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Initiative
June 13, 2022
Net zero pledges gain momentum globally but credibility remains in doubt
More than a third of the world’s largest publicly traded corporations have set net zero goals, up from one-fifth in December 2020, according to Net Zero Tracker effort, a global research consortium.
June 08, 2022Korean companies struggle to join RE100 in market short of clean energy
Korea’s major companies appear to have difficulty committing themselves to 100% renewable energy, owing to a lack of solar, wind, and other cleaner energy options, the country’s industry officials said last week.
June 06, 2022Atmospheric carbon levels peak at level not seen for 4 million years
Carbon dioxide in the atmosphere peaked more than 50% higher than pre-industrial levels in May, comparable to levels observed around 4 million years ago, according to the National Oceanic and Atmospheric Administration (NOAA).
May 31, 2022Global carbon pricing schemes brought in US$84 billion in 2021
Global carbon pricing revenue reached US$84 billion in 2021, almost 60% higher than in 2020, providing an important source of funding to support a long-term economic recovery, finance broader fiscal reforms, and invest in communities, according to the Wo
May 30, 2022G7 nations to end carbon emissions from power sector by 2035
The Group of Seven nations announced on Friday that they plan to largely cut greenhouse gas emissions from energy industry by 2035, meaning that these countries wouldn’t be able to burn coal for energy after the date.
May 24, 2022Brazil announces carbon credits market but lacks details
Brazil President Jair Bolsonaro signed a decree on Monday to establish a national carbon market to cut greenhouse gas emissions, stating that “Brazil emerges as a powerhouse in this still new green economy sector.”
May 16, 2022Companies committed to SBTi targets represent $38 trillion economy
A record number of firms are committing to and adopting science-based climate targets, according to a recent report released by the Science-Based Objectives Initiative (SBTi), the global organization that encourages firms to set science-based emissions re
May 06, 2022EU drafts sustainability disclosure standards for businesses
Under the new European Union reporting standards, companies would be required to set a significantly broader range of sustainability targets, Carbon Disclosure Project, a non-profit environmental organization, said on Tuesday.
April 19, 2022Satellite data can help improve transparency in emission reporting
Scientists have developed new methods for comparing national greenhouse gas inventories with independent measurements collected from space, according to new research published in Earth System Science Data.
April 19, 2022BlackRock expects 75% of its assets to be backed by science-based climate targets by 2030
BlackRock announced last week that by 2030, at least 75% of the corporate and sovereign assets it manages on behalf of clients will be in issuers with science-based targets for climate change.