Climate Week NYC brings business leaders together to discuss a sustainable future and what it takes to get it done. Kim Carnahan sits down to address alternative fuel trends and how recent government regulation is spotlighting this lever.
Transcript has been edited for clarity
I am excited to be fully in person again this year. We have been working with a bunch of companies on their alternative fuel strategies for well over a year and have never gotten to meet them in person. I'm psyched to get to talk to them about what we've accomplished and how we're going to make it even greater.
The majority of my clients tend to be at the leading edge of the alternative fuel space. The trend this year has been organizations looking for ways to partner with their suppliers to decarbonize their fuels use. I have one client who is working on sustainable aviation fuel. They're working with a number of different airlines to get more staff into their supply. Another client has hired us to help them decarbonize their heavy-duty trucking suppliers. We're doing a first-of-its-kind pilot project to figure out how to transition their fleets from diesel to green hydrogen.
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The U.S Congress just helped out a lot. The Inflation Reduction Act (IRA) contains numerous provisions that are going to help move projects forward. For example, I work with a lot of companies on green hydrogen projects. Green hydrogen gets a three-dollar kilogram subsidy under the Inflation Reduction Act. I'm sure this is going to be the number one topic at Climate Week, and I can't wait to hear about what companies are starting to consider implementing just based on the passage of IRA.
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