Edition for 05 June 2020

Top Stories

U.K. Finds That Green Business Is Good Business (NY Times )

  • With a boom in wind power and a drop in carbon-dioxide emissions, the island nation has found success in clean energy.
  • The turbines helped Britain pass a milestone: in 2019, more electricity was generated from sources like wind and solar and nuclear power that produce no carbon-dioxide emissions than from carbon-emitting fuels like natural gas and coal.
  • In fact, over the last three decades, according to figures collected by the World Resources Institute, a Washington-based nonprofit group that tracks climate change, Britain has reduced carbon dioxide generated in the country by about 40 percent, more than any other major industrialized country.

The Energy 202: Two GOP senators join with Democrats to back bill to help cut emissions from farms (Washington Post)

  • A new legislative proposal tackling the impact U.S. agriculture is having on rising global temperature is the latest effort from some GOP lawmakers to turn over a new, green leaf on global warming.
  • California and 10 Northeastern states have set up markets for buying and selling credits for the right to emit carbon into the atmosphere, effectively putting a cap on those states’ contributions to climate change.
  • Other voluntary markets let eco-conscious consumers pay money to offset emissions from airline travel and other activities.

LNG fails to answer shipping's big energy transition question (S&P Global Platts)

  • LNG has the shipping industry's attention as the next step to meeting climate change goals.
  • Supporters of liquefied natural gas in the marine sector claim it has fewer greenhouse gas emissions than oil-based fuels, while cleaner alternatives such as biofuels, hydrogen, ammonia and methanol are still in developmental phases and with many challenges to overcome.
  • "Using LNG does not deliver the emissions reductions required by the IMO's initial greenhouse gas strategy, and...using it could actually worsen shipping's climate impact," it noted.

Volvic Announces Global Carbon Neutrality and B Corp™ Certification, Also Pledging to Continue Protecting 2 Billion Square Meters of Natural Ecosystems (Business Wire Natural Resources News)

  • That’s why ahead of World Environment Day, and as part of their ongoing sustainability efforts, Volvic is sharing their newly awarded B Corp™ certification for the global brand and global carbon neutrality milestone.
  • As part of their carbon neutral certification, in partnership with the climate solutions company South Pole, Volvic is supporting projects that protect two billion square meters of natural ecosystems in volcanic countries such as Peru, Congo and Uganda.
  • Hugh Jones, Managing Director Business Services, the Carbon Trust, adds: “We are proud to have certified the Volvic brand as carbon neutral – a significant achievement that represents a real commitment to decarbonisation."

Jeweler Pandora pledges to phase out mined gold and silver by 2025 (Inquirer Philippines)

  • Today, the jewelry brand has gone even further with a commitment to exclusively use recycled gold and silver in all of its jewelry by 2025.
  • With the new initiative, Pandora aims to achieve a two-thirds reduction in its silver processing emissions, and more than 99% for gold.
  • “The need for sustainable business practices is only becoming more important, and companies must do their part in response to the climate crisis and the depletion of natural resources."

Trump Takes Moment of National Crisis to Give Polluters an Unprecedented Pass (NRDC)

  • President Trump signed an unprecedented executive order today that allows industry to skirt foundational environmental laws, such as the National Environmental Policy Act and the Endangered Species Act, in order to rubber-stamp polluting projects.
  • The order will allow industry to bypass the review requirements of the National Environmental Policy Act (NEPA), one of the country’s bedrock environmental laws that ensures robust involvement from the communities most directly impacted by proposed projects, such as pipelines and power plants.
  • And in April, the U.S. Environmental Protection Agency told polluters they no longer had to monitor or report their emissions, which NRDC is now fighting in court.

Edmonton to join low-carbon cities network and share in $183M fund (Global News)

  • The city is about to sign a memorandum of understanding with the Alberta Ecotrust Foundation, which will lead to a $22-million investment in green technology. 
  • It’s one segment of the $183-million Climate Innovation Fund that was announced in the federal budget in March 2019. 
  • Edmonton will be part of the low-carbon cities network in a cross-country effort to reduce urban greenhouse gas emissions.

Sylvain Carle on his departure from Real Ventures and “next chapter” (Betakit)

  • “This has been brewing for us for a while but I wanted more than where the rest of my partners at Real were at, especially for the planet,” Carle told BetaKit.
  • Because of his passion, Carle decided to step down from his role as venture partner at Real to pursue new opportunities in the climate change and impact space.
  • The venture partner has long played a significant role in the Montreal and broader Quebec tech scene. 

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.

Subscribe

Receive email updates on new features, news, and our technology.