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Indonesia will set the strategy and manage the funds while Norway will contribute annual results-based financial contributions for the emissions reductions
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The luxury fashion brand is currently carbon-neutral across its operations globally and all the electricity it uses comes from renewable energy sources
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They will support the Global Methane Pledge Energy Pathway, with the funds used to improve methane measurements in the oil and gas industry, identify priority areas for methane mitigation and develop technical assessments for project development, among others
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The company plans to invest in LED lighting and energy management systems, as well as energy efficient welding, laser cutting and air compression equipment
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Renewable energy is part of Spirit’s strategy to achieve a 30% absolute reduction in greenhouse gas emissions from its operations by 2030
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Projects eligible for consideration include production of clean liquid or gaseous fuels such as hydrogen, advanced ethanol and renewable diesel
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It supports the Global Cement and Concrete Association’s previous pledge to achieve net zero concrete by 2050
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