Alfa Laval supports refinery in its transition

Alfa Laval has entered into an agreement with a subsidiary of CVR Energy, Inc., a U.S.-based renewable fuels and petroleum refining company, to supply processing systems for feedstock pre-treatment, part of a strategic investment in the refinery supporting CVR’s expansion into renewable biofuel production. Alfa Laval will supply pre-treatment systems, consisting of various equipment such

Vancouver port tests alternative fuels

The Vancouver Fraser Port Authority, together with partners from across the port community, are testing various low- and zero-emission fuels and technologies at the Port of Vancouver, as part of the port authority’s efforts to phase out all port-related emissions by 2050 in support of the Government of Canada’s goal to achieve net-zero emissions by

Indonesia to build nuclear power plant for netzero emissions

Indonesia aims to develop a nuclear power plant in 2039 to achieve netzero emissions and support domestic needs for energy, the country’s Nuclear Energy Regulatory Agency (BAPETEN) said. The agency’s Director for Nuclear Installation and Material Control, Haendra Subekti, said in a statement that to realize the target, Indonesia is currently looking for investors to

UK marine sector needs $90bn for meeting shipping netzero target

UK maritime sector will need around £75bn ($90bn) of investment over the coming three decades to transition to net zero, a new report released by London-based shipping asset manager Marine Capital estimates. In 2019, the UK became the first major economy in the world to legislate to reach net zero by 2050 including the domestic

Nokia and stc to work together on netzero emissions

Nokia and stc confirm the adoption of energy-efficient solutions, enabling stc to reduce its carbon emissions and support its net-zero targets. The two signed a Memorandum of Understanding (MoU) that will see them work together across four areas: climate, society, digitalisation, and future of work with the aim of reducing carbon emissions and adopting sustainable

ANZ to fast-track net zero transition

Australia and New Zealand Banking Group Ltd (ANZ) said it had earmarked A$100 billion (US$67.63 billion) to help its customers lower carbon emissions by 2030, as the lender looks to accelerate its transition to net zero. Part of the amount will be used for initiatives, which include facilitating concessional loans for businesses to buy energy-efficient

EY and Microsoft to help businesses develop ESG data management

The EY organization and Microsoft have announced a deepened strategic relationship to further develop environmental, social, and governance (ESG) data management offerings that support clients with achieving operational decarbonization and net-zero goals. EY said in a statement that through this commitment, EY and Microsoft will address a host of sustainability needs through technology, including improving

Cities with net zero promises falling short on tracking

More than half of cities with pledges to reach net zero emissions have no plan for how they’ll track and report progress, an analysis published said. The assessment, conducted by the research consortium Net Zero Tracker, adds to growing concern that non-state actors, including companies and cities, are using net-zero commitments to mislead or confuse

Canada announces investment tax credits for green technologies

The recently released 2022 Fall Economic Statement introduces investment tax credits (ITC) for clean technologies and clean hydrogen that will help spur the transition to net-zero energy and make Canada more competitive with the United States. “Following the adoption of the Inflation Reduction Act in the United States, the need for a competitive clan technology

Nearly all companies will miss netzero goals

While more than one-third (34%) of the world’s largest companies are now committed to Net Zero, nearly all (93%) will fail to achieve their goals if they don’t at least double the pace of emissions reduction by 2030, according to a new report from Accenture. Based on an analysis of commitments to emissions reduction and