Climate Change and Y2K, Elon Musk calls ESG a ‘fraud’ and a way to beat chemicals forever.

this week current climateWe bring you the latest news on our sustainability business every Saturday. Sign up to receive weekly inboxes.

sTooat Kirk, Head of Responsible Investments at HSBC Asset Management, was criticized yesterday for expressing the view that the risks to financial markets posed by climate change are exaggerated. “Who cares if Miami is 6 meters underwater in 100 years?” he said “Amsterdam has been 6 meters underwater for a long time and it’s a really nice place. I will deal with it,” he said. Of course, one difference between Miami and Amsterdam is lead times. The Dutch dyke system to protect against flooding has its origins in the Iron Age, and although the construction we see today actually began to move in the 12th century, it is still worth 900 years. Engineering we speak of.

Kirk’s presentation, watch yourself It was titled “Why Investors Don’t Have to Worry About Climate Risk”. While acknowledging the risks of climate change, Kirk found the focus on climate “unusual” compared to more pressing issues like inflation, and said, “In big banks like ours, what do people think is the average loan term? 6 years. .What happens to the planet in year 7 has nothing to do with really our lending books.”

But what really caught my ear about his words was what he said I sympathize with. I can sympathize. I always have such an email in my inbox. However, he mentioned the Y2K bug as an issue that never happened. But here’s something about the Y2K bug. If those of you reading this newsletter are old enough to remember it: One of the reasons the crisis didn’t happen is that governments and industry have spent hundreds of billions of dollars over the years. Avoid problems first. In that case, the end of the world could have been prevented with more than 10 years of preparation. The people involved do their job so well that Y2K is at the heart of creating a paradox about crisis management, right? Anticipating problems ahead of time and convincing people to avoid them from happening means that success will force others to look back and claim that there were no problems in the first place.

great read

2021 climate record ‘warning’ record

The United Nations said on Wednesday that four key indicators of climate change reached “warning” record highs in 2021. The United Nations has warned that worsening climate change will cause huge financial losses, increase the burden of death and disease, and threaten food and water security. United Nations Secretary-General Guterres said the five initiatives to initiate the transition to renewable energy include triple private and public investment in the renewable energy sector to at least $4 trillion annually and lift intellectual property protections for renewable energy technologies such as batteries. Suggested a dog item plan. Transfer technology freely around the world. Read more here.

discovery and innovation

pollution According to a study published in 2019, there were over 9 million deaths worldwide in 2019. Lancet Planet Health on tuesday. Air pollution was the number one cause, accounting for nearly 75% of deaths.

North Carolina based company biomass I am researching concrete bricks grown using microorganisms. Until now, the bricks have properties similar to traditional concrete bricks, but are produced using zero carbon emissions.

the researchers National Renewable Energy Research Institute Created a solar cell with a record 39.5% efficiency. NREL scientist Myles Steiner said, “The new cells are more efficient and have a simpler design, which could be useful for a variety of new applications, such as highly area-constrained applications or low-copy space applications.” said in a statement.

Researchers at the University of California Riverside Removal of fur and polyfluoroalkyl materialslife “Eternal Chemicals” from the water supply of the treatment center. This issue is still being studied, but it will only take a few hours to remove more than 90% of the chemicals associated with potential health effects from water.

This week’s sustainability deals

Consortium led by H2GO Power It has secured $5.3 million from the UK government to build a smart hydrogen storage system in the Orkney Islands.

based in berkeley, california Urban Footprint announced Wednesday. Raised a $25 million Series B round. Citi leads the way. The funds will be used to expand the company’s ability to provide information to real estate, government, energy and financial clients about infrastructure vulnerabilities to climate risks.

German solar power company Zolaar It has raised a $105 million Series C round led by Energy Impact Partners and the Singapore Sovereign Wealth Fund. The company offers solar power installations for homeowners that can be purchased or rented.

on the horizon

As the wildfire season kicks off, one of the concerns for meteorologists is the unusually strong winds seen across the United States this spring. These constant winds can stagnate for months, which can create more supply chain problems and fuel the spread of wildfires.

Other things to read this week

Fusion already faces a fuel crisis (wireline)

Climate change could lead to a net expansion of forests worldwide. But would a world with more forests really be cooler? (Science)

COVID delay thwarts world’s plans to save biodiversity (nature)

green traffic update

allMore Elon Musk news coming next week.– And the stock market pain of the Tesla CEO. As the cleantech billionaire seeks Twitter, he details the evolution of his political thinking. Since Musk began gambling to take over Twitter, he has been comfortable expressing his partisan political views on social media platforms he usually covets, including insults aimed at California, President Joe Biden and “libs”. Musk said he is now a Republican. He joined a party that had previously ridiculed him as a “crony capitalist” because he benefited from Democratic policies. Musk’s hostility to California is particularly striking as it is Tesla’s top US market, home to its first plant, and is generating billions of dollars of free revenue by selling ZEV credits to other automakers. “No one has ever thanked Elon Musk or even criticized his sense of balance,” says Mary Nichols, former chairman of California’s powerful Air Resources Board.

big traffic story

After Tesla fell in the S&P ESG index, Elon Musk went on the attack.

S&P Global’s explanation of why it removed the world’s top electric vehicle maker from its ESG index for sustainability-conscious investors upset Elon Musk this week. The move was sparked by Tesla’s corporate actions, including allegations of discrimination by black employees and a federal investigation into autopilot functions related to fatal crashes, but Musk declared on Twitter that “ESG is a scam.” Read more here.

More green traffic news

Einride Unveils Battery Extended Cargo Trailer, New Software Platform

Sila’s high-efficiency battery anode powers electric Mercedes-Benz SUV

Rising Credit Costs, Falling Transaction Prices Possibility to Buy Cars, EV Adoption

Walk or bike instead of driving, Ford Boss urges

Hyundai is Tesla’s latest contender with plans for a $5.5 billion US EV, battery factory.

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