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Climate policy outlook: Ottawa plastics talks wrap up - Greenbiz  (Apr 29) |
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Apr 29 · This week’s most important climate policy stories. As the Ottawa talks wrap up, negotiators are far from solving the world's plastic emergency. Source: Mohamed Abdulraheem via Shutterstock Earlier, GreenBiz vice president of circularity Jon Smeija rounded up the three things that activists are looking for from the eventual treaty. Bottom line: None of them is guaranteed. The next session of the talks is scheduled for November in Busan, South Korea. | By Leah Garden Read more ... |
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Protecting forests through better forest management - Greenbiz  (Apr 29) |
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Apr 29 · Understanding sustainable forestry practices can lead to more responsibly made products. This article is sponsored by P&G. As recent wildfires have demonstrated, an untouched forest isn’t necessarily a healthier one. In parallel with climate action, responsible forest management is one of the best tools to build resilient forests that will in turn help in the fight against climate change. There are 3 billion acres of working forests around the world - that is, forests that are managed to supply a steady, renewable supply of wood for thousands of items people use every day. Those that are certified by the Forest Stewardship Council (FSC) ensure that the forest is ... | By Chris Reeves Read more ... |
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Why climate disclosure policy is critical to corporate sustainability - Greenbiz  (Apr 29) |
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Apr 29 · There are 3 primary reasons why disclosure rules can help accelerate climate policy progress. There’s a lot of confusion and controversy swirling around the issue of climate disclosure: how much companies are mandated to tell the public about emissions they directly and indirectly generate. The controversy is now so thick that it has become a smokescreen, blocking a clear look at this issue. It’s important for sustainability professionals to know the facts and also understand how policy on disclosure can help drive the change we need to address our climate crisis. In 2023, disclosure policy seemed to be on a fast track forward, with California’s enactment of the landmark ... | By Deborah McNamara & Bill Weihl Read more ... |
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How to access $6.97 billion from the EPA’s green bank - Greenbiz  (Apr 26) |
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Apr 26 · The Climate United Coalition has billions of dollars to give out to advance decarbonization. Here’s how to qualify. Invest in urban decarbonization. Graphic: Sophia Davirro The Environmental Protection Agency recently announced the nonprofit organizations that will receive some of its $20 billion Greenhouse Gas Reduction Fund, including $6.97 billion to the Climate United Coalition. Comprising Calvert Impact, Community Preservation Corporation and Self-Help, Climate United specializes in making green loans to fund specific decarbonization projects while also transforming existing traditional mortgages and project financing markets into greener ... | By Leah Garden Read more ... |
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The week in climate policy: 4 updates you need to know - Greenbiz  (Apr 26) |
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Apr 26 · Biden Administration reveals billions saved by companies due to the Inflation Reduction Act; Local governments in Wyoming bypass governor’s refusal to apply for decarbonization funding. President Joe Biden delivers a speech. Photo: Shutterstock/Spike Johnson [Continue the conversation on climate policy at Circularity 24 (May 22-24, Chicago), the leading conference for professionals building the circular economy.] | By Leah Garden Read more ... |
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Biden administration creates new rule to speed up clean energy transmission - Greenbiz  (Apr 25) |
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Apr 25 · The Department of Energy finally streamlines permitting requests and requires only one environmental impact statement for each project. Transmission lines carrying renewable energy. Photo: Shutterstock/lovelyday12 The U.S. Department of Energy will become a "one-stop-shop" for permits for new electricity transmission projects under a rule announced by the Biden administration. The move is intended to make building green energy projects simpler and faster, Energy Secretary Jennifer Granholm told reporters. The rule will create a new program, the Coordinated Interagency Transmission Authorization and Permits (CITAP), which will be the lead agency handling permits for ... | By Leah Garden Read more ... |
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No more funding forests in Cambodia: Interface is ending offsets to go carbon-negative - Greenbiz  (Apr 24) |
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Apr 24 · The carpet company says its carbon-negative manufacturing means it can stop buying CO2 credits. Instead of investing in offsets, Interface is looking to innovations internally and in its supply chain. Credit: GreenBiz/Sophia Davirro Interface, the maker of technically innovative commercial carpet tiling, will stop paying for carbon offsets - which typically fund forest projects in developing countries - to reduce the impact of its greenhouse gas emissions. Instead, starting in 2025, Interface will direct what it used to spend on offsets toward exploring manufacturing with raw materials that remove or store carbon, in hopes of becoming carbon-negative by 2040 - a ... | By Elsa Wenzel Read more ... |
