Best practices for digital infrastructure businesses impacted by SVB's collapse
The sudden and unexpected closure of Silicon Valley Bank (SVB), which managed US$212 billion in assets, has sent shockwaves through the financial community hav...
Electricity generates 25% of the world's greenhouse gas emissions and is key to decarbonising other sectors of the economy, including buildings, transport, and industry.
Founder and Editor, The Tech Capital
August 25, 2021 | 12:00 AM BST
Google (NASDAQ: GOOGL) has partnered with Sustainable Energy for All (SEforALL) and is calling on companies, governments and other stakeholders to enact the policies critical to fully decarbonise the world’s electricity systems.
The two parties said they are building a global Energy Compact for 24/7 Carbon-free Energy (CFE) but they want other brands and voices to get involved.
SEforALL is an international organisation that works in partnership with the United Nations and leaders in government, the private sector, financial institutions, civil society and philanthropies to drive faster action towards the achievement of Sustainable Development Goal 7 (SDG7) – access to affordable, reliable, sustainable and modern energy for all by 2030 – in line with the Paris Agreement on climate.
The Compact was introduced by SEforALL and is backed by UN-Energy as a key outcome of the upcoming UN High-level Dialogue on Energy in September, The Energy Compacts are public and trackable commitments, with specific actions, made by governments, companies and others to achieve energy transition goals by 2030 – including universal access to affordable and clean energy.
Kate Brandt, Chief Sustainability Officer of Google, said: “We are eager to work with Sustainable Energy for All and the world’s governments and corporations to fully decarbonize grids and support a carbon-free economy.
“With this global Compact, we have a unique opportunity to transform energy policies, technologies, and procurement practices- but only if we work together.” said.
Google is aiming to operate on carbon-free energy – every hour of every day, at all of its data centres and office campuses around the world, by 2030.
Data centres across the world, including colocation, hyperscale and other facilities are said to amount to 3% of global energy use, and are set to increase to 9% in the coming years.
Damilola Ogunbiyi, CEO and Special Representative to the UN Secretary-General for Sustainable Energy for All, said: “This partnership with Google sends a powerful signal that none of us alone can achieve the scale necessary to tackle the double crisis of climate and energy poverty.
“The only hope we have to heal our planet and to provide opportunities for billions is together through partnerships like this that can pave the way for others to follow.”
Article not found