At Davos, Global Corporations Pledge To Buy Green Products Somethingsomething 2030 Something Climate
Just. Fucking. Shut. Up.
WASHINGTON More than 50 corporations have joined a global buyers club that pledges to purchase aluminum, steel and other commodities made from processes that emit little to no carbon, a move that will be announced on Wednesday by leaders at the World Economic Forum in Davos, Switzerland.
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The group includes Ford Motor and the Volvo Group, both of which have pledged that 10 percent of their primary aluminum purchases will be manufactured with little to no carbon emissions by 2030. Aluminium production is responsible for 2 percent of global emissions and the advanced technologies needed to create it without releasing carbon dioxide are not yet commercially available.
Googles parent company, Alphabet, and Microsoft and Salesforce have collectively promised to spend $500 million on technology to capture and store carbon emissions. Three other companies AES, an electric power distribution company headquartered in Virginia; Mitsui O.S.K. Lines, a Japanese transport company; and Swiss Re, a reinsurance company based in Switzerland each committed to removing 50,000 tons of carbon from the atmosphere by 2030. The governments of India, Japan, Sweden, Denmark, Italy, Norway, Singapore and Britain have also joined the coalition.
We are creating a demand for low-carbon products, particularly for nascent clean technologies in steel, aviation, aluminum, cement and chemicals, said Borge Brende, president of the World Economic Forum. Those sectors are responsible for about 30 percent of global emissions, but that figure is expected to rise to about 50 percent of emissions by midcentury. Mr. Brende noted that with climate change already having an impact in countries like India and Pakistan, which have faced record-breaking heat for weeks, the human and economic toll of global warming is mounting.
Yeah, Borge - oh, to have your eagle-eyed vision of the world!!
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https://www.nytimes.com/2022/05/25/climate/corporate-climate-pledges-davos.html