Press Release – Corporate Climate Responsibility Monitor 2024
NewClimate Institute
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21h ago
Despite increased ambition in their climate target-setting, 51 of the world’s largest companies commit to reducing their emissions by only 30% on average by 2030, falling short of the 43% reduction required to limit global warming to 1.5°C, according to a report released today by NewClimate Institute in collaboration with Carbon Market Watch ..read more
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The SBTi Board’s statement on carbon credits is not grounded in science or due process
NewClimate Institute
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21h ago
NewClimate Institute applauds the brave reaction from the staff of the Science Based Targets initiative, who today issued a strong statement rejecting their Board’s unilateral statement on the use of carbon credits ..read more
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Press release - Leading examples of corporate renewable electricity strategies are leaving laggards and standard-setters in the dust
NewClimate Institute
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3M ago
The renewable electricity commitments of 10 major companies in the fashion and tech industries vary widely in terms of ambition and credibility. Standard-setting initiatives provide very limited incentives and sometimes even barriers to companies striving for more impactful renewable electricity strategies ..read more
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Press release - CAT COP28 briefing
NewClimate Institute
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4M ago
Despite their promises, governments have not taken enough action to drive down warming projections, with some instead turning to false solutions such as CCS to continue the world's reliance on fossil fuels, the Climate Action Tracker said as it released its annual warming update at COP28 ..read more
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VCMI’s scope 3 flexibility claim could turn back the corporate ambition dial to business-as-usual
NewClimate Institute
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4M ago
The VCMI has released its integrity guidelines for corporate use of carbon credits. In some regards, the concept of VCMI’s Silver, Gold and Platinum claims set out a transparent and constructive approach. But beyond this window dressing, the Scope 3 Flexibility Claim will be the most relevant part of the claims package for the next decade ..read more
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Release: State of Climate Action report finds progress lags on every measure except EV sales
NewClimate Institute
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5M ago
Global efforts to limit warming to 1.5°C are failing across the board, with recent progress made on every indicator — except electric passenger car sales — lagging significantly behind the pace and scale that is necessary to address the climate crisis, according to the State of Climate Action 2023 report ..read more
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Response to GFANZ APAC June 2023 Consultation
NewClimate Institute
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5M ago
NewClimate Institute and the Institute for Climate Economics (I4CE) submitted a response to a public consultation on the Glasgow Financial Alliance for Net Zero’s proposed set of voluntary guidance for financing the early retirement of coal-fired power plants in Asia-Pacific. This blog post highlights key points from our submission ..read more
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Walking the tightrope of Indonesia's energy transition: Boosting jobs or leaving coal communities behind?
NewClimate Institute
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5M ago
As the Government of Indonesia prepares to publicly launch its first iteration of plans to deliver on the goals of the Just Energy Transition Partnership it announced one year ago, we take a look at implications for the workers and communities that currently depend on its large and growing coal sector ..read more
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Microsoft error or external attack causing disruption to email communication across the climate change community
NewClimate Institute
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6M ago
From 17-28 October, to our knowledge any email with the NewClimate URL was unjustifiably quarantined by Microsoft email servers without any notice, regardless of who sends or receives the email ..read more
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Press release - CAT briefing: What will it take for countries to get their power sectors on track for 1.5°C?
NewClimate Institute
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7M ago
The Climate Action Tracker today released a new analysis of progress across 16 countries in fossil gas, coal and renewable power, showing a mixed bag of progress with some signs of hope ..read more
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