The Paris Agreement
Tackle climate or face financial crash, say world's biggest investors
Global investors managing $32tn issued a stark warning to governments at the UN climate summit on Monday, demanding urgent cuts in carbon emissions and the phasing out of all coal burning. Without these, the world faces a financial crash several times worse than the 2008 crisis, they said.
Merlin Entertainments switches to 100% renewable electricity for UK attractions
Legoland, Sea Life and Madame Tussauds operator Merlin Entertainments is now sourcing 100% renewably-generated electricity across its UK attractions, after signing a supply deal with green power firm Ecotricity.
IEA: Global carbon emissions set to rise in 2018, breaking five-year decline
The amount of carbon emitted by the world's most economically advanced nations is set to rise before the end of 2018, bucking a five-year decline in emissions, the International Energy Agency (IEA) has warned.
10 years on from the Climate Change Act, how far have we come?
The first line of the Climate Change Act passed in 2008 reads "it is the duty of the Secretary of State to ensure that the net UK carbon account for the year 2050 is at least 80% lower than the baseline".
COP24 Covered: edie analyses climate talks with series of mini-podcasts
As hundreds of world leaders, policymakers and climate experts meet in Poland to discuss how best to address some of the world's most pressing climate challenges, edie has launched a new series of podcast episodes which will round-up all of the key developments and major announcements for businesses, in under 10 minutes.
Banking giants pledge to align investment portfolios with Paris Agreement
BBVA, BNP Paribas, Standard Chartered and Société Générale have pledged to measure the climate-related impacts of their lending portfolios and assist companies they invest in with aligning their respective sustainability strategies with the Paris Agreement goals.
'We are last generation that can stop climate change' - UN summit
The UN climate change summit begins on Monday with a warning that today's generation is the last that can prevent catastrophic global warming, as well as the first to be suffering its impacts.
New EU plan comes out fighting for 'climate neutrality' by 2050
The European Commission has unveiled its much-anticipated plan for a "climate-neutral Europe" on Wednesday (28 November), in an effort to show EU countries how to stick to the goals of the Paris Agreement and endorse a shared long-term strategy.
UN: World must triple efforts or face catastrophic climate change
Countries are failing to take the action needed to stave off the worst effects of climate change, a UN report has found, and the commitments made in the 2015 Paris agreement will not be met unless governments introduce additional measures as a matter of urgency.
10 countries demand net-zero emission goal in new EU climate strategy
Ministers from ten EU countries have urged the European Commission to chart a "credible and detailed" path towards net-zero emissions in 2050, ahead of the launch of a landmark climate strategy next week.
Report: G20 nations off track to meet Paris Agreement goals, despite clean energy promises
Of the energy provided to G20 nations during the past 10 years, 82% was generated using coal, oil or gas - despite the bloc's promises to transition to clean power.
Global economic growth threatening climate change progress, report warns
The expansion in the global economy is undermining the world's efforts to achieve the objectives set out in the Paris Agreement, a new report from global consultancy Capgemini has warned.
Top European firms warned over lobbying against stronger climate policy
A group of investors worth $2trn has urged 55 major European businesses to review their relationships with organisations with lobbying practices "inconsistent" with the goals of the Paris Agreement.
Report: Few countries have emissions targets that match their Paris Agreement pledges
Most countries signed up to the Paris Agreement, including the UK, have failed to set domestic targets that are at least as ambitious as their pledged contributions, according to a damning new report.
World Cement Association aligns climate action strategy with 2C trajectory
Global non-profit World Cement Association (WCA) has released a climate action strategy targeting carbon emissions and waste management, in a drive to help the industry align with the Paris Agreement's goal of limiting the global temperature increase below 2C.
'Bad news' and 'despair': Global carbon emissions to hit new record in 2018, IEA says
Global carbon emissions will rise to a new record level in 2018, making the chances of reaching a target to keep temperature increases to 1.5 or 2°C "weaker and weaker every year, every month," the head of the International Energy Agency (IEA) has said.
