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February 15 · Issue #77 · View online
The insider memo for sustainability leaders in the commodities sector.
If you would like help measuring your carbon emissions please visit https://carbonchain.com/contact
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Green fuels are set to replace diesel from Indian farms by 2024; Dominion Energy enhances Net Zero goals by targeting Scope 3 emissions; NFTs and Metaverse’s environmental impact; and much more… Welcome to the 77th Edition of the Climate Memo by CarbonChain!
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Scope 3: Taking ownership of supply chain emissions
Most companies’ climate impact lies in their supply chains, but tackling upstream emissions poses problems of calculation and influence.
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Green fuels are set to replace diesel from Indian farms by 2024
India, the world’s third-biggest energy consumer and a top grower of grains and sugar, targets to end the use of diesel in the farming sector in less than three years.
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Marathon Petroleum Corp. establishes 2030 target to reduce absolute Scope 3 greenhouse gas emissions
Marathon Petroleum Corp. (NYSE: MPC) has established a 2030 target to reduce absolute Scope 3 – Category 11 greenhouse gas (GHG) emissions by 15% below 2019 levels.
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NFTs and the Metaverse: Can the latest capitalist movement ever be part of a low-carbon future?
Over the last 12 months, billions of dollars have moved into the Metaverse market, with a key focus on Non-fungible tokens (NFTs). Businesses are eyeing up this opportunity but need to be aware of the huge environmental impacts surrounding this enigmatic new technology.
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Dominion Energy enhances Net Zero goals by targeting Scope 3 emissions
Clean energy provider Dominion Energy has enhanced its 2050 net zero goals by tackling the company’s Scope 3 emissions. By supporting various regulations, developing supply chain transparency and implementing and developing new energy technologies, Dominion Energy says it will work to achieve net zero in the company’s Scope 3 emissions.
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Virgin Atlantic signs new sustainable aviation fuel deal
Virgin Atlantic has signed a deal with Neste and ExxonMobil to source 2.5 million litres of Sustainable Aviation Fuels (SAFs) from renewable waste and residue raw materials, in a bid to use power 10% of its flights from SAFs by 2030.
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Duke Energy plans to exit all coal, double renewables
The company will shutter 11 remaining coal-fueled plants by 2035 and more than double its renewable capacity by 2030 as part of a massive — and expensive — clean energy push.
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