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After signing on to the Global Methane Pledge two years ago during the COP26 meeting in Glasgow, Canada released a methane reduction strategy in September, 2022 that affirmed the 75% reduction from 2012 levels by decade’s end, Guilbeault’s department recalled in a backgrounder published earlier today.
Announced as “the beginning of the UK’s path to netzero” the plan sets out a number of initiatives in areas such as energy, transport, carbon capture and flood defences. The firm said these were the figures needed to deliver the 19 million heat pumps the netzero target necessitates, according to the Committee on Climate Change.
Looking at Cooperative Approaches as a Market-Based Path Toward NetZero. DESCRIPTION: Tetra Tech’s Rodrigo Chaparro, senior climate advisor, looks at three Cooperative Approaches as a market-based path toward netzero in advance of the 2022 United Nations Climate Change Conference (COP27). SOURCE: Tetra Tech.
Cost of inaction The International Energy Agency (IEA) recently published an updated NetZero Roadmap, which called for ambitious action to limit global warming to 1.5°C. In the netzero pathway, global clean energy spending must increase from US$1.8 trillion in 2023 to US$4.5 C pathway. At COP27 it was 1.5°C
Capturing the invisible There is a lot of work to be done if oil and gas firms are to be aligned with the IEA’s NetZero 2050 pathway. The Institutional Investors Group on Climate Change’s (IIGCC) recently published netzero standard for oil and gas refers to the OGMP 2.0 including Shell and BP.
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