It’s time for a crackdown on corporate net-zero pledges, UN expert panel says

Corporate Knights

Governments are being called on to put some regulatory muscle behind corporate net-zero pledges to ensure they don’t amount to mere greenwashing. . We must have zero tolerance for net-zero greenwashing. -UN We need to focus on “zero,” not the “net.” .

Large asset managers lagging on net-zero targets

Corporate Knights

As the warming climate drives up temperatures and ignites wildfires across many parts of the globe this summer, a new study shows some of the world’s largest asset management companies have some of the smallest net-zero targets for their portfolios. .

Insiders

Sign Up for our Newsletter

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

Mark Carney’s net-zero banking alliance backtracks on compulsory climate targets

Corporate Knights

More than 450 firms came together to commit to bringing their loan and investments down to net-zero by 2050 in what’s called the Glasgow Financial Alliance for Net Zero (GFANZ). C carbon budget which has zero room for any new coal mines or oil and gas fields.”.

What is net zero?

McKinsey Public & Social Sector Insights

Net zero is an ideal state where the amount of greenhouse gases (GHGs) released into the earth’s atmosphere is balanced by the amount of GHGs removed. Decarbonization efforts are needed to reach net zero.

New UN panel looks to hold companies, governments accountable for net-zero pledges

Corporate Knights

Net-zero pledges have become commonplace among corporations, financial institutions and cities, but questions abound as to whether those companies and governments have real plans in place to achieve them. Net-zero commitments proliferated ahead of COP26, held last November in Glasgow.

Banks missing two key steps in making ‘just transition’ part of net-zero plans

Corporate Knights

They wanted to engage with him on RBC’s support for the Coastal GasLink pipeline construction across unceded Wet’suwet’en territory, despite the bank committing to net-zero emissions by 2050. Another member of the Net-Zero Banking Alliance, U.K.-based

Report: Many global companies’ net-zero pledges fail the smell test

Corporate Knights

Hundreds of corporations are proclaiming their climate commitments with four little words: net-zero by 2050. A new Corporate Climate Responsibility Monitor report examined 25 global giants – from Amazon to Volkswagen – that have publicly made net-zero or carbon-neutral commitments.

Net Zero Technology Centre - North-east to become centre of new UK geothermal energy sector

Global Renewable News

ABERDEEN'S Net Zero Technology. Geothermal

Cracks showing in Mark Carney’s net-zero financial alliance

Corporate Knights

Mark Carney’s US$130-trillion Glasgow Financial Alliance for Net Zero (GFANZ) has lost two pension funds and a consulting company in recent weeks, and some large U.S. The post Cracks showing in Mark Carney’s net-zero financial alliance appeared first on Corporate Knights.

Asset Owners Outline Progress Toward Net Zero

Chris Hall

Big strides towards net zero have been made by pension funds and other heavyweight institutional investors managing more than US$3.3 But the group acknowledged asset owners are still at a relatively early stage in their implementation of net zero investment strategies.

Net Zero Scrutiny Intensifies at COP27 

Chris Hall

Sharm El Sheikh sees progress on accountability and transparency of net zero pledges, but many admit need for regulatory intervention. . The report also highlighted new ‘red lines’, identifying practices that should not be considered compatible with net zero commitments.

Canada’s net-zero opportunities might skip some provinces

Corporate Knights

Canada’s provincial governments need comprehensive net-zero climate strategies to drive growth in the green economy, but some are sending mixed policy signals to the companies that will create tomorrow’s jobs, says a new report from the Canadian Climate Institute. .

Net Zero Tracker

Environmental News Bits

It includes data on: all … Continue reading Net Zero Tracker.

Fossil fuel expansion will be the litmus test for banks’ net-zero promises

Corporate Knights

Many of the world’s biggest banks face the enormous challenge of realigning their entire loans and investment operations in the coming years to put themselves on a credible path to achieve net-zero carbon emissions by 2050. “We Climate Crisis finance insurance net zero paris agreement

Grading companies’ net-zero plans

GreenBiz

The grades are in, and major companies are coming up short on net-zero goals

Adopting Net Zero Plastic to Nature

Chris Hall

One of COP’s key themes this year was ‘net zero’, defined as ‘cutting greenhouse gas emissions to as close to zero emissions as possible’. The solution is not to eradicate the use of plastics, but for retailers to adopt a term coined ‘Net Zero Plastic to Nature’.

Italy hits a diesel-fueled traffic jam in the race to net-zero

Corporate Knights

That’s the good news; the bad is that Italy is decidedly middle of the pack in making progress toward net-zero goals. The green component will be a big part of this package, boding well for the country’s net-zero ambitions in spite of a lacklustre start.

The role of Universities in accelerating the transition to Net Zero

Cisco blogs - Education

The higher education sector has a major role to play in the journey to Net Zero – both in terms of reducing its own environmental footprint and by helping to develop new climate technologies through applied research and co-innovation with industry.

NZAM Net Zero Targets Now Cover US$21.8 Trillion

Chris Hall

The Net Zero Asset Managers initiative (NZAM) has published the targets of an additional 86 members for reducing greenhouse gas emissions in their portfolios. trillion assets managed by members is now committed to being managed in line with achieving net zero by 2050 or sooner. .

BloombergNEF Outlines Energy Transition Net-Zero Scenarios

Environment + Energy Leader

The post BloombergNEF Outlines Energy Transition Net-Zero Scenarios appeared first on Environment + Energy Leader. The report outlines pathways that include decarbonizing the power sector and transportation.

EVs are leading U.K.’s race to net-zero, but will England stay off the gas?

Corporate Knights

s net-zero strategy should provide a framework for whole-economy decarbonization, but it needs to be backed up by credible plans, according to the House of Lords. s race to net-zero, but will England stay off the gas?

