Tag: Carbon neutrality

International Business and TradePolicy

Global Shipping Climate Accord Stalled Amid US Opposition Tactics

A landmark climate agreement for the global shipping industry has been postponed following contentious negotiations at the International Maritime Organization. The delay comes after the US and allied nations applied pressure to block the proposed carbon levy, drawing criticism from climate-vulnerable countries and industry representatives.

Shipping Emissions Agreement Derailed

A United Nations-backed climate framework for the global shipping industry has been effectively stalled after a controversial vote to delay adoption for one year, according to reports from the International Maritime Organization meetings in London. The Net Zero Framework, which had been provisionally agreed upon by a majority of countries in April, would have established a legally-binding carbon price on shipping emissions starting in 2030.

by Jessica Moore P.E.
EnergySustainability

Virgin Media O2 Signs Major Onshore Wind Power Deal with TRIG for UK Operations

Virgin Media O2 has secured a decade-long corporate power purchase agreement with The Renewables Infrastructure Group for wind energy from two UK facilities. The deal reportedly covers 15% of the telecom giant’s total energy needs and supports its accelerated net zero timeline.

Major Renewable Energy Partnership Announced

Telecommunications provider Virgin Media O2 has entered into a significant corporate Power Purchase Agreement (PPA) with The Renewables Infrastructure Group (TRIG) for power generated from two onshore wind farms in the United Kingdom, according to reports. The ten-year agreement, set to commence in April 2026, is expected to supply approximately 15 percent of the company’s total energy requirements.

by Michael Turner
Climate ControlSustainability

Cambridge Researchers Develop Framework for Long-Term Carbon Removal Portfolio Management

Researchers have created a new risk management approach for carbon removal portfolios that could help stabilize global temperatures over centuries. The study shows nature-based solutions like tree planting can play significant roles when balanced with technological approaches and proper buffers.

New Framework for Carbon Removal Portfolio Management

Researchers from Cambridge University have developed a groundbreaking method to assess whether carbon removal portfolios can effectively limit global warming over centuries, according to reports published in the journal Joule. The approach distinguishes between buying credits to offset risk versus claiming net-negative emissions and provides portfolio managers with tools to evaluate long-term climate stabilization potential.

by Michael Turner