🔝 10 Climate Bites from this Past Week

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⚡ Carbon & Energy

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[36:23] SK: “I'm a sell on the intersection of Web3 and carbon markets. […] I think that there's a bunch of folks looking at carbon markets and saying, we can use Web3, crypto, blockchain, whatever, to solve the problems of a lack of transparency in the market, to solve the problem of liquidity and price discovery in the market. […] Though, it is possible that Web3 could be good to help improve those things, I do not think those things are the problem in the voluntary carbon market. So I think that they're attacking a problem that is not actually the challenge. The actual challenge is a very limited supply of high quality, carbon credits, or carbon removals, and a huge supply of really low quality, really bad carbon credits, or offsets.”

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[12:47] “The way that the carbon market works is that you buy those credits, and then you […] retire them […] so they can never be used again, and they become a dead asset. They become a cost on your books. But through blockchain, we contractually retire them. So they can never be used for any other specific individual mission, they can never be used as an offset, but they maintain their collateralized value. So that they can still grow as an appreciating asset and it can be used for alternative revenue models. So that 1% cost can turn into a two plus percent investment of your risk on portfolio.”

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[4:57] CB: “The Apparel Impact Institute (Aii) […] put out a number of how much money we need to spend to reach some climate goals that have been set out by the UN. […] We got to cut fashion's carbon emissions in half by 2030, hit net zero by 2050. And they're estimating that it takes a trillion dollars to get there. […] In March, H&M and Lululemon each made a commitment to contribute to a $250 million fund that AII has pledged to start. They each said […] they would put in $10 million. […] H&M made $23 billion in revenues in 2021, Lululemon […] 4.4 billion.”

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[5:54] SL: “In the US 40% of new single family homes use heat pumps for primary heating and cooling, or as a supplement to fossil fuels. That's not bad, but they still only make up 7% of total residential heating demand. If we want to electrify most or all of our homes, we need to start replacing existing HVAC (Heating, Ventilation, and Air Conditioning) systems. And a good place to start installing heat pumps instead of conventional central air conditioners […]. Making a two way heat pump instead of an AC unit is only a few $100 on the production side and that could save consumers huge amounts of money. What if the government incentivizes manufacturers to make the switch?”

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[12:40] “To engage consumers, you've got to make it a real time experiment. People tried to do things from existing meter data. […] But the current infrastructure that gives you 15 minute interval data a day later, it’s just not good enough. People don't care what happened yesterday. […] And the other insight we have is you got to make it broader than just energy. So even though we came at this from an energy perspective, […] we have to take this broader view of making homes intelligent for not just energy.”

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[14:41] CB: “[Air travel] is roughly 3% of global emissions. But one, it's growing. Two, it's hard to see how you change that. […] The projections are that in the long run, come […] 2050, it could be more like 8, 9, 10% of global [emissions]. And that's as a result of emissions from other sectors decreasing, but also demand increasing.”

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[45:47] “If you look at where […] you have the biggest impact on climate, if you could pick one sector, you would pick agriculture. […] [It’s] somewhere in the 20% range of contribution to net greenhouse gas emissions, and the largest single driver behind that is food waste.”

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💧 Food & Water

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[11:51] TH: “The crux of why local food isn't better for the climate, [is] because for the most part, small local farms are not growing vegetables as efficiently as they can on big mechanized farms in ideal climates, like California.”

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[5:45] GM: “We found that the US economy is basically bleeding about 8.5 a billion dollars a year so this [water] gap remains open every year. And that equates to about $15,800 per household. And that number is modest, because it really only counts 1.57 million of that 2.2 [people without running water]. […] So the real number is probably much larger.”

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[29:01] TC: “Globally, a third of all the food we produce each year gets thrown away, which is worth over a trillion US dollars. Alongside that we have 800 million people who go to bed hungry every single night, who can be fed on just one quarter of the food that we waste in the Western world. And that is if that weren't bad enough, the environmental impact of food waste is absolutely devastating. If it were to be a country, food waste would be the third largest source of greenhouse gas emissions after the USA and China. And that's because a landmass larger than China is used every single year to grow food that has never been eaten. […] The greenhouse gas emissions from one kilogram of food waste is equivalent to the greenhouse gas emissions from […] [25,000 plastic] bottles.”

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🏆 Top 10 Climate Podcasts from this Past Week

⚡ Carbon & Energy

💧 Food & Water

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