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Japanese Loan to Support Indian Green Projects (Int'l. Report)
Japan International Cooperation Agency
Date: 2021-04-05
In Tokyo, the Japan International Cooperation Agency (JAIC) reports it will loan up to ¥10 billion ($90 million)to India's Tata Cleantech Capital Ltd. -- a joint venture between Tata Capital and the World Bank-backed International Finance Corporation (IFC). Tata Cleantech Capital Ltd. will use the funds to provide "green loans" to companies that focus on energy efficiency, renewable energy , and others aimed at cutting carbon emissions and mitigating the impact of climate change.

Tata Cleantech Capital has to date contributed to the development of 9.8 million kilowatts renewable energy and the reduction of 15.1 million tons of carbon dioxide. India has pledged to reduce greenhouse gas emissions per GDP by 33 to 35 pct by 2030 from the 2005 level under the 2015 Paris Climate Agreement. (Source: Japan International Cooperation Agency, PR, Kyodo News, 3 Apr., 2021) Contact: Japan International Cooperation Agency, www.jica.go.jp; Tata Cleantech Cap., www.tatacapital.com/tccl.html

More Low-Carbon Energy News Japan International Cooperation Agency,  Renewable Energy ,  


USGC Helps Ensure Ethanol's Environmental Role in Fuel Recovery (Opinions, Editorials & Asides)
U.S. Grains Council
Date: 2021-03-24
"As fuel demand begins its recovery around the world, the U.S. Grains Council (USGC) is taking steps to ensure ethanol will continue to expand as a part of policy solutions that address greenhouse gas (GHG) emissions and offer a comprehensive portfolio of other benefits including air quality improvement and economic value.

"USGC's ethanol team and consultants offered an update this week to the Council's Ethanol Advisory Team the member-driven group of grain producers and agribusiness representatives that identify opportunities, set priorities and chart the course of the Council every year, giving them background on ethanol's role in the Paris Agreement -- of which the US is again a member -- explaining what it means to have the U.S. rejoin and presenting an outlook for ethanol as it relates to the Paris Agreement as whole.

"As many countries have listed their transportation sectors and named biofuels or ethanol specifically to contribute to overall emissions reductions outlined in the Paris Agreement, the case can be made for U.S. ethanol to help meet these countries' global initiatives.

"Even with policies in place some countries are not meeting the intended goals or mandates, leaving room for further GHG emissions reductions. India for example has recently announced its national plan to blend 20 pct ethanol nationwide by 2025. In the most recent market year, it blended just above a 5 pct rate from a nationwide average standpoint. Filling in that blend gap will be critical to fully realize these benefits. Identifying these gaps and demonstrating the benefit and how to fill them is an ongoing role the Council provides with its global partners.

"For instance, new research from Environmental Health and Engineering Inc. demonstrates that U.S. corn-based ethanol cuts GHG emissions by 46 pct providing benefits nationally, but also globally, as ethanol trade expands. In terms of emissions reductions, this means the U.S. saved more than 4 million metric tons of carbon dioxide equivalent in 2020 from ethanol exports alone and could provide other countries a pathway to meeting their own Paris Agreement commitments.

“Elevating the contribution that ethanol has already made to abate emissions globally is critical, and these reductions are expected to continue as further investment in abatement technologies take place and policies expand around the globe." (Source: U.S. Grains Council, PR, Website, Mar., 2021) Contact: US Grains Council, Brian D. Healy, Director Global Ethanol Market Dev, Bryan Jernigan, bjernigan@grains.org, www.grains.org

More Low-Carbon Energy News U.S. Grains Council,  Paris Climate Agreement,  Ethanol ,  


Apple's Green Bonds Support Renewable Energy (Ind. Report)
Apple, Green Bond
Date: 2021-03-19
IT giant Apple reports it funded 17 Green Bond renewable energy projects that avoided an average of 921,000 metric tpy of carbon emissions in 2020 as part of its planned $4.7 billion Green Bond spend. The projects will generate 1.2 GW of renewable energy globally, with Apple adding over 350 MW of newly installed renewable energy over the last year in Nevada, Illinois, Virginia, and Denmark.

In February 2016, Apple issued its first $1.5 billion Green Bond, following up with its second round of $1 billion in June 2017 after the Trump administration announcement of its intention to withdraw from the COP21 Paris Climate Agreement . In November 2019, Apple issued its third set of Green Bonds and its first in Europe, with two bonds each at €1 billion ($2.2 billion US).

Apple has invsted roughly $2.8 billion in projects that address carbon emissions. (Source: Apple, PR, Mar., 2021) Contact: Apple, www.apple com

More Low-Carbon Energy News Apple,  Renewable Energy,  Green Bond,  Carbon Emissions,  


UK Investing £150Mn for Rainforest Preservation (Int'l.)
UK Rainforest
Date: 2021-03-17
In London, the UK has launched its new Mobilising Finance for Forests Programme, a £150 million fund to help protect rainforests equivalent to an area the size of Wales, cut millions of tonnes of carbon emissions and improve the lives of over 600,000 people in tropical forest communities across Africa, Asia and Latin America. The programme will support sustainable land-use projects and protect rainforest regions like the Amazon and Indonesian basins in communities vulnerable to climate change.

This funding will help to remove 28 million tonnes of CO2 from the atmosphere, equivalent to the offsetting London's entire CO2 emissions annually over the next 15 years, through investing in eco-friendly projects like harvesting nuts, seeds, and coffee sustainably, restoring lost forests, diversifying crops to prevent soil erosion, and launching conservation activities -- restoring tropical forests as our most effective and natural carbon capture and storage sinks.

The government program is expected to attract as much as £850 million in private investment, support thousands of green jobs across multiple sectors, such as agriculture, food, and technology in these regions, and to provide 23 pct of the reduction in carbon emissions and climate impacts needed over the next decade to meet the goals set in the Paris Climate Agreement. (Source: UK Ministry of State, PR, 12 Mar., 2021) Contact: UK International Environment Minister Lord Goldsmith , www.gov.uk/government/people/zac-goldsmith

More Low-Carbon Energy News Rainforest,  Reforestation,  Climate Change,  Deforestation,  


CIBC Joins Partnership for Carbon Accounting Financials (Ind. Report)
CIBC
Date: 2021-02-26
Following up on our 16 Dec, 2020 coverage, in Toronto, the Canadian Imperial Bank of Commerce (CIBC) reports it has joined the Partnership for Carbon Accounting Financials (PCAF), an initiative led by the financial industry to develop a harmonized global standard to measure and disclose the greenhouse gas emissions (GHG) of loans and investments. Using jointly developed GHG accounting methodologies will help the bank align its targets with the Paris Climate Agreement, according to the bank release.

In 2019, CIBC committed $150 billion in support of environmental and sustainable finance activities by 2027 and has to date achieved 28 pct of this goal. The bank also issued the climate-related disclosure report Building a Sustainable Future aligned with the Task Force on Climate-Related Financial Disclosures.

In 2020, CIBC issued a $500 million(US), five-year green bond to help finance new and existing green projects, assets, and businesses that mitigate the risks and effects of climate change. These include renewable energy, green buildings, clean transportation, natural resource conservation, biodiversity conservation, energy efficiency, and pollution prevention and control. Also in 2020, CIBC ranked among the top-tier of global banks for climate change action by the Carbon Disclosure Project (CDP).

CIBC, which recently became the first Canadian bank to join RMI's Center for Climate-Aligned Finance, has more than 10 million personal banking, business, public sector and institutional clients and $768.545 billion (Cdn) in total assets. (Source: CIBC, Website News, Feb., 2021) Contact: CIBC, Nima Ranawana, 647-456-4556, nima.ranawana@cibc.com, www.cibc.com; Partnership for Carbon Accounting, www.carbonaccountingfinancials.com

More Low-Carbon Energy News CIBC,  Carbon Emissions ,  Partnership for Carbon Accounting,  


Tikehau Low-Carbon Energy Transition Fund Raises €1Bn (Funding)
Tikehau Capital
Date: 2021-02-24
Paris-headquartered global alternative asset management group Tikehau Capital reports completion of fundraising for its T2 Energy Transition investment strategy outperformed its original fundraising goals with over €1 billion raised. The T2 fund is one of the leading and largest global growth private equity vehicles singularly committed to enabling the transition towards a low-carbon economy and fighting global warming to help reach the goals of the 2015 Paris Climate Agreement.

