Paris Agreement

Mace appoints two sustainability leaders in the Americas

Retrieved on: 
Tuesday, February 20, 2024

NEW YORK, Feb. 20, 2024 /PRNewswire-PRWeb/ -- Mace appoints two sustainability leaders in the Americas

Key Points: 
  • World leading program delivery consultancy Mace Group has appointed two New York-based sustainability leaders to support the firm's growing business in the Americas and advance the pursuit of a sustainable world.
  • With over four-fifths of the Americas' population residing in urban areas, the imperative of resilient, sustainable development has never been greater.
  • - Priya Jain, President, Mace Americas
    Mace Group, leading, global program delivery consultants and construction provider, announced the appointment of two sustainability leaders to support the firm's growing consultancy in the Americas, while advancing the pursuit of a sustainable world.
  • Mace Americas President Priya Jain said:
    "With over four-fifths of the Americas' population residing in urban areas, the imperative of resilient, sustainable development has never been greater.

Ghana’s new vehicle tax aims to tackle pollution – expert unpacks how it’ll work and suggests reforms

Retrieved on: 
Thursday, February 15, 2024

It’s only the third African country to introduce an explicit carbon tax, after South Africa and Mauritius.

Key Points: 
  • It’s only the third African country to introduce an explicit carbon tax, after South Africa and Mauritius.
  • The tax is intended to address harm associated with vehicle emissions.

Why is the government taxing emissions?

  • The proposed vehicle emissions tax under the Emissions Levy Act, 2023 is one of several environmental fiscal reform measures being introduced by the government.
  • Environmental tax reform aims to shift the burden of taxation to environmentally damaging activities, such as pollution.
  • Ghana’s government believes the vehicle emissions tax is a more cost-effective and equitable way to make sure the polluter pays, prevent harm and protect the public.

What has been done so far to reduce air pollution?

  • In 2021, the government introduced a sanitation and pollution levy on petrol and diesel under the Energy Sector Levies Act to raise revenue to improve air quality, among other goals.
  • The levy accrued GHS452 million (US$55 million) in 2022.
  • These measures weren’t well designed from a tax policy point of view as they were not tied to actual vehicular emissions.

How should an emissions tax work and how does the new tax work?

  • Ideally, the tax should be based on the actual carbon dioxide and other pollutant emissions from a vehicle, measured in grams of carbon dioxide per kilometre.
  • Each car owner would pay an annual tax for the amount of CO₂ their car emits above that threshold.
  • The tailpipe emissions test would be done during the annual roadworthiness check by Ghana’s Driver Vehicle and Licensing Authority.

What are the objections to the tax and can they be accommodated?

  • There is also no clear plan for what the tax will be used for after it is collected.
  • Several critics, especially in the manufacturing and transport sector, say there are already too many taxes.
  • But the government is under pressure to raise domestic revenue as part of its International Monetary Fund conditionalities.

How does Ghana’s tax compare with others in Africa?

  • For example South Africa introduced a carbon emissions tax on vehicles in 2010.
  • A 2018 study indicated that South Africa’s CO₂ emissions tax had failed to influence which new cars consumers were buying.
  • Ghana’s proposed emissions tax for vehicles up to 3 litre engine capacity is not unreasonable when benchmarked to South Africa’s.

Can the tax be implemented and will it meet its objectives?

  • The existing sanitation and pollution levy must first be scrapped and replaced with the vehicle emissions tax.
  • The tax bands should conform to emission standards set by the Ghana Standards Authority and the vehicle licensing authority.
  • Having both the sanitation and pollution levy and vehicle emissions tax operating at the same time amounts to double taxation.

What is the tax collection picture in Ghana?

  • Ghana tax collection is currently around 14% of GDP.
  • Its aim is to get to 18% by 2028, comparable with its peers such as Senegal, Namibia, Togo and Rwanda.


Theophilus Acheampong is affiliated with the IMANI Centre for Policy and Education in Accra, Ghana. He has also consulted for the Government of Ghana on environmental fiscal reform in a private capacity.

Corporate Alignment with Climate Goals Under Scrutiny: LyondellBasell & Bayer demonstrate good practice

Retrieved on: 
Tuesday, February 13, 2024

Chemical giant LyondellBasell (LYB) has emerged as an example of better practice in this field by proactively addressing concerns over misaligned industry affiliations.

Key Points: 
  • Chemical giant LyondellBasell (LYB) has emerged as an example of better practice in this field by proactively addressing concerns over misaligned industry affiliations.
  • The company's Climate Advocacy Report , released in May 2023, evaluates its memberships in key trade associations, categorising each based on alignment with climate policy positions.
  • Another example of good practice is provided by Bayer’s (BAY) Industry Association Climate Review (2023) which assesses 63 associations.
  • As the world grapples with climate challenges, the time for blurred communication is long gone, and corporate leaders should be clear about their climate transition pathway.

