"The most polluting part of a building is hiding underfoot. Floors account for more than 40% of most multi-story buildings’ total mass, and many of the surfaces that hold up office floors and apartments are made of concrete."
Finance firms join group to deploy private capital in climate flight
"The aim is to funnel the alliance’s collective $130 trillion in assets (representing 40% of the world’s capital) into projects that help the globe reach the target set out by the Paris agreement of limiting warming to 1.5 degrees Celsius."
Pacific Northwest companies merge and raise cash to build energy efficient, modular construction tech
Lisa Stifler of GeekWire writes on two Pacific Northwest companies that have merged to build energy-efficient modular construction tech. “There’s general agreement that the construction sector is well overdue for modernizing, and many see modular or prefab technology as part of the solution. NODE has been developing an approach to building energy-saving homes out of...
Rising Oil Prices Put Biden in a Bind Over Climate Pledges
"His administration’s ambitious agenda to stem global warming calls for a shift away from fossil fuels. Yet Mr. Biden is now urging the Organization of the Petroleum Exporting Countries to increase production to ease shortages and lower prices."
Why Financing the Multi-Trillion-Dollar Transition to Net Zero Isn’t That Hard
"First, the sums involved aren’t that large when properly scaled. As Mr. Moynihan says more than once: 'It’s not that much money.' Second, while government action is key, the private sector through its own commitments to net zero can create the revenue streams needed to mobilize capital."
Citi Joins Breakthrough Energy Catalyst as Anchor Partner to Accelerate the Clean Energy Transition With $100 Million Commitment
Citi announces on BusinessWire that they have partnered with Breakthrough Energy Catalyst to accelerate the clean energy transition with a $100 million commitment. “This commitment to Catalyst brings the Citi Impact Fund’s total resources to $250 million and represents the Fund’s first major investment in a sustainability-focused fund, enabling Citi to continue making equity investments...
Bill Gates’ Breakthrough Energy, Gates Foundation and Amazon tout climate efforts
"On Tuesday, the Microsoft co-founder took the stage in Glasgow to announce a pledge of $315 million from the foundation to support agricultural research to help farmers in the developing world cope with climate change, as well as an update on the progress being made through his Breakthrough Energy initiative."
When It Comes To Correcting Climate Change, Should Free Markets Or Government Take The Lead?
“'Fundamentally, we need serious solutions,' says Drew Bond...'The most serious ones are based on free-market economics,' he continues. 'Forcing utilities to buy a certain amount of electricity is a top-down solution. There ought to first be a whole lot of competition. If we can’t achieve there, let’s look at it again.'"
Over 100 global leaders pledge to end deforestation by 2030
"The world lost 258,000 sq km (99,600 sq miles) of forest in 2020, according to WRI's deforestation tracking initiative Global Forest Watch. That is an area larger than the United Kingdom."
China’s Ambitious Climate Goals Collide With Reality, Hampering Global Efforts
"Coal powers around 56% of the country’s industry-heavy economy, a major reason China accounts for more than a quarter of the planet’s carbon emissions."
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