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Energy Transitions Commission says countries can triple climate ambition by COP30
If governments reflect today’s rapid technological progress and existing national, industry and COP28 commitments when setting new climate targets
LONDON, June 10, 2024 /PRNewswire/ — In its latest briefing, Credible Contributions: Bolder Plans for Higher Climate Ambition in the Next Round of NDCs, the ETC calls for industry and government collaboration to raise the ambition of the next round of Nationally Determined Contributions (NDCs) by COP30. If we are to limit the impact of climate change, NDCs can and must reflect technical potential and reinforce existing progress by setting more ambitious targets with stronger links to national policies. By setting a clear direction of travel and reducing uncertainty, the next round of NDCs can further accelerate the deployment of clean energy technologies.
Since the Paris Agreement was signed at COP21, countries are required to submit and ratchet up national climate pledges every five years. The next submission is due next year. These NDCs, as they are known, serve as high-level roadmaps for national climate action by establishing targets for emissions reductions over 10-year periods. Success in the low-carbon transition to date has been driven by industry’s response to government targets – accelerating deployment and driving down costs. Industry recognises the opportunity in the next round of NDCs and calls on governments to prioritise delivering high-ambition NDCs which will provide certainty, unlock investment and accelerate technology deployment.
Third round of NDCs due in 2025
Global greenhouse gas emissions are currently at an all-time high (~59 GtCO2e)[1] and continue to rise. If fully achieved, current NDC targets set in 2020 are only expected to deliver ~6 GtCO2e of emissions savings per year by 2035. This figure is far from the ~23-30 GtCO2e reduction required by 2035 for a 1.5°C-aligned pathway.
According to the ETC, if governments reflect existing policy commitments made at COP28 and at national level, and the latest technological progress in the next round of NDCs, overall ambition levels could almost triple. This would achieve ~18 GtCO2e of mitigation per year in 2035 and put the world on a trajectory to limit warming to 2°C.
Rapid progress is being made. Many core technologies of the energy transition have already reached tipping points for self-reinforcing growth and strong national policies support the acceleration of manufacturing and deployment around the world. For example, new wind and solar installations now meet over 90% of global power demand growth. Electric vehicles now make up 18% of global passenger vehicle sales and as much as 20% and 40% of sales in Europe and China respectively. Technologies and policies required to decarbonise heavy industry and long-distance transport are reaching commercial readiness.
Further, at COP28, nearly 200 countries committed to triple renewable energy capacity, double the pace of energy efficiency improvement by 2030 and transition away from fossil fuels in the energy system.
“Industry has rapidly scaled up manufacturing and deployment of clean energy technologies with existing policy support and commitments. Higher ambition in the next round of NDCs at COP30 has the potential to reinforce and accelerate this positive feedback loop. Collaboration between industry and government to commit measurable, deliverable, and investable plans is key to driving action.” Adair Turner, Chair of the Energy Transitions Commission.
Existing commitments and embedded progress provide headroom for major strengthening of NDCs but going beyond 2°C to align NDCs to a 1.5°C pathway will require further action still. Faster progress will be required in halting deforestation, phasing out coal from the power system and accelerating project delivery in hard-to-abate industry and transport.
“The next round of national climate plans – NDCs 3.0 – are due from early next year and will be among some of the most important policy documents produced so far this century. Each country’s NDC is for it to decide – they are after all nationally determined, so it’s not one-size-fits-all. As the Energy Transitions Commission report underscores, these new plans can serve as powerful blueprints, to propel countries’ economies and societies forward.” Simon Stiell, Executive Secretary of the United Nations Framework Convention on Climate Change (UNFCCC).
“NDCs 3.0” must help to translate ambition into action
Higher ambition from government and industry is needed to stimulate accelerated deployment of clean energy technologies, but ambition alone will not deliver progress. The ETC recommends that “NDCs 3.0” define:
- clear and detailed roadmaps for implementation of accelerated climate action backed by strong government policy (e.g., quantitative targets for GW of renewables, phase-out dates for bans on the sale of gasoline or diesel engine vehicles).
- measurable, comprehensive (covering all sectors and GHGs) and granular targets for emissions reductions.
- investable plans, especially for emerging markets, clearly stating the investment and international climate finance required to deliver stated targets.
“We welcome the ETC’s recommendations for NDCs 3.0 and urge governments to engage with the private sector to inform the development of policy roadmaps and investment plans within their NDCs. If we are to deliver on the next round of NDCs, CEOs and Ministers will need to embrace new forms of public-private problem-solving to advance sectoral transformations.” Peter Bakker, President & CEO of WBCSD.