Science Based Targets initiative to support businesses with 1.5C goals in wake of IPCC report
The Science Based Target initiative (SBTi) will place a renewed focus on assisting businesses in setting emissions reduction goals aligned with the 1.5C ambition of the Paris Agreement, a WWF official has revealed.
Sir David King: Urgent focus needed on climate 'restoration'
The UK Government's former chief scientific advisor Sir David King has called for a $150 carbon price to be implemented globally and for the UK Government to focus on a net-zero emissions policy for 2045 to start to "repair and restore" the climate.
IPCC 1.5C report: How can business drive the creation of a carbon-neutral world?
The UN's Intergovernmental Panel on Climate Change (IPCC) is celebrating its 30th birthday this year, and has done so by releasing a landmark report that acknowledges the severity of the challenge at hand. But how can business stop being part of the problem, and co-create the necessary solutions?
Business leaders call on EU to set net-zero emissions strategy
A group of business and civil society leaders, including Paul Polman, Christiana Figueres, Sir Richard Branson and Arianna Huffington, has called on the European Union (EU) to increase climate actions and "ensure targets are aligned with a just transition to net-zero emissions" by 2050.
No more 'Greenhush': Sir Ian Cheshire urges business to get vocal on sustainability
The chairman of Barclays UK and Debenhams had suggested that the business community has a "moral imperative" to deliver and communicate real change that brings in new business models to alleviate key climate concerns.
Report: UK leading G20 in low-carbon transition
The UK is leading the rest of the G20 nations in transitioning towards a low-carbon future by decoupling emissions from economic growth, although global decarbonisation rates aren't currently strong enough to meet the ambitions of the Paris Agreement.
World 'nowhere near on track' to avoid warming beyond 1.5C target
The world's governments are "nowhere near on track" to meet their commitment to avoid global warming of more than 1.5C above the pre-industrial period, according to an author of a key UN report that will outline the dangers of breaching this limit.
UK commits to Carbon Neutrality Coalition to deliver net-zero emissions
Prime Minister Theresa May has confirmed that the UK will be joining 18 other countries that have committed to reaching net-zero emissions by 2050 at the earliest, while also setting aside £160m to help developing nations transition to cleaner energy systems.
EU must end new petrol and diesel car sales by 2030 to meet climate targets - report
New petrol and diesel car sales in Europe must be phased out before 2030 if the auto sector is to play its part in holding global warming to the Paris agreement's 1.5C goal, a new analysis has found.
Global Climate Action Summit: Lack of government climate ambition balanced by non-state action
San Francisco's Global Climate Action Summit ended on 14 September with non-state actors sending a call to action to governments ahead of the crucial COP24 in December, while highlighting their pivotal role in reducing emissions and reaching climate targets.
ING to align £450bn investment portfolio with Paris Agreement goals
ING has revealed that it will work with the companies covered by its £456m ($600bn) green investment portfolio to help align their respective sustainability strategies with the aims of the Paris Agreement.
Science-based targets driving corporate climate commitments to new heights
More than 130 corporates have committed to set science-based emissions reduction targets in line with the 2C trajectory outlined in the Paris Agreement this year, covering one-eighth of total market capitalisation.
The Climate Coach: Transport
It will take you twenty minutes to get there - depending on traffic. Not an unusual statement wherever you live. People design cities and communities and yet often it is people that seem to be least considered as most of the space for movement is taken up by cars, vans and lorries. Pedestrians are pushed to the side and cyclists must brave traffic with a risk for their lives.
Future gazing the role of the sustainability profession
It's a tricky thing, predicting the future. So, before looking forward let us reflect upon on what changes we've seen in the CRS profession over the last 20 years. There's no doubt we are a profession that is growing in maturity, and yet still evolving.
Emissions commitments from business and authorities 'insufficient’ to meet Paris goals
Even if the 2,175 companies and 8,419 cities, states and regions to have made emission-cutting commitments achieve their pledges in full, the result will not be sufficient to realise a 2C trajectory in line with the Paris Agreement.
Report: EU carbon prices could hit €40 over next five years
European Union (EU) carbon prices could more than double to €40 per tonne between 2019 and 2023, spurring the transition away from coal power across the bloc.
