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EU Adopts Net Zero Industry Act to Scale up Decarbonization Technologies

ESG Today

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 race kicked into high gear with the passage of the U.S.’

Net Zero 129
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Canada’s net-zero opportunities might skip some provinces

Corporate Knights

Canada’s provincial governments need comprehensive net-zero climate strategies to drive growth in the green economy, but some are sending mixed policy signals to the companies that will create tomorrow’s jobs, says a new report from the Canadian Climate Institute. . However, B.C. We see this transition as inevitable,” Arnold said.

Net Zero 311
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Urgent Deployment of Existing Technology Can Get World Close to Net Zero, BloombergNEF’s New Energy Outlook 2024 Shows

3BL Media

The new report indicates that the speed with which clean technologies 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.

Net Zero 173
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EU Invests €4.8 Billion in Decarbonization Projects Funded Through Carbon Pricing System

ESG Today

The European Commission announced today that it has selected 85 decarbonization technology-focused projects to receive €4.8 The fund is aimed at creating financial incentives for companies and public authorities to invest in advanced net zero and low carbon technologies.

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KKR, BBVA Launch Decarbonization Investment Partnership, Backed by $200 Million Commitment

ESG Today

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.

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Biden Administration Invests $6 Billion in Industrial Decarbonization Projects

ESG Today

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.

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Bloomberg report: Urgent deployment of existing technology can get world close to net zero

Envirotec Magazine

The new report indicates that the speed with which clean technologies and decarbonization of the power sector are scaled up is crucial. Figure 1: Energy-related emissions and net-zero carbon budget, BNEF’s Economic Transition Scenario and Net Zero Scenario (Source: BloombergNEF. is buildings).