Peak Governance Business Advisors’ Post

The Climate Emergency – Two Countries Compared Spain has doubled it’s renewable energy source since 2008, due to significant investment in infrastructure and reduced demand from consumers. Solar energy capacity has increased by a factor of eight since 2008. That is generally good news, although reduction in prices to consumers may have a negative impact on investment by large energy companies. Overall though it appears to be positive. https://lnkd.in/eKTryWf8 Meanwhile in Scotland, the government has missed yet another annual target (ditto the rest of the UK) and abandoned the annual reporting cycle. Infrastructure investment is nowhere close to what is required if Net Zero is to be achieved by 2045, and domestic transport emissions continue to increase. https://lnkd.in/e5ZTr6DF Why is Scotland so far behind? The political will is not focussed on climate change and the impacts appear to be ignored. I would really like to hear the views of our LinkedIn community about this, including any thoughts about how the potential cataclysmic outcome can be avoided. If you want to learn more about climate change and discover how you can make a difference, visit www.peakgovernance.co.uk and register for one of our Carbon Literacy courses, accredited by The Carbon Literacy Project. #ClimateChange #CarbonLiteracy #Sustainability #EnvironmentalImpact #Training #Leadership #CarbonLiteracyProject

The Climate Change Authority last week released its annual assessment of Australia’s progress on cutting emissions. It contains this startling sentence: "Australia is currently deploying renewable energy infrastructure at about half the annual rate needed to reach Australia’s 2030 target." 🐌 The report projects Australia will fall 8GW short of the 33GW in new renewable capacity needed to reach the 2030 target. This gap represents $18 billion of additional investment. Yet financial commitments for new large scale generation 𝗳𝗲𝗹𝗹 from $6.5 billion in 2022 to $1.5 billion in 2023. This slow-down has been blamed on grid constraints, planning and approval processes, higher costs and tighter supply chains. The Authority says the solution is to "substantially accelerate and broaden" the Capacity Investment Scheme, the main vehicle for stimulating renewables investment in Australia. Seems like good advice. Read the full CCA report: https://lnkd.in/e2fJekdY

According to a new report by the Sustainable Energy Authority of Ireland, energy-related emissions in Ireland decreased last year to their lowest level in three decades, but the rate of decline is insufficient to fulfil climate targets. Read more on energy emissions fall to lowest level in 30 years: https://lnkd.in/ds4NA2AR #energy #energyemissions #seai

South Australia’s new climate bill will legally require the state to generate enough renewable energy to cover all of its annual electricity needs from 2027. The Climate Change and Greenhouse Emissions Reductions (Targets) Amendment Bill will obligate the state to slash its greenhouse gas emissions by 60% by 2030, compared to 2005 levels, and to reach net zero by 2050. Home to the city of Adelaide, South Australia has already more than halved its emissions since 2005 thanks to a rapid shift to wind, solar, and  battery technologies, which now meet around 70% of its annual power needs. The state is a leader in rooftop solar adoption, with one in every two homes having their own systems. In the week to Monday, 2 September 2024 — the last of winter — South Australia offered a glimpse of its future. Renewable generation exceeded the state’s electricity needs by 5%, with the excess exported to neighbouring states. https://lnkd.in/dA6pkRsV

‘Inadequate energy storage policy puts Ireland’s renewable targets at risk.’ Policy gaps and financial disincentives in Ireland are hindering long duration energy storage development, according to a new report. Climate Change Advisory Council Ireland #energystorage #netzero #sustainability #sustainablefuture #lowcarbon #climatechange #climatecrisis #climatesolutions #climatetechnology

Climate, Energy, and Environment Ministers from the Group of Seven (G7) nations convened in Torino, Italy, reaffirming their collective determination to uphold the commitments outlined in the #ParisAgreement on #climatechange and the 2030 Agenda for Sustainable Development.  Bruce Douglas Global Renewables Alliance #solarenergy #renewableenergy #EnergeticaIndia

