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Mining giant Rio Tinto will invest around $1 billion over the next five years to support the delivery of its new climatechange targets and a company objective for net zero emissions from operations by 2050. Enhance resilience to physical climate risks.
To achieve goals for climate and economic growth, “negative emissions technologies” (NETs) that remove and sequester carbon dioxide from the air will need to play a significant role in mitigating climatechange, according to a new report from the National Academies of Sciences, Engineering, and Medicine.
Polestar, the premium electric performance car brand founded by Volvo Cars and Geely Holding, has set a goal of creating the first climate-neutral car by 2030. The company made the announcement in its first annual review. Environmental experts have warned that offsetting is not sustainable in the long run. Offsetting is a cop-out.
The rapidly growing space industry may have a greater climate effect than the aviation industry and undo repair to the protective ozone layer if left unregulated, according to a new study led by UCL and published in the journal Earth’s Future as an open-access paper. The space industry is one of the world’s fastest growing sectors.
Hyundai Motor Company plans to ramp up the US commercial vehicle market entry with XCIENT Fuel Cell trucks. Our ultimate goal is to fight climatechange and build a sustainable future. —Mark Freymueller, Senior Vice President and Head of Commercial Vehicle Business Innovation at Hyundai Motor Company.
“Electric cars will not save the climate. must cease by 2038 at the latest, according to research company BloombergNEF (BNEF). Behavioral change is hard How willing are people to break their car dependency and other energy-related behaviors to address climatechange? For the U.S.
Global renewable energy investment increased between 2013 and 2018, reaching its peak at US$351 billion in 2017, according to a new report by the International Renewable Energy Agency (IRENA) and Climate Policy Initiative (CPI). The 2020 edition of Global Landscape of Renewable Energy Finance highlights however, that while a cumulative US$1.8
Tel Aviv-Yafo Municipality, in partnership with ElectReon and Dan Bus Company, has launched a pilot project to install wireless electric roads for charging public transportation in the city. Electric road construction in Tel Aviv. Credit: Tel Aviv-Yafo Municipality.
An analysis of near-term spending plans on renewables by the biggest oil and gas companies shows that real investments in renewable energy will continue to pale in comparison to capex plans for greenfield fossil fuel projects. BIT:ENI) recently unveiled what has been hailed as the most ambitious climate pledge yet by an oil supermajor.
Kia EV6 ( earlier post )has achieved product carbon footprint certification and ‘ Carbon Measured ’ label from the global climatechange and sustainability consultancy the Carbon Trust, becoming the first Korean vehicle manufacturer to achieve the certificate. The EV6 is the first model to be launched under this new strategy.
The company anticipates entry into commercial service in 2025 with a certified retrofit conversion kit for existing ATR 72 and De Havilland Canada Dash-8 regional airliners and a green hydrogen fuel services offering. Full-scale prototype of Universal Hydrogen's gaseous hydrogen module, with one capsule removed.
The Hong-Kong-listed company said it has been supplying electric buses to the US since 2016. school buses was remarkable not just because it was a breakthrough for the US market, but it is also the largest quantity from a single order of electric buses that the company has ever received.
The company will also strive for greater energy and material efficiencies to support longer-term carbon neutrality ambitions. The company’s electrification and emissions reduction efforts support the aims of the UN Paris Agreement on climatechange and global progress toward carbon neutrality by 2050.
Seven Japan-based companies—Asahi Tanker Co., Tokyo Electric Power Company; and Mitsubishi Corporation—have formed the e5 Consortium, with the goal of establishing new ocean shipping infrastructure services through various initiatives to develop, realize, and commercialize zero-emission electric vessels. Idemitsu Kosan Co.,
At the 2020 United Nations ClimateChange conference, Chinese President Xi Jiping proposed that China’s carbon dioxide emissions should peak in 2030 and that carbon neutrality should be achieved by 2060.
The result is a significantly lower climate impact and an important step towards a net-zero emissions value chain. Among the customers that will have fossil-free steel in some of their electric trucks are Amazon and DFDS and, through the transport company Simon Loos, Unilever. Earlier post.)
announced its next environmental sustainability strategy—PLANET 2050—which includes science-based goals that meet or exceed the goals in the United Nations Paris agreement on climatechange. It is the most comprehensive and ambitious environmental sustainability strategy ever pursued by the company. Cummins Inc.
Origin Materials launched its Net Zero Automotive Program with Ford Motor Company. The assessment studies Origin products across four environmental criteria: climatechange; ecosystem quality, resource consumption; and human health. kg CO 2 eq/kg CMF; -1.7 kg CO 2 eq/kg HTC; -1.5 kg CO 2 eq/kg furfural; -1.4
Blue World Technologies, developer and manufacturer of methanol fuel cells, is acquiring Danish Power Systems, a 25-year-old High Temperature Polymer Electrolyte Membrane (HTPEM) membrane electrode assembly (MEA) research and development company. Earlier post.) The acquisition awaits the approval of the Danish authorities.
Uber is adding more polluting car trips to already-clogged European cities such as London and Paris, new analysis by European NGOs suggests —contributing to air pollution and climatechange and exploding the company’s sustainability claims. This has made Uber one of the biggest taxi services in Europe, with 3.6
This marks the first investment made through the US$100-million Yamaha Motor Sustainability Fund established in June last year specifically for investing in early stage companies working to address climatechange.
