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

Singapore sets new pathway to accelerate netzero transition

Singapore has set a new pathway to accelerate the transition to net zero emissions with hydrogen seen as a major energy source that could supply up to half of the country’s power needs by 2050. The city-state has tightened its national climate target and plans to achieve net zero emissions by 2050 and peak its

Envision and Toyota Tsusho China to partner for netzero transition

Envision, the global green tech partner for net zero, and Toyota Tsusho (China) Co., Ltd., one of the leading Japanese General Trading Houses in Toyota Motor Group, announced a strategic partnership in China to support the company and its clients’ net zero transition. Toyota Tsusho has committed to reducing its greenhouse gas (“GHG”) emissions by

Climatiq raises €6 million to fuel net zero future

Berlin-based startup Climatiq has just raised €6 million to fuel the development and expansion of its climate intelligence platform. The climate tech innovators are powering net zero solutions by providing better oversight into the reality of carbon usage. United with a common mission of cooling the earth and pushing our planet to a more sustainable

ABS highlights role of PPP in realizing netzero by 2050

The decisive role of public-private partnerships in delivering net zero for shipping by 2050 was spotlighted by Christopher J. Wiernicki, ABS Chairman, President and CEO in his keynote address at the 2022 SHIPPINGInsight conference. “We are clearly in the early innings of a decade of change. For shipping, the challenge and opportunity lies in two

Aviation sector’s netzero goal puts pressure on IMO

With two months to go until the 79th gathering Marine Environment Protection Committee (MEPC), the International Maritime Organization (IMO) is facing pressure to up its game when it comes to green targets. Member states at IMO’s sister body at the United Nations, the International Civil Aviation Organisation (ICAO), voted to adopt a collective long-term global

South Western Railway to reach netzero target by 2040

South Western Railway have announced a landmark commitment to reach net zero carbon emissions by 2040 at the latest. South Western Railway (SWR) has announced a landmark commitment and roadmap to deliver net zero carbon emissions by 2040 at the latest, ten years ahead of the UK’s overall legal deadline to be net zero by

HMM and Panasia to work together for developing onboard carbon capture

Flagship carrier HMM has signed a memorandum of understanding with compatriot Panasia to collaborate on developing onboard carbon capture systems. The two will start by carrying out a feasibility study before likely testing a prototype on some of HMM’s ships. HMM aims to reach net-zero carbon emissions across its entire fleet by 2050 and is