Tag: Net Zero
As part of Nestlé’s 2050 net zero roadmap and its work to spark regenerative agriculture, the company tests many new, innovative ideas. Those that prove effective and scalable are rolled...
Apple® announced its first-ever carbon neutral products in the all-new Apple Watch® lineup. Innovations in design and clean energy have driven dramatic reductions in product emissions of over 75 percent...
Cemvita designs synthetic microbes that have the potential to convert CO2 into sustainable aviation fuel (SAF) Cemvita Corporation announced an offtake arrangement with United Airlines for up to 1 billion gallons of...
Edelweiss Alternatives, part of Edelweiss group, said it has launched its maiden climate fund, which will invest in different ventures related to cleaner climate. The fund will have a corpus...
E-commerce giant Amazon.com (AMZN.O) has revealed its first investment in direct air capture (DAC) technology, announcing its commitment to acquiring “250,000 tons of removal credits over 10 years,” as per...
A.P. Moller-Maersk, the world’s largest container shipping company, has issued a $750 million green bond to finance its decarbonization efforts. The bond, which matures in 10 years, will yield 1.65...
Ken Murphy, CEO of Tesco, the UK’s largest retailer, has called upon political parties to uphold their net-zero commitments in preparation for the anticipated 2024 general election. Speaking at the...
Microsoft’s purchase unlocks key project financing mechanism to dramatically scale and reduce the cost of Heirloom’s Direct Air Capture facilities Microsoft has signed a multi-year deal to purchase up to...
Allianz is publishing its first comprehensive net-zero transition plan, which substantiates the company’s long-term strategic climate commitment to achieve net-zero emissions by 2050 in its proprietary investment and P&C underwriting...
Maersk ECO Delivery reduces global greenhouse gas (GHG) emissions footprints through certified low emission fuel for ocean shipping as an alternative to fossil fuels A.P. Moller – Maersk and Amazon...
Decarbonization Partners, a partnership between BlackRock and Temasek focused on investing in next-generation private companies that support the acceleration of decarbonization and the transition to a net-zero economy, has co-led...
Singapore is planning to expand a pilot project that uses electricity to extract CO2 from seawater, in a bid to boost the ocean’s capacity to absorb carbon dioxide emissions. The...
The LEGO Group today pledged to achieve net-zero greenhouse gas (GHG) emissions by 2050 as part of its continued efforts to reduce environmental impact. The company has submitted its intention...
Mercedes-Benz opens its first high-power charging stations this fall, implementing its far-reaching plans to expand its global charging infrastructure. Starting in October, the first Mercedes-Benz Charging Hubs will go into...
Sustainable aviation fuel (SAF) is the most promising lever known today to accelerate progress toward a net zero future. Delta Airlines: “Becoming a more sustainable airline on our journey to...
Securitization style warehouse facility will expand deployment of Redaptive’s metering, energy saving, and energy generating projects Redaptive, Inc., the Energy-as-a-Service (EaaS) leader, has announced it secured $125 million in financing from Deutsche...
Shining some sunlight on what it takes to power Google workplaces in New York, the Bay Area and parts of Europe with carbon-free electricity. Earlier this year, Google’s New York...
Within a year of deploying the first set of electric vehicles (EVs)in India, Maersk is all set to strengthen its EV fleet to over 500 vehicles in 26 cities covering...
Greenhouse gas emissions in the European Union fell by nearly 3% in the first quarter of 2023, even as the bloc’s economy grew slightly, statistics agency Eurostat said. The EU’s emissions...
Tech company joins Amex GBT and Shell Aviation program powered by Avelia, one of the world’s first blockchain, book-and-claim platforms for SAF American Express Global Business Travel (Amex GBT), the world’s leading...
Take a look at how Google is reducing emissions and helping people make more sustainable choices. Google has shared their 2023 Environmental Report outlining how they are empowering individuals to take...
The World Economic Forum announced during the G20 Energy Ministers’ meeting the launch of India’s first zero-emission road freight cluster initiative in an effort to reduce the country’s greenhouse gas...
Two new pieces of research show that solar and wind are growing faster than expected: Rapid growth in solar, wind and battery deployment means that by 2030 the global electricity...
Transformational plan projects $2.5 billion in reduced future costs to customers while building enough Michigan-made renewables to power ~4 million homes DTE Energy announced a historic settlement agreement with nearly two...
