Only 10pc of energy companies aligned with Paris Agreement – TPI
Majority of firms’ emissions reduction plans are insufficient to keep warming below 1.5°C
Most of the 140 largest energy companies around the world are still taking insufficient action to reduce emissions in line with goals set by the Paris Agreement, according to recent analysis by investor coalition the Transition Pathway Initiative (TPI). The Paris Agreement aims to keep global warming to within 1.5°C this century, but only 14 companies have set emissions reduction targets aligned with that goal. The majority of these firms are electrical utilities, including the US’ Eversource Energy, Con Edison, CMS Energy, AES and PSEG; Germany’s Eon, EnBW and RWE; Spain’s EDP; and Denmark’s Orsted. “The transition is underway within the energy sector and some companies, as shown by this la
Also in this section
1 May 2024
Abundant storage and low cost of capturing CO₂ from sharply rising gas production mean NOC’s ambitious CCUS targets look well within reach
29 April 2024
Decarbonisation push and shifting multilateral trade policy sharpens continent’s need for carbon trading
29 April 2024
Canada’s oil sands producers need policy certainty to make the multibillion-dollar investments needed to achieve net zero, Pathways Alliance president Kendall Dilling tells Carbon Economist
25 April 2024
Carbon capture rates forecast to rise steadily from end of decade, but policy tools to drive large-scale deployment have yet to take shape, according to DNV