🔝 8 Climate Bites to Read this Week

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⚡ Carbon & Energy

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[2:39] MM: “unspun is a robotics and digital apparel company building custom jeans for each consumer on demand. Their mission is to reduce global emissions by 1% through automated, localized and intentional manufacturing, building the future of robotic apparel manufacturing right here in the US. By using the iPhone face ID sensor to create a digital avatar, unspun can instantly design and then build each garment to the actual customer, delivering a completely custom product at off the rack prices, all while eliminating unsold inventory waste, a $150 billion per year loss industry wide.”

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[26:16] “If you talk to somebody who operates an oil and gas company, or even some other verticals now, like the agriculture or the waste industry, people are identifying methane emissions as their number one strategic issue that they want to choose to focus on. And that was certainly not true a couple of years ago.”

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[35:21] “CCS is neither bad nor good. It's a tool. And it's a complex tool with shades of gray attached to it. When you're listening to debates about CCS, you need to know about the details, the differences and concentration, concentrated flows versus post combustion. Concentrated is commercial today, post combustion is not. We're going to need some CCS for certain sectors. But if somebody tells you that we absolutely need CCS for steel, that's just not the case.”

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[3:41] LS: “Direct air capture company […] Climeworks has announced that they raised $650 million from various investors. […] That's a lot of money for technology that still needs to be proven.”

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[8:25] “From my vantage point, we are the face of climate change, because climate change is here and now and it's already harming our health. And I would argue everyone's health is impacted to some degree. […] Heat is becoming more intense, it's lasting longer, and it's happening more frequently. […] Along the spectrum there's poor air quality. So thinking about wildfire smoke [...] or this ground level ozone, which is driven higher by heat. Then we think about how it impacts our food and water. […] Crops are less nutritious because of climate change, which is especially important for people on the nutritional margin. […] We also think about extreme weather events, not only the direct trauma, but the disruption to healthcare systems and to the longer term disruptions and mental health impacts. And then there's the social implications of being displaced from your home. […] All of that's to say that there is enormous evidence right now that climate change harms health. We need more information and evidence to understand that in order to guide our response forward.”

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[21:04] “In the sustainable market, […] there are two different ways that consumers can play into different types of products. There's consumer behavior change light, and then actual consumer behavior change. We've found in our research that 50 to 70% of the population are willing to change products if it's a similar experience. […] What we're excited about is these shifts in real behavior, […] [for example] buying a shampoo bar. […] That penetration is a little bit smaller, it's probably closer to 5 to 10% at the moment. But Finch is really marketing towards that 50 to 70% of the population who want to make these changes, but are going to do it in baby steps.”

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[43:08] “A big unsolved problem is that you've got to connect whatever network you're building to the physical world. So if I'm really going to buy a carbon offsets, whether it's on the blockchain or not, the biggest question is not, is this on the blockchain. The biggest question is, what did I actually buy? Is this a piece of land that I now kind of own or own the rights to make sure these trees aren't chopped down. And who guarantees that the thing that I think I bought actually continues to be true. There's the problem of double counting, too. […] Blockchain is great for not being able to double spend, but this is a human generated input, whether or not you're double listing a certain property and blockchain can't solve that. It’s a human problem. […] There will be a tokenized carbon credit market that is ubiquitous and really meaningful in pricing carbon and removing carbon. But I think the big unsolved question is making sure it's connected to the real world in a meaningful way, not the tokenomics and staking mechanisms.”

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💧 Food & Water

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[17:23] “If you think about the funding for water utilities, it is two giant knobs: […] taxes and […] user fees. I think what you do is you just turn the tax knob all the way up, and you turn the user fees all the way down. And so, you're not necessarily changing the way that they're funded, it's reallocating those numbers on the spreadsheet. This could have a small efficiency effect, because then you don't need billing and collections departments within water utilities. It could have a small redistributive effect, depending on what kind of taxes you're using. Because if you replace water rates, which I'm considering to be a regressive tax, […] with a progressive tax, you could have some benefit on low income families. And I also think that for utilities, this could provide some funding certainty.”

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😋 What We’re Also Snacking On:

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🏆 Top 8 Climate Bites to Read this Week

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⚡ Carbon & Energy

💧 Food & Water

😋 What We’re Also Snacking On:

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