<?xml version="1.0" encoding="UTF-8"?><rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	>

<channel>
	<title>Gautama Mehta, Author at Corporate Knights</title>
	<atom:link href="https://corporateknights.com/author/gautama-mehta/feed/" rel="self" type="application/rss+xml" />
	<link>https://corporateknights.com/author/gautama-mehta/</link>
	<description>The Voice for Clean Capitalism</description>
	<lastBuildDate>Tue, 03 Dec 2024 19:33:07 +0000</lastBuildDate>
	<language>en-US</language>
	<sy:updatePeriod>
	hourly	</sy:updatePeriod>
	<sy:updateFrequency>
	1	</sy:updateFrequency>
	<generator>https://wordpress.org/?v=6.9.4</generator>

<image>
	<url>https://corporateknights.com/wp-content/uploads/2022/05/cropped-K-Logo-in-Red-512-32x32.png</url>
	<title>Gautama Mehta, Author at Corporate Knights</title>
	<link>https://corporateknights.com/author/gautama-mehta/</link>
	<width>32</width>
	<height>32</height>
</image> 
	<item>
		<title>Unions have a plan to protect offshore wind from Trump</title>
		<link>https://corporateknights.com/energy/unions-have-a-plan-to-protect-offshore-wind-from-trump/</link>
		
		<dc:creator><![CDATA[Gautama Mehta]]></dc:creator>
		<pubDate>Mon, 25 Nov 2024 16:50:08 +0000</pubDate>
				<category><![CDATA[Energy]]></category>
		<category><![CDATA[Donald Trump]]></category>
		<category><![CDATA[renewables]]></category>
		<category><![CDATA[Wind]]></category>
		<guid isPermaLink="false">https://corporateknights.com/?p=43182</guid>

