Breaking News
Investing Pro 0
NEW! Get Actionable Insights with InvestingPro+ Try 7 Days Free

Reducing energy waste key to meeting climate goals

Commodities Oct 03, 2022 20:21
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. FILE PHOTO: A view of windmills and power lines, as California's grid operator urged the state's 40 million people to ratchet down the use of electricity in homes and businesses as a wave of extreme heat settled over much of the state, near Tracy, Califor
 
KECR
+2.20%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
ENRY
+0.00%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

By Gloria Dickie

LONDON (Reuters) - Embracing decentralised power grids may be the way forward in building out renewable energy capacity to reach global climate goals, the CEO of investment firm Sustainable Development Capital said on Monday.

Speaking on a panel at the Reuters IMPACT sustainability conference in central London, Jonathan Maxwell said U.S. electricity challenges showed a need to "focus on decentralisation".

"Let's generate (electricity) locally or on site so we don't waste energy somewhere between conversion and transmission, distribution and end use," Maxwell said, answering a question from Arctic Basecamp founder Gail Whiteman about lessons learned in the green transition.

Responding to an earlier call by London Mayor Sadiq Khan for 75 billion pounds ($84 billion) in investment to meet the city's net zero goals, Maxwell said that improving energy efficiency could achieve this at a much lower cost.

With Europe facing an energy crisis this year, others speaking on the panel titled "Moving Beyond Net Zero" said the recent uptick in coal production should not encourage a fossil fuel revival.

"We are so badly prepared (for the coming winter) that there may be some unfortunate increases, but there should be no investment in further fossil fuel infrastructure," said Jill Duggan, executive director of Environmental Defense Fund Europe, an environmental advocacy group.

"We need to keep focused on keeping people warm this winter, not getting more coal out of the ground."

($1 = 0.8951 pounds)

Reducing energy waste key to meeting climate goals
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email