The Paris Agreement
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.
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).
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.
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.
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.
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.
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.
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.
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.
US isolated as Syria signs the Paris Agreement
The US, the world's second largest emitter, is "out in the cold" as the only nation outside of the Paris Agreement on climate change, after Syria became the latest and last signatory to the global accord.
Carbon price among policy wishlist issued by businesses at COP23
Members of the World Business Council for Sustainable Development (WBCSD), including the chief executives of more than 200 international businesses, have called for governments to collaborate with the private sector to set meaningful carbon prices and improve climate resilience.
COP23: What does the Bonn climate summit mean for sustainability professionals?
As delegates from almost every nation arrive in Bonn to discuss the ways to prevent rising global temperatures from reaching catastrophic levels, edie takes a closer look at how developments at the UN climate summit could affect sustainability teams and their efforts to accelerate the shift towards low-carbon, resource-efficient business models.
HSBC pledges $100bn to sustainable finance
As Bloomberg New Energy Finance (BNEF) releases findings showing that energy investment in emerging markets suffered its largest year-on-year decline, HSBC has pledged to provide $100bn in sustainable financing by 2025 - as part of a new batch of climate-related commitments.
High street banks still financing fossil fuel growth
The UK's high street banks are profiting from some of the world's dirtiest fossil fuel projects despite committing to deliver the Paris Agreement goals of limiting global warming to below 2C.
Huge private sector investment puts Paris climate target in reach, says report
At least one trillion dollars are being invested globally in ways to reduce the threat of climate change, including renewable power, energy efficiency, and public transport around the world.
Just 30% of top 250 firms have strong goals to curb emissions, research finds
Researchers have warned that only 30% of the world's top 250 listed companies have set strong goals to curb global warming, despite the group accounting for a third of all carbon emissions.
Put 'cows alongside cars' at COP23, investors urge
With COP23 set to start in Bonn next week, an investor network is calling on developed countries to prioritise the "elephant in the room" at the UN talks, by tackling livestock sector emissions.
UN: World must act now to close 'unacceptable' emissions gap
As figures show that levels of CO2 in the atmosphere increased at record speed last year, a stark UN report has warned that there is an "unacceptable" gap between national pledges and the emissions reductions required to meet the Paris Agreement's climate targets.
G20 falls behind on national decarbonisation pledges
The UK is "strongly outperforming" the rest of G20 in decoupling emissions from economic growth, but businesses and governments have been warned that the goals of the Paris Agreement won't be achieved with current decarbonisation ambitions.
CDP: Science-based targets needed to 'pick up the pace' on corporate action
Emissions targets from large corporates are around one-third of the way to bringing the private sector on a trajectory to keep global warming below 2C, highlighting the need for more science-based targets, new analysis from CDP has found.
Aim Higher: Business can 'pioneer' climate agenda by targeting 1.5C pathway
Government and business commitments to align practices with a 1.5C pathway are "practically non-existent", but companies have the chance to become "true pioneers" of the climate movement by raising ambitions, a new report from the Carbon Trust claims.
MEPs urge EU to ratchet up climate ambitions ahead of UN summits
The European Parliament on Wednesday (3 October) backed a resolution that calls on the EU to increase its 2030 climate targets and to come up with a mid-century zero-emissions strategy before an all-important UN summit in 2018.
Christiana Figueres: Corporate leadership on climate change set to hit critical mass
Former UN climate change chief Christiana Figueres has expressed confidence that the amount of businesses taking a leading stance on the Paris Agreement goals will hit critical mass "pretty soon".
EU to aim for 100% emission cuts in new 'mid-century roadmap'
The European Commission is preparing an update of its low-carbon economy roadmap for 2050, acknowledging that the bloc's current target of cutting greenhouse gas emissions at least 80% by mid-century are insufficient, edie's content partner EurActiv.com has learned.
Lib Dems propose 'carbon-free' Britain by 2050
The Liberal Democrats have urged the Government to bring forward the UK's climate targets by a decade as a new report suggests that the country is on course to miss the Paris Agreement objectives.
