The Paris Agreement

Related content

Just 6% had explored short, medium and long-term risks that could emerge as the world moves along the low-carbon transition

Business giants failing to disclose climate-related risks

Europe's largest businesses are failing to provide relevant climate-related data to investors, which could jeopardise the European Union's aims to deliver a "just" carbon-neutral transition by 2050.

The call from the SBTi comes as politicians prepare to outline economy recovery packages to respond to the economic damage caused by the coronavirus pandemic

Business giants call for science-based green economic recovery

More than 150 business giants, including Carlsberg, H&M and Pernod Ricard, with a combined market capitalisation of more than $2.4trn, have signed a joint statement calling on all governments to align coronavirus economic responses to climate science.

LSE warns that less than 5% of global emissions that are covered under carbon pricing initiatives are priced at a level consistent with the aims of the Paris Agreement

Carbon price: Tax polluters not people to assist coronavirus recovery, report urges

Carbon pricing aligned to the needs of the Paris Agreement can raise revenue to support the coronavirus recovery in a better way than a tax on income or labour, new research by the Grantham Research Institute on Climate Change and Environment at the London School of Economics and Political Science (LSE) has found.

The companies studied have all made recent commitments to combatting climate change, with some badging their new strategies as net-zero

Oil and gas giants overstating net-zero ambitions, study finds

Recent announcements from European oil and gas majors such as Total, Shell and BP to commit to net-zero aren't actually aligned to the required, science-based cuts to emissions to reach net-zero or the 1.5C target of the Paris Agreement, new research has found.

During the last 10 years, the firm has reduced the absolute carbon emissions associated with its energy use by 63%

Law firm Slaughter and May's carbon goals approved by SBTi

Legal giant Slaughter and May has confirmed that a goal to reduce emissions by 50% by 2030 has been approved by the Science Based Target initiative (SBTi) as aligned to the 1.5C ambition of the Paris Agreement.

Signatories of the alliance say they are committed to supporting post-pandemic “stimulus transformation plans” through climate action

Financiers join EU 'green recovery alliance'

More than 50 CEOs from the banking and insurance sector - including household names such as BNP Paribas, AXA, Allianz, and Santander - have joined the "green recovery alliance" in the European Parliament.

Total commits to net-zero emissions by 2050 following investor pressure

Global energy company Total is the latest in the sector to commit to net-zero emissions, setting a target for 2050 or sooner after extensive engagement with a climate action investor coalition.





Each of these success stories exemplifies how businesses are ramping up ambitions and actions in all areas of sustainable development 

World GBC's 'Paris proof' buildings and Abu Dhabi's low-cost solar: The sustainability success stories of the week

As part of our Mission Possible campaign, edie brings you this weekly round-up of five of the best sustainability success stories of the week from across the globe.

The 65% target proposal is unlikely to garner support from a majority in the European Parliament

EU lawmaker puts 65% emissions cut on the table

The European Parliament is gearing up for tough talks on the EU's climate target for 2030, with a 65% emissions cut now firmly on the table.

The 11th Petersberg Climate Dialogue reiterated the need for climate action during the pandemic

Messages of hope: How world leaders are rallying for a green Covid-19 recovery

The two-day Petersberg Climate Dialogue finished yesterday evening, with ministerial leaders from the UK, Germany, the EU and the UN all delivering rallying cries for nations to focus on climate mitigation as part of any efforts to stimulate the economic downturned caused by the coronavirus outbreak.

The report notes that the UK offshore wind sector could have significant future employment potential and could act as an alternative for offshore oil and gas workers

EU's climate strategy can spur 'just' and resilient labour market

On the eve of the release of the EU's recovery strategy, a group of business leaders have called for the bloc's climate-neutral target to be coupled with a "just transition" that could deliver job growth against future climate, demographic and technological megatrends.

40% of banks are failing to develop financing and investing restrictions or exclusions on high-carbon portfolios

Barclays and HSBC blasted over £158bn fossil fuel financing

Banking giants Barclays and HSBC have been accused of financing a combined £158bn into the fossil fuel sector since the signing of the Paris Agreement in 2015, despite both organisations pledging to ramp up sustainable investment portfolios.