To date, T2 Energy Transition investment strategy has invested €440 million in 6 SMEs focused on clean energy generation, low-carbon mobility and energy efficiency. T2 fund portfolio companies have provided goods and services that, over their lifetime, will avoid one million tons of CO2 from being emitted, according the Tikehau release.

Tikehau Capital had € 28.5 billion of assets under management as of 31 December 2020. (Source: Tikeau Capital, PR, 23 Feb., 2021) Contact: Tikehau Capital, Louis Igonet , +33 1 40 06 11 11, shareholders@tikehaucapital.com, www.tikehaucapital.com

More Low-Carbon Energy News Low Carbon Energy,  Climate Change,  Paris Climate Agreement,  


EU "Surgical" Carbon Border Tax Proposed (Int'l. Report)
European Commission
Date: 2021-02-17
In Brussels, the European Commission (EC) will reportedly propose a highly targeted carbon border adjustment mechanism (CBAM) this year that will focus on imports from countries that are not acting to reach climate neutrality by mid-century, according to green deal chief Frans Timmermans.

As previously reported, Russian Security Council Deputy Chairman Dmitry Medvedev has called for a EU carbon border tax to comply with international agreements on climate. "If the tax is imposed, there should definitely be an effort to keep it in compliance with the EU framework convention on climate and Paris Climate Agreement. We have to hold bilateral talks on this with the EU and via dedicated international platforms, such as the WTO, the agencies that deal with climate change and relevant conventions," Medvedev noted while speaking at a meeting on the potential impact of the tax on Russia.

The EC proposed climate legislation requiring the EU to become climate-neutral by 2050 as part of the European Green Deal. This follows the December 2019 EC decision to endorse the 2050 climate-neutrality objective. On 17 September, the Commission amended its proposal to incorporate a new 2030 emissions reduction target. (Source: EC, PR, Feb., 2021) Contact: EU, www.europa.eu; European Commission, ec.europa.eu

More Low-Carbon Energy News European Green Deal,  European Commission,  Carbon Tax,  Border Carbon Tax,  Frans Timmermans,  


France Exceeded 2019 CO2 Reduction Target (Int'l. Report)
Carbon Emissions
Date: 2021-02-08
Following up on our 3 Jan coverage -- Guilty as Charged! -- €1 Fine for Climate Inaction, the French Environment Ministry has acknowledged France failed to meet its target for reducing carbon emissions in 2019 with the caveat that the country's climate change progress has been "underestimated."

"In 2019, France kept its climate commitments and that's excellent news," the Ministry said announcing that emissions fell by 1.7 pct that year, exceeding the target of 1.5 pct.

In June 2020, the national emissions inventory agency CITEPA estimated that France produced 437 million tonnes of CO2 equivalent in 2019, which represented a drop of only 1 pct from the previous year. But the environment ministry noted CITEPA has since revised its estimate to 441 million tonnes, a fall of 1.7 pct.

Under the 2015 Paris Climate Agreement, France pledged to cut emissions by 40 pct by 2030 compared with 1990 levels, and aims to become carbon neutral by 2050. (Source: French Environment Ministry, AFP, Space Daily, 7 Jan., 2021) Contact: French Environment Ministry, +33 140812122, www.ec.europa.eu/environment/ecoap/etv/ministry-ecology-sustainable-development-and-energy_en

More Low-Carbon Energy News Paris Climate Agreement,  Carbon Emissions,  


Philly Passes Bldg. Energy Performance Legislation (Ind. Report)
Philadelphia
Date: 2021-01-13
In the Keystone State, Philadelphia City Council reports passage of Bill #190600 creating a new Building Energy Performance Program -- a key step toward meeting the mayor's commitment to cutting carbon pollution 25 pct by 2025 in line with the goals of the Paris Climate Agreement. When implemented, it will cut the city's carbon pollution by nearly 200,000 metric tons -- climate pollution equivalent of taking 40,000 automobiles off our roads.

The Building Energy Performance Policy mandates all non-residential buildings 50,000 square feet and larger to either submit a certification of high energy performance to the City's Office of Sustainability or conduct a tune-up to bring existing building energy systems up to a state of good repair.

To quantify potential cost savings, the City recently conducted a pilot tune-up on the Juvenile Justice Center in West Philadelphia and found that an initial $12,000 investment will result in $24,000 in annual energy savings. Citywide, the Building Energy Performance Program will result in millions of dollars in cost savings for building operators and tenants and lead to an estimated 600 new careers in the clean economy, according to the release.

A requirement for large buildings to tune-up existing systems was a key recommendation from Powering Our Future: A Clean Energy Vision for Philadelphia, a report published by the Office of Sustainability last year to help set goals toward a long-term commitment to cut carbon pollution 80 pct by 2050. (Source: City of Philadelphia, PR, Website, Jan., 2021)Contact: Philadelphia Office of Sustainability, Christine Knapp, Dir., (215) 686-6210, sustainability@phila.gov; www.phila.gov/departments/office-of-sustainability

More Low-Carbon Energy News Philadelphia Energy Authority,  Energy Efficiency,  Building Energy Performance,  


Xi Jinping Reiterates China's Climate Change Position (Int'l.)
China Climate Change
Date: 2020-12-14
Speaking at last week's virtual UN Climate Ambition Summit, Chinese President Xi Jinping reiterated his previously reported Sept. pledge to peak China's carbon dioxide emissions before 2030 and reach carbon neutrality by 2060.

The Chinese President added China, the world's largest GHG emitter, would cut CO2 per unit of GDP by 65 pct by 2030, from a 2005 baseline, and increase its forest stock by six billion cubic meters over the same time-frame. The cuts in carbon intensity are expected to be be achieved through an increased reliance on renewable energy.

The virtual summit -- hosted by the UN alongside the UK, France, Italy and Chile -- was a "launch-pad" event for nations and businesses to announce enhanced climate pledges as part of the Paris Agreement, and marks five years since the landmark treaty was brokered at COP21. (Source: Various Media, 12 Dec., 2020)

More Low-Carbon Energy News COP21,  Paris Climate Agreement,  China Climate Change,  


Warsaw Joins EBRD Green Cities Framework (Int'l. Report)
EBRD Green Cities Framework
Date: 2020-12-07
The Polish capital city of Warsaw last week announced it is joining the EBRD Green Cities Framework in cooperation with Taiwan and the European Bank for Reconstruction and Development (EBRD).

Partly sponsored by the TaiwanBusiness-EBRD Technical Cooperation Fund, the Green Cities Framework aims to achieve the carbon reduction targets set by the Paris Climate Agreement and attract foreign investment by strengthening environmental protection, reducing emissions and conserving energy. The EBRD regions are home to vibrant and diverse cities that span across central Europe to Central Asia, the Western Balkans and the southern and eastern Mediterranean region, according to the EBRD Green Cities website. (Source: City of Warsaw, Taiwan News, 5 Dec., 2020) Contact: EBRD Green Cities Framework, greencities@ebrd.com, www.ebrdgreencities.com

More Low-Carbon Energy News EBRD,  Green Cities,  Energy Management,  Energy Conservation,  Energy Efficiency,  


NZ Promises Carbon-Neutral Government by 2025 (Int'l. Report)
New Zealand
Date: 2020-12-04
In Wellington, New Zealand's Prime Minister Jacinda Ardern reports her government's recently declared "climate emergency" was based on the Intergovernmental Panel on Climate Change's findings that New Zealand's emissions would need to fall by around 45 pct from 2010 levels by 2023 and reach zero by around 2050.

To meet its goal, the government promised the public sector will achieve carbon neutrality by 2025. Government agencies would be required to measure and report emissions and offset any they can't cut by 2025.

The Prime Minister's first term Zero Carbon Bill banned new offshore oil and gas exploration, but exempted agriculture from emissions regulations. Nearly half of New Zealand's greenhouse gas emissions, mainly methane, come from agriculture.

As we reported in July, the New Zealand Ministry for the Environment (MfE) is projecting the country's net greenhouse gas emissions will peak at 72.04 million tonnes of CO2 equivalent (Mt CO2e) in 2025 -- more than double 1990 levels.

