Hiya from Local weather Week in New York Metropolis! It’s that point of yr when the local weather world descends on the Large 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 typical, there’s a slew of reports 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 power:
Firms have to give attention to technique, not measurements, to make a local weather affect.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, somewhat than its personal emissions outcomes, are obligatory for a metamorphosis shift. The report echoes a current article from Bloomberg Inexperienced that factors out how firms usually promote carbon-emitting belongings to say the carbon decarbonization numbers — even if the asset continues to be emitting, just below new possession.
Renewable power will increase power safety. Throughout a panel on the opening ceremonies, Australia’s minister for local weather change and power Chris Bowen took intention at those that “falsely declare that the present power disaster is because of renewable power.” Certainly, renewable power — with the correct infrastructure — provides resilience that isn’t topic to fossil gasoline provide distinction. Francesco La Digicam, director-general of the Worldwide Renewable Power Company echoed the sentiment, flipping the script on renewable critics who level out that photo voltaic and wind is intermittent. As European international locations have seen since Russia’s restriction on fuel imports, “if now we have no fuel, now we have no fuel.”
We’re not headed in the appropriate route 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 overall emissions of 2019. And there are nonetheless three months left within the yr.
RE100, the company clear power initiative composed of greater than 380 firms, developed six coverage ‘asks’ to encourage the uptake of renewables — and encourages companies with clear power objectives to get entangled. The ‘asks’ embody coverage that ensures a degree enjoying area between renewables and fossil fuels, removes regulatory obstacles for company renewable electrical energy sourcing, updates electrical energy market constructions 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 power hub throughout the whole thing of Lengthy Island. The plan consists of photo voltaic, offshore wind, clear hydrogen, battery storage and transmission, in accordance with the launch.