Edition for 23 April 2020

Top Stories

Climate and Security (Foreign Policy)

  • In 2010, the U.S. Department of Defense identified climate change as a key threat to global stability that is contributing to poverty, food and water scarcity, environmental degradation, and the weakening of already fragile states.
  • The DoD’s assessment reflects what has since become increasingly acknowledged among security experts, international institutions, and climate scientists: that climate change is a threat multiplier that has no boundaries.
  • However, despite the United Nations’ (UN) and other multilateral institutions’ stated commitments to tackling climate change, including by slashing emissions, divesting from fossil fuels, and broader decarbonization measures, the Conference of Parties (COP) process has languished, and populist leaders are rolling back environmental protections and doubling down on fossil fuel industries, notably coal.

Irish power plant and industry emissions fell by 8.7pc in 2019 (Silicon Republic)

  • The EPA has welcomed news that some of Ireland’s biggest polluters have reduced emissions in 2019 for the third year running.
  • Ireland’s Environmental Protection Agency (EPA) has published findings on greenhouse gas emissions for 2019, showing a decrease in one of the biggest polluting sectors.
  • The EPA pinpointed a 12.3pc drop in power generation emissions due to significant quantities of wind energy powering the national grid and less use of fossil fuels in our energy mix.

Insurgent board candidates are pushing Yale and Harvard to divest from fossil fuels (Quartz)

  • Backed by the climate activist group Yale Forward (inspired by a similar group at Harvard), Thomas hopes to rally alumni behind an “ethical investment strategy” that calls for rapid, full divestment of all university assets from fossil fuels and greater consideration of environmental, racial, and social justice.
  • Inslee’s climate positions were picked up by Warren and, later, Democratic presidential front-runner Joe Biden, who now has one of the most ambitious climate platforms in US history, pushing for 100% clean energy, net-zero emissions no later than 2050, and an end to fossil fuel subsidies.
  • In February he argued in a public letter that while the school would minimize emissions in its portfolio, it would maintain investments in oil and gas firms that don’t deny climate change science.

Biden wins backing of environmental stars Gore and Inslee (Washington Post)

  • Joe Biden rolled out twin endorsements Wednesday intended to bolster his environmental credentials on the 50th celebration of Earth Day, receiving nods from two of the party’s most established voices on combating climate change: former vice president Al Gore and Washington Gov.
  • “If you care about the climate crisis, if you want to start solving the climate crisis, this is not rocket science.” He called President Trump “the face of climate denial globally.” Gore raised the alarm early on climate change, describing the threat to the planet in his 1992 book “Earth in the Balance.” Inslee’s endorsement was unveiled earlier in the day via Biden’s occasional “Here’s the Deal” podcast, which also largely focused on climate change.
  • “That’s why I’m looking forward to your leadership in the White House on this.” Inslee focused his presidential campaign last year on the importance of reducing carbon emissions and addressing climate change.

Now Is a Good Time for Brands to Press Pause and Create a More Sustainable Path Forward (Adweek)

  • Amazon disclosed in its September 2019 sustainability report that it contributed 44.4 million metric tons of carbon dioxide equivalent.
  • According to CDP, a third-party group that monitors carbon emissions formerly known as the Carbon Disclosure Project, this exceeded what FedEx, UPS and Apple put out.
  • Bezos said that he wants Amazon to lead the way with sustainability and climate change, so for a company that is named after one of our planet’s most precious resources, some bold moves should be made to renew it.

ICE launches global carbon price tracker (Reuters)

  • Charging polluters for each tonne of the greenhouse gas they emit is seen by many governments as a way of spurring investment in low carbon technology and helping countries meet pledges made under the 2015 Paris climate agreement.
  • The ICE Global Carbon Futures Index is made up of pricing from the world’s three most actively traded carbon markets, ICE said: Europe’s Emissions Trading System, California’s Cap and Trade Program and the Regional Greenhouse Gas Initiative (RGGI).
  • As of 2019, some 46 nations and over 30 cities, states and regions have a price on carbon emissions via a tax or trading schemes, covering just over 20% annual global greenhouse gas emissions, World Bank data showed.

Beam Mobility First in APAC to Achieve Climate Neutral Certified Status (Business Insider Singapore)

  • Beam, the largest micromobility player in APAC, has successfully achieved Climate Neutral Certified status by measuring its 2019 greenhouse gas emissions footprint, purchasing carbon credits to offset that footprint, and implementing plans to reduce emissions this year and beyond.
  • The process involves first estimating all of the carbon emissions from making and delivering a company’s products or services.
  • Carbon credits direct investment into reducing and capturing carbon dioxide, and can support a range of projects such as forest conservation, renewable energy, and direct destruction of climate-changing gases.

Capri Holdings Announces Global Corporate Social Responsibility Goals (Business Wire Retail News)

  • Commits to Net Zero Emissions and 100% Renewable Energy by 2025.
  • Capri Holdings Limited, a global fashion luxury group, is proud to release its first group-wide corporate social responsibility strategy on the 50th anniversary of Earth Day.
  • The report builds upon the meaningful initiatives that each of the company’s brands has already been working on, and outlines the company’s global strategy to achieve significant, measurable goals across a range of important environmental and social sustainability issues, including material sourcing, greenhouse gas emissions, water use, waste reduction, diversity and inclusion and philanthropic giving.
  • The company’s corporate social responsibility strategy is divided into three areas: All of the goals and objectives in the Capri Holdings corporate social responsibility report support the United Nations’ 17 Sustainable Development Goals.

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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