Although these figures do not take into account the impact of the recently-strengthened Emissions Trading Scheme, the impact of that policy is expected to be limited over the next decade -- in 2030, net emissions will be 64.01 Mt CO2e with the stronger ETS as opposed to the 66.07 Mt CO2e projected in the MfE figures. They will also be well above where they need to be for New Zealand to meet its commitment under the Paris Climate Agreement. (Source: New Zealand Ministry for the Environment, newsroompro, Reuters, Dec., 2020) Contact: New Zealand Ministry for the Environment, www.mfe.govt.nz

More Low-Carbon Energy News New Zealand,  Carbon Emissions,  Climate Change,  Carbon Neutral,  Methane,  


Xi Calls for G-20 Paris Climate Agreement Implementation (Opinions, Editorials & Asides)
G20
Date: 2020-11-23
Addressing the G-20 Leaders at the Riyadh Summit via video link, Chinese President Xi Jinping called on the G-20 countries to take the lead in tackling climate change, follow the guidance of the UN Framework Convention on Climate Change (UNFCCC) and push for the full and effective implementation of the Paris Climate Agreement.

Xi also reaffirmed China's commitment to striving to peak carbon dioxide emissions by 2030 and achieve carbon neutrality by 2060. Xi noted "China has put in place the world's biggest clean energy system, and will pursue clean, low-carbon, safe and efficient use of energy and accelerate the growth of new energy and green industries to promote greener economic and social development in all respects."

Xi added China supports deepening G-20 cooperation in reducing land degradation, conserving coral reefs, and cleaning up plastic from the ocean.

While 19 of the G20 member country leaders were listening to Xi, the soon-to-be former U.S. President Donald Trump was tweeting and playing golf! Enough is Enough. (Source: G20, MINT, Various Media, 23 Nov., 2020)Contact: G20, www.g20.org; UNFCCC, Monique Nardi, mnardi@unfccc.int, www.unfccc.int

More Low-Carbon Energy News G20,  Climate Change,  Paris Climate Agreement,  UNFCCC,  


Emera Inc. Provides ESG Progress Update (Ind. Report Attached)
Emera
Date: 2020-10-19
Halifax, Nova Scotia-headquartered energy services firm Emera Inc. is reporting an update of its Environmental, Social and Governance (ESG) sustainability report and the company's commitment to cleaner and renewable energy while increasing reliability and affordability.

To date this year the company reports a 35 pct reduction in greenhouse gas (GHG) emissions across operations from 2005 levels and an increase in installed renewable energy capacity from 832 MW in 2018, to 1,107 MW. The report notes Emera's Nova Scotia Power unit delivered one of the fastest transitions to cleaner energy in Canada and has already achieved GHG reductions that exceed Canada's COP 21 Paris Climate Agreement commitments. Additionally, the utility boasts one of the highest integrations of wind energy in North America at 18 pct of total generation. In Florida, Emera has increased its solar capacity at Tampa Electric from nearly zero just a few years ago, to approximately 600MW today, with another 650MW slated for installation by 2023. Of Emera's $7.5 billion capital spending plan through to 2022, 60 pct is committed to cleaner energy initiatives.

Emera Inc., which had approximately $32 billion in assets and more than $6.1 billion in revenue in 2019, primarily invests in regulated electricity generation and electricity and gas transmission and distribution with a strategic focus on transformation from high-carbon to low-carbon energy sources.

Download the Emera Inc. sustainability report HERE. (Source: Emera, PR, Oct., 2020) Contact: Emera, Scott Balfour, President and CEO, www.emera.com

More Low-Carbon Energy News Emera,  Renewable Energy Sustainability,  Carbon Emissions,  Climate Change,  Low-Carbon Energy,  


UN Climate Change Fosters Regional Carbon Pricing (Int'l. Report)
UNFCCC
Date: 2020-10-12
The Collaborative Instruments for Ambitious Climate Action (CiACA) workstream of the UNFCCC has concluded the first series of "virtual" regional dialogues on carbon pricing (REdiCAP) in Latin America, Caribbean, West Africa, East and Southern Africa and South East Asia.

The dialogues aim was to create a platform to provide an opportunity for peer learning to countries that have an interest in carbon pricing instruments, which are crucial to help countries green their economies. The dialogues came at a crucial time with Parties committed to revising their national climate action plans -- Paris Climate Agreement Nationally Determined Contributions (NDCs) -- and willing to explore economic instruments to increase their ambition to tackle climate change.

Several participating countries expressed interest in receiving the support provided through the CiACA initiative to explore the adoption of carbon pricing instruments. In response to a request for support, the CiACA team through the RCCs can assist the targeted institutions in facilitating consultations with key stakeholder and providing technical assistance to identify economic instruments that can be adopted by the country to contribute to achieving a low carbon future. (Source: UN Climate Change News, 9 October 2020) Contact: REdiCAP and CiACA , Monique Nardi, mnardi@unfccc.int, www.unfccc.int

More Low-Carbon Energy News UNFCCC,  Carbon Emissions,  Carbon Price,  


Europe's Largest Bank Aims for Net-Zero Carbon by 2050 (Intl. Report)
HSBC Bank
Date: 2020-10-12
London-listed, Asia-focused HSBC Bank reports it aims to "align its financed emissions -- the carbon emissions of its portfolio of customers -- to the Paris Climate Agreement goal to achieve net zero by 2050 or sooner." The bank -- Europe's largest with €2,219 billion in assets -- also aims to be net-zero in its operations and supply chain by 2030, according to a release.

HSBC has earmarked between $750 billion and $1.0 trillion to assist the transition. Banking major Barclays committed to zero-carbon by 2050 in March as have oil giants BP and Shell which recently confirmed their commitment to meet the Paris Climate Agreement goal of net-zero carbon emissions by 2050. (Source: HSBC, The Edition, 9 Oct., 2020) Contact: HSBC, www.hsbc.com

More Low-Carbon Energy News HSBC Bank,  Paris Climate Agreement,  Net-Zero Emissions,  Climate Change,  BP,  Shell,  


DNV GL Collaborating on CCS Tech. Commercialization (Int'l.)
DNV GL,Technology Centre Mongstad
Date: 2020-10-09
in Oslo, Norwegian risk and verification consultancy DNV GL has forged a collaboration with the Sintef research institute and Technology Centre Mongstad (TCM) to accelerate development, upscaling and commercialization of technologies for carbon capture, utilisation and storage (CCUS) projects worldwide.

CCUS is expected to contribute to a reduction of more than 2 gigatonnes of CO2 emissions by mid-century but scaling of such technology is seen as critical to achieving national and international targets for emissions cuts in line with the Paris Climate Agreement's goals.

However, scaling of technology for carbon capture is currently not expected to start before 2030 and will not achieve a significant level until 2040 without government incentives and cost-reduction initiatives by the energy industry, according to DNV GL.

The three collaborating parties provided input to Norway's proposed Longship CCUS project that will entail a full-scale chain for carbon capture, backed by state funding of up to $1.8 billion. The project incorporates innovative elements including capture of CO2 emissions from the cement industry, transport of CO2 by ship, and temporary storage of CO2 prior to pipeline transportation and storage, according to DNV GL. (Source: DNV GL, PR, Oct., 2020) Contact: DNV GL, www.dnvgl.com; SINTEF, www.sintef.no; Technology Centre Mongstad, www.tcmda.com

More Low-Carbon Energy News DNV GL,  CCS,  CCUS,  CO2 Emissions,  Sintef,  Technology Centre Mongstad,  


EU Calls for Stiffened GHG Emissions Reduction Target (Int'l. Report)
EU,European Commission
Date: 2020-10-05
On Monday, the European Union (EU) Committee on Environment, Public Health and Food Safety Executive VP Frans Timmermans presented the EC plan to reduce EU greenhouse gas emissions by at least 55 pct by 2030 compared to 1990 levels.

Timmermans noted that although GHG emissions are not currently falling fast enough he underlined that becoming carbon neutral is both feasible and beneficial for the EU. He called for the European Parliament (EP) to confirm the proposed 55 pct 2030-target as the EU's new Nationally Determined Contribution under the Paris Climate Agreement, and to submit this to the UNFCCC by the end of this year. The EP is expected to vote next week on the EU Climate Law, which calls for 60 pct emission reductions in 2030. Timmermans also noted the EC would come up with proposals by June 2021 to revise key EU legislation such as the EU Emissions Trading System (EU ETS), energy efficiency and renewable energy policies and strengthening CO2 standards for road vehicles to enable the EU to reach a more ambitious target.

