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Latest News
September 23, 2021
Energy
India's green growth imperative
DELHI: Dhruba Purkayastha is India director at the Climate Policy Initiative and director of US India Clean Energy Finance. He says despite being a one of the few “2°C compatible” members of the G20, decarbonising the country will cost US$2.5 trillion by…
September 23, 2021
Transportation
Aviation group wants 10 percent SAF goal by 2030
GENEVA: A coalition of aviation stakeholders, including leading airlines, airports and fuel suppliers, want the use of Sustainable Aviation Fuel (SAF) to reach 10 percent of global jet fuel supply by 2030. In July this year the European Commission unveiled a…
September 22, 2021
Manufacturing
Airbus introduces climate impact solutions
MOBILE, AL/TOULOUSE: By November this year Airbus will start delivering A220 and A320 aircraft to customers from its US manufacturing facility using a blend of Sustainable Aviation Fuel (SAF) sourced from World Energy and supplied by Signature Flight Support.…
September 22, 2021
Transportation
Maritime sector calls on world leaders to act on climate mitigation
NEW YORK: Representatives of the entire maritime value chain have called on governments ahead of the UN COP26 Summit in November to align shipping with the Paris Agreement temperature goal – now agreed by scientists to be 1.5C. Developed by a…
September 22, 2021
Emissions
G20 countries key to climate crisis
WASHINGTON, DC | BERLIN: Research by World Resources Institute and Climate Analytics says global temperature could be limited to +1.7°C by the end of the century, if G20 countries set 1.5°C-aligned emission reduction targets for 2030 and reach net-zero…
September 21, 2021
People
World gets an ‘F’ in ethics
NEW YORK: The UN secretary-general António Guterres told the 76th General Assembly today the biased distribution of COVID-19 vaccines was an “obscenity” - with a surplus in some countries while over 90 percent of Africans still waited for their first dose.…
September 21, 2021
Emissions
60 percent of Fortune Global 500 not committed to climate reduction targets
NEW YORK: The latest report from the UN Framework Convention on Climate Change (UNFCCC), in the run-up to COP26 in November, says countries’ Nationally Determined Contributions (NDCs) under the Paris Agreement “fall far short of what is required” to keep…
September 17, 2021
Emissions
Agility invests in inner-city electric delivery
STOCKHOLM: Supply chain services provider Agility has become an investor in Volta Trucks, participating in a Series B investment round of €37 million that also included Luxor Capital, Proterra and original seed investor Byggmästare Anders J Ahlström. Volta…
September 17, 2021
People
New philanthropy fund for climate crisis solutions
THE HAGUE: The European Climate Foundation (ECF) has launched a Climate Finance Fund, supported by the William and Flora Hewlett Foundation, to mobilize capital for climate crisis solutions. The platform aims to drive change by supporting innovative finance…
September 16, 2021
Energy
Banks backs new UK oil field despite net-zero pledge
LONDON: Seventy-five miles west of the Shetland Islands there is a new oil field project known as Cambo. It’s owned by Shell and a private-equity backed firm called Siccar Point Energy. They have applied for a licence from Boris Johnson’s government to start…
September 16, 2021
Emissions
P&G commits to 1.5°C
CINCINNATI: Procter & Gamble says it wants to achieve net-zero supply chain emissions - from raw material to retailer - by 2040. It will use trees or carbon capture to account for any residual emissions. The company has submitted a plan to the Science Based…
September 16, 2021
Energy
European energy powers up GHG emissions reduction
LONDON: Latest data from the Science Based Targets initiative (SBTi), enabling companies to set GHG emissions reduction targets, says while 18 European power companies have approved science-based targets, the US only has one – NRG Energy. The Houston,…