Sharma noted that his department was still pushing the climate agenda during the pandemic. Image: Gov.uk

Alok Sharma: 'Focus has not stopped' on global climate action

The Secretary of State for Business, Energy and Industrial Strategy (BEIS), Alok Sharma had stated that the UK remains focused on preparations for the delayed COP26 climate summit, claiming that nations can't treat the coronavirus pandemic and climate action as an "either-or" scenario.

To date, 861 companies have committed to science-based targets to reduce emissions

Refinitiv, JLL and Ball unveil 1.5C science-based carbon commitments

Refinitiv has committed to setting science-based targets to reduce emissions in alignment with the Paris Agreement, while manufacturer Ball and real estate firm JLL have confirmed that their targets have been approved by the Science Based Targets initiative (SBTi).

From digging through the data to help you communicate to exploring long-term resiliency, there are lots of important tasks for sustainability professionals during lockdown

Six key areas of focus for sustainability professionals during lockdown

It's been almost a month since the UK Government introduced lockdown measures in response to Covid-19 and has since announced a further three-week extension to social distancing. As such, edie offers some best-practice advice for sustainability professionals to keep focusing on the climate battle during the pandemic.

It would also quadruple energy jobs to around 42 million, expand employment in energy efficiency to 21 million and add 15 million in system flexibility

IRENA: Renewables transition to boost global economy by $98trn

With the global economy set to slump to its lowest output for more than a century, nations can spur a global economic recovery by delivering a renewables-based energy transformation that could boost cumulative global GDP gains by more than $98trn compared to a 'business-as-usual' trajectory.

Trains at the Evian facility

Evian achieves carbon neutral certification globally

Danone-owned bottled water brand Evian has confirmed it has achieved carbon neutral certification across all the countries where the brand operates, following efforts to improve the efficiency of facilities and logistics and reducing lifecycle emissions of its bottles.

The company had recently surpassed its 2020 targets to reduce emissions by 50% against a 2009 baseline and reduce energy use in its buildings on an absolute basis by 50% against a 2013 baseline

Pearson to halve value chain emissions as part of approved science-based target

Learning and education company Pearson has had targets to halve its operational and value chain emissions by 2030 approved by the Science Based Targets initiative (SBTi).

According to the Guardian, Shell has a carbon footprint of more than 31 billion tonnes since 1965

Royal Dutch Shell commits to net-zero emissions by 2050

One of the world's largest emitters, Royal Dutch Shell, is set to announce plans to become a net-zero emissions business by 2050 at the latest at its Responsible Investment Annual Briefing today (16 April).

LG Solar is currently giving away cherry trees to customers to help them capture carbon at home

LG's solar arm targets carbon neutrality by 2030

LG Electronics' solar division has unveiled a new strategy of measures that will enable the business to become carbon neutral by 2030.

Advice on the Sixth Carbon Budget, which covers the reduction levels required for the period of 2033-2027 will now be published in December 2020, rather than September

UK's climate watchdog to refocus advisory reports to account for coronavirus impacts on net-zero

The Committee on Climate Change (CCC) has announced it is amending its advisory reports due for publication over the next 12 months to account for responses to the coronavirus pandemic, with a report on the UK's sixth carbon budget pushed back to December.

From animated films to hard-hitting documentaries, there's plenty to watch to keep sustainability professionals engaged during lockdown

Lockdown screening: 8 of the best film recommendations for sustainability and energy professionals

With many edie readers searching for something to watch in the safety of their own home, we've pulled together a list of the top films and documentaries to get lost in during lockdown – as recommended by sustainability and energy professionals across the country.  

The EAC has given Sharma until 30 April to provide a response

MPs call for climate policy clarity on COP26 progress following postponement

The chair of the Environmental Audit Committee (EAC) has written to COP26 President Alok Sharma to seek an update on the "sad but unfortunate necessity" of postponing the climate summit, noting that climate change cannot afford to slip down the political agenda.

It is another setback for global climate negotiations following the disappointment of the 2019 conference in Madrid

COP26 climate summit postponed due to coronavirus

The crucial summit to negotiate for higher ambitions on climate change scheduled for November in Glasgow has been postponed, with new dates for the meeting to be decided in the coming months. However, there are some positives to the delay.

It is yet to be confirmed when the conference will take place in 2021

A 'sensible step' and 'opportunity to rebuild': Green economy reacts to COP26 postponement

Green groups have expressed disappointment but understanding that the COP26 climate summit scheduled for Glasgow in November has been postponed until 2021, with many citing the opportunity for countries to accelerate climate action in the meantime.

