ESG Insider: China’s plan to standardize carbon emission calculations
S&P Global Sustainable1
Your Single Source of Essential Sustainability Intelligence
China published a plan on Aug. 8 to standardize carbon emission calculations for key sectors and companies to help it meet its carbon reduction targets.
Under the plan, the country will issue 70 national standards on carbon accounting, footprint, reduction, capture, utilization and storage by the end of 2024 for sectors such as new energy vehicles, photovoltaic products and lithium batteries, as well as electronics, plastics and construction materials. The plan was issued by the National Development and Reform Commission, the State Administration for Market Regulation and the Ministry of Emergency Management.
China is aiming to hit peak carbon emissions by 2030 and achieve carbon neutrality by 2060.
In this week’s newsletter, we explore the latest developments in sustainability policy around the world in our monthly ESG regulatory tracker. We feature a new report from S&P Global Ratings on how evolving political priorities could affect the energy transition. We also look at how the transformation of India’s energy sector could provide a blueprint for other emerging economies, and how Germany’s steel sector plans to use hydrogen to reduce emissions.
In our weekly ESG Insider podcast, we explore how to close the global digital divide to address inequalities.
?
Five trends in India's energy transition in 2024? ?
India is likely to see one of the biggest transformations in the world when it comes to energy transition, as it seeks to balance energy security, affordability and sustainability. Its strategy is seen as a test case and a blueprint for other emerging economies, according to S&P Global Commodity Insights.? ?
Sustainability Insights: Evolving Political Priorities Could Affect Energy Transition?
Many countries are gradually shifting their energy transition priorities amid rising geopolitical tensions and concerns about the cost of living, factors that could alter the balance of the energy trilemmas of energy security, affordability, and sustainability priorities, according to a report by S&P Global Ratings.??
?
German steel plants line up green hydrogen, electricity to decarbonize
In Germany, low-carbon steel plants are poised to tap into a national hydrogen pipeline system, displacing coal and gas feedstocks and cutting emissions, S&P Global Commodity Insights writes.?
?
ESG Regulatory Tracker — June 2024?
In the latest update on sustainability-related regulation from S&P Global Sustainable1, we look at Denmark’s plans for a carbon tax on livestock, Australia’s sustainable finance roadmap and Canada’s amendments to its Competition Act to curtail greenwashing, among other developments.?
??
Podcast
领英推荐
???
ESG Insider Podcast
How tech giant HP is working to close the digital divide Even as the world grows more dependent on digital technologies, billions of people still lack access to the internet, exacerbating existing inequalities. In this episode of the ESG Insider podcast, we explore how to close the global digital divide in an interview with Michele Malejki, Global Head of Social Impact at computer and information technology company HP.? >>Listen on Spotify ,?Apple Podcasts ?or YouTube Music
?
Upcoming Events
??
S&P Global Sustainable1, Aug. 21, Online
PEI Group, Sept. 11-12, Toronto, Canada
Climate Group, Sept. 22-29, New York, US
World Economic Forum, Sept. 23-27, New York, US
Reuters Events, Sept. 30-Oct. 1, London, UK
United Nations Environment Programme, Oct. 21-Nov. 1, Cali, Colombia
PEI Group, Oct. 29-30, Singapore
This piece was published by S&P Global Sustainable1 and not by S&P Global Ratings, which is a separately managed division of S&P Global.
This material is also available on our public website, https://www.spglobal.com/esg/ .
?