					<description><![CDATA[<p>Donald Trump says he "hates wind," but unions in New England have a plan to expand the offshore wind industry and create a local manufacturing base that supports it</p>
<p>The post <a href="https://corporateknights.com/energy/unions-have-a-plan-to-protect-offshore-wind-from-trump/">Unions have a plan to protect offshore wind from Trump</a> appeared first on <a href="https://corporateknights.com">Corporate Knights</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p class="has-default-font-family">In the constellation of renewable-energy technologies that the United States has sought to deploy in order to battle climate change, offshore wind has had perhaps the rockiest path in recent years. In 2023, high interest rates and the global supply chain shocks brought a slew of developments across the country to an end. Even without these macroeconomic obstacles, offshore wind is a mammoth undertaking. It’s difficult to overstate the sheer scale of the endeavour that is the construction of an offshore wind farm. The largest turbines are the length of football fields and require specially built ships to transport them.</p>
<p class="has-default-font-family">If offshore wind can take off anywhere, it’s New England, whose waters provide the highest wind-capacity factor (the amount of energy a turbine can produce over time) in the continental United States. In October 2023, three states – Rhode Island, Connecticut and Massachusetts – <a href="https://portal.ct.gov/deep/news-releases/news-releases---2023/ct-ma-and-ri-sign-first-time-agreement-for-multi-state-offshore-wind-procurement" target="_blank" rel="noopener noreferrer">signed</a> a first-of-its-kind multistate procurement agreement to collectively share the costs and benefits of adding new offshore wind generation. The vision behind the plan was to reduce the cost per megawatt of the electricity generated. So far, the results of this deal have been uneven: two of the states have selected developers for new projects, but Connecticut <a href="https://insideclimatenews.org/news/13112024/new-england-offshore-wind-pact-weakened-after-connecticut-sits-out/" target="_blank" rel="noopener noreferrer">has not</a>.</p>
<p>But the election of Donald Trump could arrest the region’s momentum before it has had a genuine chance to take off. Trump has made a point of demonizing the technology (“I hate wind,” he is <a href="https://www.washingtonpost.com/climate-environment/2024/04/17/trump-wind-power-oil-executives/" target="_blank" rel="noopener noreferrer">reported</a> to have bluntly told oil and gas executives at a fundraiser) and has repeatedly made false claims about its impact on wildlife. At a campaign rally in May, Trump <a href="https://www.theguardian.com/us-news/article/2024/may/13/trump-president-agenda-climate-policy-wind-power" target="_blank" rel="noopener noreferrer">pledged</a> to ensure that offshore wind projects come to a halt “on day one” of his second term. That could have been mere campaign-trail bluster, but of the clean energy technologies that the Inflation Reduction Act flooded money into, offshore wind is perhaps the most vulnerable to an unfriendly president.</p>
<p class="has-default-font-family">In addition to the political calculations, the question of whether this coalition of states can build and deploy the offshore wind projects amounts to a test of U.S. industrial capacity. To bolster the case to state governments for doubling down, there is growing support in the region from a somewhat unlikely corner: New England’s industrial unions, a group of whom published a <a href="https://static1.squarespace.com/static/6463bf97e7c3343f9c2af543/t/67351745692e036e7bcabc34/1731532617137/FINAL_Winds+of+Prosperity+New+England+Report_11.2024.pdf" target="_blank" rel="noopener noreferrer">report</a> last week, in partnership with the Climate Jobs National Resource Center, outlining an ambitious vision for supplying the region with not only offshore wind turbines but a locally based industrial manufacturing base to support it.</p>
<p class="has-default-font-family hang-punc-medium">“This entire industry that we’re trying to get launched has thousands and thousands of job opportunities, whether you’re talking about port construction or port renovations to make sure that offshore wind can be developed at a larger scale, whether you’re talking about component manufacturing, whether you’re talking about vessel manufacturing – all of these things are going to be critically important,” said Patrick Crowley, the president of the Rhode Island AFL-CIO. “We’re not talking about just individual energy projects. We’re talking about developing an entire energy industry and everything that goes into it.”</p>
