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Waterford Ireland Joins Mayors Covenant to Cut Emissions (Int'l.)
Waterford Ireland,Covenant of Mayors for Climate & Energy
Date: 2020-07-01
In Ireland, the Waterford City & County Council reports it has joined the Covenant of Mayors for Climate & Energy and committed to cutting CO2 emissions within its administrative area by at least 40 pct by 2030 through improved energy efficiency and greater use of renewable energy sources and increasing its resilience by adapting to the impacts of climate change.

The Covenant of Mayors commit to preparing a Baseline Emission Inventory and a Climate Change Risk and Vulnerability Assessment and submit a Sustainable Energy and Climate Action Plan. They also pledge to mainstream mitigation and adaptation considerations into relevant policies, strategies and plans. The Council will be required to report on the implementation of its Sustainable Energy and Climate Action Plan every two years. (Source: Waterford City & County Council, WaterfordLIve, 29 June, 2020) Contact: Waterford City & County Council, +353 76 110 2020, www.waterfordcouncil.ie; Covenant of Mayors for Climate & Energy, www.globalcovenantofmayors.org

More Low-Carbon Energy News Covenant of Mayors for Climate & Energy ,  


PwC UK Surveys CEOs on Climate Crisis, Business Threats (Int'l.)
PwC
Date: 2020-01-22
A recent PricewaterhouseCoopers (PwC) pole of more than 1,500 worldwide major corporate leaders has found that climate change concerns have "soared up the CEO agenda".

The survey found that 64 pct of CEOs in the UK believe climate change is a threat to their organization, with a quarter stating that they were "extremely concerned" about the issue -- tripling 2016 levels when just 7 pct of UK CEOs said they were extremely concerned.

On the up side, more than half of respondents agreed that climate change initiatives will lead to significant new product and service opportunities, while almost three-quarters of UK CEOs -- and a similar proportion of global CEOs -- believe their response to climate change initiatives will provide a public opinion advantage among key stakeholders. Even so, 54 pct of UK CEOs said they do not believe they are seeing changes in international policies that will mitigate climate change risks while 21 pct of UK CEOs believe they are seeing effective change in this area on the domestic front -- well below the global average of 36 pct. (Source: PwC, Various Media, BusinessGreen, 20 Jan., 2020) Contact: PwC, Emma Cox, UK Leader for Climate Change and Sustainability, +44 (0)20 7583 5000, +44 (0)20 7212 4652 - fax., www.pwc.co.uk

More Low-Carbon Energy News limate Change,  PwC,  


NZ Enacts Zero Carbon Climate Change Legislation (Int'l Report)
New Zealand
Date: 2019-11-08
In Wellington, the Liberal Government of New Zealand is reporting passage of a bipartisan Zero Carbon bill aimed at combating climate change and achieving carbon neutrality by 2050.

The bill requires all greenhouse gases except methane from animals to be reduced to net zero by 2050. Methane emissions would be reduced by 10 pct by 2030 and 50 pct by 2050.

The legislation establishes a Climate Change Commission to advise the government which has committed to plant 1 billion trees over 10 years and to ensure that the electricity grid runs entirely from renewable energy by 2035. The bill also aims to fulfil New Zealand's obligations under the landmark 2015 Paris climate agreement. (Source: Daily Independent, Others, Nov., 2019) Contact: New Zealand Climate Change Minister, James Shaw, www.beehive.govt.nz/minister/hon-james-shaw

More Low-Carbon Energy News Climate Change Risk,  New Zealand Climate Change,  Climate Change Mitigation,  


NZ Climate Change Risk Assessment Framework Released (Int'l.)
National Climate Change Risk Assessment
Date: 2019-09-23
Reporting from Wellington, the New Zealand Climate Change Minister James Shaw has released a framework for the upcoming National Climate Change Risk Assessment (NCCRA).

Aimed at identifying national level climate change adaptation and mitigation opportunities, the framework includes 17 categories of climate-related hazards most likely to "result in substantial risks to the nation's well being", including warmer temperatures, sea-level rise, ocean chemistry changes, increased fire risk and coastal erosion. It also includes the effect those hazards have on both physical and non-physical assets.

