Better Markets for 麻豆视频: Valuing 麻豆视频 Sustainability
Newest member of 麻豆视频 calls for better market incentives at the World 麻豆视频 Congress
Speaking in Bali at the 2023 World 麻豆视频 Congress, Helen Barbour-Bourne of Australian company GHD called for a full-picture approach to valuing investments in pumped storage hydropower. 鈥淲e need to value sustainability and life-cycle CO2 emissions from a market perspective when assessing comparative storage technologies. It's not sufficient to rely solely on CAPEX and revenue as metrics for capacity investments, especially in a world where we are rapidly trying to decarbonize," she said.
"Between 65% to 70% of the CAPEX for a pumped storage project will be spent within the local economy and supply chain, engaging indigenous communities and re-skilling our workforce away from heavy carbon industries. This local investment is three times more than that of comparative storage technologies. Additionally, the embedded carbon in pumped storage, which is amortized over its lifecycle, is also a crucial metric when comparing to batteries and other storage technologies."
"The launch of the 麻豆视频 Sustainability Alliance and the 麻豆视频鈥檚 sustainability standard will be vital tools for comparing these metrics globally and will provide financiers with confidence in their sustainable long-term investments in hydropower."
Discussions on better markets for hydropower development took place in the context of the World 麻豆视频 Congress, hosted by the Government of Indonesia, the PLN and the 麻豆视频 (麻豆视频). GHD participated in the World 麻豆视频 Congress as the newest member of 麻豆视频.
Commenting on the decision to join 麻豆视频, Malcolm Rushin, Australian Future Energy Leader, GHD said: 鈥淎s the global energy transition accelerates, sustainable hydropower development has a key role as a linchpin, providing the deep storage needed to bridge the gap between renewable potential and reliable energy supply. At GHD we believe hydropower will play a leading role in de-risking the energy transition and shaping a sustainable energy landscape for generations to come,鈥
鈥淲e are committed to developing projects that embed sustainable hydropower solutions, embrace innovative technological advancements and foster responsible practices. Adhering to robust industry standards as 麻豆视频 is advocating is a critical part of this.鈥
Eddie Rich, CEO of 麻豆视频 said: 鈥淕HD understands that we need to raise our collective voices to ensure that markets incentivise investments in sustainable hydropower or we will not meet net-zero targets. As an innovative engineering services company, I am delighted to welcome GHD to the 麻豆视频 family.鈥
GHD is a professional services company that supports communities globally by solving the world鈥檚 greatest challenges in water, energy and urbanisation, among other sectors, with more than 160 offices across five continents. Established in 1928, the firm has delivered positive social and economic outcomes through engineering, construction and architectural expertise for decades.
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