19-مارس-2024
Court temporarily halts SEC.’s climate disclosure rules
A U.S. federal court halted new rules from the Securities Exchange Commission (SEC) that require public companies to disclose more about the business risks they face from climate change, siding with two oil and gas companies that criticized the requirements as costly and arbitrary.
19-مارس-2024
Apple expands innovative Restore Fund with TSMC and Murata
Groups Taiwan Semiconductor Manufacturing Company (TSMC) and Murata Manufacturing invested USD 50 million and USD 30 million, respectively, in Apple's carbon removal Restore Fund, bringing the total commitment of the fund's second phase to USD 280 million.
19-مارس-2024
Shell scales back its 2030 emissions intensity target
Shell announced revisions to its climate targets. It now aims to cut the net carbon intensity (NCI) of the energy products it sells by 15-20% by the end of the decade, compared with 20% previously (against a 2016 baseline). The company continues to target a fall in this NCI of 100% by 2050.
12-مارس-2024
GCF commits USD 1.3b for climate action in developing countries
The board of the Green Climate Fund (GCF) endorsed 11 new adaptation projects in developing countries, committing USD 490 million. Together with planned co-financing, that brings the total investment to nearly USD 1.3 billion.
12-مارس-2024
New York launches ‘greenwashing’ lawsuit against JBS
New York Attorney General Letitia James announced the launch of a lawsuit against the American subsidiary of Brazilian beef and poultry group JBS, alleging that the company made ‘misleading environmental claims’, including its net zero emissions goal by 2040.
12-مارس-2024
Tao Climate pledges to sequester 1 billion tonnes of CO2e by 2030
Tao Climate, a greentech software company, announced a goal to remove 1 gigatonne of carbon by 2030 by building homes with hemp-based materials, as part of the Google Startups for Sustainable Development program.
12-مارس-2024
European Commission releases 2022 aircraft emissions data
According to a new report by the European Commission, EU aircraft operators emitted 105 million tCO2 during CORSIA-eligible flights in 2022. It is the first time that such emissions are measured across the EU.
12-مارس-2024
Kingspan reports 65% emissions cut since 2020
Ireland-based building materials company Kingspan said in its latest sustainability report that it has reduced its Scope 1 and 2 emissions by 65% since 2020 as part of “Planet Passionate”, its 10-year sustainability programme.
12-مارس-2024
Mexico introduces draft voluntary carbon market framework
Mexico's government issued a draft of its new regulations for a national voluntary carbon market (VCM), in alignment with Article 6 of the Paris Agreement. Future plans indicate the development of a buyer registry and a national VCM price index.
12-مارس-2024
People’s Pension moves USD 15b into ‘climate-aware’ strategies
UK workplace pension scheme ‘The People’s Pension’ announced the shift of GBP 15 billion (USD 19.2 billion) of its assets under management into so-called ‘climate-aware’ investment strategies.
12-مارس-2024
China 'likely to miss’ its 2025 energy efficiency goal
China aims to reduce its energy intensity by 2.5% in 2024, the government has revealed during the annual National People’s Congress. Original publication available in Mandarin Chinese.
12-مارس-2024
SEC adopts new climate-related disclosure rules for investors
The US Securities and Exchange Commission adopted its final rule requiring companies to disclose climate-related risks that have a material impact on their business strategy, operations, or financial position -- including their use of carbon credits if they are a material component used to achieve the company’s climate target.
12-مارس-2024
BP's emissions rise for the first time since 2019
BP reported a rise in greenhouse gas emissions in 2023, the first increase since 2019, in its latest ‘Net Zero Emissions Progress Update’. This came as the company boosted its oil and gas project development and production.
12-مارس-2024
Unilever sets new emission targets, net zero value chain goal by 2039
Unilever aims to reduce its Scope 1 and 2 emissions by 100% by 2030 from a 2015 baseline, and to cut its Scope 3 emissions by 39% over the same period, according to a recent decarbonisation progress update.
12-مارس-2024
EU Parliament set to vote on green claims directive
The European Commission’s proposal for specific rules on voluntary ‘green’ claims will go to a vote in the EU Parliament this month and could be implemented over two years. It aims to protect consumers against misleading product information – including via the use of carbon offsetting.
12-مارس-2024
Pemex approves methane emissions plan
Mexican state-owned oil company Petroleos Mexicanos approved a plan to reduce its methane emissions by 30% by 2030. The move paves the way for the return of ESG investors to the company, according to Bloomberg.
12-مارس-2024
Italy to phase out coal power by 2025
Italy aims to cease using coal for electricity generation by 2025, according to the country’s Energy Ministry, in a move that aligns it more closely with the direction of other European Union members.
12-مارس-2024
Stellantis to invest EUR 5.6b in South America
Multinational carmaker Stellantis announced an EUR 5.6 billion (USD 6.1 billion) investment plan forthe South American region from 2025 to 2030, to support new business opportunities including the development of hybrid and low-carbon technologies.
05-مارس-2024
Nokia commits to net zero by 2040
Nokia has made commitments to achieve net zero greenhouse gas emissions by 2040, to accelerate its ongoing efforts towards decarbonisation by 2030, and to submit its plans for validation by the Science-Based Targets initiative.
05-مارس-2024
Cemex comes up with innovative way to cut carbon emissions
Cemex has developed an approach designed to decrease CO2 emissions in cement production by reducing the size of clinker particles, via a process called 'micronisation'.