The Paris Agreement
Dozens of investors slam IEA over fossil fuels and renewables projections
Allianz, Zurich Insurance Group and Orsted's pension fund are among 65 finance bodies to have written to the International Energy Agency (IEA), urging to body to hep global energy firms align with the Paris Agreement.
European Investment Bank to end financial support for fossil fuels by 2021
The European Investment Bank (EIB) has unveiled a new energy lending policy that will stop all financing for fossil fuel projects at the end of 2021 and unlock €1trn in sustainable development over the next decade.
Report: Climate change could 'wipe out decades of public health gains', hitting children the hardest
Without more ambitious action to limit global warming in line with the Paris Agreement, children born today will face "persistent and pervasive" climate-related health impacts throughout their lives, a major new study has warned.
Just one in 10 of world's largest energy firms have net-zero targets, report finds
Just 10% of the world's largest 132 coal, electricity and oil and gas companies have set time-based commitments to reduce their greenhouse gas emissions to net-zero, with just three companies also pledging to reduce indirect emissions as well.
Beyond Carbon: The $500m plan to create a low-carbon US, with or without Trump
EXCLUSIVE: President Donald Trump may have officially kickstarted the process to withdraw the US from the Paris Agreement, but there is a movement of cities, states and businesses that is driving the nation towards 100% clean energy, with or without support from the federal government.
Trump begins withdrawal process from Paris Agreement
Donald Trump has on Monday (4 November) officially triggered the process of withdrawing the US from the Paris Agreement climate accord, which will make the world's largest economy the only nation outside of the agreement.
COP25: Madrid confirmed as new hosts of climate summit
UPDATED: The UN has confirmed that Madrid will host the COP25 climate summit, after Chile cancelled their option to host the event in early December following weeks of violent protests based on civil unrest.
Oil and gas giants must cut production by a third to meet climate targets
The world's largest oil and gas companies must cut combined production by 35% by 2040 if nations are the meet the collective ambitions of the Paris Agreement and limit global warming to below 2C, a new report from Carbon Tracker has found.
Paris is always a good idea: Why modern slavery needs a proper framework and definition
Dr. Joy Murray, Dr. Arunima Malik and Dr. Darian McBain look at the need for modern slavery to be properly defined on a global level and how effective initiatives to combat it can also have an effect on climate change.
British Airways sets net-zero commitment, plans to offset domestic flight emissions
International Airlines Group (IAG), the parent company of British Airways (BA), has become the first airline group to commit to reaching net-zero carbon emissions by 2050, as BA also announces plans to offset all domestic passenger flight emissions next year.
Bloomberg and mayors call for Global Green New Deal to 'marry economy and ecology'
The Mayors of cities including Los Angeles, Copenhagen and Paris have issued a rallying call for the adoption of a Global Green New Deal that recognises the threat of the climate emergency and strives to transition to a low-carbon future through a fair and just transition.
One year on: How the IPCC report has redefined sustainable business leadership
One year ago today (8 October), the Intergovernmental Panel on Climate Change (IPCC) published what it described as its "landmark" report on global heating. While the pressure the paper's findings would place on governments was obvious from day one, the study's impact on business has been continually evolving - as explored by edie reporter Sarah George.
Investor pressure slowly pushing firms to set net-zero targets
An investor group overseeing more than $35trn in assets has seen positive responses from corporates on calls to cut net emissions to zero by 2050, despite the group's first progress report finding that just 9% of the companies it has focused on have set targets aligned with a 2C warming.
UK Government will continue to invest in fossil fuels overseas, despite MPs' concerns
The Government has broadly rejected a string of recommendations from MPs aimed at decarbonising the portfolio of the UK's export credit agency, which has continually been found to be financing fossil fuel projects in developing nations.
Everything you may have missed: The sustainability success stories of the UN Climate Summit
As the week of the UN's Climate Action Summit in New York draws to a close, edie highlights the numerous new green commitments, events and announcements made by businesses.
Sea-level rise to affect one billion people by 2050, landmark IPCC report reveals
The Intergovernmental Panel on Climate Change (IPCC) has today (25 September) published its highly anticipated landmark report detailing how climate change will affect the world's oceans and cryosphere, and the impacts this will have on human health, the economy and wildlife.
Multiplex Europe raises carbon ambitions with 1.5C science-based target
Multiplex Europe, the construction firm behind huge London developments including 100 Bishopsgate, has announced that it has increased its science-based target to account for the 1.5C ambition of the Paris Agreement.
