A collection of power sector suppliers from around the world has introduced a Powering Net Zero Pact to “promote a fair and just transition” to reduce emissions.
The 11 partners have been working on the pact since last year’s United Nations climate summit in Glasgow, ReNews.biz reports, in a story republished by the Institute for Energy Economics and Financial Analysis.
The signatories—including industry giants like Siemens Energy, Siemens Gamesa, GE Renewable Energy, Hitachi Energy, and organizing partner SSE—have operations in more than 100 countries, employ more than 240,000 people, work with more than 120,000 suppliers around the world, and generated combined revenue of more than £55 billion (€64.4 billion) last year.
The group’s goals “include achieving net-zero; working towards 1.5°C science-based carbon targets; protecting the natural environment; guaranteeing fair work practices including living wages and freedom of association; targeting human rights risks across global operations; and supporting local communities and supply chains around projects,” ReNews writes.
“Between them, the founding partners are working on some of the largest low-carbon infrastructure projects in the world.”