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Head of U.S. Department of Energy Loan Programs on Being a "Catalyst" for Wall Street and Why the Current Pace of Deployment for Climate Solutions in the United States is "Wholly Unacceptable"


Head of U.S. Department of Energy Loan Programs on Being a “Catalyst” for Wall Street and Why the Current Pace of Deployment for Climate Solutions in the United States is “Wholly Unacceptable”
WASHINGTON--(BUSINESS WIRE)--“Too much money and not enough projects” is how the head of the DOE Loan Programs Office characterizes the current pace of deployment for climate-related projects in the United States.
“The pace at which we are deploying climate solutions is wholly unacceptable,” says Jigar Shah, director of the U.S. Department of Energy’s Loan Programs Office that has more than $40 billion in loans and loan guarantees available to help deploy large-scale energy infrastructure projects in the United States. “The United States is at maybe $200 billion a year of climate change solution deployment annually. That number has to probably be a trillion dollars a year to be able to be on track to [achieve] the goals that the president will be announcing [at the United Nations Climate Change Conference] in Glasgow.”

Stanford-university , California , United-states , Louisiana , Glasgow , Glasgow-city , United-kingdom , London , City-of , America , Timothy-latimer , Herb-lin

Accelerated digitalization speeds towards sustainability


Accelerated digitalization speeds towards sustainability
published :
10 Feb 2021 at 17:38
By Ron Beck, Marketing Strategy Director and Dr. Paige Morse, Industry Marketing Director, Aspen Technology
The 2020 pandemic slowed industrial activity, reduced urban traffic, and halted most non-essential air travel. Economic and social turbulence impacted operations and markets for energy and chemical companies. This accelerated digital transformation and reinforced emphasis on sustainability. Globally intertwined dependencies across economies, supply chains, company value chains, climate, biodiversity, and health, became clearer, making digital technology a key enabler. 
As 2021 kicked in, industry leaders focused on strengthening agility and resilience in their businesses. This includes further accelerating digitalization for most energy and chemical companies. As a strategic weapon, digitalization enables agile supply chains to pivot their businesses, as energy transition picks up steam and reacts to turbulent economics, and this is forecasted to persist through most of 2021. Companies grapple with an increasing need to provide asset integrity and safety via remote approaches. 

China , India , Paige-morse , Ron-beck , Crystol-energy , International-energy-agency , Aspen-technology , Technology-center-mongstad , Marketing-strategy-director , Industry-marketing-director , Southeast-asia , Southeast-asian