Ball Corporation commits to science-based targets tackling supply chain emissions
Global packaging firm Ball Corporation has set new science-based targets within the company's direct operations and across its supply chain to reduce its emissions intensity by 58% by 2030.
edie at 20: Despite the idiocy that is Brexit, we can do it
For edie's 20th anniversary, prominent environmental peer Lord Deben reflects on green policy, Brexit, carbon budgets and flat-earthers.
Earth Overshoot Day: How businesses can 'move the date' to create a sustainable future
Today (1 August) marks Earth Overshoot Day, the date when humanity consumes more from nature than the planet can renew in a year. The urgent need to "move to the date" back is clear and edie explains how businesses can help by reinvigorating approaches to corporate sustainability.
More than 100 MPs back calls for net-zero emissions target
More than 100 MPs have now signed a letter calling on Prime Minister Theresa May to establish a net-zero emissions target for 2050.
edie at 20: How did sustainability become so business-critical?
edie's 20th anniversary as a sustainable business media brand is an ideal opportunity to remind ourselves of the past two decades of corporate sustainability, which have seen it evolve from an environmental add-on to a fundamental aspect of growth.
What's the business case for climate science?
Let's be honest, the transition to a low carbon economy is going to require some difficult and far-reaching change from most companies and sectors. But emerging leadership from the corporate world is showing that remodelling business strategies around climate science is already driving innovation, growth and other business benefits.
Aldi exploring emissions reduction goal aligned to Paris Agreement
The UK's fastest growing supermarket Aldi will align its future sustainability strategy "well below" the 2C target set by the Paris Agreement, the company's international managing director of corporate responsibility, Sven van den Boomen, has claimed.
China, EU reaffirm Paris climate commitment, vow more cooperation
China and the European Union on Monday reaffirmed their commitment to the Paris climate change pact and called other signatories to do the same, saying action against rising global temperatures had become more important than ever.
The Climate Coach: Renewable Energy
I have a dream, of a society where children play safely outside in green, common areas, where there are no cars. People travel to work in electric powered trains, buses and through electric car share. They walk and cycle to school, to the local shop and to meet friends. A dream where renewable energy sources provide all the power we need - for heating, electricity and transport - in businesses as well as in homes.
Molson Coors gets stamp of approval for science-based target
Multinational brewer Molson Coors has had its target of halving greenhouse gas (GHG) emissions from its operations by 2025 approved by the Science Based Targets Initiative (SBTi).
Ireland becomes world's first country to divest from fossil fuels
The Republic of Ireland will become the world's first country to sell off its investments in fossil fuel companies, after a bill was passed with all-party support in the lower house of parliament.
Mayors urge EU to aim for net-zero emissions by 2050
The mayors of ten major European cities -including Paris, London, Milan and Barcelona - have issued a joint call for the EU to achieve net-zero carbon emissions by 2050, in line with the Paris Agreement.
UK among nations to pledge stronger climate ambition
The UK has joined 22 other countries in signing a pledge to explore the potential to step up their climate commitments before 2020 and calling for other nations to do the same.
EU countries 'off target' on carbon emissions: report
Most European nations are set to miss their carbon reduction pledges made as part of the Paris Agreement, according to a new ranking of "good", "bad" and "ugly" countries published today (18 June) by Europe's leading NGO coalition on climate change.
Ikea gets stamp of approval for 80% science-based emissions target
The Ikea Group has had its target of reducing greenhouse gas (GHG) emissions from its stores and operations by 80% by 2030 approved by the Science-Based Targets Initiative (SBTi).
It's time we embrace the fierce urgency of now
Jonathon Porritt recently provided the foreword to edie's flagship 2018 report for the Mission Possible campaign, which explores how businesses are scaling up effort and innovation across all areas of development to achieve a sustainable future.
Businesses, NGOs make joint plea for higher EU ambition on climate change
A unique coalition of businesses and investors representing over €21 trillion in assets have joined forces with local authorities and civil society groups to urge EU leaders to accelerate the transition to a zero-carbon economy in order to keep global warming below 2°C.
