Corporate emissions targets and action grow worldwide.
The Australian Energy Market Operator says Australia is ‘in the midst of what is likely to be the world’s fastest energy transition’. The operator recently finalised a twenty year blueprint for Australia’s shift to wind, solar and storage. Giles Parkinson at Renew Economy explains what it found.
The Rocky Mountain Institute has launched the Center for Climate Aligned Finance, in collaboration with four of the largest financial institutions globally: Wells Fargo, Goldman Sachs, Bank of America and JPMorgan Chase. The Center is also engaging with the broader community from corporate, financial and civil sectors. Partners include the Mission Possible Platform, the Energy Transitions Commission and more. Read the press release.
Microsoft, Nike, Mercedes-Benz and Unilever are among the global corporations behind the launch of ‘Transform to Net Zero’. Nine high profile organisations have committed to becoming carbon-negative by 2030. Microsoft has also developed a ‘sustainability calculator’, to help other organisations in eliminating emissions. Read more from India Block at Dezeen.
Banks in the US are boosting disclosures for lending activities that contribute to global warming. Most recently, Bank of America signed up to the Partnership for Carbon Accounting Financials, which is developing a common methodology for assessing emissions. Saijel Kishan at Bloomberg.
In Ireland, a Supreme Court ruling on the government’s climate action plan will have international consequences, according to an expert from the United Nations. The highest national court in the country has required the government of Ireland to revise its policy, accepting an argument that it did not do enough to tackle climate change.The UN special rapporteur on human rights and the environment, Dr. David R. Boyd, said in response: ‘This landmark decision recognises the urgency of responding to the climate emergency and sets a precedent for courts around the world to follow.’ Read more from the BBC.