Tag: carbon-neutral

UK steel industry sets out vision for Net Zero transition – securing green jobs and investment

Stuart Mitchell

To create a Net-Zero steel sector in the UK and meet Government targets, a new report from UK Steel calls for a renewed focus on establishing a positive policy environment for steelmaking. Government has targeted a 95% emission reduction from steelmaking by 2050, while the Climate Change Committee has recommended that emissions from ore-based steelmaking be near zero by 2035. New Net Zero steel production will increase electricity use, but industrial electricity prices are a key barrier, as UK steelmakers currently pay almost 60% more than their European counterparts. UK…

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Fedex Commits to Carbon-neutral Operations by 2040

Stuart Mitchell

FedEx Corp., home of the world’s largest cargo airline, announced today an ambitious goal to achieve carbon–neutral operations globally by 2040.   To help reach this goal, FedEx is designating more than $2 billion of initial investment in three key areas: vehicle electrification, sustainable energy, and carbon sequestration.  This includes a pledge of $100 million to Yale University to help establish the Yale Center for Natural Carbon Capture, accelerating research into methods of carbon sequestration at scale, with an initial focus on helping to offset greenhouse gas emissions equivalent to current airline emissions.    “We have a responsibility to take bold action in addressing climate challenges,” said Frederick W. Smith, Chairman and CEO, FedEx Corp. “This goal builds…

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HelloFresh to become first global carbon-neutral meal kit company

Stuart Mitchell

HelloFresh, the world’s leading provider of meal kits, is committing to offset 100% of its direct carbon emissions from its internal operations and offices, plus all emissions from corporate travel and delivery to customers as part of the company’s green energy and carbon reduction strategy. This will makeHelloFresh the first global carbon-neutral meal kit company. For the International Segment, HelloFresh will partner with Planetly, a climate-tech startup from Berlin and, with their expertise, invest in climate protection projects around the globe. The initiative is expected to offset over 40,000 metric…

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