Edition for 14 April 2020

Top Stories

Preparedness is the cure (Bangkok Post)

  • This should teach us a lesson worth heeding when tackling the other crisis that hasn't gone away: climate change.
  • A World Bank report released in September 2019 suggested that spending $1.8 trillion in the coming decade on climate-friendly measures would generate $7.1 trillion in economic benefits.
  • In November, the Economist Intelligence Unit found that, if the world doesn't do more to cut emissions, the economic cost could be as much as $7.9 trillion a year by 2050.

Coronavirus tipped to trigger record fall in global emissions (The Sydney Morning Herald)

  • Global carbon emissions are tipped to fall 6 per cent this year, more than during any previous economic crisis or war, led by a plunge in fuel consumption as the coronavirus hits economic activity and travel.
  • Emissions from global aviation are estimated to fall by up to 350 million tonnes by the end of the year.
  • Climate change publisher Carbon Brief expects reductions in factory output and travel as countries try to control the spread of coronavirus will cut 2 billion tonnes from worldwide emissions, which hit a record 36.8 billion tonnes last year.

Japan minister: Paris accord under threat if coronavirus trumps climate change (Reuters)

  • Japanese Environment Minister Shinjiro Koizumi warned on Monday that the Paris climate accord could face death if steps to fight global warming were put on the backburner to facilitate the economic recovery from the coronavirus pandemic.
  • Under the landmark 2015 Paris accord, nearly 200 nations agreed to reduce greenhouse gas emissions in a bid to prevent catastrophic planetary warming.
  • Japan last month submitted to the United Nations its closely watched target to reduce greenhouse gas emissions in a five-year review.

Trump’s crude problem: OPEC diplomacy can’t save America’s oil jobs (Politico)

  • “Does it save shale? Not necessarily,” said Randolph Bell, director of the Atlantic Council’s Global Energy Center. “But it’s a really good thing for his politics domestically.”
  • Measures such as cutting off military aid to Saudi Arabia, as suggested by Sen. Kevin Cramer (R-N.D.) or imposing tariffs, as sought by Trump backer and shale magnate Harold Hamm, surely caught the eye of the Saudi leaders, said Jason Bordoff, director of the Center on Global Energy Policy at Columbia University and a former energy adviser to President Barack Obama.

HelloFresh Announces Plans to Offset 100 Percent of Its Carbon Emissions (Business Wire Energy News)

  • Through carbon balancing initiatives and investments that will reduce greenhouse gasses in the atmosphere, HelloFresh is taking an industry-leading step towards reducing its environmental impact across all US brands including Green Chef and EveryPlate.
  • Partnering with terrapass, HelloFresh is engaging an industry leader in the provision of audited and third party-certified U.S.-based carbon offsetting to balance its carbon emissions, starting with the 2020 calendar year.
  • In addition, HelloFresh’s direct-to-consumer business model leverages a streamlined supply chain and more efficient distribution, making its carbon footprint 25% less than meals made from store-bought groceries*, even before offsetting.

Aflac’s comms senior VP: ‘Communicators need to be the calm in the chaos’ (PR Daily)

  • Hernandez-Blades, who oversees Aflac’s communications and its environmental, social and governance (ESG) initiatives, will be inducted into Ragan’s Top Women in Communications Hall of Fame later this year.
  • “Part of sustainability is having it already baked into your business planning; then you are already doing the right thing for the long term.”
  • The potential positive impact of the pandemic: “This crisis will slow us down, and in a counterintuitive way—as in this most human of crises, we’re creating deeper connections through an artificial means: technology.

The Climate Sentinel is an AI-powered news assistant for ESG investors and those concerned about climate change, corporate social responsibility, and related topics. Learn more.

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