Latest news with #BloombergGreen
Bloomberg
4 days ago
- Business
- Bloomberg
Bloomberg Green Seattle Highlights
Bloomberg Green returned to Seattle to unite industry leaders, policymakers and climate innovators to explore solutions for climate action amid a great recalibration of the path to net zero. From innovation and the climate economy to greener living and the green policy agenda. World-renowned experts delivered insight into the new area of climate action. (Source: Bloomberg)
Korea Herald
5 days ago
- Business
- Korea Herald
Trinasolar listed as the "Workplace for All" by Bloomberg Green
CHANGZHOU, China, July 24, 2025 /PRNewswire/ -- On July 17, Bloomberg Green honored Trinasolar as the "Workplace for All" in Greater China, recognizing its commitment to employee development and innovation, as well as its efforts in fostering a sustainable culture of diversity and inclusion. The selection process, guided by rigorous international standards, highlights companies that excel in ESG performance, gender equality, and labor compliance, positioning them as global leaders in talent cultivation and sustainable growth. Trinasolar upholds fair and transparent evaluation standards for performance reviews, promotions, talent selection, and training. It ensures equal opportunities for all employees while cultivating a workplace free from discrimination. In 2024, the company became a global signatory of the United Nations Women's Empowerment Principles (WEPs), underscoring its commitment to advancing gender equality and workplace diversity. By the end of 2024, women accounted for 27.14% of Trinasolar's workforce and 33.33% of its board of directors. Additionally, the company is committed to empowering socially vulnerable groups, including individuals with disabilities, by offering roles tailored to their physical needs, enabling them to realize their potential and personal value. Labor protection remains central to Trinasolar's corporate responsibilities. The company strictly complies with local labor laws, has established robust grievance and complaint procedures to safeguard employee rights, and has implemented comprehensive occupational health and safety measures. In addition to providing competitive compensation and benefits, Trinasolar prioritizes both the physical and mental well-being of its employees. In 2024, the company invested 90.64 million RMB in occupational health and safety initiatives and ensured that 100% of its employees were covered by employer liability and work injury insurance. Trinasolar prioritizes innovation and talent development. In 2024, the company allocated 6.92% of its total revenue to R&D and had implemented a specialized training program in collaboration with leading institutions including the University of New South Wales, the University of Oxford, and Fraunhofer. These programs enhance the innovation capacity of R&D teams and strengthen industry-academic partnerships. Last year, Trinasolar achieved a 100% training coverage rate, with over 1.7 million total training hours, laying a strong foundation for talent development in the renewable energy sector. Trinasolar believes that an inclusive and trustworthy workplace is essential for long-term value creation and sustainable corporate growth. Looking ahead, the company will continue to foster inclusive workplace, ensure fair labor practices and employee well-being, and collaborate with its global team to build a sustainable, net-zero future.
Los Angeles Times
22-07-2025
- Business
- Los Angeles Times
Airlines face climate reality check with green jet fuel
British Airways' parent company, International Airlines Group, surged ahead of other passenger airlines last year to consume the most sustainable aviation fuel, according to a Bloomberg Green review of corporate filings from dozens of air carriers. The company acquired 55 million gallons of cleaner jet fuel, which is derived from lower-emitting sources such as used cooking oil and animal tallow. That number exceeded the amount used by all U.S. passenger airlines combined. But the promising performance is overshadowed by a troubling reality for the industry: The shift to sustainable aviation fuel is still minuscule, while growth in passenger air travel is drowning out any climate gains so far. For example, despite IAG's world-leading status, cleaner fuel accounted for only about 1.9% of its overall fuel consumption last year, and its emissions from fuel combustion still rose by 5%. Globally, sustainable aviation fuel is expected to increase to 0.7% from 0.3% of aviation fuel this year. But the International Air Transport Assn. expects air travel to climb 6%, causing another jump in emissions. 'We're still at the very beginning of this market,' said Daisy Robinson, a BloombergNEF analyst who focuses on renewable fuels. 'It's going to take some time.' New rules are springing up in different parts of the world to spur more use of sustainable aviation fuel, which costs at least twice as much as conventional jet fuel. Starting this year, the European Union and the U.K. require jet fuel to include at least 2% SAF. Other requirements have been enacted or planned in Canada's British Columbia province, Brazil, Indonesia and Singapore. Such rules help protect first movers from being undercut on prices by competitors. 