The Business Development Bank of Canada announced a second round of investments in Canadian green technology on November 1, bringing its investment total in clean tech to $1-billion.

Combining government funds from green initiatives with institutional investments from around the world, the BDC aims to create lasting relationships with promising companies in order to reach the net-zero greenhouse gas emissions goals set by the federal government.

Chubu Electric Power Co. Inc, Japan’s third largest power provider, has invested in Eavor Technologies inc.
The purchase, announced on October 14, 2022, is the Japanese power giant’s first investment into the international geothermal energy market. Chubu’s official website totes Eavors’ technology as a “game changer,” and cites the revolutionary Eavor-Loop ™ as a integral part of a greener future.

“The total installed geothermal heating capacity in Europe is expected to increase by 58% by 2030 according to a research done by business intelligence company Rystad Energy.”

To have a hope of stemming climate change, of staying under the 2° C rise that scientists have said is a critical milestone, we will need every available solution and many more that have yet to be developed.

An article featured in The Economist explores a number of approaches to rein in fossil fuel use in relation to the global climate crisis. The article includes several valid points and recommendations pursuant to a feasible energy transition while minimizing environmental harm.

Recent heat waves worldwide, with record temperatures threatening food production and even human survival, highlight an obvious but very important fact: a consequence of global warming is an increasing need for sustainable cooling strategies.