Paris Agreement ‘G6’ formed as Trump skips climate meetings
As the G7 summit in Canada came to a close, leaders of the so-called "G6" nations reaffirmed their commitment to the Paris Agreement, while President Trump asserted that the US would instead prioritise energy security and economic growth over carbon reductions.
Ikea to ban single-use plastics, targets 'climate-positive' status under new strategy
Removing all single-use plastics products from its range globally, eliminating more greenhouse gas emissions than its value chain emits, and generating more renewables than it consumes are all headline goals of Ikea's updated People and Planet Positive strategy.
World Green Building Council calls for net-zero building sector by 2030
The World Green Building Council (WorldGBC) has called on the built environment sector to set ambitious targets that eliminate carbon emissions for building portfolios by 2030, in order to meet the targets of the Paris Agreement.
Report: Circular economy a 'powerful force' to meeting Paris Agreement goals
Circular business models and greater material efficiency of products in the transport and built environment sectors could reduce emissions by 3.6 billion tonnes annually - putting the globe on course to meet the targets of the Paris Agreement.
'Carbon bubble' could spark global financial crisis, study warns
Plunging prices for renewable energy and rapidly increasing investment in low-carbon technologies could leave fossil fuel companies with trillions in stranded assets and spark a global financial crisis, a new study has found.
G7 countries pour $100bn a year into oil, gas and coal: study
Each year, at least $100bn goes to support the production and consumption of oil, gas and coal, according to a major new study published on Monday (4 June). That is despite a promise from all G7 and G20 members to stop subsidising fossil fuels by 2025.
Does Brexit offer the chance for UK to push climate action to new heights?
Despite mounting fears over the potential threats Brexit poses to the UK's green economy, industry leaders have claimed that leaving the EU could provide the nation with opportunities to innovate in order to remain a global leader in the sustainability sphere.
Why now is the time for corporates to set long-term targets for renewables
A new report from the International Renewable Energy Agency (IRENA) found that corporates have actively sourced renewable energy equivalent to the overall demand of France, but renewables demand could soar if companies turned voluntary agreements into active goals.
UK insurers lead the ranks for climate action
UK insurance companies Aviva and Legal & General have taken two of the top four spots in a ranking of global insurers on their climate strategies, but globally the sector is struggling to set climate targets in line with the Paris Agreement.
Hilton to halve environmental impact, starting with plastic straw ban
Global hospitality firm Hilton has unveiled a number of new sustainability ambitions that has seen it become the first in its sector to set an approved science-based target, alongside goals to halve water use and waste and remove plastic straws from its estate by the end of the year.
Energy storage revolution within 10 years is essential, says E.ON boss
EXCLUSIVE: E.ON chief executive Michael Lewis has claimed that an energy storage revolution must happen within a decade if the world is to meet the Paris Agreement goals.
Developing nations call for 'urgent' action to develop Paris Agreement rulebook
A network of some of the least developed countries in the world has called on developed economies to turn "concepts into action" by accelerating the implementation of a 'rule book' for the Paris Agreement through increased climate finance.
Allianz pledges to stop insuring coal plants as pressure mounts on insurance industry
Financial services firm Allianz has set a target to eliminate its insurance coverage for coal, amid heightened pressure on the industry to end its support for the fossil fuel.
Most countries failing on Paris Agreement pledges, report warns
Many governments are not on course to meet their Paris Agreement commitments, according to a damning new report which shows a host of countries across the globe are not yet willing or able to phase out coal.
EU proposes 25% 'climate quota' in new long-term budget
The clean energy transition and other initiatives to decarbonise Europe's economy will represent 25% of EU spending under a seven-year EU budget plan put forward by the European Commission on Wednesday (2 May).
Commonwealth to 'pursue' 1.5C Paris goal
The 53 member states of the Commonwealth have agreed to renew commitments to the Paris Agreement that would "pursue" efforts to limit temperature increase to 1.5 degrees Celsius above pre-industrial levels.
Whitbread sets science-based target to halve emissions intensity
The UK's largest hospitality company Whitbread, has pledged to halve emissions in the next seven years as part of an "industry-leading" science-based target.
