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...
"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, 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."
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.
"Like other oil companies, Shell has come under investor pressure to slash planet-warming greenhouse gas emissions and said it plans to increase its spending on renewables and low carbon technologies to up to 25% of its overall budget by 2025."
"Historically used to help make fertilizer and chemicals, hydrogen is increasingly being pushed for a much broader range of uses, including for trucks, planes, ships, household heating and as a way to store renewable power."
Jacobs, a global technology, consulting, and business solutions company, has announced the launch of PlanBeyond 2.0, a refresh of its global sustainable business approach, aimed at integrating sustainability throughout its operations and client solutions
Ben Geman of Axios reports that TPG Capital has raised $5.4 billion for its new climate fund. “The fund is backed by major investors including Allstate, AXA, The Hartford, but also corporate giants like Google parent Alphabet, Bank of America, Dow, GM, Nike and others.” Read the full article here.
Pivot Bio's products use microbes to create and feed nitrogen to corn and wheat crops.
"A suite of new and existing investors are behind Generate Capital's $2 billion, led by AustralianSuper and QIC with new investment from Harbert Management Corporation, Aware Super, and CBRE Caledon and others."
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