France unveils plan to cut GHG emissions by 50% by 2030
Unveiled by Prime Minister Elisabeth Borne, the roadmap includes detailed reductions for sectors of the economy, from the transport industry to households.
World Meteorological Congress approves Global GHG Watch
The World Meteorological Congress approved a new greenhouse gas monitoring initiative to support urgent action to reduce heat-trapping gases.
ONGC to invest $12Bn for 2038 net zero target
India’s largest oil and gas producer ONGC unveiled a Rs 1-lakh-crore ($12Bn) investment plan to achieve net-zero operational greenhouse gas emissions by 2038.
Brazil to set tougher climate change targets
President Luiz Inacio Lula da Silva plans to commit Brazil to a more ambitious climate change goal this year, addressing criticisms of current targets.
Du announces ambition to be net net-zero by 2030
Emirati telecommunications operator Du has committed to achieving net zero Scope 1 and 2 emissions within its operations in the UAE by 2030 and Scope 3 by 2050.
Global politicians pressure UN to remove head of COP28
More than 100 US and EU lawmakers appealed to the United Nations to oust oil executive Sultan Al Jaber as head of this year’s COP28 climate summit.
Schroders launches Carbon Offset share classes
Schroders launched Carbon Offset share classes, which will provide clients with the choice to offset carbon emissions associated with their underlying fund holdings.
China releases blue carbon guidelines
China this week released technical regulations and requirements for three types of blue carbon methodologies.
OCBC makes decarbonisation pledge in six sectors
Singapore-listed lender OCBC Bank pledged to embark on decarbonisation targets in six carbon-intensive sectors, including oil & gas.
Barclays toughens deforestation rules for beef sector clients
Barclays has told beef sector clients they must prevent deforestation in their South American supply chains, in a policy document that toughens the bank’s stance but stops short of campaigners’ demands
Most sustainable funds could not meet EU, U.S. and U.K. rules
Most issuers of funds labeled as sustainable would have to reboot in order to meet regulatory demands in the U.S., U.K. and European Union, according to new analysis
COP28 team marshals oil and gas industry alliance
A new alliance of the oil and gas sector is being marshalled by the COP28 team behind the UN climate summit in the United Arab Emirates. Its goals aimed at tackling global warming do not include….
Orange commits to net zero by 2040, interim targets
Communications operator Orange committed to reducing its scope 1, 2 and 3 CO₂ emissions by 2040, starting with a 30% cut in of scope 1 and 2 emissions by 2025.
Nigeria signs MoU on management of carbon registry
The Nigeria Sovereign Investment Authority and its National Council on Climate Change signed a Memorandum of Understanding to develop a climate change framework to provide guidelines for regulating emissions.
Forth Ports makes 2042 net-zero pledge
Port operator Forth Ports is overhauling equipment and increasing on-site renewable energy generation as part of its new net zero strategy.
Victoria announces a commitment to net zero by 2045
The Victorian Government has announced a new and ambitious emissions reduction target of 75 to 80 per cent by 2035, and net zero emissions by 2045.
Exxon says net zero emissions scenario ‘unlikely’
Exxon Mobil has pushed back against investors pressing the largest U.S. oil producer to report on the risks to its business from restrictions on greenhouse gas emissions
The French government’s plan to make its industry greener
The government laid out its plans to support the reindustrialisation of France by favouring environment-friendly companies and the development of selected sectors.
NTT, JERA plan USD 2.18 bn renewables acquisition
Nippon Telegraph & Telephone and Japan’s largest power company, JERA, are nearing a deal to acquire Tokyo-based Green Power Investment for about 300 billion yen ($2.18 billion), according to Nikei.
CAISO transmission plan to bring 40 GW of renewables, storage
The California Independent System Operator (CAISO) has given the thumbs up to a USD 7.3 billion (EUR 6.75 bn) power transmission plan that will back the deployment of over 40 GW of renewable and battery storage projects in a decade.