decarbonization Archives - Net Zero News Hub

The spectrum of the agreement proposes to catch up with the decarbonisation of the industry to reach profitable operation at scale. Photo by Chris Leipelt on Unsplash.

World Energy signs a long-term agreement with Microsoft to accelerate the decarbonization of aviation sector

Neel TOctober 11, 2023April 27, 202405 mins

World Energy announced a long-term agreement with Microsoft to increase the decarbonization in corporate air travel and supply chain cargo through the purchase of sustainable aviation fuel certificates. The World Energy is a sustainable aviation fuel (SAF) producer and low-carbon solutions provider. Agreement displays World Energy’s efforts to combine all sectors to participate in the…

Magna submits the net-zero emissions targets for validation by the Science Based Targets initiative (SBTi). Photo by Martin Adams on Unsplash.

Magna submits net-zero targets to Science Based Targets Initiative (SBTi)

Neel TSeptember 7, 2023April 27, 202404 mins

Magna submits the net-zero emissions targets for validation by the Science Based Targets Initiative (SBTi). It is the commonly accepted decarbonization target as per the Paris Climate Agreement.Magna plans to achieve its near-term Scope 1, 2 and 3 targets by 2030. Also, it targets to fulfill net-zero emissions by 2050. Swamy Kotagiri, Magna CEO, said,“Magna…