News

The European Commission is set to propose a scheme to certify removals of carbon dioxide from the atmosphere as part of the efforts to achieve net-zero emissions by mid-century, according to a leaked proposal seen by EURACTIV.

Microsoft and Google have both signed new agreements for using more renewable energy sources for their datacenters as part of efforts to lower their IT operations’ carbon footprint.

Oxfam, a poverty alleviation organization, found that the investments of 125 of the world’s richest individuals have a carbon footprint equivalent to the emissions of France.

While more than 34% of the world’s largest companies are now committed to net zero goals, 93% will fail to meet their targets, if they don’t at least double the rate of emissions reduction by 2030, according to a new report from Accenture.

Carbon Capture and Storage (CCS) facilities under development has grown 44% on year to 244 million tonnes per annum in the past 12 months, according to a new report from the Global CCS Institute.

Using cheap carbon offsets to meet net zero targets could curb companies’ efforts to cut emissions and slow the delivery of climate goals, Britain’s climate change advisers said on Thursday.

To reach net-zero emissions by 2050 and limit global warming to 1.5C temperature, investment in renewable energy sources needs to exceed finance flows to fossil fuels by a factor of four over the next decade, according to a report published by BloombergNE

Decarbonizing the iron and steel industry requires $1.4 trillion of investment, of which $250 billion is for carbon credits, according to Wood Mackenzie’s latest report, Pedal to the Metal: Iron and steel’s $1.4 trillion shot at decarbonization.

Foxconn has pledged to reach net zero carbon emissions for its operations in Taiwan by 2030, and to support more than 100 major suppliers in switching to 100% renewable energy by 2050, according to the electronics giant’s 2021 CSR report.

According to a new study, only 33 major shipping firms have a publicly stated goal of achieving net zero by 2050 or have committed to IMO targets of 50% absolute reduction in 2050 compared to 2008, which accounts for 35% of the world’s 94 largest shipping