Green Markets - December 13, 2024

Dec 13, 2024

Green Markets is a daily series dedicated to highlighting events of interest that could impact investments within environmental markets.

Canada is proposing a $15 billion incentive to encourage domestic pension funds to invest in AI data centers powered by green energy. This initiative aims to address the rising energy demands of AI while advancing the country’s clean energy transition.

ExxonMobil is pioneering a carbon capture and storage (CCS) solution for U.S. data centers, focusing on decarbonizing this energy-intensive sector amid AI-driven growth. The proposed facility will generate power using low-carbon natural gas while capturing over 90% of CO2 emissions, which will be stored underground.

Related Stock List(s): Carbon Capture Stocks

The U.S. Department of Energy (DOE) has allocated up to $365 million from its $1 billion Puerto Rico Energy Resilience Fund (PR-ERF) to new solar and battery storage installations. Up to $190 million will fund public and subsidized housing systems, while $175 million will target healthcare facilities like federally qualified health centers and dialysis clinics in underserved areas.

The World LNG Summit in Berlin highlighted the growing focus on decarbonization and compliance with new EU methane regulations, set to take effect in 2027. Industry leaders anticipate a two-tier LNG market, dividing certified low-emission cargoes from uncertified ones, as buyers increasingly demand emissions data across the supply chain.

Related Stock List(s): LNG Stocks

Australia’s opposition leader, Peter Dutton, has proposed a $211 billion plan to integrate nuclear power into the country’s energy mix, including constructing seven nuclear plants by 2050. The plan aims to decarbonize the grid, lower energy costs, and boost reliability while potentially lifting bans on uranium mining in Western Australia and Queensland.
Last Energy has secured a tentative $103.7 million debt financing offer from the Export-Import Bank of the United States to build the first of four planned 20 MW micronuclear reactors in Bridgend, Wales. The first reactor is expected to be operational by 2027.

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