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"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. Also about one year ago, Nestlé launched its $2 billion sustainability fund , to support companies developing innovative packaging and recycling technologies through 2025.
Many celebrated with their CSOs on meeting ambitious corporate targets for 2020, while setting audacious new goals for 2025, 2030 and 2050. The company, an early partner with the Ellen MacArthur Foundation, has positioned water and carbon emissions as equally critical in the climate crisis. LinkedIn | Personal website.
Let’s begin with a few headlines: Southern Company commits to net-zero emissions by 2050. services sector posted its biggest contraction in more than a decade and the price of oil turned negative for the first time in history. Campbell Soup to transition to 100% recyclable or compostable packaging by 2030. When the U.S.
The nuances of all the various adjectives and descriptors that are used to describe climate action — from "science-based" to "net zero" to "carbonnegative" — are enough to make heads spin, especially for those who spend their professional lives worrying about how to communicate these concepts. Offsetting versus insetting.
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 Carbon Investment Fund.
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. ’s final energy demand by 2050. The steps that the U.K.
We have to act much, much faster and go further in reducing the carbon footprint. New strategies will have to be created to align the company goals with the most basic climate-related requirements, such as setting targets to reduce carbon emissions. Success could help make the basin carbon-negative.”
Negative emissions technologies are critical for the earth’s climate and hitting net zero in the UK, argues Drax CEO Will Gardiner. In the first months of the crisis alone, China reported a 25 per cent reduction in carbon dioxide emissions. Going net negative. This year has been unlike any in recent memory.
New European Commission President Ursula von der Leyen unveiled Europe's Green Deal on Wednesday, a package of 50 far-reaching policy ideas that are still missing many key details, calling it a "man on the moon moment" for Europe. Effective carbon pricing and climate compatible taxes are also in the works.
A growing number of oil companies in the past year have announced targets to achieve “net-zero emissions” by mid-century, seemingly signaling a monumental shift in the history of the oil business towards low-carbon solutions. Slowing down the low-carbon transition is profitable for the boards of these Carbon Majors,” the authors wrote.
A growing number of oil companies in the past year have announced targets to achieve “net-zero emissions” by mid-century, seemingly signaling a monumental shift in the history of the oil business towards low-carbon solutions. Slowing down the low-carbon transition is profitable for the boards of these Carbon Majors,” the authors wrote.
The good news is that new technologies and methods have come about making it possible for the manufacturing industry to reduce its environmental footprint through energy conservation , alternative packaging, and smarter storage and organization (amongst other solutions). billion annually by 2050. What is sustainable manufacturing?
The leader of Cold Lake First Nations has revealed the initiator of a major carbon capture project in Northern Alberta has not consulted with local Indigenous communities. They’re ramming it down our throats,” said Chief Jacko during a media scrum outside a Carbon Capture Canada conference held on Tuesday.
As MEPs enter talks over EU Council's €1.8tr recovery package and budget deal, many key green questions remain. Indeed, the European Green Deal programme aimed at transitioning Europe to become the world's first climate neutral continent by 2050 has been a major driving force behind the pandemic recovery and budget agreement.
On July 14, the European Union (EU) announced a sweeping package of climate proposals that will help the continent cut greenhouse gas emissions by 55 percent by 2030, from a 1990 baseline. A whopping 92 percent of those groups supported a net-zero emissions target for 2050, with very little opposition.
A recent report from the Centre for Research into Energy Demand Solutions (CREDS) calls for the government to introduce a strategic policy approach to deliver rapid and widespread industrial decarbonisation, while guarding against the risk of carbon leakage.
Proposed Climate and Ecological Emergency Bill would see international aviation, shipping, and consumption fall within the UK's 2050 net zero target, while putting climate assemblies on a formal standing. Based on the Paris Agreement goal to limit global warming to 1.5C Based on the Paris Agreement goal to limit global warming to 1.5C
There were a number of Key Actions discussed, but the most important, in my opinion, was that of Education in respect of peat free compost, but perhaps more importantly awareness on peatlands negative and positive contribution to the carbon emergency we face. We rarely think about improving the carbon capture of peatlands.
The government confirmed £77m of new funding is to be made available to support the development of next generation nuclear reactors, alongside £25m for projects to produce hydrogen using sustainable biomass and waste that could deliver negativecarbon emissions.
Last year, the UK was the first country in the world to pass legislation to become a net zero emissions economy by 2050. First, it must understand the labour market impacts of decommissioning fossil fuel power plants and reskilling workers to build and manage the new low-carbon economy. This commitment was ambitious at conception.
Government confirms £30m of new investment in a range of projects designed to enhance natural carbon sinks. Alongside the NetZeroPlus project the government and the UK Research and Innovation agency today announced new funding for projects exploring how to use peat, rock chips, and charcoal to expand natural carbon sinks.
Ultracapacitors complement batteries in the grid-scale use of renewable energy, and by supporting locally farmed hemp, the startup says it’s both sequestering carbon in hemp and “sequestering wealth” in the farmers’ communities. gigatons of carbon by 2050 (through supporting the use of renewables) and can sequester 2.2
Smiling into the camera, she tells viewers that “the world needs ways to reduce carbon emissions.” Speakers from diverse backgrounds then reassure viewers that, luckily, they’re working on solutions to that very problem, “like carbon capture , and clean energy from hydrogen.”