Priorities will differ by country but the ETC’s briefing highlights that for all countries, whatever their level of ambition, implementation and financing, a step change in ambition is possible in the next round of NDCs. Backing NDCs with detailed transition plans can unlock the investment and industry action required to achieve these aims.
“Tripling ambition in the next round of NDCs is feasible if governments reflect the rapid technological progress made in the energy transition to date and existing commitments they have made. This would put us much closer to the Paris Agreement target. But to limit global temperature rises to just 1.5°C, ambition must be set even higher. It would require an immediate halt to deforestation, rapid coal phase out globally and accelerated progress in heavy industry and transport.” Ita Kettleborough, Director of the Energy Transitions Commission.
Credible Contributions: Bolder Plans for Higher Climate Ambition in the Next Round of NDCs has been developed in collaboration with ETC members from across industry, financial institutions, and environmental advocacy. The ETC is a global coalition of leaders from across the energy landscape committed to achieving net-zero emissions by mid-century whose members include Arup, bp, HSBC, Iberdrola, National Grid, Octopus Energy, Petronas, Shell, SSE, Rabobank, Vattenfall, We Mean Business, and World Resources Institute.
Download the report: https://www.energy-transitions.org/publications/credible-contributions-bolder-plans-for-ndcs/
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Notes to editors
This briefing builds upon previous ETC work on COP-related analysis, including Keeping 1.5 Alive (2021) and Degree of Urgency (2022).
This report was developed in extensive consultation with ETC Members and constitutes a collective view of the Energy Transitions Commission. However, it should not be taken as members agreeing with every finding or recommendation.
For further information on the ETC please visit: https://www.energy-transitions.org
[1] Assuming 28 tonnes of CO2e per tonne of methane.
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NEW YORK, June 26, 2024 /PRNewswire/ — Phaidon International, the professional services firm specializing in securing business-critical talent, is pleased to announce the appointment of Mark Norton as the new Chief People Officer (CPO). This strategic hire reflects Phaidon International’s commitment to accelerating global growth and delivering outstanding results for clients worldwide.
Mark brings a wealth of knowledge and a proven track record in people strategy. With over 20 years of experience, he has held key leadership roles at Campari Group and Broadcom where he played a critical role in driving results through strategic talent initiatives, modernizing the operating model for commercial success.
“We’re thrilled to have Mark Norton join our executive team,” said Harry Youtan, CEO of Phaidon International.
“Mark’s expertise will support our continuing goals to expand our global reach and deliver exceptional results for our clients. Mark’s leadership perfectly aligns with our mission to empower businesses and individuals to achieve their full potential.”
As Chief People Officer, Mark will unite Talent, Human Resources and Training functions under one single roof, to build and execute a strategy aligned to a high-performance growth organization. His leadership will be instrumental in accelerating the business as Phaidon International looks to continue its ambitious growth plans.
“I am excited to join Phaidon International and contribute to its vision,” said Mark.
“I look forward to working with the team to develop forward-thinking people strategies that not only attract and retain top talent but also drive the company’s success in the marketplace.”
This appointment comes at a pivotal time for Phaidon International as it continues to expand its services and solutions to meet the evolving needs of businesses in today’s competitive landscape, strengthening its position as a trusted talent partner and driving growth for clients and professionals globally.
For more information about Phaidon International and its services, please visit phaidoninternational.com.
About Phaidon International
Phaidon International identifies, sources, and delivers business-critical talent to the most innovative industries in the world. Delivering its capabilities through a deliberately curated group of 6 brands, each one specializes in the following industries, where a relentless supply-demand imbalance exists:
Selby Jennings – Financial Sciences & Services
LVI Associates – Energy & Infrastructure
DSJ Global – Supply Chain
EPM Scientific – Life Sciences
Glocomms – Technology
Larson Maddox – Regulatory & Legal
Today, Phaidon International is proud to deliver excellence to clients in over 60 countries, winning over 50 independent awards along the way. Phaidon International is backed by Further Global.
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Latest News
DAR GLOBAL SETS A NEW BENCHMARK IN LUXURY HOSPITALITY WITH LAUNCH OF THE $500 MILLION TRUMP INTERNATIONAL OMAN IN AIDA
DUBAI, UAE, June 26, 2024 /PRNewswire/ — Dar Global, the luxury international real estate developer, introduces Trump International Oman at its expansive AIDA project, one of the world’s largest premium mixed-use real estate developments.
