Our most recent achievement in climate action: a 54% reduction in our own carbon emissions last year vs 2020! Together, we can make a difference in mitigating climate change. Our plant in Ortona, Italy is leading the way with on-site 🌞 solar panels producing a large part of its electricity need. https://lnkd.in/ehNb6V3i#ClimateAction#Sustainability#Integrity#Everyone
On this Earth Day, let us acknowledge the urgency of our climate crisis. Our carbon budget, a finite allowance of greenhouse gas emissions that we can release into the atmosphere, is rapidly depleting. This is not a distant threat, it is an immediate concern that requires our collective attention and action.
#EarthDay#CarbonBudget#ClimateChange#SaveOurPlanet
#EarthDay is a reminder that we need to protect our planet. We need to reduce our carbon emissions, invest in renewable energy, and make other changes to address climate change. If we do not take action, the consequences will be devastating. We will see more extreme weather events, rising sea levels, and other impacts that will threaten our way of life.
#CarbonBudget#ClimateChange#SaveOurPlanet#OneEarth#CarbonEmission
Taking action this #InternationalClimateActionDay! 🌍 Solar power is one of the most impactful ways to fight climate change. Ready to do your part? Learn how solar can significantly reduce greenhouse gas emissions! 💚 #ClimateAction#GoGreen
#EarthDay is a reminder that we need to protect our planet. We need to reduce our carbon emissions, invest in renewable energy, and make other changes to address climate change. If we do not take action, the consequences will be devastating. We will see more extreme weather events, rising sea levels, and other impacts that will threaten our way of life.
#CarbonBudget#ClimateChange#SaveOurPlanet#OneEarth#CarbonEmission
In Iceland, like Professor Otto in “A Journey to the Centre of the Earth” by Jules Verne, Climeworks has developed a plant (Orca) that currently retires from environment 4,000 tons of CO2 per year, what is equivalent to emissions of 900 gasoline cars, and put them under the ground. This plant is unique in the world in terms of its functionality and helps to clean the disaster that we have originated since the Industrial Revolution. The objective of the humanity is to reduce the global warming, and get the #NetZero, I think that this kind of initiative helps us to get that goal, because makes it less complicated for the companies compensate CO2 emissions, while they continue reducing emissions of energy consume.
However, remember that the world emissions were 37 billion of CO2 tons in 2023, it makes insufficient the 4,000 tons that retire the plant of Climeworks, for that this company is in the process to develop its second plant (Mammoth) with a capacity of 10 times more than Orca, other excellent initiative, that should be replicated in the corporative and business world, to get our environmental goal as a humanity.
#ESG#Sustainability
Fantastic to join the Climeworks team in Iceland at the inauguration of Mammoth, their new Direct Air Capture (DAC) facility. Powered by geothermal energy (provided by On Power), it’ll be capable of capturing 36,000 tonnes of CO2, all of which is permanently stored underground by Carbfix.
It’s the largest commercial scale DAC in operation globally, and is a major milestone on their journey to be capable of removing a million tonnes of CO2 megaton by 2030 and, with an ambition to remove a billion tonnes of CO2 by 2050!
Big congratulations to Climeworks. Is a huge achievement and an impressive facility.
So why is this important?
With trust in carbon offsetting and carbon avoidance credits (and the so-called gold-standard verification processes) in absolute tatters, the carbon credit market must re-establish credibility, and fast. DAC provides a route to proven and accountable carbon credits - one tonne of carbon captured and permanently stored can be measured and accounted for in a trusted way - something that has proved to be impossible for carbon avoidance projects.
Any company with a net zero target is going to have to invest in carbon credits at some stage in their journey - as a way to compensate for any GHG emissions which remain after deep decarbonisation, which must be the primary objective. DAC provides an important and credible route for companies to do just that - to invest in trusted carbon removal credits as part of the long term journey to net zero. But the key here is availability and price! We are going to need a huge scale up of DAC technology to support corporate net zero claims and critically to remove CO2 from the atmosphere at the scale required.
At Coca-Cola Europacific Partners we’ve been follow the development of DAC technology closely. Through CCEP Ventures we’ve invested in DAC through our recently announced partnerships with ZeoDAC Inc. and Airhive. Later this year we’re hoping to have Airhive’s DAC technology fully operational at one of our facilities, capturing 1,000 tonnes of CO2 each year - which we can use to put carbonation in our drinks.
And through various academic research partnerships we’re exploring how it might be possible to turn captured CO2 into HDPE or sugar!
And let’s also keep a close eye on future SBTi guidance on this. Until recently, SBTi rules were clear - companies cannot invest in carbon credits as a way to reduce their own emissions, with tight rules in place to allow the use of carbon credits only as a way to compensate for any remaining emissions (post decarbonisation) and only to a max of 10%. They’ve suggested recently they might change the rules. Let’s wait and see. Any rule change that would support corporate investment in proven carbon removal technologies would definitely make sense. But loosening the rules to encourage a greater use of carbon credits in general, especially if it deflects attention from real carbon reductions, must be avoided.
#carbonremoval#climateaction
Cities leading the fight Against Climate change 2 #ClimateChange#Sustainability#GreenCities
Welcome to Part 2 of our series on cities leading the fight against climate change. In this episode, we continue to explore the innovative actions and bold commitments made by urban centers across the globe. From cutting-edge renewable energy projects to groundbreaking policies on sustainability, these cities are setting an example for the rest of the world. Join us as we highlight their achievements and learn how they are making a significant impact in the battle against climate change.
https://lnkd.in/gvn_RCWZ
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3moKeep growing!