Member States of the International Maritime Organization (IMO), meeting at the Marine Environment Protection Committee (MEPC 80), have adopted the 2023 IMO Strategy on Reduction of GHG Emissions from Ships,...
Portugal has more than doubled its 2030 goals for installed capacity of solar energy and electrolysers to produce green hydrogen, as it aims to decommission natural gas-fired power plants by...
United Nations Secretary-General Antonio Guterres on Monday called for agreement to reach net zero greenhouse gas emissions by 2050 at crunch shipping talks in London this week and urged decarbonisation...
Germany and South Africa on Tuesday agreed to cooperate on green hydrogen projects in the latest bid by Europe to tap into Africa’s huge renewable resource potential to meet 2050...
The European Commission has approved a €1.1 billion Hungarian scheme to support electricity storage facilities to foster the transition to a net-zero economy. The scheme was approved under the State...
As the aviation industry prepares to gather for the Paris Air Show, a global survey of 325 aviation decision makers in six countries shows alignment on and investment in sustainability...
Shell plc will update investors on its strategy to create more value with less emissions, and deliver increased shareholder returns through a balanced energy transition. “We are investing to provide...
Ørsted and Vestas, global leaders in renewable energy, are announcing a commercial sustainability partnership. Ørsted will procure low-carbon steel wind turbine towers and blades made from recycled materials from Vestas...
As dozens of ministers and CEOs from around the world gather in France for IEA Global Conference on Energy Efficiency, new analysis sets out what’s needed to meet energy and...
DHL and Formula 1 are taking sustainable logistics to new heights within their partnership for the last years with a new initiative this season. DHL is introducing its first truck...
The Clean Fuels & Products Shot Will Reduce Emissions and Develop Cost-Effective Fuels and Products for Aviation, Marine, and Other Hard-to-Decarbonize Sector The U.S. Department of Energy (DOE) announced the launch...
In support of commercial aviation’s path toward net zero carbon emissions, Boeing released the Boeing Cascade Climate Impact Model for public use. Cascade, a data modeling tool that identifies the...
A startup has begun a unique experiment in the Port of Los Angeles to electrochemically treat seawater and safely store carbon. The Port of Los Angeles is home to a new,...
The number of global public companies making climate commitments has steadily grown this year, but these targets vary significantly in their comprehensiveness and ambition, according to the latest MSCI Net-Zero...
Indonesia plans to launch a carbon exchange in the second half of this year, its financial regulator said on Friday, as part of efforts to boost renewable energy use and...
America’s Snack Leader Shares Advancements Towards Its PepsiCo Positive Goals While Advancing its Mission to Create More Smiles and a Brighter Future with Every Bite This Earth Month, Frito-Lay announced...
BDC announces the creation of its new $150-million Sustainability Venture Fund dedicated to investing in businesses developing technologies that will support Canada and the world to meet sustainability and climate targets. The Fund...
Amundi, the largest European asset manager, announces the launch of a comprehensive range of Net Zero Ambition funds across the main asset classes. This suite of actively and passively managed...
Iberdrola has presented its Climate Transition Plan to the United Nations to achieve zero net emissions by 2040 in response to the call of the UN Secretary General, following a...
The European Commission has approved a €450 million Italian scheme to support the production of renewable hydrogen with the aim to foster the transition to a net-zero economy, in line...
Bipartisan Infrastructure Law Funding Will Support Energy and Water Conservation Measures to Reduce Emissions From Government Facilities The Biden-Harris Administration, through the U.S. Department of Energy (DOE), announced $250 million...
Shell plc has published its Energy Transition Progress Report 2022, which shows it has again met its climate targets as part of its energy transition strategy. The report will be...
Britain will invest 20 billion pounds ($24 billion) over the next 20 years in projects to capture and store carbon dioxide (C02), the government said on Friday, as part of...
Global power and technology leader Cummins Inc. announced the launch of Accelera by Cummins, a new brand for its New Power business unit. Accelera provides a diverse portfolio of zero-emissions...
Sustainable Finance target: New ambitions in businesses by end of 2025: Reductions in financed CO2 emissions and fossil fuel financing during 2022: Policies & Commitments: People & Own Operations: Deutsche...
Marubeni Corporation signed a MOU with the Public Investment Fund (“PIF”), one of the world’s largest and most impactful sovereign wealth funds, to set out a framework for the development...
