We all know the voluntary carbon market is poised to explode, or is exploding already, depending on who you ask. The value of all those carbon credits hit $1 billion for the first time in 2021, and 2022 doesn’t show any sign of abating. Increased corporate commitments to reduce emissions and net-zero pledges have spurred
Energy
Buildings in Singapore at dusk. Asia is already home to a number of tidal power projects. Guvendemir | E+ | Getty Images Japanese shipping giant Nippon Yusen Kaisha is to take part in a tidal power project planned for Singapore, as the emerging marine energy sector gains traction. The demonstration project, run by Singapore-owned Bluenergy
When it comes to how governments can lead the transition to a sustainable future, we often think only of the laws and regulations they can enact to steer companies and citizens in the right direction. While those are important, governments can also take more direct action — by changing their own purchasing habits through socially
The Tornado Cash website displayed on a laptop and smartphone screen arranged in London, on Tuesday, March 15, 2022. Luke MacGregor | Bloomberg | Getty Images The U.S. Department of Treasury on Monday sanctioned the popular cryptocurrency mixer Tornado Cash, banning Americans from using a service that the government said, “launders the proceeds of cybercrimes.”
Reprinted from GreenBuzz, a free weekly newsletter. Subscribe here. I’ve purposefully avoided writing about “purpose.” Frankly, I’ve been on the fence about the word and all the meanings ascribed to it. It feels like yet another meme that companies can embrace and exploit without actually changing much. But the subject keeps coming up, so here
Mint Images | Mint Images Rf | Getty Images The Senate passed the most ambitious climate spending package in U.S. history on Sunday, prompting optimism among environmental advocates after months of gridlock around President Joe Biden’s emissions-reducing agenda. Called the Inflation Reduction Act, the legislation earmarks $369 billion for U.S. energy security and fighting climate
As the climate crisis affects more parts of our everyday life, even mainstream podcasts have started covering our favorite issues on a semi-regular basis. GreenBiz’s previous podcast lists (here and here) zeroed in on shows that specialize in sustainability. But in this decisive decade for climate change, I decided to expand our list to identify
Electric vehicles are building market share across the United States in places such as California, Florida, New York, Texas and Washington state. At the same time, the country’s aging electrical grid appears increasingly unable to handle the rising demand for charging services during peak load times. Bidirectional charging through vehicle-to-grid (V2G) technology represents at least
CNBC’s MacKenzie Sigalos and William Rudolf Lobkowicz in the Family Chapel of the Lobkowicz Palace depicting an early 18th-century altarpiece painting of St. Wenceslas, patron saint of the Czech nation. House of Lobkowicz PRAGUE — It is past midnight on a Friday at the Lobkowicz Palace in the Prague Castle complex. A 27-year-old Czech prince,
A version of this article originally appeared in our Circularity Weekly newsletter. Subscribe to the newsletter here. I was invited to read a new book and interview one of the authors. As someone who has long enjoyed reading books about sustainability, it was very flattering to be sent a copy of a new book, “The Sustainability
LONDON — The average cost of a pint of beer in the U.K. has soared by 70% since 2008 — well ahead of inflation — and some Londoners are parting with as much as £8 ($9.70) for 568ml of the amber nectar. According to figures from consultancy firm CGA, the average cost of a pint
This week’s run time is 44:51. WEEK IN REVIEW (3:30) FEATURES A sweltering European summer (21:05) James Murray, editor-in-chief of BusinessGreen, chats about record-breaking heat waves in the U.K. and Europe are challenging infrastructure and economies, and reshaping the dialogue about climate risk. Cognizant CSO reflects on climate change and employee well-being (30:20) Sophia Mendelsohn,
In this article SEDG Getty Images SolarEdge shares tumbled this week after the company’s second-quarter results showed a hit to margins from factory closures, higher transport costs and currency headwinds from the weakening Euro. But SolarEdge CFO Ronen Faier said lower margins now is the price to be paid for long-term growth in a market
Coastal communities around the world are fighting one of the most recognizable symptoms of climate change; seawater rise. In an attempt to combat flooding, cities from Sydney to San Francisco erected seawalls in a bid to prevent rising waters from overrunning infrastructure. But Australia-based Macquarie University associate professor and The Living Seawalls project co-leader Melanie
We’re adding four stocks to our Investing Club Bullpen, including Starbucks (SBUX) and Airbnb (ABNB). Jim Cramer announced them in Thursday’s “Monthly Meeting.” The Bullpen should be treated like a watch list of sorts and an outside area to perform homework and due diligence. As the baseball metaphor suggests, it consists of stocks in reserve
Date/Time: August 30, 2022 (1-2PM ET/10-11AM PT) As pressure mounts for corporations to see both financial return and greenhouse gas emissions reductions with their transition to EV fleets, charging management software could be the answer. AMPLY Power and WattTime have partnered to help fleets to automatically charge when electricity generated GHG emissions and costs are
