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Last year, it attracted $575 million in investments to help it roll out its decarbonization plan and announced that all new customers will be powered by 100% renewable energy. Its pulp and paper mill in Quebec will be the first to test new industrial carbon-capture technology that is expected to save 2,000 tonnes of carbon dioxide a year.
The Role of Government and Industry in the Energy Transition Governments around the world are implementing initiatives that encourage the adoption of clean energy while setting long-term sustainability targets, and public policy and regulatory frameworks play a crucial role in shaping the energy transition.
Looking specifically at hydrogen from renewable energy, Bloomberg calculates that if the cost for the technology to produce it continues its current downward curve, renewable hydrogen could be competitive with natural gas in several countries before 2050. Patch, an energy and technology consultant. But what are the hurdles?
Department of Energy (DOE) announced today the selection of 33 projects to be awarded up to $6 billion in funding aimed at advancing technologies to help significantly reduce emissions across hard-to-decarbonize industries across sectors including chemicals, steel, food, refining and cement, among others.
The European Council announced today that it has approved the Net-Zero industry Act (NZIA), a new law introducing a framework of measures aimed at scaling up Europe’s manufacturing capacity for technologies key to achieving the EU’s climate goals.
The European Commission announced today that it has selected 85 decarbonizationtechnology-focused projects to receive €4.8 85 innovative projects in 18 countries bring cutting-edge cleantechnologies at the service of climate action.
The Biden administration unveiled on Wednesday a series of initiatives aimed at reducing greenhouse gas emissions from the industrial sector, including the announcement of a $6 billion Industrial Demonstrations Program to accelerate decarbonization projects targeting hard-to-abate sectors. billion from the IRA and $430 million from the BIL.
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.”
Inflation Reduction Act, which allocated nearly $270 billion through a series of tax credits, loans, grants and subsidies to areas including renewable energy and industrial decarbonization solutions. Clean tech is a booming market, and the more we enhance our competitive advantage, the more quality jobs can be created in Europe.”
In Ontario and Alberta, significant policy reversals in recent years have weakened the business case for emerging clean-tech firms, which need major local customers to commercialize and scale up their technology. . But the government plans to rely more heavily on natural-gas-fired power for electricity over the next decade.
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.
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.
The 2023 Budget demonstrates Canada’s strong leadership in leveraging policy, programs and the tax system to accelerate decarbonization while supporting a strong economy, with new investment certainty for solar energy, wind energy, energy storage and green hydrogen,” said Brandy Giannetta, CanREA’s Vice-President of Policy and Government Affairs.
Sweden-based truck and bus manufacturer Scania and Sweden-based global steel company SSAB announced today a new agreement for fossil-free steel, including a target to decarbonize all steel deliveries from SSAB to Scania’s heavy-duty vehicles in 2030. SSAB is the main steel supplier for Scania’s vehicles.
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.
Canada unveiled its response to the emerging global race to scale up green energy and clean tech manufacturing capacity, with proposals for over $60 billion in tax credits and an additional $20 billion in sustainable infrastructure investments in its 2023 budget, presented by Deputy Prime Minister and Minister of Finance, Chrystia Freeland.
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.
When used by customers, Keysight’s leading-edge design, emulation, and test solutions help drive innovations that build a better planet in areas such as cleantechnology, social impact and wellness, and safety and security.
The law’s transferability provision allows, for the first time, clean energy developers and manufacturers to sell their tax credits to third parties for cash. How can Nasdaq ESG Solutions and Crux help corporates navigate this new market? In July, Crux released its 2024 Mid-Year Market Intelligence Report based on data from $6.8
Industrial decarbonization picks up steam. Increasingly, the stars are aligning for industrial emissions to take center stage, for three key reasons: demand for clean solutions is growing; technologies are maturing; and the conditions for policy solutions are ripe. Key pathways to decarbonize thermal energy include: Efficiency.
Through this partnership, Chemours and BWT will integrate their complementary capabilities, resources, and technological expertise—as well as more than 85 years of combined experience in fuel cell membrane innovation—to expedite supply to original equipment manufacturers (OEMs) and to ensure growing demand is met in the near and long terms.
This unique position – as well as several major private-sector investments in the state to build cleantechnology – makes Nevada a crucial player in tackling the planet's most urgent challenges. Nevada is emerging as the leading lithium battery center in North America, and the industry is only poised to grow from here.
A strategic hub in the booming Southeast Asian market Indonesia's strategic location within Southeast Asia, a region experiencing a boom in manufacturing and retail, further emphasizes the importance of sustainable shipping. The Bali Clean Energy Initiative (BCEI) exemplifies this commitment. Herein lies the opportunity.
ITCs will propel renewables forward The ITC I am watching most closely is the 30% CleanTechnology Investment Tax Credit, a refundable 30% tax credit on the capital cost of investments made by taxable entities in wind, solar PV and energy-storage technologies.
It did so by making a bet that only government policy could move the economy and private sector to embrace clean energy at scale; and the only way to do this required restoring US manufacturing, addressing the supply chain crisis, and making energy both carbon-free and cheap. Components of a UK Clean Energy Industrial Strategy.
Veolia’s Gavin Graveson saw the budget as “a missed opportunity” given the dearth of measures to deliver decarbonized and local energy. Decarbonizing these modes of transport received an apparent boost with a £270 million joint investment in technologies for zero-carbon aircraft and automotive.
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.
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.
The advancement of industrial decarbonization has been a key focus area for the Biden administration’s climate agenda, with the industrial sector accounting for nearly a third of the U.S.’ industrial manufacturing emissions, and are essential to decarbonizing supply chains.
Based on existing supply deals with industrial clients such as GM and LG, Li-Cycle estimates it could supply 15% of North America’s battery manufacturing capacity by 2025. After that firm went bankrupt, Bédard teamed with a former Corbeil executive to bring yellow-bus manufacturing back to Quebec – with a green tinge.
has signalled its €33 billion infrastructure investment plans across Europe for the coming four years, positioning itself as a key player in the continent’s clean energy transition. A Net Zero Europe Platform will also be set up to help member states establish new industrial partnerships focused on decarbonization.
The companies are asking Congress to swiftly approve a reconciliation package with $550 billion in fiscally-sound investments in clean power, transportation, industry, and agriculture, as well as environmental justice, at its foundation. R&D, manufacturing and supply chains. Siemens supports bold federal action on climate.
It’s a large industrial policy bill with incredible amounts of incentives for onshoring of clean energy and cleantechnology, manufacturing,” Gopal said. million new jobs by 2030, a lot of that concentrated in manufacturing, construction, and service.”. It’s a pretty big job adder, with possibly up to 1.5
The European Commission announced the launch of its Action Plan on Steel and Metals, outlining a broad range of initiatives aimed at protecting and strengthening the industrys competitiveness, and supporting its decarbonization. Next-generation, clean steel should therefore continue to be manufactured in Europe.
billion in decarbonizationtechnology and clean hydrogen projects, utilizing funds raised through its EU Emissions Trading System (EU ETS). billion for net zero technologies, including €1 billion targeted specifically to electric vehicle battery cell manufacturing, and a further allocation of €1.2
with successive announcements of new, billion dollar plus scale domestic battery, electric vehicle, clean energy manufacturing, and mineral processing facilities. billion investment to expand its Toledo and Indiana-based EV part manufacturing plants, and First Solar’s announcement of a $1.2
The administrations key climate achievements include the passage of the landmark Inflation Reduction Act (IRA) and Bipartisan Infrastructure Law (BIL), which combine to include allocations of nearly $500 billion to climate-focused investments in areas including carbon-free energy, manufacturing and cleantechnologies.
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