Ingmar Rentzhog
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As a next step in its climate strategy, the Volvo Group is now committing to the Science Based Targets initiative and will establish targets and roadmaps during 2021 towards being a net-zero emissions company by 2050 at the very latest. Read more: https://www.volvogroup.com/en-en/news/2020/nov/news-3820494.html
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Pinned by Ingmar Rentzhog
Thank you for inviting us to the dialogue on this crucial topic. Producing safe and energy efficient vehicles is the core of what we do and we are working tirelessly to do our part to fulfill the Paris Agreement – here by joining the Science Based Targets initiative. To lower our climate impact, we have a clear plan. We have since many years back offered hybrid electric and fully electric buses that are operating in several cities across the globe – one example is in Gothenburg, Sweden, where we the other day handed over 145 fully electric buses, which will reduce CO2 emissions by 14,500 tonnes on a yearly basis in the city. We have also offered our customers electric trucks since 2019. This year, our fossil-free compact excavators and compact loaders were launched and available in several markets. However, this is of course not enough by any means. We stand humble, yet determined, to meet and overcome the challenges ahead. By 2030, our goal is that 35% of sold products will be electric and by 2040, all new vehicles rolling out from our factories should be fossil free. The electric products will be both battery electric, such as trucks operating in short to mid distances, as well as fuel cell electric. The fuel cell driven demo vehicles will start rolling in our streets in a few years. By the latter half of this decade, the ambition is to have a commercial offer for our customers with more heavy and demanding tasks, to buy fuel cell trucks – releasing nothing but water and heat. We are experiencing a great shift from the traditional diesel engines to electrically powered engines or engines powered by other fossil-free fuels, and we are collaborating with several different organizations and agencies to make this shift happen. Thank you once again.
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The Science Based Targets initiative is a collaborative effort between CDP (formerly the Carbon Disclosure Project), the United Nations Global Compact, the World Resources Institute, and the World Wildlife Fund. It encourages companies to set emissions reduction targets that are aligned with the goals of the Paris Agreement, aiming to limit global warming to well below 2 degrees Celsius above pre-industrial levels. https://tunnel-rush.co/
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Given that delaying action until 30 years from now is likely to have unfavorable effects, I believe the 2050 deadline should be brought up to no more than 15 years from now.https://phrazle.co
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Very impressed with the group's goals. By 2030 about 35% of all products sold will be electric, and by 2040, all new vehicles shipped from factories that don't use fossil fuels https://deathrun3d.io
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The Volvo Group's commitment to the Science Based Targets initiative means that the company has pledged to set science-based greenhouse gas (GHG) emission reduction targets in line with what is required to meet the goals of the Paris Agreement on climate change. The Science Based Targets initiative is a collaboration between CDP, the United Nations Global Compact, World Resources Institute, and WWF, which aims to encourage and support companies to set and achieve science-based emissions reduction targets. https://gartenofbanban.io
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Great work volvo for your leading role to net zero
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I think the company will achieve its goal in 2050 when now the company has taken the right and timely actions against what the company commits to. https://subwaysurf.io
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The Volvo Group drives prosperity through transport and infrastructure solutions, offering trucks, buses, construction equipment, power solutions for marine and industrial applications, financing and services that increase our customers’ uptime and productivity. https://pacman-30thanniversary.com
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The Volvo Group commits to the Science Based Targets initiative, https://shellshockers.app a global initiative to accelerate the development of the next generation of clean vehicles, powered by the latest advances in science and technology. The initiative was launched by the World Government Summit in 2015 and is supported by Volvo, the United Nations Environment Programme, the United Nations Development Programme, the World Bank, and other leading organizations
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Do not substitute a later deadline for "at the absolute latest." A far earlier date would be appreciated given the internal combustion engine's disproportionate contribution to GHG emissions. Do everything you can to achieve your goals. https://rollingball3d.com this is not a practice.
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Very good
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Yes 2050 is quite far off. It's time green principles are put above profits
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Thank you for inviting us to the dialogue on this crucial topic. Producing safe and energy efficient vehicles is the core of what we do and we are working tirelessly to do our part to fulfill the Paris Agreement – here by joining the Science Based Targets initiative. To lower our climate impact, we have a clear plan. We have since many years back offered hybrid electric and fully electric buses that are operating in several cities across the globe – one example is in Gothenburg, Sweden, where we the other day handed over 145 fully electric buses, which will reduce CO2 emissions by 14,500 tonnes on a yearly basis in the city. We have also offered our customers electric trucks since 2019. This year, our fossil-free compact excavators and compact loaders were launched and available in several markets. However, this is of course not enough by any means. We stand humble, yet determined, to meet and overcome the challenges ahead. By 2030, our goal is that 35% of sold products will be electric and by 2040, all new vehicles rolling out from our factories should be fossil free. The electric products will be both battery electric, such as trucks operating in short to mid distances, as well as fuel cell electric. The fuel cell driven demo vehicles will start rolling in our streets in a few years. By the latter half of this decade, the ambition is to have a commercial offer for our customers with more heavy and demanding tasks, to buy fuel cell trucks – releasing nothing but water and heat. We are experiencing a great shift from the traditional diesel engines to electrically powered engines or engines powered by other fossil-free fuels, and we are collaborating with several different organizations and agencies to make this shift happen. Thank you once again.
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Thanks for your answer @volvo_group But I think you need to update your business goals. Already in 3-4 years, electric cars will be cheaper than fossil fuel versions. By 2030, no one will demand fossil vehicles—neither trucks nor cars. The We Don't Have Time community wants to help you with this. Volvo Group will be a winner if you succeed in making the transition much faster.
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@volvogroup I appreciate your decency to provide an answer to our WDHT community. But you might as well know our position. Volvo’s initiative is not enough for now. It can do a lot better.
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Dear Ingmar, Well done in getting your climate love to level 2. We have reached out to Volvo Group and asked for a response. We will keep you updated on any progress. /Adam, We Don't Have Time
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Very good news ✨
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I agree that this seems almost green wash at this late stage, but Volvo are still early adopters of such a scheme based around combustion of fossil fuels. My greatest concern is Volvo's sluggishness in investing in electrically powered vehicles years ago, given their historically sound principles. Come on Volvo, aim higher and sooner. ANYTHING is possible 💚💚💚
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I would suggest that the target point of 2050 should be extended more closer, this is because 30 years from now is something that can cause more harm than good, this would have been set in not more than 15 years,
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I gave Volvo a Climate love for adopting science based target. That is a good starting point to deliver more action now. Let’s help them achive that by giving them Climate reviews. 💚💡⚠️
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Are all 3 ghg scopes included or only direct emissions?
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I feel ashamed. On their behalf. 2050?
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Volvo needs to be more aggressive, how can they are setting a goal to be net-zero at the same time as petrol & diesel producers????
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It's a start. Do replace 'at the very latest' with an earlier deadline. Given the disproportionate contribution to GHG emissions by the internal combustion engine, a much earlier deadline would be welcome. Go all out, do whatever is possible. This is not a rehearsal.
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I think net zero emissions by 2050 is disappointingly unambitious 🙁
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