Although the transition to meeting the EU’s net-zero targets could lead to worker displacement, these changes could also allow for an opportunity to reskill and retrain incumbent workers, and create employment for thousands of people (Exhibit 5).5...
BRUSSELS, March 4 (Xinhua) -- The European Commission introduced the European Climate Law on Wednesday, aiming to set a legally binding target of net zero greenhouse gas emission by 2050 into legislation. The legislation marks a move by the leadership of the European Union (EU) executive arm ...
The European Commission needs to reform its electricity market design to place a value on flexible balancing power capacity for the EU to achieve its net zero targets and improve energy security, according to a new study from the technology group Wärtsilä. With...
The transition plan is centred on the company’s commitment to achieving net-zero emissions by 2040 and is underpinned by Scope 1, 2 and 3 emissions targets verified by the SBTi. To execute the transition plan, the company has reorientated its culture and governance to align with the ...
The chief executive of JP Morgan has suggested that governments should seize private land to build wind and solar farms in order to meet net zero targets. Jamie Dimon, the longstanding boss of the Wall Street titan who donates to the Democratic Party, said green energy projects must be fast-...
The EU aims for net-zero emissions by 2050 and hopes to have at least 30 million zero-emission cars on European roads by 2030. EVs are crucial for this transition as road transport accounts for nearly a quarter of the EU's greenhouse gas emissions. Chinese vehicles have the potential to ...
The EU emissions trading system (ETS) should incorporate carbon removals if the bloc wants to achieve its net zero targets by 2050, according to a report by the International Emissions Trading Association (Ieta). Removing CO2 from the atmosphere and storing it permanently is necessary for the EU...
We are committed to playing our part in achieving national and international net zero goals, and to supporting the ambitious targets of our parent company DP World. To read more about DP World Sustainability strategy – clickhere. UK ETS ...
“In the Commission, we follow a net-zero policy and so each and every energy source that can contribute to that is, of course, most welcome,” said Garribba, who is deputy director general at the Commission’s energy department. And according to Garribba, nuclear fus...
Sixteen EU member states have signed up to the net zero ambition, although Germany had refused to commit. German diplomats declined to say why Berlin had decided to endorse the plan now. While bringing Germany on board is vital, Poland, Bulgaria and Hungary have opposed the 2050 target on ec...