Green Digest’s Post

At #COP29, UNEZA’s Leadership Meeting highlighted decisive actions to shape a sustainable energy future. With a collective commitment to reach net-zero emissions by 2050, UNEZA is leading this transformation with annual investments of more than $116 billion to expand renewable capacity by 2.6 times by 2030. As the co-chair of the alliance, TAQA, together with other UNEZA members, is advancing cooperation under a high-level statement focused on building a resilient and diverse clean energy technology supply chain. UNEZA has endorsed and is actively implementing the COP29 Global Energy Storage and Grids Pledge, alongside the COP29 Green Energy Pledge to establish Green Energy Zones and Corridors. Together, these initiatives reflect UNEZA’s dedication to driving a global transition toward a cleaner, more resilient energy system. Read more: https://lnkd.in/gQHjXjmV #TAQA #PoweringaThrivingFuture International Renewable Energy Agency (IRENA) High-Level Climate Champions

The calls to action… NDCs only provide for 5% emissions reductions by 2030, far short of the 43% needed. Industrial strategies and sector-specific transition pathways are needed. The total capacity of renewables awaiting permits is five times higher than installed capacity. Grids need to get ready. 30% of key mitigation technologies still face significant cost disadvantages. Supportive policies, incentives, streamlined processes and green public procurement targets to spur the market are needed. https://lnkd.in/epbveMC6

The GGC recognises that the crux of energy transition lies in exploring new initiatives such as carbon offsets and credits, beyond embracing cutting-edge technologies like renewables, carbon capture and green hydrogen. Read this article to find out how the GCC is fast-tracking the development of innovative carbon removal strategies through a robust carbon market: https://lnkd.in/dsYhRwqt #innovation #carboncredits #carbonneutrality #carbonmarkets #sustainability

Transitioning to new renewable energy sources is more important now than ever, so why is the EU slashing its funding so dramatically? On 1st Feb, EU leaders agreed to cut back over €10bn in development and climate investments and this article from euronews.green, explores the impact this could have, whilst outlining some of the key strategies that need to be implemented to hit some of their Decarbonisation targets by 2040. You can read the full article here; https://lnkd.in/eTdgK4eR Let me know what you think! How will the EU manage the energy transition and what impacts do you think these strategies will have? #decarbonisation #eu #energyindustry

🇲🇾 Malaysia aiming high on climate goals! 📉 45% carbon reduction target by 2030 ♻️ Focus on renewables, sustainable investment & collaboration ➡️ Challenges: building renewable capacity, just transition & balancing priorities ✅ Strong ESG framework & private sector action needed Let's support Malaysia's green future! Read here for a deeper dive ☕ #ClimateAction #Sustainability

Mind the Climate Finance Gap - Platforms Plugging the Mid-Sized Project Hole This piece highlights a potential blindspot in financing the renewable energy transition—the gap in funding for mid-sized projects under $250 million. With most government and institutional capital flowing to larger or smaller deals, this mid-market segment is overlooked. Yet scaling renewables demands mobilizing projects across a range of sizes. This is where digital investment platforms promising to connect vetted decarbonization initiatives with specialized funding partners and service providers could accelerate progress. By shining a spotlight on bankable mid-tier opportunities like hydrogen, carbon capture, or waste-to-energy plants, matchmaking networks help mobilize currently untapped private investment capital. Reducing friction and fragmentation simultaneously scales funding AND expertise for projects essential to slashing emissions globally. That, in turn, lowers costs through healthy competition. I love clever niche solutions that reveal overlooked leverage points for systems-level transformation. What other climate finance obstacles might dissipate if we connected the right stakeholders? Let's discuss... #cleanenergy #financing #taxcredit #ira #solar #climate https://lnkd.in/g3wn7x8Q

As a leader in our industry, we are taking climate action. We’re dedicated to delivering solutions that not only advance our customers’ climate ambitions but also support society’s transition to a lower carbon world. In our 2023 Sustainability Report, “Everyday Sustainability,” we describe our performance against our goals, including our goal to secure at least 50% of our procured electricity from renewable sources by 2030. We’re excited to announce that, as of December 2023, we have executed Power Purchase Agreements (PPAs) representing almost 90% of our 2030 target. Read the full report: http://spr.ly/6046j8EJA #EverydaySustainability #LYBSR2023 #ClimateAction

🚨Just dove into the COP28 commitments where 198 nations are stepping up to meet Paris Agreement goals. They're aiming big - to triple renewable energy and double energy efficiency by 2030. Our latest analysis looks into the tech patents and energy mixes that could shape our sustainable future. Exciting to see where this could lead to green tech investment. https://lnkd.in/gA6vKrHB

Policies such as the EU Carbon Borders Adjustment Mechanism (#CBAM), Corporate Sustainability Reporting Directive (#CSRD), and UK Government grants and incentives for green technologies, will help drive the UK #EnergyTransition.   But what low carbon technologies should we focus on? What sectors need to decarbonise the most?   Check out our web page that charts the UK #EnergyTransition journey so far. It’s full of charts and stats that look at where we’ve reduced emissions in the energy system, where we already use low carbon energy, and what we still need to do.   Click to view web page: https://deloi.tt/3SrcPES   #Decarbonisation  

Europe's proactive carbon pricing is leading to a greener future, with a 15.5% drop in emissions in 2023 alone. As renewable energy gains momentum and policies tighten, the EU is on track to reduce overall emissions by 88% by 2040. #Sustainability #ClimateAction #RenewableEnergy https://lnkd.in/dpSyER6M