UPM has officially opened a new combined heat and power (CHP) plant in Germany, bringing the company closer to meeting its ambitious target to decrease its CO2 emissions by 65% by 2030. The Finnish company is committed to meeting the targets of the 2015 Paris Agreement well in advance, through practicing climate-positive forestry, innovating novel products and taking actions such as investing in renewable and efficient energy solutions to power its own sites, while taking part in the transformation of energy systems in Europe.
The United Nations Climate Change Conference COP27 opened yesterday with the key aim of ensuring full implementation of the Paris Agreement. Discussions at COP27 begin near the end of a year that has seen devastating floods and unprecedented heat waves, severe droughts and formidable storms, all unequivocal signs of the unfolding climate emergency. At the same time, millions of people throughout the world are confronting the impacts of simultaneous crises in energy, food, water and cost of living, aggravated by severe geopolitical conflicts and tensions. In this adverse context, some countries have begun to stall or reverse climate policies and doubled down on fossil fuel use.
Coldplay is partnering up with Neste to take steps towards the band’s target of reducing CO2 emissions from the Music Of The Spheres World Tour by 50% compared to the band’s previous world tour. Neste will provide Coldplay with sustainable aviation fuel (SAF) to help reduce emissions from air travels, while the company’s renewable diesel will help cut emissions from the band’s tour transports and stage power generation.
As part of the COP26 climate conference, Deutsche Post DHL Group has announced a further step towards introducing climate-friendly aviation logistics. The Group has agreed a new partnership with Neste1 to supply the DHL Express division with Sustainable Aviation Fuel (SAF) at the UK’s East Midlands Airport. In total, DHL will purchase SAF for more than EUR 60 million by mid- 2022, reducing around 70,000 tons of CO2. This is a first step for the Group to reach its ambitious 2030 target of meeting at least 30 per cent of its fuel needs in aviation through sustainable fuels.
IFP Energies Nouvelles (IFPEN) and Total signed a strategic R&D partnership that includes an agreement to endow a chair atthe IFP School, on carbon capture, utilization and storage (CCUS) and technologies to curb CO2 emissions. The roughly €40 millionpartnership covers a period of five years.
Sweden is aiming to become climate neutral by 2045. However, it has been estimated by the UN Intergovernmental Panel on Climate Change (IPCC) that we may have as little as twelve years to tackle climate change. To examine what it takes to reduce CO2 emissions as fast as possible, Neste and its partners set to turn the island of Lidö in the Swedish archipelago into a climate neutral Zero Island in just twelve months. As a result of the project, the island’s emissions were brought down by an impressive 78 percent from their previous levels.
ExxonMobil is progressing growth plans to substantially increase earnings and cash flow potential while researching technology breakthroughs to reduce emissions, Chairman and CEO Darren Woods told shareholders during the company’s annual meeting.