Supporting the demand for renewable energy
Recently, John D. Powers, Schneider Electric’s Vice-President for global cleantech and renewables, attended the COP27 in Egypt on behalf of the company’s numerous business and industrial clients. Schneider represents more than 60TWh of the world’s demand for renewable energy, which is about equal to half of Egypt’s total electricity demand. Powers contributes to the investigation […]
COP28 President’s call to meet climate goals
Sultan Ahmed al Jaber, the president of the COP28 Climate Summit, promised a “COP of action” in his opening speech, calling for a tripling of clean energy production by 2030 and a doubling of low-carbon hydrogen capacity by the same year. Al Jaber, a minister in the UAE government and the head of the government-owned […]
EV charging companies to offer dynamic pricing
Three of the UK’s top EV charge station providers have switched to dynamic pricing across their public charging networks due to rising electricity prices. GeniePoint, Ubrticity, and Char.gy are all following Tesla in converting to dynamic pricing, according to a new analysis published late last week by research firm Cornwall Insight. Drivers will now be […]
Free power for households near wind farms
In a comprehensive new research, a group of prominent Conservative backbench MPs explores how the UK might address the “energy trilemma” and achieve decarbonization, energy security, and lower costs. The Department for Business, Energy, and Industrial Strategy (BEIS) should be separated into the Department for Business and the Department for Energy, according to the 1922 […]
Taiwan’s central bank to use climate risk data for forecasts
Taiwan’s central bank plans to incorporate climate change risks into its modeling and forecasts for economic growth and inflation. The bank also wants to adapt its monetary policy to promote sustainable development. The bank’s plans on using climate change data for forecasting include: Helping Taiwan achieve net-zero emissions by 2050 Being prepared for a financial […]
World bank to address climate change by seeking more funds
According to a roadmap document sent to shareholder governments, the World Bank wants to bolster its lending capacity to address better climate change and other challenges faced by the international community. The negotiation process could lead to a shift in the bank’s lending model and alter its mission and financial resources. The need to reform […]
Carbon currency could help fight climate change
Carbon currency has the potential to be the catalyst that can drive businesses to finance projects that fight climate change. This idea was put forward by the founder and project director of Global Carbon Reward, Delton Chen. According to him, for too long, domestic politics and international relations have driven policies that impact climate change. […]
Sustainable aviation fuel could lead to net-zero air travel
Sustainable Aviation Fuel (SAF) is seen as the product that can propel the aviation industry into the future of net-zero air travel. Several aviation-related companies, such as Airbus and Rolls-Royce, have conducted trial runs of aircraft powered by cleaner fuel alternatives. The industry has ambitious plans for decarbonization by 2050. Besides SAF, the other options […]
JP Morgan sets emissions targets for industries
American multinational bank JPMorgan Chase & Co. has set targets in an effort to cut emissions tied to its finance and dealmaking in several sectors, including iron and steel, aviation, and the cement sectors. A major funder to the fossil fuel industry, JPMorgan’s climate efforts are keenly watched by investors and campaigners. The emissions targets […]
ISSB sets out Scope 3 reporting standards
In order to help organisations comply with its new Climate-related Disclosures Standard (S2) by disclosing their Scope 3 value chain emissions, the International Sustainability Standards Board (ISSB) has outlined a number of approaches. Incorporating and improving business procedures for measuring and disclosing those Scope 3 greenhouse gas emissions, which can be notoriously difficult to measure, […]
