The US will invest $6 billion to decarbonise hard-to-abate sectors in its bid to transition to a low-carbon economy, with a focus on fostering innovation and supporting underserved communities. Its plans, like those of other large economies, ignore the transition needs of low-income countries.
BlocPower's $154 million fundraising is significant not only for the impact it can have on underserved communities, but also because it is a rare example of a Black-owned business receiving venture funding in the US.
California is stepping up its efforts to provide clean transportation access to all citizens, by sponsoring projects to install fast electric vehicle (EV) charging stations in underserved communities. It will be attracting federal funds to do so, unlike states that hold an anti-ESG stance and may delay taking action on climate change.
By Nick Parsons, Head of ESG & Research Thomas Lloyd Group
Following the World Economic Forum's (WEF) annual Davos meeting, Nick Parsons, Head of ESG & Research at Thomas Lloyd Group, explores how financing the sustainable energy transition is essential for the world’s climate survival.
The US Environmental Protection Agency (EPA) wants to tighten regulations for fine particle pollution, which pose severe threats to human health and to ecological systems. The new policy is intended to benefit underserved and low-income communities in particular.