article thumbnail

FedEx pledges to be carbon neutral by 2040

GreenBiz

FedEx pledges to be carbon neutral by 2040. Global logistics giant FedEx on Wednesday announced a goal to be carbon neutral by 2040. The plan includes a $2 billion investment across electric vehicles, clean energy for operations and a new academic center with Yale focused on capturing carbon. Katie Fehrenbacher. Supply Chain.

article thumbnail

Storage a ‘key element’ for new 2040 renewable energy targets, leaked EU draft says

Energy Storage News

The European Commission is targeting 90% renewable electricity by 2040 in the EU and sees energy storage as one of several key areas of investment to get there, according to a leaked draft.

Energy 348
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Big business urges EU to adopt target to cut emissions 'at least 90 percent' by 2040

GreenBiz

Salesforce, Coca Cola, and Unilever are among the firms advocating for a stretching climate target to give businesses confidence to invest in the net-zero transition.

article thumbnail

Sustainable infrastructure investments can aid the post-COVID recovery

GreenBiz

Sustainable infrastructure investments can aid the post-COVID recovery. Many are considering a tried-and-true method to boost economies in the short term and provide wide societal benefits in the long term: infrastructure investment. trillion from investing in infrastructure that prioritizes future-focused resiliency.

article thumbnail

UK aviation sets sights on net zero by 2040

Envirotec Magazine

A new “Jet Zero Strategy” seemingly commits UK domestic aviation to achieving net zero emissions by 2040, and for all airports in England to be zero-emission by the same year. By becoming market makers, the UK could unleash investment in first-of-a-kind projects, stimulate economic growth and deliver on the 10% SAF mandate by 2030.

Aviation 244
article thumbnail

Amazon aims to clean up aviation

GreenBiz

Amazon Vice President of Worldwide Sustainability Kara Hurst released a statement about the investment: Amazon created The Climate Pledge Fund to support the development of technologies and services that will enable Amazon and other companies to reach the goals of the Paris Agreement 10 years early — achieving net-zero carbon by 2040.

Aviation 492
article thumbnail

DOE: US energy storage pipeline up 300% since Inflation Reduction Act passed

Energy Storage News

There is a four-fold difference between how much energy storage the US Department of Energy (DOE) forecasted would be deployed by 2040 before the Inflation Reduction Act (IRA), and how much it now forecasts.

Energy 331