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: Global Gathering for Biodiversity and Sustainability COP16, held in Cali, Colombia, unites representatives from nearly 200 nations, industry leaders, and advocates to address biodiversity. With wildlife populations having plummeted by 69% in the last fifty years, the event emphasizes urgent measures to restore ecological balance. The aim:
Key Impact Points: New Approach to Data Center Construction Microsoft is testing a new way to construct data centers in northern Virginia using “superstrong ultra-lightweight wood“ in place of traditional steel and concrete. This innovation aims to lower the carbon footprint of its facilities, aligning with the company’s goal to
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: Global Adoption of TNFD Framework At COP16 in Cali, Colombia, the Taskforce on Nature-related Financial Disclosures (TNFD) announced that 502 companies and financial institutions have committed to adopting TNFD’s voluntary nature-related risk reporting. This marks a 57% increase since the first announcement in January 2024, signaling significant
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
Key Impact Points: COP16 Begins in Cali, Colombia Global Focus: From October 21 to November 1, 175 countries are gathered in Cali, Colombia, for COP16, aiming to tackle biodiversity loss under the Kunming-Montreal Global Biodiversity Framework. Discussions center on how to finance biodiversity initiatives in developing countries and manage genetic
Key Impact Points: Climate Progress Stalls Despite 2023 marking the hottest year on record, a new study by Boston Consulting Group (BCG) and CO2 AI reveals a slowdown in corporate decarbonization efforts globally. Among nearly 2,000 companies surveyed, only 9% reported comprehensive measurement of Scope 1, 2, and 3 emissions.
