Climate Change News

Climate Change News

biodiversity
Climate Change News

Why should we care about biodiversity?

The 2030 Agenda for Sustainable Development adopted by the UN General Assembly reflects directly on the importance of the ecosystem. A collective action plan built around 17 major global challenges that address issues related to benefiting people, the planet and global prosperity, the Sustainable Development Goals. These objectives are connected to each other, and progressing in achieving one means progressing towards the others; and biodiversity is the common denominator of all of them because it is fundamental for the development and well-being of humanity. How does Biodiversity influence economic prosperity and general well-being? It is the basis. More than half of all goods and services worldwide depend directly or indirectly on natural resources. Especially in developing countries, where it is not only a source of food but also the main source of income for the population. Industries such as pharmaceuticals or the beauty sector depend directly on biodiversity. Nature is the source of many drugs used in modern medicine that come from natural plants, animals and microorganisms. How does biodiversity influence the Earth? Ecosystems capture and store greenhouse gases, making them a great ally in mitigating climate change. In fact, healthy ecosystems provide up to 37% of the mitigation needed to stop global warming. They are a barrier against natural disasters such as floods, storms, droughts, among others. They can also protect against the spread of diseases: where native biodiversity is high, the rate of infection from zoonotic diseases, such as COVID-19, is lower. It’s nature’s time. Humans are destroying the planet’s biodiversity. Our consumption habits and general lifestyle have caused 8% of all known animal breeds to become extinct and 22% to become endangered. Water acidification from pollution has caused large-scale loss of marine biodiversity, with hundreds of fish species already gone. It is time to take care of nature and preserve ecosystems. There is still time to reverse the loss of biodiversity, we must understand that this is the only way to restore and maintain a healthy planet, and the lives it sustains. To do so, there must be a dramatic change in the development policies, incentives and actions of all governments, businesses and citizens.

decarbonization
Carbon Markets

Decarbonisation in the chemical and pharmaceutical industry

The chemical and pharmaceutical industries in Europe can do more for carbon neutrality. It is known that Europe aspires to be carbon neutral by 2050, an economy with zero greenhouse gas emissions. This goal is at the heart of the European Green Deal and is in line with the EU’s commitment to global climate action under the Paris Agreement. The chemical industries in Germany are beginning to detect sustainable practices and promote sustainable procedures. Together for Sustainability (TfS) is a joint initiative of chemical companies in Germany with a program to assess, audit and improve sustainability practices within industry supply chains. TfS aims to build the standard based on the sustainability performance of suppliers within supply chains, following predefined criteria that are then shared among its members. TfS member chemical companies can do more to reduce their environmental impact, especially with indirect and their supplier emissions. Industries in general are aware of the great problem of not being able to reduce greenhouse gas (GHG) emissions generated by their activities. Furthermore, a large part of the companies in the sector recognizes that up to 80% of their carbon footprint or environmental impact comes from sources that they do not directly control, including suppliers. We are talking about vehicle fleets, employee journeys from home to work and vice versa, business trips by plane, train, taxi, and the manufacturing processes themselves. Even more alarming is the lack of demand on suppliers (of raw materials, consumables, logistics subcontractors, etc.) to align with good sustainability practices and a first approach to the calculation of the environmental impact or carbon footprint of the products and services they supply to their customers. 5-HT digital ecosystem companies in Germany can help TfS member chemical industries The 5-HT digital ecosystem in Germany owns a technology company specialized in good management practices for environmental impacts and the carbon footprint of large companies from different sectors (airlines, hotels, water and waste, urban mobility, finance, etc.) . Climatetrade has started to support SMEs in the chemical-aesthetic sector in Spain to calculate and offset the environmental impact of organizations and is guiding companies in the launch of carbon neutral products. Digitization of Carbon Markets and Climatetrade’s Carbon Accounting Services Will Help TfS Member Chemical Industries Regarding digital access to carbon markets and digitization of carbon footprint accounting that ClimateTrade’s marketplace can help TfS member chemical industries. In this marketplace, polluting companies can balance their carbon footprint by buying carbon credits and contributing to projects that capture CO2 from the atmosphere or avoid its emission. Thanks to the digitization of these markets, both voluntary and mandatory, the monitoring of environmental impacts and carbon accounting in industries is more transparent and efficient, thus contributing to national objectives in the fight against climate change. Decarbonisation of the chemical and pharmaceutical industries is a challenge This will be the biggest challenge of the future, to decarbonise these industries. Since they will not be able to reduce their GHG emissions to zero, it will be necessary to offset the rest of their emissions to achieve carbon neutrality. Companies must take good care of this issue in the future, not only for the planet, but also for their consumers and investors who expect them to act in a sustainable way. To learn about Voluntary and Mandatory markets click here.

