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But its true: Canada and the world made enormous strides addressing climatechange and building a cleaner economy. This year also brought important new policy research on an Indigenous electrification strategy , Indigenous participation in clean energy , and Indigenous housing and cleantechnologies.
Key Drivers of the Energy Transition The energy transition is driven by several significant factors, including the critical need to combat climatechange and the economic benefits of renewable energy sources. Combatting climatechange Reducing carbon emissions is at the core of energy transition efforts.
Alternative asset and private equity investor KKR and Spanish bank BBVA announced the formation of a new strategic partnership, targeting climate solutions and climate infrastructure-related investments aimed at supporting the decarbonization of the real economy.
In line with the Challenge’s advanced technology specifications, these heat pumps will be designed to help organizations meet their energy efficiency needs and decarbonization goals. “As We are thrilled to work together on this important initiative to drive greater energy efficiency and decarbonization in our nation’s buildings.”
Not Every ClimateChange Question is an Honest One. It suggests that proponents of cleantechnologies like renewables and electric vehicles are being dishonest by ignoring or glossing over any downsides that come with them. The incumbent and extractive fossil-based technologies. Okay, so here’s my actual answer.
Ontario, for example, has the highest number of workers in industries threatened by the energy transition but lacks a “consistent, comprehensive, and long-term approach” to climate policy that would support high-growth cleantechnology companies. However, B.C. We see this transition as inevitable,” Arnold said.
She was referring to the green transition, and the opportunities and challenges that lay before us as world leaders race to decarbonize their economies. There are risks to climate policy initiatives that rely on the private sector, namely that public–private partnerships tend to be slow or continue to benefit the fossil fuel industry.
This is about human and planetary needs, but heeding this call for climate action no longer requires corporations to renounce greed – which was always going to be a tough sell at scale. The reason for this is the previous decade’s hyper-growth in cleantechnology is being driven by historic and in some cases unprecedented cost reductions.
She was referring to the green transition, and the opportunities and challenges that lay before us as world leaders race to decarbonize their economies. There are risks to climate policy initiatives that rely on the private sector, namely that public–private partnerships tend to be slow or continue to benefit the fossil fuel industry.
A great deal of work lies ahead: to be on track to meet Canada’s national climate goal by 2030, emissions from the agriculture sector must decline at an average annual rate of 2.9 But data from Environment and ClimateChange Canada (ECCC) shows a yawning “say–do” gap, with emissions declining by just 0.4
The ensuing conversations — and, no doubt, many more to come — are a continuation of the learning journey I’ve been on for the past few years, seeking to understand the role of the financial sector in advancing sustainability solutions and a clean, decarbonized economy. Even still, last week’s conversations were a real eye-opener.
The new report indicates that the speed with which cleantechnologies and decarbonization of the power sector are scaled up is crucial. The power, transport, industry and buildings sectors transition at different speeds based on the technologies available for them to decarbonize, but all see emissions start to fall immediately.
This decade will witness a rapid adoption of renewable fuels with low emissions, a crucial step in the decarbonization of the transportation sector. trillion was invested in cleantechnologies, including heat pumps, electric vehicles, nuclear power, storage, grids, low-emission fuels, and efficiency improvements.
The company also announced that it has joined the First Movers Coalition (FMC) to use its purchasing power towards cleantechnologies to help support the shift to near-zero emission aluminum. We’re committed to doing our part and we call on corporate and political leaders around the globe to also do theirs.”
Understanding Climate Scenario Analysis What is climate scenario analysis? Climate scenario analysis is a strategic tool used by businesses to evaluate the potential impacts of climatechange on their operations, assets, and overall business strategy. degrees Celsius by 2100.
today signed a memorandum of understanding outlining their collective efforts to accelerate the deployment of cleantechnologies such as heat pumps in new and existing homes. We applaud state action to pragmatically decarbonize buildings, and today are proud to support the collaborative action by eight states and Washington, D.C.
Despite the improvements in disclosure and climate pledges, however, the study found that direct emissions from the companies have not declined this year, and are on track to significantly exceed those needed to achieve the global goal to limit temperature increase to 1.5°C.
As more people become concerned by the heat waves, forest fires and flooding exacerbated by climatechange, they're switching their carbon-emitting home appliances for electric, emissions-free alternatives. Critics say fear of climatechange will not prompt people to adopt new technology. In the U.S.,
In the race to decarbonization and achieving net-zero emissions, there is a clear role to be played by governments, individuals, NGOs and companies. I argued that the private sector is a principal driver of decarbonization, reducing carbon emissions, due to three reasons : First , corporates are flocking to adopt net-zero emissions.
Every major economy has an industrial zone like the Port of Rotterdam, a place where smokestacks, pipes, and tanks tell one story of climatechange. Having presented the global risks from Arctic climatechange to audiences at the World Economic Forum at Davos each year, Gail is worried. It is a complicated place.
The launch of the fund follows the release last year by the government of its Emission Reduction plan to address climatechange and the country’s transition to a low emissions economy. According to BlackRock, the fund marks the firm’s largest single country decarbonization-focused project to date. It is already doing that today.
DESCRIPTION: Tetra Tech’s Rodrigo Chaparro, senior climate advisor, looks at how international development agencies can advance carbon markets. This is the third in a three-part series exploring how Article 6 of the Paris Agreement can spur the clean energy transition. Key Issue 2—The Corresponding Adjustment.