As previously reported this past March, the EC proposed climate legislation requiring the EU to become climate-neutral by 2050 as part of the European Green Deal. This follows the December 2019 EC decision to endorse the 2050 climate-neutrality objective. On 17 September, the Commission amended its proposal to incorporate a new 2030 emissions reduction target. (Source: European Commissions, PR, EU News Room, Oct., 2020) Contact: EU, www.europa.eu

More Low-Carbon Energy News Carbon Emissions,  Carbon Neutral,  European Commissions,  EU ETS,  Climate Change,  


C40 Cities Commit to Green Investments, Fossil Fuel Cuts (Ind. Report)
C40 Cities
Date: 2020-09-30
In New York, 12 of the world's most influential cities representing over 36 million residents have signed on to C40 Groups Divesting from Fossil Fuels, Investing in a Sustainable Future declaration. The declaration champions fossil fuel-free, green finance as a key strategy for rebuilding equitable, sustainable urban economies and increasing resilience against future crises. Signatories pledge to use their financial might to promote a just and clean energy transition through concrete actions at the city, national and international levels.

Cities signing on to the new declaration -- Berlin, Bristol, Cape Town, Durban, London, Los Angeles, Milan, New Orleans, New York City, Oslo, Pittsburgh, and Vancouver -- commit to build momentum for fossil-free and sustainable investment by:

  • Taking all possible steps to divest city assets from fossil fuel companies and increasing financial investments in climate solutions to help promote decent jobs and a just and green economy.

  • Calling on pension funds to divest from fossil fuel companies and increasing financial investments in climate solutions to help promote decent jobs and a just and green economy.

  • Advocating for fossil-free and sustainable finance by other investors and all levels of government, including by promoting the importance of strong, long-term climate policies and demanding greater transparency.

    According to Energy Policy Tracker, more than $200 billion in COVID-19 recovery funds are being pledged to fossil fuels, though risky investments in coal, oil, and gas are key drivers of the climate emergency. Continued investment in fossil fuels drives emissions that endanger the Paris Climate Agreement goals, jeopardize efforts to limit temperature rise to 1.5 degrees C, and threaten to lock dangerous carbon emissions into economies.

    The Divesting From Fossil Fuels, Investing in a Sustainable Future declaration is a critical next step towards realizing the vision for a Global Green New Deal, announced last October at the C40 World Mayors Summit in Copenhagen, Denmark. Endorsed by a broad coalition of business and labor leaders, youth activists, and civil society representatives, the Global Green New Deal reaffirms a commitment to protecting the environment, strengthening the economy, and building more equitable communities through inclusive climate action, according to the release.

    C40 Cities Climate Leadership Group, Inc. is a non-profit organization and is tax-exempt under section 501(c)(3) of the U.S. Internal Revenue Code. (Source: C40 Cities, PR, 22 Sept., 2020) Contact: C40 Cities Group, www.c40.org

    More Low-Carbon Energy News C40 Cities,  Climate Change,  Renewable Energy,  


  • Warsaw, Miner's Unions Agree to Exit Coal by 2049 (Int'l. Report)
    Poland Coal
    Date: 2020-09-28
    In Warsaw, the Polish government and the powerful unions representing more than 80,000 workers are reporting an agreement to phase out and eliminate Polish coal mines by 2049 to enable the country to meet the EU target of net-zero carbon emissions by 2050.

    Warsaw and the unions previously rejected the existing the 2050 date insisting the country's heavily coal-dependent economy needed until 2060 to completely cut its coal production and transition to a low-carbon economy. The government also expressed concern that a proposal by EU chief Ursula von der Leyen to raise the 27 member EU trading bloc's 2030 target for cutting greenhouse gas emissions from 40 to 55 pct.

    Poland depends on heavily subsidized coal for 80 pct of its power needs but the industry is plagued with losses. Poland's state-owned PGG, one of Europe's largest coal companies, reported a €107 million loss in 2019 and expects dramatically larger losses in 2020. (Source: Various Media, EurActiv, 27 Sept., 2020)

    More Low-Carbon Energy News Poland Coal,  Coal,  Carbon Emissions,  Paris Climate Agreement,  Carbon Emissions,  


    The Climate Pledge Membership Growing (Int'l. Report)
    The Climate Pledge
    Date: 2020-09-25
    Amazon and Global Optimism are reporting that Best Buy, McKinstry, Real Betis (sports team), Schneider Electric, and Siemens have joined The Climate Pledge, a commitment to be net-zero carbon by 2040 -- a decade ahead of the Paris Climate Accord's goal of 2050.

    Climate Pledge members agree to: measure and report greenhouse gas emissions on a regular basis; implement decarbonization strategies in line with the Paris Climate Agreement through real business changes and innovations, including efficiency improvements, renewable energy, materials reductions, and other carbon emission elimination strategies; and to neutralize any remaining emissions with additional, quantifiable, real, permanent, and socially-beneficial offsets to achieve net-zero annual carbon emissions by 2040.

    The Climate Pledge was founded in 2019 by Amazon and Global Optimism with a commitment to reach the Paris Climate Agreement 10 years early and be net-zero carbon by 2040. Eleven organizations have now signed The Climate Pledge including: Amazon, Best Buy, Infosys, McKinstry, Mercedes-Benz, Oak View Group, Real Betis, Reckitt Benckiser (RB), Schneider Electric, Siemens, and Verizon. (Source: Amazon,com, PR, 24 Sept., 2020) Contact: The Climate Pledge, www.theclimatepledge.com; Global Optimism, www.globaloptimism.com

    More Low-Carbon Energy News The Climate Pledge,  Paris Climate Accord,  Climate Change,  Carbon Emissions,  


    Houston Touts Climate Action Plan (Ind. Report)
    City of Houston
    Date: 2020-09-14
    In the Lone Star State, the city of Houston Office of Sustainability is touting the Houston Climate Action Plan to help the city of 7.1 million residents meet the Paris Agreement goal of carbon neutrality by 2050.

    The Climate Action Plan provides evidenced-based measures to reduce greenhouse gas emissions and preventative measures to address the negative outcomes of climate change. It also demonstrates how the City will adapt and improve its resilience to climate change related hazards and future threats.

    To comply with the Paris Climate Agreement, the plan will follow science-based criteria that will cap the temperature increase associated with climate change to 1.5 degrees Celsius as well as set targets to reduce greenhouse gas emissions and establish a pathway to becoming carbon neutral by 2050. (Source: City of Houston, Office of Sustainability, Website PR News, Sept., 2020) Contact: City of Houston, Office of Sustainability, Houston Climate Action Plan, 713.837.0311, houston311@houstontx.gov, www.greenhoustontx.gov

    More Low-Carbon Energy News City of Houston,  Climate Change,  Carbon Emissions,  GHG,  


    Ricardo Commits to Net Zero Carbon by 2030 (Ind. Report)
    Ricardo
    Date: 2020-09-09
    Global engineering, environmental and strategic consultancy Ricardo plc is reporting its commitment to achieve Net Zero carbon emissions from its operations by the end of 2030.

    To that end, the company will: maximize the use of renewable energy; make more energy- and space-efficient use of its commercial property portfolio as more flexible office working is implemented; maximize its 'digital-first' strategy and avoid unnecessary business travel; increase energy efficiency; use verified offsetting schemes to offset residual emissions.

    Ricardo's greenhouse gas (GHG) emissions, including 'scope 3' emissions from air travel, for the financial reporting year 2019/2020 have been independently verified by Lloyds Register. Ricardo plans to implement Science-Based Targets during the financial year 2020/2021 to meet the goals of the Paris Climate Agreement, according to the release. (Source: Ricardo, Website, PR, 7 Sept., 2020) Contact: Ricardo, Dave Shemmans , CEO, info@ricardo.com, www.ricardo.com

    More Low-Carbon Energy News Ricardo,  GHG,  Carbon Emissions,  NetZero Carbon,  


    Notable Quote -- Alarm Sounded on Forest Biomass Emissions
    Science Advisory Council of the European Academies
    Date: 2020-09-02
    "We have repeatedly pointed out that the large-scale substitution of coal by forest biomass [to produce electricity] will accelerate climate warming and will increase the risks of overshooting Paris Climate Agreement targets.

    "The reason is simple: when the forest is harvested and used for bioenergy, all the carbon in the biomass enters the atmosphere very quickly, but it will not be reabsorbed by new trees for decades. This is not compatible with the need to tackle the climate crisis urgently." -- Michael Norton, Environmental Director, Science Advisory Council of the European Academies www.easac.eu

    More Low-Carbon Energy News Forest Biomass,  Climate Change,  Carbon Emissions,  Paris Climate Agreement,  


    UNEP, ReNew Power Partner to Increase India Renew Energy (Int'l)
    UNEP,ReNew Power
    Date: 2020-08-26
    In Delhi, India's largest renewable energy company, ReNew Power, and the UN Environment Programme (UNEP) are reporting a partnership agreement to promote increased access to renewable energy and improved energy efficiency as part of the progressive strategies India has adopted to realize its Nationally Determined Contributions (NDC) under the Paris Climate Agreement.

