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Spent coffee grounds could make concrete stronger
  + stars: | 2023-11-20 | by ( Jacopo Prisco | ) edition.cnn.com   time to read: +5 min
CNN —If your morning can’t start without coffee, you’re not alone: globally, we drink over 2 billion cups of coffee each day, leading to 60 million tons of wet, spent coffee grounds every year. There, like other organic compounds, coffee grounds decompose and release methane, a greenhouse gas 25 times more powerful than carbon dioxide at trapping heat. Now, researchers say coffee grounds could be used as an ingredient in concrete, and they could even make it stronger, according to a recent study. When the biochar is mixed with concrete, Roychand says, its particles act like tiny water reservoirs, distributed throughout the concrete. Roychad points out that waste collection is already mainstream, and that a number of companies in Australia are focusing on recycling coffee waste.
Persons: you’re, , Rajeev Roychand, Mohammad Saberian, Shannon Kilmartin, Lynch, Jordan Carter, Carelle Mulawa, , Kypros, Roychand Organizations: CNN, School of Engineering, RMIT University, University of Sheffield Locations: Melbourne, Australia
This Moroccan startup is growing crops in the desert
  + stars: | 2023-10-24 | by ( Jacopo Prisco | ) edition.cnn.com   time to read: +4 min
Sand to Green is a Moroccan startup that can transform a patch of desert into a sustainable and profitable plantation in five years, according to Wissal Ben Moussa, its co-founder and chief agricultural officer. Wissal Ben Moussa, Sand to Green co-founder and chief agricultural officer. “My top three favorite trees are carob, fig and pomegranate,” Ben Moussa says. “With this system we create biodiversity, which means better soil, healthier crops and a bigger yield,” Ben Moussa says. “We can go anywhere in the world as long as we have access to brackish water,” Ben Moussa says.
Persons: Wissal Ben Moussa, , Ben Moussa, Sand, Morocco that’s, ” Ben Moussa, , Green Organizations: London CNN, United Nations, UN Convention, Biosaline Agriculture Locations: Africa, South America, Europe, China, Moroccan, Biochar, Morocco, Asia, Dubai, Tanzania, Sand, Mauritania, Senegal, Namibia, Egypt, United States
A California-based startup using artificial intelligence and machine learning for land management and climate-risk analysis has raised $15 million in Series A funding. Vibrant Planet, which was founded in 2020, offers a data platform to help landowners figure out how to restore ecosystems and manage against the risk of wildfires. Along with rising temperatures, poor land planning and risk mitigation strategies are also to blame for raging wildfires, according to Vibrant Planet CEO Allison Wolff. The land management platform includes real-time scenario planning. Microsoft's Climate Innovation Fund, Citi Ventures, Day One Ventures, SIG Climate, and Globivest also participated in the round.
Persons: Allison Wolff, Wolff, Scott Conway, Netflix's, Neil Hunt, Guy Bayes, Globivest Organizations: Netflix, eBay, Google, Integrity, Innovation Fund, Citi Ventures, One Ventures, SIG, NASA, USDA Smart Commodities Locations: California, Europe, Canada, Chile, Lahaina, Maui
Algae absorbs atmospheric carbon dioxide and emits oxygen via photosynthesis, and has been doing so since before the first land plants ever existed. “Nature-based solutions are a great way of removing carbon,” Taylor told CNN, arguing that deserts are an under-utilized environment. Many carbon capture solutions have been proposed, the most headline-grabbing being direct air capture. “There are enormous desert regions in the country that might be converted for carbon capture and storage projects,” she added. courtesy Brilliant PlanetTaylor hopes the tangible, weighable algae flakes will make Brilliant Planet’s model attractive.
Persons: Adam Taylor, Taylor, , ” Taylor, , You’re, Halldor Kolbeins, Fatna Ikrame El Fanne, El Fanne, Robert Höglund, Höglund, ” Höglund Organizations: CNN, US Department of Energy, Getty, Climate, Locations: London, Akhfenir, Morocco, Sahara, Reykjavik, Iceland, AFP, Climate Morocco, Namibia, Manhattan
London-based startup Supercritical just raised $13 million to help projects get funded via companies. London-based startup Supercritical has just raised $13 million from Lightspeed Venture Partners to help the "groundswell" of businesses pledging to invest in carbon removal. That's where carbon removal — tree-planting, sucking CO2 from the air using technology, or enhanced rock weathering — comes in. Long term, it wants to be the "no brainer" option for carbon removal purchases. Check out the 11-slide redacted pitch deck Supercritical used to raise the funds.
