Saudi Arabia launch Greenhouse Gas Credits Scheme
New EU rules to eliminate 500m tonnes of greenhouse gas
Nissan scraps combustion engines
Raise a glass to Bacardi as they pledge to halve emissions
Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman announces Greenhouse Gas Credits Scheme
Saudi Arabia has unveiled the Greenhouse Gas Crediting and Offsetting Mechanism (GCOM), a program designed to tackle climate change by reducing greenhouse gas emissions and promoting sustainability. The launch of this initiative, which occurred during MENA Climate Week 2023 in Riyadh, demonstrates the Kingdom’s dedication to addressing climate challenges and aligning with the environmental sustainability goals of Saudi Vision 2030.
EU lawmakers agree on rules eliminating 500 million tonnes of greenhouse gas emissions
Lawmakers in the European Parliament and Council announced that they have reached a provisional agreement on new legislation that will result in a massive reduction in greenhouse gas (GHG) emissions from fluorinated gases and ozone-depleting substances. According to a statement by the European Commission welcoming the agreement, the proposed legislation would prevent nearly 500 million tonnes of GHG emissions by 2050.
A refreshing change from Coca-Cola as it launches 100% recycled plastic bottles in India
Coca-Cola India announced the launch of Coca-Cola in 100% recycled plastic (rPET) bottles in its smaller pack sizes, including 250 ml and 750 ml bottles. The new recycled plastic bottles are made from 100% food-grade rPET, excluding caps and labels. The Coca-Cola Company now offers 100% recycled plastic bottles in over 40 markets, bringing it closer to its World Without Waste goal of making bottles with 50% recycled content by 2030.
Nissan to go 100% electric
Nissan announced that all new models launched by the automaker in Europe going forward will be all-electric, as the company aims to achieve 100% EVs in Europe by 2030. The announcement follows Nissan’s launch in 2021 of its “Ambition 2030 Vision” which placed vehicle electrification at the core of its long-term strategy, with plans for nearly $18 billion of investments over five years, focused on building out its EV lineup and technology innovation.
Cheers to Bacardi who halve greenhouse gas emissions with new heat & power system
Global wine and spirits company Bacardi announced today the opening of a new Combined Heat & Power (CHP) system at its rum distillery in Puerto Rico, anticipated to cut the BACARDÍ rum brand’s greenhouse gas (GHG) emissions in half. The new CHP system replaces heavy fuel oil with propane gas, which is a relatively cleaner energy solution, at the facility, which is the world’s largest premium rum distillery.
Sources.
Christos Chountoulesis – Investment Analyst at Clever Adviser Technology Ltd (Clever)
Data sourced from FE FundInfo & Koyfin (quoted in Pounds Sterling).
Coca-Cola Launches 100% Recycled Plastic Bottles in India, by Mark Segal, ESG Today 05/10/2023
EU Lawmakers Agree on Rules Eliminating 500 Million Tonnes of GHG Emissions,by Mark Segal, ESG Today, 06/10/23
Nissan to Launch Only All-Electric Car Models in Europe Starting Now, By Susan Lahey, ESG Today, 03/10/2023
Bacardi to Cut Emissions from Rum in Half with New Heat & Power System, by Mark Segal, ESG Today, 02/10/23
Risk Warning:
These are Christos’s views at the time of writing and should not be construed as investment advice. The opinions expressed are correct at time of writing and may be subject to change. Capital is at risk. The value and income from investments can go down as well as up and are not guaranteed. An investor may get back significantly less than they invest. Past performance is not a reliable indicator of current or future performance and should not be the sole factor considered when selecting funds.
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