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☆ Mother nature is screaming for us to adopt a new diet. An agreement by nearly 200 countries could help identify flaws in how we produce food.
  + stars: | 2022-12-22 | by ( Catherine Boudreau | ) www.businessinsider.com   time to read: +4 min
Food production drives deforestation and biodiversity loss. Mother nature is screaming for us to adopt a new diet, too. It's a primary driver of deforestation and biodiversity loss that, in turn, releases greenhouse-gas emissions causing the climate crisis. As the global population grows and people in developing countries earn more money, the demand for food — especially meat — will further stress nature. The US State Department in October also requested advice on potential legislation to combat deforestation in food supply chains and voluntary actions the private sector could take.
☆ Once again, the US won't fulfill its promises on climate aid for developing countries. The White House had hoped to quadruple spending.
  + stars: | 2022-12-20 | by ( Catherine Boudreau | ) www.businessinsider.com   time to read: +4 min
Congress' sweeping spending bill for next year includes $1 billion for international climate aid. "This really undermines trust in the US," Joe Thwaites, NRDC's international climate finance advocate who conducted the group's analysis, told Insider. But the US commitments on international climate finance just aren't credible." Democrats have a slim majority in the Senate and need at least 60 votes to clear a spending bill. Neither the House and Senate Appropriations committees, nor the White House, returned Insider's request for comment.
☆ World leaders want to protect a third of the Earth's land and water to save wildlife from extinction. There's a climate connection, too.
  + stars: | 2022-12-19 | by ( Catherine Boudreau | ) www.businessinsider.com   time to read: +5 min
Nearly 200 countries agreed to protect 30% of Earth's land and water at a UN biodiversity meeting. The meeting, known as COP15, also underscored the link between nature and the climate crisis. Indigenous peoplesFor the first time, the biodiversity framework acknowledged the role of Indigenous people in protecting and restoring land and water. But world leaders didn't designate their land and territory as a separate category of conservation, which groups including Amnesty International and Greenpeace called for. Countries didn't achieve any of the targets to slow biodiversity loss by 2020 included in a previous framework, known as the Aichi targets.
☆ Amazon used enough plastic air packets in its boxes to circle the planet 800 times in 2021, an outside group found. The company said it used far less.`
  + stars: | 2022-12-16 | by ( Catherine Boudreau | ) www.businessinsider.com   time to read: +4 min
Amazon said its plastic packaging footprint came to 97,222 metric tons in 2021. Oceana estimated that Amazon used nearly 322,000 metric tons of plastic in 2021, more than triple what the company calculated. By Oceana's count, Amazon used 52% more plastic last year compared with 2019, the first year the group conducted its analysis. In 2021, Target, Walmart, Coca-Cola, and PepsiCo each used more plastic packaging than the previous year, contributing to an overall 4.3% increase across brands and retailers. California, the largest economy in the US, passed a law in June to cut plastic packaging in the state by 25% over a decade.
☆ Silicon Valley startup Actual made climate action into a SimCity-like game. Sheep farmers are the first players.
  + stars: | 2022-12-09 | by ( Catherine Boudreau | ) www.businessinsider.com   time to read: +6 min
The startup modeled hundreds of sheep farms in New Zealand to show ways to reduce emissions. So how do you get hundreds of sheep farmers to adopt new practices to reduce greenhouse-gas emissions and store more carbon in their land? Enter Actual, a Silicon Valley startup that's trying to make decarbonization efforts similar to playing the video game SimCity. Actual relies on a visual and interactive experience to help companies better understand how to take action on their climate goals. Brands like Allbirds, Helly Hansen, and Icebreaker have bought in, too, because they are trying to reduce emissions in their own supply chains.
☆ Execs aren't convinced ESG investments deliver profits. The skepticism might undercut sustainability budgets.
  + stars: | 2022-12-09 | by ( Catherine Boudreau | ) www.businessinsider.com   time to read: +4 min
More than 90% of executives said ESG spending delivered returns within a few years in a new survey. The skepticism and possible recession could undercut ESG spending in 2023. The benefits for a brand are the clearest path to a return on investment, Singh said. Further analysis by Infosys found that a 10-percentage-point increase in ESG spending correlated with a profit growth of 1 percentage point. Even so, there are changes a company can make that don't cost any money but deliver returns, Singh said.
☆ Qatar promised a carbon-neutral World Cup. Climate advocates call that pledge misleading.