European Green Deal
Carbon Markets

The “Green Deal”: carbon neutrality by 2050

Learn about the European Green Deal policy and its effort to fight again climate change. What is the European Green Deal and carbon emissions? The Green Deal aims to make Europe the first carbon-neutral continent by 2050. The United Nations Commission launched in December the “Green Deal”, in which countries undertake to reduce emissions by 50-55% in 2030 and achieve carbon neutrality by 2050, in addition to other measures towards decarbonization. How can this be achieved? Efforts towards this goal by 2050 will be supported by the following actions: Increasing carbon credit price, which already exists in a well-developed form in the EU, especially under the EU Emissions Trading Scheme. Incorporation of a new “Carbon Border Adjustment Mechanism“, essentially a carbon border tax aimed at imports from non-EU countries with less rigorous climate policies. Revision of the Brussels state aid rules to allow governments to invest on technologies that reduce carbon emissions. The Green Deal proposes a comprehensive economy transition, which means it strives to boost decarbonisation across the EU’s socio-economic sectors. The decarbonisation of the energy system is a key factor in achieving climate targets in 2030 and 2050. Energy production and use in all economic sectors means more than 75% of EU greenhouse gas emissions. What’s next? The Green Deal roadmap is also part of the EU’s long-term strategy to be presented to the United Nations Framework Convention on Climate Change (UNFCCC) in 2020. A cornerstone of the new strategy will be the adoption of the first European ‘Climate Bill’ by March 2020. As well as introducing more ambitious emissions targets, the plan seeks to drive policy reforms to make Europe the leader in climate-friendly industries, green technologies and green finance. This commitment calls on companies, organisations, cities, states and regions to take strong, smart and innovative climate action to decarbonise the environment. We must commit … we must act together, the time is now.

biogas
Climate Change News

Top 5 things you should know about biogas

This renewable fuel is a great ally for the energy transition and a key player for the CO2 zero emission path. Environmentally friendly Biogas is an alternative fuel that is extracted from organic matter that is biodegraded by the existence of microorganisms in the absence of oxygen. In other words, it comes from all those organic wastes that we dispose of in our daily lives, both at a private and industrial level. From the shell of an egg to the pruning of parks and gardens or the sludge from sewage treatment plants. For this reason, we can say that biogas is a source of renewable energy, as it gives value to the waste by introducing it into the raw material chain, which in turn means reducing greenhouse gas emissions. It can be used to produce electricity, heat or motion. Biogas can be used for any of the major energy applications: electric, thermal or as a fuel. It can be channelled for direct use in a boiler adapted for combustion, and even injected into existing natural gas infrastructures, both for transport and distribution. Currently, the use of biogas is focused on generating electricity for the operation of industrial plants and, simultaneously, for the generation of heat that is used in production processes. However, in order to guarantee the success of these plants, they must process the incoming waste in a stable manner and with a high degree of automation. Biogas engines have a wide range of applications, the most common being water pumping, ration chopping and the operation of milking machines in rural areas. The other widespread use is to drive many types of electricity generators. Good for the economy So far, landfills, sewage treatment plants and municipal waste treatment plants have taken over almost all waste management. However, possibilities have already opened up for biogas plants to have an option to favour self-consumption, eliminating hydrocarbon taxes for these facilities and, above all, encouraging the production of biomethane, i.e. methane gas of biological origin. Biogas in Europe In many European countries, it is now on the roadmap. Experts believe that economic obligations and incentives will inevitably be put in place and that for some companies it will also be a question of image. Considering that the target for 2030 is for CO2 emissions to be cut by 40% from 1990 levels, it is clear that emission reductions in the order of 55% from current levels are necessary. This 55% is an intermediate target, as the final goal by 2050 is for CO2 emissions to be ZERO.

