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Public and private funding is also expanding to support grid modernization, electric vehicle infrastructure, and emerging cleantechnologies. However, while investment is accelerating, securing financing for developing economies remains a challenge, requiring targeted policies and international collaboration.
This year also brought important new policy research on an Indigenous electrification strategy , Indigenous participation in clean energy , and Indigenous housing and cleantechnologies. Governments can deliver even deeper emission cuts by following through and finalizing developing and announced policies.
While we would have liked to see more global ambition for funding to help developing nations adapt to and mitigate the effects of a changing climate, we are pleased to see an expanded contributor base and clear standards for carbon markets worldwide. Backsliding on U.S.
C, including supporting the development of the International Sustainability Standards Board’s (ISSB) upcoming sustainability and climate-related corporate reporting standards, calling for an end of construction of new unabated coal-fired power plants, and supporting initiatives to ramp climate transition finance to developing countries.
It also says it has installed capacity of around 28 megawatts of wind power and is developing photovoltaic plants with a planned capacity of approximately 58 MW. OeKB focuses on five service areas: export, capital markets, energy markets, development financing and tourism.
In the race to drastically cut emissions in shipping, one of the industry's biggest names, Samsung Heavy Industries, is teaming with fuel cell company Bloom Energy to develop a more sustainable fuel designed to meet steep international targets. Meanwhile, Bloom already envisions other applications for fuel cell technology on the water.
At the same time, Canada’s financial system continues to pump billions of dollars into fossil fuel developments. Canada needs to adopt a package of financial regulations that will drive down carbon emissions and shift billions of dollars toward investing in cleantechnology and renewable energy.
Looking at how international development agencies can advance carbon markets. DESCRIPTION: Tetra Tech’s Rodrigo Chaparro, senior climate advisor, looks at how international development agencies can advance carbon markets. Our approach is to accelerate the implementation of cleantechnologies and policies to achieve net-zero emissions.
Later this year, the developer intends to build a plant in California to make hydrogen from waste for transportation fuel or for the power grid; it is negotiating with a healthcare provider to supply the trash. "As Technology & Investment Solutions is among those doing research for California.
Global commodities trading company Trafigura announced today a new commitment to purchase at least 50,000 tons of carbon dioxide removal credits by the end of 2030, joining an initiative aimed at supporting the development of the CO2 removal market and solutions.
Clean energy technologies and infrastructure are likely to receive twice as much global investment this year as fossil fuels, but countries still aren’t on track to fund the tripling of renewable energy capacity they agreed to at last year’s COP28 climate summit, the International Energy Agency concludes in a pair of reports issued this week.
Ottawa is creating two new federal tax credits for cleantechnology and low-emitting hydrogen production. Tweet me: Ottawa is creating two new federal tax credits for cleantechnology and low-emitting hydrogen production, which @Enbridge CEO Al Monaco says will spur investment in Canada: [link]. SOURCE: Enbridge.
Developing Canadian green- and transition-oriented taxonomies was a key recommendation of Canada’s Expert Panel on Sustainable Finance to ensure we expand green investments while setting standards for what counts as transition-oriented financing.
The $300bn figure falls far short of what is needed by developing countries. Additionally, business and governments need to develop new and innovative ways of working together in support of a global transition from fossil fuels to clean solutions, recognising the urgency of the situation we are in.
billion in investment tax credits for cleantechnologies and clean hydrogen production, provided the latter meets standards set out in the Inflation Reduction Act, the giant U.S. The government’s decision to specifically target electricity storage technologies bears noting.
Driven by customer interest, we continued to make progress in advancing renewable energy and other cleantechnology solutions. These new customers bring significant value to our stakeholders, including good jobs, infrastructure improvements and tax revenues for our communities.
SOURCE: Keysight Technologies. DESCRIPTION: Keysight helps build a better planet through our sustainably developed electronic measurement solutions that accelerate innovations to change lives, secure the world and connect people across the globe. Clean Tech Innovation. KEYWORDS: Keysight Technologies, NYSE:KEYS.
Southern Company Southern Company is a leader in the development and deployment of technologies that deliver on our commitment to clean, safe, reliable and affordable energy to customers. Southern Company is collaborating with Singularity to develop a platform that can provide hourly energy emissions data.
The Global Innovation Lab for Climate Finance (the Lab) launched six innovative finance solutions to drive private capital towards climate action in developing economies. This Lab cohort also includes instruments with a regional focus on Brazil and Southern Africa.
Department of Energy has selected the Heartland Hydrogen Hub, including multiple clean hydrogen projects from Xcel Energy, for award negotiations to receive up to $925 million. The award will.
