Tag: carbon neutral

Trane Technologies plans to half its product carbon emissions by 2030

Trane Technologies plans to half its product carbon emissions by 2030

March 18, 2021 |

Trane Technologies plans to cut its product carbon emissions by nearly 50 per cent by 2030. The company’s emissions reduction targets have been validated by the Science Based Targets Initiative (SBTi). The targets support Trane Technologies’ 2030 Sustainability Commitments, including its Gigaton Challenge to reduce customer emissions by one billion metric tons. It also supports the Paris Agreement goal to limit global warming to 1.5 degrees Celsius, which will require net-zero global carbon emissions by 2050.

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FedEx announces plans to have carbon-neutral operations by 2040

FedEx announces plans to have carbon-neutral operations by 2040

March 10, 2021 |

Global cargo airline giant, FedEx Corp. has announced its ambitious goal to achieve carbon–neutral operations globally by 2040. The company has earmarked more than $2 billion of initial investment to help it achieve its ambitions. This will be mainly used in the domains of vehicle electrification, sustainable energy, and carbon sequestration.

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Wells Fargo aims to achieve net-zero greenhouse gase emissions by 2050

Wells Fargo aims to achieve net-zero greenhouse gase emissions by 2050

March 9, 2021 |

Wells Fargo has announced that it has set a goal of net-zero greenhouse gas emissions, including its financed emissions, by 2050. With combating climate change being a major focal point, Wells Fargo has five areas in which it aims to channel its efforts. To help meet the target goal, the company will measure and disclose financed emissions for select carbon-intensive portfolios, set interim emission reduction targets, deploy more capital to finance climate innovation and continue to work with its clients on their own emissions reduction efforts.

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Schlumberger New Energy, Chevron and Microsoft collaborate on carbon negative bioenergy

Schlumberger New Energy, Chevron and Microsoft collaborate on carbon negative bioenergy

March 8, 2021 |

Schlumberger New Energy, Chevron Corporation, Microsoft and Clean Energy Systems have announced plans to develop a bioenergy with carbon capture and sequestration (BECCS) project designed to produce carbon negative power in Mendota, California. The companies involved expect to begin front end engineering and design immediately, leading to a final investment decision in 2022, and will then evaluate other opportunities to scale this carbon capture and sequestration solution.

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Ontario’s first carbon-negative bus launched

Ontario’s first carbon-negative bus launched

March 8, 2021 |

Ontario has launched a renewable natural gas (RNG) public transit bus. The RNG is supplied by Enbridge Gas Inc. and is produced in London at the StormFisher biogas facility that processes organic waste. The RNG is considered carbon negative because it diverts organic waste from a landfill and prevents release of methane into the atmosphere.

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EDP plans Euro 24 billion investment to double its wind and solar portfolio by 2025

EDP plans Euro 24 billion investment to double its wind and solar portfolio by 2025

March 4, 2021 |

EDP renewables have announced that it will invest Euro 24 billion towards doubling its solar and wind capacity from 12 GW to 25 GW by 2025. With this goal, the company also aims to be coal-free by 2025 and completely source power from green energy in 2030 by expanding its renewable energy portfolio to 50 GW. The company also intends to increase its solar generation capacity ten-fold.

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Enviva aims to achieve net zero emissions by 2030

Enviva aims to achieve net zero emissions by 2030

February 18, 2021 |

Enviva, a renewable energy company focusing on sustainable wood bioenergy, has set an aim to achieve net-zero greenhouse gas emissions from its operations by 2030. While all of the fuel utilized in the pellets’ drying operations is already provided by 100 percent renewable resources, Enviva still uses electricity from the grid.

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Australian and Japanese companies study the potential of deep-sea carbon capture

Australian and Japanese companies study the potential of deep-sea carbon capture

December 11, 2020 |

Australian and Japanese companies are exploring the potential of capturing carbon dioxide from industries in Asia and storing it off the coast of Australia, on the ocean floor. Australian company, Transborders Energy Pty is leading the ‘deepC store project’ along with its partners which include Tokyo Gas Co. and Kyushu Electric Power Co. The team is exploring the possibility of shipping emissions across the Asia-Pacific region using a floating hub to inject the material under the seabed.

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China’s inevitable low-carbon future

China’s inevitable low-carbon future

September 28, 2020 |

Specific energy-oriented objectives are just the beginning. China’s broader economic rebalancing – from heavy industries and export-oriented manufacturing to higher-value-added activities and domestic consumption – is naturally causing China’s economy to become less energy-intensive.

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