urban resilience
Climate Change News

Cities and climate change: urban resilience

Cities are currently facing countless natural or man-made disasters, from earthquakes, fires, mass migration … These types of situations are increasingly frequent due to factors such as rapid urbanization, climate change or political instability. Resilience is a concept that, in the case of cities, consists of having the capacity to prepare, resist and recover from a crisis in order to protect and improve people’s lives, ensure the benefits of development and drive a positive change. It provides a strategic framework that includes risk assessment and tools to face these economic, social and environmental challenges in our cities. “Globally, more people live in urban areas than in rural areas, with 55 % of the world’s population residing in urban areas in 2018. In 1950, 30 % of the world’s population was urban, and by 2050, 68 % of the world’s population is projected to be urban” (https://population.un.org/wup/Publications/Files/WUP2018-KeyFacts.pdf) The factors that most affect cities are those related to the consequences of climate change. These effects include devastating events such as floods, droughts or forest fires, which have generated catastrophic impacts on our planet. Generating challenges and uncertainties for society, the economy and the environment. It can affect basic public services, such as the supply of water or energy, essential for the performance of cities. Therefore, as the effects of climate change become more severe and frequent, it is necessary to adopt measures to make cities more resilient, reduce their vulnerability, and thus mitigate these changes and reduce their negative impact. “70 percent of cities are already dealing with the effects of climate change, and almost all are at risk. For instance, over 90 percent of all urban areas are coastal, which puts most cities across the globe at risk of flooding from sea level rise and powerful storms”. Climate change is a growing threat! It directly affects the ability of countries to achieve the Sustainable Development Goals and could even reverse the achievements made in recent decades. The ability of cities to adapt to crisis situations and the threats of climate change is decisive for their sustainability and future. According to the United Nations Human Settlements Programme (UN-Habitat) (https://unhabitat.org/) To be truly resilient, cities should work towards sustainability to ensure positive long-term impacts, and in the same manner, being truly sustainable entails incorporating resilience to drive and protect development goals. The time to act is NOW, we need resilient and sustainable cities! These are some of the proposals by the United Nations to achieve Goal 11 (Sustainable Cities and Communities) by 2030. Ensure access for all to adequate, safe and affordable housing and basic services and improve slums. Provide access to safe, affordable, accessible and sustainable transportation systems for all by expanding public transportation. Increase sustainable urbanization and capacity for participatory, integrated and sustainable planning and management of human settlements in all countries. Double efforts to protect cultural and natural heritage Minimize deaths from disasters, including those related to water, and those affected by them, and greatly reduce economic losses. Reduce the negative environmental impact per capita of cities. Provide universal access to green areas and public spaces. Increase the number of cities that adopt and implement integrated policies and plans to promote inclusion, efficient use of resources, mitigation of and adaptation to climate change and resilience to disasters. Provide support to least developed countries, including through financial and technical assistance, to enable them to build sustainable and resilient buildings using local materials. Innovation is part of the solution to help cities resist, adapt and quickly recover from crises. Comprehensive risk management services including monitoring of service and infrastructure networks, simulation models, action protocols and alert systems to find out the state of the city in real time. Learn about how we work with cities to build urban resilience (http://urbanresiliencehub.org/wp-content/uploads/2018/02/CRPT-Guide.pdf)[/fusion_text][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container][fusion_builder_container type=”flex” hundred_percent=”no” hundred_percent_height=”no” hundred_percent_height_scroll=”no” align_content=”stretch” flex_align_items=”flex-start” flex_justify_content=”flex-start” hundred_percent_height_center_content=”yes” equal_height_columns=”no” container_tag=”div” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” status=”published” spacing_medium=”” spacing_small=”” padding_dimensions_medium=”” padding_dimensions_small=”” border_sizes=”” border_style=”solid” box_shadow=”no” box_shadow_blur=”0″ box_shadow_spread=”0″ gradient_start_color=”” gradient_end_color=”” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center center” linear_angle=”180″ background_position=”center center” background_repeat=”no-repeat” fade=”no” background_parallax=”none” enable_mobile=”no” parallax_speed=”0.3″ background_blend_mode=”none” video_aspect_ratio=”16:9″ video_loop=”yes” video_mute=”yes” render_logics=”” absolute=”off” absolute_devices=”small,medium,large” sticky=”off” sticky_devices=”small-visibility,medium-visibility,large-visibility” sticky_transition_offset=”0″ scroll_offset=”0″ animation_direction=”left” animation_speed=”0.3″ filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″][fusion_builder_row][fusion_builder_column type=”1_1″ layout=”1_1″ align_self=”auto” content_layout=”column” align_content=”flex-start” valign_content=”flex-start” content_wrap=”wrap” spacing=”” center_content=”no” link=”” target=”_self” min_height=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” id=”” type_medium=”” type_small=”” order_medium=”0″ order_small=”0″ dimension_spacing_medium=”” dimension_spacing_small=”” dimension_spacing=”” dimension_margin_medium=”” dimension_margin_small=”” margin_top=”” margin_bottom=”” padding_medium=”” padding_small=”” padding_top=”” padding_right=”” padding_bottom=”” padding_left=”” hover_type=”none” border_sizes=”” border_color=”” border_style=”solid” border_radius=”” box_shadow=”no” dimension_box_shadow=”” box_shadow_blur=”0″ box_shadow_spread=”0″ box_shadow_color=”” box_shadow_style=”” background_type=”single” gradient_start_color=”” gradient_end_color=”” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center center” linear_angle=”180″ background_color=”” background_image=”” background_image_id=”” background_position=”left top” background_repeat=”no-repeat” background_blend_mode=”none” render_logics=”” filter_type=”regular” filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″ animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” last=”true” border_position=”all” first=”true”][fusion_youtube id=”https://www.youtube.com/watch?v=BsacBJpbIPQ” alignment=”center” autoplay=”false” api_params=”” title_attribute=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” css_id=”” /][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]

