-
Decarbonizing Data Centers: The Energy-Intensive Hubs of the Digital World
Data centers are the heart of the telecommunications value chain, acting as the computational hubs that store, process, and manage vast amounts of data required for cloud computing, Internet of Things (IoT) applications, and artificial intelligence (AI). As the telco industry continues to expand, the energy demand of data centers also escalates, driving a rise…
-
What to Expect from COP29: Key Issues and Trends for the Planet and Corporates
As we look toward COP29, happening from November 11-22, 2024, in Baku, Azerbaijan, the stakes are higher than last year’s COP28. This year, nations and businesses worldwide will come together to address climate challenges, guided by the theme of Enhancing Ambition and Enabling Action. COP29 will challenge both governments and the private sector to accelerate…
-
Europe’s White Certificate Schemes: A Closer Look at Poland, France, Spain, and Italy
White certificate schemes or Energy Efficiency Certificates (EECs) have emerged as key drivers in achieving emissions reductions. These market-based mechanisms encourage companies across several sectors to develop energy-saving projects by providing tradable certificates for verified savings. In other words, these schemes promote meaningful and actionable climate action. On one hand, the schemes reward companies for…
-
U.S. Carbon Compliance: What Corporates Need to Know
As the U.S. strengthens its approach to tackling climate change, carbon compliance programs have become essential tools for regulating greenhouse gas (GHG) emissions and incentivizing businesses to reduce their carbon footprints. Although the U.S. does not yet have a single national carbon trading system like the EU ETS, various regional and sector-specific programs are shaping…
-
Climate Week NYC 2024: Policy, Innovation, and Economic Impact Review
Leaders from political, corporate, and sustainability gathered in New York City for Climate Week NYC 2024 (September 22-29) to address the challenges of achieving the United Nations’ goal of limiting global warming to 1.5°C above pre-industrial levels. With a record-breaking 900 events—a 50% increase from the previous year—each contributed to the collective call for action…
-
Decarbonization Pressures Across the Telecommunications Value Chain
As the telco sector experiences growth in consumer demand, the entire value chain—from network infrastructure providers to data centers and telco operators—faces increasing pressure to decarbonize. These pressures are driven by rising regulatory demands, investor scrutiny, and consumer expectations for sustainability. In 2022, the telco industry accounted for 2-3% of global carbon emissions, a figure…
-
From Jargon to Corporate Action: Defining Carbon Reduction, Avoidance and Removal
As the climate crisis intensifies, the corporate world’s response is under greater scrutiny than ever. Decarbonization plans and public disclosures are critical components of this response, yet their true value lies in the tangible actions they drive. According to Science Based Target Initiative’s latest report, as of July 2024, approximately 5,760 companies across 80 countries…
-
How Data Centers Can Balance Growth and Sustainability
Fueled by the enormous demand for digital services, the data centres are at the forefront of the global digital economy, experiencing unprecedented growth and transformation. As of August 2024, there are over 7,000 data centres worldwide, roughly double the amount in 2015. The number is expected to rise even further due to the proliferation of…
-
Italy’s New FER X Green Scheme: A Comprehensive Overview
Italy plans to become carbon neutral by 2050 and has set ambitious climate targets to achieve it. To support this, the Italian government has launched a new green auction scheme to motivate the development of renewable energy projects and reduce greenhouse gas emissions. This article aims to provide a detailed overview of Italy’s green auction…
-
Can IRA Tax Credits Pay for Your Renewable Energy Goals?
Tax credits are probably the best-known secret and least optimized tool in a corporate tax professionals toolbelt. Every tax season, companies hope their tax professional is looking for every tax deduction and cost saving available – but are they looking for the ones passed in federal sustainability legislature? The Inflation Reduction Act (IRA) of 2022…