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. Oil is all about Russia Quick mentions: AMD, F Eli Lilly reports Thursday 1. Oil is all about Russia U.S. oil prices, as measured by West Texas Intermediate crude futures
The climate tech startup bubble has popped. At least that’s what it’s starting to feel like for many entrepreneurs and investors. Didn’t know there was a bubble? The last two years have been climate tech boom times. Startups tackling climate sectors such as energy, transportation and carbon removal have achieved sky-high valuations and had access
It has been a rough month for the crypto sector, and it’s only the third day of August. From cross-chain bridge hacks draining hundreds of millions of dollars in customer funds to the Securities and Exchange Commission coming after crypto ponzi schemes, this corner of the market can’t catch a break. The developments add to
Within days, Congress is expected to vote on a historic investment ($369 billion, to be precise) in climate and clean energy. The Inflation Reduction Act of 2022 (IRA) represents a huge step forward, moving both the U.S. and the world toward our climate goals. In total, its passage could mean a 40 percent reduction in
In this article MSTR MicroStrategy‘s Michael Saylor is leaving his role as CEO to become Executive Chairman of the company, according to a statement released by the company on Tuesday afternoon. The company’s president, Phong Le, will take the reins from Saylor. Saylor has been in the role of chief executive since launching the company
For the past year and a half, the Build Back Better agenda has been on a roller-coaster ride — and I am not talking about those easygoing kids’ rides either. I’m talking about the rides that spin you upside down and twirl you around, only to flatten out, giving the impression it’s over, and then
A BP gas station in Madrid, Spain. Sopa Images | Lightrocket | Getty Images LONDON — U.K. oil giant BP on Tuesday reported bumper second-quarter profits, benefitting from a surge in commodity prices. The British energy major posted second-quarter underlying replacement cost profit, used as a proxy for net profit, of $8.5 billion. That compared
It’s an undeniably compelling notion: Take waste plastics of all types and turn them back into the building blocks for new plastics, indistinguishable from the same molecules made from petroleum and natural gas. And not just with consumer packaging but also such hard-to-recycle items as shrink wrap, agricultural plastics, carpeting, building materials, synthetic textiles, even
Europe is facing an unprecedented gas crisis. Picture Alliance | Picture Alliance | Getty Images Europe is facing an unprecedented energy crisis that’s pushing the economy closer to a recession and posing serious questions about the region’s climate change ambitions. CNBC takes a look at how Russia, led by President Vladimir Putin, is squeezing gas
In July, Ben and Jerry’s — one of the world’s largest ice cream brands — announced that it is committing to ensure all of its packaging, including the 1 million pint containers for ice cream it produces every day, doesn’t come from wood fibers sourced from the world’s most vital forest ecosystems. The policy —
Sen. Joe Manchin in the U.S. Capitol on Tuesday, June 14, 2022. Sen. Joe Manchin, D-W.Va., and his staff told Democratic leadership on Thursday that he’s not willing to support major climate and tax provisions in a sweeping Biden agenda bill, according to a Democrat briefed on the conversations. Tom Williams | Cq-roll Call, Inc.
Marks & Spencer is removing “best before” dates from a range of fresh produce sold in its stores nationwide, in a bid to cut down on food waste both in households and its shops, it announced July 17. The retailer is planning to remove “best before” dates from the labels of over 300 fruit and
This article originally appeared in our Circularity Weekly newsletter. Subscribe here. Imagine if a significant portion of the textiles that cannot be reused in their current form could be recycled. That’s part of the vision for the base-case and upside-case scenarios laid out in a recent report on textile recycling in Europe from the consulting firm
This week’s run time is 38:32. WEEK IN REVIEW (4:45) FEATURES Leadership Lessons: Bess Winston, The Winston Agency (17:40) This spring, the WSLA Alumnae Group recognized 11 women at the forefront of the sustainability profession. These leaders have made a difference by advancing new technologies or strategies, by overcoming personal and professional obstacles and by
Club holding Chevron (CVX) reported strong quarterly results before the opening bell on Friday. The energy giant reported revenue of $68.76 billion, handily beating expectations of $59.42 billion. Adjusted earnings of $11.4 billion, or $5.82, per share for the quarter, exceeded the $5.06 per share consensus. Bottom line It was a very solid quarter from
After almost two years of uncertainty and the ever looming threat of losing the congressional majority without passing any major climate legislation, Democratic Senators are finally ready to support a bill that offers incentives for crucial climate technologies. Senators Chuck Schumer (D-NY) and Joe Manchin (D-WV) announced July 27 their intention to introduce the Inflation
