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The capital investment needed to decarbonize the Canadian economy was first estimated by Corporate Knights at about $150 billion per year, and the federal government and others have since corroborated that finding. This “decarbonization capex (capital expenditure) gap” is the focus of the Climate Dollars research project at Corporate Knights.
All of these represent the surest pathways toward decarbonizing the global economy, and all are ramping up to meet the commitments by governments to align with the goals of the Paris climate agreement. Not to mention the growing number of smartbuildings, vehicles and other devices that can communicate directly with the grid.
Real estate technology-focused venture capital firm Fifth Wall announced today the $500 million close of its inaugural Climate Fund, aimed at investing in solutions to decarbonize the global real estate industry. The post Fifth Wall Raises $500 Million for Real Estate Decarbonization Venture Fund appeared first on ESG Today.
of Energy is backing 10 energy efficiency pilot p rojects that aim to transform thousands of homes and workplaces into resilient smartbuildings. DOE is providing $61 million for the "Connected Communities" program, which will equip buildings with smart controls, sensors, and analytics to reduce energy use, costs, and emissions.
As part of this commitment, CBRE signed The Climate Pledge , a cross-sector community of companies and organizations working together to address the climate crisis and solve the challenges of decarbonizing our economy and realize net zero carbon emissions by 2040. nancing firm for building owners and occupiers. Advancing Net Zero.
The announcement marks Measurabl’s second acquisition this year, including the firm’s purchase in April of decarbonization-focused smartbuilding platform provider Hatch Data. The platform was acquired by real estate-focused cloud business management solutions provider AppFolio in 2020.
April 23, 2024 /3BL/ - Trane ® - by Trane Technologies (NYSE: TT), a global climate innovator - has received the Top Project of the Year Award for Energy Innovation in the 2024 Environment + Energy Leader (E+E Leader) Award program for its decarbonization-focused program with the State of New Mexico. DAVIDSON, N.C.,
The launch follows a $50 million capital raise by Measurabl last September, with proceeds from the financing aimed at accelerating the expansion of the company’s platform and supporting the launch of new services to meet rapidly growing global demand for sustainability and decarbonization tools.
Since completing the prior round, the company has acquired companies including utility data automation and residential real estate software platform WegoWise , and decarbonization-focused smartbuilding platform provider Hatch Data.
Not only is the quick and efficient transition to decarbonized economies best for our planet, but it provides a once-in-a-lifetime business opportunity. Understanding the interoperability of a building’s systems allows for energy-optimized and sustainable outcomes at scale. View original content here. . .
We identified a major gap in how businesses are applying digitalization to realize decarbonization goals and this research is a wakeup call, shedding light on the opportunities for businesses to focus investments and make a bigger impact,” said Aravind Yarlagadda, executive vice president and chief digital officer at Eaton.
Firstly, to rapidly decarbonize as a sector – something that Ericsson is supporting via our ambition. The Telco industry is rapidly decarbonizing. The first is to rapidly decarbonize as a sector, and that is something that we are supporting through our ambition. It’s by using smart, connected technology. The takeaway.
Not only is the quick and efficient transition to decarbonized economies best for our planet, but it provides a once-in-a-lifetime business opportunity. Understanding the interoperability of a building’s systems allows for energy-optimized and sustainable outcomes at scale.
Increasing the energy efficiency of our products and solutions and decarbonizing the grid are our top priorities – for Cisco and for our customers. In future blogs, look for a progress report on our engineering sustainability focus, including smartbuildings, sustainable data centers and offers that will reduce GHG emissions.
Since my 30 Under 30 nomination, I have shifted roles and am now working on deep decarbonization a little closer to home. I have joined RMI's Building Electrification program, which is focused on eliminating fossil fuels in buildings. SmartBuildings and Energy Analytics Lead, Lockheed Martin; Washington, D.C.
Leading companies are showing what can be done to shift to sustainable aviation fuels or working together in initiatives like the Getting to Zero Coalition to decarbonize shipping and other sectors. . Progress is being made in other hard-to-abate sectors too, thanks to Mission Possible Partnership , First Movers Coalition and others.
In fact, the countries most vulnerable to Putin’s economic aggression are doubling down on a more aggressive decarbonization agenda – not only or even primarily to avert climate disaster, but because they now see the shift off carbon as a cornerstone for their geopolitical security. . Getting motivated.
The Biden administration on Wednesday announced the launch of the Climate SmartBuildings Initiative, a new government-wide program aimed at modernizing federal buildings through public-private partnerships, driving significant reductions in greenhouse gas (GHG) emissions from the government’s existing building stock.
And they'll highlight how cheaper renewables and smarter technology will help as society shifts towards electric transportation and smartbuildings. That's why each week on the podcast, we'll feature how someone is building healthy spaces in their organization or community. [00:18:31] So that's the new world we live in.
HVAC and climate control solutions company Trane Technologies announced that it has signed a definitive agreement to acquire BrainBox AI, which has developed an artificial intelligence and cloud-based building systems optimization tool aimed at helping building owners to accelerate decarbonization and reduce energy consumption.
Fifteen of the Future 50 companies produce sustainable consumer and business products – including seven companies involved in plant-based foods and three building electric vehicles domestically. And according to Victoria-based Audette Analytics, the sector “is far behind on the road to decarbonization.”
“And considering we spend 90% of our lives indoors, it is imperative that our buildings protect, support and enhance our health, such as providing clean air to breathe and clean water to drink.” Our own Rachel Hodgdon led the lively conversation with Eran Chen of ODA, Emily Watkins of the Instant Group, George R.
“The [energy] crisis makes it clear that decarbonization, the energy transition, and the expansion of infrastructure must be massively accelerated,” CEO Leonhard Birnbaum said. A Net Zero Europe Platform will also be set up to help member states establish new industrial partnerships focused on decarbonization.
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