Sometimes, it’s about changing the terms of ownership and encouraging buyers to consider shorter-term arrangements for their capital equipment, said Rob Herb, vice president and global asset manager for healthcare and cleantechnology at DLL. . "In It is a relationship that you have to build.".
Clean energy solutions startup Eavor Technologies today announced the successful completion of $182 million in financing, with proceeds aimed at accelerating the company’s development and deployment of its geothermal energy technology. ”
One of the key “potentially market-moving developments” highlighted by the new report includes the continued long-term reduction in battery prices, with drivers including an 80% drop in lithium prices, intense competition and technological advancements anticipated to lead to further sharp price cuts.
trillion was invested in cleantechnologies, including heat pumps, electric vehicles, nuclear power, storage, grids, low-emission fuels, and efficiency improvements. This significant investment in cleantechnologies underscores the potential and importance of renewable diesel in the energy sector.
DESCRIPTION: Tersano is a Canadian-based, privately held company that manufactures sustainable cleaningtechnologies. Through their innovative products and solution, they make cleaning safer for people and the planet, while helping businesses significantly reduce costs, time, and labor every step of the way. SOURCE: Tersano.
Early technologies are expensive and can have bugs, which can scare away early adopters. Financial innovations can help by jumpstarting the mainstreaming of cleantechnology and removing the risk from customers. The challenge is getting this virtuous cycle going.
“There is no one solution or technology that will solve the healthcare plastics recycling challenge and HPRC is continuously seeking tools that can support the healthcare sector improve the recyclability of plastics,” shared Peylina Chu, Executive Director of HPRC.
MCi is an Australian cleantechnology companycurrently scaling a mineral carbonation platform to capture and transform carbon dioxide (CO 2 ) into building products and other valuable materials for the circular carbon economy. The technology MCi Carbon is developing will enable CO 2 to be captured in a stable manner in minerals.
Yes, but sustainable finance is far bigger than just the companies seeking capital to expand their operations or invest in cleantechnologies and other things. Me again: "So, the ESG data that serves as the foundation for sustainable finance is increasingly driving not just investment decisions but also management decisions.".
One way we are doing that is as an anchor partner of Breakthrough Energy Catalyst (Catalyst), a groundbreaking program within the larger Breakthrough Energy network that is working to accelerate the development and commercialization of critical technologies for decarbonization.
DENVER, April 18, 2024 /3BL/ - Today, the Wells Fargo Innovation Incubator (IN²), a $50 million cleantechnology program funded by the Wells Fargo Foundation and co-administered by the U.S. IN² is guided by a mission to foster innovation and increase market adoption of cleantechnologies to address urgent climate challenges.
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.
As part of the CCP, Hon is overseeing the rollout this fall of a new mentorship program and is also leading the development of a career blueprint program, which will help workers break down the transition into small achievable steps. . One key question that oil and gas workers ask: are wages commensurate in the renewable energy sector?
These are essential for building wind turbines, EVs, advanced semiconductors, and virtually all other cleantechnologies, which countries need to transition their economies away from fossil fuels to net zero emissions by 2050. As trade tensions over cleantechnologies intensify between China and the U.S.
In this Q&A, EY’s Ben Taylor highlights the developments most likely to shape and accelerate the net zero transition, as well as the climate-related investment strategies of asset owners and managers. ESG Investor: What are the implications of the outcome on climate finance? At EY, we forecast that £3.3 trillion (US$4.2
In addition, the federal government’s Agricultural CleanTechnology Program recently expanded its envelope to $195 million over five years (2021–2026). The federal government is in the midst of developing its next Canadian Agricultural Policy Framework, due in 2023.
At the same time, the global growth of renewable energy and the push to electrify has revealed the extent to which fossil fuel extraction will be replaced in the coming decades by the dramatic growth in the mining of ores like nickel, copper or rare earth elements used in wind turbines and other cleantechnologies.
And in September, Ceres CEO Mindy Lubber published an op-ed on WBUR’s Cognoscenti website, calling on lawmakers to hold a special legislative session to pass the climate bill, as well as economic development legislation that would include $1 billion in cleantechnology investment.
HOUSTON, September 29, 2023 /3BL/ - The Baker Hughes Foundation announced a $100,000 grant to the University of Houston Energy Transition Institute to support environmental justice research and workforce development programs.
A new partnership aims to help develop a residual waste strategy for Scotland and build capacity within the country’s waste management system. The initiative is hosting an event in Edinburgh on 14 November. Andrew Murdoch, Managing Director of J & M Murdoch and Son, and Chair of RMAS, is one of the key figures behind Resourcing Scotland.
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