most-sustainable companies
Climate Change News

The most sustainable companies in the world

In this article we tell you the top 3 most sustainable companies according to Corporate Knights. The Canadian research firm, Corporate Knights, is a financial information company focused on sustainability, it ranks large companies worldwide, The list, The Global 100, is determined by the performance of the companies by reducing carbon and waste, their kind diversity among leadership, clean product revenue, and overall sustainability. https://www.corporateknights.com/rankings/global-100-rankings/2019-global-100-rankings/2019-global-100-results/ 1. Chr. Hansen Holding It is a Danish bioscience firm that makes more than 80% of its revenue by developing natural solutions to preserve foods like yoghurt and milk, protect crops with natural bacteria instead of pesticides, and search for alternatives to animal antibiotics. 2. Kering SA It is a French firm best known for consumer-oriented brands owner of firms such as Gucci, Yves Saint Laurent and Alexander McQueen, among others. The brand has shown that it takes sustainability seriously by getting more than 40% of its products from certified sustainable sources, and it is always looking for ways to improve that percentage. More than 60% of the Kering board of directors is made up of women, the gender composition of most large companies shows less than 20%. 3. Neste Corporation Based in Finland, until very recently, it was a fossil fuel company that refined oil to burn and generated greenhouse gas emissions in the process. But the firm changed its view, and now more than 50% of Neste’s investments go to the development of products such as renewable biofuels. Currently, 25% of the company’s income comes from biofuel refining, and its goal is to increase that figure in the coming years. Neste’s biofuel business represents 50% of its profits. More information on the methodology of the ranking.  