  + stars: | 2022-12-01 | by ( Catherine Boudreau | ) www.businessinsider.com   time to read: +6 min
World Cup organizers will buy carbon offsets to help cancel out greenhouse gas emissions. Qatar moved the World Cup to winter for the first time to protect attendees from blistering heat. Qatar World Cup organizers jumped into one of the most hotly debated climate issues when it announced the tournament would be "carbon neutral." Elgendy said some of the emissions associated with building them should be attributed to the World Cup — but not all. He doubted that the US, Mexico, and Canada, which will jointly host the 2026 World Cup across 16 cities, would strive for the same goal.
☆ Rich countries driving the climate crisis have agreed to pay developing nations for damage. But collecting the money will be tough.
  + stars: | 2022-11-22 | by ( Catherine Boudreau | ) www.businessinsider.com   time to read: +6 min
Developing nations won creation of a "loss and damage" fund for climate disasters. Climate diplomats left Sharm el-Sheikh, Egypt, with a historic deal — 30 years in the making — for rich countries to pay developing nations for the damages they are already facing from a warming planet. But the negotiators who gathered in the resort city along the Red Sea failed to hammer out a more aggressive plan to curb the greenhouse gas emissions that are driving the crisis. The agreement follows a decades-long push by a coalition of developing nations known as the G77+ China. That country, despite being the world's largest polluter, is considered a developing country by international institutions and therefore isn't obligated to contribute to climate finance.
☆ Nike's ambitious environmental goals are being thwarted by sneakerheads and the Jordans, Air Force 1s, and Dunks they love
  + stars: | 2022-11-21 | by ( Matthew Kish | Catherine Boudreau | ) www.businessinsider.com   time to read: +10 min
Nike's leather usage increased 35% last year because of the demand for iconic shoes such as Dunks. The popularity of the shoes pushed up Nike's leather use by 35% last year and put the company behind a goal to use more sustainable materials. "What's more important, financial goals or carbon footprint goals? But last year, it accounted for 0.1% of Nike's leather usage. Nike's also introducing new sustainable silhouettes, including a sneaker that can be easily taken apart for ease of recycling.
☆ WATCH NOW: COP27 Reporter's Notebook
  + stars: | 2022-11-21 | by ( ) www.businessinsider.com   time to read: +1 min
Watch below starting at 2PM ET on Monday, November 21. Sign up for our newsletter to get the latest on the culture & business of sustainability — delivered weekly to your inbox. Loading Something is loading. Hear observations and breaking news from the United Nations Framework Convention on Climate Change (COP27). Speakers includeTim ParadisFuture of Business Editor, InsiderFuture of Business Editor, Insider Catherine BoudreauSenior Sustainability Reporter, InsiderRead more here
☆ Fossil-fuel companies have more people at the UN's climate summit than the 10 countries most affected by climate change do combined
  + stars: | 2022-11-19 | by ( Morgan Mcfall-Johnsen | Catherine Boudreau | ) www.businessinsider.com   time to read: +8 min
Fossil-fuel interests are fighting for natural gas at the United Nations' COP27 climate summit. But natural gas is mostly methane — a greenhouse gas 80 times more potent than carbon dioxide — and it leaks. One-third of the fossil fuel lobbyists Global Witness identified are registered as part of national delegations, according to Dominic Kavakeb, a spokesperson for Global Witness. Fossil fuel influence threatens to undermine progress on one of the most powerful, immediate climate solutions: ending human methane emissions. While methane's consequences are severe, the good news is that countries and industries can quickly slow climate change by cutting methane emissions.
☆ Lula's Victory Could Boost Hopes of Saving the Amazon Rainforest
  + stars: | 2022-11-18 | by ( Catherine Boudreau | ) www.businessinsider.com   time to read: +4 min
He slashed funding for environmental enforcement and halted government efforts to demarcate Indigenous' peoples lands. He is executive coordinator of the Articulation of Indigenous Peoples of Brazil, a group advocating for land rights and greater representation in Brazil's government. Bolsonaro's actions legitimized an increase in violence against Indigenous peoples, Tuxá told Insider on the sidelines of COP27. A slice of the funding was set aside for securing land rights for Indigenous people. Still, nearly $2.6 billion was spent in 2021, including at least $321 million to help secure land rights for Indigenous peoples, according to progress reports.
