Philip Hirschhorn’s Post

The momentum behind clean energy investment stems from a powerful alignment of costs, climate and energy security goals, and industrial strategies. Read about Global Energy Investment here: https://lnkd.in/dNJCkdK2 #LeadTheWay

America's clean-energy investment is soaring, but our outdated electricity system is holding back its full potential. It's time for serious utility reform to ensure these historic investments translate into real, usable clean energy for all. #CleanEnergy #ClimateAction

Could Energy Transition be bad for the Environment? In a thought-provoking TED talk, international security and conflict resolution expert Olivia Lazard unveils the hidden challenges and geopolitical intricacies surrounding the global shift towards green energy. As the world strives for a decarbonized future, Lazard sheds light on the environmental costs, resource competition, and potential security risks that often escape our attention in the pursuit of sustainability. FIND OUT MORE: https://buff.ly/3SywhAc #energytransition #cleanenergyinvesting #renewableenergy #esginvesting #sustainablefinance Ayla Kremb

Our Energy and Climate Committee advises and guides the Board’s efforts to champion the Region’s net zero economy and develop cleantech solutions for local innovators. The committee recently held its first meeting of the year to discuss pain points in the permitting process for #energyinfrastructure projects and the federal government’s progress towards implementing clean economy Investment Tax Credits (ITC) for businesses.  Our region faces intense competition for #cleaneconomy investments. The US has introduced ambitious incentives, and these ITCs will be key for maintaining our competitiveness. Although these incentives have been announced, they are not yet fully accessible to investors – but once implemented, ITCs will play a critical role in supporting investment in our region.  In 2024, we’ll be hosting additional committee meetings to engage directly with our members on relevant issues and receive their guidance on initiatives to help solve them. Learn more about our Energy and Climate Committee: https://lnkd.in/g835TyBS

As the urgency to address climate change intensifies, one of the biggest challenges for the world is how to pay for the required mitigation and adaptation activities, such as the transition to renewable energy, new technology development, and building adaptation and resilience. Around $3.4 trillion in mitigation finance is needed annually in the current period 2020 – 2025. With such a huge requirement, it is perhaps not surprising a shortfall in funding exists. In this Viewpoint, we set out some priorities for businesses, financial institutions, and government — working collaboratively — to narrow the funding gap: https://lnkd.in/dbrAhPqF #climatechange #finance #investments 

During the recent Aspen Ideas Climate conference in Miami Beach, economic considerations took center stage. It's imperative to address the financial aspects of technology implementation, mitigation efforts, recovery initiatives, relocation endeavors, and all other facets affected by the climate crisis. However, there is real wealth being generated by our transition to greener energy — and we need to make sure that the real assets of a renewable economy are shared with the people and communities who are working to make it happen. This was the subject of, "Sharing the Wealth of the Energy Transition", a panel hosted by Ida Rademacher of The Aspen Institute Financial Security Program and joined by Donnel Baird of BlocPower, Mark Chambers of Elemental Excelerator, Danielle Decatur of Microsoft, and Harold Pettigrew, Jr. of Opportunity Finance Network (and of the Aspen Finance Leaders Fellowship, a part of the Aspen Global Leadership Network). The hour-long discussion was full of specific examples of successful approaches, and a few key themes emerged: intentionality, quantification and community engagement. The climate crisis is something that we all have to own up to — and the solutions are something we all have to own. “There just isn't a path to get to a national clean energy infrastructure without distributed ownership,” says Baird. Watch the video of the session here... https://lnkd.in/e4sKjVVT

We’ve been hard at work with our strategic public investment strategies in America! Read more about how the President’s Investing in America agenda is translating into tangible outcomes and progress towards the President’s climate goals, and how the deployment of #cleanenergy technologies will lower greenhouse gas emissions, improve #energysecurity, and spur economic growth https://lnkd.in/eCfEWHgv

Timely - NYCW providing momentum The world needs to stimulate action on energy transition. Bringing this to the heart of capital markets is important. See you there. #systemschange #capitalmarkets #removebottlenecks

IN THE MEDIA | A group of energy and finance leaders (Beyond Zero Emissions, Clean Energy Investor Group, Rewiring Australia, Climate Energy Finance, Climate Capital Forum, with Smart Energy Council) has joined forces to urge Treasurer Jim Chalmers to use the federal budget to encourage investment, as rival economies throw trillions of dollars into renewable energy and clean tech to secure their national interests. Australia can't afford to "sit out" the accelerating global transition, and the #FutureMadeInAustralia act will enable our nation to pivot from the historic over-dependence on fossil fuels to a zero-emissions global trade and investment leader. Read the full story 👉 https://lnkd.in/gyKwRc-B Marion Rae Poppy Johnston The Canberra Times Heidi Lee Marilyne Crestias Saul Griffith Dan Cass Kate Minter Tim Buckley Blair Palese Ethinvest #SmartEnergy

New data by Morningstar shows the U.S. is far behind its competitors in terms of investment in climate-focused funds. It currently represents just 6% of climate-fund assets, with most of that money allocated toward wind and solar companies. In contrast, European funds are focusing more on companies seen to be considering climate change impacts when setting their business strategies. #climateinvesting #climateadaptation #climatechange #wateradaptation #waterinvestment