article thumbnail

Iberdrola to Invest $45 Billion in Grid Expansion and Renewables by 2026

ESG Today

Global energy and electricity provider Iberdrola announced plans today for a major electrification-focused investment program, pledging to allocate €41 billion in its network and renewable energy from 2024 through 2026, and to hire 10,000 people. Net of these factors, anticipated investment by region from 2024-2026 include 35% to the U.S.,

article thumbnail

IOC Welcomes Admission As Observer Organisation to UN Climate Change

3BL Media

COP21 in 2015 produced the historic Paris Agreement, while last year’s COP28 brought agreement on the need to phase out the use of fossil fuels. Thirty-four International Sports Federations, 52 National Olympic Committees and the Organising Committees for Paris 2024 and Milano Cortina 2026 have so far joined the Framework.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Sysco targets transportation and production emissions in sustainability goals

Environmental News Bits

Sysco will work to lower scope 3 emissions throughout its supply chain by partnering with its highest-emitting suppliers to establish sustainability targets in line with the goals of the Paris Agreement by 2026, according to the company’s 2021 Corporate Social Responsibility report.

article thumbnail

EU Lawmakers Raise the Price of Carbon Emissions for Airlines

ESG Today

While airlines in the EU are currently provided with free allowances to avoid paying for carbon emissions, the new deal, applying to intra-European flights, as well as flights departing flights to the UK and Switzerland, will phase out these allowances between 2024 and 2026, with allowances becoming fully auctioned in 2026.

article thumbnail

Volvo, Chrysler maker swerve away from lobby group over EU electric car mandate

Corporate Knights

Effectively, the new standard will be electric vehicles – with the EU deferring until 2026 a decision on whether to phase out combustion/electric hybrids by 2035. The agreement quashed a request for more time by some automakers, which revealed a growing split in the automobile and broader mobility sectors.

article thumbnail

ECB Stress Test: Banks’ Credit Risk Doubles by 2030 Under Slower Climate Transition

ESG Today

These risks would be particularly acute for companies in energy-intensive sectors such as manufacturing, mining and electricity.

Banking 106
article thumbnail

ECB to Transition Corporate Bond Portfolio to Better Climate Performers

ESG Today

And, as part of our evolving climate agenda, there will be more steps to align our activities with the goals of the Paris Agreement.”. ECB President Christine Lagarde, said: “Within our mandate, we are taking further concrete steps to incorporate climate change into our monetary policy operations.