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Revolutionizing agriculture for a sustainable future - Greenbiz  (Apr 24) |
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Apr 24 · Sponsored: Agoro Carbon redefines agriculture's climate role by offering quality carbon credits and focusing on regenerative practices. Regenerative Agriculture, a solution to Climate Change. Image courtesy of Agoro Carbon. This article is sponsored by Agoro Carbon. The climate clock is ticking, and immediate action is necessary, according to the Intergovernmental Panel on Climate Change (IPCC). Agriculture must transition from being part of the problem to being a cornerstone of the solution. As the ongoing story of sustainability unfolds, agriculture is a key player and potential hero. At Agoro Carbon, we are actively working to make this narrative a ... | By Dylan Lubbe Read more ... |
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The corporate-startup handoff is broken. Here’s how to fix it. - Greenbiz  (Apr 24) |
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Apr 24 · Corporations can be vital supporters and partners for climate-tech startups. Corporations need to align incentives and up their risk tolerance to work more effectively with startups. Source: sirtravelalot via Shutterstock Successful startup-corporate partnerships - the full adoption of startup tech or integration into a corporation's business unit - are a relatively rare outcome. Corporate executives want to know how startup adoption will help their bottom line: will it open new markets and increase efficiency? Is it relatively easy to adopt? Even when there is a good match, the transition often gets lost in corporate friction and complexity, due to either ... | By Jake Mitchell Read more ... |
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Salesforce to lobby for new rules on AI’s environmental impact - Greenbiz  (Apr 22) |
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Apr 22 · Computing uses up to 3 percent of global power consumption and AI could triple that, the company believes. The Salesforce Tower in New York City. Image via Shutterstock/Arnett Murry Salesforce will begin lobbying for new regulations requiring companies to disclose emissions data and efficiency standards for artificial intelligence. The company announced the move Monday as part of its new "Sustainable AI Policy Priorities." It has previously published positions on ethics and equity related to AI, as have other big tech companies including Amazon, Google and Microsoft. Salesforce’s new policy comes amid growing concern over the amount of electricity required to ... | By Heather Clancy Read more ... |
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Cutting carbon by 'electrifying everything’ - Greenbiz  (Apr 21) |
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Apr 21 · Sponsored: Electrifying infrastructure is an investment in the future. From buildings to vehicles, electrification can be done with technology we have right now. Siemens collaborates with Ford on customized electric vehicle charger for All-Electric F-150 Lightning Retail customers. Image courtesy of Siemens. Siemens. Across the United States, we are witnessing the transition to the "electrification of everything" to support the decarbonization of our environment. The technology to accomplish a fully electric transformation is already available - from electrifying buildings and vehicles to navigating the impact to the grid. But if we are going to address climate ... | By Matt Helgeson Read more ... |
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The week in climate policy: 4 updates you need to know - Greenbiz  (Apr 19) |
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Apr 19 · Permitting reform holds up renewable energy transmission in the West; the EU is getting serious about ocean conservation. A fish swimming next to plastic pollution in the ocean. Photo: Shutterstock/Rich Carey [Continue the conversation on climate policy at Circularity 24 (May 22-24, Chicago), the leading conference for professionals building the circular economy.] | By Leah Garden Read more ... |
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Here’s how Apple has cut its emissions 55% since 2015 - Greenbiz  (Apr 18) |
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Apr 18 · The company aims for a 75 percent reduction by 2030. Apple suppliers sourced approximately 25.5 million megawatt-hours of clean electricity in fiscal year 2023, which avoided more than 18.5 million metric tons of greenhouse gas emissions. Source: Apple Apple has reduced its greenhouse gas emissions by 55 percent since 2015, an achievement made possible largely because of its successful work to convince manufacturing partners to use renewable energy for Apple-related production. For 2015, its baseline year, Apple reported 38.4 million metric tons of carbon dioxide equivalent across Scopes 1-3. That number is now 16.1 million metric tons of emissions, according to ... | By Heather Clancy Read more ... |
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How SBTi’s shift on Scope 3 rules will affect carbon markets - Greenbiz  (Apr 18) |