Aviva Canada launches new program to tackle supply chain emissions

Retrieved on: 
Monday, February 12, 2024

TORONTO, Feb. 12, 2024 /CNW/ - Aviva Canada today announced the launch of its Net-Zero Supplier Accelerator program after a successful pilot with a small group of its suppliers.

Key Points: 
  • TORONTO, Feb. 12, 2024 /CNW/ - Aviva Canada today announced the launch of its Net-Zero Supplier Accelerator program after a successful pilot with a small group of its suppliers.
  • Through this program, Aviva aims to bring its suppliers along on its own net-zero journey by prioritizing engagement and collaboration to understand their challenges and provide access to support and tools to meet those needs.
  • "The road to net zero is not one that any company can walk alone," says Michelle Li, VP Corporate Planning, Performance and Business Partnering, Aviva Canada.
  • "Rather than the typical request to just reduce and estimate our emissions for reporting, Aviva provided us with an action-based program rooted in real data and the support needed to implement it.

Fujitsu Earns Top Rating from CDP in Climate Change Category

Retrieved on: 
Wednesday, February 7, 2024

TOKYO, Feb 7, 2024 - (JCN Newswire) - Fujitsu Limited today announced that the Fujitsu Group has been selected for the CDP's A List for climate change for the seventh year in a row, earning the highest rating in the CDP's evaluation of corporate activities in response to climate change.

Key Points: 
  • TOKYO, Feb 7, 2024 - (JCN Newswire) - Fujitsu Limited today announced that the Fujitsu Group has been selected for the CDP's A List for climate change for the seventh year in a row, earning the highest rating in the CDP's evaluation of corporate activities in response to climate change.
  • The survey evaluates companies' outstanding efforts to demonstrate leadership in disclosing information, identifying and managing risks, addressing challenges, as well as setting ambitious and significant goals.
  • In 2017, The Fujitsu Group laid out its medium- to long-term environmental vision, the Fujitsu Climate and Energy Vision, setting its goal to achieve zero carbon emissions by 2050.
  • Utilizing AI and other advanced digital technologies to support innovation, Fujitsu is working to mitigate and adapt to the impacts of climate change through its business operations.

CRITEO REPORTS RECORD FOURTH QUARTER 2023 RESULTS

Retrieved on: 
Wednesday, February 7, 2024

NEW YORK, Feb. 7, 2024 /PRNewswire/ -- Criteo S.A. (NASDAQ: CRTO) ("Criteo" or the "Company"), the commerce media company, today announced financial results for the fourth quarter and fiscal year ended December 31, 2023.

Key Points: 
  • Revenue for Q4 2023 was $566 million, gross profit was $277 million and Contribution ex-TAC was $316 million.
  • Revenue for the fiscal year 2023 was $1.9 billion, gross profit was $863 million and Contribution ex-TAC was $1.0 billion.
  • Our record fourth quarter performance reflects building momentum for our  Commerce Media Platform and our strong focus on cost efficiencies, setting the stage for continued growth and robust profitability in 2024."
  • Contribution ex-TAC in the fourth quarter increased 12% year-over-year, or increased 10% at constant currency, to $316 million (Q4 2022: $283 million).

One year on from Cyclone Gabrielle, NZ still needs a plan to fix its failing infrastructure

Retrieved on: 
Tuesday, February 6, 2024

Hawkes Bay, parts of Auckland and the Coromandel all still bear the scars of the worst storm to hit New Zealand this century.

Key Points: 
  • Hawkes Bay, parts of Auckland and the Coromandel all still bear the scars of the worst storm to hit New Zealand this century.
  • Restoring infrastructure to the way it was before a natural disaster is not necessarily the best approach for a resilient future.
  • A year after Gabrielle, New Zealand needs to look to the future of climate risk, policy creation and infrastructural investment.


How frequently will it be exposed to the costs and chaos of weather events?
How should it respond to those risks?
What are the infrastructural investment priorities?
How should it sequence its responses?
And how will we pay for these measures?

Read more:
Landslides and law: Cyclone Gabrielle raises serious questions about where we've been allowed to build

Political agreement in theory

  • In October 2016, the National-led government’s environment minister Paula Bennett announced the ratification of the Paris Climate Accord.
  • The treaty became legally enforceable in New Zealand in 2020 while Jacinda Ardern was prime minister.
  • Fundamentally, the commitment to addressing climate change is a point of agreement across the political spectrum.
  • Having ratified the Paris Accord, cuts to the country’s emissions are legally enforceable and time-bound.

Can NZ ‘adapt and thrive’?

  • If this is a national priority, then planning, budgeting and sequencing need to be committed to.
  • Hundreds of billions of dollars will be needed over a multi-decade, integrated programme of planning, compulsory purchase and infrastructure construction.
  • Read more:
    NZ cities urgently need to become 'spongier' – but system change will be expensive

Time for big decisions

  • If the policy is going to be reconsidered, so be it.
  • But New Zealand has pressing infrastructural investment needs to facilitate growth and sustainability.
  • Given the huge financial consequences, and inevitable trade-offs in social programmes, education, defence and other budget priorities, a time frame for making big decisions is essential.