'Unprecedented': Investors responsible for $2.4trn commit to net-zero alignment
A group of finance giants, collectively responsible for investments worth $2.4trn, have committed to ensuring that their respective portfolios are carbon-neutral by 2050.
Most of world's biggest firms 'unlikely' to meet Paris climate targets
More than four-fifths of the world's largest companies are unlikely to meet the targets set out in the Paris climate agreement by 2050, according to fresh analysis of their climate disclosures.
Embodied carbon: WorldGBC embarks on 'radical' new approach towards net-zero
EXCLUSIVE: The World Green Building Council (WorldGBC) has issued a new report outlining how companies in the sector can focus on both operational and embodied carbon to reach net-zero emission buildings by 2050, warning the companies ignoring this new approach could be "outpaced by the innovators".
Banks representing one-third of global market to align with Paris climate targets
A coalition of 130 banks, representing one-third of the worldwide banking sector, have committed to aligning their actions with the aims of the Paris Agreement.
87 major firms commit to setting 1.5C science-based targets
L'Oreal, Inter Ikea Group and Nestle are among a coalition of 87 corporates to have today (22 September) committed to set science-based emissions reductions targets in line with the Paris Agreement's more ambitious 1.5C trajectory.
Amazon commits to net-zero by 2040 following staff protests
E-commerce giant Amazon has pledged to reach net-zero carbon emissions across its operations by 2040, after its staff lobbied for the firm to take more bold action on climate change.
Global decarbonisation efforts 'stall', pushing climate goals out of reach
Global decarbonisation efforts will need to be seven times greater than current efforts, if the world is to stand a fair chance of limiting global warming to 1.5C, according to a new PwC report which found that the rate of global decarbonisation has slowed to its lowest level since 2011.
Nestlé sets net-zero climate goal for 2050
Nestlé has today (12 September) unveiled wide-sweeping plans to enhance carbon sequestration, procure 100% renewable electricity and launch more food and drink products that have improved environmental footprints, as part of an overall goal to reach net-zero emissions by 2050.
Oil and gas companies risking £1.8trn in stranded assets during low-carbon transition, report warns
Oil and gas companies have spent £40.5bn ($50bn) on investment projects that undermine the Paris Agreement, with a new report from think tank Carbon Tracker warning that major companies risk wasting £1.8trn ($2.2trn) on stranded assets by 2030.
Pope and Archbishop of Canterbury urge 'drastic measures' on climate change
Both Pope Francis and Archbishop of Canterbury Justin Welby have called for greater global action to tackle climate change, in speeches made to mark the UN Climate Summit and the Global Ethical Finance Summit respectively.
Rolls-Royce teams with Norway's largest regional airline on zero-emission aircraft scheme
Rolls-Royce is partnering with the largest regional airline in Scandinavia on a joint research programme aimed at unlocking and developing technology to enable zero-emission aviation.
Ben & Jerry's, Patagonia, Lush and Seventh Generation to take part in global climate strikes
Major US firms Ben & Jerry's, Patagonia, Lush Cosmetics and personal care firm Seventh Generation have agreed to close stores on 20 September to join the worldwide day of climate strikes.
'Adaptation alone will not be enough': Climate change to shrink global GDP by 7% by 2100
A "business-as-usual" approach to climate mitigation and carbon emissions will see 7% of global GDP disappear by 2100, with the UK down's economy down 4%, according to a new report predicting that all nations will be hit by climate change impacts.
Glasgow lined up to host COP26 climate change summit
Glasgow is set to host the COP26 climate change summit next year, should the UK win the bid to host the international event, the Government has said.
Swedish lessons: Can data management enable the UK to deliver a net-zero economy?
The UK's net-zero climate target has been widely welcomed, but is currently lacking some actual points of delivery. Fortunately, Sweden's own net-zero target can teach politicians some interesting lessons, including how big data and digitisation can mobilise action plans.
Cambridge becomes first university to set 1.5C science-based targets
The University of Cambridge has become the first higher education institution in the world to set science-based targets in line with the Paris Agreement's more ambitious 1.5C trajectory.
Business giants commit to delivering net-zero strategies
More than 20 companies, including Telefonica, Vodafone and Unilever, with a total market capitalisation of more than $1.2trn have committed to setting science-based targets aligned to 1.5C reductions and net-zero emissions for 2050.
