Eastern Europe / bneGREEN

Russian petrochemical giant Sibur strengthens ESG targets

Dimitri Frolowsckii in Moscow December 3, 2021

Sibur, one of the world’s largest petrochemical companies, has set more ambitious ESG targets over the next five years, including in recycling, low-carbon products and energy use.

bneGREEN: Russia's $6.5 trillion decarbonising plan will launch next year

Ben Aris in Berlin December 1, 2021

Russia is revving up to launch a four-decade-long, RUB89 trillion ($1.2 trillion) investment campaign to reduce carbon emissions by 60% before 2050 from 2019 levels.

bneGREEN: Russian metallurgical giants see growing demand for low-carbon metals

Theo Normanton in Moscow November 22, 2021

Metals demand is booming as increased use in transport products and energy transition projects to curb climate change begin to roll out in larger scale. And that is unlikely to stop anytime soon.

bneGREEN: Russian business leaders call for international co-operation at COP

Theo Normanton in Moscow November 19, 2021

A panel of leaders from Russian and British companies have called for greater international collaboration during in a discussion which took place during the COP 26 climate conference in Glasgow.

bneGREEN: Coal emerges down, but not out, from Glasgow

Richard Lockhart in Edinburgh November 16, 2021

The COP26 conference finished 26 hours late on November 13, with a last-minute intervention by India watering down the final agreement’s commitment on coal.

bneGREEN: Beyond Oil and Gas Alliance aims to end oil and gas production

Richard Lockhart in Edinburgh November 11, 2021

The Beyond Oil and Gas Alliance (BOGA) is calling for an immediate end to new licensing rounds for oil and gas exploration, and has signed up 11 governments to a promise to end oil and gas production by 2050.

bneGREEN: COP26 sectoral initiatives could close 2030 emissions gap by 9%

Richard Lockhart in Edinburgh November 11, 2021

An initial assessment by Climate Action Tracker of the impact of the Glasgow sectoral announcements for methane, coal, forests and transport show they would reduce the 2030 emissions gap between current government action and a 1.5C pathway by 9%.

bneGREEN: Guterres stresses emissions, finance gaps still major barriers to 1.5C

Richard Lockhart in Edinburgh November 11, 2021

UN Secretary-General António Guterres told the COP26 summit that much work remains to be done to fill the emissions gap and the finance and adaptation gap, despite welcoming the agreements on forests, methane and coal made so far.

bneGREEN: 23 countries make zero-emissions vehicle pledge

Richard Lockhart in Edinburgh November 10, 2021

November 10 was Transport Day at COP26 in Scotland, and parts of the automotive industry had pledged to end the sale of petrol and diesel cars and vans by 2035 in leading markets and by 2040 across the globe.

bneGREEN: First COP26 agreement lacks targets and detail

Richard Lockhart in Edinburgh November 10, 2021

COP26 has come up with a first draft agreement that calls on governments to improve substantially by the end of 2022 their emissions reduction targets and long-term strategies for reaching net zero.

bneGREEN: COP26 still far from comprehensive agreement

Richard Lockhart in Edinburgh November 10, 2021

The first week of COP26 was dominated by grand statements by governments, and a number of sector-specific targets covering methane, coal and deforestation.

bneGREEN: Paris Accords targets will be missed, World on course to see 2.7C-3.1C increases in temperature by 2100 without drastic reductions

bne IntelliNews November 8, 2021

The global community will miss the Paris Accord target of keeping temperature rises to 1.5C and will see them climb to between 2.7C and 3.1C by 2100 unless emissions are cut by 15% a year from now on.

bneGREEN: Gas and nuclear lobby hard to be declared green in Europe

Richard Lockhart in Edinburgh November 5, 2021

Gas and nuclear power should be considered as sustainable investments in the EU green taxonomy, a confidential non-paper sent to the European Commission on October 29 and circulating in Brussels has claimed.

bneGREEN: Coal dominates at COP26 as more countries join the clean transition

Richard Lockhart in Edinburgh November 4, 2021

Poland, Ukraine, Vietnam and a host of other major coal-burning countries made clear commitments to phase out coal power in the coming years, as the UK presidency of COP26 claimed that “the end of coal is in sight”.

bneGREEN: Climate Investment Funds issues new generation of green bonds worth $500mn

Richard Lockhart in Edinburgh November 4, 2021

The World Bank has backed the issue of $500mn of green bonds ever year for 10 years in a bid to raise private capital to scale up clean energy and sustainable infrastructure in emerging economies.

bneGREEN: Russian government approves carbon neutrality by 2060

bne IntelliNews November 3, 2021

Russia's Prime Minister Mikhail Mishustin has announced the signing of the 2050 Low Carbon Strategy, previously drafted by the Ministry of Economic Development and taking an "intensive" trajectory that implies carbon neutrality by 2060.

bneGREEN: COP26 finds renewed commitment to 1.5°C

Richard Lockhart in Edinburgh November 3, 2021

The US has joined the High Ambition Coalition and has signed up to the goal of limiting global warming to 1.5°C by 2100, halving global emissions by 2030 and making good on the promise of $100bn per year of climate finance for poor nations.

bneGREEN: Russian miners bring surprise nugget to the surface for global carbon fight

James Blake in Melbourne November 2, 2021

For a world increasingly focused on global warming, the Russian mining and metals sector wouldn’t ordinarily be the first place to look for good news. But a new report says the leading companies are cleaning up their act.

bneGREEN: Mixed outlook for COP26 as leaders embark on search for agreement

Richard Lockhart in Edinburgh November 1, 2021

COP26 is trying to put flesh on the bones of the targets and promises made at the 2015 Paris meeting.

bneGREEN: UN warns that net-zero pledges are insufficient and not urgent enough

By Richard Lockhart in Edinburgh October 27, 2021

A majority of G20 net-zero pledges made so far are not strong enough and are not backed up by meaningful and effective promises of action.

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