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Apr 18 · 4 possible outcomes of the proposed flexibility on carbon credits. At the heart of the debate lies a fundamental question about how to advance global decarbonization. Source: metamorworks via Shutterstock On April 9, the board of trustees of the Science Based Targets initiative (SBTi) announced forthcoming updates to its net zero standard, proposing to allow the use of some environmental attribute certificates (EACs), including carbon credits, towards Scope 3 abatement. Since then, climate watchdogs both within and beyond SBTi have hotly debated whether the new flexibility will maintain best practices in corporate climate action. At the heart of the debate is the role of ... | By Margaret Morales Read more ... |
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Supreme Court: Companies can’t be sued for not disclosing climate risk - Greenbiz  (Apr 18) |
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Apr 18 · As the SEC struggles to enforce new corporate climate disclosures, the high court grants companies even more wiggle room. A judge's gavel. Photo: Shutterstock/Atthapon Niyom The U.S. Supreme Court unanimously ruled shareholders cannot sue companies for securities fraud when they fail to disclose information about future risks, unless the omission made their statements deliberately misleading. The decision benefits companies by allowing them more leeway to pick and choose what they disclose to investors. If a company is silent about a risk it faces, it cannot be sued, the court said. But if a company makes a statement that is misleading because it omits information ... | By Leah Garden Read more ... |
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Demystifying low carbon steel manufacturing - Greenbiz  (Apr 17) |
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Apr 17 · Sponsored: The challenge of decarbonizing heavy industry is significant. But “hard-to-abate” can be conquered with the right mix of approaches - and mindset. Steel coils at U. S. Steel’s Big River Steel facility in Osceoloa, Arkansas. Image courtesy of U. S. Steel. This article is sponsored by U. S. Steel. When I worked at Dell, I often felt I was on the front line of making an essential industry more sustainable. During my tenure of over a decade, we collaborated across functions to increase the percentage of recycled materials in our products, boost our recovery of used electronics and transition our production capability to rely more on renewable energy. But ... | By Erika Chan Read more ... |
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Scaling the value hill: How to incorporate circular economy practices into the building sector - Greenbiz  (Apr 17) |
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Apr 17 · The business opportunity to convert building sector waste into valuable resources promises hundreds of billions of net profit gains. The French firm Saint-Gobain has become a leader in applying circular economy practices in the building sector. Source: Jean Lucichard via Shutterstock More than 90 percent of all materials extracted and used in industrial processes are wasted, according to the World Green Building Council. The business opportunity to convert that waste into valuable resources is huge. Applying the circular economy to the building sector, for example, has "the potential to yield an annual net profit gain of $31-46 billion by 2030 and $234-360 billion by ... | By James Ball Read more ... |
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What ESG investors need to know about 'systems-level investing’ - Greenbiz  (Apr 17) |
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Apr 17 · ESG can measure risks to cash flows, but 'systems-level investing’ offers a more complete view of where corporations might be vulnerable over the long term. ESG analysis helps investors consider how environmental, social and governance factors could affect long-term corporate value. For large, institutional investors such as asset managers or pension funds, which own a slice of the entire economy and can’t diversify away from system-wide risks, that may not be enough. That’s why more are leaning into "systems-level investing," an approach that aims to generate superior long-term, risk-adjusted returns by studying the complex systems that drive economic and financial ... | By Grant Harrison Read more ... |
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A new chapter for transport decarbonization awaits - Greenbiz  (Apr 16) |
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Apr 16 · A look at the state of sustainable transportation in 2024 and beyond. I joined GreenBiz in May 2022 - a decision that profoundly changed my perspective on transport decarbonization. In my role as the director of transportation, I sat at the intersection of many subsectors within transport, able to survey the industry across on-road vehicles and electrification, aviation, maritime shipping and freight rail. From this vantage point, it has been a privilege to learn from those leading the efforts to decarbonize transportation and share my learnings with you. Sadly, all good things must end as I have already stepped into a new role in the EV industry. My final piece explores ... | By Vartan Badalian Read more ... |
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Al Gore's policy checklist for reaching net zero - Greenbiz  (Apr 16) |
