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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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5 circular economy startups we've got our eyes on

GreenBiz

The startups you will hear from apply a multitude of ideas to mitigate climate risk, respond to shifting customer demands and unlock new business opportunities across the value chain. Made of Air’s carbon-negative materials are drop-in ready, and they are already working with companies such as H&M and Audi. Who are they?

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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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A fossil fuel demand peak is fast approaching, but will it come soon enough?

Business Green

A new report from McKinsey predicts global fossil fuel demand 'will never return to its pre-pandemic growth curve', but warns the world is still on track to badly miss its climate goals. The influential consultancy giant today published a new report detailing how it expects global oil demand to peak in 2029, with gas demand peaking in 2037.

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'Fossil fuel free flying': RAF completes first flight with synthetic fuel

Business Green

An Ikarus C42 aircraft piloted by Group Captain Peter "Willy" Hackett completed a 20-minute flight on the morning of 2 November using Zero Petroleum's ZERO SynAvGas 100 per cent synthetic aviation gasoline, as part of a joint mission to defossilise the RAF's fuel intake ahead of its 2040 net zero target.

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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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Climate Pledge: Microsoft, Unilever, and ITV join Amazon's net zero drive

Business Green

Amazon's corporate climate initiative secures backing from another 13 major companies, as overall membership committed to net zero by 2040 swells to 31. Tech company Rubicon, UK property firm Canary Wharf Group, Canadian airline Harbour Air, and UK sustainability consultancy ERM are also among the latest batch of inductees.