How Burberry joined the business elite in setting a 1.5C science-based target
EXCLUSIVE: As Burberry became the latest corporate to set a science-based target aligned to the Paris Agreement's most ambitious pathway, the company's vice president of corporate responsibility outlined how the goal was set, and what happens next.
Report: Nations must engage with private sector to achieve Paris Agreement
A new whitepaper from GRI and CDP has outlined the importance of increasing private sector engagement in meeting national climate change commitments made under the Paris Agreement.
Report: Just one-eighth of corporates aligning with Paris Agreement
An analysis of 274 corporates across the world's most carbon-intense sectors has found that just one in eight are reducing their emissions in line with the Paris Agreement's less ambitious trajectory of 2C.
Sir David Attenborough: 'Radical' battle against climate change can be a 'huge opportunity'
Sir David Attenborough has welcomed that the UK's net-zero carbon emissions target, noting that any nation that can "get ahead of the game" on the climate movement can generate huge economic and societal opportunities, provided "radical change" is introduced.
EU leftists demand 'climate emergency' Parliament committee
The European Parliament's leftist group (GUE/NGL) has proposed setting up a special climate emergency parliamentary committee to shift the spotlight on to green issues even more over the next five years.
Co-op to halve emissions with 1.5C science-based target
The Co-op has joined a select group of business leaders committed to aligning emissions reduction strategies with the highest ambition of the Paris Agreement, after pledging to halve its greenhouse gas emissions by 2025.
UN climate talks end amid major questioning of landmark 1.5C IPCC report
Climate negotiations ended in Bonn, Germany, Thursday (27 June), with Saudi Arabia questioning the scientific value of the UN's 1.5 °C global warming report. No agreement has been reached on the carbon mechanisms enshrined in Article 6 of the Paris Agreement.
Burberry to reduce emissions by 95% through approved 1.5C science-based target
Luxury fashion giant Burberry has joined just a handful of companies in setting a science-based target aligned to the 1.5C trajectory of the Paris Agreement, after committing to reducing its operational emissions by 95% by 2022.
UK looks set to host COP26 in partnership with Italy
The UK has formally proposed its intention to host next year's international COP climate conference as part of a partnership with Italy that will see the latter host a pre-COP event.
The Global Goals: Can the 'long-term North Star' guide businesses to value creation?
At edie Live, experts from the private and public sectors discussed business progress on the Sustainable Development Goals (SDGs). Here, edie explores whether there's still time left for sustainability and energy professionals to harness the Global Goals to truly transform business, for good.
Unilever boss calls for business push on net-zero emissions
Unilever's new chief executive Alan Jope has written to trade associations and business groups that the consumer goods giant is a member of, asking for clarity on whether they believe a transition to net-zero emissions by 2050 is essential.
Carbon Credentials to cut Scope 3 emissions through approved science-based target
Energy and carbon management company Carbon Credentials is ready to walk the walk on climate goals, after having new targets to reduce Scope 3 value chain emissions approved by the Science Based Targets initiative (SBTi).
Logistics giant HAVI sets science-based emissions targets
Global supply chain management and logistics firm HAVI has unveiled a new set of science-based emissions reductions targets, making it one of the first ten firms in its sector to align itself with the Paris Agreement.
Utility leaders support UK bid to host UN climate conference
Leaders in the energy and water sectors have pledged their support for the UK's bid to host the 2020 UN Conference of the Parties climate conference (COP26).
BP shareholders demand climate action, but reject calls for hard targets
An overwhelming vote in favour of climate action at BP's annual meeting yesterday (21 May) shows how activist investors have started to move the oil and gas industry. But it also showed the limits to their appetite for change.
Ecotricity responds to climate emergency with carbon-neutral goal for 2025
Green utilities firm Ecotricity has publicly declared a climate emergency, vowing to "upgrade" its current sustainability commitments to become a carbon-neutral business by 2025.
Chubb sets global science-based emissions targets
The world's largest publicly listed property and casualty insurance firm has set new carbon emission reduction targets, in line with the 2C trajectory outlined in the Paris Agreement.
Low-carbon transition puts $10trn at risk for inactive investors
A global coalition of financial investors has warned that more than $10trn (£7.7trn) in portfolio assets could be lost if the sector and governments fail to rapidly transition to a low-carbon economy.
Sustainable Business Covered podcast: Climate tipping points with Mars, ING, UPS and The Carbon Trust
Episode 62 of the Sustainable Business Covered podcast sees Matt and Sarah deliver interviews outlining how big-name companies in key sectors facing a climate tipping point are radically decarbonising their business to help spur climate action and transition to the low-carbon economy.
