Energy Firms Build New Strategies To Uphold Environmental Standards
While achieving set environmental goals like reduced greenhouse gas emissions, major energy companies have opted to turn carbon sequestration into profitable ventures. The move is, reportedly, in accordance with the 2015 Paris Climate Agreement which aims to limit the increase in planetary warming to less than 1.5-degree Celsius. Companies like Kinder Morgan Inc, Baker Hughes Co and Exxon Mobil Corp have started to commercialise carbon… read-more
Tags: Green Energy, carbon emissions, global warming, Paris Climate Agreement
Courtesy: The Economic Times
Global Leaders Expect US To Go Zero-Pollution State By 2050
Nearly after 107 days of absence, the US has officially re-joined the Paris Climate Accord on February 19. The move came, 30 days after the President Joe Biden took charge at US office. Global leaders are anticipating, US to go zero emission of greenhouse gasses by 2050. “It’s good to have the US back….but sadly we have no time to celebrate,” said Laurence Tubiana, the French Climate Change Ambassador.
Tags: US, US President, Joe BIden, Paris climate accord, Paris Climate Agreement, environment
Courtesy: Indian Express
EU Revises Climate Goals; Commits To Curb 55% GHG Emissions By 2030
After the culmination of a two-day summit at Brussels, the European Union leaders have agreed to cut the EU’s greenhouse emissions to 55% by 2030 with pre-1990 levels. This commitment will replace the earlier one that aimed at cutting 40% emissions by 2030. The EU members have planned to invest €1.82 trillion for procuring technology and help the member nations. The long-standing deal was finalised after coal-reliant countries pledged their… read-more
Tags: European Union, Climate crisis, Climate Change, Greenhouse gas emissions, Paris Climate Agreement
Courtesy: Al-Jazeera
Banks Financed Projects Worth $2.6tn Which Harmed Environment In 2019: Study
In an initiative by portfolio.earth which analysed Investment Banks loans revealed that in 2019, financial institutions funded projects worth $2.6 trillion which harmed environment and wildlife. The 'Bankrolling Extinction' report noted that banks lack systems to measure the environmental-degradation due to projects financed by them. While banks approved the Paris-Agreement commitment of not financing fossil-fuel projects, the report lauded … read-more
Tags: environment, Investment banks, Paris Climate Agreement, Ecosystem, conservation, fossil fuel
Courtesy: The Guardian