Key Impact Points: Strategic Shift in Leadership to Drive Sustainable Focus Schneider Electric’s board has appointed Olivier Blum as the new CEO, replacing Peter Herweck in a surprise move. The change reflects the board’s desire for rapid progress in sustainable IT, AI readiness, and data center expansion. “The Board of
Key Points: As global leaders convene for the 29th Conference of the Parties (COP 29) in Baku, the spotlight will be on setting a transformative New Collective Quantified Goal (NCQG) for climate finance. This new commitment, starting at a floor of $100 billion per year, aims to empower developing countries
Key Impact Points: Enhancing Resilience for Climate-Vulnerable Communities In a first-of-its-kind move, Lloyd’s has joined forces with the United Nations Capital Development Fund (UNCDF) to introduce a disaster resilience vehicle aimed at delivering critical disaster risk financing to Pacific island nations. This groundbreaking initiative will initially provide protection for communities
Key Impact Points Cleantech Investment Surge Clean energy technology investment in 2024 is forecasted to reach nearly $800 billion, a significant increase from 2023. This momentum is largely driven by solar investments, which will account for 55% of the total spend, while onshore wind follows closely. Battery energy storage and
Key Impact Points: Rising Emissions Undermine Climate Targets The United Nations Environment Programme (UNEP) reports that current global climate policies fall short of the Paris Agreement’s 1.5°C goal. The report states, “1.5°C will be dead within a few years” unless nations increase their commitment to emission reductions. In 2023, global
Key Impact Points: A Turning Point in 2024 In 2024, Bill Gates noted a pivotal moment in the fight against climate change, drawing parallels to his experiences in global health philanthropy in the early 2000s. Back then, the world successfully scaled up vaccines and treatments for preventable diseases, dramatically reducing
Key Impact Points: Powering Safer Births in Guatemala Schneider Electric, a global leader in energy management, has partnered with United Solar Initiative to install microgrids at maternal healthcare clinics in remote regions of Guatemala. The initiative focuses on improving maternal health outcomes by providing consistent energy access, enabling clinics to
Key Takeaways: Microsoft has signed a significant carbon removal deal with Ebb Carbon, committing to an initial removal of 1,333 tons of carbon dioxide and potentially expanding to 350,000 tons over the next decade. This ocean-based carbon removal agreement is part of Microsoft’s broader strategy to become carbon negative by
Key Impact Points: A new survey by Nasdaq offers crucial insights into how companies are adapting their carbon credit strategies to align with net zero goals. The 2024 Global Net Zero Pulse Report highlights shifts in corporate buyer preferences, regulatory challenges, and the growing demand for education on carbon removal
White House Races to Allocate Clean Energy Funds As the end of President Joe Biden’s term nears, his administration is scrambling to secure clean energy funding from the Inflation Reduction Act (IRA) before the possibility of a new administration disrupts progress. With Donald Trump threatening to pull back unspent IRA
