Today’s ESG Updates
- Projections Predict 2025 as EU’s greenest Year Yet: The EU needs 70GW of new, renewable energy per year to meet 2030 climate goals.
- Huge Investment for Decarbonization of Heavy Trucks: Indian firm, GreenLine Mobility has invested $275 million toward green trucking.
- AI Energy Demands to Quadruple Over Next 5 Years: A report from IEA indicates a sharp rise in the requirements of AI.
- Off-price Stores in US Unaffected by Tariffs: Stores like TJ Maxx and Ross have expansive inventory sourcing as they purchase unsold good in the US.
EU to hit record growth for renewable energy capacity in 2025
The EU is projected to install a record 89GW of new renewable energy in 2025. This includes 70GW of solar and 19GW of wind energy to help meet climate goals and downsize usage of Russian gas. However, industry groups warn that cuts to government support and rising costs may hinder this growth. SolarPower Europe may revise its solar forecast down due to policy changes in countries like France. Long-term delays to approval on permits are also one of the biggest challenges renewable firms face. Companies can rely on ESG solutions to stay updated on evolving reporting guidelines.
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Further reading: EU expects to add record renewable capacity in 2025, industry sees headwinds
GreenLine to invest $275 million in clean trucking to boost India’s net-zero goals
India’s GreenLine Mobility Solutions will invest $275 million to deploy over 10,000 LNG and electric trucks and build a nationwide network of LNG refueling and EV charging stations. The move supports India’s 2070 net-zero goal by reducing logistics emissions. A part of Essar Group, GreenLine aims to expand the green mobility ecosystem and eventually invest in clean energy. Its LNG trucks, already in use by major firms, cut CO₂ emissions by up to 30%. With it’s current fleet, GreenLine has already reduced emissions by 10,000 tonnes over 38 million kilometers.
Photo Credit: Tom Jackson
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Further reading: India’s GreenLine Mobility to invest $275 million to decarbonize heavy truck fleet
AI boom set to surge global energy demand, sparking environmental and policy concerns
AI’s rapid global expansion is set to more than double data center electricity demand by 2030, potentially equaling Japan’s current energy use. In the US, AI could grow to consume more power than all heavy industries combined. Critics warn of increased fossil fuel use, water stress from cooling needs, and weak government oversight. Though the IEA recognises the positive effects of Ai such as fault detection software for infrastructure and driverless cars, others argue it downplays environmental risks and offers insufficient guidance for managing AI’s energy impact.
Photo Credit: Swello
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Further Reading: Energy demands from AI datacentres to quadruple by 2030, says report
Off-price retailers like TJ Maxx and Ross gain edge amid U.S. tariffs on Chinese goods
U.S. tariffs on Chinese goods could prove beneficial for off-price retailers like TJ Maxx, Ross, and Burlington as their inventory mainly consists of unsold inventory from competitors. These stores obtain this inventory from U.S. middlemen, avoiding direct exposure to new tariffs; under 10% of TJ Maxx’s inventory is actually imported from China. These off-price retailers are also seeing increased shopper traffic as consumers seek budget stores amid increasing prices. In a volatile global market, ESG solutions help businesses navigate uncertainty and build long-term resilience.
Photo Credit: Wikicommons
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Further reading: US off-price chains poised to win as tariffs play to strengths in sourcing, inventory
Editor’s Note: The opinions expressed here by the authors are their own, not those of impakter.com — Cover Photo Credit: Andreas Gücklhorn
