Study: Major firms may be performing worse than they think against net zero goals

A global team of academics claims to have developed a more accurate model to measure businesses’ progress against the climate goals set out by the Paris Agreement, having today released the findings of a pilot study revealing how major corporates may be performing worse than they think against their net zero targets. Published today in … Read more

‘This is a BFD’: Senate passes landmark climate bill that promises to slash emissions by 2030

The US Senate yesterday broke decades of Congressional deadlock to pass sweeping climate legislation, which promises to turbocharge the deployment of clean and low carbon infrastructure levels across the US and deliver a 40 per cent reduction in the country’s greenhouse gas emissions against 2005 by 2030. Following months of tense internal wrangling and a … Read more

Net Zero Tracker: Listed companies must reduce carbon intensity 10 per cent a year meet Paris Agreement goals

The world’s listed companies must each reduce their carbon intensity by eight to 10 per cent every year until 2050 if the 1.5C target set out in the Paris Agreement is to be met, according to the latest Net Zero Tracker report from investment research firm MSCI. The latest edition of the report, which was … Read more

IEA: Clean tech drives record-breaking energy investment

Surging investment in clean energy, energy efficiency, and electricity grids is set to push clean energy spending to a record high in 2022, according to the latest figures from the International Energy Agency (IEA). The IEA’s World Energy Investment 2022 Report, published yesterday, predicts that global energy investment is to increase by eight per cent … Read more

Study: Alps could lose half its ‘snow days’ by end of the century

Skiers in the Alps could enjoy only half the number of days of snow cover by the end of the century as a result of higher temperatures if greenhouse gas emissions remain at high levels, according to a study published today in the journal Hydrology and Earth Sciences. Such a sharp reduction in the number … Read more

Progress and disappointment: Bonn Conference kicks off new era for global climate talks, but same old stand-offs persist

Fortnight-long meeting has made progress on a number of technical issues, but disagreements over climate finance are now set to dominate the COP27 Climate Summit The latest Bonn Climate Conference came to a close yesterday after two weeks of intense talks, simultaneously marking both the end of one era and the beginning of another for … Read more

Schroders backs shareholder demands for emissions cuts from oil and gas giants

Asset management giant Schroders is urging oil and gas giants to set climate targets in line with the Paris Agreement, as part of a push to encourage a faster transition to net zero emissions. The investor yesterday announced it was pre-declaring its voting intentions for upcoming shareholder resolutions at Chevron, ExxonMobil, and Shell, which aim … Read more