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Why IKEA is investing in sustainable mobility. For the company known for its delicious meatballs and DIY shelves, the investment isn't actually that surprising. For the company known for its delicious meatballs and DIY shelves, the investment isn't actually that surprising. Holly Secon. Tue, 11/03/2020 - 00:30.
Office furniture giant Steelcase has set its sights on becoming a 'carbonnegative' organisation within the next decade, yesterday unveiling plans to ramp up its use of renewable energy, slash carbon emissions, and finance carbon offset efforts that deliver "external emissions reductions with social benefits".
The Transform to Net Zero initiative launched Tuesday will see members of the coalition — which also include Danish shipping giant Maersk, Indian information technology company Wipro and Brazilian beauty company Natura & Co — collaborate on research, guidance and roadmaps to help businesses slash their carbon emissions in line with a 1.5
trillion opportunity by 2030. . trillion opportunity by 2030. Sourcing algae from sustainable seaweed farmers that capture carbon as they grow their crop, Loliware is working to manufacture a variety of bio-based polymers. But these materials do more than strike awe and inspiration. Producing just 2.69
That's the hope of several early movers in circular economy investing, who shared their insights at the GreenBiz 21 virtual event in early February. . If we're going to make sure that we're using more recycled content, if we're going to ensure that we're going to reduce carbon emissions, then we need to be tracking that.
Carbon marketplace hawks credits in businesses that store CO2 with their products. As corporate interest in carbon removal options grows, Puro.earth , a startup from Finland, is offering a twist on carbon marketplaces. Gloria Oladipo. Mon, 08/31/2020 - 05:00.
He has rightly earned praise for speaking up on climate, investment and economic transition. His letter is money-weighted opinion, colossal in institutional investment and business circles (if not quite God-like ). The Science Based Targets initiative makes clear that greenhouse gas (GHG) pollution must halve by 2030.
Drawing upon findings recently published by the Intergovernmental Panel on Climate Change’s (IPCC) Sixth Assessment Report (AR6), the report from the Climate Crisis Advisory Group (CCAG) argues that current global emissions targets are inadequate and that net negative – rather than net zero – strategies are required.
These facilities promise faster deployment times and a significantly lower carbon footprint compared to conventional setups connected to strained energy grids. While these operations are not yet completely carbon-free, the benefits are clear. The company has hinted at utilizing green hydrogen in the future.
Apple committed on Tuesday to becoming carbon-neutral by 2030, pushing its ambitions far beyond its own corporate walls — already 100 percent powered by renewables — to include its vast supply chain and the lifecycle of all its products. Apple will increasingly rely on carbon-removal programs. technology giants.
In January 2020, Brad Smith, the President of Microsoft, announced that the company had set a target of becoming carbonnegative by 2030. What does going carbonnegative actually entail? The fund invests in various climate technologies as a part of the company’s overall climate efforts.
I’d argued that regenerative grazing could cut emissions from beef production , helping reduce the outsized contribution cattle make to food’s carbon footprint. These and other emissions-reduction projects are part of Cargill’s goal to cut emissions from every pound of beef in its supply chain by 30 percent by 2030.
trillion invested by these 50 countries to date, only $1.9 trillion has been invested in long-term recovery measures intended to spur economic activity, it notes. billion on hydrogen, the latter boosted substantially by major investment programs by France and Germany. billion has been spent on low-carbon transport, $28.9
Apple has become the latest US tech behemoth to step up its net zero ambitions, today pledging to be 'carbon neutral' throughout its entire business, manufacturing supply chain and product life cycle by the end of the decade. With our commitment to carbon neutrality, we hope to be a ripple in the pond that creates a much larger change.".
In January 2020, Brad Smith, the President of Microsoft, announced that the company had set a target of becoming carbonnegative by 2030. What does going carbonnegative actually entail? The fund invests in various climate technologies as a part of the company’s overall climate efforts.
Microsoft is pumping a lot of its resources into AI offerings for its customers , investing more than $13 billion in OpenAI. That’s a problem if Microsoft is serious about its commitment to achieving carbonnegativity by the end of the decade. It could cost roughly $11.5
Greenpeace, Friends of the Earth, and Global Witness have all raised concerns about the creeping reliance on unproven carbon removal methods in companies' decarbonisation strategies, but some scientists maintain carbon capture is essential if net zero goals are to be met.
Company is going all-electric and funding a new Yale center for applied research focused on carbon-negative technologies. announced this week that it wants to achieve carbon-neutral operations globally by 2040. Key steps toward reaching the FedEx carbon neutral goal include: Vehicle Electrification. FedEx Corp.
We’re now almost halfway between 2015 (when the Paris Agreement was signed) and 2030 – a key milestone for making sure we’re on track to meet these vital net-zero targets. This includes the emissions produced from within businesses’ own supply chains; by customers, investments, and even by employees commuting to their workplace.
Carbon Positive- Business as Usual. Though we are beginning to see a shift towards greener business practices and sweeping sustainability commitments, companies are almost all still carbon positive, meaning they produce emissions greater than zero. C, global emissions must be reduced by 45% by 2030 and reach net zero by 2050.
This equity round also represents the first grant awarded by the Canada Growth Fund, a $15 billion federal program that supports low-carbon initiatives. This significant investment will enable Eavor to accelerate the development and deployment of its revolutionary geothermal technology – the Eavor-Loop.
government’s official climate change advisory body is calling for fast-tracking investment in early-stage hydrogen infrastructure, as well as prioritizing carbon capture and storage and EV charging infrastructure, as immediate responses to the coronavirus outbreak. The steps that the U.K. billion) a year.
