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After last year’s budget, I submitted a media request asking the Department of Finance and the Ministry of Environment and ClimateChange how much they were set to spend to address the climate crisis in 2022. The official response was a shoulder shrug. They add up to $386 million, 0.02% of Canada’s GDP.
I look to that horizon instead and think of Bornholm – its gigawatt-scale wind farms, its next-generation smartgrid, its efficient buildings lit and heated and cooled by clean energy, and its place in a nation leading the charge to an emissions-free world in the decades to come. They are signs of catastrophic crisis.
The report highlights Key’s progress as a responsible bank and corporate citizen, including across the four ESG priorities of: climate stewardship; financial inclusion; diversity, equity, and inclusion; and data privacy and security. The 2021 ESG Report can be found at www.key.com/ESG. In 2021, Key invested $5.1
Smartgrids and AI form part of the solution to these problems. A smartgrid is an electricity network that uses digital technologies to monitor and manage the transport of electricity from all generations sources to meet the varying electricity demands of end users.
The emissions reductions achieved through the phase-out of coal can only be banked once. The electrification of sectors such as transport and heating needs to be met by the scaling up of renewables and increased investment in clean energy sources, advanced storage solutions, and smartgrids.
“There is huge investment potential for the taking in Indonesia’s sustainable commodity supply chain for agricultural products, including in nature-based solutions (NbS) ,” adds Monica Bae, Director of Investor Practice at the Asia Investor Group on ClimateChange (AIGCC).
Funding for solutions that strengthen grid flexibility are vital to supply energy demand where and when it is needed, writes Oliver Warren, Investment Banking Analyst at DAI Magister. Climatechange is creating extreme weather events that are wreaking havoc on our power grids. It’s still early days though.
C by 2030 in order to limit the most catastrophic impacts of climatechange. How can international funds, multilateral banks, and Public-Private Partnerships best contribute to fast tracking a Decarbonization Agenda? Further, the IPCC 1.5 °C How to carry out long-term planning to guide short and medium-term actions?
This is a fairly private sector-focused budget,” she said, but government also “has a role to play in supporting communities to address [climatechange] mitigation in their own back yards.” million over five years to establish a NATO climate centre in Montreal; • $34.1
Citing International Energy Agency forecasts, The Economist reported in November that grid storage has become the fastest-growing energy technology, with 80 gigawatts forecast to be added in 2025, three times the level achieved in 2021. For comparison, Canada has electricity capacity of 149 GW nationwide.)
A couple of weeks ago, I presented to a group of institutional investors, clients of Jefferies Group investment bank. One of the big questions was regarding what they should be considering in terms of regional, national, and regulatory concerns for grid investments.
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