Hiya from Local weather Week in New York Metropolis! It’s that point of 12 months when the local weather world descends on the Large Apple to work on local weather coverage, have a good time progress and freak one another out with how a lot work there may be left to do.
Per ordinary, there’s a slew of stories popping out from the 100 plus occasions scattered throughout the town. Right here’s a spherical up of the information and moments that popped out as good-to-knows for company vitality:
Corporations have to concentrate on technique, not measurements, to make a local weather impression.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, slightly than its personal emissions outcomes, are essential for a change shift. The report echoes a current article from Bloomberg Inexperienced that factors out how firms typically promote carbon-emitting property to assert the carbon decarbonization numbers — although the asset continues to be emitting, just 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 correct infrastructure — provides resilience that isn’t topic to fossil gas provide distinction. Francesco La Digicam, 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 gasoline imports, “if we have now no gasoline, we have now no gasoline.”
We’re not headed in the appropriate course 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 get entangled. The ‘asks’ embody coverage that ensures a stage enjoying area 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 patrons, and promotes direct investments in on- and off-site renewable electrical energy tasks.
The utility Nationwide 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 line with the launch.
