The report finds that limiting global warming to 1.5°C would require “rapid and far-reaching” transitions in land, energy, industry, buildings, transport, and cities. Global net human-caused emissions of carbon dioxide (CO2) would need to fall by about 45 percent from 2010 levels by 2030, reaching ‘net zero’ around 2050. This means that any remaining emissions would need to be balanced by removing CO2 from the air.More
The RE100 report with Capgemini Invent, which draws on 2016-17 data from a sample of 3,500 companies, shows RE100 businesses (committed to 100% renewable electricity) consistently perform better than non-members on two key financial indicators: net profit margin and EBIT margin (Earnings Before Interests and Taxes).More
For a fourth consecutive quarter, India added more renewable energy and solar capacity than thermal and coal-based capacity. A net capacity of 2.2 gigawatts was added across India, across technologies with solar grabbing a share of 62%.More
A Berlin-based startup has developed technology that enables street lamps to be easily converted into charging stations for electric vehicles. Siemens has invested in this promising, new technology.More
Swedish burger chain ‘Max Burgers’ is making its entire menu climate positive by tracing the greenhouse emissions of its 130 restaurants, and then compensating for them through various carbon offsetting initiatives, the company has announced.More
Sweden is on pace to reach its 2030 target for renewable energy more than a decade ahead of schedule, according to Bloomberg — and wind energy is the driving factor.
For the past several years, windmill installations have soared throughout the country because of government subsidies.More
Wells Fargo will pay $1 billion in fines for violating federal rules and unfairly charging consumers inappropriate fees as part of its mortgage lending operation, according to a settlement the company reached with federal regulators.
Meanwhile, the San Francisco-based bank said Thursday that it plans to put $200 billion toward investment in, and finance of, companies and projects involved with clean technologies, renewable energy, green bonds and alternative transportation, by 2030.More
On April 19, 2018 WBCSD released a new in-depth guide for policymakers on carbon pricing.
It aims to spur discussions between policymakers and business leaders on how best to implement a carbon price to encourage low-carbon innovation and investment, while creating a level playing field for meeting the 2°C objective.
WBCSD see carbon pricing as one of the most efficient means of driving the transition to a low-carbon world – learn more today.More
The Global Risks Report 2018 is published at a time of encouraging headline global growth.
Any breathing space this offers to leaders should not be squandered: the urgency of facing up to systemic challenges has intensified over the past year amid proliferating signs of uncertainty, instability and fragility.
This year’s report covers more risks than ever, but focuses in particular on four key areas: environmental degradation, cybersecurity breaches, economic strains and geopolitical tensions. And in a new series called “Future Shocks” the report cautions against complacency and highlights the need to prepare for sudden and dramatic disruptions.
Bank announces in Paris it ‘will no longer finance upstream oil and gas’ after 2019 in response to threat posed by climate change.
The World Bank will end its financial support for oil and gas extraction within the next two years in response to the growing threat posed by climate change.More