'As airlines, because of competition, we're not great at doing this voluntarily,' said Aaron Robinson, IAG's vice president for sustainable aviation fuels in the U.S. 'Mandates in different geographies can play a really important role in moving the whole aviation industry forward.' In the U.S., where no mandates are planned and where President Trump's recent tax bill reduced incentives for SAF, airlines have fallen behind the market leaders — despite some heavily advertising their pursuit of greener fuels. Alaska Air Group Inc. leaped to the front of U.S. carriers last year by increasing its SAF usage more than tenfold to 0.68% of its fuel. That's about double the percentage of several other big U.S. airlines, including JetBlue Airways Corp., United Airlines Holdings Inc. and Delta Air Lines Inc. It's nearly 10 times the percentage of American Airlines Group Inc., which used only 0.07% SAF. (When including cargo carriers, DHL Group led the world by using SAF for 3.52% of its jet fuel last year.) Businesses that spend a lot on corporate travel, such as tech firms and consulting companies, helped pay for more than half of Alaska's SAF last year. This enables companies such as Microsoft Corp. and Autodesk Inc. to claim a smaller carbon footprint. Microsoft shaved its emissions by 65,000 tons last year by helping cover the cost of greener fuels, including for some employee flights on Alaska. It's unclear, though, how many more companies will step up, especially given the high cost of cleaner jet fuel compared with other options to rein in emissions. Ryan Spies, managing director of sustainability for Alaska, estimates that businesses pay $150 to $300 for each ton of carbon dioxide that they avoid through SAF purchases. By comparison, carbon offsets sold for an average of about $6.30 per ton last year, according to Ecosystem Marketplace — though many offset projects have delivered fewer climate benefits than advertised. 'This pool might not be that deep,' Spies said. 'The only way to bring these [cost] numbers down is to invest in these technologies.' Global SAF production continues to lurch forward at an uneven clip. Although analysts say there's plenty of green fuel to hit the 2% mandates in Europe this year, vastly more will be needed for airlines to reach their widely held goals of 10% SAF by 2030. A couple of new plants began churning out cleaner fuels last year, including a large Texas facility from Diamond Green Diesel, which is a joint venture between Valero Energy Corp. and Darling Ingredients Inc. Meanwhile, World Energy's first-in-the-country SAF plant in Paramount, has been shut down for months after the loss of financial backing from Air Products & Chemicals Inc. A World Energy spokesperson said there's no timetable for restarting the plant. Perhaps the biggest disappointment for airlines has been the retreat of oil giants, which previously trumpeted massive commitments in this area. BP, for instance, said two years ago that it was pursuing five projects around the world that would produce 50,000 barrels of renewable fuels per day, with a focus on SAF. The oil major has since scaled back most of these plans amid a renewed focus on fossil fuels. BP didn't respond to requests for comment. 'We need to make sure that some of these bigger players are really investing in the new facilities,' said Hemant Mistry, director of net zero transition for the International Air Transport Assn. 'They're the ones who have the technical expertise, the experience, and they have the balance sheets, as well.' Passenger air travel is expected to double by 2050, which will probably cause emissions to soar. While airlines are counting heavily on cleaner fuels to save the day — IATA anticipates SAF could be 80% to 90% of the fuel supply by mid-century — others are more pessimistic. BloombergNEF, for instance, predicts that scarce feedstocks and a lack of new plants will limit these cleaner fuels to about 7% of the industry's propellant by 2050. Considering these challenges, some in the industry are pushing it to shift its focus beyond SAF and to address the thorny issue of ever-rising passenger numbers. 'Limiting or even questioning growth, that is difficult for airlines,' said Karel Bockstael, a former vice president of sustainability at KLM Royal Dutch Airlines, who retired in 2022 after 32 years at the company. Bockstael last year co-founded the group Call Aviation to Action, which has the support of more than 400 current and former aviation insiders, including from fuel producers, airports and airlines. They're urging the industry to set firm limits for its emissions and to support more aggressive policies to stay within these boundaries. This could include levies on frequent fliers or carbon taxes on jet fuel. 'We're not against the industry, we love it, we know all the benefits of it,' Bockstael said. 'But if we do not have a strategy — if we do not have a way out when planetary boundaries are forced upon us — then we will have serious problems, and our industry will have a tragic hard landing.' Elgin writes for Bloomberg.
