As we start 2023, we expect the clean energy revolution to continue and we’re carefully watching these top three climate trends… First, an increase in ESG funding is on the horizon as well as new regulations governing these ESG funds. Second, the drive for electric vehicles cranks into high gear in 2023. Beyond skyrocketing EV sales, we’ll see a substantial increase in battery-powered school buses, fleets and commercial trucks. And third, we predict the challenge to reduce Scope 3 emissions will take center stage in 2023.

EPA Scopes have created a framework for a path forward on reducing emissions, and investors are following the lead. Investment areas are concentrated, for now, on Scopes 1 and 2. These scopes cover greenhouse gases (ghgs) from sources owned or controlled by a federal agency to ghgs resulting from generation of electricity, heat or steam purchased by a federal agency. Scope 3 is tackling ghgs from sources not owned or directly controlled by a federal agency but related to activities. This means transportation, business air travel, commuting, contracted solid waste and wastewater are covered.