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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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5 circular economy startups we've got our eyes on

GreenBiz

Climate tech startups, and investments into them, are growing. In 2020, investments into early stage climate tech companies topped $60 billion and grew at a faster rate than all VC investments from 2013 to 2019. Electric vehicles are projected to reach 58 percent of global passenger vehicle sales by 2040. Courtesy of.

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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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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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Embracing the suck

Envirotec Magazine

Most people seem to believe some form of carbon capture and storage (CCS) will be necessary, although many are stil sceptical of an arguably “unproven” and ambitious technology. The same report said the number of facilities must “increase 100-fold by 2040, and scaling efforts are just not happening fast enough.”.

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Rothesay and Railpen commit to 2050 net zero targets

Business Green

Rothesay and RPMI Railpen have become the latest big investors to set out plans to reduce emissions in their investment portfolios and operations to achieve net zero by 2050. tonnes of carbon dioxide equivalent per full-time employee. This compares to a 160-tonne benchmark across the UK, according to 2019 data.