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Key Drivers of the Energy Transition The energy transition is driven by several significant factors, including the critical need to combat climatechange and the economic benefits of renewable energy sources. Combatting climatechange Reducing carbon emissions is at the core of energy transition efforts.
In order for Australia to reach its goal of net zero by 2050, it needs the help of its manufacturing sector, which accounts for 10%of the nations carbon emissions. If you have concrete structures that are absorbing CO 2 from your atmosphere, you want them to last long so you can keep absorbing this CO 2.
The European Commission announced the adoption of its new Clean Industrial Deal State Aid Framework (CISAF), aimed at enabling Member States to provide support for goals including clean energy development, industrial decarbonization and cleantechnology.
The UK Committee on ClimateChange used such an analysis for its net-zero road maps. The biggest factor in the uptake of abatement levers over the years is their scalability: How quickly and successfully did costs drop, allowing a cleantechnology to be widely adopted?
By ensuring both the NDC and 2040 targets are robust, the EU can reap the wide-ranging benefits of clean energy solutions and drive industrial competitiveness, tech innovation, economic prosperity and energy security. What’s next Businesses have already signalled support for the clean energy economy through their investments and actions.
Costs for a lot of those technologies are falling fast. Companies are under pressure from their customers and investors to deal with climatechange. There is no denying that another Trump presidency will stall national efforts to tackle the climate crisis and protect the environment, but most U.S.
As the United States reverses course on climate-change-related energy policies, Canada has a unique opportunity to take the lead on the transition to cleaner energy in North America. Under President Donald Trump, the U.S. government has taken aggressive measures to block renewable-energy development and promote fossil fuels.
The administrations key climate achievements include the passage of the landmark Inflation Reduction Act (IRA) and Bipartisan Infrastructure Law (BIL), which combine to include allocations of nearly $500 billion to climate-focused investments in areas including carbon-free energy, manufacturing and cleantechnologies.
A more assertive stance still allows room for pragmatism, particularly in sectors like clean tech, where German industry remains tightly interwoven with Chinese supply chains and manufacturing ecosystems. Both leaders mentioned climatechange as a key area for cooperation. Education 5. Gender equality 6. Energy 8.
A rule of thumb I’ve been applying for a while is to look at what is succeeding in China in terms of cleantechnology. It tries everything that’s potentially viable domestically and fierce competition weeds out the winners from the losers. And on battery-electric buses vs hydrogen buses, and battery-electric.
For tech companies in Canada, the combination of trade war and Trump’s opposition to action on climatechange can be deadly. At the same time, the Liberal government has been slow to finalize tax credits meant to spur investment in cleantechnologies.
By unleashing hundreds of billions of dollars in private investment to build and deploy cleantechnologies and infrastructure, the IRA has proven itself as an anchor for the US manufacturing renaissance, a motor for U.S. competitiveness and energy security, and a crucial tool to lower costs for families and businesses.
In Ontario and Alberta, significant policy reversals in recent years have weakened the business case for emerging clean-tech firms, which need major local customers to commercialize and scale up their technology. . But the government plans to rely more heavily on natural-gas-fired power for electricity over the next decade.
To achieve net-zero emissions by 2050 , the Government of Canada has invested billions of dollars in practical efforts to lessen the effects of climatechange and encourage clean economic growth. Thomas and Windsor, Ontario.
The big switch is essential for achieving Canada’s climate goals, helping to stave off the worst of climatechange. The opportunity is clear: rapidly declining technology costs and the growing demand for cleantechnologies mean that Canadians can use clean electricity to power more and more of their energy needs.
Climate spending: funding shortfall FY2015/16–2023/24 “With this report, Corporate Knights has given us a valuable and readable scorecard that highlights federal government initiatives to address climatechange across departments and policy instruments. What was promised? What has been delivered?”
Climate spending: funding shortfall FY2015/16–2023/24 “With this report, Corporate Knights has given us a valuable and readable scorecard that highlights federal government initiatives to address climatechange across departments and policy instruments. What was promised? What has been delivered?”
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.
for putting forward an ambitious, yet fully achievable, NDC that will position the country to capitalize on the private-sector momentum to build and deploy affordable, reliable, abundant American-made cleantechnologies and solutions. to maintain its clean energy incentives and broader policy landscape. Ceres applauds the U.S.
billion in investments aimed at helping protect coastal communities and electrical grid infrastructure from the impact of climatechange, in a presentation Monday in Palo Alto, California. Addressing climatechange has been a significant focus for the Biden Administration, starting with the return of the U.S.
As such, Keysight will work with the SBTi to develop approved science-based targets (SBTs) that will enable the company to measure progress in greenhouse gas emissions reduction and ensure targets are consistent with the latest climatechange scenarios. KEYWORDS: NYSE:KEYS, Keysight Technologies, esg.
As countries scramble to secure supplies of the raw materials they need to manufacture wind turbines, batteries and other technologies key to preventing runaway climatechange, this facility run by local startup Cyclic Materials is part of an emerging industry: creating a circular economy for critical energy transition minerals.