    ReNew Power will partner with the UNEP District Energy in Cities Initiative to support market transformation efforts to shift the heating and cooling sector to renewable and energy efficient solutions. The Initiative supports local and national governments on building local know-how and implementing enabling policies to accelerate investment in modern -- low-carbon and climate resilient -- district energy systems. The Initiative also works with cities and industry to identify, assess and tender bankable district energy projects based on international best practices.

    Renewable energy sources constitute about 23.6 pct of total installed capacity in India which has targeted 175 GW of renewables capacity by 2022. (Source: UNEP, PR, 25 Aug., 2020) Contact: ReNew Power Private Ltd., District Energy in Cities Initiative, www.districtenergyinitiative.org; UNEP, Office for Asia and the Pacific, +91- 9811609245, www.unenvironment.org]

    More Low-Carbon Energy News UNEP,  ReNew Power,  Energy Efficiency,  Renewable Energy,  


    Russia's Medvedev Urging EU Carbon Border Tax (Int'l. Report)
    Carbon Tax
    Date: 2020-08-26
    In Moscow, Russian Security Council Deputy Chairman Dmitry Medvedev on Wednesday called for a EU carbon border tax to comply with international agreements on climate.

    "If the tax is imposed, there should definitely be an effort to keep it in compliance with the EU framework convention on climate and Paris Climate Agreement. We have to hold bilateral talks on this with the EU and via dedicated international platforms, such as the WTO, the agencies that deal with climate change and relevant conventions," Medvedev noted while speaking at a meeting on the potential impact of the tax on Russia.

    Dmitry Anatolyevich Medvedev is a Russian politician who is serving as Deputy Chairman of the Security Council of Russia, headed by Vladimir Putin. He served as prime minister of Russia between 2012 and 2020. From 2008 to 2012, Medvedev served as president of Russia. (Source: Sputnik, 26 Aug., 2020)

    More Low-Carbon Energy News Carbon Tax,  Border Carbon Tax,  


    UNEP, ReNew Power to Increase Indian Energy Efficiency (Int'l. Report)
    UNEP,ReNew Power
    Date: 2020-08-26
    In Delhi, India's largest renewable energy company, ReNew Power, and the UN Environment Programme (UNEP) are reporting a partnership agreement to promote increased access to renewable energy and improved energy efficiency as part of the strategies India adopted to realize its Nationally Determined Contributions (NDC) under the Paris Climate Agreement.

    The two organizations will support the heating and cooling market transformation to renewable energy and increased energy efficiency. The Initiative helps local and national governments build "local know-how" and implement enabling policies to accelerate investment in modern low-carbon and climate resilient district energy systems. The Initiative also works with cities and industry to identify, assess and tender bankable district energy projects based on international best practices.

    Renewable sources constitute about 23.6 pct of total installed capacity in India which has targeted 175 GW of renewables capacity by 2022. (Source: UNEP, PR, 25 Aug., 2020) Contact: ReNew Power Private Limited District Energy in Cities Initiative, www.districtenergyinitiative.org; UNEP, Office for Asia and the Pacific, +91- 9811609245, www.unenvironment.org] More Low-Carbon Energy News UNEP news, ReNew Power news, Energy Efficiency news, Renewable Energy news,

    More Low-Carbon Energy News UNEP news,  ReNew Power news,  Energy Efficiency news,  Renewable Energy news,  


    IAIA Releases Climate Change Position Statement (Report Attached)
    International Association for Impact Assessment
    Date: 2020-08-07
    In Washington, DC, the International Association for Impact Assessment (IAIA) has released a position statement declaring its solidarity with the world's scientific community in expressing grave concern that the global climate emergency is accelerating the deterioration of systems that support life on Earth and is threatening our common future. This is the first official position statement in IAIA's 40 years of existence.

    The statement comes on the heels of a recent IAIA survey of over 900 impact assessment professionals showing that 75 pct of respondents believe it is highly important that impact assessment processes be applied to enhance climate change mitigation in anticipated post-COVID-19 infrastructure programs.

    Since the IAIA Board of Directors finalized the statement in March, a set of priority climate change actions have been developed and are being carried out by IAIA's Climate Change Section. IAIA will support these efforts through organizational actions, including:

  • Using its role as an Observer to the United Nations Framework Convention on Climate Change (UNFCCC) to support actions under the Paris Agreement and to request the Conference of the Parties and the UNFCCC to champion the precautionary use of IA processes as essential climate change adaptation/mitigation tools;

  • Liaising directly with institutional investors, insurance industry, and risk analysts on the importance of IA, since these sectors have far reaching effects on the long-term sustainability of policies and programs;

    Building vital relationships with journalists to create better bridges of communication between IA practitioners and both policy-makers and the general public.

    Download the IAIA's Full Climate Change Position Statement HERE .

    IAIA is a forum for advancing innovation, development and communication of best practice in impact assessment. Its international membership promotes development of local and global capacity for the application of environmental assessment in which sound science and full public participation provide a foundation for equitable and sustainable development. IAIA supports individuals and organizations involved in these and related disciplines by providing a forum for the exchange of ideas and opportunities for collaboration, according to the organization's website. (Source: IAIA Webdite, Aug., 2020) Contact: IAIA, David Bancroft, Exec. Dir., (202) 567 7410, (701) 2977908, (701) 297 7917 -- fax, info@iaia.org, www.iaia.org

    More Low-Carbon Energy News UNFCCC,  Paris Climate Agreement,  International Association for Impact Assessment ,  IAIA,  Cliamte Change,  


  • Repsol Produces Spain's First Aviation Biofuel (Int'l. Report)
    Repsol
    Date: 2020-08-05
    Madrid-based integrated energy company Repsol SA is reporting production of 7,000 tons of aviation fuel made from biomass at its Puertollano Industrial Complex in Ciudad Real. The production is the first in Spain. The first 7,000 tons of aviation fuel made from biomass -- equal to the consumption of 100 Madrid-Los Angeles flights -- has a bio content under 5 pct in order to meet the quality standards established by international specifications. Using the fuel will prevent the release of roughly 400 tons of CO2 into the atmosphere -- equal to 40 Madrid-Barcelona flights.

    As previously reported, Repsol is aiming to be zero emissions company by 2050 in accordance with the Paris Climate Agreement. To that end, The company recently announced the launch of two major pioneering decarbonization industrial projects at the Petronor refinery. The first project involves the construction of one of the largest plants in the world for producing net zero emissions fuels from CO2 and green hydrogen, generated with renewable energy. This facility will set a new benchmark in Europe thanks to the cutting-edge technology applied and the use of captured CO2 as raw material in the Petronor refinery. The second project is a plant for generating gas from urban waste, which will replace part of the traditional fuels used in Petronor's production process. (Source: Repsol, The Corner, Aug., 2020)Contact: Repsol SA, Josu Jon Imaz, CEO, (+34) 91 753 8100, 91 753 8000, sacportal@repsol.com, www.repsol.com

    More Low-Carbon Energy News Repsol,  Aviation Biofuel,  


    Husky Energy Releases 2020 Carbon Goals (Ind. Report)
    Husky Energy
    Date: 2020-08-05
    Calgary, Alberta-based Husky Energy today released its 2020 ESG Report that includs a GHG emissions intensity reduction target of 25 pct by 2025 and the company's aim to be net zero by 2050 under the Paris Climate Agreement.

    To that end, the company notes it will continue to invest in new technologies and carbon offsets and will continue its technology partnerships with Svante on carbon capture. Additionally, all Husky business units will maintain a carbon management plan, including requirements to meet or exceed our 2025 25 pct emissions intensity reduction target, and all company senior executive contracts link compensation to meeting or exceeding carbon performance requirements. (Source: Husky Energy, PR, Aug., 2020) Contact: Husky Energy; Rob Peabody, CEO, Leo Villegas, Senior Manager, Investor Relations 403-513-7817, www.huskyenergy.com

    More Low-Carbon Energy News Husky Energy,  Climate Change,  Carbon Emissions,  


    Biden Takes a Stand on Climate Change (Opinions, Editorials & Asides)
    Climate Change
    Date: 2020-07-31
    The 2020 US Democratic presidential presumptive candidate Joe Biden's campaign has released the following position on clean energy and climate change:

  • Democrats commit to eliminating carbon pollution from power plants by 2035.

  • Wind and solar energy will be increased dramatically through the installation of 500 million solar panels and 60,000 made-in-America wind turbines.

