ESG Insider: EU reaches deal on higher renewables target
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The European Parliament and the Council of the EU, made up of government ministers of the 27 EU member states, reached a deal on March 30 to raise the bloc’s renewable energy target for 2030 as it seeks to reduce greenhouse gas emissions and cut its reliance on fossil fuel imports.
Under the provisional agreement, the EU aims to raise the binding renewable target for 2030 to a minimum of 42.5%, up from the current 32% target. That would almost double the current share of renewable energy in the bloc, the European Commission said.
The deal is part of a far-reaching climate plan announced by the European Commission in July 2021 designed to reduce emissions by at least 55% by 2030.
In this week's newsletter, we explore the latest sustainability-related regulatory developments in our monthly update, which includes news on Japan’s green policy roadmap, EU green bond standard, Canada’s sustainable jobs plan and more.
We also examine how an offshore wind farm project in Germany offers a blueprint for subsidy-free offshore wind and how China’s power companies are tackling the challenge of including more renewables in domestic energy consumption. We also look at how inflation in the UK could reverse a trend of falling prices in the country’s renewables industry.
In this week's episode of the ESG Insider podcast, we bring you the final episode in our Women in Leadership series. We talk to Dr. Amani Abou-Zeid, Commissioner for Infrastructure and Energy of the African Union Commission, Alethia Jackson, Senior Vice President for ESG and Chief Diversity, Equity & Inclusion Officer for the US at Walgreens Boots Alliance, and Jessica Economos, Vice President for Global Diversity Equity & Inclusion at Wolters Kluwer, a Dutch information, software solutions and services company.
Chart of the Week
ESG Regulatory Tracker February 2023 – Japan’s green policy roadmap, EU green bond standard, Canada’s sustainable jobs plan?
In this month's regulatory update, we explore the International Sustainability Standards Board’s new climate and sustainability standards, the European Commission’s new rules on renewable hydrogen, India’s proposals for ESG disclosure rules and more.?
Germany's He Dreiht forges blueprint for subsidy-free offshore wind
The He Dreiht offshore wind farm in Germany illustrates the industry's transformational shift from government support to a complex blend of corporate offtakers and market exposure.?
China's power companies mull gameplan for next phase of energy transition?
Building market mechanisms to absorb more renewables in domestic energy consumption and shrinking global market share for their products due to geopolitical tensions were two major themes discussed by China's largest power and electricity companies at the Clean Energy Expo in Beijing in the week ended April 1.?
Cost inflation creates new bidding dynamic in UK renewables auction
Widespread inflationary pressure may reverse a yearslong trend of falling prices in the UK's renewables industry as developers line up to bid in the country's latest auction for green power contracts.?
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ESG Insider Podcast
Throughout Women's History Month, we're bringing you a special series of the ESG Insider podcast focused on women in leadership. We're speaking to women CEOs and executives from across industries and around the globe. In our last episode of the series, we interview Dr. Amani Abou-Zeid, Commissioner for Infrastructure and Energy of the African Union Commission, Alethia Jackson, Senior Vice President for ESG and Chief Diversity, Equity & Inclusion Officer for the US at Walgreens Boots Alliance, a healthcare, pharmacy and retail company, and Jessica Economos, Vice President for Global Diversity Equity & Inclusion at Wolters Kluwer, a Dutch information, software solutions and services company.
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Corporate Sustainability/ESG Consultant, Professor Associado na FDC - Funda??o Dom Cabral, Advisor Professor at FDC
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Corporate Sustainability/ESG Consultant, Professor Associado na FDC - Funda??o Dom Cabral, Advisor Professor at FDC
1 年Sharing in Linkedin group "Shareholder Engagement on ESG" - linkedin.com/groups/3432928/