Carbon dioxide removal (CDR), the set of human-induced activities through which carbon dioxide is removed from the atmosphere and durably stored, will play an increasingly important role in businesses’ net-zero pathways. In fact, while it remains imperative to reduce greenhouse gas (GHG) emissions to tackle the climate crisis, estimates show that we will also need […]
Today, around 80% of industrial process heating applications source their energy from fossil fuels. This makes process heating by far the largest contributor to industrial carbon emissions. WBCSD is releasing a Solar Thermal Navigator Brief to raise awareness of solar thermal as a renewable heating solution. This document highlights the technology’s benefits, limitations, key parameters […]
With a global climate crisis increasingly threatening human security, we must accelerate the shift towards clean energy technologies and phase out of the use of coal in electricity generation, second only to oil in the global energy mix. Yet continued high use of the fossil fuel jeopardizes global climate ambitions, with over 95% of coal […]
India today presents a vibrant picture of growth. Having just surpassed China to become the world’s most populous country, with a population predicted to keep growing for the next three decades, India is also poised to become the fastest growing economy among G-20 nations in 2024. What does it take to power the world’s most […]
Today, the World Business Council for Sustainable Development (WBCSD) released the Energy Climate Scenario Catalogue version 3.0. The Catalogue enables businesses to conduct strategic climate resilience assessments and explore transition pathways. It outlines the dependencies and uncertainties across various possible temperature and energy system outcomes. The original version of the Catalogue was developed in 2022, responding […]
The International Energy Agency has published an update to its Net Zero Roadmap, highlighting the actions needed from the energy sector to align with a 1.5°C scenario and achieve net zero by 2050. The key message is one of urgency – while there has been progress in clean energy technologies, the 1.5°C window is narrowing annually, and […]
CLP Group’s updated Climate Vision 2050 heavily targets reducing greenhouse gas emissions by mid-century.
Estimates put the global market capitalization of the oil and gas sector at USD $6.5 trillion, which is equivalent to the combined gross domestic product of the United Kingdom and France in 2022. As the oil and gas industry transitions, this value might change and greater transparency on how this might occur is crucial to […]
Emergence strategy: Guiding companies through rapid energy transition with collaboration and systems thinking for a sustainable future.
On December 13, 2023, Dr. Sultan Al Jaber ended COP28 in Dubai with the UAE Consensus, marking Paris Agreement’s first Global Stocktake. Despite controversy, it emphasizes fossil fuel transition.