  • Any clean energy infrastructure financed with federal support "through the tax code" should include robust wage and labor requirements.

  • Fossil fuel subsidies will be repealed.

  • California's primacy in Clean Air Act regulation of cars and trucks will be recognized and protected.

  • Oil and gas methane pollution will be reduced by the application of "robust" federal standards and targeted support for repairing and replacing aging distribution systems.

  • By 2030, all new buildings will achieve the goal of net-zero greenhouse gas emissions. Within five years, the Democrats will "incentivize" tens of billions of dollars in private-sector investments to retrofit the energy efficiency of four million buildings.

  • The country's entire fleet of school buses will transition to zero-emission buses to reduce harmful air pollution within five years.

  • The US will rejoin the the Paris Climate Agreement. A new Executive Order should be issued on climate and environmental Justice. There will be a strong emphasis on building environmental justice governmental institutions and practices. An environmental justice fund will be created to make "historic investments" in low-income communities, and remediating Superfund and other contaminated sites will address other issues afflicting these communities. Democrats will employ screening and mapping tools to ensure racial and socio-economic equity in federal climate, energy and infrastructure programs.

  • Fossil fuel companies will be held accountable for cleaning up abandoned mine lands ,oil and gas wells and industrial facilities so they can be safely "repurposed," especially in the coal country.

  • Innovative technologies will be advanced that create cost-effective pathways for industries to decarbonize, including carbon capture and sequestration (CCS) and "advanced nuclear" that eliminates risks associated with conventional nuclear technology.

  • America's natural carbon sinks on public lands will be increased by ensuring 30 percent of our lands and waters are conserved by 2030.

  • A new "climate test" will be applied to ensure that all major domestic and international infrastructure projects that require federal approval will avoid or minimize climate impacts, including impacts from export terminals.

  • The Federal Government should be reorganized by transforming the CEQ into a Council on Climate Change; establish a new office of Environmental Justice within the Department of Justice; create an Office of Climate Mobilization in the White House; establish a White House Council on frontline Environmental Justice where community and national leaders would inform the design and execution of climate change laws, policies and programs.

    Editor's Note: To ensure unbiased and equal coverage to all candidates , this publication will provide detailed coverage of the incumbent Republican Donald Trump's position on clean energy and climate change if and when his position paper is released.

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


  • Dole Pledges Net Zero Emissions by 2030 (Ind. Report)
    Dole
    Date: 2020-07-10
    Dole Packaged Foods , the world's largest fruit producer and distributor, has announced its new sustainability pledge to achieve net zero carbon emissions by 2030 20 years ahead of the Paris Climate Agreement deadline.

    To that end, the company aims to achieve zero fruit loss at all Dole farms to markets and eliminate all fossil-based plastic packaging by 2024. (Source: Dole Packaged Foods, PR, July, 2020) Contact: Dole, www.dolesunshine.com

    More Low-Carbon Energy News Net Zero Carbon,  Carbon Emissions,  


    EU MEPs Call for Renewables, Energy Storage to Spur Decarbonization (Opinions, Editorials & Aside)
    European Union,European Commission
    Date: 2020-07-01
    In Brussels, Members of the European Union Parliament (MEPs) Industry, Research and Energy Committee have outlined their strategy for renewable energy, 'green' hydrogen, and energy storage, all of which play a crucial role in reaching the goals of the Paris Agreement on Climate change.

    The Committee calls on the EC and member states to remove regulatory barriers that hamper the development of energy storage projects, such as double taxation or shortcomings in EU network codes. The Trans-European energy networks also need to be revised in order to improve eligibility criteria for those wishing to develop energy storage facilities.

    MEPs also highlight the potential of hydrogen produced from renewable sources ("green hydrogen" ) and call on the EC to continue supporting research into and development of a hydrogen economy. The EC should also assess if retrofitting gas infrastructure to transport hydrogen is possible, as the use of natural gas is only of a transitional nature.

    The committee also supports the EC's efforts to create European standards for batteries and to reduce dependence on their production outside of Europe. The EU's heavy dependence on importing raw materials from sources where extraction degrades the environment should be reduced through enhanced recycling schemes and by sourcing raw materials sustainably, possibly in the EU.

    Finally, MEPs propose ways to boost other storage options, such as mechanical and thermal storage, as well as the development of decentralized storage through home batteries, domestic heat storage, vehicle-to-grid technology and smart home energy systems. The EC estimates that the EU will need to be able to store six times more energy than today to achieve net-zero greenhouse gas emissions by 2050.

    According to lead MEP Claudia Gamon, "Energy storage will be essential for the transition to a decarbonized economy based on renewable energy sources. As electricity generated by wind or solar energy will not always be available in the quantities needed, we will need to store energy. Apart from storage technologies that we already know work well like pumped hydro storage, a number of technologies will play a crucial role in the future, such as new battery technologies, thermal storage or "green" hydrogen. These must be given market access to ensure a constant energy supply for European citizens." (Source: European Union News, European Commission PR, July, 2020)

    More Low-Carbon Energy News Paris Climate Agreement,  Renewable Energy,  Energy Storage,  Hydrogen,  


    IETA Council Guidance on Net Zero Climate Ambition (Ind. Report)
    International Emissions Trading Association
    Date: 2020-06-29
    According to the Geneva, Switzerland-headquartered International Emissions Trading Association's (IETA) recently published IETA Council Guidance on Net Zero Climate Ambition "the global need for enhanced ambition in response to climate change is reflected in the Paris Climate Agreement. It seeks to inspire delivery of nationally determined contributions (NDCs) that align over time with its ultimate goal of holding global average temperature increases to well below 2 degree C, pursuing efforts towards 1.5 degree C. To get there, it aims to reach a balance of sources and sinks by mid-century. Current NDCs are far from this goal, and they need to move urgently in the 'net zero' direction.

    "There is a rich history of companies using voluntary strategies that set carbon neutrality goals for their business operations. These strategies focus on deep reductions and avoidances of emissions, while using verified offsets to compensate for any remaining emissions. But Paris calls on all of us to aim higher -- to reach for that balance in sources and sinks that many are calling a net zero goal. This signals even deeper reductions and increasing amounts of removals," the report notes.

    Download the IETA Council Guidance on Net Zero Climate Ambition report HERE. (Source: IETA, June, 2020) Contact: IETA, secretariat@ieta.org, Tel: +41 22 737 05 00 , Fax: +41 22 737 05 08, www.itea.org

    More Low-Carbon Energy News International Emissions Trading Association,  Carbon Emissions,  Climate Change,  


    TEP Plans 80 pct Carbon Emissions Cut by 2035 (Ind. Report)
    Tucson Electric Power
    Date: 2020-06-29
    In Arizona, Tucson Electric Power (TEP) is reporting plans to provide more than 70 pct of its power from wind and solar resources as part of a cleaner energy portfolio that will reduce carbon emissions 80 pct by 2035. The utility's 15-year 2020 Integrated Resource Plan (IRP) calls for a dramatic expansion of wind and solar power resources, increased energy storage systems and energy efficiency and the retirement of TEP's remaining two coal-fired power plants in 2027 and 2032. The changes are expected to avoid more than 50 million tons of CO2 emissions over the next 15 years.

    TEP's CO2 emission reduction goal was developed in partnership with the University of Arizona's Institute of the Environment with input from a diverse group of customers, community leaders, local government representatives and environmental advocates. The target represents TEP's fair share of worldwide efforts to limit global warming to well below 2 degrees Celsius under the 2015 Paris Agreement. TEP's plan would reduce its CO2 emissions by 80 pct, according to the release. (Source: TEP, PR, 26 June, 2020) Contact: TEP, Joseph Barrios , (520) 884-3725, jbarrios@tep.com, www.tep.com

    More Low-Carbon Energy News Tucson Electric Power,  Paris Climate Agreement,  Climate Change,  Carbon Emissions,  


    Ford Targets Global Carbon Neutrality by 2050 (Ind. Report)
    Ford
    Date: 2020-06-26
    In Detroit, U.S. automaker Ford 21st annual Sustainability Report notes the company plans on achieving carbon neutrality globally by 2050, while setting interim targets to more urgently address climate change challenges.

