Geothermal Core and GEG Power Partnering to Develop First Geothermal Power Plant in Texas
Geothermal Core Inc., a geothermal exploration and production power company, and GEG, a geothermal developer and EPC company, have entered into a definitive agreement to form a Joint Venture (“JV”).
How Much Will It Cost to Reach Net-Zero by 2050?
A new McKinsey & Co study estimates that the global economy needs to invest $9.2 trillion dollars annually to curb emissions and reach net-zero by 2050. That’s at least $3.5 trillion more annually than is currently being invested in low-carbon and fossil fuel infrastructure. These findings suggest that nations and corporations will need to ramp up decarbonization efforts fast.
Key Takeaways from COP26: Glasgow Climate Pact
The COP26 summit is now concluded after two-weeks of negotiations among world leaders to curb climate change. The result of these talks is the introduction of the Glasgow Climate Pact, officially agreed to by nearly 200 national signatories. Some are calling this agreement a success, others a failure, and many say it’s somewhere in between. We outline the key takeaways from the Glasgow Climate Pact so you can decide for yourself.
Bloomberg Green – Biden Envisions Thousands of Wind Turbines Spinning at Sea
Bloomberg Green – The Biden administration is outlining ambitions to dramatically boost offshore wind power in the U.S. by 2030, pushing to drive construction of projects at sea capable of generating enough electricity for more than 10 million American homes.
Equinor Selected for Largest-Ever Offshore Wind Award
Wind is one of the planet’s most efficient renewable power sources and offshore winds tend to blow harder and more uniformly than on land. Yesterday, the New York State Energy and Development Authority (NYSERDA) selected Equinor and incoming strategic partners bp to transform two of New York’s ports into large-scale offshore wind working facilities in hopes of positioning New York as an offshore wind industry hub.
Ford Foundation allocates $1 billion for MRIs
Investment assets dwarf philanthropy and aid, so the simple message is that if we can align our investments with our beliefs, we can have an impact on the world… and, thus the term… “Impact Investing.”