☆ Take a look inside the United Nations climate summit in Egypt: luxury resorts, world leaders, bad food, and long lines
  + stars: | 2022-11-17 | by ( Catherine Boudreau | ) www.businessinsider.com   time to read: +2 min
There are some 35,000 people attending the United Nations COP27 climate summit in Egypt. Sign up for our newsletter to get the latest on the culture & business of sustainability — delivered weekly to your inbox. Long stretches of highway separate the luxury coastal resorts, with their green grass and water fountains, from the dusty desert and many half-constructed buildings. Small protests are allowed inside, where UN rules apply, but outside and across the rest of Egypt, political dissent is effectively banned. Take a glimpse inside before the summit comes to a close on Friday.
☆ Africa is hosting the UN climate summit. It's also home to 3 oil-and-gas deals announced in just two weeks.
  + stars: | 2022-11-16 | by ( Catherine Boudreau | ) www.businessinsider.com   time to read: +8 min
During the COP27 event, three oil-and-gas deals in Africa have been announced. In the past two weeks — essentially the time of the COP27 summit — three oil-and-gas deals were announced for Africa alone, in Egypt, Nigeria, and Tanzania. That demand is evident even in announcements that purportedly support renewable energy. Plus, the projects are more expensive than building out renewable energy like solar. "If we really want to improve the lives of people, we need to invest in community renewable energy," Elmaawi said.
☆ I ate lab-grown meat. Here's what 'cultivated' chicken made in a bioreactor looks and tastes like.
  + stars: | 2022-11-15 | by ( Catherine Boudreau | ) www.businessinsider.com   time to read: +3 min
Good Meat served its "cultivated" chicken at the UN climate summit in Egypt. Cultivated meat is getting attention at the UN's COP27 meeting because at least 14% of global greenhouse-gas emissions come from animal agriculture, largely driven by beef and dairy cattle. Good Meat went to great lengths to get its "cultivated" chicken served in Sharm el-Sheikh, Egypt, where the COP27 meeting is taking place. The restaurant 1880 in Singapore sold two dishes with Good Meat's chicken for $23, but the revenue from that still isn't enough to make Good Meat profitable. But it will take a whole lot of "cultivated" chicken to offset the world's poultry obsession.
☆ Biden says 'everyone has to act' to help the world deal with the climate crisis. But the US isn't meeting its own promises.
  + stars: | 2022-11-11 | by ( Catherine Boudreau | ) www.businessinsider.com   time to read: +6 min
President Joe Biden touted the new US climate law and methane restrictions at a UN climate summit. Biden urged rich countries pay up on climate, but the US hasn't been meeting its own promises. Developing nations share comparatively little responsibility for the buildup of heat-trapping gasses in the atmosphere. "If countries can finance coal in developing countries, there is no reason we can't finance clean energy in developing countries," Biden said to loud applause from the audience. Looming over COP27 is the global energy crisis sparked by Russia's war in Ukraine.
☆ Register here: COP27 reporter's notebook, an Insider spotlight event
  + stars: | 2022-11-11 | by ( ) www.businessinsider.com   time to read: +2 min
Insider's senior sustainability reporter, Catherine Boudreau, is at the UN climate summit in Egypt. Sign up for our newsletter to get the latest on the culture & business of sustainability — delivered weekly to your inbox. Catherine Boudreau, senior sustainability reporter at Insider, is covering the United Nations' COP27 climate conference. She will give an on-the-ground perspective of her experience at this year's global meeting during Insider's "COP27 Reporter's Notebook" editorial spotlight. This 30-minute live conversation is part of Insider's climate and sustainability coverage.
☆ The US is creating a carbon-offset plan for corporations that would fund developing countries' moves to clean energy
  + stars: | 2022-11-09 | by ( Catherine Boudreau | ) www.businessinsider.com   time to read: +6 min
The plan would create revenue to fund developing countries' moves toward clean energy. "This is a critical tool that will supplement, not replace, other sources of climate finance." The US will also consult with organizations that are trying to improve the scientific integrity of carbon credits. "Buying emissions reductions from developing countries is not the same thing as channeling climate finance and raises questions about who can count the reductions." African nations unveiled their own carbon-market initiative Tuesday, with an aim to supply 300 million carbon credits each year by 2030 and raise up to $6 billion.
☆ 'After COP, I don't know if I'll be alive or not': Sister of the jailed Egyptian-British activist Alaa Abd el-Fattah calls for his release
  + stars: | 2022-11-08 | by ( Catherine Boudreau | ) www.businessinsider.com   time to read: +4 min
Egyptian-British activist Sanaa Seif is calling for her brother's release from an Egyptian jail. The Egyptian government has denied mistreatment, and this summer a member of the presidential-pardon committee said Abd el-Fattah was among those being considered for possible release, reported Al-Ahram, an Egyptian state-owned newspaper. He added that foreign intervention in human-rights reform in Egypt "is fated to fail" and would harm the country's people. Seif said her family has exhausted every legal route in Egypt to secure her brother's release, to no avail. "After COP, I don't know if I'll be alive or not," she said.
