The Paris Agreement set a goal to keep global warming to 1.5°C this century
Only 10pc of energy companies aligned with Paris Agreement – TPI
Majority of firms’ emissions reduction plans are insufficient to keep warming below 1.5°C
Most of the 140 largest energy companies around the world are still taking insufficient action to reduce emissions in line with goals set by the Paris Agreement, according to recent analysis by investor coalition the Transition Pathway Initiative (TPI). The Paris Agreement aims to keep global warming to within 1.5°C this century, but only 14 companies have set emissions reduction targets aligned with that goal. The majority of these firms are electrical utilities, including the US’ Eversource Energy, Con Edison, CMS Energy, AES and PSEG; Germany’s Eon, EnBW and RWE; Spain’s EDP; and Denmark’s Orsted. “The transition is underway within the energy sector and some companies, as shown by this la
Also in this section
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
Recent project approvals have yielded millions of carbon credits linked to the plugging of the US' abandoned wells
