Net Zero Club’s Post

Another day and another investment in technology. Sustainable and carbon neutral strategies are going to be a key tower of growth #greenenergy #technologyinvestment https://lnkd.in/e72gHaGj

How do you or your company work to be more environmentally friendly on a daily basis? #GreenerTogether #LinkedInNewsEurope As COP29 enters its second and final week, the spotlight is on sustainability and climate action. At Pan-European Special Situations Advisory, we’re committed to integrating environmental responsibility into our daily operations and investment strategies. 🌱 Sustainable Investments: We actively support projects that drive positive environmental impact, including renewable energy, low-carbon hydrogen technologies, and bioenergy solutions across Europe. 💡 Carbon Conscious Initiatives: From biomethane production in Australia, Italy, and Spain to advancing microwave-assisted coal gasification and liquid organic hydrogen carriers (LOHC), we focus on pioneering innovations that drive a low-carbon future. 🌍 Green Financing Solutions: Through initiatives like carbon credit system, we’re helping clients align their financial goals with sustainability. 🚀 Reducing Our Footprint: Internally, we champion energy-efficient practices, virtual collaboration, and paperless workflows to minimize emissions. We believe in the power of finance to accelerate climate solutions and are proud to be part of this global dialogue. How is your organization driving sustainability? Let’s exchange ideas and make a difference together!

We have just published our Sustainability Report for 2023! In March, we launched our new strategy complemented with considerably enhanced environmental targets indicating our continued ambition and commitment to climate action and biodiversity. Equally, we continue our focus on the health, safety and wellbeing of our people. Some of our Sustainability highlights for 2023 were: 🌳 Fortum’s direct CO2 emissions decreased by 27%. 🌳 225 MEUR investment decision, as part of a collaboration project with Microsoft, to decarbonise district heating in Finland. 🌳 New operating license granted for Loviisa nuclear power plant until the end of 2050. Our Sustainability Report showcases our progress towards our sustainability goals, including our efforts to reduce carbon emissions, mitigate biodiversity impacts, and drive a diverse and motivating work environment. We understand the urgent need for action on climate change and have increased our ambition to accelerate the transition to a low-carbon future. With this report, we want to demonstrate our commitment to transparency and accountability, and pave the way for a more sustainable and resilient future. Read more about the journey in our full sustainability report ⤵ #Sustainability #climatechange #biodiversity

CCU POLICY | NZIA Published in the EU Official Journal With CCU Listed as a Net Zero Technology On 28 June 2024, the Net Zero Industry Act (NZIA) was published in the Official Journal following its adoption by the Council of the European Union and the European Parliament. This publication means that the NZIA is now officially a law which can be used as a reference and foundation to support the deployment of clean technology, such as Carbon Capture and Utilisation (#CCU), throughout Europe. The new law is about facilitating the manufacturing of components necessary for deploying #netzero technologies. This development indicates that manufacturing components for all CCU projects, i.e., e-fuels; CCU chemicals; or CO₂ mineralisation, can benefit from less burdensome administrative processes, faster permitting and utilising the label of a ‘strategic net zero project­’ at the national level. The NZIA lists net zero technologies, including carbon capture technologies, CO₂ utilisation technologies, RFNBOs and synthetic alternative fuels, to support the EU’s clean-energy transition. CO₂ utilisation is also listed as an eligible strategic net zero technology by national governments, benefiting from additional facilitations. With the NZIA now an official regulation, CO₂ Value Europe calls on all Member States to consider the benefits of CCU technologies in reaching their greenhouse gas emission reduction goals and to include carbon management technologies in their National Energy and Climate Plans. Read the regulation at https://t.ly/hflV1.

In today's rapidly evolving industrial landscape, the urgent need for a #lowcarbon #transition in heavy industries is more pronounced than ever. RMI's latest report, "Financing the Low-Carbon Transition in Heavy Industry," meticulously outlines a strategic roadmap towards achieving a more sustainable and eco-friendly industrial sector, particularly focusing on #China's steel, cement, and petrochemicals industries. These sectors, notorious for their high #carbonfootprint, are pivotal in the global quest for #carbonneutrality, contributing significantly to global #CO2emissions and energy consumption. The transition to low-carbon alternatives in these industries is not just environmentally critical but also #economically viable, thanks to innovative financial instruments and policies fostering #greeninvestments. The report elaborates on various technological pathways and financial mechanisms that can facilitate this monumental shift, emphasizing the importance of #greenfinance in unlocking the #transition. This includes leveraging energy efficiency, adopting renewable energy sources, and investing in carbon capture and storage (CCS) technologies, amongst others. As we stand at the precipice of a potential green industrial revolution, this report serves as a clarion call to businesses, policymakers, and financial institutions alike to embrace and support the transition towards low-carbon industrial practices. The collective efforts in financing and adopting these green technologies not only pave the way for achieving the Paris Agreement's climate goals but also herald a new era of sustainable industrial growth. The time to act is now, to ensure a prosperous and sustainable future for all. Stewart Dodd Maisie Rose Darren Orbart Oliver Nunn José Fernando Martínez Paz Sarvapali (Gopal) Ramchurn Dong Huynh David Lone Iliad Lubis

📢 Applications are now open for net zero technology manufacturing projects to gain Strategic Project status under the Net-Zero Industry Act (NZIA). Becoming a strategic project is key to boosting EU’s net zero industry, enhancing resilience, competitiveness, and driving the scale-up of essential technologies for climate neutrality. Key Benefits of Strategic Project Status: 🔹National ‘priority status’ with faster permitting & rapid administrative treatment 🔹Support from the Net Zero Europe Platform, including financing advice 🔹Simplified environmental assessments & priority in judicial/dispute resolution processes 📌Application Process: ▪ Regular applications - application form here👉 https://lnkd.in/ecdYKm_Q ▪ Simplified process for projects that benefit from the ETS Innovation Fund, Hydrogen Valleys, IPCEI, and more. Written request form here👉https://lnkd.in/e-E2N5TC For full details, check out the Guide for Applicants here👉https://lnkd.in/eMbeAHYT Note: Applications for CCS projects will open later this year. However, projects related to CO₂ transport and CCU can already apply. More info here👉 https://lnkd.in/enFwzHzZ #CCS | #CCU | #CarbonCapture | #NetZero