Equinor has said it will need to become a "broad energy company" to meet its targets. Image: Equinor

Equinor leaves US oil and gas industry body due to 'lack of position' on climate policy

Norwegian oil and gas giant Equinor has announced that it is leaving a US oil and gas industry association due to a "misalignment" with the company's new climate commitments and is set to influence other associations to deliver strong climate targets.

Ricoh will prioritise the use of renewables to help decarbonise its operations and push towards the science-based targets

Ricoh sets 1.5C science-based target as part of zero-emissions ambition

Japanese electronics firm Ricoh has confirmed that it has had a new target to reduce emissions by 63% by 2030 approved by Science Based Targets Initiative (SBTi) as aligned to the 1.5C ambition of the Paris Agreement.

The two firms are two of the largest emitters globally

US clears Exxon and Chevron to dismiss shareholder climate reporting requests

The US Securities and Exchange Commission (SEC) has approved requests from both Exxon and Chevron to reject shareholder proposals that have called on the oil and gas giants to report on how the companies are addressing climate change by aligning to the Paris Agreement.

Alongside enshrined carbon targets, the campaigners want the Government to ensure that worker rights regarding wages and conditions are embedded into the bailout

Link airline coronavirus rescue package to climate targets, campaigners urge

Campaigning groups have called for any Government bailout of airline companies due to the impact of the coronavirus to include conditional links for worker rights, fair taxing systems and transparent action plans on climate change.

Image: XR Youth members at a march last year

Online climate strikes: XR turns to digital activism amid coronavirus pandemic

Extinction Rebellion's (XR) Youth arm has taken its campaign to demand that fossil fuel representatives are excluded from COP26 negotiations online, after pausing mass demonstrations in light of the coronavirus.

Companies are performing slightly better on the governance of climate-related risks

Heavy-emitting firms 'off-track' to deliver low-carbon world

More than 80% of the highest-emitting listed companies are failing to deliver emissions reductions aligned to the Paris Agreement's 2C global warming limit, with many companies also failing to account for climate mitigation and risk strategies.

Image: Relux/ CC BY-SA 2.0

Chanel sets 1.5C science-based targets, pledges 100% renewable energy

Luxury fashion and fragrance giant Chanel has committed to halve its carbon emissions by 2030, under a new 1.5C-aligned set of sustainability targets.

The UK Government insists it is on track to deliver crucial UN Climate Summit in November as planned

Coronavirus vs. climate change and COP26: What happens next?

The coronavirus pandemic has brought the global economy to a standstill, with some now doubting whether the crucial climate talks scheduled for COP26 will be able to go ahead. So, asks Matt Mace, what impact would delaying the summit have on international efforts to combat the climate crisis?

Analysis of 35 leading investment banks shows financing of more than $2.66tn for fossil fuel industries since the Paris agreement. Image: Michielderoo/ CC BY 3.0

Global banks 'failing miserably' on climate crisis by funneling trillions into fossil fuels, study finds

The world's largest investment banks have funnelled more than £2.2tn ($2.66tn) into fossil fuels since the Paris agreement, new figures show, prompting warnings they are failing to respond to the climate crisis.

The assessment took into account a string of extreme weather events made worse or more likely by rising global temperatures, including the Australia bushfires (pictured) 

UN head: Global action on climate crisis 'way off track'

The world is "way off track" in dealing with the climate emergency and time is fast running out, the UN secretary general has said.

CLG Europe is calling for clarity and direction on a plethora of low-carbon innovations

Corporate leaders want decarbonisation as central focus for Europe's Industrial Strategy

Business giants including Unilever, Interface, and Coca-Cola have called for the new European Industrial Strategy to focus heavily on decarbonisation in a way that sets out clear strategies for investment into low-carbon solutions and provides price incentives for new goods and services.

European Commission President Ursula von der Leyen (pictured) met with Greta Thunberg today

EU debuts climate law 'compass', Greta dismisses it as 'surrender'

The European Commission officially unveiled its Climate Law on Wednesday (4 March), aimed at making the EU carbon neutral by 2050. But Swedish climate activist Greta Thunberg criticised the plan as a "surrender".