The framework is intended to "improve the ability of decision-makers to make informed decisions in the presence of inevitable and, in some cases, substantial and irreducible uncertainty" and to "improve other stakeholders' understanding and foster and support the broader public interests in the quality of the decision-making process," according to the Minister. (Source: Radio New Zealand, 19 Sept., 2019) Contact: National Climate Change Risk Assessment, www.mfe.govt.nz/climate-change/assessing-climate-change-risk

More Low-Carbon Energy News Climate Change Risk,  New Zealand Climate Change,  Climate Change Mitigation,  


Canadian Climate Risks, Adaptations Identified (Ind. Report)
Council of Canadian Academies
Date: 2019-07-10
At the Treasury Board of Canada Secretariat's request, an expert panel convened by the Council of Canadian Academies (CCA) has identified and prioritized Canada's top climate change risks and determined that many costs and damages could be avoided with prompt and thoughtful adaptation.

The panel's report identifies the following areas of risk: agriculture and food, coastal communities, ecosystems, fisheries, forestry, geopolitical dynamics, governance and capacity, human health and wellness, Indigenous ways of life, northern communities, physical infrastructure, and water. The report outlines a multi-layered method of prioritizing adaptation measures based on an understanding of the risk, adaptation potential, and federal roles and responsibilities.

Download the report HERE. (Source: Council of Canadian Academies, Eric M. Meslin, PhD, CEO, Tijs Creutzberg 613-567-5000 ext. 232, tijs.creutzberg@cca-reports.ca, info@cca-reports.ca, www.scienceadvice.ca

More Low-Carbon Energy News Climate Change,  Climate Change Mitigation,  Climate Change Adaptation,  


UK Parliament Pension Rethinking Fossil Fuel Investments (Int'l)
Carbon Emissions
Date: 2019-04-10
The Guardian is reporting Trustees of the UK Parliamentarian's pension fund are reconsidering rules of investments to take climate change risks into account,. but not excluding fossil fuel and other high emissions organizations, in their investment decisions. At the same time, the Trustees are not committing to fully divest from high emission operations fossil fuels, but will consider such a move.

According to the Guardian report, nearly two-thirds of the UK's university and other public pension funds have either divested or reformed their rules, though some have retained their fossil fuel focus despite strong public pressure.

Presently, five of the fund's top 20 investments, representing more than £20 million are in fossil fuel companies including the UK-based BP, which makes up the biggest single shareholding by the fund. Others include Royal Dutch Shell and the French company Total. (Source: Business Green, Article first appeared in the Guardian, April, 2019) .

More Low-Carbon Energy News Carbon Emissions,  Fossil Fuels,  


Mass. Communities Receiving Climate Change Risk Assessment, Mitigation Cash (Funding)
Mass. Energy and Environmental Affairs
Date: 2018-06-11
In the Bay State, the communities of Framingham, Marlborough, Sudbury and Wayland are among 82 Massachusetts cities and towns that will receive cash from the Massachusetts Municipal Vulnerability Preparedness program. Nearly half of all cities and towns in the state will receive grant funding this year through the 2017 vintage MVP program.

The payment is intended to assess each communities vulnerability to climate change and to develop resiliency plans using the technical support, climate change data and planning tools provided by the state. Grant funding will also allow participants to hire state-certified consultants, who will use a standardized tool kit to assess potential future risks.

The program is being funded with $5 million this year, of which $3 million will be provided in the form of grants to communities that complete the planning process. (Source: Energy and Environmental Affairs Secretary Matthew Beaton Wicked Local Wayland, 9 June, 2018) Contact: Mass. Energy and Environmental Affairs Secretary Matthew Beatonh, www.mass.gov/orgs/executive-office-of-energy-and-environmental-affairs

More Low-Carbon Energy News Climate Change,  Climate Change Mitigation,  


CDP Reports Emissions Cuts Saved Companies $14Bn in 2017 (Int'l)
CDP
Date: 2018-02-21
According to the environmental disclosure platform CDP's Closing the Gap: Scaling up Sustainable Supply Chain Practices report, major global companies significantly reduced greenhouse gas (GHG) emissions in their supply chains and saved approximately $14 billion as a result of emission reduction activities in 2017. The report is based on climate, water and deforestation-related data collected from over 4,800 companies, and points to increased awareness of climate change-related risks and opportunities down the supply chain.

