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IEA: global CO2 emissions rebounded to their highest level in history in 2021; largely driven by China

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Global energy-related carbon dioxide emissions rose by 6% in 2021 to 36.3 The rebound of global CO 2 emissions above pre-pandemic levels has largely been driven by China, where they increased by 750 million tonnes between 2019 and 2021. In 2021 alone, China’s CO 2 emissions rose above 11.9 billion tonnes.

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Volvo Cars switches to biodiesel for ocean freight; cutting fossil CO2 emissions by 84%

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From now on, most of these seafaring journeys are made with renewable fuel instead of traditional fossil fuel. The first global car maker to announce such a switch, Volvo calculates it will achieve an immediate reduction in fossil CO 2 emissions from intercontinental ocean freight by 55,000 tonnes over a year.

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BMW Group secures CO2-reduced steel for global production network

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Following initial contracts with European suppliers, the BMW Group has now concluded further 2 -reduced-steel-for-global-production-network">agreements for the supply of CO 2 -reduced steel in the US and China. Steel is one of the main sources of CO 2 emissions in our supply chain.

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Honda secures auto industry’s largest renewable energy purchase; 60% reduction in CO2 from N.A. manufacturing operations

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Seeking to slash CO 2 emissions from its North American manufacturing operations, Honda has entered into long-term virtual power purchase agreements (VPPAs) for renewable wind and solar power that will cover more than 60% of the electricity that Honda uses in North America. will deliver to the grid by the end of 2020.

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3 Oil Majors That Bet Big On Renewables

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Despite the much-vaunted megatrend involving the global electrification drive and shift to renewable energy , the most ambitious pledges by Big Oil to pursue net-zero agendas remain weak at best. Indeed, much of Big Oil's reduction in greenhouse gas (GHG) emissions leans on the so-called natural gas bridge. 1 Equinor.

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Prometheus CEO outlines tech advances that could make CO2-to-fuels renewable gasoline and jet price-competitive with fossil fuels

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In a commentary in the journal Joule , Rob McGinnis, founder and and CEO of Prometheus , a company that is developing technology to remove carbon dioxide from the air and turn it into fuels, discusses the technology advances that could lead to the potential price-competitiveness of renewable gasoline and jet with fossil fuels.

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Mercedes-Benz Cars aims to cut vehicle CO2 emissions by 50% over lifecycle by end of this decade

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At its first digital ESG (Environment, Social and Governance) Conference for investors and analysts, Mercedes-Benz announced aims to at least halve CO 2 emissions per passenger car over the lifecycle by the end of this decade compared to 2020 levels. Globally, the portfolio already includes six—and soon nine—all-electric models.

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