Persons: we've, Michelle You, Aaron Randall, Carbo Organizations: Lightspeed Venture Partners, Paris, Frontier Fund, RTP Global, Greencode Ventures, MMC Ventures Locations: London
DETROIT, June 15 (Reuters) - The venture capital arm of automaker Stellantis (STLAM.MI) said on Thursday it will invest about 100 million euros ($108.3 million) in automotive and battery technology startups and a mobility venture fund. Stellantis Ventures will put an undisclosed amount into a mobility venture fund that Bazih said he could not name because it has not finalized regulatory paperwork. The company is one of several established automakers that have set up venture capital arms to gain access to new technology and talent. Venture capital investments can go wrong 70 to 80% of the time, he said. Lyten, EV battery technology including lithium sulfur batteries.
Persons: Stellantis, Adam Bazih, Bazih, Joe White, Matthew Lewis Organizations: DETROIT, Stellantis Ventures, Venture, Stellantis, EV, Thomson Locations: Stellantis, Lyten, Detroit
The company says the oil hardens within days and it estimates the carbon dioxide is locked away for 1 million years. That's far more than the 6,055 tons that Charm Industrial has removed to date under pilot programs. Meeting that global climate goal will likely require billions of metric tons of carbon dioxide to be removed from the atmosphere by 2050. Startups like Climeworks are using fans to suck carbon dioxide out of the sky, while others are using enhanced weathering that speeds up the natural ability of minerals to store carbon dioxide. For its part, Charm Industrial buys agricultural waste from farmers and heats it to high temperatures in a contraption called a pyrolyzer.
Forget whiz-bang technologies that are supposed to solve climate change. An ancient agricultural practice that removes carbon from the atmosphere is getting fresh attention and game-changing cash from big companies. Biochar is a black substance similar to charcoal that when buried underground sequesters carbon dioxide, the primary greenhouse gas that causes climate change. It has long been used to improve soil. Now it has suddenly become a lucrative business thanks to carbon credits that companies use to offset their own emissions.
VC firm Counteract has reached first close on its inaugural £35 million fund. It plans to back 40 global companies across all elements of carbon removal. London-based firm Counteract, founded in 2021, has just reached first close on its inaugural £35 million, about $41.9 million, fund. Direct air capture is one of the best-known carbon removal technologies thanks to Swiss company Climeworks. Isaacs stressed the importance of exploring all potential technologies as carbon removal evolves alongside policy, making it inherently risky.
One company is injecting liquid clay into California desert to trap moisture and help fruit to grow, while another in Malaysia boosts soil with droppings from fly larvae. Biochar, liquid clay and fly larvae droppings are all in limited commercial production. Some, like liquid clay and biochar add nutrients while also improving the ground's ability to retain water, and require fewer applications than fertilizer. Norway-based Desert Control has spent 18 years and $25 million developing liquid clay to boost soil. In Malaysia, Nutrition Technologies produces "soil conditioner" from frass - the waste and skin of Black Soldier Fly larvae.
When Luke Iseman was thinking of launching a solar geoengineering startup, he talked to experts in the field. I want no geoengineering to occur," Iseman told CNBC. And that's a that's a pretty terrifying world to imagine," Iseman told CNBC. "Initially, I was really skeptical entirely of the of the voluntary carbon credit market," Iseman told CNBC. Pasztor told CNBC.
Green construction startups have raised a record $2.2 billion in 2022, per VC firm A/O PropTech. The construction and operation of buildings account for 37% of global CO2 emissions from energy use, according to the UN. The adoption of bio-based materials, such as wood, and a circular approach to construction can help cities become carbon sinks, the report stated. A carbon sink is when something can store more carbon emissions than it produces. Most building materials are currently "down-cycled" and used for things like filling potholes, she added.
Oct 25 (Reuters) - Apple Inc (AAPL.O) said on Tuesday it would make fresh investments to set up solar and wind projects in Europe and called on its suppliers to decarbonize operations related to the production of iPhones and other products. Apple had previously asked suppliers to commit to 100% renewable energy for Apple's production. Apple has been carbon neutral for its global corporate operations since 2020. Apple said the European investments are part of a strategy to address about 22% of its carbon footprint coming from the electricity customers use to charge their devices. In total, the planned investments will add 3,000 gigawatt hours per year of new renewable energy on the grid, Apple said.
