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BP, Shell, oil giants fund research into mobile carbon capture from ships at sea

GreenBiz

BP, Shell, oil giants fund research into mobile carbon capture from ships at sea. Expanding carbon capture to long-distance marine shipping could help accelerate its use, while addressing a difficult to abate sector of the transport industry.". The global shipping sector is responsible for around 2.5

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Amazon aims to clean up aviation

GreenBiz

More specifically, Amazon's air shipping business, which along with its entire global logistics supply chain juggernaut is booming. . Infinium, spun out of another company called Greyrock Energy , says because the biofuel (dubbed an "electrofuel") is made with clean energy and CO2, it's a "net-zero carbon" fuel. Enter air cargo.

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A new Swedish iron processing project could disrupt the global steel industry

GreenBiz

Looking forward, with customers, investors and policymakers increasing pressure to adhere to the Paris Agreement, reducing greenhouse gas emissions is a critical element of maintaining competitiveness. Indeed, in these locations zero-carbon steel can be competitive with blast furnaces completely without subsidies.

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JPMorgan Raises Targets to Reduce Financed Emissions to Align with Net Zero by 2050

ESG Today

The new targets form part of the company’s commitment, announced in October 2020 , to align its financing activities with the goals of Paris Agreement, and to help clients navigate the challenges and capitalize on the long-term economic and environmental benefits of transitioning to a low-carbon world.

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UN report: Ocean-based climate action could deliver a fifth of emissions cuts needed to limit temperature rise to 1.5°C

Envirotec Magazine

Decarbonising domestic and international shipping and transport – which could cut up to 1.8 Increasing the protection and restoration of “blue carbon” ecosystems – mangroves, seagrasses and salt marshes – could prevent approximately 1 gigatonne of CO2e from entering the atmosphere by 2050. GtCO2e each year by 2050.

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Getting to Net-Zero for Hard-to-Abate Sectors

Strategic Sustainability Consulting

From the super-heated factories needed to make steel and cement to the dirty fuel powering container ships and airplanes, these industries are known as Hard-to-Abate sectors. Many countries’ national strategies to meet the Paris Agreement on emissions reduction do not address hard-to-abate sectors. of global GDP by mid-century.

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A Message From Paul Marushka, CEO

Sphera

On the other hand, it’s encouraging to see that 217 companies at this writing have already signed on to the Climate Pledge to become net zero carbon organizations by 2040—which is 10 years earlier than the goal agreed upon in the Paris Agreement. The ships, the trucks, the warehouses.”.