After a bleak climate change-denying US presidential debate last week, the US Supreme Court also announced another move with potentially major implications on the climate tech market — the revocation of a precedent known as the Chevron Doctrine, which allowed agencies like the EPA, IRS, and more to issue guidance around key issues. In other news: - Fervo Energy’s biggest power purchase agreements ever - Rivian and Volkswagen’s new $5bn deal - And a sustainable aviation fuel (SAF) partnership between LanzaTech and LanzaJet. In deals - $375m for Sila Nanotechnologies, Inc. silicon anodes, - $211m for Eos Energy Enterprises, Inc. energy storage, - $120m for Etched's efficient AI chips. And keep an eye on your inbox for our newsletter this Friday — where we’ll have our special report on funding for the first half of 2024. Follow on for the details 👇 https://lnkd.in/e4QdeSuu
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Interested in a concise breakdown of the SEC's climate disclosure ruling? 👀 Tune in to hear Schneider Electric sustainability experts, Olivia Hill and Priyanka Mandal as they share initial insights on the SEC's climate disclosure rule which was finalized last week. http://spr.ly/6046kPu8k
The SEC’s Milestone Ruling and Key Takeaways | Schneider Electric
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Interesting story from the Financial Times about how industrial policy is impacting the energy transition- thanks to Amanda Chu for covering this important topic.
"There's a little bit of an arms race ... between industrial nations. Nobody wants to lose their competitive edge," says Chris Taylor, chief executive of GridStor. "Industrial policy is back at the forefront all over the globe." Our CEO joins other global business leaders in the Financial Times weighing in on how the 37% increase in investment in #CleanEnergy in the U.S. this year is also emblematic of policy tensions around globalization -- read the story at https://lnkd.in/gigzW-SP #Cleantech #BatteryStorage #IRA #Decarbonization #FinancialTimes #industrialpolicy #EnergyStorage #supplychain
Biden’s climate law triggers global shifts in cleantech supply chain
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US industrial policy is highly charged! Today the Treasury department released guidance on 45X manufacturing tax credits--a reminder that the battery supply chain is central to American global industrial competition. The separate incentives for battery metals production, electrode materials production, cell manufacturing, and pack manufacturing mean each part of the supply chain has support to develop domestically -- and all of the incentives are *stackable*, compounding cost reductions in the batteries manufactured for #EnergyStorage and #ElectricVehicles. It is also satisfying to see reasonable guidance that will allow unconventional battery techs, like #ThermalStorage and #FlowBatteries, to qualify for incentives--we're going to need all the energy storage we can make here. Re-upping the Financial Times story and why we at GridStor are quoted--the US energy storage sector is at the crossroads of US industrial policy and climate policy.
"There's a little bit of an arms race ... between industrial nations. Nobody wants to lose their competitive edge," says Chris Taylor, chief executive of GridStor. "Industrial policy is back at the forefront all over the globe." Our CEO joins other global business leaders in the Financial Times weighing in on how the 37% increase in investment in #CleanEnergy in the U.S. this year is also emblematic of policy tensions around globalization -- read the story at https://lnkd.in/gigzW-SP #Cleantech #BatteryStorage #IRA #Decarbonization #FinancialTimes #industrialpolicy #EnergyStorage #supplychain
Biden’s climate law triggers global shifts in cleantech supply chain
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The German business daily Handelsblatt published my op-ed today in which I argue for a fundamental rethink so that Carbon Capture and Storage (CCS) becomes a vital option in Germany to reach our ambitious climate goals. More here: https://brnw.ch/21wDDjT The reality we have to face is this: Without #CCS as additional element, it will hardly be possible to sufficiently abate the greenhouse gas emissions of a number of key industries. The technology is a pivotal tool to meet climate goals within the timeframes Germany has set for itself while also keeping industry jobs in Germany. The eight key takeaways from my article are: 👉 Germany aims to achieve carbon neutrality by 2045. That is a very ambitious goal. To succeed, we need to use all available instruments. 👉 As to creating the proper regulatory environment, we need to avoid the tendency to formulate lofty goals that then get stuck in the gears of bureaucracy. 👉 To date, carbon storage is largely viewed as a niche solution in Germany. Making matters worse, the relevant legislation, the “Kohlendioxidspeicherungs¬gesetz” (Carbon Dioxide Storage Act) of 2012, effectively shackles the development of CCS projects in Germany. 👉 CCS is critical to maintaining the competitiveness of a range of important German industries such as the cement and glass industry, but also the iron and steel industry as well as large parts of the building materials industry and consumer goods industries. 👉 Moreover, this technology also has the potential to become an industrial growth market. Indeed, CO2 could serve as a valuable raw material for new fields of application, for example, in the chemical or plastics industries. There are already examples that have achieved proof of concept. 👉 Politics and business need to work together to reach Germany’s climate goals. This involves promoting and implementing innovative solutions. Other nations, including the United States and Norway, have shown that this can be achieved when it comes to CCS. 👉 German companies are highly innovative and very skilled technologically. The German mechanical engineering sector in particular can pride itself in its track record of always meeting the technical and commercial requirements of the times. This can also become true for CCS. 👉 In summary, the task ahead is to find the right balance between regulation, engineering capabilities and entrepreneurial freedom. If we can achieve that, we can simultaneously serve our economic and our climate goals.
