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Rio Tinto to invest $1 billion over 5 years to help meet new climate change targets

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Mining giant Rio Tinto will invest around $1 billion over the next five years to support the delivery of its new climate change targets and a company objective for net zero emissions from operations by 2050. The new targets for 2030 are: A further 30% reduction in Rio Tinto’s emissions intensity from 2018 levels.

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BP: world on unsustainable path; growing divergence between demands for climate change action and pace of progress

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This year’s edition highlights the growing divergence between demands for action on climate change and the actual pace of progress on reducing carbon emissions. The longer carbon emissions continue to rise, the harder and more costly will be the necessary eventual adjustment to net-zero carbon emissions.

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BMW Group pushes low-emission transport logistics; joins Getting to Zero Coalition

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Ahead of the United Nations Climate Change Conference (COP 25) in Madrid and as part of the Group’s commitment to further reduce carbon emissions along the entire value chain, the BMW Group has joined the “ Getting to Zero Coalition ”. The objective of this initiative is to use zero-emission cargo vessels from 2030.

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Draft of EPA Greenhouse Gas Inventory Shows Overall GHG Emissions Down By 2.9% in 2008; Transportation Emissions Down 5.7% in Largest Annual Change Recorded Since 1990

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CO 2 emissions from the US transport sector, 1990-2008. The draft report of the US Environmental Protection Agency (EPA)’s annual Inventory of US Greenhouse Gas Emissions and Sinks: 1990-2008 shows that in 2008, overall greenhouse gas (GHGs) emissions decreased by 2.9% (206.1 Tg CO 2 in 2008 from 1,893.8

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GCP Carbon Budget Finds Anthropogenic CO2 Emissions Rose 2% in 2008 Despite Global Financial Crisis; Natural Sinks Not Keeping Pace With Increasing Emissions

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Despite the economic effects of the global financial crisis (GFC), carbon dioxide emissions from human activities rose 2% in 2008 to an all-time high of 1.3 Other main findings of the study include: CO 2 emissions from the burning of fossil fuels have increased at an average annual rate of 3.4% over the previous seven years.

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Group of 285 global investors with more than $20T in assets under management calls for urgent action on investment-grade climate change and energy policies; guidelines for governments

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Saying that “ investment-grade climate change and clean energy policy is required to shift private sector investment from high-carbon to low-carbon assets ”, a group of 285 investors has urged governments and international policy makers to take new and meaningful steps in the fight against climate change.

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Garnaut Climate Change Review issues first of 8 update papers in 2011; reaffirms decision-making framework and need for mitigation efforts

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As commissioned by the Australian Government in 2010, the Garnaut Climate Change Review, led by Professor Ross Garnaut, has issued the first of a series of papers scheduled for this month and next updating the 2008 Climate Change Review. —2008 Climate Change Review. Earlier post.)