UK to review climate target raising hopes of a zero emissions pledge
The UK is to review its long-term target to cut climate emissions as part of global efforts to curb rising temperatures, the government has announced.
More than 100 corporates have science-based targets approved
L'Oréal and Electrolux are among the latest businesses to have their emission reduction goals approved by the Science Based Targets initiative (SBTi).
Climate change mitigation should be viewed as business opportunity, says London Stock Exchange
Businesses and investors should focus more on measuring and reporting the positive impacts of sustainability efforts rather than purely analysing the risks posed by climate change, according to the sustainability manager of the London Stock Exchange Group.
Report: zero emissions target needed to push UK beyond Paris Agreement
The government should publish a target by 2020 for achieving "net zero" emissions, according to a new report.
International Maritime Organisation 'too slow' on emissions strategy
The International Maritime Organisation has moved too slowly on drafting its greenhouse gas strategy and reducing emissions from shipping, Transparency International has warned, urging the global shipping regulator to improve its governance, transparency and efficiency.
NatWest delivers £3.5bn low-carbon lending in three years
Banking giant NatWest has pledged to deliver of £10bn lending to UK renewable energy and energy efficiency projects by 2020, having provided £3.5bn over the past three years.
McDonald's to reduce emissions by a third under approved science-based targets
McDonald's has become the first global restaurant company to have an emissions reduction target approved by the Science-Based Target Initiative (SBTI), as the fast food giant outlines plans to reduce carbon emissions by 150 million tonnes.
The path to public-sector sustainability is paved with good intentions
As part of edie's latest sector insight report, the Carbon Trust's managing director for programmes and cities Richard Rugg charts the progress being made across the sector towards a sustainable future.
Climate policies place $1.6trn fossil fuel costs at risk, report warns
Fossil fuel companies are exposed to $1.6trn in potential expenditure by basing business decisions on existing policies rather than international climate goals, while businesses committed to sourcing 100% renewable electricity will require $94bn to reach their goals.
Balearics launch pioneering plan to phase out emissions
The Balearic islands' government has launched a pioneering plan to phase out greenhouse gas emissions by 2050, potentially setting itself on a collision course with the Spanish government.
8 global sustainability trends to watch out for in 2018
Over the past 12 months, challenges around addressing sustainability issues have featured consistently in global headlines. Despite mixed political messages about our transition to a low-carbon future, the private sector has continued to drive sustainability up the business agenda; from Science Based Targets (SBTs) and Sustainable Development Goals (SDGs) to increased investor scrutiny over non-financial reporting.
Ørsted chief calls for 'high pace' climate and SDG action
Danish energy giant Ørsted's chief executive has highlighted the severe threats of climate change and the unique opportunities of the Sustainable Development Goals (SDGs) in the company's latest sustainability report, which outlined the company's transition away from fossil fuels.
Businesses accelerate progress towards 100% renewables
Renewables are becoming the energy source of choice for corporate electricity users, according to a new report by The Climate Group published in Davos on Tuesday (23 January), which shows a growing number of multinationals lining up to meet 100% of their power needs from green power.
Introducing the Climate Coaching Blog Series
Climate change is the most pressing and critical challenge humanity has faced in its history. We don't have the time to rely on regulators to pass appropriate climate mitigation and adaption legislation. Climate action from across all industry sectors, whatever the size of organisation is essential, required and indeed increasingly demanded by customers and consumers. To address this, I am writing a sequence of blogs called the Climate Coaching Series, here on edie.net, where I will be exploring climate action and answering the questions of what organisations can do to benefit people, profit and planet.
Nike goes 100% renewable across North America
Sportswear giant Nike is now more than half way towards its pledge to source 100% renewable energy globally, after signing a power purchase agreement with a Texan windfarm that will make the company's entire North American operations completely powered by renewables.
Sustainability leaders: hurry up!
Still time to book for the Sustainability Leaders Forum.
