Today’s ESG Updates
- Switzerland Sets 2035 Emissions Target: Switzerland has set a 65% reduction in greenhouse gas emissions target for 2035 in line with the Paris Agreement.
- Cargo Ship Captures Its CO2 Emissions: The Clipper Eris cargo ship sets sail in February, pioneering carbon capture technology.
- Blueleaf Energy and Jackson Green Partner: The two companies have joined to develop over 5GW of clean energy for India.
- Meta Adds to Green Energy Portfolio: Meta signs a deal with Zelestra to further renewable energy production in Texas.
Switzerland sets target of 65% reduction in greenhouse gas emission by 2035
Switzerland aims to reduce its greenhouse gas emissions by 65% by 2035, compared to 1990 levels, in line with the Paris Agreement. The new goal will form the basis of Switzerland’s Nationally Determined Contribution (NDC) under the Paris Agreement. NDCs are national climate action plans that are required to be updated with more ambitious goals every 5 years. Action plans are essential to meeting climate goals, and businesses are proving more successful with ESG solutions.
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Further reading: Switzerland targets 65% cut in greenhouse gas emissions by 2035
New cargo ship captures its CO2 emissions using CCS technology
The Clipper Eris cargo ship is launching a two-year pilot project to capture CO2 from its exhaust and store it onboard. Equipped with carbon capture (CCS) technology, the system targets to recover 70% of the ship’s CO2 emissions. This technology would be a significant factor in decarbonising the shipping industry. The Clipper departs Singapore in early February for its testing mission.
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Further reading: Cargo ship captures CO2 from its own exhausts and stores it on-deck
Blueleaf Energy and Jackson Green partner to reduce India’s CO2 emissions
Blueleaf Energy and Jackson Green have partnered to develop over 5 GW of renewable energy in India by 2030. Their first project, a 1 GW solar farm in Rajasthan, is backed by $400 million in investment. With 25-year power agreements, the project will power 1.5 million homes and cut 22 million tonnes of CO2 over 25 years. This collaboration aims to accelerate India’s clean energy transition and contribute significantly to the country’s net-zero goals.
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Further Reading: Macquarie Asset owned Blueleaf to invest $400 mln in Jakson Green’s India solar assets
Meta and Zelestra sign deal to boost renewable energy in Texas
Meta has partnered with Zelestra to develop four new solar energy projects in Texas, delivering 595 megawatts of energy. With Meta’s target to reach net-zero emissions by 2030, these projects are required to help sustainably power Meta data centres in Texas. This deal is among many already signed by Meta to increase renewable energy usage across its value chain. Businesses aiming to reduce emissions across their value chains can adopt the use of ESG tools to hit emission targets.
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Further reading: Meta And Zelestra Boost Clean Energy In Texas With 595 MWac Deal
Editor’s Note: The opinions expressed here by the authors are their own, not those of impakter.com — Cover Photo Credit: aboodi vesakaran
