The Biden administration has finalized a rule to significantly cut the US oil...

CNN Climate 2 years ago

The Biden administration has finalized a rule to significantly cut the US oil and gas industry's emissions of methane, a powerful planet-warming gas that scientists and climate advocacy groups have pressed nations to rapidly reduce as global temperature soars. The announcement came amid a wave of commitments at the COP28 climate summit in Dubai on Saturday, including a pledge from at least 117 countries to triple renewable energy by 2030. The new US rule, which will be implemented by the EPA, is expected to slash methane emissions by nearly 80% through 2038, compared to what they would have been without the rule. The EPA estimates it will stop about 58 million tons of methane from escaping into the atmosphere during that period – the equivalent of taking more than 300 million gas-powered cars off the road for a year. Read more at the link in our bio. 📸: Angus Mordant/Reuters

layersDaily Sustainability Digest

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The Considerate Constructors’ Scheme has tightened and standardised its checklist and scoring model across the UK and Ireland, raising the bar for sustainable construction and environmental sustainability in construction. Clearer benchmarking should make procurement more rigorous and force contractors to support sustainable building practices, sustainable building design and sustainable design claims with measurable evidence on whole life carbon, embodied carbon, whole life carbon assessment, lifecycle assessment, life cycle cost and building lifecycle performance data. That strengthens scrutiny of low carbon design, eco-design for buildings, net zero whole life carbon and the carbon footprint of construction, with greater focus on embodied carbon in materials, resource efficiency in construction and circular economy in construction.

SDCL Efficiency’s planned wind-down sends a harder signal from capital markets. Rising borrowing costs and tougher return expectations are undermining investments long seen as the practical route to decarbonising the built environment. Developers pursuing energy-efficient buildings, net zero carbon buildings and low carbon building strategies now face sharper pressure to prove commercial resilience as well as carbon footprint reduction. The market is becoming more demanding of credible whole life carbon performance and less tolerant of vague ESG claims.

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