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It's not necessarily that the game of musical chairs has intensified in the C-suite, but you'll note major executive moves at big apparel, food, energy, finance and technology corporations, some of which have enlisted a chief sustainability officer (CSO) or equivalent for the first time.
Analysis by E3G and Global EnergyMonitor calculates pipeline for pre-construction coal plants has plummeted 76 per cent since 2015. Moreover, it claims a further 16 countries only have one new coal power plant each in development, putting them just "one project away from a future without coal".
The first few days of COP have ushered in a wave of major announcements and funding pledges. In deals, major funding includes $116M for hydrogen-powered aviation, $44M for sustainability software, and $75M in project finance investment for SAFs. Happy Monday! And happy COPing to those on the ground in Dubai!
UK government insists it is on track to deliver crucial UN Climate Summit in November as planned. In the UK, most events and gatherings planned for the coming months have been cancelled or postponed in the immediate term, and the latest advice from the government is that "large gatherings should not take place".
Pressure grows on the government to ramp up net zero policies and diplomatic efforts ahead of COP26. Before we host the world at COP 26 in November, the UK must get its house in order, and go further and faster to reach net zero as soon as possible," the letter states. "In
"Some government and business leaders are saying one thing - but doing another. But high-emitting governments and corporations are not just turning a blind eye; they are adding fuel to the flames. But high-emitting governments and corporations are not just turning a blind eye; they are adding fuel to the flames.
It’s not necessarily that the game of musical chairs has intensified in the C-suite, but you’ll note major executive moves at big apparel, food, energy, finance and technology corporations, some of which have enlisted a chief sustainability officer (CSO) or equivalent for the first time.
In deals, $900m for pulsed magnetic inertial fusion, $100m for energy efficiency as a service, and $70m for AI precision weed control. By 2030, it aims to produce 75,000 to 100,000 tons of Lithium Carbonate Equivalent (LCE), the refined product used in batteries, enough to power 1m EVs.
In deals, $90m for animal-free dairy, $50m for fusion, and $30m for resi solar and storage. Fortescue unveiled a green ammonia dual-fuel ship at COP. Saudi Arabian ACWA Power outlined a $4bn green hydrogen and ammonia facility in Egypt that could produce up to 600,000 tons of green ammonia per year.
As such, in 2022 81% of S&P 500 companies reported their own emissions (scope 1), and the emissions of the electricity they bought (scope 2). Since the convention’s establishment, the countries involved meet annually during the Conference of the Parties (COP). 30 years later came COP 26 (2021) – held in Glasgow.
At the UN's recent COP 26, over 140 world leaders promised to end deforestation by 2030, pledging over $19bn to do so. Stopping deforestation does not happen in government offices. Local communities receive 25 per cent of the proceeds, while the government collects taxes of $0.50 To limit the global temperature rise to 1.5
As an adjunct professor at Columbia University and Johns Hopkins University, he finds it deeply rewarding to guide the next generation of renewable energy finance leaders. As an adjunct professor at Columbia University and Johns Hopkins University, he finds it deeply rewarding to guide the next generation of renewable energy finance leaders.
Blanton, a Senior Research Scholar at the Center on Global Energy Policy , and Ben Ratner, Associate Vice President at EDF. For all the attention to corporate net zero by 2050 commitments, the reality is that actions in this decade will be decisive for both the planet’s warming trajectory and energy firms’ viability in the energy transition.
Do the next best thing and read our COP reflections. The pledge also calls on international banks to include nuclear in energy lending policies to help finance project-killing infrastructure expenditures. Nuclear is having its moment in the sun. Post-Fukushima, the country pledged to phase out all atomic power.
We’ve just returned from Texas, where CERAWeek — the "Super Bowl of Energy" — brought together the biggest players in oil, gas, finance, and policy. In deals, $40m in specialty chemicals manufacturing, $28m in direct air carbon capture, and $28m in grid power storage. Full transcript here.)
Late last month Swedish campaigner Greta Thunberg's offered an inimitable assessment of the climate talks to date, dismissing them as "blah, blah, blah", as she again decried the failure of governments to actually curb global emissions. With just a few days to go until COP26 kicks off, her pessimism is widely shared. is closing fast.
Energy under the hood. From DAC to eSAFs some climate technologies can’t help but consume a lot of energy, making sharp price falls hard to see. Nuclear fission and fusion energy top the watch list. Shayle Kann , Energy Impact Partners: Yes. Uncertainty for the IRA. Our experts were split.
Amid all the chaos, we almost forgot it’s COP this week.) To help you make sense of it all, we’ve got a deep dive into the impact of the newly elected US government on climate tech. In deals, $552m in renewable energy development, $340m in battery cell manufacturing, and $27m in mobile energy storage.
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