Tag: net zero

Accelerating corporate Australia’s transition to net zero

Accelerating corporate Australia’s transition to net zero

September 21, 2021 |

Australia’s largest corporations are making ambitious commitments to decarbonise, with many announcing plans to become carbon neutral by 2050. The pathways to achieving these goals are likely to be varied and multi-faceted. In the short term, companies can consider procuring renewable sourced energy or purchasing offsets and increasing energy efficiencies, but there are some hard-to-abate areas that will require longer-term solutions.

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Funding Climate Technology to Achieve Net Zero

Funding Climate Technology to Achieve Net Zero

September 20, 2021 |

As the window to prevent irreversible damage to the planet from climate change becomes smaller and technological advances accelerate, they are finally aligning. Innovation is key to delivering net zero carbon emissions. The right investment conditions are now present to enable ground-breaking “climate tech” ideas to come to fruition.

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We are accelerating our transition: Equinor’s CEO Anders Opedal

We are accelerating our transition: Equinor’s CEO Anders Opedal

July 8, 2021 |

We are in the biggest transition our energy systems have ever seen. Renewables are growing rapidly, and over time, oil and gas will play a smaller role. The plan we present today is a strategy to take advantage of the opportunities in the transition. This is not a new direction, but we are accelerating our transition, bringing forward our ambitions while growing cash flow and returns.

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TCS targets net zero emissions by 2030

TCS targets net zero emissions by 2030

June 4, 2021 |

Tata Consultancy Services (TCS), a leading global IT services, consulting, and business solutions organization, has announced its plans to reduce its absolute greenhouse gas emissions across Scope 1 and Scope 2 by 70% by 2025 (over 2016 base year) and to achieve net zero emissions by 2030.

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Beverage company Coca-Cola Amatil joins the RE100 initiative

Beverage company Coca-Cola Amatil joins the RE100 initiative

April 13, 2021 |

Australia headquartered beverage company Coca-Cola Amatil announced that it has joined the global RE100 renewable energy initiative with a target to power its entire operations across six countries through renewables by 2030. Further, it has targeted to achieve 100% renewable energy powered operations by 2025 in Australia and New Zealand.

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India-based ReNew Power targets net zero emissions by 2050

India-based ReNew Power targets net zero emissions by 2050

April 9, 2021 |

India’s leading renewable energy IPP, ReNew Power, has announced its committment to achieve net zero greenhouse gas emissions by 2050. The company’s latest announcement aligns with the ‘Race To Zero’ campaign which is a global alliance committed to achieving net zero carbon emissions through leadership and support from businesses, investors as well as cities and regions.

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Southern California Gas Company sets bold net zero emissions pledge

Southern California Gas Company sets bold net zero emissions pledge

March 24, 2021 |

The Southern California Gas Company (SoCalGas), the largest gas utility in the US, has announced the company’s bold commitment to achieve net zero greenhouse gas (GHG) emissions in its operations and delivery of energy by 2045. This commitment makes SoCalGas the largest gas distribution utility in North America to set a net zero target including scopes 1, 2, and 3 GHG emissions, which would eliminate not only its own direct emissions, but also those generated by customers’ energy delivered by SoCalGas’ energy infrastructure.

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Wells Fargo aims to achieve net-zero greenhouse gase emissions by 2050

Wells Fargo aims to achieve net-zero greenhouse gase emissions by 2050

March 9, 2021 |

Wells Fargo has announced that it has set a goal of net-zero greenhouse gas emissions, including its financed emissions, by 2050. With combating climate change being a major focal point, Wells Fargo has five areas in which it aims to channel its efforts. To help meet the target goal, the company will measure and disclose financed emissions for select carbon-intensive portfolios, set interim emission reduction targets, deploy more capital to finance climate innovation and continue to work with its clients on their own emissions reduction efforts.

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Enviva aims to achieve net zero emissions by 2030

Enviva aims to achieve net zero emissions by 2030

February 18, 2021 |

Enviva, a renewable energy company focusing on sustainable wood bioenergy, has set an aim to achieve net-zero greenhouse gas emissions from its operations by 2030. While all of the fuel utilized in the pellets’ drying operations is already provided by 100 percent renewable resources, Enviva still uses electricity from the grid.

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Corporate renewable electricity sourcing in Europe shows continuous growth

Corporate renewable electricity sourcing in Europe shows continuous growth

December 7, 2020 |

Corporate renewable electricity sourcing in Europe has shown continuous growth despite the COVID-19 pandemic, demonstrating the resilience and potential of Europe’s renewable energy sector. In November 2020, the cumulative contracted volume of corporate renewable power purchase agreements (PPAs) in Europe reached the 11 GW mark, up from just 2.2 GW by the end of 2016 and with a record 3 GW contracted in 2020 alone.

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Scenarios for the Energy Transition: IRENA’s report on Global experience and best practices

Scenarios for the Energy Transition: IRENA’s report on Global experience and best practices

September 23, 2020 | ,

The report “Scenarios for the Energy Transition” assesses a collection of recommendations and country experiences gathered through the activities of the LTES campaign and the LTES Network. The report covers how scenarios can better account for potentially transformational changes and how they can be better used for strategic decision-making by governments and investors.

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Pursue a renewables-based strategy for industry & transport sectors: IRENA

Pursue a renewables-based strategy for industry & transport sectors: IRENA

September 22, 2020 |

While the solutions and policy measures needed for some sectors – including power and passenger vehicles – look relatively clear (although still challenging), there are seven industry and transport sectors which will be the hardest to decarbonise. Those seven sectors will account for 38% of energy & process emissions and 43% of final energy use by 2050 unless major policy changes are pursued.

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