Report: Global emissions to plateau in 2030, but Paris goals out of reach
New insight from business advisors McKinsey Energy Insights has suggested that "major shifts" in the energy landscape driven by renewables and electric vehicles (EVs) will see global emissions plateau in 2030, but progress is nowhere near close to the 2 degrees Paris Agreement target.
2017 green policy review: A year of progress and pleasant surprises
What a difference a year makes. Let us briefly cast our minds back to the halcyon days of January 2017 - who would have thought that a widely-ridiculed Jeremy Corbyn would soon become favourite to be the next PM; that a divorced mixed-raced American actress would be about to enter the Royal Family, or that a vastly experienced England cricket team would succumb to a humiliating Ashes defeat Down Under before the Boxing Day test?
New opportunities for climate leadership in 2018
Cities and companies have raised the bar in tackling climate change this year - there are new opportunities for leadership in 2018.
SDGs and materiality: Let’s step it up in 2018
Why Simply Sustainable recommends to its clients that they include SDG mapping in their materiality assessments.
World Bank, major businesses and nations unite against coal funding
The One Planet Summit in Paris has signalled the beginning of the end for the coal industry, after the World Bank, numerous financial institutions and a group of nations and major businesses all pledged to phase out fossil fuel funding and use.
EU announces €9bn in funding for climate action
The European commission has announced funding of €9bn (£8bn) for action on climate change, one of a flurry of measures from governments, businesses and investors aimed at achieving the goals of the 2015 Paris agreement.
Meat tax 'increasingly probable' to help combat climate change
Investors have claimed that the implementation of the Paris Agreement will lead to some governments introducing a "livestock levy" that cuts meat consumption from diets, in a move than could avoid up to $600bn in climate damages by 2050.
Climate Action 100+: New investor initiative targets top 100 corporate emitters
More than 200 of the most influential investor institutions, with more than $26.3trn in assets under management, have today (12 December) launched a new global initiative to help the 100 largest corporate emitters reduce value chain carbon footprints.
Global companies call on nations to push for 'well-below' 2C Paris target
More than 50 global companies including Unilever, M&S and Adidas have called on nations meeting in Paris to discuss climate progress, to phase-out fossil fuel subsidies by 2025 and create the framework to limit global warming increases to well below 2C.
Xerox aiming for verified science-based target for 2018
EXCLUSIVE: Printing services company Xerox intends to have a verified science-based target in place when it launches new sustainability goals in 2018, as part of a commitment to the Paris Agreement that has been years in the making.
Clean Growth Strategy 'flexibilities' could put Paris goals at risk
The aspirations of the Clean Growth Strategy have been praised as a "step in the right direction" by green economy experts, but concerns have been raised that the Government's willingness to rely on banking and borrowing from carbon budgets could put the goals of the Paris Agreement at risk.
The key business takeaways from COP23
So, COP 23 has come and gone, with little attention in the media. Expectations were for a technically focused meeting, working through some of the detail needed to bring the Paris agreement to life. Does this mean that there was little in it of business interest? Far from it, there were some important outcomes that provide real opportunities for business leadership. Here are my key takeaways.
Climate finance, the sticking point in COP23
Rich countries had pledged to raise $100 billion each year in climate finance for developing countries by 2020. As of September 2017, they had pledged just $10.3 billion. And the question of who should pay remains unanswered.
What went on in Bonn: COP23 week two round-up
The second week of climate talks in Bonn came to a conclusion today (17 November), following a raft of new global alliances and climate pledges building momentum for the transition to a low-carbon future.
Microsoft shoots for Paris Agreement with 75% emissions reduction goal
Microsoft has pledged to reduce greenhouse gas emissions by 75% by 2030, in a move that will align the technology company's decarbonisation strategy with the 2C pathway target of the Paris Agreement.
Reports show businesses and regional governments making strong climate progress
As climate talks at Bonn enter the second week, two separate reports have detailed the progress of non-state actors including businesses, states and regions to reduce CO2 emissions in line with the Paris Agreement.
What went on in Bonn: COP23 week one round-up
An action-packed first week of international climate talks in Germany has come to an end, with a plethora of strong declarations and corporate commitments signifying a resolute collective intent to stick the path of the Paris Agreement.