Welcome to Faradai's Sustainability & Energy Newsletter!
As we say goodbye to 2022, we wanted to share with you the good news that has been spread throughout the year.
Merry Christmas and a Happy New Year from Faradai!?
Here are our top pick news for sustainability this year:
European Union can reach its net-zero GHG emissions between 2040 and 2045
If the EU follows one of its goals about its net-zero goal for 2050, the goals will be reached between 2040-2045, according to a report by Grant, Wilson, Majid et al. ?
New Agreement on Loss and Damage Fund Emerges from COP27
Following lengthy negotiations at the UN Climate Change Conference in Egypt, an agreement on a loss and damage fund to compensate developing countries for climate change-related disasters was reached.?
Aviation Organisations Agreed on the Net-Zero Goal
International Civil Organisation (ICAO) agreed on a net-zero aviation goal by 2050 at a meeting in Montreal, Canada. As ICAO consists of 193 countries and the airline industry contributes to 2.5% of the global carbon emissions, this becomes a huge step for the world. ?
Oslo to Become the World’s First City with Full Electric Public Transit System
Oslo’s current buses will be replaced with electric buses as a part of a $47 million deal. This news is expected to see Oslo become an emissions-free city in the future.
Denmark’s New 'Energy’ Island
Denmark will increase its planned offshore wind capacity from 2 GW to 3 GW at Bornholm Energy Island while also signing an agreement with Germany. Denmark has been one of the pioneer countries for renewable energy generation while Germany has been struggling with an energy crisis due to the tensions in Eastern Europe. ?
Details: https://www.offshorewind.biz/202/08/29/denmark-and-germany-to-build-bornholm-energy-island-together/ ?
World Energy Employment Surpasses the Pre-Covid Data
According to International Energy Agency (IEA), global employment in the energy sector rises as clean energy sectors, and energy technologies have been developing. By 2022, more than 65 million people will be employed in the energy sector worldwide. ?
New and More Sustainable Fuel in Formula 1
Formula 1 will introduce and use a new synthetic sustainable fuel starting in 2026. This is also a huge step for their net-zero goal by 2030. Some other steps include transitioning to 100% energy in their offices and carbon-neutral broadcast productions at Silverstone in 2021 and 2022. This may change the sport, as we will see in the future, but it comes with an advantage for the environment. F1 had nearly 45 Million TV viewers worldwide; these steps can affect viewers from different upbringings and age groups. ?
Details: https://www.bbc.com/sport/formula1/61942876 ?
EU To Strict GHG Rules ?
European Parliament and negotiators agreed that greenhouse gas emissions must decrease by 55% by 2030. Under the new proposed legislation, European Union members increased their targets.?
France to Ban Short-Haul Flights
EU approved France’s decision to cancel short-haul flights but only for three routes. Flights with alternatives, as short as two and half hour rides by train, will be cancelled. This will help decrease the country’s carbon emissions. ?
Details: https://www.politico.eu/article/eu-greenlights-frances-short-haul-ban-but-only-on-3-routes/ ?
UN Releases New Early Warning System
United Nations announced an action plan that would deliver early warning systems. With this system, thousands of lives can be saved through early actions.
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