Today’s ESG Updates
- The Future of Germany’s Natural Gas Usage: McKinsey researchers have estimated that Germany’s gas usage will decline by 3%-7% by 2030
- Spain’s Criteria Will Buy 5% Stake In France’s Veolia: The holding vehicle company will hold a 5% stake in the French waste and water management company
- Iberdrola Strikes Deal With Pam Panorama: The renewable energy giant will supply green electricity to Italy’s retail giant with Pam Panorama
- American Biogas Council Launches Emission Tracking Tool: developed by EcoEngineers, this tool aims to accurately assess carbon emissions
The future of Germany’s natural gas usage
While natural gas continues to be central to Germany’s energy supply, McKinsey’s researchers predict that gas usage could decline by 3% to 7% by 2030. This is a decrease from their initial forecast as researchers overestimated the timeframe of this shift to renewable energy. Germany’s recently elected conservative government is expected to adopt a more pragmatic approach to this shift, following an overly zealous approach to renewable energy which has caused some cost and supply risks. Where German households and businesses use 45%, industry 30% and power stations 25% of annual gas demand, the weaning period may last longer than anticipated.
***
Further reading: German gas use could fall 3%-7% by 2030, McKinsey says
Spain’s Criteria will buy 5% stake in France’s Veolia
The Spanish holding vehicle company Criteria will buy a 5% stake in the French waste and water management company Veolia Environment. They will also have a representative on its board. The current market price of a 5% stake is around 1.06 billion euros. Following plans of the investment arm of the La Caixa foundation to boost the value of its portfolio by 13 billion euros by 2030, the strategic move was made.
Photo Credit: Ivan Bandura
***
Further reading: Spain’s Criteria to buy 5% stake in French environmental company Veolia
Iberdrola strikes deal with Pan Panorama
Iberdrola, a global leader in renewables and smart grids, has secured a long term power purchase (PPA) with Italy’s retail giant Pam Panorama. Whilst emblematic of the spread of green energy across Europe, this also secures Pam Panorama’s competitiveness and ensures it stays on track with its electrification strategy. By 2025, Iberdrola is expected to have installed 400 MW of installed capacity in Italy with new solar projects due to come online. This is part of Iberdrola’s wider European green energy takeover as they have secured 15 European PPAs with major firms. For companies and businesses looking to align with ESG goals, please see ESG Solutions.
Photo Credit: Matthew Henry
***
Further Reading: Iberdrola Secures PPA to Power Italian Retail Giant Pam Panorama with Green Electricity
American Biogas Council launches emission tracking tool
The American Biogas Council which represents the entire U.S biogas industry has launched a new carbon emission tool that helps measure biogas projects’ carbon emissions. Developed by a clean energy consulting firm EcoEngineers, the tool measures the whole lifecycle emissions of biogas projects. This tool is groundbreaking in that it provides updates on how much carbon emissions are produced by biogas projects and enables transparent reporting to customers and investors. For businesses looking to stay up to date with regulatory guidelines may look to ESG Solutions.
Photo Credit: Roger Starnes Sr
***
Further reading: ABC Launches Tool to Track Biogas Project Emissions
Editor’s Note: The opinions expressed here by the authors are their own, not those of impakter.com — Cover Photo Credit: Marcin Jozwiak
