Policy & Standards SBTi calls for no new fossil fuel installation from 2030 to decarbonise buildings Companies setting SBTi-approved targets in the construction sector shall also reduce operational and embedded emissions. Melodie Michel 29 August 2024
CSO Futures Weekly CSO Futures Weekly: US climate policies hang in the balance New policies are lowering emissions in the US, leaders question UN ambition on fossil fuels and Aussie corporations bet on carbon credits... Melodie Michel 15 August 2024
Fossil fuels Nobel winners and former presidents slam lack of fossil fuel mention in UN pact draft "Another stark failure to confront one of the greatest threats to our planet and humanity." Melodie Michel 14 August 2024
Climate litigation UK quashes new oil drilling project following landmark ruling The move is in response to a landmark judgment from Britain’s highest court ruling that planning authorities must also consider the impacts of burning – not just extracting – fossil fuels when deciding whether or not to approve projects. Olivia Peluso 11 July 2024
Operations & Finance Lufthansa Group adds fee to cover EU sustainability regulations The Lufthansa Group is introducing an environmental surcharge to all flights departing from the EU, the UK, Norway, and Switzerland, saying it could not bear the additional costs generated from soon-to-be enacted sustainability regulations. Olivia Peluso 26 June 2024
Energy Transition TotalEnergies, EnBW win offshore wind site for US$3.2 bn TotalEnergies and EnBW won a 2.5 gigawatt (GW) German offshore wind site in an auction for a combined $3.2 billion. Olivia Peluso 21 June 2024
Energy Transition Wind and solar added more new energy than any other sources in 2023 Wind and solar combined in 2023 generated more new energy than any other source for the first time in history, though the world still burnt record-high levels of oil and coal. Olivia Peluso 20 June 2024
Policy & Standards G7 climate commitments fall short of corporate expectations "This is a missed opportunity even at a time of uncertain politics.” Olivia Peluso 18 June 2024
Energy Transition EU energy transition: 20% of fossil fuel generation displaced by renewables since 2019 Without policy-driven wind and solar growth, fossil generation would have fallen by just 1.9% (21 TWh). Melodie Michel 03 June 2024
Policy & Standards SBTi updates financial institution guidance with optional fossil fuel target criteria The new document also clarifies that the exclusion of non-material activities from FI targets “may not exempt any activities related to fossil fuels”. Melodie Michel 30 May 2024