ESG Africa Conference’s Post

Germany's 2030 Climate Goals: A Beacon of Hope and Determination Germany's progress towards its ambitious 2030 climate targets brings a wave of optimism and a clear demonstration of effective climate action. The Federal Government, with Economics and Climate Action Minister Robert Habeck at the helm, has confirmed that Germany is on track to meet its goal of reducing greenhouse gas emissions by 65% compared to 1990 levels, according to the latest projections from the German Environment Agency (UBA). This milestone is not just a number but a testament to Germany's steadfast commitment to a sustainable future. With plans to achieve climate neutrality by 2045 and to source at least 80% of electricity from renewable energies by 2030, Germany is setting a global standard for environmental stewardship and the energy transition. As professionals in sustainability, renewable energy, and environmental policy, let's take inspiration from Germany's progress and engage in collaborative, innovative solutions to overcome obstacles in our respective sectors and communities. https://lnkd.in/dSD4AhUf #ClimateAction #Sustainability #RenewableEnergy #Germany2030 #EnvironmentalPolicy

Denmark moves closer to reaching climate targets. The annual Danish Climate Status and Projection (KL) projects Denmark to reach a 55.5% reduction in CO2 emission by 2025, as well as being closer to reaching the national climate goal of 70% reduction by 2030. “With the new climate projection, we expect to meet the 2025 target. At the same time, we are well on our way towards the 2030 target. The CO2 reductions are the result of ambitious agreements and broad political responsibility for climate action together with ongoing better knowledge of the emissions. We must not take our foot off the accelerator, because we are neither at the finish line nor sure that there won’t be a detour or two along the way,” says Lars Aagard, Minister for Climate, Energy and Utilities, Klima-, Energi- og Forsyningsministeriet. The reduction is largely due to the green transition of the Danish energy sector, where electricity and district heating are set to become greener, along with plans to phase out remaining coal power plants. Read more: https://lnkd.in/dQiRQDfx

Jack Green-Morgan, Political Consultant for Energy, Utilities and Net Zero at Dods Political Intelligence, provides the following comment on the Climate Change Committee (CCC) report on “Progress in Reducing Emissions in Scotland”:   “Scotland showcased its climate ambition on the global stage at COP26 in Glasgow, but the ruling SNP-Green Party Coalition will be hoping this report goes unnoticed by those who visited in 2021.   There is now no credible pathway for Scotland to meet the ambitious target of reducing emissions by 75 percent by 2030, according to the Climate Change Committee. Stakeholders will be looking for an explanation from policymakers for why Scotland has not just failed in meeting the ambitious target, but failed by orders of magnitude.   While the Scottish Government may argue it has been hampered by devolution, the CCC has highlighted that it lacks a credible overall plan to meet the emissions target, and that the existing policies in all areas with devolved responsibility are insufficient to meet the headline target.   While the Scottish Government has shown ambition on the decarbonization of heat and buildings, if it wants to restore its wider credibility on climate action, it will be vital for the devolved administration to heed the recommendations of the CCC and create an overarching plan for cutting emissions along with detailed sector strategies.”   Notes to Editors: To speak to Jack Green-Morgan, or any other Dods Political Intelligence expert, please contact [email protected] #climatechange #ukpolitics #scotland #netzero

"Reducing emissions and economic growth are compatible" as reveals latest climate action progress report by the European Commission ahead of #COP29 from 11-22 November. Report shows the highest annual decrease in the EU greenhouse emissions at 8.3% in 2023 vs 2022, while having EU Gross Domestic Product (GDP) growth by 68%. Generated revenues of €43.6 billion in 2023 for climate action #investments by the EU Emissions Trading System are reported. This, while showing the largest drop in such industries as power and industrial installations, electricity production and heating driven by the growth of renewable energy sources (wind and solar energy), overall buildings, agriculture, domestic transport, small industry and waste emissions. While #aviation emissions had a post-covid growth. https://lnkd.in/gZwMavTN #sustainability #eu #climatereport

