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EU Parliament Adopts Environmental, Human Rights Sustainability Due Diligence Law

ESG Today

billion in 2027 followed by companies with more than 3,000 employees and €900 million revenues in 2028, and for all other companies in the scope of the law in 2029. The law also requires companies to adopt transition plans to align their businesses with the Paris Agreement goal with limiting global warming to 1.5°C,

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Lamborghini Targets 40% Reduction in Emissions Across the Value Chain by 2030

ESG Today

The company launched its first HPEV (High Performance Electrified Vehicle) hybrid super sports car last year, and its electrification targets include introducing its first full electric model in 2028 and a fully electric SUV in 2029, with the aim of a 50% reduction in fleet CO2 emissions by 2025 and 80% by 2030.

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Green groups urge UN to raise climate ambition on global shipping

GreenBiz

The frontrunning proposal, sponsored by France, Germany and Japan, has come under fire due to a recommendation that stringent enforcement of operational efficiency regulations is introduced no earlier than 2029. It is the job of the United Nations to protect people and planet from the ravages of runaway global heating.".

Shipping 470
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Are US Firms and Investors Prepared for CSRD?

Chris Hall

US and other non-EU companies that annually generate over €150 million in revenue and significant EU subsidiaries (minimum annual revenue of €40 million) will need to report 2028 data in 2029 at the latest. But many non-EU companies will have to comply much sooner.

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News Release: Wind energy will be at the heart of Quebec’s deployment strategy over the next few years 

CREA

To achieve net-zero emissions by 2050, CanREA stresses the importance of remaining agile in the coming years through a range of supply mechanisms and by integrating a diverse array of renewable sources into Quebec’s energy mix.

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Making a Successful Business Pivot During the Energy Transition: Three Lessons from an Auto Supplier Diversifying into Renewables

James Militzer

billion in 2029, up from US $ 4.58 In this case, the need for new energy storage solutions and the potential of hydrogen has allowed it to enter a market that was not on most companies’ radar 10 or 15 years ago. The global fuel cell market is projected to reach US $ 36.41

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Preparing for 4 New EU Environmental Regulations in 2024

3BL Media

For businesses to stay ahead of these changes, it is advised to start assessing the carbon footprint of supply chains and exploring ways to reduce emissions. Full implementation is expected by 2026, at which point importers will begin paying for the carbon content of their imports. This could lead to new requirements for businesses.