Manchester set a 2038 net-zero target in 2018

Manchester City Council spells out five-year action plan to halve emissions

Manchester City Council hopes to approve a new action plan that would commit to halving the council's carbon footprint by 2025, in assistance with the city's wider ambition to reach net-zero emissions by 2038.

O2 has already reduced operational emissions by more than 80% since 2010 and claims the new targets will help it "move further and faster"

O2 targets net-zero network and operations by 2025

Telecommunications giant O2 has pledged to achieve net-zero across its entire business and mobile network by 2025 - a move it claims will make it the UK's first net-zero mobile network provider.

Parts of Italy - the co-host for the summit - are currently closed to all-but-essential travel over the outbreak 

Vital COP26 climate talks could be derailed by coronavirus

Concern is growing among campaigners that vital UN climate talks will be derailed by the coronavirus outbreak, while government officials are working to find ways round the problem.

The strategy seeks to develop “open-source, business-relevant reference scenarios” for regulators, financial firms and businesses to test climate resilience investment

'Investing for net-zero must go mainstream': COP26 finance strategy unveiled

The UK has published its COP26 strategy to help private finance support a global economic transition to net-zero emissions, with a heavy focus on exploring mandatory reporting requirements for climate-related data.

The initiative forms part of the GSMA’s climate action roadmap for the industry, which has already seen operators disclose impacts via CDP

Science-based pathway for net-zero emissions established for telecoms sector

The International Telecommunication Union (ITU), the Global e-Sustainability Initiative (GeSI) and the GSMA have forged a new partnership to develop a sector-specific decarbonisation pathway that will outline how all companies in the mobile sector can set science-based targets.

Judges have said that the third runway could go ahead, provided it fits in with the UK’s climate commitments

Government won't appeal Heathrow expansion court decision

UPDATED: The UK Government will not appeal a court decision to block the development of a third runway at Heathrow Airport, which was issued in response to climate change concerns and national targets aligned to the Paris Agreement.

The plan will aim to protect a percentage of the Earth's land and sea

Negotiations start on global 'Paris-style' deal to avert Earth's sixth mass extinction

National governments will meet in Rome this week to discuss and reflect on a 20-point UN draft proposal to halt irreversible ecological damage, which looks set to be formally adopted in October.

The FRC will consider how investors are addressing climate change under a new Stewardship Code, which will be issued from the beginning of 2021

Financial Reporting Council launches 'major' review of corporate climate reporting

The Financial Reporting Council (FRC) is set to launch a major review into the quality of how companies and auditors are reporting on climate change impacts and risks, including the pace at which the Task Force on Climate-related Financial Disclosures (TCFD) framework has been adopted.

Pictured: Glencore's Ferrochrome smelter in Lydenburg, South Africa

Glencore slams BP's net-zero target as it outlines measures to cap coal use

The chief executive of coal giant Glencore dubbed BP's 2050 net-zero target "wishy-washy" as he outlined how his firm will tackle scope 3 emissions through to 2035.

Each of these success stories exemplifies how businesses are ramping up ambitions and actions in all areas of sustainable development 

RBS's climate goals and Aldi's plastic bag crackdown: The sustainability success stories of the week

As part of our Mission Possible campaign, edie brings you this weekly round-up of five of the best sustainability success stories of the week from across the globe.

The TCFD formed in 2015 and launched its recommendations in June 2017

'Climate risk is financial risk': TCFD surpasses 1,000 global supporters

The Task Force on Climate-related Financial Disclosures (TCFD) has revealed that more than 1,000 organisations are supporting its recommendations, including corporates with a combined market cap of $12trn and investors with $138.8trn of assets under management collectively.

Sky will target a 50% absolute reduction in emissions by 2030

Dissecting the challenge: How Sky is approaching its net-zero target

EXCLUSIVE: Sky is facing the daunting task of engaging with 11,000 companies and 24 million customers as part of its new commitment to achieve net-zero emissions by 2030. The group's head of responsible business Fiona Ball outlines how Sky is "dissecting" this target to manage the transformation.

The panel included representatives from the finance, environmental services, engineering, cement, food manufacturing and retail sectors. Image: Aldersgate Group

Carbon trading clarity and citizens in the spotlight: What do businesses want from COP26?

