Banks Have Committed to Net Zero but Aren’t on Track to Reach It
Banks have made headlines in recent years for pledging to help tackle the climate crisis. While they don’t emit many greenhouse gases on their own, banks do finance industries that are rapidly warming the planet — from investing in coal-fired power plants to financing businesses that drive deforestation. That means they can play an essential role in halting climate change by withholding finance from high-emitters and directing more money to green solutions.
The problem is that many banks aren’t living up to their climate pledges. WRI experts analyzed 25 banks’ net-zero commitments and found that, not only are they not aligned with global climate goals, but banks aren’t even on track to meet their targets. Read more .
Lessons from China’s Growing Shift Toward Zero-emission Trucks
Transitioning the global trucking industry from polluting, diesel-burning trucks to clean zero-emission vehicles will be a challenging feat. Electric trucks are expensive to buy and operate, heavy batteries mean they can’t carry as much cargo, and charging infrastructure along long-haul routes is still scarce. But one province in China that leads the country in zero-emissions truck adoption is showing how it can be done. Read more .
The State of Clean Energy in the US
During the first half of 2024, electricity demand in the U.S. saw its biggest year-over-year increase in decades , not least due to record heat driving up air conditioning use and new data centers devouring energy. The good news is that most new power plants now use renewable energy, chiefly solar. But fossil-fuel plants are still being built. And the U.S. faces significant hurdles transitioning the rest of its grid to clean energy. Read more .
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AC becomes: Save climate. GHG reduction. Saving energy. Cost electrical energy reduction. No TFA and no PFAS.
2 个月The net zero concept still requires detailed explanation in the field related to the bank building itself. This is my comment. Getting to know more about embodied carbon and operational carbon and its relationship to the net zero program of a building with various forms and varying energy usage. Carbon material is the cause of the increase in global temperature. With an estimated amount of almost 70%, and the remaining 30% is produced from greenhouse gas material equivalent to CO2 gas.