Australia is embracing net zero goals, writes @davidfickling, while the US and much of Europe is backpedaling on climate action (via @opinion) https://t.co/D76smDLK7m ...

Climate Action & Geopolitics - Bloomberg Green New York event during Climate Week NYC will address climate action during geopolitical uncertainty and economic vulnerability [1] Event Focus - The event aims to explore how to advocate for climate action amidst geopolitical uncertainty and economic vulnerability [1]

RT Bloomberg Live (@BloombergLive)Climate change poses both risks and opportunities for the private sector.At #BloombergGreen during #ClimateWeekNYC we speak with the top names in business, markets and finance about how they’re investing in climate action. https://t.co/jbxWg04sSi ...

RT Bloomberg Live (@BloombergLive)As climate consciousness becomes an inherent part of our reality, the choices we make are defining a new spectrum of climate action. How can every day moments add up in the fight against climate change? Join us for #BloombergGreen New York. #ClimateWeekNYC https://t.co/uZCLqxLCVO https://t.co/kSfOQ3hF4w ...

Core Insights - Ormat Technologies Inc. released its annual Sustainability Report, showcasing its commitment to sustainability and renewable energy [1][2] - The report emphasizes the company's progress in expanding renewable energy capacity and enhancing its environmental, social, and governance (ESG) performance [2][4] Sustainability Achievements - The 2024 Sustainability Report highlights significant achievements, including avoiding approximately 2,488,811 metric tons of CO2e emissions, which is over 11 times more than the emissions produced by the company [8] - The company met its annual target by reducing Scope 1 & 2 emissions intensity by an average of 5% compared to the base year [8] - Ormat contributed nearly $1 million to community initiatives across its global locations [8] Governance and Reporting Standards - The report is aligned with the Global Reporting Initiative (GRI) standards and the Sustainability Accounting Standards Board (SASB) requirements, as well as the Task Force on Climate-Related Financial Disclosures (TCFD) recommendations [4] - The company aims to enhance transparency through comprehensive reporting and disclosures, thereby creating long-term value for stakeholders [4] Company Overview - Ormat Technologies is a leading geothermal and renewable energy company with over six decades of experience [6] - The company operates a total generating portfolio of 1,618 MW, which includes 1,268 MW from geothermal and solar generation, and a 350 MW energy storage portfolio located in the U.S. [6] - Ormat is vertically integrated, engaging in geothermal and recovered energy generation, and is focused on accelerating growth in the energy storage market [6]

RT Bloomberg Live (@BloombergLive)During times of geopolitical uncertainty and economic vulnerability how should we be advocating for climate action? Join us for #BloombergGreen New York amidst #ClimateWeekNYC🌱https://t.co/KexXF7l2NN https://t.co/TgSqhgbeKu ...

Climate Action & Geopolitics - The industry should advocate for climate action during geopolitical uncertainty and economic vulnerability [1] - Bloomberg Green New York is hosting an event amidst Climate Week NYC [1]

RT Bloomberg Live (@BloombergLive)Join #BloombergGreen for a solutions-focused look into a new era of climate action during #ClimateWeekNYC. 🌍 https://t.co/VNS1vNGPcg ...

Moves by companies to talk less about climate action may stall efforts to cut the cost of emissions reductions, according to the head of carbon exchange Climate Impact X https://t.co/9lSJvqQ6QH ...

EU-China Relations & Trade Dynamics - Expectations for the EU-China summit are low, with a joint statement on climate action being the most likely deliverable [1] - The EU-China relationship is at an inflection point, with potential for improvement or deterioration [2] - China seeks a "win-win" relationship with the EU, a major trading partner [2] - The EU is concerned about the trade imbalance with China, where China exports significantly more to the EU than it imports [3] Trade Imbalance & Shifting Geopolitics - The EU's trade imbalance concerns with China have intensified recently [3] - China has positioned itself as a partner for countries facing unilateral tariffs, particularly in the context of trade conflicts [5] - Closer ties between the EU and the US (potentially through a 15% tariff deal) could reduce the EU's incentive to make concessions to China [4][6] - The idea of EU-China alignment solely based on shared trade rivals is not substantial due to underlying economic issues [6] Key Issues & Obstacles - The EU is troubled by China's economic and diplomatic support for Russia following the invasion of Ukraine [7] - European public opinion views Russia as the greatest threat, making China's support for Moscow problematic [7][8] - EU concerns include the decline in its vehicle exports to China, while China's electric vehicle exports to the EU have increased dramatically [8]