<p class="has-default-font-family">At a <a href="https://www.nbcboston.com/news/local/we-will-show-them-healey-doubles-down-on-massachusetts-commitment-to-offshore-wind/3555706/" target="_blank" rel="noopener noreferrer">launch event</a> for the report on Tuesday, Massachusetts Governor Maura Healey said the unions’ proposal “supports the region’s continued progress building a robust, worker-centred offshore wind industry. This is an incredible opportunity to lower costs and create good jobs for working people in our region while achieving energy independence, cleaner air and a climate-resilient future.”</p>
<p>There are just three operational wind farms in the country. According to Timothy Fox, managing director of ClearView Energy Partners, a Washington research firm, those power stations generate only about 200 megawatts of electricity – a fraction of the 50 gigawatts (50,000 megawatts) that states have committed to building, if their renewable-energy targets are tallied together. The federal government has approved leases for wind projects that would generate 15 gigawatts of energy, and the onus now is on states to build the turbines – and to require their utility companies to buy electricity from it.</p>
<p class="has-default-font-family">The unions’ report calls for building nine gigawatts of offshore wind energy in the waters off Rhode Island, Connecticut and Massachusetts by 2030 – scaling up to 30 gigawatts by 2040 and 60 gigawatts by 2050.</p>
<p class="has-default-font-family">To meet these goals, the report suggests that states employ “a <em>climate and jobs</em> strategy, built around new investments, active government facilitation of industry growth, and reliance on a skilled union workforce.” It argues that offshore wind’s success will depend on a combination of investment in the region’s ports, regionally based component manufacturing, domestically built installation vessels, coordinated transmission planning between the states involved, and strong labour standards.</p>
<p class="has-default-font-family">To maximize the benefits of offshore wind, the three states will need to coordinate their efforts on a range of tasks, from building transmission lines (which often requires <a href="https://grist.org/energy/southern-spirit-transmission-line-louisiana-mississippi-texas/">tricky interstate negotiations</a>) to collective procurement – and that’s one area where, Crowley argued, unions are uniquely positioned to help, by leveraging the power of their mass membership across state borders and political influence in Democratic state governments.</p>
<p class="has-default-font-family hang-punc-medium">“There isn’t another organization except the labour movement that has a presence in all of these states in such a way that, if my counterpart in New York, Vinny Alvarez, calls up and says, ‘Patrick, there’s a hearing at the Rhode Island Coastal Resource Management Council about a transmission line for a project that we’re doing. Can you get a couple of people to go testify?’ – ‘Absolutely.’ And we’re there within hours,” Crowley said.</p>
<p class="has-default-font-family">As an example of this leadership in action, Crowley cited the tri-state procurement agreement, which he described as “a paradigm shift in thinking that I don’t think would be possible except for the labour movement pushing this agenda.” He cast the agreement as a departure from the standard practice by which states attract investment and industry: “All of these states compete with each other when it comes to the economic marketplace,” Crowley said.</p>
<p class="has-default-font-family hang-punc-medium">“We’re dealing with something right here in Rhode Island,” he continued. “One of our major employers, Hasbro Toys, is being courted by Massachusetts to move up from Providence up to Cambridge to move their headquarters there; we might lose a thousand jobs and Massachusetts will gain them. We’re not going to stop that kind of competition. But when we can eliminate it from the beginning, at the beginning of this industry – oh my god. This is a total economic paradigm shift that I don’t think folks have fully digested yet.”</p>
<p class="has-default-font-family">But to get the unions’ vision past the finish line, especially against the headwinds of an unfriendly federal government, will be no easy feat – and crucially depends on private investment. This is also somewhere that Crowley believes unions can play a role. “The labour movement, through our pension funds, has access to a vast amount of investable capital,” he said. “And maybe what we’ve got to do is be creative about how we can leverage the funds that are in our pension systems, both private and public sector, to be a funding mechanism for developing this industry.”</p>
