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But with sustainability, there are reasons to be more forthcoming. Private companies are increasingly eager to report on their environmental, social and governance (ESG) performance and their sustainabilityinvestments amid the publics growing appetite for companies that are trying to be good corporate citizens. 7 BGIS Canada 3.6%
Concerned about this concentration, Western countries are actively seeking ways to diversify their supplychains and reduce their dependence on Beijing. Emerging recycling technologies offer a sustainable way to shore up the supplies the world needs and reduce pressure to expand mining. million motors for EVs.
Key risks and opportunities include: Increased frequency and severity of storms, floods, and heatwaves that can disrupt supplychains, damage infrastructure, and impact workforce availability. This scenario includes increased investment in cleantechnologies such as renewable energy, electric vehicles, and sustainable infrastructure.
To meet the growing demand for sustainability, it’s not just about adopting cleantechnologies; it’s about embedding a culture of sustainability into every facet of an organisation. In Australia, examples abound of companies successfully integrating cleantechnologies.
For example, Bristol City Leap – Bristol Council’s energy investment programme – is planning £7 million worth of public investment in decarbonising the city. It also plans to bring in £424 million during the first five years of a 20-year partnership with Ameresco , an independent US cleantechnology integrator.
Providing hundreds of billions of dollars in subsidies to cleantechnologies, it was the biggest climate law in the country’s history, flexing America’s financial muscle in a way that Europe would struggle to compete with – much to the ire of some of its leaders, the most vocal of whom was France’s President Emmanuel Macron.
Reducing these emissions has required governments to introduce electric vehicle incentives, companies to set manufacturing targets and consumers to factor sustainability into their transportation decisions – positioning EVs as the cleantechnology that will dominate the future of transport. per litre respectively in July 2022.
The key is for the EU to distinguish between these two actions: simplifications that will help companies continue to build competitive advantage based on sustainableinvestments, and deregulation that will favour laggards. But while simplifying implementation is important, it should not justify rolling back core regulations.
billion in developing its US solar supplychain, opening a second plant in Georgia, raising its total annual solar panel production capacity to 8.4 US-based FirstSolar is investing US$1.2 gigawatts (GW) by 2024.
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