It is much more important for China—the world’s biggest consumer and producer of coal—to make a similar commitment at home. China added around three-quarters of the world’s new coal plants last year, according to Global Energy Monitor. Coal-power capacity outside China has been declining since 2018, as the U.S. and Europe had retired their plants.
"Iron Ox grows plants under natural sunlight, leveraging photosynthesis — the 3-billion-year-old process by which plants use energy from the sun to turn atmospheric CO2 into plant biomass, and the most scalable carbon capture technology on Earth."
Emily Holbrook of Energy + Environment Leader reports on how L’Oreal USA achieved carbon neutrality across all U.S. sites. “Since 2005, L’Oréal USA has been advancing its renewable energy ambition through a multi-pronged approach aimed at improving energy efficiency and transitioning to 100% renewable energy.” Read the full article here.
Alexis Benveniste of CNN Business reports that more than 200 companies have signed on to Amazon’s Climate Pledge. “Together, the signatories of the climate pledge generate more than $1.8 trillion in total global annual revenue and have more than 7 million employees across 26 industries in 21 countries, according to Amazon (AMZN). Visa (V), Pepsi (PEP), Heineken (HEINY) and Alaska Airlines (ALK) are among the list of...
"Trucking's 'strong energy density' provides notable range benefits for long-haul, heavy-duty fleets, Kaye said. Hydrogen fuel cells are also considered attractive because they offer quicker fueling times than other diesel alternatives."
"Fifth Wall, a venture firm focused on technology for the real estate industry, says the new investors in its climate tech fund include large players such as Equity Residential, Hudson Pacific Properties, Invitation Homes, Ivanhoe Cambridge and others."
Jesse Klein writes for GreenBiz on PepsiCo’s environmental efforts. “In January, the food and beverage company announced a plan to reduce direct emissions by 75 percent and Scope 3 emissions by 40 percent by 2030, and to strive to be entirely net zero by 2040. The new goals include the previous net-zero emissions target by 2040 but...
"In 2016, Gates launched the $1 billion Breakthrough Energy Ventures fund that now has the backing of more than 25 investors to develop affordable clean energy. The fund has supported a range of startups, including those that work to replace fossil fuels and make meat alternatives."
"Bernie Sanders, AOC, and the rest of the progressive wing of the Democratic Party will likely revolt against a private sector approach to climate change. Their entire identity has centered on big government. But, with certain exceptions (the Apollo program comes to mind), that approach only leads to frustration and waste."