The agreement, to be announced at the virtual Davos World Economic Forum on Wednesday, includes giants like miner Arcelor Mittal, shipper Maersk, and oil behemoth Shell. It is intended to complement rising international ambition to make the aggressive emissions cuts scientists say are necessary to avoid the worst effects of climate change.
The deal, dubbed the Mission Possible Partnership, commits those companies to work with competitors, investors, suppliers and buyers to devise “climate action agreements” by 2024 to achieve net zero emissions by 2050. For example, airplane manufacturer Airbus, airlines like KLM , airports such as Heathrow and fuel providers like Shell will cooperate to map out a net zero plan for the entire sector and speed the transition to sustainable aviation fuels such as biofuels, for one example.
We Mean Business is co-organizing the partnership with the Energy Transitions Commission, Rocky Mountain Institute and the World Economic Forum. The organizers say they hope the partnership will create momentum for the next round of international climate talks in Glasgow in November.
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Source: Reuters - 🏆 2. / 97 Read more »