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This week’s ten biggest climate innovation stories – 7 June

Street art using pollution as paint in Dublin. Image via Flickr: infomatique
Street art using pollution as paint in Dublin. Image via Flickr: infomatique

Could this pioneering ‘liquid air’ project can help store excess electricity? Who is transforming air pollution into talk-provoking art? And, how can buildings go net-zero emissions by 2030?

This, and more, in the week’s ten biggest climate innovation stories.

1. ‘Outperforming’: Green economy market cap now matches fossil fuel industry

There is a growing body of work detailing how green investments tend to outperform the market. A new report from FTSE Russell titled ‘Investing in the global green economy: busting common myths’ explores the current scale and performance of green economy investments.

Read more at Business Green

2. Circular economy vital to EU’s quest to kill emissions: study

By reusing and recycling the most emission-intensive materials – steel, plastics, aluminium and cement – to a greater extent, the EU could reduce the carbon footprint of industry by 56%. Recycling and reuse alone could reduce annual emissions by 178 Mt, while more efficient processes and retooled business models could add a further 56 Mt and 62 Mt respectively.

Read more on Euractiv

3. Go net zero by 2030: World Green Building Council issues business challenge

The World Green Building Council has challenged companies across the globe to deliver net zero building emissions by 2030, a target it says will set an example of what “advanced” climate action should look like and kickstart the global green building sector.

Read more on Business Green

4. Spain, Italy leadership changes raise hopes for EU climate ambition

Climate hawk Teresa Ribera will lead a new super-ministry spanning energy and environment. Meanwhile Giuseppe Conte, the leader of Italy’s populist coalition, has promised to speed up the decarbonisation of the economy.

Read more on Climate Home

5. Transforming air pollution into talk-provoking art

Kaalink (which means black ink in Hindi), can be fitted onto the exhaust pipe of a car or on a small chimney stack to collect soot. Once captured, heavy metals are separated from carbon to make ink that goes into the markers and bottles. In the future, the company hopes to find use for the separated metals.

Read more on Christian Science Monitor

6. Rich nations spend $100 bn a year on fossil fuel subsidies despite climate pledges

Nations including the UK, France, Germany and Italy have pledged to phase out fossil fuel subsidies by 2025, but many are still in place. The world’s major industrial democracies still spend at least $100 billion each year to prop up oil, gas and coal consumption, despite vow to phase them out.

Read more on Thomson Reuters Foundation

7. Pioneering ‘liquid air’ project can help store excess electricity

A pioneering project in north-west England will turn air into liquid for energy storage to help electricity grids cope with a growing amount of wind and solar power. The world’s first full-scale liquid air plant is based on a technology that advocates say is cheaper and able to provide power for longer periods

Read more on Guardian Environment

8. New European Platform In The Transition Towards A Flexible Energy System

A surge in decentralised power generation and the demise of central base load power plants will give rise to ever more challenging grid control. On 11 and 12 June in Copenhagen, the Energy Flexibility Forum will allow stakeholders to specify needs, showcase solutions, find renewed roles and collaboratively take on market and regulatory barriers to accelerate the transition towards a flexible energy system.

Read more on Clean Technica

9. Poland Has Huge e-Mobility Plans

The Polish government has adopted a new law on electromobility aimed at turning Poland into an e-mobility leader in Europe. The country wants to have 1 million EVs on the road by 2025. Already home to electric bus manufacturing plants and a big EV battery plant, Poland is set to become the motor for electrifying transport in Europe.

Read more on CleanTechnica

10. EBRD publishes guidance for firms disclosing climate impacts

The European Bank for Reconstruction and Development (EBRD) conducted an analysis with representatives from organizations like Allianz, the Bank of England, Barclays, Maersk, Lloyds, Shell, BlackRock and Zurich Asset Management to identify standard metrics for firms when disclosing climate impacts. These include projecting physical climate effects, such as droughts, heat stress and extreme rainfall, on their assets or financial instruments’ lifetime, over a five to 20-year timeframe.

Read more on Reuters

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