Report: Existing business pledges keep US on track with Paris goals
The action of US states, cities and businesses could "significantly mitigate" the impact of the US decision to withdraw from the Paris Agreement, according to new research.
Investors implore banking firms to champion climate disclosure
More than 100 investors with $1.8trn under management have written to the chief executives of 60 of the world's largest banks, including HSBC and Bank of America, calling for better disclosure and implementation on climate risks in their investment portfolios.
BT sets 87% carbon reduction target to help meet Paris Agreement goals
After reaching a carbon target four years ahead of schedule, BT is setting itself on the path to help limit global warming to 1.5C through a new science-based target to reduce emissions by 87% by 2030 against a 2016/17 baseline.
Building the story: How Mars got boardroom buy-in for its $1bn sustainability strategy
As Mars unveils a new corporate strategy to reduce emissions by 67% by 2050, edie's senior reporter Matt Mace speaks to the company's global director of sustainability Kevin Rabinovitch, to discuss how his team secured a $1bn backing from the company's chief executive.
World set to exhaust carbon budget in 2040s, despite predicted energy plateau
A "watershed moment in human history" will occur in 2030 as energy demand plateaus, although the rapid decarbonisation of the global energy supply will still deplete the carbon budget for the goals of the Paris Agreement by 2041.
Global warming unstoppable without geo-engineering, says study
The international community has already missed its chance to limit global warming to between 1.5 and 2 degrees Celsius, according to a new study by Switzerland-based researchers. But a solution to the problem could lie in geo-engineering technologies.
Al Gore: Trump has failed to knock Paris climate deal off course
Donald Trump has failed to knock the Paris climate agreement off course despite his efforts to derail it, according to the former US vice president Al Gore.
Earth Overshoot Day: Humanity has exhausted all of 2017's natural resources
Humanity has already used up its entire annual budget of planetary resources such as water, soil and clean air on the earliest day of the year since the Earth first went into "overshoot" in the early 1970s, according to research organisation Global Footprint Network.
Planet has just 5% chance of reaching Paris climate goal, study says
There is only a 5% chance that the Earth will avoid warming by at least 2C come the end of the century, according to new research that paints a sobering picture of the international effort to stem dangerous climate change.
RE100 targets 500 companies after hitting 100-member milestone
EXCLUSIVE: The Climate Group's RE100 initiative to get firms to source 100% renewable electricity is targeting 500 members by 2020, with each signatory encouraged to promote the initiative to its suppliers, after passing the 100-member milestone on Tuesday (11 July).
Reports: PM excludes climate change from G20 key priorities
As reports suggest that Theresa May has excluded climate change as one of her key priorities at the G20 summit which starts in Germany today (7 July), a new Greenpeace report has predicted that wind and solar power will be the cheapest form of power in all G20 countries by 2030.
TCFD: Businesses worth $2trn back final climate disclosure recommendations
More than 100 businesses including Unilever, Barclays and HSBC, have publicly committed to support the final recommendations listed by the Task Force on Climate-related Financial Disclosures (TCFD), which seeks to disclose climate information as part of mainstream financial statements.
It's time for ACTION: 14 green policy priorities for the new UK Government - Part two
A decentralised energy system, more ambitious renewable energy targets and a stronger low-carbon heat and transport policy are all listed in the second part of edie's feature exploring the most critical areas of green policy that Theresa May's new Government must prioritise.
Eating for 2 degrees: Dietary changes can help UK hit Paris Agreement, says WWF
A new report from WWF has suggested that farmers, retailers and the UK Government should promote the consumption of fruit and vegetables to deliver a 30% emissions reduction and place the UK on the pathway to limit global warming to well below 2°C.
Queen's Speech: Government reiterates support for Paris Agreement and low-carbon Industrial Strategy
The Queen's Speech has outlined the Government's commitment to maintain global climate change leadership, alongside proposals to ensure the electric vehicle (EV) market begins to thrive over the upcoming years.
Apple targets supply chain efficiency through $1bn green bond
Apple has launched a dedicated funding stream to finance clean energy and environmental projects, through a $1bn green bond.
Compete and collaborate: The balancing act that will accelerate corporate sustainability
EXCLUSIVE: Businesses that thrive in the low-carbon economy will be those that can balance the necessity of collaboration to tackle global megatrends with an inherent competitive nature that drives efficiency improvements.
