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Current Climate: Companies Stick To Sustainability Targets

Mar 24, 2025 - forbes.com
The article discusses the ongoing commitment of companies to sustainability despite negative environmental policies from the Trump Administration. According to PwC’s State of Decarbonization report, more than 4,000 companies are sharing sustainability plans, a significant increase over the past five years. A third of corporate respondents plan to set higher sustainability targets, and 83% are investing in low-carbon R&D. The report highlights that sustainable products can boost revenue by up to 25%. However, the continuation of these trends is uncertain due to potential policy rollbacks favoring fossil fuels.

Additionally, the article covers Elon Musk's xAI data center in Memphis, which uses mobile natural gas turbines due to insufficient grid power, raising environmental concerns. It also explores the commercial path of clean hydrogen in the U.S., with potential growth contingent on federal subsidies and policies. Globally, the clean hydrogen market is promising but may fall short of 2030 targets, requiring significant investment. The article concludes with a roundup of other sustainability-related news, including Tesla's leadership challenges, glacier ice loss, and energy policy debates.

Key takeaways:

  • Despite negative environmental policies from the Trump Administration, many companies are still committed to sustainability, with over 4,000 companies sharing decarbonization plans in 2024.
  • Elon Musk's xAI data centers in Memphis are using unauthorized mobile natural gas turbines, raising environmental and legal concerns.
  • The U.S. has significant potential for clean hydrogen development, but uncertainty around federal subsidies could impact market growth.
  • Global investment in clean hydrogen is growing, with $75 billion in decisions made recently, but achieving targets by 2030 remains challenging.
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