Tag: fossil fuel

The construction sector must not be overlooked in the drive towards achieving net zero. While sectors such as industrial manufacturing, mining and fossil fuel power generation tend to grab more headlines, the construction of buildings and infrastructure accounts for approximately 7 Gt CO2e, or 20% of global carbon emissions, where 4 Gt CO2e is associated with the materials used for construction.

The 28th Conference of the Parties (COP28) of the United Nations Framework Convention on Climate Change draws to a close this week. For Africa, discussions at this year’s conference placed the continent as a central player that is playing an active role in actioning efforts and initiatives for a better, more sustainable future.

Ron Stuart | Partner | ESG Lead | KPMG South Africa | mail me | The last two years have seen many countries taking steps...

The aviation sector has pledged, like most, to reach Net Zero by 2050. From the International Air Transport Association (IATA) commitment to ‘Fly Net Zero’ to the declaration from the International Aviation Climate Ambition Coalition at COP 26, the air transport industry is not short of promises to dramatically reduce its carbon footprint.

With oil and gas-producing countries facing tremendous pressure to transition to green energy sources and leave their petroleum assets in the ground, carbon capture, utilisation and storage (CCUS) can act as a lifeline for their energy industries.

Representing 75-80% of a portfolio, the core public equity and debt investments can drive the largest impact on positioning the whole portfolio on a path to meet whole portfolio climate objectives. Decarbonisation on a scale sufficient to reach global emissions-reduction targets will transform each sector of the global economy.

When most people hear the word "gas", they're automatically inclined to think about the type of gas that pumps directly into their fuel tank. But petroleum gas is the most common gasoline fuel we encounter daily, it is only one "type" of gas.

As we continue to strive for a cleaner planet, governments, industries, and organisations around the world are uniting to build a sustainable future. The time is ripe to explore innovations and technologies that can work to reduce carbon emissions and help to facilitate better resource efficiency.

Can switching to renewable energy solve climate change? More than 90% of global greenhouse gas (GHG) emissions are now covered under targets set by countries and corporations, after COP26 last year, and more than 700 of the world’s largest corporations have set Net Zero targets.

The insurance industry is still in its infancy when it comes to most environmental, social and governance (ESG) concerns. While there’s much work to be done, I believe the two are a marriage made to last for insurance to meet its mandate to make a meaningful contribution in people’s lives.