    To that end, Ford will initially focus on three specific areas that account for approximately 95 pct of its CO2 emissions -- vehicle use, supply base, and the company's facilities -- to reduce CO2 emissions in line with the Paris Climate Agreement. The company will also work with California for stronger vehicle greenhouse gas standards. As previously reported, Ford plans to use 100 pct locally sourced renewable energy for all its manufacturing plants globally by 2035 (Source: Ford Authority, 24 June, 2020) Contact: Ford, Bob Holycross, VP Sustainability, Environment and Safety, www.ford.com

    More Low-Carbon Energy News FORD,  Carbon Neutral,  Carbon Emissions,  Climate Change,  


    Infosys Takes The Climate Pledge (Int'l., Ind. Report)
    Climate Pledge
    Date: 2020-06-17
    Amazon is reporting Bengaluru, India-headquartered business consultancy Infosys Ltd has signed on to The Climate Pledge.

    The Climate Pledge calls on new signatories to be net zero carbon across their businesses by 2040 -- a decade ahead of the Paris Climate Accord's goal of 2050. It also calls for signatories to measure and report greenhouse gas emissions on a regular basis; implement decarbonization strategies in line with the Paris Agreement through real business changes and innovations, including efficiency improvements, renewable energy, materials reductions and other carbon emission elimination strategies; and neutralize any remaining emissions with additional, quantifiable, real, permanent, and socially-beneficial offsets to achieve net zero annual carbon emissions by 2040.

    Infosys, which is one of the first companies to place an internal price on carbon, has an energy efficiency program that helped reduce its per-capita electricity consumption by 55 pct , and has invested in community-based emission reduction projects to help meet its net zero carbon goal. (Source: Amazon, PR, Business Wire, 16 June, 2020) Contact: Infosys, Salil Parekh, CEO, www.infosys.com; The Climate Pledge, www.theclimatepledge.com

    More Low-Carbon Energy News Climate Pledge news,  Infosys news,  Climate Chnage news,  Carbon Emissions news,  Paris Climate Agreement news,  


    Glencoe Commits to 30 pct Emissions Cut by 2035 (Int'l Report)
    Glencore
    Date: 2020-06-01
    In its February 2020 climate change position paper, Barr, Switzerland-headquartered mining and metals giant Glencore Plc committed to supporting the transition to a low carbon economy and to reducing its scope 3 emissions -- included the natural depletion of the its oil and coal resource base over time.

    The company notes it stands by its target of a 30 pct cut in scope 3 emissions by 2035 and expects to achieve a 10 pct reduction in greenhouse gas emissions by 2020 compared to a 2016 base line. The company is expected to announce new longer-term scope 1 and 2 targets that support the Paris Climate Agreement goals during the course of the year. (Source: Glencore, The Independent, 29 May, 2020) Contact: Glencore, www.glencore.com

    More Low-Carbon Energy News Carbon Emissions,  


    Reykjavik Announces Climate Change Related Funding (Int'l Report)
    Iceland
    Date: 2020-05-08
    In Reykjavik, the Icelandic government has announced several new environmental policies and proposals including grants totaling 550 million ISK ($3,750,000 US) to projects addressing climate change.

    Of the total 550 million ISK, roughly 200 million ISK will be invested in projects aiming to naturally store carbon dioxide long-term in order to reduce levels of greenhouse gases in the earth's atmosphere. Carbon sequestration is a key part of the government's plan to achieve the Paris Climate Agreement's terms.

    Additional grants totaling 75 million ISK will support the creation of new birch forests; 25 million ISK will address land reclamation projects; 60 million ISK for land quality recovery schemes; and 20 million ISK will be dedicated to wetland recovery.

    A further 300 million ISK will be used to reduce Iceland's energy consumption and 50 million ISK has been earmarked for the government's recently launched climate fund to support climate change research and projects raising awareness of the impacts of global warming.

    The release notes the government aims to reduce carbon emissions by 40 pct by 2030. (Source: : Iceland Minister for the Environment, Reykjavik Grapevine, 1 May, 2020) Contact: Iceland Minister for the Environment, Gudmundur Ingi Guobrandsson, www.government.is/ministries/ministry-for-the-environment-and-natural-resources

    More Low-Carbon Energy News Climate Change,  CCS,  Carbon Emissions,  


    Japan's GHG Emission Reductions Missing Paris Target (Int'l Report)
    Japanese Environment Ministry
    Date: 2020-04-15
    In Tokyo, the Japanese Environment Ministry reported the country's greenhouse gas emissions fall 3.9 pct in fiscal 2018 from the previous year, thanks in part to an increased reliance on nuclear energy.

    According to the Ministry release, the equivalent of 1.24 billion tons of CO2 was emitted in the year ended March 2019, a fifth annual decline and representing a low among comparable data going back to fiscal 1990.

    Emissions fell 12 pct compared with fiscal 2013, against its Paris Climate Agreement pledge for a 26 percent reduction by fiscal 2030, a target that Japan has itself said is not ambitious enough.

    While many of Japan's nuclear reactors were taken offline in the wake of the 2011 Fukushima crisis, output from the nine active units doubled from the previous year, reducing the need for coal, an increase in renewable energy and low demand for household heating due to a relatively warm winter, all contributed to the drop in CO2 emissions. Meanwhile, Japan's emissions of ozone-depleting hydrofluorocarbons (HFC) rose 4.7 percent from the previous year. (Source: Japanese Environment Ministry, PR, 13 April, 2020) Contact: Japan Environment Ministry, +81-(0)3-3581-3351, www.env.go.jp/en/moemail, www.env.go.jp/en

    More Low-Carbon Energy News CO2,  Carbon Emissions,  Paris Climate Agreement,  HFC,  


    Atmospheric Methane Levels Hit Record High (Ind. Report)
    NOAA
    Date: 2020-04-13
    A preliminary estimate from the National Oceanic and Atmospheric Administration (NOAA) has found that levels of atmospheric methane, a relatively short-lived heat-trapping gas roughly 80 times more potent than carbon dioxide, have hit an all-time high.

    In 2019, the concentration of atmospheric methane reached nearly 1875 ppb, the highest level since record-keeping began in 1983. 2019 also saw the second-largest single-year leap in two decades.

    The NOAA analysis notes "methane emissions primarily come from natural sources, like wetlands, and man-made sources, like farms and oil and gas wells. In wetlands, microbes excrete methane, an issue that humans can do little about. On farms, cows and sheep belch methane -- a problem that people can address by raising fewer livestock. The easiest way to stem methane pollution, however, is to limit its release from oil and gas drilling sites."

    Methane levels were more or less flat from the late 1990s to the early 2000s. They began to rise after 2006 thanks, at least in part, to more oil and gas drilling. Their recent uptick threatens the goals of the Paris Climate Agreement, as scientists had assumed that methane concentrations would stay level and then drop off when they projected how countries would meet their climate targets.

    Download the NOAA Trends in Atmospheric Methane HERE. (Source: NOAA, Nexus Media, Jeremy Deaton, 12 April, 2020) Contact: NOAA, (301) 713-1208, www.noaa.gov

    More Low-Carbon Energy News Methane,  NOAA,  GHG,  Climate Change,  Atmospheric Methane,  


    Russia Announces New Emissions Targets (Int'l. Report)
    Russian Ministry of Economic Development
    Date: 2020-03-30
    In Moscow, the Russian Ministry of Economic Development has, after extended procrastination and posturing, released a draft plan under which Russia, the world's fifth largest GHG emitter, would cut greenhouse gas emissions by one-third of 1990 levels by 2030.

    Under the plan Russian emissions are projected to rise to the equivalent of 2.08 billion tons of carbon dioxide by 2030 - 67 pct of the 3.11 billion tons recorded in 1990.

    By 2050, the draft plan projects emissions would fall to 1.99 billion tons -- 64 pct of 1990 levels -- and Russia would not become carbon neutral until much later than its original 2050 target.

    Details of the draft plan are expected to be included in Russia's updated Paris Climate Agreement climate action plan to be submitted to the UN later this year. The Kremlin previously pledged a 25 pct cut in emissions. (Source: Russian Ministry of Economic Development, Bellona, Mar., 2020)

    More Low-Carbon Energy News Russia Carbon Emissions,  Carbon Emissions,  Climate Change,  


    Tropical Forests Losing Ability to Absorb Carbon (Study Attached)
    Carbon Sink
    Date: 2020-03-06
    The recently released attached study notes the Amazon and other tropical forests losing their "carbon sink" capabilities and could turn into a source of CO2 in atmosphere by next decade. owing to the damage caused by loggers and farming interests and the impacts of the climate crisis. In that event, the impact of climate change is likely to become much more severe and the world will have to cut its carbon emissions even faster than presently outlined under the Paris Climate Agreement.

