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PwC Joins RE100 Commits to 100 pct Renewable Energy (Ind. Report)
PwC
Date: 2018-10-22
International accountancy and consulting giant PriceWatershouse Coopers (PwC) reports its commitment to cut carbon emissions, source 100 pct renewable energy for its electricity consumption, and to offset all business air travel has been reinforced with membership in the Climate Group and CDP lead RE100 initiative. The commitment applies to 21 of PwC's largest firms accounting for 88 pct of revenues in 2018.

In addition to joining RE100, PwC has also committed to offsetting unavoidable emissions linked to air travel by investing in a range of voluntary carbon offsets. PwC network firms will select from a portfolio of offsetting projects to reflect their local priorities. Amongst the project portfolio are a biodiversity reserve in Borneo, a wind farm in Turkey, a cook stove project in China and a landfill gas project in New York state generating electricity for 18,000 homes and creating 420 acres of new wetlands. (Source: PWC, The Financial, 17 Oct., 2018)Contact: PricewaterhouseCoopers, www.pwc.com; RE100, www.thre100.org; CDP, www.cdp.net

More Low-Carbon Energy News CDP,  RE100,  PwC,  Carbon Emissions,  Renewable Energy,  


"Zero Chance" of Limiting Global Warming Without Carbon Capture, says PwC (Int'l Report)
Carbon Capture,PricewaterhouseCoopers
Date: 2018-10-08
According to a report from PricewaterhouseCoopers, there was "almost zero chance" of limiting global warming to below 2 degree C without carbon capture and storage (CCS). The report also noted that the gap between the current decarbonization rate and that needed to limit global warming to 2 degree C was widening and none of the G20 countries achieved the 6.4 pct rate required to limit warming to 2 degree C this year.

At current decarbonization levels, the global carbon budget for 2 degree C would run out in 2036.

Each year the global economy failed to decarbonize at the required rate, the 2 degree C goal would become more difficult to achieve. The gap between current decarbonization and that needed to limit global warming to 2 degree C was 6.4 pct a year, the PwC report added.

London, UK-headquartered PricewaterhouseCoopers is a multinational professional services network of firms in 158 countries and 743 locations. (Source: PwC, The Australian, Graham Lloyd, Environment Editor, 7 Oct., 2018) Contact: PricewaterhouseCoopers, www.pwc.com

More Low-Carbon Energy News PricewaterhouseCoopers,  Climate Change,  Carbon Capture,  CCS,  

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