Results for: Carbon Neutrality

Leviton’s Network Solutions Business Unit has announced that it has achieved carbon neutrality ahead of schedule. This achievement was accomplished through a three-step process of measure, reduce, and offset. Leviton employed a global sustainability consultancy to measure its carbon footprint and identify areas of potential improvement. The company then reduced its carbon emissions by 55% through investments in clean energy providers and on-site solar power. Finally, Leviton invested in clean energy-focused carbon offset projects to offset the remaining emissions. The company is committed to achieving company-wide carbon neutrality by 2030.

HIF Global, the world’s leading eFuels company, has announced a strategic investment from Japanese energy company Idemitsu Kosan. The investment will support the development of HIF’s eFuels projects, which aim to produce renewable, carbon-neutral liquid fuels that can be used in existing infrastructure. Idemitsu joins a consortium of existing HIF investors, including AME, EIG, Porsche, Baker Hughes, and Gemstone Investments.

Despite global efforts to phase out coal power by 2040, China’s coal consumption is projected to remain substantial, posing challenges to its decarbonization goals. The report suggests that coal will constitute 25% of China’s energy mix by 2050, highlighting the country’s continued reliance on fossil fuels.