The EV revolution is well underway. Passenger EVs now account for 9% of all vehicles sold globally and in major markets such as Germany and the UK, EV penetration is 26% and 21% respectively.
The world’s cognitive shift on climate change has been decades in the making. Now the energy transition is in full swing, long-term investors like Igneo Infrastructure Partners have an important role to play in the societal and technological change necessitated by ambitious global targets.
Government spending earmarked to rescue and stimulate economies following the disruptions of COVID-19 related lockdowns and restrictions has been framed as a once in a lifetime opportunity to propel the world towards a greener and more sustainable future.
The US’s largest state economy has forged ahead with ambitious goals to reduce greenhouse gas emissions across its heavily polluting sectors by 2045 through legislation and executive orders, targets that have already spawned programs favouring renewable power producers and waste to energy facilities in the state.
While the most recent United Nations climate change conference may not have produced the kind of headline-grabbing unified stance against climate change as COP21 where the Paris Agreement was ratified, COP26’s achievement on methane could turn out to be a significant turning point for the battle against global warming.
The Edwards Sanborn solar power and battery storage facility in California is one of the largest solar PV plus battery storage projects in the US which also happens to be located at an area of rich cultural and environmental heritage. Both of these issues need to be dealt with sensitivity.