Hey from Local weather Week in New York Metropolis! It’s that point of 12 months when the local weather world descends on the Massive Apple to work on local weather coverage, have fun progress and freak one another out with how a lot work there may be left to do.
Per common, there’s a slew of stories popping out from the 100 plus occasions scattered throughout town. Right here’s a spherical up of the information and moments that popped out as good-to-knows for company vitality:
Firms have to deal with technique, not measurements, to make a local weather influence.Getting Going, a brand new report from Oliver Wyman and the Local weather Group, makes the case that how an organization contributes to the transition, quite than its personal emissions outcomes, are essential for a change shift. The report echoes a latest article from Bloomberg Green that factors out how firms usually promote carbon-emitting belongings to say the carbon decarbonization numbers — even though the asset continues to be emitting, slightly below new possession.
Renewable vitality will increase vitality safety. Throughout a panel on the opening ceremonies, Australia’s minister for local weather change and vitality Chris Bowen took intention at those that “falsely declare that the present vitality disaster is because of renewable vitality.” Certainly, renewable vitality — with the right infrastructure — provides resilience that isn’t topic to fossil gas provide distinction. Francesco La Digital camera, director-general of the Worldwide Renewable Vitality Company echoed the sentiment, flipping the script on renewable critics who level out that photo voltaic and wind is intermittent. As European nations have seen since Russia’s restriction on fuel imports, “if we have now no fuel, we have now no fuel.”
We’re not headed in the suitable path but. Regardless of the elevated consciousness and commitments to local weather change, Petteri Taalas, secretary-general of the World Meteorological Group, shared harsh truths on the opening ceremony. One stat that jumped out to me: 2022 has already handed the entire emissions of 2019. And there are nonetheless three months left within the 12 months.
RE100, the company clear vitality initiative composed of greater than 380 firms, developed six coverage ‘asks’ to encourage the uptake of renewables — and encourages companies with clear vitality targets to become involved. The ‘asks’ embrace coverage that ensures a degree enjoying discipline between renewables and fossil fuels, removes regulatory obstacles for company renewable electrical energy sourcing, updates electrical energy market buildings to catalyze direct commerce between company consumers, and promotes direct investments in on- and off-site renewable electrical energy tasks.
The utility National Grid unveiled a mannequin to develop a large-scale, clear and fossil-free vitality hub throughout the whole thing of Lengthy Island. The plan consists of photo voltaic, offshore wind, clear hydrogen, battery storage and transmission, in response to the release.