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.
'Outperforming': Green economy market cap now matches fossil fuel industry https://t.co/orVh6pNp9d
— BusinessGreen (@BusinessGreen) June 6, 2018
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.
As the EU tries to go emission-free by 2050, a new study reveals that half the work could be done just by ramping up the circular economy https://t.co/ocQStFgf5u
— EURACTIV Energy and Environment (@eaEnergyEU) June 5, 2018
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.
— WorldGBC (@WorldGBC) June 6, 2018
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.
Spain, Italy leadership changes raise hopes for EU climate ambition https://t.co/moziciI3w8 Government shake-ups in Spain and Italy this week may bring some good news for the climate. pic.twitter.com/eN46hSXau9
— Svein T veitdal (@tveitdal) June 6, 2018
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.
— DiCaprio Foundation (@dicapriofdn) June 6, 2018
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.
Every #G7 country is at serious risk of not delivering on their commitment to end #fossilfuel subsidies. As the #G7Charlevoix Summit gets under way, explore our new #G7scorecard: https://t.co/QvV4hk3285 pic.twitter.com/M7uZBZ4ckN
— GSI (@globalsubsidies) June 5, 2018
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
Great to see @guardian coverage of REA member @HighviewPower's Liquid Air storage technology today. Growing the #UKenergystorage industry isn't just about batteries – a wide range of tech, holding energy at different scales and time-frames, will be needed! https://t.co/cr7zykaLyg
— REA (@REAssociation) June 5, 2018
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.
— CleanTechnica (@cleantechnica) June 4, 2018
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.
— CleanTechnica (@cleantechnica) May 31, 2018
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.
Firms need to incorporate the long-term impact of #climatechange into business planning & strategic decisions. Mark Carney, Governor of @bankdofengland & Michael @Bloomberg highlight the way #climate change affects global markets. #physicalclimaterisk pic.twitter.com/omNsKXaDbv
— The EBRD (@EBRD) June 1, 2018