UK Government must align funding aid with 'net-zero' to tackle global climate challenges, MPs warn
The UK Government must place climate change at the centre of its foreign aid strategy and funding decisions if it is to help communities abroad mitigate - and adapt to - global climate challenges, a group of MPs have warned.
Report: Fashion sector stalling on sustainability progress, with high street giants holding industry back
The global fashion industry's overall efforts to operate more sustainability have slowed by one-third on a year-on-year basis, with actions failing to decouple emissions from the sector's rapid growth in a way that would align with the Paris Agreement's aims.
Report: Oil and gas firms failing to disclose climate-related financial risks
The world's largest oil and gas firms must disclose more information on the financial risks that climate challenges will pose to their business, or face losing investment and stakeholder trust.
Net-zero emissions by 2050: CCC publishes long-awaited recommendations for UK Government
The UK must "set and vigorously pursue" a bold new climate change target to reduce greenhouse gas emissions to 'net-zero' levels by 2050 – replacing the current target of an 80% reduction against 1990 levels – according to a major new report from the Committee on Climate Change (CCC).
'Government must act now': Green economy reacts to the CCC's net-zero report
Green leaders have come out in force to praise the Committee on Climate Change's report - and requested immediate action from the government on the issues raised from its findings.
High Court dismisses climate case against third runway at Heathrow Airport
The High Court has today (1 May) dismissed five claimants objecting the expansion of Heathrow Airport on grounds including pollution and climate change impacts, a decision criticised in light of the recent declarations of a "climate emergency" in the UK.
Net-zero emissions and a Green New Deal for the UK: Key business questions, answered
The Committee on Climate Change (CCC) is providing its highly anticipated advice on setting a net-zero emissions target to the Government during a time where calls for a Green New Deal continue to grow. Here, edie explores how the UK can set a new standard for climate change policy.
Business leaders call for EU net-zero target
The chief executives from more than 50 businesses, including Ikea, Unilever, Heathrow Airport and Interface have called on the European Union (EU) to create a long-term decarbonisation roadmap for a net-zero economy by 2050.
edie launches SDG Spotlight reports to highlight how businesses can achieve the Global Goals
edie has launched its first SDG Spotlight report, the first of many downloadable reports looking at how businesses can transform operations, services, supply chains and strategies to help achieve the Sustainability Development Goals (SDGs), with the first focusing on Goal 13: Climate Action.
UK's 'creative carbon accounting' breaches climate deal, say critics
The UK is breaching the Paris agreement on climate change by excluding international aviation and shipping figures from carbon budgets, according to a leading NGO.
Verizon targets carbon neutrality by 2035
US-based telecommunications and technology giant Verizon has pledged to achieve carbon neutrality across its Scope 1 (direct) and Scope 2 (electricity and heat) footprints by 2035.
Oxford City Council to create citizens assembly to assist with climate change targets
Following a week of climate-related protests in London, Oxford City Council has announced its intention to become the first UK local authority to create a "citizens assembly" to assist with the establishment of new carbon targets and climate mitigation strategies.
'You did not act in time': Greta Thunberg's full speech to MPs
Read the full text of the speech Greta Thunberg gave to MPs at the Houses of Parliament, originally hosted by the Guardian.
Extinction Rebellion: Role of business in society is being defined by climate change
As thousands of climate protestors continue to blockade key London landmarks as part of the Extinction Rebellion protests, businesses have been warned that action or inaction to combat climate change will define their role in future societies.
Local and regional governments have the answer for the climate change conundrum
How do we meet the goals of the Paris Agreement on climate change? That is the burning question on the minds of countless individuals, and the answers may well reside in our local and regional governments.
UK emissions linked to annual Arctic ice loss larger than four cities
WWF has measured the impact of the UK's carbon emissions on ice loss in the Arctic for the first time, concluding that the nation's 2018 emissions caused the loss of more than 1000km2 of Arctic sea ice.
Shell taken to court over climate impacts and alleged human rights 'violations'
Oil and gas giant Shell is facing legal actions over "slow" progress in reducing its emissions, improving its human rights protections and eliminating oil spills, with green campaign group Friends of the Earth's (FoTE) Netherlands arm claiming its current business model is "wrecking the climate".
Brexit eclipses climate talks in leaked EU summit draft
EU heads of states are expected to reiterate earlier commitments on climate action when they meet in Brussels later this week, despite growing calls from youths across Europe to step up the fight against global warming, according to a draft EU summit statement seen by EURACTIV.
