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Canada invests $40M to expand HVDC transformer manufacturing
The Government of Canada announced a $40 million investment through the Strategic Response Fund to expand Hitachi Energy Canada’s Varennes transformer manufacturing facility, build a test laboratory, and establish an HVDC simulation and collaboration centre in Montréal.
UK commits to 81% emissions cut by 2035
The Rt Hon David Lammy, UK Deputy Prime Minister, announced the UK’s Nationally Determined Contribution to cut greenhouse gas emissions by at least 81% by 2035 versus 1990 levels.
Canada funds satellite data projects to protect biodiversity
The Canadian Space Agency announced a $5 million smartEarth investment to fund 20 Canadian companies to develop satellite-data projects addressing biodiversity challenges, announced on September 29, 2025 in Longueuil, Quebec at the 76th International Astronautical Congress.
EU renewables reach 54.0% of electricity in Q2 2025
Eurostat reports that renewables supplied 54.0% of net electricity generation in the EU in Q2 2025.
Climate resilience investing: $600B–$1T by 2030
McKinsey publishes an analysis estimating an addressable market of $600 billion to $1 trillion by 2030 for 49 prioritized climate-resilience technologies and outlines steps to mobilize private capital into this nascent field.
AI diffusion linked to higher local CO2 emissions
CEPR discussion paper by Bonfiglioli, Crinò, Filomena and Gancia (2025) documents that AI penetration is associated with faster CO2 emissions growth across US commuting zones between 2002 and 2022.
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