Aviation biofuels specialist Velocys and petrochemicals giant INEOS have become the latest firms to join the Zero Carbon Humber project, which is aiming to create the "world's first" net zero industrial cluster.
That is the top line conclusion of a new report published this morning by the Transition Pathway Initiative (TPI), which analyses nearly 170 companies working in carbon-intensive industrial sectors, including mining giant Rio Tinto, packaging company DS Smith, chemicals powerhouse BASF, cement manufacturer LaFarge Holcim, and steel major Tata Steel.
Without a clear and ambitious government plan zero carbon home heating by 2050 remains a pipe dream, a new analysis from the UK Energy Research Centre warns. But the use of natural gas in homes needs to be nearly completely phased out in order to reach the country's statutory 2050 net zero emissions target.
Meanwhile, in a further blow to the UK green economy, reports have emerged over the past week that Britain's only large-scale battery manufacturing plant is in emergency funding talks for a £200m rescue package to help get it through the winter.
Just Transition Jobs Tracker details how around one in five UK jobs are likely to be affected either positively or negatively by the net zero transition, further cranking up pressure on government to deliver coherent transition plan. It found that approximately 6.3
The Cameron-era decisions to block onshore wind development, slash energy efficiency funding, delay green building standards, and shelve carbon capture and storage (CCS) plans undermined UK energy security and slowed the clean energy transition. But these failures hampered emission reduction efforts rather than actively drove up emissions.
In recent months, we have seen game changing commitments from companies such as Microsoft to go carbonnegative by 2030 and BP announcing a move away from fossil fuel extraction to grow their investments in renewables tenfold. Sustainability and regeneration have never been so high on the business agenda.
Meanwhile, public polling suggests bailing out high carbon companies without attaching carbon reduction targets would be an unpopular move. Encouragingly, word from the EU Commission suggests it remains steadfast in its 2050 net zero ambitions and that combatting climate change should feature strongly in economic recovery packages.
The nuances of all the various adjectives and descriptors that are used to describe climate action - from "science-based" to "net zero" to "carbonnegative" - are enough to make heads spin, especially for those who spend their professional lives worrying about how to communicate these concepts. Offsetting versus insetting.
Oil and gas industry's bets on petrochemicals growth look increasingly dicey as world turns away from plastics, Carbon Tracker warns. BP, Shell, and Total have all written off billions of dollars of value from their oil and gas assets in 2020, and have over the past year set their sights on becoming net zero emission companies by 2050.
Ahead of the Prime Minister's promised new green recovery package, a new report from the business advocacy group outlines a raft of near-term policy interventions that could put the UK on track to reaching net zero emissions. The gap between the government's net zero rhetoric and its policy agenda remains.
Virtually all of the world’s largest companies now issue a sustainability report and set goals; more than 2,000 companies have set a science-based carbon target; and about one-third of Europe’s largest public companies have pledged to reach net zero by 2050. Maersk even advocated for a $150 per ton carbon tax on shipping fuel.
Other recommendations include urgently delivering clear strategies to deliver new carbon capture and storage (CCS) and hydrogen projects, setting clear and ambitious targets in the delayed Environment Bill, laying the groundwork for domestic EV battery manufacturing at scale, and aligning the UK's net zero and nature agendas.
Oil and gas industry's bets on petrochemicals growth look increasingly dicey as world turns away from plastics, Carbon Tracker warns. BP, Shell, and Total have all written off billions of dollars of value from their oil and gas assets in 2020, and have over the past year set their sights on becoming net zero emission companies by 2050.
C when places reminiscent of Mordor continuously pump carbon into the atmosphere. Good-faith efforts to reuse carbon, heat and steam are underway with a target to reduce the Port’s emissions to 50% of 1990 levels by 2025. Those that can create artificial sinks with technological carbon capture, utilization, and storage.
In order to do this we must not fall back into the trap of our pre-Covid world by continuing to reinforce carbon-intensive structures. To begin with, our post Covid-19 recovery plans must avoid unconditionally propping up and bailing out carbon-heavy industries. First, we need a global price on carbon. It has to be green.
In April last year, oil prices dipped briefly into negative territory and scores of oil majors, including global players such as ExxonMobil, Shell, and BP, have announced thousands of job cuts and written down the value of their assets by billions of dollars. carbon budget for 2100 as soon as the early 2030s.
That was the stark message of the Climate Change Committee in its sixth carbon budget. The 10 Point Plan, the national infrastructure strategy, the climate change committee's sixth carbon budget and the Treasury's interim report on its Net Zero Review. or 2C relies on some degree of carbon capture.
That is the upbeat conclusion of a major new report today, which argues that while the chemicals industry currently lags behind many other sectors of the economy in terms of climate action, it has the potential to reinvent itself as a critical climate solution and even become carbonnegative by 2040.
Plastic pollution increasingly contributes to the climate and biodiversity crisis, so the cost of inaction increases basically year by year due to negative health, social and also economic impacts," he added. the optimal goal, which necessitates deep emissions cuts in the 2020s and net zero by 2050. "I
Public awareness of low-carbon heating systems is very limited, and promotion of the BUS has been wholly inadequate to stimulate demand," Parminter argues. "62 In order to cut bills, carbon emissions and eradicate fuel poverty, we need a vaccine-style roll out of heat pumps and insulation not this dismal trickle."
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