With a successor to the COP26 presidency role yet to be announced, all eyes are on Westminster for news on its plans for organising the crucial summit. But - beyond a stable delivery team - what are UK business's big asks of the conference, both in terms of organisation and execution?

The new COP26 president will be announced this week, with Gove tipped as one of the fore-runners

Michael Gove urges 'most transparent ever COP' for Glasgow

Former Environment Secretary Michael Gove has laid out his big asks for COP26 preparations and denied rumours that he will replace former Energy Minister Claire O'Neill as the event's president during this week's cabinet reshuffle.

Any waste beer produced that fails to meet the company’s quality standards will be distilled and turned into Vodka

BrewDog to upcycle and trade used cans for company equity

Craft beer firm BrewDog has unveiled a new sustainability action plan that will allow consumers to trade in beer cans for upcycling and recycling in exchange for an equity stake in the company.

The Telegraph has reported that Barclays looks set to act on shareholder calls to ditch fossil fuel investments

Reports: BlackRock and Barclays to act on climate investment calls

As reports emerge that Barclays is set to agree on shareholder calls to phase-out fossil fuel investments, BlackRock has already made strides on its stance to remove fossil fuel firms from its portfolio.

edie will be back later this week with Part Two of the SLF special

Sustainable Business Covered: Igniting a decade of climate action at the Leaders Forum (Part One)

The edie podcast is brought to you live from our Sustainability Leaders Forum, as content editor Matt Mace speaks to leading sustainability experts from Interface, Diageo, WaterAid and WWF to ask, how will business leadership be redefined during a decade of deliverance?

The cement industry is one of the high-emitting sectors which the study researched.

Report: Heavy industry making "slow progress" on Paris Agreement

A new study has shown there has been slow progress on climate action in high-emitting industries, with just one in five corporates operating in line with a 2C trajectory. 

Reports suggest that government officials expressed concerns over O'Neill's ability to steer COP26 proceedings 

Claire O'Neill removed from COP president position

Former UK energy minister Claire O'Neill will be replaced as the president for the upcoming COP26 climate conference in Glasgow this year, as Prime Minister Boris Johnson prepares to launch a new dedicated strategy for the conference.

Some businesses are now looking outside of their own operations to become 'carbon-negative' rather than 'net-zero'

Greenwashing 2.0? Defining what it means to be a 'net-zero' business

Net-zero emissions has been scientifically heralded as a necessity to reverse the worst impacts of climate change. But a flurry of recent business commitments to become 'carbon-negative' and 'resource-positive' raises a critical question: does achieving 'net-zero' actually constitute business leadership?

Sainsbury’s will work with suppliers to help them set individual net-zero commitments

Sainsbury's commits £1bn to become net-zero by 2040

Supermarket retailer Sainsbury's has pledged to invest £1bn over the next 20 years in order to become a net-zero business across its own operations.

The Partnership has also warned that organisations and investment managers that fail to demonstrate reduced exposure to climate risks could be voted against 

Brunel Pension Partnership launches new finance strategy to align with net-zero future

The group overseeing £30bn worth of investments for 10 local government pension scheme funds has pledged to align its management practices with the Paris Agreement.

The announcement was made at Davos, where the Alliance is engaging with more than 50 C-suite representatives of portfolio firms

Church of England and Generali join UN's Net-Zero Asset Owner Alliance

The Church of England and insurance firm Generali are the latest organisation to sign up to the UN's Net-Zero Asset Owner Alliance, a coalition with more than $4.3trn in assets under management attempting to engage with corporates to reach net-zero emissions.

Microsoft will launch a $1bn climate innovation fund, using its own capital, to help develop carbon reduction and removal technologies

'Neutral is not enough': Microsoft pledges to become carbon-negative by 2030

Tech giant Microsoft has today (16 January) unveiled a bold new plan to reduce its carbon impact to below net-zero by 2030, with an additional goal of removing carbon from the atmosphere that the company has emitted since it was founded in 1975.

Fink asked for businesses to provide better data and disclosure on all ESG aspects

BlackRock's Larry Fink to CEOs: 'Purpose is the engine of long-term profitability'

BlackRock's chief executive Larry Fink has warned businesses that a "fundamental reshaping of finance" is happening at pace and that businesses need to put climate action at the heart of decision-making processes in order to remain profitable.

