ESG Insider: SBTi launches framework for decarbonization in buildings sector
S&P Global Sustainable1
Your Single Source of Essential Sustainability Intelligence
The Science Based Targets initiative (SBTi) on Aug. 28 launched a decarbonization framework designed to help the buildings and construction sector set emissions reduction targets and meet net-zero.
The SBTi is a corporate climate action organization that develops decarbonization frameworks in line with climate science and works to verify the soundness of corporate climate strategies.
The new framework sets emissions reduction targets aligned with limiting global warming to 1.5 degrees C for the buildings industry, which the SBTI says is responsible for more than a quarter of energy-related emissions. The 2015 Paris Agreement on climate change aims to limit the world's long-term temperature increase to no more than 1.5 degrees C above preindustrial levels.
In this week’s newsletter, we explore the outlook for offshore wind in China, how the datacenter industry in Europe is facing questions about sustainability as AI drives its energy use higher and Chile’s role in supplying rare minerals for the global energy transition. Our monthly regulatory tracker examines the latest developments in sustainability-related regulation.
In our weekly ESG Insider podcast, we hear about the latest trends in how the sustainability profession is evolving — and particularly how demand for ESG controllers is growing as sustainability regulation ramps up.?
Chart of the Week
?
Sustainability Insights: Power Sector Update: China Will Keep Its Lead In Global Offshore Wind Additions? ?
China, with favorable funding, geography, demand, and improving technology, is primed to maintain a lead in bringing offshore wind capacity online, S&P Global Ratings writes.
?
Sustainability questions could put guardrails on Europe's datacenter boom?
Europe’s datacenter boom amid the rollout of AI is raising questions about the technology’s impact on grids, electricity prices and society at large, and power-hungry data centers could burden consumers with higher prices until the supply of clean energy can catch up, S&P Global Market Intelligence reports.?
??
ESG Regulatory Tracker – July 2024
In the monthly regulatory update from S&P Global Sustainable1, we look at South Africa’s climate change law, the UK’s plans to establish a state-backed energy company to invest in renewable energy projects and proposals in the US to protect workers during episodes of extreme heat, among other topics.?
?
Chile burnishes green credentials as copper, lithium demand booms?
With the world's largest reserves of both copper and lithium, Chile sees itself playing a critical role in the global energy transition, attracting massive investment in mineral extraction and processing over the coming decades, S&P Global Commodity Insights writes.?
?
Podcast
?
领英推荐
ESG Insider Podcast
The rise of the ESG controller in the sustainability talent landscape In this episode of the ESG Insider podcast, we speak to Ellen Weinreb, founder of Weinreb Group, a boutique recruiting firm focused on ESG and sustainability candidates. Ellen points to a rising focus on compliance, data governance and regulation, which she says is leading to an increase in ESG controller roles.? >>Listen on Spotify ,?Apple Podcasts ?or YouTube Music
??
Upcoming Events?
BizClick, Sept. 10-11, London, UK
PEI Group, Sept. 11-12, Toronto, Canada
Climate Group, Sept. 22-29, New York, US
World Economic Forum, Sept. 23-27, New York, US
S&P Global Commodity Insights, Sept. 30-Oct 4, Copenhangen, Denmark
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.
?