Tata Power has launched the Energy Insights & Innovation Lab (EIIL) at its Mumbai based headquarters. This strategic research initiative is designed to harness cutting-edge research, data and experimentation to support India's clean energy transition while improving the quality, reliability and affordability of electricity services for consumers across India.
Tag: net zero
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Ralph Lauren retires net zero goal in favour of rolling milestones
Ralph Lauren Corporation has announced that it will evolve its approach to climate as part of its ongoing commitment to decarbonisation. It will retire its 2040 net zero goal in favour of setting rolling five-year GHG reduction milestones, with a near-term focus on its current SBTi-validated 2030 goal to reduce emissions by 30% from its FY20 baseline.
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President Xi Jinping announces China’s climate commitments
China will, by 2035, reduce economy-wide net greenhouse gas emissions by 7% to 10% from peak levels, said President Xi Jinping of China at the United Nations Climate Summit on 24 September. China will increase the share of non-fossil fuels used in its energy supply to over 30%; expand the installed capacity of wind and solar power to over six times the 2020 levels; make electric vehicles mainstream; expand the National Carbon Emissions Trading Market to cover major high-emission sectors; and establish a climate adaptive society.
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UK launches principles for navigating grid transformation
As the UK looks to further its move towards net zero, the transformation of its electricity grid is central to delivering clean, secure and affordable energy. The Government Office for Science has published a set of key principles for policymakers to consider when developing policy to strengthen and expand the national electricity grid. The principles support the embedding of social science into the government’s mission to become a clean energy superpower.
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ShareAction: real estate investment managers fall short on climate
Research by ShareAction, which campaigns for responsible investment, shows several of the world’s largest real estate investment managers are failing to take even basic steps to tackle climate change, leaving investors exposed to financial risks and emissions unchecked in a key sector for the transition to net zero.
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UK’s OBR: cost of climate uncertain but cost of inaction higher
The costs of climate change are highly uncertain, but represent a significant risk to the public finances in all the scenarios explored by the UK’s Office for Budgetary Responsibility (OBR). These costs come from both transitioning the economy to net zero emissions, and from damage to the economy caused by climate change. However, the latter is the more significant fiscal cost in the scenarios the OBR presents.
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£833m net zero Teesside contract for UK’s Balfour Beatty
Balfour Beatty, the international infrastructure group, has announced that it has been awarded an £833m contract by Technip Energies to act as the construction partner for Net Zero Teesside Power – an onshore power, capture and compression project and poised to be the world’s first gas-fired power station with carbon capture and storage.
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OECD: accelerated climate action can drive growth and development
Ambitious climate targets that are underpinned by robust implementation and investment plans can provide economic opportunities, unlock investment, and support sustainable development and growth, while facilitating low-emission transitions, according to a new joint report by the OECD and the United Nations Development Programme (UNDP).
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Collaboration agreement signed to realise North Sea potential
The North Sea Transition Authority and Crown Estate Scotland have signed a Statement of Intent (SoI) to collaborate on energy and carbon storage in the North Sea. The SoI includes a pledge to progress net zero targets by helping different technologies share space and taking a coordinated approach to managing the seabed.
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What does the UK-EU Summit mean for energy and emissions?
The UK and the EU have agreed a substantial cooperation agreement in relation to trade and free movement. Included in the package are two energy and emissions trading arrangements.
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People in the supply chain matter
People keep getting packaged up by business. Be it in gender pay gap reporting, racial equity programmes, menopause initiatives or the muddle of staff surveys. But shouldn’t the conversation about people be about the sweet spot where business looks after its people and people serve their employers?