Companies BlackRock Inc FollowOct 25 (Reuters) - BlackRock Inc (BLK.N) has raised $4.5 billion out of an overall $7.5 billion-target for a new fund to invest in infrastructure assets aimed at climate-focused projects, the world's largest asset manager said on Tuesday. BlackRock, which manages around $8 trillion in assets, said public and private pension funds, sovereign wealth funds, insurance companies and family offices had invested in the new fund, which will be called Global Infrastructure Fund IV. The asset manager said the new fund will invest in five sectors –– energy, low carbon power, transport and logistics, regulated utilities, and digital infrastructure –– to capitalize on the growing trend towards decarbonization and digitalization. Register now for FREE unlimited access to Reuters.com RegisterIts previous infrastructure fund raised $5.1 billion in 2020. Register now for FREE unlimited access to Reuters.com RegisterReporting by Ann Maria shibu and Lavanya Ahire in Bengaluru; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.
WASHINGTON, Oct 24 (Reuters) - Over 100 U.S. environmental groups on Monday urged top U.S. climate diplomat John Kerry to support the creation of a fund that would compensate countries that have experienced economic and physical loss from climate change, a key demand of vulnerable countries at the upcoming COP27 climate summit in Egypt. The United States and European Union, the world's third-biggest emitter of greenhouse gases, are facing pressure from lower-income nations to soften their long-standing resistance to compensation for the "loss and damage" wrought by floods, rising seas and other climate change-fueled impacts. "We also think you need to examine the existing institutions and see what the what the gaps are." Egypt, host of the United Nations' climate negotiations, has appointed the environment ministers of Chile and Germany to come up with a plan for including the controversial loss and damage topic on the formal summit agenda. Register now for FREE unlimited access to Reuters.com RegisterReporting by Valerie Volcovici; Editing by Aurora EllisOur Standards: The Thomson Reuters Trust Principles.
Companies Deutsche Bank AG FollowLONDON, Oct 21 (Reuters) - Deutsche Bank (DBKGn.DE) said on Friday it aimed to reduce the emissions tied to its upstream corporate oil and gas sector loans by 23% by 2030, as part of a series of targets to help it meet its climate commitments. By 2050, the bank said so-called financed emissions tied to the sector, including Scope 3 emissions from the use of gasoline and other refined products by end-users, would be reduced by 90%. In the power generation sector, it would target a 69% cut in so-called Scope 1 physical emissions intensity - a measure of emissions per unit of output tied to utilities' direct energy usage - by 2030 and 100% by 2050. In the autos sector, and specifically light duty vehicles, the bank said it aimed to reduce tailpipe emissions intensity by 59% by 2030, and 100% by mid-century. In the steel sector, it aims to reduce Scope 1 and 2 physical emission intensity by 33% by 2030, and 90% by 2050, it said in a statement.
LONDON, Oct 19 (Reuters) - Companies worth half of total global market capitalistion are now disclosing environmental data after a 42% year-on-year rise in the number of firms reporting, new data published on Wednesday showed. Non-profit environmental disclosure platform CDP said more than 18,700 companies -- the highest yet since CDP launched in 2000 -- and worth a combined $60.8 trillion disclosed data on climate change, deforestation and water security in 2022. The data is also crucial for climate negotiators, including at next month's United Nations climate summit, COP27, to assess progress and spot laggards. However, despite more companies disclosing environmental data, few are providing sufficient information. The United States, China, Japan, Britain and Brazil topped the list of countries for corporate disclosures in 2022, CDP said on Wednesday.
London-based PRI's network of more than 5,000 signatories including Nuveen agree to take steps like urging portfolio companies to disclose more about carbon emissions or workforce diversity. She noted Princeton University recently moved to dissociate its $38 billion endowment from fossil fuel companies. https://bit.ly/3TwDttEA spokesperson for TIAA of New York said it has taken steps including asking portfolio companies to cut emissions. "Large-scale divestments by simply selling fossil-fuel-generating investments to other companies won’t necessarily reduce carbon output," said the spokesperson. Other PRI signatories have also declined to sell off energy stocks.
Oct 18 (Reuters) - Missouri has pulled $500 million out of pension funds managed by BlackRock Inc (BLK.N), state Treasurer Scott Fitzpatrick said on Tuesday, over the asset manager's environmental, social and governance (ESG) "priority" over shareholder returns. Several Republican-led states have sought to cut business ties with BlackRock over its ESG push, with Louisiana earlier this month saying it would pull $794 million out of the company's funds. While environmentalists have protested that the world's largest asset manager does too little to press for change at fossil fuel portfolio companies, Republican politicians have accused it of boycotting energy stocks. Missouri State Employees' Retirement System had asked BlackRock to abstain from proxy voting at companies on its behalf, but the asset manager refused its demand, Fitzpatrick said. Proxy voting is done by asset management firms on behalf of shareholders.
