Remove Carbon Remove Carbon-neutral Remove Fossil fuels Remove Investment
article thumbnail

FedEx pledges to be carbon neutral by 2040

GreenBiz

FedEx pledges to be carbon neutral by 2040. Global logistics giant FedEx on Wednesday announced a goal to be carbon neutral by 2040. The plan includes a $2 billion investment across electric vehicles, clean energy for operations and a new academic center with Yale focused on capturing carbon. Carbon Capture.

article thumbnail

£80m boost to help UK businesses tackle carbon emissions

Envirotec Magazine

The UK government announced the disbursement of over £80 million funding on 28 June, intended to give a boost to a range of projects geared towards ditching fossil fuels in favour of cleaner energy sources. Projects include hydrogen-powered cornflake production and low-carbon Scottish whisky distillation. CCUS Innovation 2.0

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What’s the difference between net-zero and carbon-neutral policies?

Renewable Energy World

As understanding of the climate crisis increases and the harm to ourselves, the environment, business, industry, and the economy that will follow, so a desire to not only reduce carbon but to be seen reducing carbon increases. In both cases, carbon offsetting removes CO 2 from the environment.

article thumbnail

Europe’s power system – vision for carbon neutrality

Smart Energy International

This will need to be timed with the future system needs and the gradual phase-out of fossil fuel generation. These will require both significant investments in infrastructure and a regulatory framework and market design ‘fit for purpose’ that delivers the required price and investment signals and the necessary ancillary services.

article thumbnail

Italian gas giant Snam targets carbon neutrality by 2040

Business Green

Europe's biggest gas pipeline company unveils multi-billion Euro investment plan to transition to hydrogen and biomethane. The plan designates €6.7bn of investment towards regulated energy infrastructure, focused on hydrogen-ready replacements for gas, as well as digitisation and decarbonisation programmes.

article thumbnail

Low carbon packages: FedEx pledges to deliver 'carbon neutrality' across its operations by 2040 with $2bn investment drive

Business Green

Air cargo operator pledges to invest in sustainable fuels, carbon capture research, and fleet electrification in bid to meet new climate goals. Addressing climate change is a complex challenge that demands urgent action, and natural carbon capture strategies will be one key part of that action," said Dr.

article thumbnail

On the road to carbon neutrality

Business Green

We began our sustainability journey over 25 years ago, and since then have made good progress, particularly in cutting carbon emissions. By 2030, Dow will reduce its net annual carbon emissions by five million metric tons versus its 2020 baseline. And by 2050, Dow intends to be carbon neutral. Our commitments.