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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.
And the race to decarbonize that supply chain is intensifying, as reports indicate the earth may already have warmed more than the target 1.5 Less than a decade ago, it was thought, maybe, that investing $100 billion a year in developing countries’ sustainability aims would be adequate. and the urgency has been ratcheted up again. .;
VANCOUVER, British Columbia, July 23, 2024 /3BL/ - DP World , a global leader in supply chain solutions, is pleased to engage as a Pilot Partner in the Net Zero Supply Chain (NZSC) Initiative, a collaborative effort dedicated to advancing the decarbonization of Canada's freight-transportation supply chains.
Our accredited partnership program is a crucial part of our efforts to support financial institutions in their efforts towards decarbonization and is key to accelerating the transition towards a more sustainable and equitable globaleconomy.
All of these represent the surest pathways toward decarbonizing the globaleconomy, and all are ramping up to meet the commitments by governments to align with the goals of the Paris climate agreement. The paths from here to electrification and decarbonization are costly and complex. Surge protection. Pull Quote.
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.
Herweijer joined HSBC in 2021 as Group Chief Sustainability Officer and a member of the Group Executive Committee, and has overseen the development of the bank’s net zero strategy, including its portfolio decarbonization targets.
Global private capital investment firm The Carlyle Group and Singapore’s sovereign wealth fund, GIC announced today a strategic investment in green ammonia project development company Eneus Energy, aimed at supporting the company’s 14GW+ project pipeline development.
We are committed to developing products that allow them to invest or participate in efforts to bring about a more sustainable globaleconomy.". "We know this is an issue that many of our 40 million customers care deeply about, particularly in our retail and private banking businesses," Quinn wrote.
As pension plan members, we’ve been asking OMERS to either demonstrate how its fossil fuel assets have credible decarbonization pathways or divest them. Oil and gas companies and infrastructure don’t have a profitable financial future or a credible, science-based decarbonization pathway in a world that must rapidly phase out fossil fuels.
The report is part of the Ceres Food Emission 50 initiative, an effort focused on decarbonizing the nation’s food sector. Decarbonizing the U.S. food sector is key in our efforts to limit global temperature rise to no more than 1.5 SOURCE: Ceres. by the end of the decade.
Originally published on about.bnef.com BloombergNEF (BNEF) announced the winners of its 2024 Pioneers award, recognizing 11 early-stage companies working to introduce technologies and products that will accelerate globaldecarbonization and halt climate change.
In recent years, the European Commission has driven an ambitious decarbonization policy, striving to create a more resilient Europe and become the first climate-neutral continent in the world. To reach its target, the EU must first solve a triad of problems involving energy: security, industrial competitiveness, and decarbonization.
"Nonetheless, it's clear that all banks need to replace empty promises with meaningful policies enacting zero tolerance for fossil fuel developers.". Banks can decide to lock in the downward trajectory of support for the primary industry driving the climate crisis or they can recklessly snap back to business as usual as the economy recovers.
. - END - DP WORLD AMERICAS MEDIA CONTACT: Melina Vissat, Head of Communications, North America M: (+1) 704-605-6159 E: melina.vissat@dpworld.com ABOUT DP WORLD: Trade is the lifeblood of the globaleconomy, creating opportunities and improving the quality of life for people around the world.
This was hardly the first expression of concern about the potentially devastating economic impacts of climate change on companies, markets, nations and the globaleconomy. Slowly — much too slowly — but amid an unstable climate and economy we’ll take whatever progress we can get.
Global alternative asset and private equity investor KKR announced the release of its 2024 Global Macro Outlook, identifying decarbonization, and the large scale “brown-to-green” transition of asset-heavy sectors in particular, as a key “mega-theme” driving investment opportunities. Click here to access the report.
both earned spots in the Global 100 ranking, as did telecommunications giants BCE Inc., The Corporate Knights ranking allocates spots by sectors to reflect the globaleconomy. And Global 100 companies perform no better in terms of racial diversity than the broader universe of large publicly traded companies. Telus Corp.
The Ontario Power Authority has been absorbed by the Independent Electricity System Operator (IESO), and it is forecasting an eye-watering 60,000 MW of peak demand by 2050 for Ontario to successfully decarbonize the provincial economy. It seems unlikely these will be the Canadian-developed CANDU technology.
Mouriño will lead the development of DP World Americas’ sustainability strategy, focusing on integrating its environmental, social, and governance (ESG) goals. This strategic appointment aligns with DP World’s global commitment to driving sustainable change and innovation throughout the logistics and supply chain industry.
The ensuing conversations — and, no doubt, many more to come — are a continuation of the learning journey I’ve been on for the past few years, seeking to understand the role of the financial sector in advancing sustainability solutions and a clean, decarbonizedeconomy. Even still, last week’s conversations were a real eye-opener.
This year, the company was represented by a team of leaders, including Scott Tew, vice president of Sustainability; Jose La Loggia, president of Commercial HVAC EMEA; Helen Walter-Terrinoni, director of global climate policy; and Adnan Javed, general manager of Commercial HVAC for the Middle East. And we get to be a part of it.