U.S. Senator Joe Manchin (D-WV) returns to a basement office meeting with other senators that included Kyrsten Sinema (D-AZ), Jon Tester (D-MT), Tim Kaine (D-VA) and Angus King (I-ME), (not pictured) at the U.S. Capitol in Washington, December 15, 2021. Elizabeth Frantz | Reuters Environmental groups reacted with surprise after U.S. Senate Democrats struck a deal
When I think about the list of companies defining the field of corporate renewable energy procurement — and that continues to do so — tech giant Google is at the top of my list. Sure, technically speaking Amazon is the world’s largest clean power buyer, with 10 gigawatts of capacity at its disposal as of
Contractors install SunRun solar panels on the roof of a home in San Jose, California, on Monday, Feb. 7, 2022. David Paul Morris | Bloomberg | Getty Images Solar stocks jumped on Thursday after Senate Majority Leader Chuck Schumer, D-N.Y., and Sen. Joe Manchin, D-W.V., said they’ve reached a deal on what would be the
So the first half of 2022 has certainly been — something. From an unprovoked Russian assault on Ukraine to a supply chain crisis to rising inflation to astronomical gas prices to an accelerated rate of natural disasters to the Supreme Court — you know what, I need to stop before my fifth stress ball of
In this article @NG.1 The Nord Stream 1 pipeline, through which Russian natural gas has been flowing to Germany since 2011. Picture Alliance | Picture Alliance | Getty Images Natural gas prices are surging around the world as scorching temperatures stoke demand for the fuel, and as Europe’s push to move away from Russian fuel
Reprinted from GreenFin Weekly, a free newsletter. Subscribe here. At this point in the Anthropocene, fossil-fuel interests have largely pivoted from outright denial to carefully crafted distortions as to how the industry can be counted on as a sincere collaborator. That is, climate distortion is the new denial. It’s a necessary tactical shift when nearly two-thirds
In this article ENPH Workers install solar panels on the roofs of homes under construction south of Corona, California. The California Energy Commission in May 2018 adopted new energy building standards requiring solar panels for virtually all new homes built in the state starting in 2020. MediaNews Group/Inland Valley Daily Bulletin via Getty Images |
It’s been a busy month for Pierre-Francois Thaler. Not only did EcoVadis, the sustainability ratings company he co-founded and acts as co-CEO with business partner Frédéric Trinel, receive a half-billion dollars in funding, but the company then acquired German sustainability data mining company ecotrek. “We started 15 years ago. For many years we saw a
In this article BMW-DE VOW3-DE RACE-IT A Ferrari photographed in Switzerland on March 2, 2015. The Italian company plans to launch a fully electric vehicle in 2025. Harold Cunningham | Getty Images News | Getty Images The CEO of Ferrari on Tuesday moved to allay fears the firm’s upcoming electric offering will compromise on performance,
Plastics have spiraled exponentially throughout society and the environment to the point that we literally eat and breathe them on a regular basis. More corporations are responding to consumer outrage by using fewer virgin plastics to produce goods and packaging. Using post-consumer plastics instead of raw petrochemicals is one important strategy within a suite of
Michigan-based startup Sesame Solar is producing what it deems the world’s first fully-renewable mobile nanogrid for natural disaster relief. Its units can be used as mobile communications and command centers, medical units, kitchens and even temporary housing. The systems can be ready for use within 15 minutes of arrival. Most mobile units like these have
Reprinted from GreenBuzz, a free weekly newsletter. Subscribe here. You probably don’t need both hands to count the number of columns I’ve written about politics and policy. It’s not that I don’t care about either; indeed, I’m a bit of a political junkie. But professionally — and editorially — it’s not my jam. I much
The world is confronting multiple intersecting geopolitical events with highly unpredictable consequences. Coming in the wake of the global COVID-19 pandemic, the Russian-Ukrainian war is disrupting global financial markets, food securityand real economies. Escalating tensions between the U.S. and China are compelling decision-makers to recalculate everything from their strategic alliances to the vulnerability of their
Climate change is accelerating, but we have the science and the technology to mitigate emissions, adapt to their ongoing impacts, and even reverse them to restore a habitable, healthy planet. We need a multipronged approach with big, bold ideas to solve climate change, the biggest challenge of our generation. One platform that showcases such ideas
I watched the livestreamed portion of the Ellen MacArthur Foundation’s annual summit as a salve from the sting of not being able to attend in person. First things first, it didn’t work — I’m still quite disappointed I couldn’t attend. I will say, though, that the hourlong session, “Design turns ambition into action,” had a
In this article SHEL-GB EDP-PT RWE-FF RWE-DE This illustration shows how SolarDuck’s technology could be deployed at sea. SolarDuck German energy firm RWE is to invest in a pilot project centered around the deployment of floating solar technology in the North Sea, as part of a wider collaboration focused on the development of “floating solar
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