<p class="has-default-font-family">Jeff Plaisted, an electrician in Massachusetts, worked on the crew that laid six miles of cable from the Vineyard Wind wind farm off the coast of Martha’s Vineyard to a power substation on Cape Cod, passing under the streets of the town of Hyannis. “Since the Vineyard Wind project broke ground, and that project really got off the ground,” Plaisted said, “we had full employment in Local 223” – the southeastern Massachusetts branch of the International Brotherhood of Electrical Workers, of which Plaisted is now the business agent and organizer of membership development.</p>
<p class="has-default-font-family">The project brought an unusual amount of work to the region. “We had travellers from other jurisdictions coming and signing our book to work in our jurisdiction because we needed the manpower from outside what we had to offer just to fill the job calls,&#8221; Plaisted said. &#8220;That substation in Hyannis had 70 to 80 electricians on, and we very rarely see jobs in our jurisdiction that require that kind of manpower.”</p>
<h5 style="text-align: center;">RELATED:</h5>
<p style="text-align: center;"><a href="https://corporateknights.com/energy/wind-solar-energy-surpasses-fossil-fuels-eu/">Wind and solar energy surge past fossil fuels for first time in Europe</a></p>
<p style="text-align: center;"><a href="https://corporateknights.com/energy/clean-energy-2t-investments-new-record-iea/">Clean energy will draw in $2 trillion in investments this year, setting new records</a></p>
<p style="text-align: center;"><a href="https://corporateknights.com/energy/ukraine-energy-company-opens-new-wind-farm-clean-energy-revolution/">As bombs drop, Ukraine energy company opens a new wind farm</a></p>
<p class="has-default-font-family">When Plaisted began working on the Vineyard Wind project, “what surprised me personally is the magnitude, the size of the turbines themselves,” he said. The job itself was a far cry from the normal work of a union electrician. “You’re not just stripping wires. The splicing operations, everything involved with it is highly skilled and very technical. The guys that are offshore, they’re taking a boat to work, five-plus hours offshore.”</p>
<p class="has-default-font-family">Plaisted is part of a growing number of union leaders who have spent the Biden years making the case that organized labour will need to play a starring role in the nationwide transition away from fossil fuels – not just in offshore wind, but in the vast landscape of industrial work, from electric vehicles to transmission buildout, that the transition will require.</p>
<p class="has-default-font-family">Plaisted said that trade unions are reckoning with the fact that “climate change, it’s not a theory. It’s an actual thing; it’s not a belief system. It’s an issue that we’re going to have to deal with. If the goal is to get off fossil fuels, then everything should be brought to the table – solar, wind, battery. And union labour is the way to make those things happen,” he said.</p>
<p class="has-default-font-family">Their efforts were bolstered in some respects by Biden’s attachment of labour-friendly requirements to many of the grants for clean energy, as well as an unusually friendly National Labor Relations Board. But unions now face a set of strategic decisions around how to engage with a Republican administration expected to be far less friendly to organized labour. “We’re at a crossroads,” said Keith Brothers, business manager of the Connecticut Laborers’ District Council.</p>
<p class="has-default-font-family">Under a new Trump administration, unions’ efforts may be directed more locally. “We’ll fight in Congress and in the halls of agencies,” said Jason Walsh, executive director of the Bluegreen Alliance, a coalition of unions and environmental organizations, in an interview before the election. “But I would expect our members and the members of our partners to be in the streets more, in the fullest sense of that term, and on the shop floor, and working much more in state capitals, while not taking our eyes off of all the dangerous actions that a Trump administration would pursue.”</p>
<p><em>This article <a href="https://grist.org/labor/can-labor-unions-save-offshore-wind-from-trump/" target="_blank" rel="noopener">originally appeared in Grist</a>. It has been edited to conform with Corporate Knights style. Grist is a non-profit, independent media organization dedicated to telling stories of climate solutions and a just future. Learn more at grist.org.</em></p>
<p>The post <a href="https://corporateknights.com/energy/unions-have-a-plan-to-protect-offshore-wind-from-trump/">Unions have a plan to protect offshore wind from Trump</a> appeared first on <a href="https://corporateknights.com">Corporate Knights</a>.</p>
]]></content:encoded>
					
