Clean Energy Investor Group’s Post

A review into Australia’s transition to net zero emissions has called for a major reorganisation of finance and production systems and workforces, in order to meet the 2050 deadline. In reviewing of the potential technology transition and emissions pathways that best supported the county’s transition to net zero, the Climate Change Authority identified six strategies across six key sectors. Its review stated the pathways involved accelerating deployment of mature zero and low emissions technologies and the rapid development and commercialisation of emerging technologies. However, it stated the transition to net zero involved “much more than each sector moving along technology- based decarbonisation pathways”. “It requires actively managing a major reorganisation of public and private finance, supply chains, production systems, industrial zones, energy sources, infrastructure and workforces within Australia.” The report added it also meant close collaboration between governments, businesses, First Nations people, landholders, communities and households and between Australia and its Pacific neighbours and international trading partners. Climate Change Authority Chair The Hon. Matt Kean said the review considered the pathways for six sectors – agriculture and land; built environment; electricity and energy; industry and waste; transport and resources – to decarbonise, identifying barriers and proposing strategies and actions to address them. Mr Kean said there were many pathways to achieving emissions reductions with existing, mature technologies, such as solar and wind for electricity generation and batteries for energy storage, getting Australia much of the way to net zero. “Opportunities also exist with the rapid development of emerging low-emissions technologies, such as hydrogen and engineered carbon removals.” He said the authority’s review identified six strategies that could be incorporated in the country’s net zero plan. “Suggested actions for the Australian Government include working with local, state and territory governments, businesses, communities and households to build on existing climate change policies, reform development approval processes and address mounting workforce shortages.” https://lnkd.in/gUHD4ivF #climatechange #netzero Sign-up to the free bi-weekly Newsreel newsletter: https://lnkd.in/gDGxznVv #newsreel

【Summary of APAC Climate Action Progress Report by MSCI ESG Research】 The APAC Climate Action Progress Report by MSCI ESG Research examines a wide range of areas includes emissions reporting, climate targets, transition risks and opportunities within the Asia-Pacific region. Although Asia-Pacific economies have experienced significant growth in recent years, this growth has come at a cost. The region is heavily reliant on fossil-fuel-powered generation, accounting for over 40% of global greenhouse gas emissions in 2023. It calls for enhanced corporate accountability through emissions reporting and ambitious climate targets. Governments in the Asia Pacific region have also intensified their regulatory efforts in address climate-related risks. What are the key pillars highlighted in the report regarding the APAC region's progress toward a more sustainable future? In terms of energy transition, is the utility energy mix in the Asia-Pacific region shifting towards renewable energy sources? What strategies can be adopted to enhance the innovation and deployment of clean technologies? Read full article: https://bit.ly/478Cacq #APAC #ClimateAction #ProgressReport #ClimateRisks

The United States, along with other wealthy nations, is spending billions of dollars on climate solutions that many experts consider unproven and ineffective.  Technologies like carbon capture and storage (CCS) and fossil hydrogen have received significant subsidies, but critics argue these investments often fail to deliver on their promises and may even delay the transition away from fossil fuels.  The report highlights that the US has spent around US$12 billion in direct subsidies on these technologies, with fossil fuel companies like Exxon hoping to secure even more funding in the future.  Critics suggest that public money would be better spent on proven solutions such as renewable energy, energy efficiency, and electrification of transport. Proven solutions like renewable energy, energy efficiency, and electrification of transport have shown significant potential in reducing carbon emissions and promoting sustainability.  Investing in these areas provide more immediate and reliable benefits compared to unproven technologies.  Encouraging the adoption of renewable energy can be approached from multiple angles.  They include offering financial incentives for both individuals and businesses to invest in renewable energy systems; and implementing policies that mandate a certain percentage of energy to come from renewable sources.  There must be more investment in infrastructure, such as upgrading the electrical grid to better accommodate renewable energy sources; and investing in technologies like batteries to store renewable energy for use when production is low. Terence Nunis Terence K. J. Nunis, Consultant President, Red Sycamore Global

The United States, along with other wealthy nations, is spending billions of dollars on climate solutions that many experts consider unproven and ineffective.  Technologies like carbon capture and storage (CCS) and fossil hydrogen have received significant subsidies, but critics argue these investments often fail to deliver on their promises and may even delay the transition away from fossil fuels.  The report highlights that the US has spent around US$12 billion in direct subsidies on these technologies, with fossil fuel companies like Exxon hoping to secure even more funding in the future.  Critics suggest that public money would be better spent on proven solutions such as renewable energy, energy efficiency, and electrification of transport. Proven solutions like renewable energy, energy efficiency, and electrification of transport have shown significant potential in reducing carbon emissions and promoting sustainability.  Investing in these areas provide more immediate and reliable benefits compared to unproven technologies.  Encouraging the adoption of renewable energy can be approached from multiple angles.  They include offering financial incentives for both individuals and businesses to invest in renewable energy systems; and implementing policies that mandate a certain percentage of energy to come from renewable sources.  There must be more investment in infrastructure, such as upgrading the electrical grid to better accommodate renewable energy sources; and investing in technologies like batteries to store renewable energy for use when production is low. Terence Nunis Terence K. J. Nunis, Consultant President, Red Sycamore Global