DESCRIPTION: The United Nations Glasgow ClimateChange Conference, also known as COP26, concluded in November with 200 nations signing the Glasgow Climate Pact (GCP), an agreement that could accelerate climate action and drive big carbon cuts. SOURCE: AllianceBernstein. The problem? But labels aren’t enough.
“We understand firsthand how clean energy helps businesses save money, reduce risks, stay competitive, and meet the expectations of our customers, employees, and shareholders,” the companies wrote. “We In January, as the new legislative session began and the Youngkin administration took office, companies Hannon Armstrong, Lutron, Mars, Inc.,
The guidelines released alongside the framework provide a standardized methodology to ensure that future government support is aligned with the country’s climate and energy priorities, and precludes funding of discretionary programs not aligned with the framework.
The CanREA Electricity Transition Hub (the Hub) is a knowledge-transfer tool helping electricity utilities and system operators accelerate their decarbonization efforts. Toronto, Ontario, October 28, 2022 – The Canadian Renewable Energy Association (CanREA) is thrilled to launch the CanREA Electricity Transition Hub, supported by nearly $1.6
One of the greatest contributors to the changes in the STEPS scenario over the past year was the passage in the U.S. of the Inflation Reduction Act , which allocates nearly $370 billion to areas including renewable energy and industrial decarbonization solutions. C and avoid the worst effects of climatechange.
The event highlighted efforts and opportunities to grow the state’s economy by addressing sustainability challenges like climatechange, water scarcity, and energy demand. Sustainability-focused lenders like Siemens Financial Services can help empower Nevada businesses and enable their adoption of cost-efficient green technologies.
The new report, issued by the Deep Decarbonization Pathways Project (DDPP), comes on the heels of the historic climate agreement last week between the United States and China, in which the U.S. And that is not counting the potential economic benefits of a low-carbon energy system for climatechange and public health.”
Although prevailing wisdom holds that time is running out, BloombergNEF’s New Energy Outlook 2024 seemingly shows how the world could still achieve the major goal of the Paris Agreement – holding global warming to well below 2°C and avoiding the worst impacts of climatechange – and what it would take to get there.
Assessors examine each company’s activities including investment in cleantechnologies, earnings from products aligned with the Corporate Knights Clean Taxonomy, corporate commitments such as Science-Based Targets (SBTs), pay structures, board diversity, and tax payments.
These examples are increasing, reminding us that climatechange is not just an environmental issueit is an economic one. The World Economic Forum estimates that climate impacts have cost the world $3.6 Over 18,200 businesses are taking climate action through initiatives like the Science Based Targets and the SME Climate Hub.
Perversely, it is possible that economic crises will be the catalyst we need to address climatechange. That’s because the problems have the same solution: the rapid deployment of cleantechnologies across the economy. . Imagine what would be possible with a New Deal that has a guiding principle: rapid decarbonization. .
In fact, cleantechnology products represented 3.3% Cleantechnology investments often have high upfront capital costs and long payback periods. Governments at all levels should introduce a more comprehensive set of incentives to de-risk business investments in cleantechnology solutions. In August, U.S.
“All four are moving quickly, but the big unlocks will come from accelerating technology and fuel cost-downs and major global-level changes in the regulatory environment.” . Regulatory anchor .
In its latest report released February 28, the UN’s Intergovernmental Panel on ClimateChange issued its most dire warning yet about the consequences of inaction on billions of people around the world. We know we can’t decarbonize our economy with carbon pricing alone. Houses, farms and roads were ravaged. Lives were lost.
Last fall, an ambitious survey covering 10 countries found that 84% of young people aged 16 to 25 are at least “moderately worried” about climatechange – and 59% are extremely worried. They don’t see the “adults” – in business or government – making any of the hard decisions required to avoid the climate crisis.
Significant electrification — powered by clean generation and enabled by an unparalleled expansion of the electric grid — is necessary to decarbonize the economy feasibly and affordably. Achieving this requires urgent and fundamental changes in how the state’s entire energy infrastructure is planned and built.
The Government of Canada on Thursday released its proposed Clean Electricity Regulations, aimed at advancing the decarbonization of the country’s electricity grid, and supporting its net zero emission climate goals. Canada also joined a G7 commitment in May 2022 to reach “predominantly decarbonized” electricity sectors by 2035.
Green hydrogen, flow batteries, and fuel cells are reinventing the energy market, and proton exchange membranes (PEM) are critical for effectively commercializing these technologies. Together, they contribute substantially to a new hydrogen economy and the decarbonization of energy across our planet. UN SDG Target 3.9:
The ClimateChange Agreement, under which businesses receive a discount on their energy bills if efficiency targets are met, has been renewed until 2025. Of the more than 18,500 companies disclosing to CDP in 2022, roughly 7,000 said that they engaged their suppliers on climatechange issues. million homes.
That means putting money on deploying existing technology in the near term, while continuing to fund innovation to deliver cost-effective approaches in the future. Deploying CleanTechnology. Despite COVID-19 and the economic downturn, clean energy investment did surprisingly well in the United States last year.
The Energy Innovation analysis “projected that particulate matter pollution in the United States would fall—potentially preventing 3,700 to 3,900 deaths annually by 2030, in addition to 99,000 to 100,000 avoided asthma attacks, and 405,000 to 417,000 avoided lost work days,” Inside Climate writes. The Price of a Deal.
And when it comes to climatechange, this news can seem uniformly grim (its not, and well come back to this). But its worth reminding ourselves of the important progress thats happening on climate and clean energy around the world as an antidote to pessimism that can paralyze us right at the moment when action is needed most.
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