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IEA sketches out vision for $1tr a year global green stimulus

Business Green

The analysis calculates that integrating clean energy goals into economic recovery and stimulus packages over the next three years could boost global economic growth by an average of 1.1 Birol acknowledged that policy makers were "having to make hugely consequential decisions in a very short space of time as they draw up stimulus packages".

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? 2023’s Most Headliney-Headlines #178

Climate Tech VC

In news this week, COP28 wraps up with a landmark agreement on transitioning away from fossil fuels, DOE announces a new office focused on AI, and over 2M Teslas were recalled.  ☢️ US nuclear power saw mixed results. 🧑‍💻 COP28 was climate tech-ier than ever.

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Arizona nuclear to clean hydrogen project receives $20 million from Dept. of Energy

Renewable Energy World

of Energy to demonstrate technology that produces clean hydrogen energy from nuclear power, as part of the agency's goal of reducing the cost of clean hydrogen production by 80%. due to its high cost, while the remaining 95% is produced using fossil fuels. Follow @EngelsAngle. But hydrogen has its share of skeptics.

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After Pandemic, New York’s Buildings Face Daunting Decarbonization Mandate

GreenTechMedia

When the legislation passed, progressives on the New York City Council called the package of bills “the largest single carbon-reduction effort that any city, anywhere, has ever put forward.” The proposed Champlain Hudson Power Express transmission line would carry hydropower from Quebec south to New York City.

Law 130
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Global Briefing: EU and US launch Joint Task Force on Energy Security

Business Green

The Task Force for Energy Security will be chaired by a representative from the White House and a representative of the President of the European Commission and will work on a range of measures to bolster EU energy security, including initiative to drastically reduce fossil fuel imports this year.

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Inflation Reduction Act: 10 ways it will turbocharge US climate action (and one way it won't)

Business Green

The landmark legislation's climate provisions could unlock billions of dollars of low carbon investment and millions of green jobs - but it also paves the way for new fossil fuel infrastructure. After decades of gridlock, the US looks set to pass sweeping climate legislation for the first time.