The Just Energy Transition Partnership (JTP), a G7-backed funding initiative to help developing nations cut carbon emissions has hit a number of snags around the world.
The agreement reached at COP28 was, in some ways, a milestone, in that for the first time for nearly 30 years, specific mention of fossil fuels has been made.
The COP28 talks have been the first to directly mention fossil fuel usage in a global climate agreement. However, countries have been wrangling over the text of this agreement.
Many electric utility operators are already taking measures to establish resilient networks capable of withstanding the impacts of climate change. Research indicates that every dollar invested in building resilient infrastructure saves six dollars in future repair costs, making it a beneficial long-term investment. So what are the key steps utilities can take?
Adrian McNulty, VP Utility Solutions, IQGeo
To achieve net zero, significant, concerted, coordinated and balanced investment is a critical must-have.
By Jonathan Hick, Investment Director at Triple Point Investment Management, and fund manager of the Triple Point Energy Transition plc – TENT
The British government has confirmed its commitment to integrating nature into economic and fiscal decision-making, but progress is slow. A significant step in this regard was recently taken with publishing of the first set of quarterly greenhouse gas emissions and environmental statistics.
By Alistair Taylor, Trainee Solicitor at Browne Jacobson
While the UK has already announced initiatives aimed at combatting climate change, it needs to do more. There needs to be increased focus on creating solutions that will help the country play its part in lowering global carbon emissions, while navigating the energy crisis.
By Simon Daniel, Founder, Moixa
The Organisation for Economic Cooperation and Development (OECD) has announced it will end export credit support for unabated coal-fired power plants.
The benefits of quantum computing in combatting climate change are clear and compelling. Quantum computing could solve many of the problems facing technologies such as batteries, electrolysers and carbon capture and storage.
By Steve Brierley, CEO of Riverlane
US clean energy firm 8 Rivers Capital, acting through its UK subsidiary Zero Degrees Whitetail Development (ZDW), and Sembcorp Energy UK (SEUK), part of Singapore-based Sembcorp Industries, have signed a collaborative agreement to develop the UK’s first net zero emissions power plant.