Financial services firm Legal & General Retirement has today pledged to cut the carbon intensity of its £81bn annuity book in half by 2030. An interim goal will see the firm, which is targeting a net zero portfolio by 2050, aim for an 18.5 per cent reduction by 2025.
As recently reported in the Financial Times, if every British person sent one fewer thank you email a day, it would save 16,433 tonnes of carbon a year, equivalent to tens of thousands of flights to Europe.
High levels of methane- a potent heat trapping gas- have been detected down to a depth of 350 metres in the Laptev Sea near Russia, prompting concern among researchers that a new climate feedback loop may have been triggered that could accelerate the pace of global heating.
Using powerful supercomputers and machine learning algorithms, scientists from NASA’s Goddard Space Flight Center in Greenbelt, Maryland, and international collaborators are demonstrating a new method for mapping the location and size of trees growing outside of forests. In the process, they have discovered billions of trees in arid and semi-arid regions and are laying the groundwork for more accurate global measurement of carbon storage on land.
Tackling climate change is a central tenet of many post-COVID corporate strategies. More than 1,500 companies have now set targets to reach net-zero greenhouse gas emissions — that’s triple the number that had done so by the end of 2019.
Food production accounts for one-quarter of the world’s greenhouse gas emissions and takes up half of the planet’s habitable surface. Adjusting one’s diet to eat less (or no) meat and dairy would deliver tremendous emissions savings and have positive health outcomes as well.
A host of top figures from business, finance, and academia led by former Bank of England Governor Mark Carney have announced a global Taskforce to accelerate the development of voluntary carbon markets across the private sector, ahead of anticipated surge in demand for CO2 offsets as the net zero transition gathers pace.
Australia’s greenhouse gas accounting underestimates national emissions by about 10%, largely due to a failure to properly recognise the impact of methane released during gas production, an analysis has found.
Up to now, estimates of greenhouse gas emissions from industries have relied mainly on paper-based calculations of what’s pouring out of tailpipes and smokestacks, based on the amount of energy consumed by people and businesses. But as satellite technology improves, researchers are starting to stress test the data – and the early results show leaky oil and gas industry infrastructure is responsible for far more of the methane in the atmosphere than previously thought. This will put pressure on energy companies – already targeted by climate activists and investors for their contribution to carbon dioxide emissions – to find and plug methane leaks.