Valued at $500 million, this development includes a luxury hotel, hanging suites, furnished villas, and apartments serviced by the hotel. It features a 18-hole Championship golf course, a members-only club, and the Cliff Hanging Night Club. Opening in December 2028, the 140-key, 5-star hotel complex is beachfront, offering guests complimentary private beach access.
AIDA is a joint venture between Dar Global and the Trump Organization, in partnership with Omran Group, Oman’s executive arm for tourism development. Situated atop a hill over 100 meters high, AIDA boasts panoramic views of rocky canyons and endless beaches.
Ziad El Chaar, CEO, Dar Global, said: “The launch of Trump International Oman in AIDA, signifies a significant leap in our endeavor to build an unmatched hospitality portfolio in the world’s most coveted destinations. Reflecting Dar Global and Trump Organization’s commitment to excellence, this landmark establishment not only sets new standards in international hospitality but also advances Oman’s tourism vision, drawing in a broader audience while stimulating domestic tourism.”
Eric Trump, EVP, The Trump Organization, said: “In collaboration with Dar Global, we proudly introduce Trump International Oman in AIDA, ushering in a new era of style, service, and exclusivity with the renowned Trump standard. This partnership reflects our shared dedication to crafting iconic luxury experiences for discerning travelers and investors, enhancing Oman’s prominence as a premier global destination.”
Unique to Trump International in Oman are picturesque hanging suites with private pools and ensuite bathrooms offering sweeping views. Complementing the golfing lifestyle are a training academy and a members-only club with exclusive amenities for networking and social events. The Cliff Hanging Night Club, a first in the ME, offers an unrivalled setting for bespoke events and celebrations. Other amenities include diverse dining options, banqueting and meeting facilities, and an expansive SPA.
Disclaimer: Trump International Oman is not owned, developed or sold by The Trump Organization or any of their current or former principals or affiliates. Dar Al Arkan Property Development SPC, the owner and developer of the property, uses the “Trump” name and mark under license, which license may be terminated or revoked according to its terms.
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USA News Group Commentary
Issued on behalf of Bee Vectoring Technologies International Inc.
VANCOUVER, BC, June 26, 2024 /PRNewswire/ — USA News Group – Citizens of Portland were covered in smoke this week, after a 4-alarm grease fire destroyed the Shin Shin food factory. This incident followed another fire earlier in June that broke out at the Champlain Beef meat processing plant which is situated between the border of Upstate New York and Vermont, while another chicken factory in Illinois erupted in flames at the beginning of the month. While these two tragedies likely won’t make a dent in the overall food security of the United States, they do present a rising trend of concern towards where our food comes from. At every level, new research is finding ways to keep the food supply chain going, with new research from Carnegie Science showing that adopting new approaches to fertilizers can pave the way for more sustainable, resilient food sources. In the private sector, some of the top agritech companies continue to make major strides in their work to secure the food of the future, including new developments from Bee Vectoring Technologies International Inc. (CSE: BEE) (OTCQB: BEVVF), AGCO Corporation (NYSE: AGCO), Lamb Weston Holdings, Inc. (NYSE: LW), Bunge Global SA (NYSE: BG), and Conagra Brands, Inc. (NYSE: CAG).
One innovation that’s gaining a lot of momentum is the concept of using commercially-reared bees to deliver biological pesticide alternatives directly to crops. It’s a method that some experts say has the potential to transform the $250 billion crop protection and fertilizer industry.
At the forefront of this innovation is Bee Vectoring Technologies International Inc. (BVT) (CSE: BEE) (OTCQB: BEVVF), which focuses on biological agricultural products (“biologicals”) that aim to replace chemical pesticides and fertilizers. Its method of utilizing bees to deliver necessary biologicals has already received approval from the EPA on two occasions, in 2019 and 2021.
According to DataHorizzon Research, the biologicals sector is already experiencing significant growth, with a projected compound annual growth rate (CAGR) of 13.3%, expected to reach a market size of US$45.3 billion by 2032.
The latest win for BVT is its announcement today of a partnership with the newly formed €8 billion (~US$8.56 billion) company Syensqo, a science and innovation pioneer in specialty chemicals and materials. As per the deal, BVT and Synensqo through an R&D agreement will develop BVT’s proprietary biological control agent Clonostachys rosea strain CR-7 (CR-7) into a seed treatment formulation for the multi-billion soybean market.