		
		
			</item>
		<item>
		<title>There’s a new push to get net-zero targets to matter</title>
		<link>https://corporateknights.com/climate/net-zero-targets-countries-companies-follow-through/</link>
		
		<dc:creator><![CDATA[Gautama Mehta]]></dc:creator>
		<pubDate>Thu, 26 Sep 2024 15:03:29 +0000</pubDate>
				<category><![CDATA[Climate]]></category>
		<category><![CDATA[carbon footprint]]></category>
		<category><![CDATA[net zero]]></category>
		<guid isPermaLink="false">https://corporateknights.com/?p=42301</guid>

					<description><![CDATA[<p>A newly-launched "net-zero tracker" found national and corporate climate plans are plagued with insincerity, but there's some hope in efforts by Costa Rica and Google</p>
<p>The post <a href="https://corporateknights.com/climate/net-zero-targets-countries-companies-follow-through/">There’s a new push to get net-zero targets to matter</a> appeared first on <a href="https://corporateknights.com">Corporate Knights</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>Averting a worst-case global-warming scenario will require the world’s largest institutions to reduce their emissions of greenhouse gases, and do it fast. Over the last decade and a half, a standard form has emerged in which governments and corporations have made their promise to do so: the net-zero target. This is generally a voluntarily self-imposed deadline, usually decades away, by which the institution’s emissions will not necessarily actually reduce to zero, but rather by which they will at least be ostensibly cancelled out by carbon offsets.</p>
<p>As a strategy, the net-zero target has been criticized by climate advocates; at its worst, it can be a vague, unenforceable greenwashing program. But global efforts are underway to write standards for what makes a good one – and hold the target-setters to them. The net-zero targets that have actually been adopted display a surprisingly wide variety in terms of their substance: some refer to all greenhouse gas emissions and others only to carbon dioxide. The strongest include sector-specific implementation plans and credible near-term targets and cover all three emissions scopes up and down the value chain.</p>
<p class="has-default-font-family">On Monday, the Net Zero Tracker, a <a href="https://zerotracker.net/about" target="_blank" rel="noopener noreferrer">collaboration</a> between four climate organizations, released its most recent “Net Zero Stocktake” – a survey of the world’s climate pledges, including evaluations of how serious the plans are to actually follow through on them. Since the group began publishing such reports annually since 2021, it has found that, at the national level, after years of more and more countries setting net-zero targets, the growth of such pledges has now levelled off, with 147 countries, as well as the European Union, having now set targets. They include most of the highest-emitting countries. China, the world’s largest emitter, committed to carbon neutrality by 2060 in 2020 at the UN General Assembly. A significant exception is Azerbaijan, the oil-rich, gas-leaking host of November’s COP29 UN climate change conference, which has no net-zero target.</p>
<p class="has-default-font-family">But net-zero targets continue to proliferate in subnational governments, especially at the state and regional levels, and in the private sector. In the 18 months since the 2023 report <a href="https://grist.org/accountability/net-zero-targets-are-more-popular-than-ever-but-less-than-5-are-credible/">was published</a>, the number of companies with net-zero targets has increased by 23%, and local regions by 28%. (Cities’ pledges increased by only 8%.)</p>
<p class="has-default-font-family">The growth of regional targets is important because local governments play an important role in helping countries actually achieve <span class="tooltipsall tooltipsincontent classtoolTips2" data-hasqtip="1">decarbonization</span>. “Subnational regions have huge responsibility for realizing net zero on the global scale,” Sybrig Smit, a co-author of the report, said in a press briefing, adding that, in countries that have adopted national targets, “the credibility of those net zero targets simply increases when also on lower levels of government this ambition level is shown.” In the United States, 19 states have net-zero targets – and five of them aim for an earlier deadline than the federal goal of 2050.</p>
<h5 style="text-align: center;">RELATED:</h5>
<p style="text-align: center;"><a href="https://corporateknights.com/category-climate/corporate-climate-targets-oxford-net-zero-action/">Corporate climate standards are falling short. What if we change how we incentivize net-zero action?</a></p>
<p style="text-align: center;"><a href="https://corporateknights.com/leadership/mexico-claudia-sheinbaum-president-climate-scientist-energy-policy/">Mexico&#8217;s new president is a climate scientist – what will that mean for its energy policy?</a></p>
<p style="text-align: center;"><a href="https://corporateknights.com/category-climate/major-carbon-emitters-canada-not-taking-net-zero-seriously/">Major carbon emitters in Canada are still not taking net-zero targets seriously</a></p>
<p>But the pledges vary widely in substance – and very few meet anything like a gold standard. “For all the subnational governments and companies, only a very small percentage of them actually meet all of the robustness or the integrity criteria” that were tracked in the report, Takeshi Kuramochi, another of the report’s co-authors, said in the briefing. For example, of the companies surveyed (the 2,000 largest in the world), only about half of those with net-zero targets covered all greenhouse gases, rather than just carbon dioxide. The metric that companies and governments alike scored worst on was clarity on the use of offsets: less than 10% of the net-zero targets set by companies, cities and regions specify how much they will use offsets to achieve their goals.</p>
<p class="has-default-font-family">While the overall landscape of net-zero targets appears plagued by insincerity, the report’s authors gave credit to those whose pledges were more substantive – and highlighted their role in leading by example, particularly as standards are formalized for net-zero targets. The report spotlights Costa Rica’s 2030 net-zero target, which covers all greenhouse gas emissions and includes sector-specific and interim targets. In the private sector, Google and the Volvo Group received special commendation in the report for covering all three emissions scopes – which means they can’t simply pass their emissions on to suppliers or ignore the footprint of their electricity usage.</p>
<p class="has-default-font-family">Giving credit where it’s due – in the hopes of incentivizing better performance through public scrutiny – is part of the theory of change according to which setting best practices for net-zero targets might actually be an effective mechanism for climate action.</p>
<p>“Ultimately, a lot of things will need to be regulated, and that’s a positive thing,” said Catherine McKenna, a former Canadian environment minister who chaired a UN expert group on non-state net-zero targets, in the briefing. “It creates a level playing field. It means there are consequences if you don’t do the work, and if you are doing the work, then you can demonstrate that you are doing the work. We need to distinguish between those who are and those who aren’t, and [ensure] that the people who are doing the work feel really good.”</p>
<p><em>This article <a href="https://grist.org/accountability/net-zero-targets-are-everywhere-but-to-be-effective-they-need-accountability/">originally appeared</a> in </em>Grist<em>. It has been edited to conform with </em>Corporate Knights<em> style. </em>Grist<em> is a non-profit, independent media organization dedicated to telling stories of climate solutions and a just future. Learn more at grist.org.</em></p>
<p>The post <a href="https://corporateknights.com/climate/net-zero-targets-countries-companies-follow-through/">There’s a new push to get net-zero targets to matter</a> appeared first on <a href="https://corporateknights.com">Corporate Knights</a>.</p>
]]></content:encoded>
					
		
		
			</item>
	</channel>
</rss>
