the Associated Press. .
In August of that same year, reinsurance company Munich Re published a report on the devastating impacts of recent floods, warning of the risks of climatechange. The document called for more study of global warming, “as a result of which glaciers and the polar caps recede, surfaces of lakes are reduced and ocean temperatures rise.”
And the UN projects that more than two-thirds of us will live in cities by 2050, the same year we need to achieve net-zero. After years of relentless focus on climatechange mitigation through decarbonization, creating resilience to the changes that are already upon us took centre stage at this year’s conference.
Implementation guidance aims to support a wide variety of netzero strategies. Updated guidance published by the Institutional Investors Group on ClimateChange (IIGCC) seeks to ensure investors have the flexibility they need to effectively apply netzero strategies across all asset classes they invest in.
Download the document. In this report, Citi’s Sustainable Finance team takes a detailed look at two hard-to-abate sectors — transport (road freight, aviation and shipping) and industry (cement and steel) — which need to be focused on to successfully meet netzero emission commitments.
A new report sets out a strategy for achieving netzero concrete and cement. Making NetZero Concrete and Cement Possible appears to show, through its NetZero scenario, how the sector can reach netzero GHG emissions and comply with a 1.5°C
COP28 may have not delivered all it promised, but investors now have a clearer idea of how the path to netzero will impact their portfolios. UN ClimateChange’s NDC synthesis report found they would collectively only deliver a 5.3% C of climatechange by 2100.
UK banks, on the other hand, followed their transatlantic counterparts in weakening alignment of their business models with netzero objectives. NatWest and Barclays both dropped climate targets from their bonus schemes for senior executives, while HSBC pushed back its netzero ambitions by 20 years.
Download the document. The report provides insights from sustainability experts on what is required to achieve netzero transition in climate-intensive sectors such as steel, cement, agricultural commodities and oil and gas, and what investors engaging in these sectors need to know in order to have real economic impacts on green transitions.
The clear highlight of the conference finale was the “Loss and damage” agreement, with developed nations committing to set up a fund that would pay for climate-change related damage in poorer, vulnerable countries. This is crucial moving forward because there can be no lasting action against climatechange without climate justice.”.
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.
The COP28 decision text, released Wednesday morning, included language about “transitioning away from fossil fuels in energy systems” and “reducing both consumption and production of fossil fuels in a just, orderly and equitable manner so as to achieve netzero by, or before, or around 2050 in keeping with the science”.The
New Principles on the US Department of the Treasury will make netzero investment the “expectation for all financial sector actors”, US-based investor network Ceres has told ESG Investor. The nine principles include netzero commitments being aligned with 1.5°C,
Public support for clean energy is growing at a pace of knots and most governments now also view climatechange as a non-negotiable priority to tackle. This ambitious document outlines support for the low carbon sector via the creation of 250,000 new green jobs and via direct industry investment.
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.
Scotland must do more to help hydropower facilities maximise their output and prevent negative impacts on wildlife in the face of the challenges posed by climatechange, according to a new report. The document lays out a series of recommendations to help tackle the problem of sediment buildup at dams and weirs across the country.
In 2024, USGBC is doing a slow-release of LEED v5, which introduces new prerequisites such as "embodied carbon assessment" and "climate resilience assessment" to emphasize upfront environmental impact and long-term adaptability to climatechange. Documentation Gather any necessary information for certification.
Our journey began with a focus on understanding our impact on one of the most pressing issues of our lifetime—climatechange. In recognizing climatechange as an imperative, we announced aggressive greenhouse gas emission reduction goals that will challenge us well into the future as we pledge to become carbon neutral by 2040.
At COP26 in Glasgow, the then-Chancellor of the Exchequer Rishi Sunak announced plans for the UK to become the world’s first netzero-aligned financial centre. For the first time, the UK pledged to align the financial and private sectors with an environmental netzero goal,” Karen Ellis, Chief Economist at WWF-UK, told ESG Investor.
Download the document. The IPCC is expressing the need for urgent action on climatechange and society is expecting sustainability leaders to answer the call. Corporations play an important role in helping tackle climatechange in this critical decade, through emission reductions targets and ambitious netzero goals.
Originally posted on GFANZ on September 19, 2023 The Glasgow Financial Alliance for NetZero (GFANZ) Secretariat today launched a consultation on its work to further refine the definitions of its transition finance strategies and support financial institutions to forecast the impact of these strategies on reducing emissions.
As the focus sharpens on how governments and businesses are turning netzero commitments into action, We Mean Business Coalition, CDP, Ceres and Environmental Defense Fund have this week released a new report to help companies accelerate their climate journey – via credible climate transition action plans (CTAPs).
One of the key changes to the directive proposed by Council’s position relates to the use of offsetting through carbon credits in making climate-related claims, such as “carbon neutral,” or “netzero.”
New guidance on portfolio alignment metrics by the Glasgow Financial Alliance for NetZero (GFANZ) has received a mixed response with some seeing it as a foundation for further efforts, while others have warned it may serve to dilute institutions’ focus on heavy emitters. . C of global warming by 2050. .
NZBA open letter highlights risks from divergent responses of stakeholders to climate emergency. . The future stability of the Glasgow Financial Alliance for NetZero (GFANZ) is under scrutiny after a member group appeared to distance itself from updated UN-endorsed rules for achieving netzero emissions by 2050. .
DESCRIPTION: Tetra Tech’s Rachel Bigby, Jennifer Warfield, and Mary Beggs discuss what publicly traded companies can do to set up for disclosure readiness, prepare a compliance strategy to address upcoming climatechange disclosure requirements, and advance their Environmental, Social, and Governance (ESG) maturity.
“We are eager to hear from suppliers and developers who can help us use existing networks to continue safely and reliably meeting the energy needs of our customers as we make progress toward netzero,” said James Holodak, Vice President, Energy Procurement, National Grid. RFI Sustainable Supplies Document - Issued May 13 2022.
Non-profit organisation’s report describes actions that would gear the buildings and construction sector towards a netzero future, through elimination of embodied carbon emissions. It is only then the industry will shift its approach, and we can move towards netzero carbon emissions. The time for action is now!
Download the document. In this edition, we present scenarios that reach net-zero emissions in 2050 and achieve the goal of the Paris Climate Agreement, reflecting growing interest in climate pathways.
While Iberdrola said that the ESG measurement model integrated into procurement decision making will be maintained for the 2023 – 2025 period, new climate-related action plans are under consideration in order to help the company meet its 2040 sustainability goals.
These additional requirements include reporting on scope 3 GHG emissions, conducting a climate risk assessment to identify risks in alignment with the TCFD, completing the CDP climatechange questionnaire and committing to developing a science-based target validated by the SBTi. Who does it affect?
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