Sustainability 2.0: Welcome to a decade of deliverance

The 2010s laid bare the severe climate issues facing the world and the shrinking timeframes to fix them. Combatting climate change is a daunting task, but corporate ambitions and societal expectations have created a platform to ignite a decade of deliverance towards a decarbonised, closed-loop planet.

Image: ArcelorMittal Europe 

ArcelorMittal Europe outlines plans for 30% carbon reduction by 2030

Steel and mining giant ArcelorMittal Europe has announced plans for a CO2 roadmap to reduce its total emissions by 30% by 2030.

Vote using the function at the bottom of this piece to choose your defining moment of the 2010s

A decade in review: Vote for the defining sustainability moment of the 2010s

As the 2010s draw to a close, edie has analysed the key moments and announcements that push sustainability and climate action from a niche activity to a global necessity. Cast your vote to decide which of the seven moments was most profound.

Shell claims its decarbonisation targets are consistent with the Paris Agreement's 2C trajectory

Shell links $10bn credit facility to low-carbon progress

Royal Dutch Shell is linking the interest and fees paid on its new $10bn (£7.5bn) revolving credit facility to progress against its carbon targets.

Talks at COP25 were due to conclude on Friday evening (13 December), but ran through to Sunday afternoon. Image: UNFCC

'A far cry from what science tells us is needed': COP25 reaches 'disappointing' conclusion

Green campaign groups, UN officials and business representatives have expressed disappointment after two weeks of negotiations at COP25 came to a close today (15 December), almost two days behind schedule.

Temperature check: The 1.5C movement takes shape at COP25

BT's head of environmental sustainability Gabrielle Ginér reflects on her time at the COP25 climate summit in Spain, and why science-based targets are driving the corporate sectors towards the Paris Agreement.

Images: UNClimateChange Flickr

America's Pledge and Europe's Green Deal: What happened on days 8 & 9 of COP25?

COP25 - the UN's annual two-week-long climate summit - has entered its second week in Madrid. Here, edie rounds up all the key news and views from the last few days of the event.

Over the course of the two-week summit, 4,000 people are due to speak during COP25's official sessions

Greta passes the mic and 1.5C targets surge: What happened during the first week of COP25?

COP25 - the UN's annual two-week-long climate summit - has entered its second week in Madrid. Here, edie rounds up all the key news and views from the first week of the event.

Pictured: Attendees at the IEA's two-day meeting at COP25, during which, the communique was produced. Image: IEA 

IEA strengthens clean energy commitments after investor criticism

The International Energy Agency (IEA) has published its first communique in a decade, covering topics including the clean energy transition, after a meeting with world leaders at COP25 in Madrid.

CDP estimates that the average company's supply chain emissions are 5.5 times that of its direct operations. Stock image of factory in China

CDP: Corporates could save a gigaton of emissions by championing renewables in supply chains

If key suppliers to the world's largest corporations used 20% more renewable energy than they do at present, one billion metric tonnes of greenhouse gas (GHG) emissions would be mitigated.

The benchmark measures progress against the Paris Agreement's 2C trajectory 

Car giants 'driving with the brakes on' towards climate goals, report warns

The world's 25 largest car manufacturers are collectively failing to act in line with the Paris Agreement in terms of both electrifying their portfolios and strengthening climate governance, new analysis from CDO and the World Benchmarking Alliance (WBA) has warned.

Image: The North Face

VF Corporation sets 1.5C science-based targets

VF Corporation - the fashion giant behind brands including Vans, The North Face and Timberland - has set new science-based emissions targets in line with the Paris Agreement's 1.5C trajectory.

Demand for 90TWh of renewable electricity annually is enough to power 11 million US households

Businesses with science-based targets on course to slash emissions by one-third

Businesses that have committed to aligning their emissions reduction strategies with the aims of the Paris Agreement will spur more than $18bn in climate-mitigation investment and up to 90TWh of annual renewable electricity generation.

The summit will run until 13 December, with edie bringing you all the latest news and views from Madrid on a regular basis 

Greta's arrival and carbon offsetting clashes: What happened on days 2 & 3 of COP25?

COP25 - the UN's annual two-week-long climate summit - is now well underway in Madrid. Here, edie rounds up all the key news and views from the second and third days of the event.

Progress was found to be slower in aviation than in shipping or carmaking.

