Paris Agreement

Hess Corporation and the Government of Guyana Announce REDD+ Carbon Credits Purchase Agreement

Retrieved on: 
Friday, December 2, 2022

Hess Corporation (NYSE: HES) and the Government of Guyana today announced an agreement for Hess to purchase high quality carbon credits for a minimum of $750 million between 2022 and 2032 directly from the Government of Guyana.

Key Points: 
  • Hess Corporation (NYSE: HES) and the Government of Guyana today announced an agreement for Hess to purchase high quality carbon credits for a minimum of $750 million between 2022 and 2032 directly from the Government of Guyana.
  • Guyanas President, Dr. Irfaan Ali was joined today by Vice President, Dr. Bharrat Jagdeo and John Hess, CEO of Hess Corporation for a signing ceremony to commemorate this historic agreement.
  • The agreement adds to the companys ongoing and successful emissions reduction efforts, which are described in Hess annual Sustainability Reports .
  • And of course, I thank John Hess and the Hess Corporation for their continued partnership with and commitment to Guyana.

India Electric Vehicle Market Report 2022: Tata Motors with its Strong Presence Dominates in Passenger Car Segment in LCV, Mahindra & Mahindra has Largest Share

Retrieved on: 
Thursday, December 1, 2022

In PHEV, electric vehicles can use battery-powered motors and IC engines independently to run the vehicle.

Key Points: 
  • In PHEV, electric vehicles can use battery-powered motors and IC engines independently to run the vehicle.
  • The demand for electric vehicles is increasing rapidly, owing to the increasing shift towards advanced technology and multiple government initiatives in India.
  • The two-wheeler segment holds the dominance in the electric vehicle market as many youngsters opt for electric two-wheelers for their daily needs and city ride.
  • Tata motors limited with its strong presence dominates in passenger car segment.

Vauban Infrastructure Partners and Carbone 4 announce their common initiative to develop a pioneering methodology for analysing physical risks of infrastructure assets in North America

Retrieved on: 
Thursday, December 1, 2022

Following this observation, Vauban and Carbone 4 decided to create a partnership dedicated to developing a methodology for analysing the climate physical risks in North America.

Key Points: 
  • Following this observation, Vauban and Carbone 4 decided to create a partnership dedicated to developing a methodology for analysing the climate physical risks in North America.
  • Business resilience: the climate risks linked to the assets subject to climate change.
  • Laurent Morel, Associate at Carbone 4 explains: "This methodology benefits from Carbone 4' fifteen years of experience in the field of climate change physical risks.
  • Vauban Infrastructure Partners is a leading Infrastructure Asset Manager focused on core infrastructure investments.

Ingredion Receives SBTi Approval of Its Greenhouse Gas Emissions Reduction Targets

Retrieved on: 
Thursday, December 1, 2022

The targets covering greenhouse gas emissions from the Companys operations (scopes 1 and 2) are consistent with reductions required to keep warming to well-below 2C.

Key Points: 
  • The targets covering greenhouse gas emissions from the Companys operations (scopes 1 and 2) are consistent with reductions required to keep warming to well-below 2C.
  • We are pleased by the sustainability progress we have made and remain committed to continuing our journey to reach our ambitious 2030 emissions reduction targets.
  • For example, the Companys current decarbonization plan includes driving improvements by:
    About Science Based Targets initiative:
    The Science Based Targets initiative (SBTi) drives ambitious climate action in the private sector by enabling organizations to set science-based emissions reduction targets.
  • The SBTi defines and promotes best practice in science-based target setting and independently assesses companies targets.

AGRC introduces its Level 3 Certificate on ESG Principles and Standards

Retrieved on: 
Thursday, December 1, 2022

LONDON, Dec. 1, 2022 /PRNewswire-PRWeb/ -- The Association of Governance, Risk and Compliance (AGRC) is excited to announce the release of its Level 3 professional qualification in ESG principles and standards, a certificate that will help the modern-day professional gain a deeper understanding of ESG issues and what is required to set up a robust, durable, and efficient ESG programme for their organisation.

Key Points: 
  • LONDON, Dec. 1, 2022 /PRNewswire-PRWeb/ -- The Association of Governance, Risk and Compliance (AGRC) is excited to announce the release of its Level 3 professional qualification in ESG principles and standards, a certificate that will help the modern-day professional gain a deeper understanding of ESG issues and what is required to set up a robust, durable, and efficient ESG programme for their organisation.
  • With our AGRC Certificate in ESG, we hope to introduce both young and more experienced professionals to the main principles and standards ruling this sector and prepare them to help their organisations comply with any relevant obligations and reporting requirements."
  • Candidates are expected to complete the course and pass a 40-multiple-choice-question exam to achieve their professional qualification in ESG principles and standards.
  • For more details on this AGRC certificate, please visit our approved training partner LGCA's website here .