U.S. bank Citi on Thursday announced targets for cutting emissions tied to loans it makes to coal mining, auto, steel and real estate clients by the end of this decade, in...
EDP is scaling up its ambition to lead the energy transition by pushing even further its investment plan and targets in the updated Business Plan 23-26, which will be presented...
Supporting our economy for future generations will mean supporting good, middle class jobs for workers. Canadians workers are already leading in spaces like clean tech, and the Government of Canada...
Indonesia on Wednesday launched the first phase of mandatory carbon trading for coal power plants, part of efforts by Southeast Asia’s biggest economy to boost renewable energy and achieve net...
Sasol has announced that it has established Sasol Ventures to advance Sasol’s decarbonisation and 2050 net zero ambitions through venture capital. It will invest €50 million over the next five...
Canada has what it takes to be a clean energy and technology supplier of choice in a net-zero world. A net-zero emissions economy represents significant opportunities for Canadians – to...
As part of its commitment to becoming net zero as a business and investor by 2050 to help the transition to a more sustainable world, AXA Investment Managers (AXA IM)...
The Department for Energy Security and Net Zero will provide dedicated leadership focused on delivering security of energy supply, ensuring properly functioning markets, greater energy efficiency and seizing the opportunities...
Key industrial players representing a £73 billion UK sector have signed a collaboration agreement to launch ‘Flue2Chem’ – a collaborative programme to transform the sustainability of the UK’s consumer products...
Funding Supports 33 Carbon Management Projects to Ramp Up Efforts to Achieve Nationwide Goal of Net-Zero Greenhouse Gas Emissions by 2050 The U.S. Department of Energy (DOE) announced $131 million...
UniCredit announced it is disclosing 2030 targets for the three most carbon intensive sectors within its portfolio which include Oil & Gas, Power Generation and Automotive sectors, to reach its...
The Un-carrier becomes the first in U.S. wireless to set target to achieve net-zero emissions across its entire carbon footprint by 2040; also signs onto The Climate Pledge to reinforce...
U.S. Bank announces the hire of Guillaume Mascotto as the company’s head of Sustainable Finance. In this new leadership role, Mascotto will build and lead a new team focused on...
Samsung Electronics has announced its new environmental strategy, a comprehensive effort to join the global movement to tackle climate change. At the heart of the new commitment is achieving net zero...
Lenovo is in the first group of companies to receive net-zero validation from Science Based Targets initiative, making it the first PC and smartphone maker and one of only 139 companies...
Nine leading industrial clusters in China, Indonesia, Japan, Spain, and the United States have joined the World Economic Forum initiative, Transitioning Industrial Clusters towards Net Zero, to help industries reduce...
In a wide-ranging address that touched on the most critical issues of the times, UN Secretary-General António Guterres urged leaders gathered for the Annual Meeting to take urgent action. Taking...
India has set green hydrogen consumption targets for some industries, so as to generate demand for cleaner fuel in its quest to reach net zero by 2070, the government said...
Hang Lung Properties is delighted to announce that the Company is the first real estate company in Hong Kong and mainland China to receive approval from the Science Based Target...
Abu Dhabi, UAE – January 5, 2023: ADNOC, a reliable and responsible provider of lower-carbon intensity energy, today announced a bold new strategy to progress the world-scale decarbonization of its operations. ...
Mizuho Financial Group, Inc. has included responding to climate change as a key pillar of our business strategy, and we are harnessing our group’s capabilities to contribute to the achievement...
JBS, the largest food company in the world, took another important step towards its trajectory towards the Net Zero 2040 commitment. REC Standard / I-REC, which prove the generation of...
The Allstate Corporation, one of the nation’s largest publicly held personal lines insurers, announced it has committed to achieve net zero emissions for direct, indirect and value-chain greenhouse gas emissions...
Canadians have been clear: they want clean air, good jobs, and a strong economy. Since 2015, the Government of Canada has led the fight against climate change and done more...
The UK took another step towards net zero carbon emissions and helping its sustainable aviation fuel (SAF) industry to take flight as government awarded 5 projects a share of the...
Pioneering sustainable direct mail offering now backed by industry leader responsible for managing carbon credit and energy attribution certificates used to reduce and offset carbon emissions Lob, the leading direct...
