British Columbia Investment Management sets climate-related targets for public markets

It aims to invest $5bn in sustainability bonds and reduce the carbon exposure in its public equities portfolio by 30% by 2025

PepsiCo to power global operations with 100% renewables by 2030

The move is forecast to reduce around 2.5 million metric tonnes of greenhouse gas emissions by 2040

Facebook targets net zero value chain by 2030

The target includes emissions from suppliers, employee commuting and business travel

Government seeks companies with bold climate commitments to sponsor COP26

Eligible companies need to have ambitious net zero commitments by 2050 or earlier, with a credible short term action plan to accomplish this

‘The EU is on track to meet 2030 emission targets’, says IEA

The IEA has noted a 23% decline in the EU’s greenhouse emissions in 2019 from 1990

Indian companies obliged to use more renewable energy

Businesses must meet renewable purchase obligations (RPO) targets of 21% by 2022

UK energy minister hails Scottish renewables success

The sector is delivering around 25% of the UK’s total renewable generation capacity

‘Carbon credits shouldn’t affect Welsh emissions targets’

Wales’ green targets should be based on the country’s actual emissions, rather than being open to adjustment using carbon credits. That’s according to the Committee on Climate Change (CCC), which was asked by the Welsh Government to provide independent advice on how best to account and budget for the use of carbon. Wales plans to reduce […]

Paris Agreement parties ‘need to cut emissions even further’

Countries need to step up their emissions reduction pleges if the world is to meet the target of limiting global temperature rise to well below 2°C. Members of the European Parliament (MEPs) said existing pledges “do not bring the world even close to the two degree target” and there is an “urgent and critically important” […]

Festival Net Zero 2021