UK energy-from-waste (Efw) operator enfinium has launched the UK’s first carbon capture pilot at an EfW site, the group announced on 16 September. The launch is described as a milestone for the sector and for the group’s plans to deploy Carbon Capture and Storage (CCS) technology across its UK facilities to generate carbon removals at scale.
Nelnet Renewable Energy Services has committed $3 million in capital to the fund and will serve as the fund manager over the duration of the investment. In time, the goal is for its blockchain to become carbonnegative. Among the main of these is Filecoin, a cryptocurrency-powered decentralised cloud storage network.
Tech giant Microsoft has this week formally joined the European Corporate Leaders Group (CLG Europe), building on its recent commitment to become a net negative emission company. The company also pledged to invest $1bn to support the creation of carbon reduction and removal technologies through the CarbonInvestment Fund.
Mark Wishnie from BTG Pactual Timberland Investment Group and Landscape Capital. Nature-based solutions can cost-effectively provide roughly a third of the climate action needed by 2030 and, unlike other carbon removal technologies, are available and proven now. Institutional investors also have an important role to play.
Detailed and joined-up policies, behaviour change, 'whole system' infrastructure investment, and holistic energy market reform are all critical to achieving net zero emissions, report warns. Both of these scenarios would meet the UK's Sixth Carbon Budget. It calculates that even under the slowest decarbonisation scenario, between 4.7
Project is one of a number of key investments at the site that aim to push down low carbon energy costs, as it looks to advance deployment of 'carbonnegative' technologies. As a result the site has cut carbon emissions by more than 90 per cent since 2012, making it one of the lowest carbon energy generators in Europe.
Deploying carbon capture technologies at Drax's biomass power plant in North Yorkshire could save the UK energy system more than £4.5bn in decarbonisation costs over the coming decade, a new report commissioned by the energy firm today claims.
Soletair Power (Finland) has developed a seemingly unique solution for extracting carbon dioxide (CO2) from building ventilation systems to help achieve carbon net zero and even carbonnegative building projects. Are carbon-negative buildings possible? The Power-to-X unit being demonstrated.
Net zero is going to have to become net negative. That is according to some of the world's leading climate experts, who have today raised the alarm that governments must quickly move beyond net zero and establish net negative strategies if they want to cap global temperature increases at 1.5C by the end of the century.
Current levels of investment in negative emissions technology fall far short of levels required to cap temperature rise in line with Paris goals, new coalition warns. We need action to help increase investment in proven technologies to get the scale, time and support needed for further innovation," she said.
After a year-long planning process, Energy Security and Net Zero Secretary Claire Coutinho on Wednesday gave the green light to Drax’s carbon capture (CCS) proposal for two of its large biomass units. This announcement was combined with a call for the right “investment framework”.
EY confirms it is aiming to reach net zero emissions by 2025, as KPMG unveils target to do the same by 2030. EY confirmed on Monday it aims to become 'carbonnegative' this year by significantly reducing its absolute emissions and removing and offsetting more carbon that it emits.
Tech giant also touts further carbon removal efforts, $50m innovation investment, an expanded carbon tax, and a new 'sustainability calculator' for customers. In addition, the firm announced it was investing $50m investment in Energy Impact Partners, a US venture capital firm that specialises in decarbonisation technologies.
utilities in setting a net-zero carbon target for 2050, aiming to balance the emissions from its sizable fossil fuel-fired generation fleet and sprawling natural gas business with reductions to be gained by expanding its portfolio of renewable energy and energy efficiency. Counting on 'negativecarbon' solutions.
The City of Seoul in South Korea has created a “Comprehensive Plan for Promotion and Activation of Geothermal Energy” that aims to grow its current installed geothermal heating and cooling capacity of 278 MWth to 1 GW by 2030. of the city’s renewable energy mix.
While the political will appears well-aligned on meeting those massive renewables targets, the same can not be said unequivocally of energy storage and other flexibility investments, such as interconnectors. In 2014, EMEA, dominated by Europe, represented 44 percent of global energy storage deployment.
Influential think tank warns that post-pandemic oil and gas companies have invested billions in projects that would push warming beyond 2.5C. A further $45bn of investment was deemed to be incompatible with a 1.7C above pre-industrial levels. warming scenario, which would be delivered if countries' honour current climate pledges. "Oil
A final investment decision on phase one could be made next year. The renewable hydrogen would be combined with captured carbon from emission sources around Copenhagen to create hydrocarbon fuels — specifically, methanol for shipping and e-kerosene as a jet fuel replacement. The third and final stage would use 1.3
Asset manager said it aims to deliver long-term returns, net zero carbon emissions, and improved ESG outcomes through new investment vehicle. temperature alignment by 2030 and net zero emissions by 2050, whilst driving "long-term financial gains over a broadly diversified global credit universe".
New 20-year partnership with WWF aims to help roof window specialist offset 100 years of carbon emissions through global reforestation and afforestation projects. million tonnes of carbon dioxide - by investing in forest and biodiversity projects developed for Velux by WWF. Embracing a commitment aligned with a 1.5C
Tech giant teams up with Goldman Sachs and Conservation International in a move designed to scale up wider investment in forestry restoration worldwide. Nature provides some of the best tools to remove carbon from the atmosphere.
The UK firm yesterday announced new investments from GIC, Mitsui and Macquarie. The new funding - the precise amount of which was not disclosed - will support the development of Storegga's Acorn Carbon Capture and Storage (CCS) and Hydrogen Project at St. Fergus, north-east Scotland, the British firm said.
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