So agreement was reached last night on the Net Zero Industry Act (#NZIA), which was supposed to be the EU’s bid in the global race for cleantech leadership and resilience. Some takeaways from the sidelines: ➡️ NZIA is a step in the right direction, reflecting a new willingness to take green industrial policy seriously. ➡️ The list of technologies that can be considered “strategic” has been considerably widened, decreasing the #focus of the NZIA and hence the assertiveness of the instrument. ➡️ A one-size fits all approach never made much sense as different technologies (PV, wind, electrolyzers, batteries) have vastly different starting points. While existing supply chain dependencies for most production steps in the PV industry exceed 80%, electrolyzers are today largely “made in Europe”. ➡️ Requiring procurement and competitive bidding for renewables to be based on more than price is positive, but the NZIA provisions contain some caveats weakening their impact. ❔ What now? 👉 Now the work really starts and NZIA must be followed-up with 𝐭𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲-𝐬𝐩𝐞𝐜𝐢𝐟𝐢𝐜 implementing acts reflecting the state of the different industries. Electrolyzer manufacturers have a very strong European footprint. Most of the world’s leading companies are European and they each source from a European supplier base. What we need is a consensus that whenever European taxpayer’s money is supporting green hydrogen, the deployment of European technology and manufacturing needs to be rewarded. The next round of the EU Hydrogen Bank must contain prequalification criteria requiring high standards with regards to quality, sustainability, and European manufacturing. 

🌍 Exciting news in the world of #Sustainability and #Decarbonization! 🌊 Mission Possible Partnership has taken on the #leadership to decarbonize some of the world’s highest-emitting industries within the next decade! 🚀 Formed in 2020, this coalition focuses on accelerating the decarbonization of 7 global industries, representing 30% of global emissions. These industries include Aluminium, Aviation, Cement and Concrete, Chemicals, Shipping, Steel, and Trucking. 🏭 The Partnership boasts an impressive lineup of core partners, including World Economic Forum, Energy Transitions Commission, RMI, and We Mean Business Coalition. With guidance from the International Energy Agency (IEA), they're paving the way for a sustainable #future. 💼 Supported by funders like the Bezos Earth Fund and Breakthrough Energy 🌱 MPP is tapping into the expertise of influential organizations in industrial decarbonization, #finance, and policy development like: Center for Climate-Aligned Finance, Ceres, Inc., the Climate Champions of the UN Climate Change, Global Maritime Forum, Systemiq Ltd., United Nations Environment Programme Finance Initiative (UNEP FI), and WBCSD – World Business Council for Sustainable Development. 🌐 The Partnership builds on the success of the Mission Possible Platform, which launched at the United Nations' Secretary General’s Action Summit in 2019 and has grown from 30 companies in 2019 to over 400 today. 📈 MPP's Global Project Tracker, launched today, reveals that while the heavy industry transition has begun, it needs to accelerate 7x to meet 2030 climate targets. Access tracker here: https://lnkd.in/d5ycawjG Here are some key insights from the tracker: 1. Government policies are crucial in creating demand and bridging the green premium. For example, SAF blending mandates in #Europe and IRA subsidies and DoE grants in the US are making waves. 2. Support for clean #technology deployment is vital for de-risking investment. Exciting initiatives like the Canadian public-private partnership for developing new inert anode technology for aluminum are already making strides. 3. Co-location of projects and enabling infrastructure bring synergies. Initiatives like the Transatlantic Clean Hydrogen Trade Coalition are setting the stage for green import/export infrastructure, while green hydrogen hubs, like the one at the Port of Pecém in Ceará, Brazil, are emerging globally. 🌟 Learn more about MPP's approach, #strategy, and targets here: https://lnkd.in/dXfSTpa2 #data #markets #economics

🌍 New Report Release: Low-Carbon Fuels Exploring the critical role of low-carbon fuels in achieving net-zero emissions and aligning with the goals of the Paris Agreement. As industries and governments accelerate their decarbonization efforts, low-carbon fuels offer a transformative solution to reduce emissions in hard-to-abate sectors. 💡 Whether you’re in energy, transportation, or policymaking, this report will provide actionable guidance to advance your sustainability strategies. Let’s move forward together toward a low-carbon future. #ParisAligned #LowCarbonFuels #Sustainability

Delighted that the Breakthrough Agenda has unveiled an updated set of ‘landscape maps’ that showcase the breadth of initiatives working to create the conditions that will make clean technology more accessible and affordable globally in each of the Breakthrough Agenda sectors.    The Breakthrough Agenda was created by world leaders at COP26 to enhanced international cooperation on clean technology and help keep 1.5°C in reach. It provides a framework for countries, businesses and civil society to join up and strengthen cooperation in key emitting sectors, and support coalitions of leading public, private, and public-private global initiatives that are taking action in key areas including standards and regulation, finance and technical assistance and market creation.    Take a look at the landscape maps to see who is doing what in the power, hydrogen, steel, road transport, buildings or cement sectors, or head to the Breakthrough Agenda website if you want to find out more:  https://lnkd.in/eaNgsAU2   #EnergyTransition #innovation #sustainability #BreakthroughAgenda #climateaction #cleantech Ambition Loop