Results for: Net-Zero Emissions

American Airlines has committed to purchasing 100 hydrogen-electric engines from ZeroAvia, a clean aviation company, to power regional jets. This investment marks a significant step towards the airline’s goal of achieving net-zero greenhouse gas emissions by 2050, highlighting its commitment to sustainable aviation. ZeroAvia’s technology uses hydrogen fuel cells to generate electricity, powering electric motors that drive propellers, producing only water vapor as emission. This partnership signifies the advancement of clean aviation technologies and the potential for a more sustainable future for the industry.

Proposed European legislation aims to prevent companies from greenwashing their climate credentials but raises concerns over the use of offsetting to meet emission reduction targets. While the European Parliament favors limiting offsetting to unavoidable emissions, some member states push for broader use. The Green Claims Directive, however, conflicts with product-level environmental claims, which ban offsetting-based assertions. Critics argue that allowing offsetting could undermine emissions reduction efforts, while industry advocates maintain it supports genuine climate mitigation measures. The legislation also expands the scope of companies’ carbon footprint calculations to include indirect emissions, challenging petroleum firms’ net-zero pledges based on limited scope.

Newrizon, a leading electric vehicle (EV) startup, has partnered with Al Yemni Group, the leading light-duty commercial vehicle dealer in the GCC region, to distribute its zero-emission electric trucks throughout the region. This partnership aims to accelerate the adoption of sustainable transportation and support the GCC’s net-zero emission targets.

The global carbon credit market is expected to grow significantly from 2024 to 2028, driven by increasing corporate commitments to carbon neutrality and net-zero emissions targets. The market is estimated to grow at a CAGR of 31.01% during the forecast period, according to a recent report by Technavio. Key segments include forestry projects, offsetting activities, and the Cap-and-Trade system. While the market faces challenges such as price volatility and ensuring credit quality, it remains a crucial tool for organizations and individuals seeking to reduce their carbon footprint and transition to a low-carbon economy.

Deloitte’s latest report outlines a roadmap for achieving net-zero emissions by 2050, emphasizing cross-industry collaboration in key sectors such as infrastructure, power grid, industrial manufacturing, mining and metals, and land, water, and waste. The report stresses the urgency of action and the need for coordinated efforts to ensure a successful and sustainable energy transition on a global scale.

ViewSonic, a leading provider of visual solutions, has had its ambitious targets for achieving net-zero greenhouse gas (GHG) emissions by 2050 validated by the Science Based Targets initiative (SBTi). This milestone underscores ViewSonic’s commitment to environmental sustainability and its proactive role in combating climate change. ViewSonic has committed to reducing its carbon footprint by 42% by 2030 and achieving net-zero GHG emissions across its entire value chain by 2050.

Capital Power Corp., an Edmonton-based energy company, has announced the termination of its $2.4-billion carbon capture and storage project at its Genesee natural gas-fired power plant. The decision was made after evaluating the project’s technical viability and economic feasibility, with the company determining that the project was not financially viable at this time. Capital Power remains committed to its goal of achieving net-zero greenhouse gas emissions by 2045 and may explore carbon capture and storage options in the future if economic conditions improve.

Several leading Indian companies, including Adani Green Energy, Sun Pharma, and Adani Energy Solutions, have pledged to achieve net-zero emissions in the coming decades. These companies recognize the urgency of addressing climate change and are committed to playing their part in reducing greenhouse gas emissions.