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Sustainable IT and Climate Tech News 31 December 2024: Telco Challenges, CleanTech Funding Trends, Miami Climate 365, Nvidia Acquisition and More

December 31, 2024 by Joe Panettieri

Here is today’s sustainable IT services and climate tech news, research and analysis -- written for technology partners, green IT service providers, CIOs, chief sustainability officers (CSOs) and climate accounting professionals.

A. Sustainable IT, Talent, Partnerships and Green Tech Alliances

1. Telcos and Net Zero Challenges: Telco network operators are "failing badly" in the fight against climate change, a Research and Markets report assets. Among the metrics to note: Renewable energy represents only about 20% of the total energy consumed by telcos in 2023 (which is low) and telco greenhouse gas (GHG) emissions in 2023 were roughly the same as 2019, the report said.

2. Auto Manufacturing - Carbon Monitoring Platform: Hyundai Motor and Kia have developed an Integrated Greenhouse Gas Information System (IGIS), which is "designed to monitor, quantify and manage carbon emissions throughout the entire vehicle lifecycle," according to Automotive World.

3. AI and Content Copyrights: Anthropic must apply guardrails to prevent its future AI tools from producing infringing copyrighted content, according to a December 30 agreement reached with music publishers suing the company for infringing protected song lyrics, Bloomberg Law reported. Related: See all AI lawsuit news here.

B. Sustainability M&A, Climate Tech Investments, Funding and Green IT Business Launches

1. CleanTech Funding Slowdown: Funding in the CleanTech sector was "comparatively week" in 2024 compared to the three previous years, Crunchbase reported, and deal counts also were down.

2. M&A - AI Chips and Software: Nvidia has completed the Run:AI acquisition. Nvidia plans to open source Run:AI's software, which allows customers to improve the efficiency and utilization of GPU systems. Nvidia announced the $700 million acquisition in April 2024. Related: See all Nvidia sustainability and energy efficiency news.

3. M&A - Renewable Energy Infrastructure: JSW Neo Energy is acquiring a 4,696MW renewable energy platform from O2 Power Pooling, a joint venture between EQT Infrastructure and Temasek, for $1.47 billion. The acquired assets -- spanning solar, wind and hybrid energy technologies -- are located across seven states in India.

C. Regional and Global Sustainability Policies and News

1. United States - Miami, Florida: The City of Miami, Florida has launched Miami Climate 365, an effort to communicate and collaborate in the battle against climate change, rising sea levels, extreme heat and additional environmental challenges. The year-round effort includes Miami Climate Week, 2025 a series of events scheduled for March 23-29.

2. United States - Electric Grid Lawsuit: Pennsylvania Governor Josh Shapiro filed a complaint with a federal energy regulator against PJM Interconnection, arguing that the largest U.S. power grid operator must change its market rules or risk soaring electricity costs, Reuters reported.

3. Taiwan Carbon Emissions: Taiwan is striving to cut greenhouse gas (GHG) emissions by roughly 30% by 2030 -- upgrading a previous target despite ongoing challenges, Bloomberg reported.

D. Sustainable IT and Green Technology Conference Calendar

  1. CES 2025 (January 7-10, Las Vegas, Nevada)
  2. Sustainable and Impact Investments International Conference 2025 (January 14-15, Dublin, Ireland)
  3. Davos 2025 -- World Economic Forum 2025 annual meeting (January 20-24, Switzerland)
  4. Sustainable Foods Summit 2025 (January 22-23, San Francisco, California)
  5. Cleantech Forum North America 2025 (January 27-29 in San Diego, California)
  6. Complete Calendar of Sustainability Conferences

E. Previous Updates & Future News

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