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

Business Green

That is the stark warning from the International Energy Agency (IEA), which today published sweeping proposals detailing how governments could help mobilise $1tr a year of investment in clean technologies and infrastructure over the next three years, averting a global depression and slashing greenhouse gas emissions in the process.

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? 2023’s Most Headliney-Headlines #178

Climate Tech VC

Climate tech venture capital dropped 40% in H1’23 but climate-focused funds have still been steadily stacking the green, with at least $33B of investable dry powder ready to deploy in climate tech startups. ☢️ US nuclear power saw mixed results. ❄️ Macro market cools climate tech venture.

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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.” Building owners can avoid fines and stay under their emissions caps by investing in energy efficiency and clean energy.

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

Business Green

At the same time, we must invest equally in adaptation and resilience. Designed to demonstrate that high performance, efficiency and sustainability can be packaged together without compromise, the Gen3 car is our most powerful, lightest, and fastest race car to date. China latest mega-hydropower plant comes online.

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Solar, Wind Tax Credit Extensions and Energy R&D Package in Spending Bill Before Congress

GreenTechMedia

trillion federal spending and tax extension package negotiated by congressional leaders over the weekend alongside a $900 billion coronavirus relief package. R&D for clean energy, energy storage, carbon capture and nuclear power. The massive spending bill awaiting passage by the U.S. Solar tax credit impacts.

Packaging 130
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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. As President Biden observed, the IRA "makes the largest investment ever in combatting the existential crisis of climate change".