    The study, published on Wednesday in the journal Nature, tracked 300,000 trees over 30 years, providing the first large-scale evidence of the decline in carbon uptake by the world's tropical forests. The researchers combined data from two large research networks of forest observations in Africa and the Amazon, as well as years spent traveling to remote field sites

    Access the Asynchronous Carbon Sink Saturation in African and Amazonian Tropical Forests study HERE. (Source: Nature, Mar. 2020)

    More Low-Carbon Energy News Carbon Sink,  Carbon Emissions,  


    Ghana, Switzerland Ink Climate Commitments MoU (Int'l. Report)
    Ghana,Switzerland
    Date: 2020-03-04
    In Bern, the Swiss Federal Council is reporting the signing of a MoU with the Government of Ghana to strengthen cooperation between the two countries under Article 6 of the Paris Agreement on climate actions.

    The bilateral agreement will facilitate Ghana's National Clean Energy Access Programme (NCEP), which will enable the country to receive international financial support to implement projects in fulfilling its climate commitments. (Source: Various Media, Ghana Web, 3 Mar.,2020)

    More Low-Carbon Energy News Climate Change,  Paris Climate Agreement,  Carbon Emissions,  


    Stop Tropical Forest Loss or Paris Accord Impossible (Report Attached)
    Wildlife Conservation Society
    Date: 2020-02-26
    The Washington, DC-based Wildlife Conservation Society (WCS) recently published a study in the journal Science Advances suggesting intact tropical forest loss from 2000 to 2013 will result in over 626 pct more long-term carbon emissions through 2050 than previously thought. The researchers arrived at this upward revision by adding up emissions that would have been removed from the air if tropical forest remained intact, from selective logging, defaunation, and carbon stock degradation at forest edges that had been overlooked in previous studies.

    Study co-author Tom Evans said that forest conservation was recognized as critical for mitigation and adaptation to climate change in the 2015 Paris Climate Agreement (COP15). However, despite that initial commitment, he noted that not enough attention has been given since to protection of intact forests for climate change mitigation.

    Dense intact tropical forests serve as vital carbon sinks, removing CO2 from the atmosphere as their carbon-hungry plants and trees continue to put on growth. And they serve an out-sized role in sequestration -- while the WCS study found only 20 pct of the world's tropical forests can be considered "intact", these forests store 40 pct of above-ground carbon found in tropical forests. A 2011 study observed that intact tropical forests remove an estimated 1 billion metric tpy of CO2 from the atmosphere.

    Access the Wildlife Conservation Society study HERE. (Source: Wildlife Conservation Society, The Rising, 22 Feb., 2020)Contact: Wildlife Conservation Society, (718) 220-5100 www.wcs.org

    More Low-Carbon Energy News COP15,  Carbon Sink,  Climate Change,  Deforestation,  Carbon Emissions,  


    IPCC Preparing First Climate Change Stock-Take Report (Int'l.)
    IPCC,UNFCCC
    Date: 2020-02-21
    Reporting from Geneva, the Intergovernmental Panel on Climate Change (IPCC) announced it will consider the outline of the Synthesis Report for the Sixth Assessment Report (AR6 SYR) on 24-28 February 2020 during its 52nd Session to be hosted by UNESCO in Paris.

    The Synthesis Report will present the latest state of climate knowledge to serve as the basis for international negotiations in time for the first global stock-take under the Paris Agreement in 2023.

    The global stock-take is a process under the 2015 Paris Agreement of the United Nations Framework Convention on Climate Change (UNFCCC) to take stock of collective progress towards achieving the purpose of the Agreement and its long-term goals. It takes place every five years, with the first one in 2023.

    The outcome of the global stock-take will inform Parties to the Agreement in updating and enhancing, in a nationally determined manner, their actions and support for the goals of the Agreement, as well as enhancing international cooperation for climate action. (Source: IPCC, PR, 20 Feb., 2020) Contact: IPCC, www.ipcc.ch; UNFCCC, www.unfccc.int

    More Low-Carbon Energy News UNFCCC,  Paris Climate Agreement,  IPCC,  


    Equinor Announces New Net-Carbon Intensity Ambitions (Int'l. Report)
    Equinor
    Date: 2020-02-12
    Following up on our 10th Jan. report, Oslo-headquartered Norwegian oil and gas major Equinor -- fka Statoil -- reports the launch of a new climate roadmap aiming to ensure a competitive and resilient business model in the energy transition, fit for long term value creation and in line with the COP15 Paris Climate Agreement. In short, Equinor plans to:
  • Reduce the net carbon intensity, from initial production to final consumption, of the energy produced with at least 50 pct by 2050.

  • Cut absolute emissions from operated offshore fields and onshore plants in Norway by 40 pct by 2030, 70 pct by 2040 and towards near zero by 2050.

  • Slash CO2-emissions per barrel of oil and gas produced to below 8 kg by 2025 from operated fields;

  • Run carbon neutral operations globally by 2030;

  • Eliminate routine flaring before 2030;

  • Maintain methane emissions near zero;

  • Continue to apply an internal price on CO2-emission of at least $55 per tonne in all investment decisions;and

  • Continue support of the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). (Source: Equinor, PR, 6 Feb., 2020) Contact: Equinor, Eldar Sætre, Pres., CEO, www.equinor.com

    More Low-Carbon Energy News Equinor,  Carbon Emissions,  Climate Change,  


  • Vermont Reports Slow Progress on Cutting Emissions (Ind. Report)
    Vermont Climate Change
    Date: 2020-01-10
    In Montpelier, the Vermont Agency of Natural Resources, Department of Environmental Conservation is reporting the issuance of its Vermont Greenhouse Gas Emissions Inventory and Forecast: Brief 1990–2016 report. According to the report, while greenhouse gas emissions for Vermont in 2016 were down 4 pct from 2015 levels, they’re still 13 pct above 1990 levels.

    The report notes that most of the state's GHG emissions reductions came from the residential, commercial, and industrial sectors, with small decreases in waste and agricultural sectors. Meanwhile, increases were seen from the industrial processes, fossil fuel industry and transportation sectors. To uphold the Paris Climate Agreement, the state needs to cut greenhouse gas emissions somewhere between 26 pct to 28 pct below 2005 levels by 2025, the report notes.

    Download the report HERE. (Source: Agency of Natural Resources Department of Environmental Conservation, Rutland Herald, 8 Jan., 2020) Contact: Agency of Natural Resources Department of Environmental Conservation , Emily Boedecker, Commissioner, 802-828-1556, https://dec.vermont.gov

    More Low-Carbon Energy News Paris Climate Vermont Climate Change,  Agreement,  Carbon Emissions,  Climate Change,  


    Russian Long Range Climate Change Plans Quashed (Int'l Report)

    Date: 2020-01-08
    Following up on our 23rd October, 2019 coverage, The Moscow Daily is reporting the Kremlin has drastically watered-down its new national carbon trading system and penalties for major emitters as part of its climate change plan in the face of resistance from the country's largest companies and the Russian Union of Industrialists and Entrepreneurs (RSPP). The government will however, go ahead with proposals to measure and collect data on emissions as part of a five-year green audit, according to the Moscow Daily report.

    Following the Paris Climate Agreement in 2015, the Russian government proposed introducing new climate legislation in two phases -- a five-year stock-taking exercise to measure company-level emissions and set appropriate quotas for reducing emissions and a carbon cap on the country's biggest polluters and penalties for those that exceed their quotas. Earlier plans also envisaged the creation of a national fund to support emissions reduction and a system of nation-wide carbon trading. (Source: Kommersant, Moscow Daily, Dec., 2019) Contact: Russian Union of Industrialists and Entrepreneurs, eng.rspp.ru


    Canadian GHG Emissions in Slow Decline (Ind. Report)
    Canada Climate Change,Environment Canada
    Date: 2019-12-23
    In Ottawa, the Liberal government of Prime Minister Justin Trudeau Environment Minister Hon. Jonathan Wilkinson is reporting the country's carbon emissions are expected to be 227 million tonnes below projected levels by the end of the next decade.

    Canada expects to its greenhouse gas emissions to 603 million tonnes by 2030 -- well above the 511 million tonne target Canada committed to under the COP15 Paris Climate Agreement. To that end, the government plans to plant two billion trees, cut energy waste and support zero-emissions clean tech companies, and various other initiatives and measures. Unfortunately, Canada is reportedly warming at twice the global average and and three times the global rate in its extreme northern regions. (Source: Environment Canada, Various Media, Canadian Press, Dec., 2019) Contact: Environment Canada, Environment Canada, www.canada.ca/en/government

    More Low-Carbon Energy News Canada Carbon Emissions,  Canada Climate Change,  Environment Canada,  

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