"It is long past time that government officials be required to show proof of concept for their climate policies and regulations, rather than simply rolling the dice on a clean energy transition and hoping that technology catches up in time...." "... U.S. lawmakers and regulators should now hit the pause button and allow Europe to show the world what the low-carbon future looks like. Based on Europe’s progress to date, decarbonization is a path not forward, but downward." 📰 Read the latest from our Senior Fellow Paul H. Tice in The Hill: #energy #climate #netzero https://lnkd.in/dvtwE7Py

The European Commission’s 2024 Climate Action Progress Report highlights an 8.3% reduction in EU greenhouse gas emissions in 2023, marking the largest annual drop in decades🌏🌿. Key factors include renewable energy growth, which cut emissions from power and heating by 24%, and the EU’s Emissions Trading System, which raised €43.6 billion for climate investments. Carbon absorption increased by 8.5%, reversing previous declines. However, aviation emissions rose by 9.5%. The EU aims to continue this trend toward its 2030 and 2050 climate goals📈. For more details, read https://lnkd.in/eCg3r_qs #EUGreenDeal #ClimateAction #RenewableEnergy #SustainableFuture #ClimateInnovation #emissionreduction #CarbonReduction #EUClimateGoals

The European Commission has proposed an ambitious new climate target for the EU to cut greenhouse gas emissions by 90% by 2040, compared to 1990 levels. This move is part of an effort to align with the 2015 Paris Agreement and address the urgent climate crisis, especially in light of 2023 being recorded as the warmest year on record. The proposal, set to be formalized post-European Parliament elections, also addresses the need for significant transitions in energy, transport, and various industrial sectors, amidst growing political and social debate. For more detailed insights, you can read the full article.

"There is no nation on earth better placed than Australia to achieve the energy transition here at home and power it in the world." - Anthony Albanese A suite of new climate legislation was introduced to the Australian Parliament yesterday. the bills cover a range of key policy initiatives designed to help accelerate the energy transition and ensure that Australia continues to progress towards its legislated emission reduction targets. The legislation includes the long awaited mandatory climate disclosure requirements, but also establishes a new independent authority to help coordinate net zero efforts across government and key stakeholders. 🎓 Want to learn more? Check out Sumday's latest blog for the details and key takeaways on each of the bills: https://lnkd.in/gBKC82RM

How will Europe remove millions of tonnes of carbon dioxide from the atmosphere to keep on track for its climate commitments?   That’s a key question facing the next European Commission and Parliament. The Green Claims Directive, currently being discussed by the EU institutions, has an important role to play here. Take a look at my latest article.

🌊The ocean is full of climate solutions, but investing in carbon capture and sequestration (CCS) in connection with enhanced oil recovery is *not* how we will tackle the climate crisis. A new Oil Change International report shows that’s just what’s happening. Consider this: 🚩An IPCC 2022 report ranked CCS among the costliest and least effective options for reducing emissions. 🚩Capturing and storing CO2 from air is 50 times more expensive than planting trees per ton of CO2 taken up. 🚩CCS funding often ends up subsidizing more fossil fuel extraction. The Congressional Budget Office noted that 13 of the 15 existing CCS projects in the US are used to assist in extracting more oil, a trend that is likely to continue. 🚩The buildout of CCS infrastructure presents serious health, safety, and environmental risks, particularly to communities that are already overburdened by industrial hazards. 🚩Over 70% of carbon capture projects worldwide are used for a process known as “Enhanced Oil Recovery”–essentially using the pressure of injected CO2 to increase oil yield of existing wells. US leaders must recognize that offshore CCS can be costly, risky, and potentially deadly to communities that are already burdened by the environmental and health impacts of fossil fuel infrastructure. Federal climate investments must be directed towards rapid decarbonization and should not be used to increase fossil fuel extraction or increase risk and environmental burden to frontline communities. #OceanClimateAction https://lnkd.in/e2RcUPGf