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 […]
In today’s business landscape, addressing climate change is not just a matter of corporate responsibility; it is a strategic imperative. As governments, investors, consumers, and industry peers increasingly demand and reward sustainable operations, companies must make climate action a core part of their strategy. The science is clear: decarbonizing the economy is essential to limiting […]
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).