Lukas Kircher’s Post

The US Energy Industry The United States welcomes sustainable foreign direct investment into U.S. clean energy, given the fundamental shift to clean energy advanced by Inflation Reduction Act of 2022 (IRA). The law accelerates the adoption of clean energy and its enabling technologies in the United States and into the global economy. I was happy to share expert knowledge with companies on industry trends and the regulatory landscape as well as the energy supply chain. #cleanenergy

European Union (EU) 2030 Net-Zero Targets Out Of Reach As Investments Plunge The US is currently behind the EU in annual clean-tech spending, investing $86 billion in 2023, but the Inflation Reduction Act is set to spur investments while the EU’s spending will plateau in the years to come. European Union Rystad Energy Lars Ivar Nitter Havro #renewableenergy

Today marks another significant milestone in Germany and Australia’s strong partnership on #energytransition. Australia’s Minister for Climate Change and Energy, the Hon Chris Bowen MP and Germany’s State Secretary of the Federal Ministry for Economic Affairs and Climate Action Anja Hajduk signed a historic hydrogen deal at the Asia-Pacific Hydrogen Summit & Exhibition in Brisbane. The bilateral agreement will deepen cooperation on new #greenhydrogen supply chains through a A$660 million (€400 million) H2Global funding window that guarantees European buyers for Australia’s renewable #hydrogen producers. The deal supports the establishment of new green supply chains between Australia and Europe to accelerate the transition to #netzero. The announcement is supported by today’s release of Australia’s updated 2024 National Hydrogen Strategy: https://lnkd.in/gpjQRTY8 Contact our Australian Trade and Investment Commission (Austrade) Investment Directors Eva Pannhausen and David Urry in Germany to find out more. #APACHydrogen2024   Australian Hydrogen Council | Australian Renewable Energy Agency (ARENA) | Department of Climate Change, Energy, the Environment and Water | CSIRO | Clean Energy Finance Corporation | Geoscience Australia | Clean Energy Regulator | Sustainable Energy Council | Trade and Investment Queensland | Department of Energy and Climate

🇪🇺 A Russia-free energy strategy to compete with China and the US 🇪🇺 "Over the past five years, the EU has invested so much political capital in the European Green Pact that it cannot afford to fail. Now is not the time to backtrack, but to complete it.”, Thomas Pellerin-Carlin, member of the European Parliament's Committee on Industry, Research and Energy (ITRE), says. Pellerin-Carlin also spoke of the need for a new energy security architecture that would allow Europe to become independent of Russian energy, betting on local production, optimization of electricity grids and reduction of energy demand. 💶 Clean energy will be key not only to energy security, but also to ensuring Europe's long-term prosperity. "Solar panels, wind turbines, heat pumps, batteries, those are not only the equipment that are vital to secure that humankind can still prosper on Planet Earth, they are also the sectors that are critical to ensure Europe’s prosperity in this century." 💡  🌐 #CleanEnergy #Sustainability #EuropeanGreenPact #EnergyFuture #CleanTechnologies #Innovation. via Euronews: https://lnkd.in/dmXuwkgi

💡 Out now: News Highlights on Regional Energy Policy from January-April 2024 Did you know? ASEAN sets course for a carbon-neutral future while ensuring its competitiveness for a global clean transition by initiating massive projects to reduce carbon footprints, investing in emerging low-carbon technologies, and creating financing schemes to scale up clean energy in the region. This publication highlights key information on the Regional Energy Policy, detailing ASEAN's efforts in advancing low-carbon energy towards a clean energy transition through energy diplomacy and initiating projects and investments for decarbonisation initiatives. 🔗 To find out more: https://lnkd.in/geeWqAyg ✍ ASEAN Centre for Energy (ACE)

Why developing countries receive only 1/5th of global energy investment despite accounting for 2/3rds of the global population ? The World Bank article on "Scaling Up to Phase Down” outlines a 6-step vision to help developing countries create a virtuous cycle to both begin and accelerate their clean energy transition. Learn More : https://buff.ly/45SOHQR #EnergyEquity #DevelopingWorldEnergy #WorldBankSustainability #CleanEnergyTransition

Transition to a single electricity market in the European Union faces a "triple challenge" of decarbonization, security of supply, and affordability, requiring coordinated policy efforts and technical solutions across all involved.

BloombergNEF has released a series of reports to support the conversation on the low-carbon transition. The reports provide a data-driven foundation to guide progress, and cover topics including: ➝ Unlocking Investment to Triple Renewables by 2030 ➝ Zero-Emission Commercial Vehicles: The Time Is Now ➝ Delivering Net Zero - A Framework for Policymakers ➝ Brazil Transition Factbook ➝ Africa Power Transition Factbook ➝ Energy Supply Banking Ratios: Implementation Guide 💡 Explore the latest research here: https://bloom.bg/3N7dpEi #Sustainability #ClimateAction

The Draghi Report, "Future of European Competitiveness," was released this past week, emphasizing the importance of the #GreenEnergy transition for revitalizing Europe's economy. The report offers strategies to enhance Europe's competitiveness, particularly in relation to rivals like the U.S. and China. A third of the report focuses on the energy sector, emphasizing the need for sustainable growth to achieve #ClimateNeutrality. Key takeaways from the report include: 📍Green Energy Transition: The EU is on track with its goals to boost renewable energy, especially solar and wind, as part of its broader climate targets to become #CarbonNeutral by 2050. 📍PFAS Regulation: While the EU continues its green transition, it proposes softer rules for PFAS (synthetic chemicals in consumer products), balancing industry concerns with the need for environmental protection. This move has been controversial given the long-lasting negative effects of these chemicals. 📍Strategic Shift: The report emphasizes the need to maintain momentum in #RenewableEnergy while addressing regulatory complexities around industries reliant on PFAS. The report's conclusions will support the Commission's efforts to develop a new strategy for the competitiveness and sustainable prosperity of Europe. 🔗 You can download the full report here: https://lnkd.in/eB-47SHQ

With economies largely powered by fossil fuel, the #AsiaPacific region is falling short on achieving many of the targets under #SDG7. To address this issue, the Ministries of Energy in the region, #TogetherWithESCAP, are developing SDG 7 roadmaps, addressing gaps and setting targets. 📽️ Hear more from the interview with Han Wei, Director of Projects at the President's Office, Energy Foundation China: https://bit.ly/HAN_WEI Discover more insightful partnership stories in the 2022-2023 edition of the Technical Cooperation Highlights: https://buff.ly/4dAnwO6 #SDGs #EnergyTransition #Partnerships4SDGs