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Apr 16 · The former vice president spoke to GreenBiz at a Climate Reality roundtable in New York City. Al Gore speaks in New York City at the 55th Climate Reality Project Leadership Corps training in April 2024. (Credit: Climate Reality Project) Companies have the power to reach “true net zero” by midcentury, according to former vice president Al Gore, if they “stop using the sky as an open sewer. We've got to get to true net zero, and then we will solve this crisis.” Gore, who since his controversial defeat in the 2000 presidential election has chaired the ESG-focused Generation Investment Management firm that he co-founded, sat on Apple’s board for two decades and advised ... | By Leah Garden & Elsa Wenzel Read more ... |
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Automakers are vastly underestimating their emissions. Here's what to do about it - Greenbiz  (Apr 16) |
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Apr 16 · The auto industry lags behind on both emissions reporting and net zero targets. Here’s what they can do to get on track. More than 90 percent of automakers' GHG emissions come from Scope 3 -- i.e., buyers driving their cars. Source: Mykhailo Pavlenko via Shutterstock With the advent of policies such as the European Union’s corporate sustainability reporting directive (CSRD), set to be phased in over a four-year period beginning in 2025, businesses across all industries are preparing to report on their emissions as never before. A crucial pillar of such policies is the normalization of reporting on Scope 3 emissions - those not directly linked to a company’s ... | By Tom Howarth Read more ... |
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Future-proof your supply chain with sustainable innovation - Greenbiz  (Apr 16) |
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Apr 16 · Sponsored: Discover innovative strategies to reduce supply chain-related emissions and build a more sustainable and resilient energy future. This article is sponsored by Prologis. In the coming decades as the world electrifies to decarbonize, global energy demand will surge. Businesses must manage today’s pressures on their operations - such as geopolitical tension and labor disruptions - while investing in future-focused solutions such as renewable energy, electric vehicles and automation alongside artificial intelligence. To find the balance, leaders want to know what they can do to improve their efficiency today while planning for a sustainable tomorrow. As the ... | By John Hoekstra & Will O'Donnell Read more ... |
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3 employee-focused tactics for advancing sustainability goals - Greenbiz  (Apr 15) |
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Apr 15 · Sponsored: Empowering employees to champion sustainability initiatives requires a culture where sustainability is ingrained in everyday operations. A warm embrace between two Sodexo colleagues. Image courtesy of Sodexo. This article is sponsored by Sodexo. Employees form the backbone of most organizations - and what they do or don’t do affects progress toward sustainability milestones. Engaging employees on sustainability is an opportunity that organizations must embrace if they hope to succeed with sustainability goals and climate-conscious initiatives. Organizations of all sizes can bridge the gap between corporate goals and individual actions by ... | By Katherine Walker Read more ... |
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Plastics production on the Gulf Coast is exploding. Here’s how to respond - Greenbiz  (Apr 15) |
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Apr 15 · Even as the world suffers a plastics glut, petrochemical companies are prolonging the 'plasticene era.' The Gulf Coast petrochemical industry, one of the most polluting industry complexes on Earth, has expanded in response to low natural gas prices. Source: Roschetzky Photography via Shutterstock The Gulf Coast petrochemical industry has big expansion plans for plastics production that threaten to undermine corporate efforts to reduce plastics use and waste as well as the international negotiations for the Global Global Plastics Treaty that will continue this month in Ottawa. The looming plastics boom raises questions for sustainability professionals ... | By Meg Wilcox Read more ... |
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This week in climate policy: 3 federal briefings to watch - Greenbiz  (Apr 15) |
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Apr 15 · The political and commercial outlook for ocean CO2 removal. An aerial view of the Pentagon. Photo: Shutterstock/Jeremy Christensen Tuesday, April 16: A briefing by the Environmental and Energy Study Institute and World Resource Institute will cover "Demystifying Ocean Carbon Dioxide Removal." Panelists participating will address the current state of CO2 removal, the policy landscape and the importance of responsible scaling. Tuesday, April 16: The House Armed Services Committee will hold a hearing to examine the 2025 Fiscal Budget Request for Department of Defense’s Energy, Installations, and Environment Programs. While details regarding the hearing haven’t been ... | By Leah Garden Read more ... |
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'Existential crisis’ at SBTi inflames rift over future of net-zero organization - Greenbiz  (Apr 12) |
