"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."
Can farm waste help clean up the world’s dirty cargo ships?
"WasteFuel, is working to build facilities across the country that produce “bio-methanol” from corn husks, discarded wheat straw, and other agricultural scraps — a low-carbon fuel produced in tiny volumes today."
BP to Build World’s First Solar-Powered Steel Mill, 750,000 Panels Strong
"Although Lightsource BP has both financed and owns the project, it will sell the generated electricity to Xcel Energy with whom the steel factory has a power purchasing agreement that will be in place until 2041."
The Global Economy Works When We Get Out Of The Way
"Capitalism has built a vast network of peaceful collaboration for the satisfaction of our wants. It’s not a perfect system because it relies on imperfect human beings. The free enterprise system has its rainy days but all major economic floods have been caused by government malfeasance."
Circular materials startup Made of Air raises seed round
"Made of Air is one of more than 166 climate tech and circular economy startups that have pitched their business plans and technologies during GreenBiz events over the past 10 years as part of the Accelerate fast-pitch competition, which spotlights promising, early-stage entrepreneurs."