The United States, along with other wealthy nations, is spending billions of dollars on climate solutions that many experts consider unproven and ineffective.  Technologies like carbon capture and storage (CCS) and fossil hydrogen have received significant subsidies, but critics argue these investments often fail to deliver on their promises and may even delay the transition away from fossil fuels.  The report highlights that the US has spent around US$12 billion in direct subsidies on these technologies, with fossil fuel companies like Exxon hoping to secure even more funding in the future.  Critics suggest that public money would be better spent on proven solutions such as renewable energy, energy efficiency, and electrification of transport. Proven solutions like renewable energy, energy efficiency, and electrification of transport have shown significant potential in reducing carbon emissions and promoting sustainability.  Investing in these areas provide more immediate and reliable benefits compared to unproven technologies.  Encouraging the adoption of renewable energy can be approached from multiple angles.  They include offering financial incentives for both individuals and businesses to invest in renewable energy systems; and implementing policies that mandate a certain percentage of energy to come from renewable sources.  There must be more investment in infrastructure, such as upgrading the electrical grid to better accommodate renewable energy sources; and investing in technologies like batteries to store renewable energy for use when production is low. Terence Nunis Terence K. J. Nunis, Consultant President, Red Sycamore Global

🌍 Brief reflections from the Summit of the Future and NY Climate Week. Too hectic, with little time to stop and reflect. But today I had the privilege of attending a fascinating discussion on critical minerals organized by CEBRI - Centro Brasileiro de Relações Internacionais The conversation touched on key topics such as reducing demand for #energy and resources, recycling, human rights, the role of #localcommunities, and #biodiversity protection. #Circularity, #responsiblemining. #Volatility of prices, protectionism... The #geopolitical landscape is shifting, and building #trust through open and transparent dialogue between countries and regions is more critical than ever. We need to move toward new forms of #climategovernance that go beyond climate ministries. Kudos to #IsabellaTeixeira, whose insights are always inspiring! And to all the panellist and particularly to the International Energy Agency (IEA) Today the report "From Taking Stock to Taking Action: How to implement the #COP28 #energygoals" has been launched, and touches upon many of these issues if we want to deliver the SDGs and the Paris Agreement goals (I had the privilege of contributing as a peer reviewer 😎) https://lnkd.in/d3WiHNU5 🌐Looking forward to work with our partners in this important agenda IIED Europe International Institute for Environment and Development (IIED) Green Economy Coalition Alexandre Fernandes Tom Mitchell Dr Lindlyn Tamufor Moma #ChristopheMcGlade Ligia Noronha Emily Olson Tom Moerenhout Lisa Sachs Daniel Abdo Taite McDonald Benjamin Gedan Rafaela Guedes Léa Reichert Siemens Gamesa Vale Columbia Center on Sustainable Investment Institute for Climate and Society Holland & Knight LLP Center on Global Energy Policy Sigma Lithium The Wilson Center #ClimateAction #CriticalMinerals #SustainableFuture #EnergyTransition #Governance #NYClimateWeek #SummitoftheFuture #Brazil

The Science Based Targets initiative (SBTi) is reviewing its net-zero standard! This is a critical development for businesses setting ambitious climate goals. A clearer framework, especially around Scope 3 emissions and carbon offsetting with high-quality carbon credits, will be a game-changer. We are particularly interested to see how the SBTi will evaluate Environmental Attribute Certificates (EACs) and their potential role in corporate net-zero targets. We think the focus on EACs might connect to the upcoming CCP (Carbon Removal Certificates) labels expected mid-year by The Integrity Council for the Voluntary Carbon Market (ICVCM). A robust standard for Scope 3 offsetting will empower businesses to confidently invest in highly credible carbon reduction projects and progress towards net-zero. https://lnkd.in/eqXAiJQW #SBTi #netzero #carbonoffsetting #climateaction #businessemissions #emissions

The calls to action… NDCs only provide for 5% emissions reductions by 2030, far short of the 43% needed. Industrial strategies and sector-specific transition pathways are needed. The total capacity of renewables awaiting permits is five times higher than installed capacity. Grids need to get ready. 30% of key mitigation technologies still face significant cost disadvantages. Supportive policies, incentives, streamlined processes and green public procurement targets to spur the market are needed. https://lnkd.in/epbveMC6

Concerning trend alert: A recent report reveals companies are backtracking on their climate goals. From rising production costs to limited government support, businesses are facing challenges in reducing emissions and embracing renewable energy. Learn more about the complex issues impacting ESG investments and the future of environmental sustainability. #ClimateChange #ESGInvestments #RenewableEnergy #Sustainability. https://lnkd.in/euXgu_ce #SolarPower #RenewableEnergy #GreenTech #SustainableLiving #EcoFriendlyInnovation