Other Categories

carbon-neutral urban mobility
Carbon Markets

On the road to carbon-neutral urban mobility

Carbon-neutral urban mobility is fast becoming an expectation for consumers. What strategies can ridesharing apps use to achieve it? Most popular ridesharing apps have begun offering carbon-neutral rides, but what are the differences between them? And how can the operators that lag behind catch up as carbon offsetting becomes a basic expectation for users?  Assessing the carbon impact of ridesharing On the surface, it would appear that the rise of ride-hailing apps would lower the carbon footprint of urban mobility, since people don’t need to use their own car (or even own one at all) to move around anymore. But the reality is not so clear-cut: because of their low price and practicality, these services often end up being the preferred alternative to public transportation, therefore raising the emissions associated with single trips. This trend accelerated during the Covid-19 pandemic, as more people avoided crowded public transport. Additionally, a recent study found that on a per-trip basis, the greenhouse gas emissions associated with a ride from Uber, Lyft or other such apps are actually about 20% higher than if the user drove their own car. That’s the result of what the authors call “deadheading”: the driving around that drivers do while waiting for requests, as well as going to pick up passengers. More on this topic: Corporations are demanding carbon-neutral transportation From carbon offsetting to electric rides For this reason, it is crucial that ridesharing operators take steps towards reducing their carbon footprint. Luckily, most of them seem aware of it. Most of their fleets were hybrid almost from the start, but in recent years, they started going further in their commitment to cut emissions.  Lyft began offsetting the CO2 of its rides in 2018, and in the first year of this program, purchased 2,062,500 metric tons of carbon offsets. But in 2020, the company decided to give up this strategy and focus instead on switching to 100% electric vehicles by 2030. While this is good news for the climate in the long term, it may mean an increase in the company’s carbon footprint in the short term, which Lyft has chosen not to offset. In the midst of the pandemic, Uber announced a target to become a zero-emission car service by 2040 by switching to zero-emission vehicles, public transportation or micro-mobility options like bikes or scooters for all of its rides. Rather than paying drivers to make the switch, the company will apply an extra fee to rides in electric vehicles, making it more lucrative for them. In Europe, FREE NOW committed to carbon neutrality in 2020, and targets at least 50% fully electric vehicle rides by 2025 and 100% zero emission rides by 2030 in all key European markets. Meanwhile, Estonian ride-hailing app Bolt announced in 2019 that all its rides were carbon-neutral, with a plan to invest €10 million in five years in carbon reduction measures and carbon offsetting projects.   In the UK, Canada and Russia, cab-hailer app Gett allows customers to request an electric ride. It also committed to offsetting 7,500 tons of CO2 over the course of 2019 to make its rides carbon neutral. To go further in its commitment, it gives customers an option to pay a little more for their ride as a voluntary contribution to a climate-positive project. CO2 in micro-mobility Shared electric scooters and bike operators generally start from a better position than car operators, since they do not need to use fossil fuels. And yet, apps like TIER in Europe and Bird in the US have also made carbon neutrality pledges. For them, carbon neutrality involves offsetting the carbon footprint of the electricity needed to charge vehicles, as well as the transportation footprint of delivering them. Some even go as far as promising to be carbon-negative: That’s the case of Bolt, which promised to make its e-scooter operations climate-positive by the end of 2020, meaning that it would remove more carbon from the environment than what is produced by the maintenance of its scooters. What carbon neutrality entails for ridesharing While switching to electric vehicles is a long-term solution to the carbon problem of ridesharing apps, the transition is likely to take time. Additionally, as seen in the above paragraph on micro-mobility, electric vehicles don’t mean zero emissions, since they still have to be charged. For these reasons, carbon offsetting is and will remain necessary to achieve carbon neutrality. But what does carbon neutrality entail for urban mobility? First, it requires calculating the carbon footprint of every ride by assessing distance and fuel usage. ClimateTrade offers a carbon footprint calculator for the mobility sector that does that automatically. Get in touch to try it out. Once a ride’s carbon footprint has been calculated, it can be offset by contributing to climate mitigation projects around the world. The ClimateTrade Marketplace is a great place to find certified carbon offsets for this purpose. It uses blockchain technology for all transactions, making them fully traceable and giving our customers the confidence of knowing that their carbon offsetting activities are generating real impact. Additionally, the ClimateTrade API can be integrated into ridesharing apps, automatically calculating and offsetting the CO2 of every ride, and informing customers in real time about their carbon footprint and the projects used to offset it. Best practice: Cabify Spain-headquartered multi-mobility company Cabify has been carbon neutral in Europe and Latin America since 2018, offsetting 100% of the emissions generated by its corporate activity and resulting from user and company journeys through the app. In three years, Cabify had already offset more than 310,000 tons of CO2 through environmental protection projects, equivalent to the protection of 12 million trees in the Amazon rainforest.  In 2020, Cabify announced its alliance with ClimateTrade to leverage blockchain technology for carbon offset traceability. This was a step further in the company’s sustainability commitment, digitizing and tracing footprint calculation and offsetting, and demonstrating a clear commitment to transparency. Read the Cabify case study