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Apr 12 · Staff “deeply concerned” over board’s new policy allowing carbon offsets for net-zero goals. Image by GreenBiz/Sophia Davirro A controversial and vague new Science Based Targets initiative policy that would let corporations count carbon offsets toward Scope 3 emissions reductions surprised the climate community when it was announced April 9 - including the organization’s own staff, who claim the situation has "damaged the trust of critical stakeholders." A letter circulated by "a majority" of SBTi staff criticized the plan and the way it was disclosed, saying it "undermined" the organization’s governance procedures. The board does not hold sole decision-making ... | By Heather Clancy Read more ... |
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How Dr. Martens got past the ick factor of second-hand shoes - Greenbiz  (Apr 11) |
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Apr 11 · The footwear brand’s logistics partner uses liquified CO2 to make vintage boots as good as new. A pair of unisex Doc Martens "combat boots". Credit: Shutterstock/dnaveh Would you pay $160 for used shoes? Dr. Martens has discovered that if it’s a pair of vintage leopard-hair boots originally priced at $280 and no longer available in stores, then the answer is yes. Nearly one-third of its customers have bought its footwear secondhand, Dr. Martens says. The bootmaker is helping customers get over the ick factor of second-hand shoes with a new website, launched last month. The ReWair store opened in the U.S. in late March, following success with a resale pilot on ... | By Elsa Wenzel Read more ... |
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Read the leaked protest letter from SBTi staff angry over new carbon offset policy - Greenbiz  (Apr 11) |
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Apr 11 · Letter claims the board “undermined” governance process in disclosing revised stance Staff members of the Science Based Targets initiative are circulating a letter deeply critical of a board statement issued earlier this week disclosing the standards-setting group’s intention to let companies count carbon credits and other "environmental attribute certificates" toward net-zero targets. SBTi does not currently allow companies to include carbon credits, because it’s difficult to trace and count their impact. The controversial shift was announced without consulting the SBTi Technical Council, an independent body tasked with reviewing and approving standards. While it ... | By Heather Clancy Read more ... |
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Reports: SBTi faces internal revolt over plans to relax rules on use of carbon offsets - Greenbiz  (Apr 11) |
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Apr 11 · Staff at the influential nonprofit are calling for the CEO's resignation after a controversial move to consult on changes to the net-zero standard, according to a Reuters report. The Science Based Targets Initiative (SBTi) has reportedly been thrown into "turmoil," after a number of staff responded angrily to news this week the group could revise its guidance to corporates to allow greater use of carbon offsets to meet net-zero targets. News agency Reuters reported it had seen a letter sent by a group of staff at the London-based nonprofit to the SBTi's board of trustees and CEO, which accuses the organization's leadership of inflicting "grave reputational damage" ... | By James Murray Read more ... |
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Introducing GreenBiz's 2024 Climate Policy Heroes - Greenbiz  (Apr 10) |
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Apr 10 · The inaugural list of changemakers making tangible impacts on climate policy. Graphics by Sophia Davirro and Julia Vann/GreenBiz The leaders adapting and mitigating the impacts of climate change are as far away as the corridors of Washington, D.C., and as close as your local town hall. The GreenBiz 2024 Climate Policy Heroes list highlights 15 of these leaders doing vital work to confront the climate crisis at the state, federal and local levels. Each honoree was nominated by their peers for their commitment and their tangible achievements, and each has carved a path toward transformative, creative and measurable change. Photo: Lena A. ... | By Leah Garden Read more ... |
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One way to get 'transition finance’ flowing: Write a climate transition plan - Greenbiz  (Apr 10) |
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Apr 10 · Executives in high-emitting sectors cite a lack of reliable financing as the main obstacle to developing net-zero plans. Relatively few corporations have published transition plans that detail investments they’re making to support their net-zero targets. It’s hardly surprising, then, that investors are using the 2024 proxy season to demand more information about corporate climate transition plans and how, exactly, they’re being financed. ESG-focused shareholder proposals relating to greenhouse gas emission reduction goals or climate transition plans are the leading category of filed resolutions so far this year, according to a March 25 analysis by nonprofit ... | By Grant Harrison Read more ... |
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SBTi: Yes, companies can use carbon offsets to abate certain Scope 3 emissions - Greenbiz  (Apr 10) |