☆ 'We are on the highway to climate hell': To slow down, countries need to spend more, the head of the UN says
  + stars: | 2022-11-07 | by ( Catherine Boudreau | ) www.businessinsider.com   time to read: +4 min
Two leaders called for windfall taxes on oil and gas companies to help fund climate efforts. The world is on a "highway to hell" unless countries step up action, the UN secretary-general said. "We are on the highway to climate hell, with a foot on the accelerator." That wasn't part of the policy agreed on by the EU in September to tax windfall profits made by fossil-fuel companies. This drains budgets and leaves less money for infrastructure projects that make countries more resilient to the climate crisis.
☆ Poorer countries suffering the worst effects of the climate crisis want rich nations to pay reparations for the chaos they've caused
  + stars: | 2022-11-07 | by ( Catherine Boudreau | ) www.businessinsider.com   time to read: +5 min
Climate reparations for poorer nations are on officially on the agenda at the UN climate summit. Developing countries with "loss and damage" from climate disasters want rich nations to pay up. The inclusion of so-called climate reparations sets up a debate over how to compensate poorer nations for the climate impacts they've already suffered but for which they bear little responsibility. They've repeatedly objected to discussing loss and damage during past UN climate negotiations over concern that such talks would result in enormous financial liabilities. More than a decade ago, rich nations promised to send $100 billion a year to poorer countries by 2020.
☆ Climate COP-out: Without further action, the world is headed for 'irreversible' climate chaos, the UN Secretary-General warns.
  + stars: | 2022-11-04 | by ( Catherine Boudreau | ) www.businessinsider.com   time to read: +4 min
Research shows that countries and businesses are far off track to meet climate goals by 2030. The grim assessments land as world leaders head to Sharm el-Sheikh, Egypt, for COP27. At Glasgow, world leaders also agreed to "revisit and strengthen" their goals by the end of 2022 given the insufficient progress. To keep 1.5 alive, countries would, by 2030, have to cut emissions 45% compared with where they're headed under current policies. One bright spot: renewable energyThere is still uncertainty about the effects of the global energy crisis on the climate crisis.
☆ Claude Monet, Larry Fink, and Ted Cruz: Climate stunts grab headlines but can they get results?
  + stars: | 2022-10-28 | by ( Catherine Boudreau | ) www.businessinsider.com   time to read: +7 min
That was an improvement over the previous year, but still not nearly enough given the threat the climate crisis presents for humanity, Hu told Insider. "I could spend 20 minutes talking about the destruction from climate change. "More people are aware of this climate crisis and that we have to do something about it because of our actions," Harris said. "Journalists don't report on the climate crisis like it is an emergency. Ridiculous stunts like the art action gets the climate crisis into the headlines and millions of people talking."
☆ Electric vehicles will become power plants on wheels by providing backup power for homes and the grid
  + stars: | 2022-10-13 | by ( Catherine Boudreau | ) www.businessinsider.com   time to read: +4 min
Electric vehicles in the coming years will be capable of powering homes and the grid. Backup power from EVs can help during storms and support electric grids strained by extreme weather. A new business unit, GM Energy, has a line of electric-vehicle chargers that can also feed power back to homes and the electric grid. "There's a value stack in EV batteries: supporting the grid, serving as backup power for your home, and also reducing greenhouse-gas emissions." The Ford F-150 Lightning also has bidirectional charging, which proved useful after Hurricane Ian pummeled southwest Florida's power grid.
☆ The electric vehicle boom depends on mining. Rivian's new chief sustainability officer is tasked with making it responsible.
  + stars: | 2022-09-28 | by ( Catherine Boudreau | ) www.businessinsider.com   time to read: +4 min
Demand for metals like lithium and cobalt could jump sixfold alongside the electric vehicle boom. Rivian hired Anisa Kamadoli Costa to lead its climate strategy, including responsible mining. But that doesn't mean electric vehicle makers don't have their own set of climate and social challenges. "Traceability is the best means to transparency and to understanding one's social and environmental impact," Costa said during an Insider event moderated by Catherine Boudreau, senior sustainability reporter. Costa helped craft such a standard during her two decades as Tiffany & Co.'s chief sustainability officer.
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