In order to keep up with rapid innovation, stakeholder demand for the transition to clean energy, and the urgent need to combat global climatechange, the energy sector must transition significantly. In February of this year, the United States published and committed to the “Strategy to Secure the Clean Energy Transition.”
In line with the Challenge’s advanced technology specifications, these heat pumps will be designed to help organizations meet their energy efficiency needs and decarbonization goals. “As spends approximately $800 billion each year to power buildings, manufacturing plants and homes. According to the DOE , the U.S.
today signed a memorandum of understanding outlining their collective efforts to accelerate the deployment of cleantechnologies such as heat pumps in new and existing homes. Smith, Carrier, IKEA, Johnson Controls, JLL, Lutron, Schneider Electric, Sealed, Siemens, Trane Technologies, and others. greenhouse gas emissions.
With more than 165,000 grants already issued, and the rest of the audits and retrofits still in the queue, Greener Homes “has supported over 75,000 jobs in the retrofit economy, ranging from jobs in construction, made-in-Canada manufacturing, home energy auditing, sales, cleantechnology, and financial services,” the department said in a release.
Sustainable drain cleaningtechnology deployed by Lanes Group plc has supported the installation of a ground-breaking ‘super-thin’ source control stormwater attenuation system that has saved the NHS considerable costs during the construction of a new hospital car park, according to the group.
Because of the limits of existing technology, the plan says “removing [road freight] emissions requires the development and deployment of cleantechnologies.”.
The event highlighted efforts and opportunities to grow the state’s economy by addressing sustainability challenges like climatechange, water scarcity, and energy demand. July 10, 2024 /3BL/ - Leaders in Nevada’s public and private sectors convened for the Nevada Sustainability Summit: Upping the Game.
Assessors examine each company’s activities including investment in cleantechnologies, earnings from products aligned with the Corporate Knights Clean Taxonomy, corporate commitments such as Science-Based Targets (SBTs), pay structures, board diversity, and tax payments.
Entrants in the final furlong include an on-demand clothing manufacturingtechnology that eliminates 20 billion unsold garments each year, 100% compostable protective packaging that replaces single use plastic, and an Oxford University spin-out that changes the way valuable metallic resources are mined, refined, recycled, and processed.
But the government has drawn criticism regarding its ability to achieve agreed climate targets – such as a 100% reduction of greenhouse gas emissions by 2050 compared with 1990 levels – even from its own ClimateChange Committee. In May, a High Court ruling ordered it publish a revised net zero strategy.
These provisions represent novel and financially rewarding opportunities for companies to cut their current emissions, which is likely to give rise to changes in those entities’ manufacturing or operating models. Some of these provisions are likely to increase the supply of and demand for companies who directly benefit from the IRA.
The world’s net zero future depends on introducing and upscaling cleantechnologies to neutralise and/or replace the hardest-to-abate CO2 emissions produced by carbon-intensive industries. These include oil refining , as well as steel and cement manufacture, as well as installing infrastructure to directly produce green hydrogen. “We
The 270-page document lays out eight priorities for the shift to a clean economy: electrification, clean energy, cleanmanufacturing, emissions reduction, critical minerals, infrastructure, electric vehicles and batteries, and major projects. million over five years to establish a NATO climate centre in Montreal; • $34.1
In fact, cleantechnology products represented 3.3% Cleantechnology investments often have high upfront capital costs and long payback periods. Governments at all levels should introduce a more comprehensive set of incentives to de-risk business investments in cleantechnology solutions. In August, U.S.
Last fall, an ambitious survey covering 10 countries found that 84% of young people aged 16 to 25 are at least “moderately worried” about climatechange – and 59% are extremely worried. They don’t see the “adults” – in business or government – making any of the hard decisions required to avoid the climate crisis.
At home, we need Congress to swiftly pass a budget reconciliation bill with investments in clean energy manufacturing and deployment to address the threat that climate crisis poses for our economy, national security, and society at large. The clean energy investments in the current reconciliation bill will help the U.S.
President Biden announced more than $6 billion in investments aimed at strengthening climate resilience in the U.S., targeting areas including the electric grid infrastructure, reducing flood risk, advancing drought resistance, and advancing community-level clean energy deployment and climate justice efforts.
The ClimateChange Agreement, under which businesses receive a discount on their energy bills if efficiency targets are met, has been renewed until 2025. Of the more than 18,500 companies disclosing to CDP in 2022, roughly 7,000 said that they engaged their suppliers on climatechange issues. million homes.
One set of actors that are most certainly moving fast are those companies at the forefront of cleantechnology transitions. In contrast to the global stocktake, which focusses on country-level emissions, the Corporate Climate Stocktake examines the pace of clean solutions adoption within economic sectors.
Contours of a new conflictual relation Perhaps the biggest concerns with potentially transformative legislative acts such as the IRA and the NZIA are the protectionist measures they entail which ostensibly seek to expand domestic manufacturing and industry while reducing exposure to foreign suppliers.
They also are more equipped with the vital skills to adapt and be resilient to climatechange when disaster strikes, and to influence how their communities mitigate against it. Opus 12 is addressing climatechange by using carbon emissions to create products traditionally derived from fossil fuels. Carbon removal.
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