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The private sector accounts for the majority of global emissions, but at present, business progress and delivery against decarbonization targets, ambitions and aims is not being captured.
The impact of CO2 emissions presents one of the most challenging issues of the 21st century. Chemical companies around the world are responding strongly to the challenge of decarbonization, with commitments to contribute to long-term climate protection goals by focusing on energy efficiency, recycling, and resource recovery.
DNV’s fifth annual Energy Transition Outlook comes two months before COP26 , the climate summit of world leaders, in Glasgow. “A lot of ‘building back’ as opposed to ‘building better’ and although this is a lost opportunity, it is not the last we have for transitioning faster to a deeply decarbonized energy system.”.
Efforts to secure global commitments to phase out fossil fuels in prior UN climate conferences have failed, with last year’s COP27 agreement only calling for an “increase in low-emission” energy and renewables, and COP26 including a pledge to “phase down” unabated coal use and inefficient fossil fuel subsidies.
The most recent UN climate conference, COP26, highlighted the role of forests and agriculture in ways we have not seen before. COP26 saw over 30 major financial institutions announce their intentions to eliminate the leading sources of commodity-driven deforestation from their portfolios.
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. and avoiding the worst impacts of climate change. .
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. Answering that question requires a brief history lesson.
To further assist the ASEAN region and ASEAN member states in boosting their decarbonization ambition, several partners have teamed up to create the ASEAN Green Future project. The project aims to demonstrate how sustainable, decarbonized economies offer enhanced economic development and more resilient futures for the region.
The Council of Engineers for the Energy Transition (CEET) plans to deliver a statement in a public-facing panel-setting to present engineering solutions for the energy transition. Join SDSN's Aline Mosnier, as she presents Chapter 6 of the report: "Transforming food systems".
This statement is the We Mean Business Coalition response to the Glasgow Climate Pact, agreed at COP26. . Ahead of COP26, more than 750 businesses, employing 10 million people globally and with US$2.7 The COP26 outcome highlights the importance of countries doing everything possible to stay within the 1.5 °C C alive, just.
As delegates head home, these are the key lessons that business leaders can take from Cop26. While some saw Cop26 as a story of opposing voices inside and outside, I believe that the street and the boardroom are closer than they have ever been. Nature came to Cop26 like never before. The number of companies setting 1.5°C-aligned
In South America , we co-organized a regional virtual dialogue of Finance Ministers, economists, and energy experts entitled " Towards Decarbonization of the South American Economies ” and also published Decarbonization Pathways for Paraguay's Energy Sector.
The surge in attendance, doubling since COP26, can be attributed to heightened private sector engagement. Businesses are recognizing both the urgency of climate action and the opportunities it presents. COP serves as a platform for collaboration and problem-solving among diverse stakeholders.
The Summit revolved around the theme, “ Providing Net Positive Global Leadership ,” and included two sessions on defining and decarbonizing global Scope 2 & 3 emissions, ending with a segment on corporate best practices in Scope 4 climate policy.
The Summit revolved around the theme, “ Providing Net Positive Global Leadership ,” and included two sessions on defining and decarbonizing global Scope 2 & 3 emissions, ending with a segment on corporate best practices in Scope 4 climate policy.
Decarbonizing the world energy system by mid-century to meet the 1.5° COP26 represents a decisive opportunity to put nations on the path to decarbonization by 2050 as countries raise their ambitions in their nationally determined contributions and long-term strategies under the Paris Agreement. Mia Mottley of Barbados, H.E.
After successful events at COP22 , COP23 , COP24 , and COP25 , this year, SDSN virtually hosted the Zero Emissions Solutions Conference (ZESC) , formerly the “Low-Emissions Solutions Conference,” on the sidelines of COP26 from November 1-5, 2021.
In this article, I’ll summarise key sustainability events defining 2021 and then present four sustainable ESG trends that will settle companies’ environment in 2022. Finally, we had the Conference of the parties COP26, where countries and businesses increased their climate ambition. 2021 Sustainability Summary.
This section of our 2022 Sustainability Report presents an overview of how and why our operations release methane emissions, describes our efforts to mitigate these emissions, and shares our perspective on regulations and industry initiatives to reduce the amount of methane released into the atmosphere through oil and gas operations.
Around 90% of the world’s goods are seaborne at some point in their lifecycle – from our Christmas presents up to crucial supplies of food and fuel. . Following the Clydebank Declaration announcing the establishment of green shipping corridors at COP26, COP27 saw the introduction of the Green Shipping Challenge. .
NDCs of developing countries – many of them justifiably not focusing on substantial mitigation action have seized on the opportunity of presenting adaptation plans including tentative investment and financing needs. How to both strengthen and move beyond NDCs with a focus on national implementation to transform food and land use?
Climate & Energy Over the last year, the C&E team has worked around the world to support long-term decarbonization pathways planning in collaboration with our networks and partners. This year’s report was published as a special edition in support of the first EU wide Voluntary Review to be presented at the UN in July 2023.
With more than 100 countries (including Canada) signing on to the Global Methane Pledg e at last fall’s COP26 summit – and milestone methane reports from the International Energy Agency, the United Nations Environment Programme and the Intergovernmental Panel on Climate Change – it is clear that we are now on the precipice of global action.
SCE’s first policy paper, Clean Power and Electrification Pathway , published in 2017, presented an integrated blueprint for California to reduce GHG emissions and air pollutants by 2030. We have been supporting the increased investments in both building and transportation electrification presented in Governor Newsom’s budget proposal.
SATURDAY 13 NOVEMBER – This statement is the We Mean Business Coalition response to the Glasgow Climate Pact, agreed at COP26. . An updated draft proposal was released by the COP26 Presidency this morning, on the last official day of the conference. READ THE FULL STATEMENT HERE > FRIDAY 12 NOVEMBER – ANALYSIS: .
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