MANILA, Philippines — Ayala Group’s listed energy company ACEN, investment firm GenZero and infrastructure company Keppel Ltd. have signed an agreement exploring the use of transition credits to accelerate the retirement of South Luzon Thermal Energy Corp. (SLTEC)’s coal-fired power plant (CFPP) in Batangas and replace it with a clean energy dispatch facility. Under the […]
It is no secret that a global energy transition requires a huge and rapid upscale in clean energy production and infrastructure and that the bill to finance it will be costly, albeit delivering valuable future economic and societal benefits. A commercially solid business case for energy transition projects, which is a prerequisite to attract financial […]
As the world grapples with the urgent need to address climate change, the energy sector stands at a critical crossroads. The transition to sustainable energy isn’t just an environmental imperative—it’s a transformative shift that will reshape our workforce and society. But how can we ensure this transition is both effective and equitable? Let’s explore a vision of a truly just energy transition.
Decarbonizing heat generation and use in industries represents a major challenge in the energy transition. Heat accounts for most of Scope 1 and Scope 2 emissions for industrial businesses in sectors such as food and beverage, paper and pulp, fast-moving consumer goods, and chemicals. In 2021, the way we generated and used heat was responsible […]
Mumbai, India, 24 June 2024: The CEOs and C-level executives of 32 forward-thinking companies convened during the inaugural World Business Council for Sustainable Development (WBCSD) India Connect event in Mumbai and agreed to collectively address industrial greenhouse gases emissions and accelerate market readiness of hydrogen development and road freight decarbonization. As part of WBCSD’s Industrial […]
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 […]
WBCSD unveiled the CEO Guide to the Climate-related Corporate Performance and Accountability System (CPAS).
Dubai, 29 November 2023 – In a new business brief published today by the World Business Council for Sustainable Development (WBCSD) Switch project, companies ABB, Accenture, Eaton and Schneider Electric, together with the BASE Foundation, Climate Group, Global Sustainable Electricity Partnership (GSEP) and Integrate to Zero explain how integrating decarbonization solutions presents a fast lane to net zero operations. […]
The time is ripe for businesses to make the leap to low-carbon operations. With supportive public policies and advancements in clean technology, a monumental shift is underway. Yet, to stay below the critical 1.5°C warming threshold, global cleantech investments must triple by the decade’s end. Business leaders face dilemmas between cost implications, technical feasibility, ROI, […]
Decarbonized hydrogen is gaining momentum as one of the few available solutions to a complex challenge in the energy transition – the decarbonization of hard-to-abate sectors. It is now clear: without the use of this energy carrier, many energy-intensive industries will not achieve net-zero emissions by 2050. And yet, despite this widespread consensus, only 4% of all […]