UN Experts Demand Crackdown on Greenwashing of Net Zero Pledges

Impakter

UN Experts Demand Crackdown on Greenwashing of Net Zero Pledges. A UN group set up to crack down on the greenwashing of net zero pledges by industry and government has called for “red lines” […]. Impakter.

CalSTRS Builds on its Net Zero Commitment

Chris Hall

Following on from its net zero commitment last year , the board of the California State Teachers’ Retirement System (CalSTRS), an educator-only pension fund, has adopted a “total fund plan” to meet its target. .

Slow 2050 net-zero scenarios not worth the paper they’re written on, say economists

Renew Economy

Leading economists blow a hole through the main tool used to produce the slow net-zero scenarios embraced by climate policymakers. The post Slow 2050 net-zero scenarios not worth the paper they’re written on, say economists appeared first on RenewEconomy.

Circulor and Polestar Deliver Actionable Items in Drive Towards Transparency and Net-Zero

Companies for Net Zero

Veera Johnson, the co-founder of Circulor, shares how collaboration with Volvo and Polestar offers tangible solutions for transparency and traceability in the automotive industry’s race to Net-Zero.

Welcome to VERGE Net Zero

GreenBiz

Jim Giles, Conference Chair, VERGE Net Zero at GreenBiz Group welcomes you to VERGE Net Zero. This session was held at GreenBiz Group’s VERGE Net Zero, July 27-28, 2021.

Delivering a net zero-ready grid

Smart Energy International

As we continue the transition to net zero, data, particularly around the low-voltage (LV) network, will become increasingly important. A net zero-ready grid. ground mounted transformers), but all in support of the transition to net zero.

UN Expert Group Proposes Rules for Net Zero Commitments

ESG Today

A UN-backed group of sustainability, business, finance and government leaders unveiled a series of recommendations aimed at developing clearer standards for net zero pledges made by businesses and other non-state entities, and avoid the use of the commitments for greenwashing.

Italy hits a diesel-fueled traffic jam in the race to net-zero

Corporate Knights

That’s the good news; the bad is that Italy is decidedly middle of the pack in making progress toward net-zero goals. The green component will be a big part of this package, boding well for the country’s net-zero ambitions in spite of a lacklustre start.

Accelerating to Net Zero: The Business Imperative

GreenBiz

Many companies are making net zero pledges, but few have developed comprehensive implementation plans, and even fewer have made meaningful progress on delivering results

How can Ontario achieve net zero, cost-effectively and reliably?

Corporate Knights

As our climate changes, getting to net zero has never been more important. The most cost-effective way to achieve net-zero emissions while optimizing energy reliability is an integrated path that leverages both the electricity and natural gas systems.

It’s time for investors to demand real net-zero plans from Canada’s energy sector

Corporate Knights

The good news is that most of Canada’s big oil companies have pledged to achieve net-zero emissions by 2050. What constitutes a credible net-zero plan in the energy sector, and how are Canada’s companies falling short?

Are Electric Vehicles and Hydrogen Vehicles Competing or Complimenting in the Race to Net Zero?

Companies for Net Zero

When it comes to zero emission vehicles, there is a tendency to view electric vehicles and hydrogen-powered vehicles as competing technologies. The post Are Electric Vehicles and Hydrogen Vehicles Competing or Complimenting in the Race to Net Zero?

Net-zero solar panels? WA renewable hydrogen project spurs green glass potential

Renew Economy

Plans for an up to 1GW green hydrogen plant in WA’s Mid-West region could lead to the manufacture of net-zero glass – and may be solar panels. The post Net-zero solar panels?

New Zealand a Laggard in Net Zero Investment

Chris Hall

Survey finds “disappointing progress” in new net zero commitments, but notes progress on policies by asset owners and fund managers. But only a third of asset owners responding to the survey reported having investment mandates that refer to emissions, net zero or decarbonisation.

Standard to Polish Insurers’ Net Zero Credentials

Chris Hall

A new reporting standard for greenhouse gas (GHG) emissions resulting from underwriting will help the insurance sector play a greater role in the net zero transition, the UN Environment Program Finance Initiative’s Global Roundtable 2022 heard yesterday.

New Guidance on Net Zero Infrastructure Assets

Chris Hall

The Institutional Investors Group on Climate Change (IIGCC) has published new guidance for asset owners and managers to align their infrastructure assets with a net zero by 2050 pathway. . The post New Guidance on Net Zero Infrastructure Assets appeared first on ESG Investor.

$4 trillion needed by 2030 for net zero goals – World Energy Outlook

Smart Energy International

The energy landscape is in a period of major turmoil and, while there is positive evidence of clean energy progress, for our net zero and climate targets to be reached, policy action and doubling of global investment to $4 trillion by 2030 will be needed.

GFANZ publishes net-zero transition plan guidance

Environmental Finance

The Mark Carney-backed Glasgow Financial Alliance for Net Zero (GFANZ) has published voluntary guidance on net-zero transition plans (NZTPs) for achieving net-zero by 2050 focused on Scope 3 emissions

Terrawatts of solar and a million new jobs: New report crunches net-zero numbers

Renew Economy

New report outlines the scale of Australia's net-zero emissions challenge, but also the significant nation-building opportunities. The post Terrawatts of solar and a million new jobs: New report crunches net-zero numbers appeared first on RenewEconomy.

University of Glasgow - UofG Researchers Support Second Phase of SP Energy Networks Net-Zero Projects

Global Renewable News

Net-zero projects led by SP Energy Networks. Geothermal

How to engage employees on your net zero goal

GreenBiz

Employees are a key part of your company's net-zero plan and sustainability professions should be taking advantage of them

The state of net zero, for now

GreenBiz

Progress by the world’s largest companies in reaching net-zero emissions remains worryingly slow