Haim Ptasznik’s Post

No mention of #fossilfuel phase-out in #COP29 informal agenda... Well now, this is a bummer 😦. I do hope the agenda will change in time... #ESG #Sustainability #carbon #climatechange #emission #cleanenergy #green #energytransition #LNG #renewables

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

Interesting read for our stakeholders about the latest #EU #climatepolicy evolutions : "Twice the work in half the time: EU calls for 90% cut of #GHG emissions by 2040..." The power sector should approach full #decarbonisation in the second half of the 2030s, and reach it by 2040, according to the Commission. #Renewables, complemented by #nuclearenergy, should generate over 90% of the EU’s #electricity by this date. The rollout of low-carbon electricity would be accompanied by an 80% reduction in the consumption of fossil fuels for energy, including a phase-out of coal and an effective phase-out of unabated gas power by 2040. #eu #netzero #climatepolicy #co2logic #southpole Mathieu Cribellier Eric Dierckx Fanny De Cannière Herman Noppen Jan Janssen Carlos Garcia-Borreguero Lizzy van hoof

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

From offshore wind to green hydrogen, Ireland has golden opportunities to accelerate its energy transition. Explore how in David McGee's latest article in The Irish Times.

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

🌍 ASIA & ASEAN at COP29: Leading the Charge on Climate Finance and Action 🌱 As COP29 approaches, Asia—particularly ASEAN—is positioned to play a pivotal role in the global fight against climate change. With rising climate risks and the need for sustainable development, here’s how ASEAN and Asia can contribute: 🔹 ADVOCATING FOR CLIMATE FINANCE: ASEAN will push for the fulfillment of financial commitments from developed countries, ensuring climate finance is accessible for vulnerable nations in Southeast Asia. 💰🌍 🔹 ACCELERATING TECHNOLOGY TRANSFER: ASEAN seeks enhanced international cooperation to develop and share zero- and low-emission technologies, which are critical to transitioning to a low-carbon economy. 🔋💡 🔹 PROMOTING INNOVATIVE FINANCING: ASEAN calls for innovative mechanisms—such as green bonds and public-private partnerships—to mobilize funds for climate action, resilience, and adaptation efforts. 🏗️📊 🔹 STRENGTHENING REGIONAL COLLABORATION: By working together, ASEAN countries can pool resources and share best practices, setting a powerful example for other regions. 🌱🤝 🔹 SHAPING THE FUTURE OF CLIMATE FINANCE: Asia’s leadership in green investments and contributions to global climate finance goals will be crucial in ensuring a sustainable future for all. 🌿💼 By joining forces with the world, ASEAN and Asia can lead the way in creating a sustainable, climate-resilient future. Let’s make COP29 a turning point! 🌎🌍 More: https://cop29.az/en/home #COP29 #ASEAN #ClimateAction #ClimateFinance #Sustainability #Innovation #GreenEconomy #LeongSee

From offshore wind to green hydrogen, Ireland has golden opportunities to accelerate its energy transition. Explore how in David McGee's latest article in The Irish Times.

Five key takeaways from COP28: Having taken place last year from 30th November to 12th December 2023, the UN’s 28th Conference of Parties – or COP28 – offered a chance for global acceleration in renewable energy adoption and the reduction... #gasworld #industrialgas