ABN AMRO released the following statement on its climate strategy: ABN AMRO publishes its climate strategy, as we take the next step in our climate journey. Our climate strategy is...
Four Bipartisan Infrastructure Law Programs Will Drive the Commercialization of Technologies Helping Remove CO2 Directly from the Atmosphere, Deliver Cleaner Air, Generate Good- Paying Jobs The Biden-Harris Administration, through the...
“Fundraising for a new strategy, a new company in a new asset class takes a while.” Investors have committed $650 million to two so-called natural capital funds backed by HSBC Asset...
Data model mapping relationships between industries and countries provides better visibility in complex supply chain networks, enabling more effective strategies to significantly reduce Scope 3 emissions by 2050 Companies need...
In Addition to New Federal Actions, California Joins President Biden’s National Building Performance Standard Coalition The Biden-Harris Administration announced the first-ever Federal Building Performance Standard, setting an ambitious goal to cut energy...
RWE one of the largest UK energy companies and the largest renewable generator in Wales has launched a new three-year green qualification that will be delivered through Grŵp Llandrillo Menai....
Company’s net-zero roadmap focuses on reducing impact of its value chain, increasing product efficiency and transitioning to renewable energy sources Lowe’s announced its goal to reach net-zero emissions across the...
PwC and SAP announced a new co-innovation strategy to make sustainability an integral part of standard business operations. The strategy is directed at creating trusted solutions to address key ESG...
Reaffirms Commitment to Net-Zero by 2040 MSCI, a leading provider of critical decision support tools and services for the global investment community, announced that its enhanced net-zero greenhouse gas emissions...
Diageo Plc’s East African unit is using macadamia shells, sugar bagasse and coffee and rice husks to produce electricity at factories in Kenya and Uganda, helping it achieve net zero...
During Sharm El-Sheikh Visit, Sec. Granholm Launched New International Partnerships, Showcased Innovative Pathways to Accelerating Clean Energy Development and Deployment This week, U.S. Secretary of Energy Jennifer M. Granholm traveled...
Moody’s Investors Service (MIS) recently published a proposed framework to provide Net Zero Assessments of non-financial corporate entities. The assessments aim to provide an independent and comparable assessment of the...
Iberdrola has presented its Climate Action Plan at COP27 in Sharm el Sheikh (Egypt), the most ambitious presented by a company at the Summit, which brings forward the goal of carbon neutrality of generation plants, its...
India laid out on Monday the steps it will take to achieve net zero by 2070, releasing its Long-Term Low Emissions and Development Strategies (LT-LEDS) at the COP27 summit in...
The Alliance’s mission is to raise significant capital to accelerate Africa’s just and equitable transition to Net Zero emissions Alliance to raise up to $500 million of early-stage project preparation...
The United Nations and standard setter the International Organization for Standardization launched a set of guidelines on Friday to help organisations construct net-zero emissions plans. As regulators increasingly focus on...
The World Economic Forum and U.S. Special Presidential Envoy for Climate announced at COP27 the expansion of a coalition of global companies and new purchase commitments for green technologies by 2030 to...
While a growing number of governments and non-State actors are pledging to be carbon-free, the criteria for net-zero commitments can have loopholes wide enough to “drive a diesel truck through”,...
InterEnergy’s collaboration with Bank of America and the multilateral will scale renewable energy and infrastructure solutions in Small Island Developing States in the Caribbean Bank of America has approved a landmark...
While more than one-third (34%) of the world’s largest companies are now committed to Net Zero, nearly all (93%) will fail to achieve their goals if they don’t at least...
Barclays Eagle Labs and Carbon13 announce five-year partnership to scale over 100 GreenTech businesses through the Venture Launchpad programme Applications open in December for early-stage start-ups that require expertise in...
Release of interim targets is an important step on the bank’s journey to net-zero RBC also releases Sustainable Finance Framework, outlining its approach to providing $500 billion in sustainable finance by 2025...
Hydrogen could supply up to half of power needs by 2050 Deputy Prime Minister and Minister for Finance Lawrence Wong outlined Singapore’s national strategy to develop hydrogen as a major...
The Asian Development Bank (ADB) mobilized a $135 million financing package for VinFast Trading and Production Joint Stock Company for manufacturing Viet Nam’s first fully-electric public transport bus fleet and first national electric vehicle charging...
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