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Initiative
April 18, 2022
Foxconn to buy 70 million kWh of green energy in Taiwan by 2030
Foxconn, Taiwanese electronics manufacturing giant, has signed an agreement on Friday with Foxwell Power, a subsidiary of solar power supplier Shinfox Energy, to procure 2.36 million kWh of green electricity this year.
April 13, 2022Clean energy investment soared 50% as governments ramp up economic recovery
Clean energy investment in recovery plans for the Covid-19 crisis has increased by 50% in last five months and currently surpasses US$710 billion globally, according to International Energy Agency’s evaluation report released on Tuesday.
April 13, 2022Science Based Targets initiative develops net-zero standard for financial institutions
The Science Based Targets initiative (SBTi), a global organization that helps businesses set emissions reduction goals based on climate science, is developing a standard for financial institutions to set net-zero goals.
April 11, 2022IPCC cites cryptocurrency as factor of ‘future climate risks’
The Intergovernmental Panel on Climate Change (IPCC), a United Nations entity tasked with analyzing climate change science, has published a new report last week in which it cited cryptocurrency as one of the technologies that might require more energy and
April 11, 2022Atmospheric methane saw record surge in 2021, US NOAA says
The National Oceanic and Atmospheric Administration (NOAA) said on Thursday that atmospheric methane continued rising in 2021, setting another new record for the second year in a row.
April 08, 2022Maersk pledges to net zero steel by 2040 in a bid to reduce carbon footprint
After committing to achieving carbon neutrality by 2040 in January, Maersk, the world’s largest shipping company, has joined SteelZero to use 100% net zero steel by 2040.
March 18, 2022Kingspan introduces first internal carbon fee towards net zero manufacturing goal
Kingspan, an Ireland-based building materials company, recently published its annual sustainability report, according to which the company will implement its first internal carbon fee next year, at a price of 70 euros per tonne of carbon dioxide equivalen
March 14, 2022Mumbai becomes first South Asian city to set net-zero roadmap
Mumbai, India's financial hub, has unveiled its first ever Climate Action Plan as part of India’s pledge to achieve carbon neutrality by 2070. Under the plan, the city aims to reach net zero carbon emissions by 2050, becoming the first Southeast Asian cit
March 09, 2022SBTi shuts door on carbon target validation for fossil fuel firms and suppliers
The Science Based Targets initiative (SBTi), one of the key organizations focused on aligning corporate environmental sustainability action, has made change to its criteria and will no longer accept pledges or validate targets from fossil fuel companies.
February 24, 2022Global energy sector emits 70% more methane than they report: IEA
The International Energy Agency (IEA) published on Wednesday its 2022 Global Methane Tracker report, indicating that methane emissions from the global energy sector are 70% higher than official figures, with the coal sector identified as the largest singl