Investors that manage US$47tn demand world’s biggest polluters back plan for net-zero emissions

The voluntary guidelines, known as the climate measurement standards initiative, are designed to give banks and insurers consistent scientific advice on how to assess the risk of damage from events including bushfires, cyclones, floods, droughts and heatwaves.

UK citizens’ assembly wants ‘fair’ path to 2050 net-zero emissions goal

LONDON: Taxes on frequent fliers, more wind and solar power, and better protection for nature should be key policies in Britain’s push to meet its promise to cut emissions to net zero by 2050, a citizens’ assembly advised the country’s lawmakers on Thursday.But its final recommendations in a report to parliament did not back nuclear […]

Fifth of all global CO2 emissions come from the supply chains of large multinational companies such as Total, BP and Coca Cola, study finds

Carbon footprint of MNEs in the electronics sector in 2016 (MtCO2 at both axes). The blue bars represent the carbon emissions in supply chains of MNEs in a certain country. The lines represent the carbon emissions in supply chains of large foreign affiliates of Samsung and Apple 

U.S. utilities say Biden plan to cut C02 hinges on breakthroughs

Reuters contacted the 10 largest U.S. publicly traded power producers and three others with ambitious greenhouse gas reduction goals to determine their outlook on reducing the carbon dioxide emissions that lead to global warming. All but four responded. The news organization also mined public statements, state regulatory filings and corporate documents to determine these utilities’ […]

INSIGHT-U.S. utilities say Biden plan to cut C02 hinges on breakthroughs

Xcel, which has among the most aggressive plans to move away from fossil fuels, said it will achieve an 80% reduction in CO2 emissions by 2030 with large additions of solar and wind power. But eliminating carbon emissions entirely will take another two decades, the utility said, far longer than Biden’s plan calls for.

UK must become global leader in tackling climate crisis, says CBI

These include speeding up the delivery of electric vehicle-charging networks, alongside government funding for a UK-based gigafactory to make batteries for electric cars. It emerged over the summer that a startup, Britishvolt, plans to build Britain’s first battery “gigaplant” at a site in south Wales.

Debt swaps could free funds to tame climate, biodiversity and virus threats

While Britain no longer holds much developing-country debt after forgiving most of it decades ago, as host of next year’s major U.N. climate summit it could put pressure on creditors in London’s financial center to participate in such swaps, he said.

Baker Hughes plots low carbon future as oil prices remain low

Baker Hughes is adjusting to a sharp drop in oil demand as the pandemic and a short-lived price war drove its biggest customers to idle equipment, slow new oil and liquefied natural gas (LNG) projects and cut employees. Global oil futures LCOc1 traded under $40 per barrel on Tuesday, below the breakeven price for many […]

Biden 2020: Change That Wall Street Liberals Can Believe In?

It wasn’t Biden’s call for spending $2 trillion in four years on climate projects, or his endorsement of turning Section 8 housing vouchers into an entitlement, or plans for paid family leave and child care that his campaign had to disavow in private conversations with its favorite Wall Street rentiers — it was his apparent […]

Cooperate on climate or ‘we will be doomed’: UN chief

Guterres said there was currently no clear sign that a United States government recovery policy would align with Paris goals, but he expressed hope that states, businesses and individuals “will compensate for the lack of political commitment that exists at the present moment”.