John Tookey does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

Laconic Announces New Suite of AI/ML & Portfolio Management Capabilities for SADAR™ NCM Platform

Retrieved on: 
Tuesday, February 6, 2024

CHICAGO, Feb. 6, 2024 /PRNewswire/ -- Laconic Infrastructure Partners Inc. (Laconic), has announced a suite of new capabilities of SADAR™ Natural Capital Monetization (NCM), the world's only trusted data management and interchange platform designed for the carbon market ecosystem. Now, all carbon market participants – developers, originators, regulators, traders, warehousers, end-buyers, and clearing/settlement providers – have access to contextually appropriate aggregated and harmonized carbon data tailored to their individual use cases.

Key Points: 
  • CHICAGO, Feb. 6, 2024 /PRNewswire/ -- Laconic Infrastructure Partners Inc. ( Laconic ), has announced a suite of new capabilities of SADAR™ Natural Capital Monetization (NCM) , the world's only trusted data management and interchange platform designed for the carbon market ecosystem.
  • SADAR™'s new feature suite is designed to further integrate carbon-specific data flows into global capital markets participants' existing business processes.
  • This allows regulated financial institutions to leverage their core competencies to drive large-scale capital market flows and enhance profitability.
  • Only via SADAR™ NCM can institutional-scale origination and trading of carbon be realized, and with it, NetZero."

‘A deeply troubling discovery’: Earth may have already passed the crucial 1.5°C warming limit

Retrieved on: 
Tuesday, February 6, 2024

The worrying findings, based on temperature records contained in sea sponge skeletons, suggest global climate change has progressed much further than previously thought.

Key Points: 
  • The worrying findings, based on temperature records contained in sea sponge skeletons, suggest global climate change has progressed much further than previously thought.
  • Human-caused greenhouse gas emissions drive global warming.
  • To date, estimates of upper ocean warming have been mainly based on sea-surface temperature records, however these date back only about 180 years.
  • Earth may in fact have already reached at least 1.7°C warming since pre-industrial times – a deeply troubling discovery.

Getting a gauge on ocean heat

  • Oceans cover more than 70% of Earth’s surface and absorb an enormous amount of heat and carbon dioxide.
  • Global surface temperatures are traditionally calculated by averaging the temperature of water at the sea surface, and the air just above the land surface.
  • This makes it more difficult to accurately reconstruct stable baseline ocean temperatures.
  • But what if there was a way to precisely gauge ocean temperatures over centuries in the past?

Studying a special sponge

  • But they grow at a much slower rate and can live for many hundreds of years.
  • This means sclerosponges can provide a detailed diary of sea temperatures, down to a resolution of just 0.1°C.
  • We studied the sponge species Ceratoporella nicholsoni.
  • We looked at temperatures going back 300 years, to see whether the current time period which defines pre-industrial temperatures was accurate.
  • The sponge records showed nearly constant temperatures from 1700 to 1790 and from 1840 to 1860 (with a gap in the middle due to volcanic cooling).

What does this mean for global warming?

  • It shows human-caused ocean warming began at least several decades earlier than previously assumed by the IPCC.
  • Long-term climate change is commonly measured against the average warming over the 30 years from 1961 to 1990, as well as warming in more recent decades.
  • Add to that the average 0.8°C global warming from 1990 to recent years, and the Earth may have warmed on average by at least 1.7°C since pre-industrial times.
  • Read more:
    'Australia is sleepwalking': a bushfire scientist explains what the Hawaii tragedy means for our flammable continent

We must act now


Our revised estimates suggest climate change is at a more advanced stage than we thought. This is cause for great concern. It appears that humanity has missed its chance to limit global warming to 1.5°C and has a very challenging task ahead to keep warming below 2°C. This underscores the urgent need to halve global emissions by 2030.
Malcolm McCulloch receives funding from the Australian Research Council.

Medallia Commits to Net Zero by 2040

Retrieved on: 
Monday, February 5, 2024

Medallia, Inc. , the global leader in customer and employee experience, today announced a commitment to achieve net-zero greenhouse gas (GHG) emissions by 2040, 10 years ahead of what is required in The Paris Agreement.

Key Points: 
  • Medallia, Inc. , the global leader in customer and employee experience, today announced a commitment to achieve net-zero greenhouse gas (GHG) emissions by 2040, 10 years ahead of what is required in The Paris Agreement.
  • The Paris Agreement calls on countries to reduce their emissions and work together to adapt to the impacts of climate change.
  • “Sustainability has long been a priority at Medallia and we’re excited to honor the environmental goals of our customers and partners by reducing our own emissions and in turn, helping them reduce theirs,” said Joe Tyrrell, CEO, Medallia.
  • “This commitment is the first of its kind in the experience industry and highlights our industry-leading commitment to do our part in the fight against climate change.”
    As one of the first steps to obtain net zero by 2040, Medallia has also participated in a new virtual power purchase agreement facilitated by Watershed.