A smoke billowing from a chimney is pictured, as the UN Climate Change Conference (COP26) takes place, in Glasgow, Scotland, Britain, November 6, 2021. Just 32 of the 100 biggest private firms have set a target to reach net-zero carbon emissions, compared with 69 of the 100 largest public companies, the study showed. In high-emitting sectors such as energy, infrastructure and manufacturing, only 14% of the private firms' annual combined revenue is covered by such a target compared with 77% of revenues from listed firms in the same sector. “Private firms are falling devastatingly short on net zero compared with their publicly-listed cousins," said John Lang, project lead of the Net Zero Tracker. As listed companies increasingly face mandatory climate-related disclosures, Thomas Hale, professor at Oxford University's Blavatnik School of Government, said there was a risk private firms escaped scrutiny and gained an unfair advantage.
“Crop finance is a key part of soy farmers' business models and there is a huge appetite and market for green finance,” he explains. It’s a message consistent with the UK Soy Manifesto, which now covers 60% of the soy coming into the UK. Unlocking green investment means this can now happen, he adds, by supporting sustainable agriculture and protecting forests in a financially sustainable way that rewards farmers. And ultimately it is the involvement of these traders in screening out “bad soy” on which any sustainable soy scheme succeeds or fails. The Retail Soy Group’s roadmap commits members to deforestation-free soy with a cut-off-date of August 2020, but soy traders aren’t following these guidelines, says Wijeratna.
Oct 18 (Reuters) - Austria raised 1 billion euros ($983.20 million) on Tuesday from the auction of the first ever green T-bill, a move aimed at attracting shorter-term investors to buy environmentally friendly assets. But with central banks and a wider group of investors interested in green investments to bolster their sustainability credentials, interest in shorter-term green debt is growing. Austria, rated AA, is the first government to issue a green T-bill - short-term government debt which usually matures in less than a year. Markus Stix, director of the Austrian Treasury, called short-term green securities the "missing link" in the green market. It was easier for Austria to shift expenditure for funding through green T-Bills, given its overall T-Bill programme was only launched in 2021 and it just started issuing green debt, the banker said.
Companies Mercedes Benz Group AG FollowBERLIN, Oct 17 (Reuters) - Mercedes-Benz (MBGn.DE) has struck a preliminary agreement with an offshore wind provider to supply electricity equivalent to 25% of its demand in Germany from 2027 onwards, a spokesperson for the carmaker said on Monday. The energy provider, which the spokesperson declined to name, will reserve the energy for Mercedes-Benz from an offshore wind park under construction in the Baltic Sea. The carmaker, which previously said it aims to cover 70% of its energy demand with renewables by 2030, said in April it was sourcing all its electricity for Germany from green sources from 2022 onwards under purchase power agreements with Statkraft and Enovos. It is also planning to build a wind farm in the northwestern German state of Lower Saxony by 2025 that is able to produce a hundred megawatts of electricity, equivalent to over 15% of the carmaker's annual demand in Germany. Register now for FREE unlimited access to Reuters.com RegisterReporting by Victoria Waldersee; editing by David EvansOur Standards: The Thomson Reuters Trust Principles.
BlackRock, which manages around $8 trillion in assets, said Transition Capital would work with portfolio managers and BlackRock's capital markets team to find and back "proprietary transition-focused opportunities" across asset classes and geographies. The group would also work with BlackRock colleagues to develop new investment strategies and funds, and help deepen the company's research in the area, the memo said. The new unit will be part of BlackRock Alternatives and run by Dickon Pinner, who previously led on sustainability at consultant McKinsey, where he advised on the transition, the memo said. Pinner will report jointly to Edwin Conway, Global Head of BlackRock Alternative Investors, and the company's vice-chair, Philipp Hildebrand. As well as joining the BlackRock Alternatives Executive Committee, Pinner will also sit on senior sustainability committees, the memo said.
Companies The World Bank Group FollowWASHINGTON, Oct 11 (Reuters) - World Bank President David Malpass defended the institution's commitment to tackling climate change on Tuesday, telling civil society groups that have criticized his leadership on the issue that the bank is focused on global warming. "We are clearly prioritizing climate," Malpass told a town hall held during the World Bank Group's annual meetings, responding to several questions about the World Bank's climate change work. The World Bank spent a record $31.7 billion on climate-related investments, exceeding its goal of dedicating 35% of its investments to climate co-benefits, he added. And we are working very hard at the World Bank to reduce greenhouse gas emissions throughout all of our tools and programs." "We have not lent a single dollar in the World Bank and IBRD (International Bank for Reconstruction and Development) directly to fossil fuels last year," Juergen Voegele, vice president of sustainable development at the World Bank, said in addressing that report's findings.
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