EU Carbon Border Adjustment Mechanism
Carbon Markets

Everything you need to know about the EU Carbon Border Adjustment Mechanism

Confused about the EU Carbon Border Adjustment Mechanism? We tell you everything you need to know in this article.  (Edit: this article has now been updated in our 2023 version: How the EU’s Carbon Border Adjustment Mechanism – CBAM is Evolving) In a bid to accelerate European decarbonisation and meet the EU’s target to cut emissions by 55% in 2030 compared to 1990 levels, the European Commission has proposed several measures to incentivize producers to pollute less and remain on EU soil. One of them is the Carbon Border Adjustment Mechanism, which would place a carbon tariff on electricity, cement, aluminium, fertilizer and iron and steel products imported from outside the EU, thus leveling the playing field for European producers and avoiding “carbon leakage”. How would it be priced? The price of the tariff would depend on the amount of emissions generated by the product and on the price difference between carbon in the EU and in the country or region the product comes from. It would be paid by EU importers of non-EU products. It is initially focused on direct emissions from production (scope 1), but could be extended to scopes 2 and 3 after a transition period. When would it be implemented? The Carbon Border Adjustment Mechanism would come into force in 2026 after a three-year transition (but proposed changes would move this date forward to 2025). The implementation of this mechanism would coincide with the phasing out of free allowances under the EU ETS, meaning that EU polluters would be forced to truly reduce or offset emissions, since moving production elsewhere would not spare them from the carbon price. Who would be most impacted? Within the EU, Bulgaria, Ireland and Greece are the countries most reliant on non-EU imports in sectors included in the mechanism: if it were implemented today, more than 50% of their imports would be subjected to the tariff. In Spain, this number would be close to 40%.  Research suggests that the majority of products included in the Carbon Border Adjustment Mechanism come from Russia, Turkey, the UK and China. Countries that have their own carbon price in place could be partially exempted from the mechanism, as importers would be able to deduct the exporting country’s carbon tax from the EU tariff. These include the UK, China and South Korea, though the level of exemption would depend on the carbon tax in place and the sectors covered. What has been the global reaction? Several countries have criticized the EU proposal, including Russia, India, Brazil and China, and some have threatened to denounce it to the World Trade Organization, which could lead to litigation. Some European industry groups have argued that the legislation would undermine the competitiveness of EU companies. The proposal was announced in July 2021, and is currently being debated at the European Parliament. Interestingly, the proposed changes would make the Carbon Border Adjustment Mechanism more radical, with an earlier implementation date and more products included in the scheme. The proposal now has to be debated among member states.  How can ClimateTrade help? As a European-based blockchain marketplace for climate, ClimateTrade is deeply connected with the EU carbon market. Contact our team if you need help to understand how this measure would affect your company.