Home

Translate

en English af Afrikaans sq Albanian ar Arabic hy Armenian az Azerbaijani eu Basque be Belarusian bg Bulgarian ca Catalan zh-CN Chinese (Simplified) zh-TW Chinese (Traditional) hr Croatian cs Czech da Danish nl Dutch et Estonian tl Filipino fi Finnish fr French gl Galician ka Georgian de German el Greek ht Haitian Creole iw Hebrew hi Hindi hu Hungarian is Icelandic id Indonesian ga Irish it Italian ja Japanese ko Korean lv Latvian lt Lithuanian mk Macedonian ms Malay mt Maltese no Norwegian fa Persian pl Polish pt Portuguese ro Romanian ru Russian sr Serbian sk Slovak sl Slovenian es Spanish sw Swahili sv Swedish th Thai tr Turkish uk Ukrainian ur Urdu vi Vietnamese cy Welsh yi Yiddish
Open Translation

NEW YORK: The latest report from the UN Framework Convention on Climate Change (UNFCCC), in the run-up to COP26 in November, says countries’ Nationally Determined Contributions (NDCs) under the Paris Agreement “fall far short of what is required” to keep global warming to 1.5 °C.

With a collective goal to reduce emissions 45 percent by 2030, current or updated NDCs are projected to be only 0.3 percent lower for 2025 and 2.8 percent lower for 2030 compared to previous declarations.

The UNFCCC says by 2025, Paris Agreement signatories will increase their total GHG emissions 2.0 percent compared to 1990 levels and reduce them less than one percent five years later.

According to a report by Sustainability consultancy Natural Capital Partners (NCP), over 60 percent of companies in the Fortune Global 500 are still not committed to delivering a meaningful climate milestone by 2030.

“This is the time to step in and step up,” said Vaughan Lindsay, CEO of NCP. “We know we need to halve emission by the end of this decade to stand any chance of reaching net-zero, so we need to use all the solutions available to make an impact.”

The NCP report, the third annual analysis of companies’ commitments to carbon neutrality, net-zero, 100 percent renewable energy and Science-Based Targets, finds there has been a three-fold increase in net-zero targets, a 50 percent increase in the number of companies that have either achieved carbon neutrality or are targeting it by 2030, and a 25 percent increase in Science-Based Targets.

Acknowledging the private sector is not going to “fix” the climate crisis without government support, the report says it has been driven to act by stakeholder demand, business capacity for innovation, and a focus long-term survival.

“Even though COP was delayed and there is concern about its success in Glasgow, companies are increasingly challenging themselves to step up ambition on urgent climate action,” commented Zelda Bentham, Group head of Sustainability at Aviva. “This is a race we all have to win or the whole of society and the planet loses.”

The NCP report also warns the continued “disharmony, distrust and blame between governments, and a continuing lack of political and financial capital for leaders to spend on climate change domestically”, means that the prospect of transformative, binding near-term action from them "seems hopeful at best".
Story Type: News

Vote for my Story

Our Rating: 9% - 1 votes

1000 Characters left


Latest News

October 22, 2021
Biodiversity Editor

Great Pacifc Garbage Patch cleanup begins

VICTORIA, BC: The Ocean Cleanup, The Netherlands-based non-profit technology company, has completed its proof of concept by collecting 28,659 kilos of trash from the Great Pacific Garbage Patch with support from two Maersk offshore supply vessels. The…
October 20, 2021
Emissions Editor

Governments to ignore 1.5°C limit with fossil fuel production

NAIROBI/STOCKHOLM: With less than two weeks to the start of the crucial COP26 climate conference in Glasgow, a new report says governments plan to produce more than double the amount of fossil fuels in 2030 required to limit global warming to 1.5°C, and 45…
October 20, 2021
Transportation Editor

Shippers want zero-carbon maritime operations by 2025

WASHINGTON, DC: In a clear signal to the maritime container industry, nine major shippers have announced they will switch all their ocean freight to vessels powered by zero-carbon fuels by 2040. Amazon, Brooks Running, Frog Bikes, IKEA, Inditex, Michelin,…
October 19, 2021
Biodiversity Editor

Mustard cuts aviation emissions 68 percent

ATLANTA: With IATA airlines committed to cutting 21.2 Gigatons of carbon emissions by 2050, one solution that could help is the use of a non-edible mustard crop to produce Sustainable Aviation Fuel (SAF). According to new research from University of Georgia…
October 19, 2021
People Editor

DHL Express - a great place to work for profit

OAKLAND, CA: Great Place to Work (GPTW) has published its 2021 top 25 best workplaces based on the opinions of 19.8 million employees from 10,000 companies in 106 countries worldwide. DHL Express came first followed by Cisco, Hilton, AbbVie, Salesforce, 3M,…
October 18, 2021
Circular Economy Editor

Restaurant chain recycles cooking oil as renewable diesel for truck fleet

HELSINKI: Hesburger, a Finnish restaurant chain, is supplying green energy company Neste with used cooking oil from 300 restaurants to be recycled as renewable diesel for its transport fleet. Every year, company restaurants in Finland, Estonia, Latvia and…
October 15, 2021
Transportation Editor

Port association supports global hydrogen initiative

TOKYO: Following the first meeting of the Global Ports Hydrogen Coalition this week, the International Association of Ports and Harbors (IAPH) has agreed to provide its Sustainability platform for Coalition projects. IAPH established the WPSP in 2018 to unite…
October 13, 2021
Circular Economy Editor

Vestas plans circular manufacturing for wind power components

AARHUS, Denmark: In a bid to remain competitive, Vestas plans to reduce the amount of manufacturing waste ending up in landfill to less than 1.0 percent by 2030 while ensuring an increase in recycling from 52 percent to over 94 percent. A new circularity…
October 13, 2021
Energy Editor

New net-zero energy handbook for COP26 attendees

PARIS: The International Energy Agency (IEA) has published its latest World Energy Outlook (WEO) as a handbook for attendees at the forthcoming UN COP26 climate conference in Glasgow from October 31. The special edition describes the opportunities to be taken…
October 11, 2021
Transportation Editor

Maritime sector wants IMO to adopt net-zero

LONDON: The International Chamber of Shipping (ICS), representing 80 percent of the maritime market, says it wants governments to ensure the International Maritime Organization (IMO) adopts a net-zero target by 2050. Echoing a call by the aviation sector, the…
October 11, 2021
Transportation Editor

Airlines agree 65 percent SAF use to achieve net-zero by 2050

BOSTON: With less than three weeks to the UN COP26 climate conference in Glasgow, IATA member airlines have resolved to achieve net-zero CO2e emissions by 2050. This means they will have to abate a total of 21.2 Gigatons by then. According to association…
October 08, 2021
Energy Editor

LNG-powered vessel in ammonia switch by 2023

HELSINKI: Wärtsilä and Norwegian ship owner Eidesvik Offshore are to convert an LNG-powered supply vessel to operate with an ammonia-fuelled combustion engine by the end of 2023. The conversion will allow the vessel to operate with a 70 percent ammonia blend…

We are using cookies

By continuing you are agreeing to our use of cookies

I understand