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UK to Launch a Carbon Tax on Imports by 2027

ESG Today

The new carbon tax follows a review by the government launched earlier this year on potential measures aimed at mitigating carbon leakage, with UK producers in several emissions-intensive sectors subject to the country’s Emissions Trading Scheme (ETS), one of the key tools used by the UK to decarbonize industry.

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The IESO Continues Work Toward a Decarbonized Electricity Grid with a Trio of Reports

CREA

Ontario is in a strong position to decarbonize its rapidly growing electricity grid, with a moratorium on new natural gas generation being feasible starting in 2027, provided new storage, nuclear, renewables and expanded conservation efforts are ready. Read more in Green Energy Futures.

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Maersk Sources 100,000 Tonnes of Green Methanol to Support Fleet Decarbonization Goals

ESG Today

Maersk said that it intends to purchase the full volume of green methanol produced, with options for the output of subsequent facilities at other locations, forming part of the company’s fleet decarbonization efforts. The commercial start for the project is anticipated to commence in 2027.

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Schneider Electric Announces Additional Participation in First-of-Its-Kind Supplier Program To Advance Climate Action

3BL Media

Launched at the United Nations Conference of Parties (COP26) in November 2021, the Energize program is a collaboration among now 12 global pharmaceutical and biotechnology companies to engage hundreds of suppliers in bold climate action and decarbonization of the pharmaceutical value chain.

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Hydrogen-Electric Aviation Startup ZeroAvia Raises $116 Million

ESG Today

It expects to offer engines to support a 300-mile range in 9–19 seat aircraft by the end of 2025, and up to 700-mile range in 40–80 seat aircraft by 2027. The UK aims to decarbonize aviation by 2050 and seek to support the development of new clean propulsion technologies to be flying between UK airports this decade.

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Apollo Launches $4 Billion Clean Energy Transition Strategy

ESG Today

To date, the platform has deployed more than $6 billion, and Apollo said that the new strategy will work alongside the firm’s other strategies to support the achievement of the 2027 target.

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Diageo to Use Net Zero Glass Bottles from Hydrogen-Powered Furnace

ESG Today

The decarbonization of glass packaging also forms a key part of the UK government’s plan to reach net zero by 2050. The furnace is expected to become fully operational by 2027. The hydrogen for the furnace will be provided by Vertex Hydrogen, a partner of the UK government’s HyNet industrial decarbonization project.