Gastkommentar: Warum Politik und Wirtschaft in der deutschen Klimapolitik viel enger zusammenarbeiten müssen
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Energy & Climate Policy | Track II Energy Diplomacy | 📍Brussels, Abu Dhabi | Oxford MPP | Opinions my own |
Critical topic, thank you for highlighting it, Ann Mettler! Apart from "non-EU cleantech," I believe it's crucial to understand whether we can accurately quantify the "correct" figures for missed climate targets, and even more so for energy security. For decades, we have struggled to assign a dollar figure to climate inaction and discount rates, and I believe this challenge will persist. However, it is timely to question whether we can adequately assess energy security risks and determine the associated costs. If so, how long should these cost-benefit analyses be, and as always, what should we label as pluses and minuses?
Vice President, Europe at Breakthrough Energy. Previously, Director-General at European Commission. Views are my own, often rooted in 20 years of experience in public policy.
As #eu Ambassadors meet to talk (and chop) #cleantech #funding - pretty much one year after President Von der Leyen's seminal speech in #davos, vowing that 'the story of the clean-tech economy will be written in Europe' - I was delighted to be quoted in today's POLITICO Europe Energy and Climate newsletter: Cost of inaction: “Back in my days in EU public policy, we would always try to calculate the ‘Cost of non-EU’,” Ann Mettler, a former head of the European Commission’s in-house think tank who’s now high up at Bill Gates’ Breakthrough Energy venture, wrote on LinkedIn. “Perhaps some former colleagues would be so kind to calculate the ‘Cost of non-EU cleantech’ — not only in terms of missed climate targets but also (energy) security compromised, unhealthy dependencies deepened, and (even more) industrial competitiveness lost.” You can read the post here: https://lnkd.in/e78vQnhB
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Today the European Parliament Approves Corporate Sustainability Due Diligence Directive (CSDDD) which brings it a step closer to the adoption of it by the European Union. 🇪🇺 The CSDDD is involved mostly with such issues as environmental concerns, climate change, and human rights in the supply chain and their subsidiaries which do business in the EU. 🌍 After 45 days of uncertainty, the European Council approved a lighter than original version of the CSDDD on 15 March of this year, narrowing the scope of affected companies to those with 1,000 employees and a turnover of €450 million ✅ from the former 500 employees and a turnover of €150 million, which was facing backlash. We’ll be waiting for the next two votes for the European Union to formally adopt the policy: 🔷 Committee of the Permanent Representatives of the Governments of the Member States to the European Union, known as COREPER, for a vote on 15 May 2024 🔷 Competitiveness Council, known as COMPET, for a vote on 23 May 2024 To learn more about using our AI-driven platform to reduce GHG emissions, sign up for a free demo with one of our experts 🤝 https://net0.com/demo #SustainabilityReporting
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KEYOU meets politics: Our CEO Thomas Korn at the 22nd Energy and Environmental Policy Conference in Berlin. The Energy and Environmental Policy Conference is an established flagship event of the CDU Economic Council, which this year took place under the motto "Energy and Environmental Policy at a Turning Point - The Return of Strategic Thinking". The event is known for bringing together leading German and European politicians with leading German and European energy and industry executives to discuss the strategic direction of energy and climate policy. In this context, our CEO Tom Korn participated in a panel discussion on "Electrons and molecules - enabling an efficient drive mix". The panel was moderated by KRONE Managing Director and Verband der Automobilindustrie (VDA) e.V. Board Member Gero Schulze Isfort. Other panelists included Hartmut Höppner, State Secretary BMDV, Thomas Bareiß MdB and spokesman for transport policy of the CDU Deutschlands parliamentary group, Marcus Bollig, Managing Director Product & Value Creation VDA, Andre Schmidt, President Toyota Deutschland GmbH and Meike Schaeffler, Board Member Production, IT & Innovation at Westfalen AG. Even though there were intense discussions at some points, the panel agreed that a meaningful energy and mobility transition can only be achieved with the help of hydrogen. Many thanks again to Wirtschaftsrat der CDU e.V. for giving us, as a medium-sized company in a large industrial environment, the opportunity to take part in one of the top-class panel discussions! #hydrogen #hydrogenengine #hydrogencombustion #hice #sustainability #cleanmobility #greenenergy #innovativetechnology #hydrogennow
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Leading global decarbonization with cutting edge technology. Bravo Motor Company Brazil. First Gigafactory in LatAm (Brazil). Startup mentor. R&D AI apps. Entrepreneur of 2 of the top 30 EV companies in the world.
