APiJET, LLC has received a $4.5 million grant from the Biden-Harris administration to advance their Digital WingletsTM flight route optimization software. This technology aims to reduce fuel consumption and emissions in the aviation industry, supporting sustainability goals and helping airlines meet financial targets.
The global carbon cleaning machine market is expected to grow at a CAGR of 3.4% from 2024 to 2034, reaching US$ 339.9 million by 2034. Driven by rising urbanization and vehicle ownership, especially in emerging nations, the market is experiencing significant growth. This technology, which uses hydrogen and oxygen to remove carbon deposits from engines, offers improved performance, fuel efficiency, and reduced emissions, making it increasingly popular for vehicle maintenance.
China has approved a record 11 new nuclear reactors across five sites, demonstrating its commitment to expanding atomic energy for a cleaner energy future. This approval comes as China pushes to eliminate emissions and relies more heavily on nuclear power.
PortMiami has become the first major cruise port on the US East Coast to offer shore power connections, allowing ships to plug into the local electric grid and reduce emissions. Carnival Conquest, the first ship to utilize the new system, represents a significant milestone for the cruise industry’s commitment to sustainability.
CapitaLand Investment Limited (CLI) has widened its scope of sustainability reporting by incorporating three new material Scope 3 emission categories and expanding others. This move reinforces CLI’s commitment to tracking and reducing its environmental impact across its value chain, with a focus on tenant emissions and supply chain management. Despite portfolio growth, CLI achieved a 13.4% energy intensity reduction in 2023 through various asset enhancement initiatives. The company continues to deploy renewable energy solutions and has partnered with tenants to testbed innovations to enhance sustainability performance. CLI also secured notable financing in sustainable finance, demonstrating its leadership in the sector. Overall, these proactive initiatives have resulted in recognition for CLI in global sustainability indices and underscore its commitment to environmental stewardship.
In the third round of funding for the EPA’s Clean School Bus Program, over $5 billion has been allocated for the purchase of clean propane autogas buses. Fifty-eight districts will receive a total of 269 propane autogas buses to replace aging diesel buses. Propane autogas buses reduce harmful nitrogen oxide (NOx) emissions by 96% compared to diesel, have a range of 400 miles, and can operate even if the electric grid is down.
Blackbaud has been named to America’s Climate Leaders 2024, ranking fourth out of 450 companies for its efforts in reducing greenhouse gas emissions. The company has demonstrated a 70.30% reduction in core emissions year-over-year and has achieved a 92% overall reduction in GHG emissions since 2019. Blackbaud’s commitment to sustainability includes supporting customers in their own sustainability journeys and minimizing the company’s environmental impact through initiatives like its remote-first workforce.
AAR CORP. (NYSE: AIR) has been named one of America’s Best Climate Leaders for 2024 by TODAY and Statista Inc., recognized for its commitment to reducing emissions intensity. This prestigious award acknowledges AAR’s ongoing efforts in environmental stewardship and sustainability.
A carbon capture and storage project in Saskatchewan, Canada, has fallen short of its emissions reduction targets, casting doubt on the technology’s cost-effectiveness. According to a report by the Institute for Energy Economics and Financial Analysis, the Boundary Dam project, a coal-fired power plant that began capturing carbon dioxide in 2014, has not consistently met its goal of capturing 90% of emissions. The average capture rate has been approximately 57%, primarily due to technical issues and limited demand for carbon dioxide from the energy industry. While proponents argue that the project has provided valuable experience and lessons for future CCS projects, critics maintain that carbon capture is unlikely to be a cost-effective solution for reducing emissions on a large scale.
Electric haul trucks are the key to meaningful emissions reduction in the mining industry, as they contribute to over 90% of vehicular emissions in mining. The electrification of these vehicles is steadily progressing and is expected to be a huge growth industry by 2044. Mining companies, OEMs, and battery suppliers are all showing interest in electric haul trucks due to their environmental benefits, cost savings, and increased productivity.