Mint
21-07-2025
- Business
- Mint
Airlines Trying to Reduce Emissions With Green Jet Fuel Face Reality Check
(Bloomberg) -- British Airways' parent company IAG SA surged ahead of other passenger airlines last year to consume the most sustainable aviation fuel, or SAF, according to a Bloomberg Green review of corporate filings from dozens of air carriers. The company acquired 55 million gallons of cleaner jet fuel, which is derived from lower-emitting sources such as used cooking oil and animal tallow. That number exceeded the amount used by all US passenger airlines combined. But the promising performance is overshadowed by a troubling reality for the industry: The shift to SAF is still minuscule, while growth in passenger air travel is drowning out any climate gains so far. For example, despite IAG's world-leading status, cleaner fuel accounted for only about 1.9% of its overall fuel consumption last year, and its emissions from fuel combustion still rose by 5%. Globally, SAF is expected to increase to 0.7% from 0.3% of aviation fuel this year. But the International Air Transport Association expects air travel to climb 6%, causing another jump in emissions. 'We're still at the very beginning of this market,' said Daisy Robinson, a BloombergNEF analyst who focuses on renewable fuels. 'It's going to take some time.' New rules are springing up in different parts of the world to spur more use of SAF, which costs at least twice as much as conventional jet fuel. Starting this year, the European Union and the UK require jet fuel to include at least 2% SAF. Other requirements have been enacted or planned in British Columbia, Brazil, Indonesia and Singapore. Such rules help protect first movers from being undercut on prices by competitors. 'As airlines, because of competition, we're not great at doing this voluntarily,' said Aaron Robinson, IAG's vice president for sustainable aviation fuels in the US. 'Mandates in different geographies can play a really important role in moving the whole aviation industry forward.' In the US, where no mandates are planned and where President Donald Trump's recent tax bill reduced incentives for SAF, airlines have fallen behind the market leaders (despite some heavily advertising their pursuit of greener fuels). Alaska Air Group Inc. leapt to the front of US carriers last year by increasing its SAF usage more than tenfold to 0.68% of its fuel. That's about double the percentage of several other big US airlines, including JetBlue Airways Corp., United Airlines Holdings Inc. and Delta Air Lines Inc. It's nearly 10 times the percentage of American Airlines Group Inc., which used only 0.07% SAF. (When including cargo carriers, DHL Group led the world by using SAF for 3.52% of its jet fuel last year.) Businesses that spend a lot on corporate travel, such as tech firms and consulting companies, helped pay for more than half of Alaska's SAF last year. This enables companies such as Microsoft Corp. and Autodesk Inc. to claim a smaller carbon footprint. Microsoft shaved its emissions by 65,000 tons last year by helping cover the cost of greener fuels, including for some employee flights on Alaska. It's not clear, though, how many more companies will step up, especially given the high cost of cleaner jet fuel, compared with other options to rein in emissions. Ryan Spies, managing director of sustainability for Alaska, estimates that businesses pay between $150 to $300 for each ton of CO2 that they avoid through SAF purchases. By comparison, carbon offsets sold for an average of about $6.30 per ton last year, according to Ecosystem Marketplace (though many offset projects have delivered fewer climate benefits than advertised). 'This pool might not be that deep,' Spies said. 'The only way to bring these [cost] numbers down is to invest in these technologies.' Global SAF production continues to lurch forward at an uneven clip. While analysts say there's plenty of green fuel to hit the 2% mandates in Europe this year, vastly more will be needed for airlines to reach their widely held goals of 10% SAF by 2030. A couple of new plants began churning out cleaner fuels last year, including a large Texas facility from Diamond Green Diesel, which is a joint venture between Valero Energy Corp. and Darling Ingredients Inc. Meanwhile, World Energy's first-in-the-country SAF plant in Paramount, California, has been shut down for months following the loss of financial backing from Air Products and Chemicals Inc. A World Energy spokesperson said there's no timetable for restarting the plant. Perhaps the biggest disappointment for airlines has been the retreat of oil giants, which previously trumpeted massive commitments in this area. BP Plc, for instance, said two years ago that it was pursuing five projects around the world that would produce 50,000 barrels of renewable fuels per day, with a focus on SAF. The oil major has since scaled back most of these plans amid a renewed focus on fossil fuels. BP didn't respond to requests for comment. 'We need to make sure that some of these bigger players are really investing in the new facilities,' said Hemant Mistry, director of net zero transition for IATA. 'They're the ones who have the technical expertise, the experience, and they have the balance sheets, as well.' Passenger air travel is expected to double by 2050, which will likely cause emissions to soar. While airlines are counting heavily on cleaner fuels to save the day — IATA anticipates SAF could be 80% to 90% of the fuel supply by mid-century — others are more pessimistic. BloombergNEF, for instance, predicts that scarce feedstocks and a lack of new plants will limit these cleaner fuels to about 7% of the industry's propellant by 2050. Considering these challenges, some in the industry are pushing it to shift its focus beyond SAF and to address the thorny issue of ever-rising passenger numbers. 'Limiting or even questioning growth, that is difficult for airlines,' said Karel Bockstael, a former vice president of sustainability at KLM Royal Dutch Airlines, who retired in 2022 after 32 years at the company. Bockstael last year co-founded the group Call Aviation to Action, which has the support of over 400 current and former aviation insiders, including from fuel producers, airports and airlines. They're urging the industry to set firm limits for its emissions and to support more aggressive policies to stay within these boundaries. This could include levies on frequent flyers or carbon taxes on jet fuel. 'We're not against the industry, we love it, we know all the benefits of it,' said Bockstael. 'But if we do not have a strategy — if we do not have a way out when planetary boundaries are forced upon us — then we will have serious problems, and our industry will have a tragic hard landing.' More stories like this are available on
Bloomberg
16-07-2025
- Politics
- Bloomberg
Democrats' Path to Power Is ‘Climate Populism', US Representative Says
Populist messages on climate change, including the potential for cleaner energy to lower electricity bills, are crucial as the Democrats seek to win back control of Congress in next year's midterm election, according to Representative Yassamin Ansari. 'This climate populism message is one that we really need to lean into,' the Arizona Democrat said at the Bloomberg Green Seattle conference on Tuesday. 'When it comes to the cost of living, there is a clear connection between your utility prices and your energy costs and, in Arizona, your AC bills being higher than ever.'
