Good day from Local weather Week in New York Metropolis! It’s that point of 12 months when the local weather world descends on the Massive Apple to work on local weather coverage, rejoice progress and freak one another out with how a lot work there may be left to do.
Per normal, there’s a slew of reports popping out from the 100 plus occasions scattered throughout town. Right here’s a spherical up of the information and moments that popped out as good-to-knows for company power:
Corporations have to concentrate on 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 needed for a metamorphosis shift. The report echoes a current article from Bloomberg Inexperienced that factors out how corporations typically promote carbon-emitting belongings to say the carbon decarbonization numbers — although the asset remains to be emitting, slightly 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 goal 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 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 fuel imports, “if we have now no fuel, we have now no fuel.”
We’re not headed in the proper 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 whole emissions of 2019. And there are nonetheless three months left within the 12 months.
RE100, the company clear power initiative composed of greater than 380 corporations, 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 stage taking part in discipline between renewables and fossil fuels, removes regulatory limitations for company renewable electrical energy sourcing, updates electrical energy market buildings to catalyze direct commerce between company consumers, 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 everything of Lengthy Island. The plan contains photo voltaic, offshore wind, clear hydrogen, battery storage and transmission, in accordance with the launch.