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Green groups urge UN to raise climate ambition on global shipping

GreenBiz

Campaigners maintain that stronger ambition is required given that the 2030 target the IMO is working towards — a 40 percent reduction in carbon-intensity emissions — is not aligned with the Paris Agreement in the first place. A statement provided by Shell welcomed signs that some form of new regulatory regime was on the way.

Shipping 471
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Take Five: Rapid, Deep, Immediate

Chris Hall

In an eventful week, the words of climate scientists reverberated around the world. Released Monday , the Synthesis Report that concluded the Intergovernmental Panel on Climate Change’s (IPCC) sixth assessment cycle confirmed much we already knew.

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Post-COP28, key industry conferences paint a mixed picture on energy transition

We Mean Business Coalition

This is not surprising and shows that, for now, despite governments’ agreement at COP28 on the need to transition away from fossil fuels this decade, collective agreement on the who, when and how for the transition remains elusive – with some CERAWeek attendees cautioning against a speedy transition and touting fossil gas as a transition fuel.

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Should businesses be legally required to set science-based targets?

We Mean Business Coalition

But with the world still off-track to achieve the Paris Agreement, should governments intervene? As of yet, no major economy has mandated that businesses set verified, science-based goals to reduce emissions in their operations and supply chains. Instead, Giannini would favour a broader package of carrots and sticks.