The fund invests in companies founded or run by diverse talent driving innovation to advance the low carbon economy in areas including supply decarbonization, electrification, tech enabled infrastructure, reliability and resilience, and intelligent demand.
Jimmy Samartzis, Chief Executive Officer of LanzaJet said: “We continue to build a leading team of investors along the SAF value chain who believe in LanzaJet’s ability to decarbonize aviation, which will both address climate change and enable the globaleconomy.
This climate protection gap – the potential costs to an economy due to climate-related losses not covered by insurance – is growing. But this figure is far higher in developing countries where the protection gap looks more like a chasm. In the EU, only about a quarter of climate-related catastrophe losses are insured.
In 2022, GFANZ identified four strategies necessary for financing a whole economy transition to net zero, which collectively comprise “Transition Finance.” These are defined as financing or enabling: The development and scaling of climate solutions; Assets or companies already aligned to a 1.5
Trade is the globaleconomy's lifeblood, with maritime transport at its core. 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).
Black & Veatch announced today that it has been selected by Enegix Energy to perform feasibility studies central to the development of the world’s largest green hydrogen plant. Black & Veatch said it is engaged in developing, designing and constructing decarbonization solutions that fulfil these objectives all over the world. “As
For example, the Mission Possible Partnership gets leading heavy-industry companies, banks and governments to create investment-grade “net-zero” sector strategies in seven key areas of the globaleconomy — aviation, shipping, trucks, chemicals, steel aluminum and cement. More than 200 companies and organizations are so far involved.
Launched after nearly two years of development, the new ratings are expressed as an Implied Temperature Rise, indicating a company’s exposure to low carbon transition risks and opportunities, based on an analysis of its business model, emissions and management performance.
Investment giant BlackRock announced today the acquisition of infrastructure investor Global Infrastructure Partners (GIP) in a cash and stock deal valuing the company at $12.5 billion, citing emerging long-term opportunities in areas including decarbonization, energy security, digital infrastructure, and supply chain transitions.
The globaleconomy relies on air cargo,” notes Nehal Gautam in The STAT Trade Times, but “the relentless growth comes at a steep price.” There’s opportunity there, according to McKinsey’s Elliott Tinnes, Fernando Perez, and Matthew Kandel, exploring the challenges of “Decarbonizing logistics, Charting the path ahead.”
Increasing recycling requires supportive government policies and the development of infrastructure. Collectively, we can successfully recycle more cans, leading to more energy saved, fewer greenhouse gas emissions and increased revenue to help strengthen the circular economy.”
Canada unveiled its response to the emerging global race to scale up green energy and clean tech manufacturing capacity, with proposals for over $60 billion in tax credits and an additional $20 billion in sustainable infrastructure investments in its 2023 budget, presented by Deputy Prime Minister and Minister of Finance, Chrystia Freeland.
The company has also been leading decarbonization initiatives among Brazil’s port terminals. For instance, it has invested approximately BRL 80 million in the electrification of RTGs (Rubber-Tired Gantry cranes) as part of its global strategy to neutralize 100% of carbon emissions by 2050. . -
Originally published in International Paper's 2023 Sustainability Report Celebrating a decade with our company, Sophie Beckham is vice president and chief sustainability officer at International Paper, where she works across the enterprise to advance sustainability strategy development and the company’s Vision 2030 goal implementation.
The new Deloitte Center for Sustainable Progress report, “Work toward net zero: The rise of the Green Collar workforce in a just transition,” presents a detailed look at the impacts of decarbonization, with a particular focus on the workforce., ” Click here to access the Deloitte report.
Investors increasingly recognize the urgency of climate change and have allocated a growing amount of capital to sustainability efforts, with $500 billion dedicated to decarbonization in 2020 – double the amount invested in 2010. At Blackstone, we’ve structured our carbon accounting program as an integral part of active decarbonization.
Semiconductors are the foundation of technology advancements that are transforming the globaleconomy and can improve peoples’ lives in so many ways. By setting a 1.5°C-aligned
Significant investments are required to develop clean extraction processes, such as green hydrogen, which uses a renewable energy-powered electrolysis process to extract hydrogen from water. This creates the right support for the new and critical hydrogen policy frameworks in our key geographies.”.
Peter Cashion, CalPERS’ Managing Investment Director for Sustainable Investing, said: “These investments, which we believe can be made across an array of asset classes, will be designed to generate excess returns and boost our earnings in service to the mission of meeting our members’ retirement dreams.”
Ryan Levinson, Director of the Mirova Gigaton Fund, Head of Emerging Market Energy Transition said: “Today, more than 770 million people lack energy access in the world4 – mostly in Africa and developing Asia – regions with populations that are also the most vulnerable to the global climate crisis.
A lack of infrastructure and inadequate funding have been identified as the biggest barriers to using green hydrogen as an enabler of the energy transition and the decarbonization of the globaleconomy. We are currently working on several projects, notably to decarbonize the grey hydrogen used in our European refineries by 2030.
Canada’s Environment and Climate Change Minister Steven Guilbeault said: “By eliminating inefficient fossil fuel subsidies, we are encouraging smart and efficient government investment decisions that can increase Canada’s competitiveness in a decarbonizingglobaleconomy, while avoiding creation of stranded assets.
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