United and OLCV have previously worked together on new approaches to combat climatechange. Cemvita Factory uses synthetic biology to produce microbes that turn carbon dioxide into chemicals and alternative fuels, including sustainable aviation fuel.
Audi manufactures the Q4 e-tron and the Q4 Sportback e-tron with net-zero carbon emissions; this has now been officially confirmed through their successful certification as “carbon-neutral products” by the independent auditing company TÜV.
Climatechange is the existential crisis of our time and this acquisition accelerates our ability to address it. The integration of Meritor’s people, technology and capabilities will position Cummins as one of the few companies able to provide integrated powertrain solutions across combustion and electric power applications.
Walmart will electrify and zero-out emissions from all of its vehicles, including long-haul trucks, by 2040, as part of its current goal to become a “regenerative company”. Walmart announced it is targeting zero emissions across the company’s global operations by 2040. —Doug McMillon, president and CEO, Walmart, Inc.
The Asian Development Bank (ADB) mobilized a $135-million climate financing package for VinFast Trading and Production Joint Stock Company (VinFast) for manufacturing Vietnam’s first fully-electric public transport bus fleet and first national electric vehicle (EV) charging network.
QIA is one of six founding members of the One Planet Sovereign Wealth Fund Initiative, which is building climatechange into financial decision making, and the proposed investment further highlights QIA’s growing focus on the development of green technologies.
LanzaJet, a sustainable fuels technology company and renewable fuels producer, has secured financing for its Freedom Pines Fuels plant in Soperton, Georgia ( earlier post ), through the Microsoft Climate Innovation Fund. The remaining fraction is SPD with superior properties to conventional diesel.
It is crucial to provide diverse energy options to meet the needs of many different regions and customers in order to achieve carbon neutrality, the companies said.
Raven SR, a renewable fuels company ( earlier post ), announced the closing of a strategic investment from Samsung Ventures, expanding Raven SR’s reach into the global market, especially in Asia-Pacific region. The South Korean government recently announced plans to provide 27.9
ABB’s eco-efficiency portfolio, which enables sustainable smart cities, industries and transport systems to mitigate climatechange and conserve non-renewable resources, accounted for 57% of total revenues in 2019. The company is on track to reach 60% of revenues by the end of 2020.
Hyundai Motor Group will collaborate with the Saudi Arabian Oil Company (Aramco) and King Abdullah University of Science and Technology (KAUST) jointly to research and develop an advanced fuel for an ultra lean-burn, spark-ignition engine that aims to lower the overall carbon dioxide emissions of a vehicle.
Due to commence in January 2021, the off-road racing action will be staged in five areas of outstanding natural beauty currently under threat from climatechange: the Arctic, the Himalayas, Sahara desert, the Amazon rainforest and islands in the Indian Ocean.
Clean hydrogen is a cornerstone of the German and EU strategies to address the challenge of climatechange. The company also operates the world's first high-purity hydrogen storage cavern, coupled with an unrivaled pipeline network of approximately 1,000 kilometers to reliably supply its customers.
SMRs are a game-changing technology with the potential to play a critical role in fighting climatechange, and rebuilding our post COVID-19 economy. In accepting the investment, the company has committed to creating and maintaining 186 jobs and creating 52 CO-OP positions nationally. —Hon.
In a historic move, Vermont has become the first US state to pass a law that makes major fossil fuel companies financially responsible for climatechange damages.
Up to 8 turbines fit in a 20ft shipping container, forming a deployable power solution for EV charging companies that can be scaled to match demand in any location. —Brian Cull, Senior Intelligent Transport Systems Engineer, Highways England. IPG’s Flameless Ceramic Turbine is a 100kW modular generator. —IPG CEO Toby Gill.
Both companies are continuing with fundamental research on algae biology in their laboratories as the field study advances. Our work with Synthetic Genomics on algae biofuels continues to be an important part of our broader research into lower-emission technologies to help reduce the risk of climatechange.
In the future, fossil fuels will be replaced by these renewable synthetic fuels to mitigate climatechange, the company said. Under its X-Ahead project, Wärtsilä will form and lead a strong network of universities, research industries, and small and medium-sized enterprises on a national, as well as a global scale.
In its recently closed Series G-2 financing round, TAE secured $250 million from investors in the energy, technology, and engineering sectors to support the company’s mission to deliver a long-term solution to rapidly growing electricity demand while providing global energy independence and security.
This clearly shows the positive role America’s existing energy infrastructure can play in creating a sustainable future and fighting climatechange. It enhances Neste’s leading position, building on the company’s more than 15-year head start in creating an end-to-end renewable product value chain.
This technology could lower the cost of low carbon hydrogen by over 20% and has become the basis for the Department for Business, Energy and Industrial Strategy (BEIS) and the Committee on ClimateChange’s (CCC) analysis. The company will also develop further plans for large scale production of electrolyzers. Contract value: £7.48
Ford Motor Company intends to achieve carbon neutrality globally by 2050, while setting interim targets to address climatechange challenges more urgently. The company previously announced its plan to use 100% locally sourced renewable energy for all its manufacturing plants globally by 2035.
CNH Industrial has entered into an exclusive, multi-year licensing agreement for electrification technologies with Monarch Tractor , a US-based AgTech company specializing in fully electric autonomous tractors. The company has secured several hundred working farms as preliminary customers.
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