“Collaborating with Syensqo is a huge extension of our R&D efforts,” said Ashish Malik, CEO of BVT. “Their large team of formulation chemists and microbiologists will enable us to get to market with a strong seed treatment formulation much faster. Fast-tracking BVT into soybean crops through the well-established seed coating market will expand the Company’s addressable market beyond bee vectoring, bringing CR-7 to more growers by tapping into approaches they are already familiar with. BVT’s go-to market strategy is to commercialize this new CR-7 seed treatment product for sale through large agriculture suppliers, partners and distributors.”
The partnership comes after BVT recently achieved significant progress with CR-7, particularly as a seed treatment for soybeans. Recent US trials showed wherever CR-7 was applied, the results outperformed the base seed treatment 81% of the time. This is in addition to previous successful trials in 2021, which also showed CR-7 to be an effective treatment against Sudden Death Syndrome (SDS), a huge challenge for soybean growers.
BVT has expanded its corporate partnerships, leading to international trials and wider use of CR-7. A Michigan State University trial demonstrated CR-7’s effectiveness, reducing early disease infection and fungal diseases by over 90%, matching traditional chemical treatments.
In the past year, BVT has initiated trials in Spain, Mexico, and South Africa, and made its first sale of CR-7 to BioSafe Systems. Encouraged by positive trial results, BVT plans to conduct further trials to confirm CR-7’s effectiveness.
Today is also the launch of the annual Tech Days in North America event from AGCO Corporation (NYSE: AGCO). The event will highlight AGCO’s commitment to farmer-focused solutions for the mixed fleet.
“Managing a farm is complicated, managing the right machine and technology for the job shouldn’t be,” said Eric Hansotia, Chairman, President and CEO of AGCO. “AGCO is unique in offering differentiated equipment brands to serve all farmers’ needs and the only company that can effectively retrofit almost any make or model of equipment with technology that will lead to higher yields with fewer inputs. This is how we have consistently put Farmers First for years.”
Embedded within AGCO’s entire portfolio are precision agriculture and clean technology solutions designed to help farmers sustainably feed the world now and in the future. AGCO Finance, the company’s financing arm, also focuses on future growth by collaborating with dealers globally to offer farmers customized and flexible financing solutions.
Potato processor Lamb Weston Holdings, Inc. (NYSE: LW) recently reached a settlement with Oregon regulators over wastewater violations. However, the potato giant is now also facing a securities lawsuit that claims Lamb Weston hid tech problems that cost millions. However, those challenges aside, Lamb Weston is persevering with new partnerships and innovation, including a newly announced partnership with foodservice company ILG Food Group to better serve the Swedish Mediterranean foodservice market. Lamb Weston and ILG Food Group have been partners for the Dutch and Belgian markets for years, and are now expanding their partnership to Sweden.
For the pet food market, Bunge Global SA (NYSE: BG) recently expanded into pea, faba protein concentrates through a new factory in Latvia, exclusively producing for Bunge and run by Golden Fields. Bunge’s new range of pea and faba protein concentrates offers several enhanced attributes, including 55% to 70% protein content, non-GMO and allergen-free labeling, a light color, and a finely powdered form. News of the agreement for Bunge came shortly after Golden Fields opened the plant-based facility, which cost €16 million (~US$17.1 million) to build.
Bunge highlights the sustainability benefits of its new protein concentrates, produced using crop-rotation practices and dry-fractionation methods that eliminate the need for water or solvents typically used in pulse protein production.
“Our new pea and faba protein concentrates are setting the bar for European-origin pulse proteins to help customers meet growth and sustainability needs across food and feed,” said the company on social media.
Packaged foods giant Conagra Brands, Inc. (NYSE: CAG) recently announced it’s advancing its artificial intelligence (AI) solutions through a human-centered approach that prioritizes responsible use of AI across the entire company. Done through a strategic collaboration with Microsoft and EY to enhance its IT, Supply Chain, R&D, Demand Science, Brand and Design operations.
“As we implement new solutions available to us through collaborations and emerging technologies, we are not only realizing measurable results now, but identifying opportunities for future growth,” said Azeem Kapadia, senior director of AI strategy at Conagra Brands. “These new digital capabilities will benefit our entire team, sharpen our focus and better shape how we operate and innovate throughout Conagra.”
Article Source: https://usanewsgroup.com/2024/05/06/the-buzz-on-eco-farming-how-bees-are-pioneering-the-future-of-crop-protection/
USA News Group
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