From Matthew E. Kahn at PERC: In 1980, the biologist Paul Ehrlich and the economist Julian Simon engaged in a famous debate. Ehrlich argued that ongoing population growth would lead to overconsumption of natural resources and a collapse in food consumption per person. Simon countered that rising scarcity creates incentives to unleash human ingenuity and...
44.01 secures $5M to turn billions of tons of carbon dioxide to stone
"The holes would maximize surface area, and highly carbonated water would be pumped in cyclically until the drilled peridotite is saturated. Importantly, there’s no catalyst or toxic additive, it’s just fizzy water, and if some were to leak or escape, it’s just a puff of CO2, like what you get when you open a bottle of soda."
Bill Gates Pledges $1.5 Billion for Infrastructure Bill’s New Climate Projects
"Mr. Gates, in an interview with The Wall Street Journal, said a fund run by his Breakthrough Energy Ventures could spend the money over three years on projects aimed at slowing the greenhouse-gas emissions that cause climate change."
BP sees potential for green hydrogen, ammonia plant in Australia
"Australia, the world's top coal exporter and the second largest exporter of liquefied natural gas, wants to develop green hydrogen to replace fossil fuels in a global push to cut carbon emissions."
Duke Energy’s renewable portfolio hits 10,000 MW as utility reports Q2 earnings
"Duke Energy is in the midst of a five-year, nearly $59 billion 'growth capital plan' as the North Carolina-based utility pushes ahead with efforts to decarbonize its operations, Good said Thursday on a call with stock analysts."
Exxon Considers Pledging ‘Net-Zero’ Carbon by 2050
"Exxon XOM is considering a pledge to reduce its net carbon emissions to zero by 2050, according to people familiar with the matter, in what would amount to a significant strategic shift by the oil company."
‘Green Bitcoin Mining’: The Big Profits In Clean Crypto
Chris Helman of Forbes writes on the profitability of clean cryptocurrency mining. “For all bitcoin’s purported benefits, it’s also clear that the currency is an environmental disaster. Depending on bitcoin’s cost (a higher price attracts more miners), its global network sucks up between 8 and 15 gigawatts of continuous power, according to Cambridge. New York...
Renewables Became 2nd Most Prevalent U.S. Electricity Source In 2020
"In 2020, renewable energy sources (including wind, hydroelectric, solar, biomass, and geothermal energy) generated a record 834 billion kilowatthours (kWh) of electricity, or about 21% of all the electricity generated in the United States."
Redwood Materials Raises $700 Million In Race To Revolutionize Battery Recycling For Electric Cars
"Redwood Materials, a battery recycler created by Tesla cofounder and former tech chief JB Straubel, just raised more than $700 million from investors that will help it scale up recovery of lithium, cobalt, nickel and other metals needed by makers of lithium-ion cells for electric vehicles."
How Crop Insurance Can Combat Supply Chain Risk for Coffee
The coffee industry needs a serious revamp. In the face of unpredictable weather events stemming from climate change, traditional insurance models are ill-equipped to deal with the changing plight of farmers on the ground.
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