DSM emissions goals approved by Science Based Targets initiative
Science-based reduction targets for greenhouse gas (GHG) emissions have been put in place by global nutrition, health and sustainable living firm Royal DSM.
Sharp rise in Arctic temperatures now inevitable, UN warns
Sharp and potentially devastating temperature rises of 3C to 5C in the Arctic are now inevitable even if the world succeeds in cutting greenhouse gas emissions in line with the Paris agreement, research has found.
Five EU countries call for 100% renewable energy by 2050
The European Union's 28 energy ministers had their first public debate on the European Commission's 2050 climate plan on Monday (4 March) but five member states derided the lack of a 100% renewable energy scenario among the EU executive's proposed options.
Science Based Targets initiative unveils bid to help more businesses set 1.5C goals
The Science Based Targets initiative (SBTi) has unveiled new measures designed to help more businesses align their emissions targets with the Paris Agreement's most ambitious trajectory, in the wake of the Intergovernmental Panel on Climate Change's (IPCC) landmark report on climate change.
Big-name businesses call on EU to set 'net-zero' emissions target for 2050
Unilever, Tesco and Heathrow Airport are among a coalition of 16 big-name corporates calling on the European Union (EU) to set a legally binding net-zero carbon emissions target for 2050, which would see the bloc achieve carbon neutrality within the next three decades.
How meeting the Paris Agreement will improve global economic growth
A new report has outlined that meeting the 2C target established as part of the Paris Agreement will improve global GDP and boost investment. Here, edie explores how nations can make this vision a reality.
Global energy demand to decouple from economic growth by 2035, but not quick enough for a 2C world
Global energy demand will decouple from economic growth for the first time by 2035, due to zero-carbon energy sources accounting for more than half of the global power supply - a feat that still puts a 2C-pathway "out of reach".
BP links employee bonuses with climate progress in Paris Agreement alignment drive
Following pressure from green investors, oil and gas giant BP has pledged to align its business with the aims of the Paris Agreement and has begun linking staff bonuses to its low-carbon progress.
Calls for review of UK's 2050 climate target rejected by Court of Appeals
An appeal to bring forward the UK's current climate commitments to align with scientific research on the necessity to limit average global warming to 1.5C has been rejected by the Court of Appeals.
MEPs locked in dispute over EU's climate plan
European lawmakers are locked in a dispute over a landmark climate plan that is meant to drag the EU into compliance with the Paris Agreement, as parliamentary committees tussle over who should take the lead.
Investors press fast food giants to 'urgently' improve supply chain sustainability
A coalition of investment firms with more than $6.5trn in assets under management have called on six of the world's largest fast food companies to take more ambitious action to tackle the climate and water risks within their supply chains, as a "matter of urgency".
Ocean growth hub amongst projects backed by £279m Industrial Strategy investment
The UK Government has announced various new projects aimed at protecting the health of the oceans, developing the next generation of sustainable packaging and protecting Pacific Island nations from the threats of climate change.
President Trump's environmental agenda - the story so far
US Congress reconvened on Thursday (3 January) following the 2018 midterm elections which saw the Democratic Party win the majority in the House of Representatives. With new Speaker Nancy Pelosi promising to turn the screw on US climate change action, edie takes a look back at the first half of Trump's presidency and its impact on the US climate and environment agenda.
Why tree planting should be part of your climate change strategy
12 years. That's all the time we have to limit global warming to the 1.5°C target laid out by October's UN Intergovernmental Panel on Climate Change report.
EU forges deal on coal phase-out, with special Polish clause
European Union legislators reached agreement in the early hours of Wednesday (19 December) over a proposed reform of electricity market rules that includes a 2025 cut-off date for coal subsidies, and a special clause for Poland.
Nations agree on Paris Agreement rulebook, fail on climate ambition
Three years and three days after the Paris Agreement was adopted, the 197 signatory countries gathered in Katowice, Poland, agreed Saturday (15 December) on a rulebook for its implementation but failed to raise their ambition to keep global warming "well below 2°C".
COP24 Covered: Days 9-10 - net-zero industry clusters and 'Swiss cheese' strategies
edie has launched a new series of podcast episodes which will round-up all of the key developments and major announcements for businesses at COP24, in under 13 minutes. This fifth and final episode features an exclusive interview with the Cambridge Institute for Sustainability leadership.
COP24 Covered: Days 7-8 - Paris Agreement progress and green buildings
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 13 minutes.
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.