Citi announces on BusinessWire that they have partnered with Breakthrough Energy Catalyst to accelerate the clean energy transition with a $100 million commitment. “This commitment to Catalyst brings the Citi Impact Fund’s total resources to $250 million and represents the Fund’s first major investment in a sustainability-focused fund, enabling Citi to continue making equity investments...
"Microreactors offer a range of benefits attractive to military bases. Chiefly, they remove reliance on the grid, which is 'vulnerable to prolonged outage due to a variety of threats' and can provide both the electricity and heat that bases need. Moreover, the US DoD sees its needs for electricity growing as it requires power to desalinate water, produce hydrogen and support increasing data processing as well as to power robots and directed-energy weapons such as lasers."
"Nuclear electricity generation will need to double between 2020 and 2050 if the world is to meet its net-zero ambitions, the International Energy Agency’s Net-Zero by 2050 Roadmap projected."
"On Tuesday, the Microsoft co-founder took the stage in Glasgow to announce a pledge of $315 million from the foundation to support agricultural research to help farmers in the developing world cope with climate change, as well as an update on the progress being made through his Breakthrough Energy initiative."
"By pulling CO2 from ambient air, the plant is different from more traditional types of carbon capture and storage (CCS) projects at highly-polluting industrial smokestacks."
"But other factors disproportionately affect certain types of projects. Smaller projects often have shorter licensing timelines, but, because they bring in less revenue, the costs hit them harder than larger, more profitable projects. And, because older projects can continue to generate income while seeking a relicense, the costs are less burdensome for them than for new projects, which cannot start construction or operation until they have their license in hand."
“'Fundamentally, we need serious solutions,' says Drew Bond...'The most serious ones are based on free-market economics,' he continues. 'Forcing utilities to buy a certain amount of electricity is a top-down solution. There ought to first be a whole lot of competition. If we can’t achieve there, let’s look at it again.'"
"It’s time to stop telling our children that they’re going to die from climate change. It’s not only cruel, it might actually make it more likely to come true."
"The world lost 258,000 sq km (99,600 sq miles) of forest in 2020, according to WRI's deforestation tracking initiative Global Forest Watch. That is an area larger than the United Kingdom."
"America, and the world’s, best hope is to reject the advice of central planners and regulatory minders, and to fully embrace the proven principles of economic freedom that lead to innovation. Creativity, not coercion, is the best way to protect our natural and economic environment."
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