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FedEx says it will be carbon-neutral by 2040

Renewable Energy World

Company is going all-electric and funding a new Yale center for applied research focused on carbon-negative technologies. announced this week that it wants to achieve carbon-neutral operations globally by 2040. Key steps toward reaching the FedEx carbon neutral goal include: Vehicle Electrification. FedEx Corp.

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'Game-changer': Brimstone secures $55m investment in boost for 'carbon-negative' cement-making process

Business Green

US start-up Brimstone Energy has announced $55m of fresh investment to support development of its "carbon negative" cement making process, after a host of major backers joined its latest fundraising round. Conventional processes for producing cement and concrete are inherently carbon and energy intensive.

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HSBC pledges to cut off coal financing by 2040 following investor pressure

Business Green

Banking giant commits to ending support for coal by 2040 after reaching compromise with shareholders. The board-backed proposal commits the bank to phasing out all project finance, corporate finance, and underwriting of coal-fired power and thermal coal mining by 2030 in the EU and OECD, and by 2040 globally.

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5 circular economy startups we've got our eyes on

GreenBiz

Textiles and the fashion industry account for about 20 percent of global wastewater pollution, 10 percent of global carbon emissions and 17 million tons of municipal solid waste. Made of Air’s carbon-negative materials are drop-in ready, and they are already working with companies such as H&M and Audi. Courtesy of. Made of Air.

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Rubbish opportunity: Viridor sets sights on becoming UK's first 'negative emissions' waste and recycling firm

Business Green

Waste and recycling firm plans to invest in carbon capture technology at its waste-to-energy facilities in the UK. Kevin Bradshaw, Viridor's chief executive, said tackling the climate crisis needed "bold action" and that the company was committed to doing everything in its power to achieve its net zero and negative emissions targets.

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Green groups urge UN to raise climate ambition on global shipping

GreenBiz

IMO member states are meeting this week for critical talks to discuss how the carbon-intensive shipping industry can be regulated to meet its 2030 climate target of reducing its carbon emissions intensity by 40 percent compared to 2008 levels. It is a dynamic that has left environmental campaigners increasingly frustrated. .

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Zero Carbon Humber: Velocys and INEOS join industrial decarbonisation hub

Business Green

Aviation biofuels producer and petrochemicals giant join consortium aiming to deliver 'world's first' net zero industrial cluster by 2040. INEOS Acetyls chief executive David Brooks said joining the industrial decarbonisation consortium reinforced its commitment to "producing essential products while reducing emission to net zero by 2050".

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