South Australia’s new climate bill will legally require the state to generate enough renewable energy to cover all of its annual electricity needs from 2027. The Climate Change and Greenhouse Emissions Reductions (Targets) Amendment Bill will obligate the state to slash its greenhouse gas emissions by 60% by 2030, compared to 2005 levels, and to reach net zero by 2050. Home to the city of Adelaide, South Australia has already more than halved its emissions since 2005 thanks to a rapid shift to wind, solar, and battery technologies, which now meet around 70% of its annual power needs. The state is a leader in rooftop solar adoption, with one in every two homes having their own systems. In the week to Monday, 2 September 2024 — the last of winter — South Australia offered a glimpse of its future. Renewable generation exceeded the state’s electricity needs by 5%, with the excess exported to neighbouring states.

Climate action has become a popular topic in the renewable energy industry. Have you ever wondered why?   It’s because power generation using fossil fuels accounts for the lion’s share of greenhouse gas emissions, which contribute to climate change. Consequently, generating renewable energy produces much lower emissions than burning fossil fuels. As the world looks to reduce carbon emissions to the envisaged 1.5 percent by 2050, renewable energy becomes a critical game changer. It is estimated that reduction of pollution and climate impacts could save the world up to $4.2trillion per year by 2030.   Energy holds the key to avert a climate crisis and therefore the need for urgent, bold measures to accelerate the market-uptake of energy efficient and renewable energy solutions and with it, a just transition.   We are immensely proud that the solar power projects we are financing in underserved and off-grid communities across Africa offer the twin benefit of contributing towards ending energy poverty and reducing emissions. In this way, we are playing our part in preserving and maintaining the earth as a liveable planet.   #FinancingEnergyProsperity #CleanEnergy #Sustainability #SustainableEnergy #minigrid #offgridsolar #energyaccess #SustainableDevelopment #SolarPower #SolarEnergy #SolarPanels  

Australia and the UK have signed a groundbreaking Climate and Energy Partnership to supercharge renewable energy markets and lead the global clean energy transition. This partnership replaces the 2021 technology agreement, reflecting an increased level of ambition and commitment from both nations to tackle climate change and drive sustainable growth. At the heart of this collaboration is a focus on net zero technology cooperation. Together, Australia and the UK will develop and invest in cutting-edge renewable energy technologies such as hydrogen, offshore wind, energy storage, and clean transport. A key goal is establishing common standards for these innovations, enabling their efficient adoption worldwide. This has the potential to reduce costs, streamline implementation, and create a more robust global renewable energy market. The partnership also prioritises international climate cooperation by coordinating global efforts through platforms like the G20, the International Energy Agency (IEA), and the UN Climate Change. By aligning strategies under the Paris Agreement, both nations aim to strengthen their domestic economies and inspire other countries to follow suit, creating a ripple effect of climate action across the globe. With the vast potential for offshore wind projects, Australia can leverage UK expertise in this sector to accelerate development, attract investment, and establish itself as a leader in clean energy. The economic benefits are equally compelling, with opportunities to create green jobs, enhance energy security, and build a resilient, future-focused economy. What is your take on this partnership and its potential to shape the future of renewable energy? #renewableenergy #netzero #offshorewind #cleanenergytransition #globalcollaboration #parisagreement #COP29 #sustainablefuture #windfarm #UKclimateaction #Australia #evoegy

☀️Solar Renaissance Pact🗺️ The commitment towards a competitive European #PV manufacturing industry is strong. Thus, the new European Solar Charter has been signed by 23 EU countries, supported by the European Commission, and led by Tinne Van der Straeten, the Minister of Energy of Belgium. With MEPs and ministers discussing protection measures and the support of bodies such as Climate Action Network (CAN) Europe, the charter sets a decisive path towards a sustainable solar future for Europe. Click below and learn more about it! #solarpower #sustainability #renewableenergy #climateaction #greenjobs #EUphotovoltaicsector