All of us at Peak Power are feeling optimistic this Earth Day. Governments around the world have made concrete commitments to improve their environmental – and social – impact. Here are some items we are thrilled
A Focus on Energy and Cleaning the Canadian Economy
The 2021 budget aims to support a green recovery to create jobs, build a clean economy, and fight and protect against climate change.
Highlights:
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$17.6 billion towards a green recovery. This is on top of the $15 billion investment committed to via the Climate Plan released in December 2020
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$2.3 billion over five years to Environment and Climate Change Canada, Parks Canada, and the Department of Fisheries and Oceans
National Resources Canada’s Smart Renewables and Electrification Pathways Program
NRCan created a new $964M program to support renewable energy, energy storage and grid modernization (Smart Renewables and Electrification Pathways). This program is a monumental achievement for distributed energy resource (DER) adoption in Canada. It is also built upon a unique lens of justice, equity, diversity, and inclusion.
Clean energy funding in the 2021 US Budget Request
On March 31, President Biden released his administration’s $2 trillion plan for the nation’s infrastructure and job creation.
Highlights:
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$400B towards energy efficiency and building upgrades
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$174B in electric vehicle incentives
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$100B towards renewing the electric grid and transitioning to clean energy
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$81B towards advancing clean energy manufacturing and climate technology
- To top it off, on Biden recently committed to slashing US emissions by 50% by 2030
EU Bringing Their Climate Commitments into Law
This one is not financial, but major because this is now a legal commitment for the entire EU to decarbonize. Considering the Peak staff couldn’t even agree on lunch orders pre-COVID, we admire the 27 member states for reaching this momentous agreement.
Highlights:
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The law transitions EUs political commitment to Net Zero into a legal commitment for Europe
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It strengthens the European framework for climate action by adding
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a 2030 climate target of at least 55% reduction of net emissions as compared to 1990
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a commitment to negative emissions after 2050
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Creating a better planet is a shared value among the Peak Power team. We’re here because we can make a positive environmental impact. Peak Power supports optimized commercial building energy use, grid resiliency, and is revolutionizing electric vehicles. Let us help you make changes for the better.