Navigating Misinformation: The Path to a Sustainable Future. Since I’m talking about #socialmedia, today's post is totally adapted to this new reality. It is a #TBT of a great movie in the standards of 1996. In 1996, the movie *Chain Reaction* depicted an energy industry conspiracy to thwart the advancement of cleaner #energysolutions. Today, we face a modern adaptation of this scenario, fueled by the pervasive influence of social media. The tools and tactics have evolved, but the core challenge remains the same: overcoming the obstacles that hinder progress towards a more sustainable society. #Fakenews and misinformation are among the most formidable barriers we encounter in this pursuit. They distort facts, spread confusion, and create divisions, making it difficult for individuals to discern the truth about crucial issues, including those related to sustainability and #cleanenergy. In this era of information overload, it is essential to remain vigilant and critical. Constantly question, verify, and form your own opinions. Your perspective may need updating over time, but it should always be based on validated information rather than the misleading narratives often found in the digital landscape. We must cultivate a habit of thorough research and skepticism, ensuring our views are grounded in reality. This approach not only protects us from falling prey to misinformation but also empowers us to make informed decisions that contribute to a sustainable future. As we navigate these challenges, let’s remember the importance of critical thinking and continuous learning. By doing so, we can collectively drive the transition towards a cleaner, more sustainable society. Enjoy the memory https://lnkd.in/dYVMrdue Bravo Motor Company Brasil EVShare WEG Bravo Motor Company Energy Brasil Tesla Northvolt FREYR Battery Tesla Energy BNDES Agência Nacional de Energia Elétrica - ANEEL MDIC Ministério do Meio Ambiente e Mudança do Clima Ministério de Minas e Energia EY Boston Consulting Group (BCG) McKinsey & Company PwC illuminem ReportLinker Yahoo Finance Salesforce NVIDIA BYD Brasil GWM Brasil General Motors Stellantis South America Renault Group Public Investment Fund (PIF) Petrobras Shell Mobil Chevron aramco Morgan Freeman Hollywood Insider
Morgan Freeman Explains To Keanu Reeves Why We Don't Have Free Energy - Chain Reaction (1996)
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I saw this chart yesterday 👇 Clean technologies and energy are growing exponentially 😌 Plus, RMI has just published The Cleantech Revolution report with lots of data and chart backing this thesis. The next post of The Climate Tech Business will be fun to write 🤓
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🔋 Unpacked: The EU's New Battery Regulation 🔋 The global battery market is charging ahead at full speed, driven by the electric vehicle revolution. 🚗 However, as public concerns about sustainability reach new heights and governments worldwide intensify efforts to reduce the environmental impact of industrial products, including batteries, change is inevitable. The EU has taken a monumental step towards a greener future with the adoption of a groundbreaking regulation. Recently approved by the European Parliament and Council, this new regulation mandates that batteries sold within the bloc must meet stringent environmental, social, and governance (ESG) sustainability criteria. 🌱♻️ This regulation is set to replace the outdated batteries directive of 2006, bringing much-needed updates and accountability to the battery industry. It applies to every company selling batteries or products containing batteries within the EU. This bold step by the EU reflects a collective commitment to preserving our planet for future generations and will undoubtedly drive innovation and competitiveness in the sector. 🌿🌏 What can industry players expect from the new law? And how will it affect them? Read our latest article of our Electrification in a world of deglobalization series and find out more: https://bit.ly/471kJKF Wolfgang Bernhart Isaac Chan Tim Hotz #RolandBerger #GreenEnergy #BatteryRegulation #ESG
Unpacked: The EU's New Battery Regulation
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