According to the findings, carbon emissions in supply chains are four times greater than those of a company's direct operations. Of those responding to CDP, over 75 pct of suppliers identified some climate change risks to their business, and more than 50 pct said they have integrated climate change into their business strategies. The number of companies that address emissions in their supply chains doubled within a year, with emission reductions totaling 551 million metric tonnes of CO2.

The report also compares the efforts of suppliers in eight major economies to mitigate environmental risk. It finds that 80 pct of companies in France are likely to have climate change integrated into their businesses. Japanese companies have the highest rates of disclosure, and are the most likely to set emissions reduction targets. Of the organizations on the Supplier Engagement leader board, 33 pct are from the US, followed by 15 pct from the UK. (Source: CDP, PR, UNFCCC, Feb., 2018) Contact: CDP, Lance Pierce, Pres. North America, (212) 378 2086, info.northamerica@cdp.net, www.cdp.net

More Low-Carbon Energy News CDP,  Carbon Emissions,  CO2,  


Veridium Lab Launching $150Mn Environmental Market Carbon Credit Offering (Int'l Report)
Veridium Labs
Date: 2017-08-30
In Hong Kong, environmental technology startup Veridium Labs reports it aims to raise $150 million in October through the sale of tokens backed by forest Carbon Offset Credits (Carbon Credits) and other credits used to fund environmental mitigation efforts. Proceeds will be used to build a platform to enable trading of assets backed by "natural capital" -- air, water, forests, and minerals -- an untapped and undervalued asset class that academics from several U.S. universities have estimated is worth more than $120 trillion.

Veridium will issue two types of tokens. VERIDIUM membership tokens will grant access to the trading platform while TGR tokens represent actual environmental mitigation credits. Some companies purchase the credits voluntarily while other credits, such as wetland or stream credits, are required by the U.S. EPA and other regulators. Pension funds and investment firms are the major drivers of environmental mitigation credits, as they try to ensure the companies they invest in are socially responsible, according to Veridium.

There will be 15 million "TGR" tokens at the initial offering, backed by REDD+ forest carbon offset credits issued by Infinite Earth and backed by natural assets from the Rimba Raya Biodiversity Reserve in Borneo, Indonesia. Infinite Earth currently holds a 60-year lease on the Indonesian biodiversity reserve.

Veridium Labs Ltd., a joint-venture between ConsenSys AG and EnVision Corporation, is an Environmental FinTech company offering a real-world application of blockchain technology that uses the cryptographic environmental mitigation offsets issued through the Veridium Network to create an entirely new asset class of commodities with net positive environmental impacts. Veridium Labs is responsible for creating enterprise solutions for corporations that will drive demand for the tokenized natural capital assets issued on the blockchain through the Veridium Network. The company is currently working on climate change risk mitigation products for institutional portfolio management companies, pension funds and endowments as well as creating sustainable supply chain solutions for Fortune 100 & 500 companies. (Source: Veridium Labs, NYTimes, Others, 28 Aug., 2017) Contact: Veridium Labs, Todd Lemons, CEO, +852-5808-0007, (980) 202-0297, www.veridium.io

More Low-Carbon Energy News Carbon Credit,  Carbon Offset Credits ,  REDD+,  Reforestation,  


New Zealand Super Fund Shifts to Low Carbon Investments (Int'l)
New Zealand Super Fund
Date: 2017-08-21
Reporting from Aukland, the NZ$35 billion ($25.6 billion) New Zealand Superannuation Fund (NZ Super Fund) has announced that its NZ$14 billion global passive equity portfolio has been moved into low-carbon investments and thus cut the Fund's overall carbon footprint.

The move is part of the Fund management's strategy to address climate change investment risk. As of June 30, the Fund's total carbon emissions intensity is 19.6 pct lower, and its exposure to carbon reserves is 21.5 pct lower, than if the changes had not been made.

The low-carbon portfolio is based on a carbon measurement methodology for listed equities developed by the fund's trustees in concert with MSCI ESG Research which provided independent carbon data and company ratings. The fund is also advancing other climate change strategies including incorporating climate change risk into its investment analysis, engaging with portfolio companies to promote better risk management, and identifying new investment opportunities from the global transition to a low-carbon economy. (Source: NZ Super Fund, NZ Chief Investment Officer, 18 Aug., 2017) Contact: NZ Super Fund, Adrian Orr, CEO, enquiries@nzsuperfund.co.nz, www.nzsuperfund.co.nz

More Low-Carbon Energy News Low Carbon Energy,  

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