Revealed: the 20 firms behind a third of all carbon emissions

The Guardian today reveals the 20 fossil fuel companies whose relentless exploitation of the world’s oil, gas and coal reserves can be directly linked to more than one-third of all greenhouse gas emissions in the modern era.

New data from world-renowned researchers reveals how this cohort of state-owned and multinational firms are driving the climate emergency that threatens the future of humanity, and details how they have continued to expand their operations despite being aware of the industry’s devastating impact on the planet.

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Source: The Guardian

Banks worth $47 trillion adopt new UN-backed climate, sustainability principles

In the Principles, launched one day ahead of the UN Climate Action Summit in New York, banks commit to strategically align their business with the goals of the Paris Agreement on Climate Change and the UN Sustainable Development Goals (SDGs), and massively scale up their contribution to the achievement of both. 

“The UN Principles for Responsible Banking are a guide for the global banking industry to respond to, drive and benefit from a sustainable development economy,” UN Secretary-General António Guterres said at the launch event, adding that they also “create the accountability that can realize responsibility, and the ambition that can drive action.” 

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Source: UN News

Why industry is going green on the quiet

Secret sustainability’ is on the rise, with companies loath to talk about their ecological credentials. Why?

There’s a factory in Asia that uses only a single litre of water to make a pair of jeans. That’s 346 litres less than Levi-Strauss estimated it took to make a pair of its jeans in 2015. Wouldn’t you love to buy your jeans from this amazingly innovative factory? Me too, but I don’t even know what it’s called.

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Source: The Guardian

Greta Thunberg and ‘Flight Shame’ Are Fueling a Carbon Offset Boom

Campaigning by climate activist Greta Thunberg and filmmaker-naturalist David Attenborough is persuading pollution-conscious fliers to try and mitigate the environmental damage caused by their flights.

Sales of so-called carbon offsets are soaring: Myclimate, a Swiss nonprofit whose clients include Deutsche Lufthansa AG, reported a five-fold uptake in its credits in a year. At Ryanair Holdings Plc, Europe’s largest discount carrier, the number of customers making voluntary offset payments has almost doubled in 18 months.

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Source:Bloomberg

Coca-Cola Great Britain Brings Back Reverse Vending Machines

Cola-Cola Great Britain is bringing reverse vending machines back to Merlin Entertainments sites following a successful trial initiative last summer. This time, the beverage company has placed 23 machines across local attractions.

The way the machines work is that each bottle recycled delivers a 50%-off voucher for one of Merlin’s amusement park locations. Last year’s pilot began in late July and ran through the end of August.

Machines available this summer are set to be operational through October 17 at Alton Towers Resort, Thorpe Park Resort, Chessington World of Adventures Resort, and Legoland Windsor Resort. All other participating attractions have the machines until March 31, 2020, the beverage company noted.

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Source: Environmental Leader

Fashion retailers cannot afford to ignore sustainability

Fashion retailers are taking steps to improve sustainability, but recycled ranges and ethical product filters are weak responses to a trend that could cause significant disruption to the market.

Sustainable fashion

Consumers and retailers alike have recognised the growing importance of sustainability in fashion, as seen by the recent wave of announcements by online fashion retailers, including Asos with its “responsible edit” range, to cater for a customer base that is far more aware of the impact clothing has on the environment and are looking to live more sustainable lifestyles.

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Source: Retail Insight

Global carbon emissions hit another record

To avert climate catastrophe, the power sector needs a more sustainable energy mix.

In “ICE ON FIRE”, a documentary narrated by Leonardo DiCaprio which premiered last night on HBO, the actor and environmental activist highlights the magnitude of the climate crisis and some of the tools available to fight it, from renewable energy to advanced batteries to carbon capture.

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Source: The Economist

World Environment Day 5 June

It is time to act decisively. My message to governments is clear: tax pollution; end fossil fuel subsidies; and stop building new coal plants. We need a green economy not a grey economy.” — Secretary-General, António Guterres

Humans are both creatures and moulders of their environment, which gives them physical sustenance and affords them the opportunity for intellectual, moral, social and spiritual growth. In the long and tortuous evolution of the human race on this planet a stage has been reached when, through the rapid acceleration of science and technology, humans have acquired the power to transform their environment in countless ways and on an unprecedented scale.

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Source: United Nations

Costa Rica pledges carbon neutrality by 2021

Costa Rica’s President Luis Guillermo Solis announced on Monday during the opening of Abu Dhabi Sustainability Week that the country was aiming to achieve carbon neutrality by 2021.

The Central American nation already sources 98 per cent of its electricity from renewables, according to the Costa Rican Electricity Institute (ICE).

Costa Rica ran solely on renewable energy for a total of 250 days in 2016, including a 110-day continuous period from 17 June to 6 October.

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Source: Climate Action

Climate change: What can you do to cut carbon emissions?

The UK should aim to cut greenhouse gas emissions to net zero by 2050, a report has said.

The Committee on Climate Change recommends the UK sets and pursues the emissions target and to keep global temperatures from rising by more than 1.5C in the long-term.

The ‘net zero’ target will mean an end to heating of homes with traditional gas boilers, more green electricity, and a switch from petrol and diesel cars to electric vehicles, walking and cycling.

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Source: ITV News