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Apr 10 · Draft guidelines for the new policy, which will inform a revised Corporate Net Zero Standard, will be published in July. The Science Based Targets will allow companies to use "environmental attribute certificates" - a category of carbon accounting mechanisms that includes carbon offsets and renewable energy certificates - to abate certain Scope 3 emissions. The move, announced in an April 9 statement by the organization’s board of trustees, is a shift from the organization’s stance of requiring proposed emissions cuts for science-based targets to be directly tied to a company’s operations or its supply chain partners. The news comes amid big changes at SBTi, ... | By Heather Clancy Read more ... |
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SBTI urges automakers to stop making gas and diesel cars by 2035 - Greenbiz  (Apr 9) |
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Apr 9 · It’s the first time the organization has addressed the biggest source of emissions associated with cars - the customers who drive them. Image by GreenBiz/Sophia Davirro The Science Based Targets initiative is calling on automakers to stop producing new gas- or diesel-powered cars and vans for major economies by 2035. The push is part of an update to the organization’s "Land Transport Guidance," disclosed the same day the U.S. Environmental Protection Agency finalized tougher national pollution standards for new passenger cars, scheduled to take effect for new models starting in 2027. SBTi was created a decade ago to help corporations set emissions reduction ... | By Heather Clancy Read more ... |
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Steeper corporate emissions cuts needed by 2030 to keep Paris Agreement alive, analysis finds - Greenbiz  (Apr 9) |
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Apr 9 · Standalone renewable energy certificates, carbon removals and bioenergy undercut corporate claims, researchers suggest. The emissions reductions planned by 51 of the world’s largest companies are ambitious but still fall short of the cuts needed to meet the goals of the Paris Agreement, according to a new analysis of net-zero pledges. The companies studied - which self-reported 8.8 gigatons of greenhouse gases in 2022, or about 16 percent of global emissions - are aiming for a median cut of about 30 percent by 2030 across their own operations and those of their supply chain, according to the 2024 Corporate Climate Responsibility Monitor. That’s far short of the ... | By Heather Clancy Read more ... |
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How Google closes clean energy deals in as little as 2 months - Greenbiz  (Apr 8) |
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Apr 8 · With new standardized contracts, Google aims to scale the amount of 'carbon-free’ energy supplying its data centers. Google bought more than 1.5 gigawatts of renewable energy over the past 12 months using a streamlined contracting approach that closed deals in as little as two months. Previously, these negotiations often took 10 months to a year. Google’s new process compresses the usual steps associated with executing power purchase agreements, a type of contract for procuring electricity generated by solar or wind farms. Google has standardized the process with a contract template that balances risks associated with these sorts of deals between the buyer and ... | By Heather Clancy Read more ... |
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This week in climate policy: 4 developments to watch - Greenbiz  (Apr 8) |
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Apr 8 · The SEC pauses its corporate climate disclosure rule. First, an important story to follow. The Securities and Exchange Commission instituted a stay on its climate disclosure rule requiring companies to disclose emissions-related information to provide more transparency for current and prospective investors. The pause is a result of a GOP-led lawsuit, although the SEC clarified that it is temporary and does not indicate an abandonment of the rule. Wednesday, April 10: The House Financial Services Committee will hold a hearing titled "Beyond Scope: How the SEC’s Climate Rule Threatens American Markets." The Republican led committee will host a former SEC chairman and ... | By Leah Garden Read more ... |
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The week in climate policy: 4 updates you need to know - Greenbiz  (Apr 5) |
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Apr 5 · The EPA announces recipients for $20 billion from the 'green bank’ fund, Virginia applies for millions of dollars in federal funds to support decarbonization. The state of Virginia is applying for millions of dollars from the federal government for reducing pollution and greenhouse gas emissions. Source: Lucy Clark via Shutterstock Here’s the week in climate policy news: | By Leah Garden Read more ... |
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EPA announces awards for $20 billion 'green bank’ - Greenbiz  (Apr 4) |
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Apr 4 · Climate United, Power Forward, and the Coalition for Green Capital receive a total of $20 billion from the Greenhouse Gas Reduction Fund. Today the Environmental Protection Agency (EPA) announced the recipients of its $20 billion Greenhouse Gas Reduction Fund (GGRF). The three nonprofit coalitions of green banks and community lenders receiving - and evenly sharing - $14 billion from the GGRF’s National Clean Investment Fund are Power Forward, Climate United, and the Coalition for Green Capital. The remaining $6 billion will be divided between five nonprofit community hubs from the Clean Communities Investment Accelerator, helping lenders in underserved communities expand ... | By Leah Garden Read more ... |
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