Paris Agreement: Why Member States are stronger without Donald Trump's meddling
The impact of the US' announced withdrawal from the Paris Agreement has been played down by climate experts, in the same week that a group of green organisations called on the next UK Prime Minister to defend the historic climate change deal.
'We are still in': US cities and businesses launch 'societal' commitment to the Paris Agreement
More than 900 companies, including Nike, Tesla, Google and Microsoft, have joined former New York Mayor Mike Bloomberg's declaration of defiance against Donald Trump's decision to withdraw from the Paris Agreement, with a vow to achieve and exceed the original commitment.
From Macron to Musk: World rallies behind #ParisAgreement following Trump's withdrawal
President Donald Trump's decision to withdraw the US from the Paris Agreement on climate change has drawn swift backlash from politicians, business leaders, celebrities and green groups across the world in a renewed effort to step up the fight against global warming.
Trump withdraws US from Paris climate agreement, but green business leaders remain defiant
US President Donald Trump has announced that the country is withdrawing from the Paris Agreement on climate change in a decision business leaders and green groups across the world have branded a political, economic and environmental failure of monumental proportions.
Reports: Trump set to announce US withdrawal from Paris Agreement
Reports have emerged detailing that US President Donald Trump has decided to withdraw the nation from the Paris Agreement, with a "small team" of executives deciding on the formal exit route.
Greener UK debate: Parties trade blows over environmental ambitions ahead of election
Environmental representatives from the UK's major political parties clashed last night (30 May) over international climate change leadership and other key green policy issues at a General Election hustings event in London.
Power sector urged to adopt world's first investment-grade carbon pricing mechanism
Financial heavyweights including Bank of America, Barclays and Hermes Investment Management have teamed-up to introduce the world's first investment-grade carbon pricing system for the power sector, aimed at aligning company operations with a 2°C pathway.
UN chief: Climate-aware businesses will dominate economy of tomorrow
The new Secretary-General of the United Nations (UN) has said that businesses that invest in low-carbon technologies to reduce emissions will become the future leaders of the global economy.
Musk, Polman and Branson among business leaders urging Trump to stay in the Paris Agreement
The mailbox at the Whitehouse is in danger of overflowing, as another letter - this time from 30 chief executives of some of the largest US firms - called on President Donald Trump to "champion" economic growth by staying in the Paris Agreement.
UK financial markets exposed to embedded fossil fuel reserves
UK businesses and investors may be inadvertently sitting on more than 15,000 tonnes of stranded fossil fuel asset emissions that could impact how the nation commits to a 2C energy scenario, new research has found.
Clean energy revolution 'locked in' by business aspirations, says Obama
The former US President Barack Obama has dismissed fears that the Trump administration could scupper clean energy growth in the US, but suggested that no country could afford to "sit on the sidelines" when combatting climate change.
Investors worth £11bn urge Trump to stick with Paris Agreement ahead of withdrawal decision
An investor group worth more than £11.5bn has urged Donald Trump to maintain support for the Paris Agreement, amid rife speculation that the President could seek to pull out the US from the landmark climate change deal as early as this week.
100 Days of Trump: Timeline of the President's environmental agenda
Saturday (29 April) marks President Donald Trump's 100th day in office and edie has created a timeline showcasing the numerous impacts the Republican has had on climate policy in the US.
Businesses push for renewed European focus on building renovations
A coalition of 300 businesses and organisations, including E.ON, Philips and Triodos Bank, has called on the European Union to take a leadership role in cutting emissions from existing building stocks, in order to reach the ambitions of the Paris Agreement.
Science-based targets 'critical' to achieve 2C world, BITC survey finds
The adoption of science-based-targets and the engaging with the supply chain are two of the biggest challenges facing sustainability professionals in the next decade, according to new research from Business in the Community (BITC).
Report: Halving global emissions by 2040 achievable if businesses act now
Businesses must act now to halve global emissions by 2040 and "set the stage" for further reductions required in the second half of the century, according to new research from a diverse group of investors, companies and NGOs.