Silicon Valley Bank in the U.S. was a favourite for climate tech start-ups. So its recent collapse inevitably raised questions over whether those start-ups and by extension the whole climate innovation ecosystem was much more fragile than previously thought. Rushad Nanavatty, Colm Quinn and Amy Yanow Fairbanks at RMI explain why thatâs not the case. Instead, it was an old-fashioned bank run caused by poor risk management, weakened regulation of … [Read more...]
Big Consultancies are now advising on climate change. Will it conflict with their business-as-usual work?
The worldâs top management consultancies - like BCG, Accenture, PwC, EY, McKinseys - who for decades have advised the biggest polluters, are now rushing into the business of helping companies cut emissions to become more sustainable, explains Emma Thomasson at Clean Energy Wire. The necessary expertise is in very short supply, so they are retraining staff, poaching environmental experts, and buying up smaller specialist firms. BCG is even running … [Read more...]
How new and better science is driving climate litigation
Delta Merner at the Union of Concerned Scientists makes her predictions for climate litigation in 2023. There will be much more, globally. The stand out observation is that new and better science is driving the evidence, impacting the litigants and the courts. That points at major changes to the litigation landscape. More granular geographical evidence allows local litigants to more accurately make a case for connecting emissions and pollutants … [Read more...]
What if Exxon had acted on its 1970s climate forecast? No climate crisis, cheap energy, Exxon the unrivalled top global energy firm
In January the world media widely covered a paper published in Science that looked at the internal Exxon report that predicted the climate change crisis we now all know we are facing. The paper concludes that the Exxon forecasts were very accurate. John Grant at Sheffield Hallam University composes a counterfactual history of what would have happened in Exxon and the world had taken the report seriously and acted immediately. Yes, weâd have … [Read more...]
Measuring the effect of radical protests on the public and the national agenda
Climate protest happen all over the world now. In some places they hit the news headlines hard because roads are blocked and cultural artefacts are vandalised by small numbers of protestors. These radical protestors are facing the âactivistâs dilemmaâ: even though many of the public object to their methods, will the publicity help their cause? Colin Davis at the University of Bristol offers research that tries to measure the phenomenon. … [Read more...]
Tools to design energy systems resilient to natural disasters: from small villages to big cities
There is little doubt that emissions reduction will not be enough to cope with climate change. Adaptation will be essential too. Connor OâNeil and Moriah Petty at NREL describe how the National Renewable Energy Laboratory is developing free-to-use tools to help configure and create energy systems that are resilient to natural disasters. The tools have already been applied to small and large populations, ranging from a 500-person town to big … [Read more...]
Global Wind Speeds: are they falling due to climate change?
Last year, Europe experienced a âwind droughtâ, with wind speeds falling 15% in many regions, sometimes more. Deeper research shows speeds dropped gradually between 1978 and 2010, though rose again in the last decade. Itâs difficult for the science to create a clear picture and predict long term trends. But the IPCC forecasts slowing winds for the coming decades, saying average annual wind speeds could drop by up to 10% by 2100. Jim Robbins at … [Read more...]
Climate tipping points: what the science tells us about runaway devastating changes
It would be helpful if the science of climate tipping points gave clear answers to what temperature rise will trigger a runaway catastrophe: knowing that temperature rise X will cause calamity Y should focus everyoneâs minds to do the right thing. But thereâs simply not enough data for the science to do that, though it is clear that destabilisation is underway and major tipping points are approaching. That means we are in the danger zone, says … [Read more...]
Veracity of corporate net-zero pledges and advertising is being challenged in court
Clean Energy Wire (CLEW) is putting the spotlight on corporate climate pledges, the advertising they use to win customers, and their claims of reducing their emissions. Here, Isabel Sutton at CLEW summarises the major landmark legal cases in multiple countries being brought against corporates by activists and other claimants. Companies under scrutiny include TotalEnergies, KLM, Drax, Shell, BP, Beiersdorf (personal care products), and more. … [Read more...]
âNew Collective Quantified Goalâ: how much should rich nations pay developing nations for climate mitigation?
Is the $100bn a year promised by rich nations to developing ones to assist their climate mitigation plans enough? Almost certainly not, explains Mahlet Eyassu Melkie at Rocky Mountain Institute. That number was pretty much plucked out of the air for political reasons. To come to an evidence-based number, a great deal of assessment, analysis and finally agreement is needed internationally. That process is called the New Collective Quantified Goal … [Read more...]
All estimates of the âcostâ of climate action should include the savings and benefits
Too many climate mitigation scenarios calculate the cost of that transition without measuring the savings and benefits, explain Alexandre Köberle and Joeri Rogelj at Imperial College London, Toon Vandyck at the EC's Joint Research Centre, and Celine Guivarch at the Centre International de Recherche sur lâEnvironnement et le Developpement, writing for Carbon Brief. This leads to a pessimistic view of the challenges ahead, and public aversion to … [Read more...]
COP26 accepted the science like never before. It should make a difference
Leading scientists, writing for Carbon Brief, explain how COP26 gave far greater recognition to science than any of the previous COPs. The scientific evidence from the latest IPCC reports was explicitly acknowledged in the Glasgow Climate Pact. That is a significant advance, say the authors. Decision-making guided by science can focus quantitively on carbon budgets, temperatures, climate change, the causes, and therefore the emissions-reductions … [Read more...]
Climate Finance: the loopholes that are causing greenwashing
How do you know when an investment is truly âgreenâ? Whether companies and fund managers monitor themselves or are externally policed, the correct rules need to be identified. And then it gets harder. Clearly defining and then measuring carbon footprints is a bigger challenge, explains Meredith Fowlie at UC Berkeleyâs Energy Institute at Haas. She draws parallels with food nutrition labelling rules. But whereas counting the calories in a food … [Read more...]
Energy professionals: do you understand how the media works?
We energy professionals spend most of our time talking to each other. But, more than ever, climate change and the energy transition are headline news. Thatâs not just in the mainstream media but also within our industry journals and the policy-maker press. So, we need to understand how the media works. More specifically for many, we need to know how to handle our PR providers. Sean Crowley says itâs up to us to work more effectively with the … [Read more...]
Next German governmentâs climate and energy plans: what will Olaf Scholz do?
Olaf Scholz led Germany's Social Democrats (SPD) to an unexpected win in the 2021 elections held in September. He now needs to finalise a coalition with the Green Party and the pro-business FDP before forming a government and becoming chancellor. Like his predecessor Angela Merkel, Scholz has said he wants to become a "climate chancellor". Kerstine Appunn and Benjamin Wehrmann at Clean Energy Wire try to understand what his climate and energy … [Read more...]
