Leading firms unite to scale up
sustainable fuels for a low-carbon world
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Leading
global firms like Audi, DuPont, DSM, LanzaTech and Novozymes are among 20
organisations that are partnering with the World Business Council for
Sustainable Development (WBCSD), Roundtable for Sustainable Biomaterials
(RSB) and Sustainable Energy for All (SE4ALL) through a new global initiative
called ‘below50’, to promote the best-of-breed of sustainable fuels that can
achieve significant carbon reductions, and scale up their development and
use.
A
key outcome of the Low Carbon Technology Partnerships initiative (LCTPi),
‘below50’ is a novel collaboration designed to grow a global corporate market
for the best-of-breed sustainable low-carbon transport fuels (LCTFs). The
initiative was launched recently at the LCTPi5 global roundtable in San
Francisco, USA. Any company who produces, uses and/or invests in fuels that
are at least 50% less carbon intensive than conventional fossil fuels can
join the ‘below50’ initiative. Companies must publicly commit to the
campaign, show evidence that supports their claim, and disclose their
progress towards achieving this goal.
The
companies and organisations driving the initiative include ABBI, Arizona
State University, Audi, CGEE, Copersucar, DSM, DuPont, GranBio, the
International Energy Agency (IEA), SkyNRG, Joule Unlimited, LanzaTech, LCFC,
Novozymes, Pannonia, Poet, Red Rock Biofuels, RSB, SE4ALL and Yale University.
“We’re
on the cusp of a clean energy future,” said Mr. Peter Bakker, President and
CEO of WBCSD. “Below50 is accelerating that shift by scaling up the global
market for sustainable fuels – it’s a huge growth opportunity that is
expected to reach $185-bn over the next five years. Below50 brings together
companies and organisations from around the world to help realize the
ambition set in Paris at COP21, and in doing so, to unlock the economic
benefits of the new low-carbon economy.”
The
collaboration is designed to increase the number of companies using ‘below50’
fuels and demonstrate that these fuels make both good business and
environmental sense. The campaign will centralise resources and dialogue;
produce a go-to resource for regulators and policymakers; create a
marketplace for companies across the supply chain; and host regional road
shows to engage financers, policymakers and companies, as well as explore how
to regionally scale sustainable fuel technology.
‘Below50’
is working closely with world-renowned sustainability standards to ensure
that key sustainability parameters (for example related to water, land use
and food security) are integrated into the ‘below50’ admission criteria.
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CHEMWKLY 14JUN16
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