Report: One in three transport companies aligning with Paris Agreement as investor pressure mounts

A survey of 57 of the world's largest transport companies, including airlines and carmakers, has found that more than one in three (35%) have set emissions targets in line with the Paris Agreement.

Pictured: Kingspan's factory in Kankaanpaa, Finland, during construction. 

Kingspan and Cargill unveil Paris-aligned climate strategies

Construction materials giant Kingspan and agri-food multinational Cargill have both unveiled new science-based emissions targets at the UN's COP25 summit in Madrid.

Pictured: A Portugese offshore wind project jointly financed by Repsol, the EIB and EDP Renewables

Repsol targets net-zero by 2050

Spanish oil and gas giant Repsol has committed to becoming a net-zero emission business by 2050, across its own operations and its indirect impacts.

Image: Gage Skidmore

Boris Johnson urged to challenge Trump on climate denial

Boris Johnson is being urged by 350 leading climate researchers to robustly challenge Donald Trump on his "dangerous" and "irresponsible" denial of the risks of climate change during the US president's visit to the UK this week.

The summit will run until 13 December, with edie bringing you all the latest news and views from Madrid on a regular basis 

Carbon pricing and 'the climate point of no return': What's happened at COP25 so far?

Monday (2 December) marked the start of COP25 - the UN's annual two-week-long climate summit - in Madrid. Here, edie rounds up all the key news and views from the first day of the event.

Pictured: The Welsh Assembly building in Cardiff Bay

'Prosperity for All': Wales unveils new short-term climate vision

The Welsh Government has published its much-anticipated climate roadmap for 2020-2025, which includes a commitment to plant 2,000 hectares of woodland annually.

Europe becomes first continent to declare a 'climate emergency'

MEPs voted to pass a resolution declaring a 'climate emergency' on Thursday evening (28 November), making the European Parliament the first body representing a continent to do so.

The ice sculptures where used to highlight the climate emergency

Johnson frozen out of climate leaders debate as green groups call for net-zero pact between parties

With Prime Minister Boris Johnson quite literally frozen out of the leader's climate debate last night, more than 40 academics, policy specialists, trade bodies and businesses have called for a bipartisan net-zero pact between the UK political parties in order to ensure the nation meets its commitments.

The investment would help less industrialised nations reduce collective emissions by more than 4% below 2010 levels by 2030

UK urged to commit £20bn as 'fair share' of climate adaptation investment

UK thinktank IPPR has called for the UK to provide £20bn to a UN climate fund to account for the nation's "fair share" of ecological degradation and climate change speed-up.

Pictured: Lignite-fired power plant in Agios Dimitrios, West Macedonia. Image: Tilemahos Efthimiadis / https://www.flickr.com/photos/telemax/3636859652 

Climate-heating greenhouse gas concentrations hit new high, UN reports

The concentration of climate-heating greenhouse gases hit a record high in 2018, according to a report from the UN's World Meteorological Organization.

The report said it was crucial that workers in fossil fuel industries were helped into new employment as production ramped down

Fossil fuel production on track for double the safe climate limit

The world's nations are on track to produce more than twice as much coal, oil and gas as can be burned in 2030 while restricting the rise in the global temperature to 1.5C, analysis shows.

Why energy productivity holds the key to net-zero business

Jenny Chu, head of energy productivity initiatives, at international non-profit, The Climate Group, argues that business has a key role in using less energy to achieve higher economic output.

Published last week, the WEO predicts further growth of coal in China, among other nations. Image: Kleineolive/ CC-BY-3.0 

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.

The new policy will cut €2bn (£1.7bn) of yearly investments to fossil fuel projects

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.

Malnutrition and infectious diseases are cited as two of the climate-linked health challenges due to worsen in the near future

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.

Nine of the companies have set a 2050 deadline to achieve net-zero, while four set a date of 2025 or 2030

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.

Williams believes the will of citizens is there to deliver a low-carbon economy in the US

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.

The US will withdraw from the Paris Agreement in November 2020: Image: Gage Skidmore

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.

Madrid has been confirmed as the new COP host

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.

Since 2011, the global proved reserves of oil and gas have increased

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.

BA will offset emissions from domestic flights within the UK from 2020

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.

The Global Green New Deal was launched at the C40 Cities summit in Copenhagen

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.


Suggested keywords