COP27: Sharm El-Sheikh Implementation Plan Re-Affirms Developing Country Action to Slow, Stop, and Reverse Deforestation through the REDD+ Mechanism

Retrieved on: 
Wednesday, November 30, 2022

SHARM EL SHIEKH, Egypt, Nov. 30, 2022 /PRNewswire/ -- One year after COP26 where the REDD+ Mechanism was controversially removed from the implementation article of the Paris Agreement (Article 6), rainforests nations successfully negotiated the mechanism back into the COP27 Sharm-El Sheikh Implementation Plan on Saturday night.

Key Points: 
  • The positive outcome of the final text on forests and finance is in line Papua New Guinea's Prime Minister Hon.
  • James Marape's call for climate action at UN General Assembly," said Simo Kilepa, Minister of Environment, Conservation and Climate Change, Papua New Guinea.
  • We thank the Egyptian Presidency for the transparency and inclusiveness with which they conducted the talks this year."
  • that allow private sector finance to developing countries in return for accomplished emissions reductions under the REDD+ mechanism.

DSM starts construction of large scale production facility for its novel methane-reducing feed additive for ruminants, Bovaer® in Dalry, Scotland

Retrieved on: 
Wednesday, November 30, 2022

The plant will significantly increase global production of Bovaer, DSM's unique methane-reducing feed additive for cattle.

Key Points: 
  • The plant will significantly increase global production of Bovaer, DSM's unique methane-reducing feed additive for cattle.
  • Construction officially began today on a facility that will help DSM scale-up production of Bovaer in the coming years and marks another milestone in the company's ambition to bring its methane-reducing feed additive to the market worldwide.
  • Bovaer is a feed additive for cows researched and developed over 10 years by DSM.
  • The feed additive Bovaer therefore contributes to a significant and immediate reduction of the environmental footprint of meat, milk and dairy products.

Universal Energy Facility offering grants to support electrification by mini-grid in the Democratic Republic of the Congo

Retrieved on: 
Wednesday, November 30, 2022

The Universal Energy Facility opened a new financing windowin the DRC that offers grants to companies connecting people to mini-grids.

Key Points: 
  • The Universal Energy Facility opened a new financing windowin the DRC that offers grants to companies connecting people to mini-grids.
  • The facility provides "results-based finance" to these companies by awarding grants once electricity connections have been established and verified.
  • "The Universal Energy Facility will help improve electricity access in communities across the Democratic Republic of the Congo," said Damilola Ogunbiyi, CEO and Special Representative of the UN Secretary-General for Sustainable Energy for All and Co-Chair of UN-Energy.
  • The DRC is the fifth country to have a Universal Energy Facility programme, with the others being Benin, Madagascar, Sierra Leone and Nigeria.

Universal Energy Facility offering grants to support electrification by mini-grid in the Democratic Republic of the Congo

Retrieved on: 
Wednesday, November 30, 2022

The Universal Energy Facility opened a new financing windowin the DRC that offers grants to companies connecting people to mini-grids.

Key Points: 
  • The Universal Energy Facility opened a new financing windowin the DRC that offers grants to companies connecting people to mini-grids.
  • The facility provides "results-based finance" to these companies by awarding grants once electricity connections have been established and verified.
  • "The Universal Energy Facility will help improve electricity access in communities across the Democratic Republic of the Congo," said Damilola Ogunbiyi, CEO and Special Representative of the UN Secretary-General for Sustainable Energy for All and Co-Chair of UN-Energy.
  • The DRC is the fifth country to have a Universal Energy Facility programme, with the others being Benin, Madagascar, Sierra Leone and Nigeria.

WTTC unveils world-first global Travel & Tourism climate footprint data

Retrieved on: 
Tuesday, November 29, 2022

RIYADH, Saudi Arabia, Nov. 29, 2022 /PRNewswire/ -- The World Travel & Tourism Council (WTTC) has today unveiled groundbreaking new data detailing the climate footprint of the global Travel & Tourism sector.

Key Points: 
  • RIYADH, Saudi Arabia, Nov. 29, 2022 /PRNewswire/ -- The World Travel & Tourism Council ( WTTC ) has today unveiled groundbreaking new data detailing the climate footprint of the global Travel & Tourism sector.
  • The findings were launched today at the global tourism body's 22nd Global Summit in Riyadh by the World Travel & Tourism Council and the Sustainable Global Tourism Center.
  • Previous estimates have suggested that the global Travel & Tourism sector was responsible for up to 11% of all emissions.
  • The World Travel & Tourism Council ( WTTC ) represents the global travel & tourism private sector.