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Manufacturing is going electric, too, as companies ratchet up their net-zero-carbon goals. 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. Surge protection.
The maritime sector plays a major role in the globaleconomy, transporting a high volume of freight around the world. percent of global greenhouse gas emissions 1 and moves freight with some of the lowest carbon emissions per tonne.kilometre (t.km) 2 of any transport sector. SOURCE: WSP. DESCRIPTION: By James Peet.
With ESG gaining more attention and more companies committing to reaching net-zero emissions in the coming decades or otherwise pledging to do better by people and the planet, it’s inevitable that the next generation of professionals in the field will define the future of sustainable finance. Deonna Anderson. Mon, 05/10/2021 - 01:30.
This strategic appointment aligns with DP World’s global commitment to driving sustainable change and innovation throughout the logistics and supply chain industry. Last year, the company announced its global objective of achieving 100% carbon neutrality by 2040 and net-zerocarbon status by 2050.
Lenovo is committed to achieving Net-Zero emissions by 2050 and our sustainability efforts start with our own manufacturing and supply chain. Manager, GSC Global Manufacturing at Lenovo, explains: “To help measure our progress toward Net-Zero, our goal is to reduce Scope 1 and Scope 2 greenhouse gas [GHG] emissions by 50% by 2030.
A Strategy Rooted in Decarbonization Emphasizing DP World's broader sustainability strategy, these cranes are fully powered by electricity, aligning with the company's global objective of achieving 100% carbon neutrality by 2040 and net-zerocarbon status by 2050.
Carbon offset markets have always been complex and controversial instruments to fight climate change. In particular, we need to reduce 23 Gigatonnes by 2030 from the current 41 Gt emitted per year and achieve net-zero by 2050. Besides, Removals projects, which sequester carbon like reforestation or Direct Air Capture.
Businesses and financial institutions have a vital role to play in delivering a nature-positive and net-zeroeconomy.” Global Commons Alliance Accountability Accelerator Executive Director. trillion per year from the globaleconomy by 2030. Matic, Ph.D.,
When you compare those costs (and the long-term savings they will yield in the form of a more efficient globaleconomy) against the costs of inaction, they show a clear choice. According to the Swiss Re insurance company, inaction on climate change would yield a contraction in our globaleconomy in 2050 by 11-14%.
Despite net-zero pledges, banks used $750 billion to finance fossil fuels in 2020. Net-zero commitments may have ricocheted across banking sector over the last 18 months, but big banks' attestations of climate concern did not stop many from expanding financing for the world's top fossil fuel firms during the pandemic year.
percent of the globaleconomy is circular. A significant part of our carbon footprint comes from the supply chain, including the whole value chain from raw material extraction to customer sites. This is where the concept of circular economy enters the stage. SOURCE: Ericsson. Currently, only 8.6
Nearly half the globaleconomy is aiming to be net-zero by 2050. The 250 kWh energy storage system we deployed for the Catholic University of Lille , France, is helping it become a zerocarbon campus that can use solar power even when the sun isn’t shining.
UK asset owner now 10 years ahead of netzero target; switches climate engagement focus to auto sector. The Church of England Pensions Board (CEPB) has cut the carbon intensity of its £3.7 On the road to netzero. Over the course of 2021, the pension fund reduced the carbon intensity of its portfolio from 93.6
In the race to achieve netzerocarbon emissions by 2050, many companies are jeopardising success by leaving workers and communities behind. The decarbonisation of our globaleconomy is most likely to succeed in the short timeframe required if those most affected by the transition are brought on the journey.
In the best-case scenario, full implementation of unconditional NDCs and additional net-zero emissions commitments point to only a 1.8°C However, this scenario is not currently credible based on the discrepancy between current emissions, short-term NDC targets and long-term net-zero targets. C increase, so there is hope.
The cost of climate change is rising at an alarming pace, with ripple effects being felt across communities and the globaleconomy. Many countries across Asia also lack access to sufficient financing to fully develop low or zero-carbon infrastructure. It is simply sound economics and smart risk management.
Amongst a series of insights, the report finds, “achieving netzero CO2 and GHG emissions requires systems transformations across all sectors and contexts, including scaling up renewable energy while phasing out all unabated fossil fuels, ending deforestation, reducing non-CO2 emissions and implementing both supply- and demand-side measures.”
Highlights from the climate summit There was plenty of good news worth highlighting: Global methane pledge: The U.S. and EU announced that more than 100 countries representing 70% of the globaleconomy have signed on to participate in the Global Methane Pledge , working together to cut human-caused global methane emissions 30% by 2030.
Invesco has launched its Invesco Environmental Climate Opportunities (ECO) Bond Fund , which offers UK investors income and growth while supporting the transition to a low-carbonglobaleconomy.
The globaleconomy, as it stands today, is clearly not yet geared towards sustainable development and the main global benchmarks reflect this. The United Nations estimates that getting to netzerocarbon emissions will require investments of US$32 trillion in the next 10 years. Creating confusion.
Sultan Ahmed bin Sulayem, Group Chairman and CEO, DP World said: "DP World is committed to leading the supply chain industry towards a more sustainable and efficient future, and ultimately achieving netzero emissions by 2050.
The actions being taken by signatories to WorldGBC’s NetZeroCarbon Buildings Commitment to tackle whole life carbon are critical because they are driving emissions reductions now and in the future. The report tracks developments across sectors covering 90% of global emissions in 2015-2021. ANALYSIS: .
She passed a ZeroCarbon Bill during her first term that mandates net-zero emissions by 2050 and campaigned on tougher action this term. . It aims to reach net-zero for its own operations and supply chain by 2030.) percent of its GDP. Skeptics have criticized its commitment for not going far enough. .
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