Climate Impact

Climate Impact

nuclear energy
Blog

The New Energy Race: Why Thorium and Next-Generation Nuclear Could Power the AI Era

La electricidad se ha convertido en el activo estratégico del siglo XXI. Con la explosión de los centros de datos de IA y la electrificación industrial, el mundo necesita fuentes de energía limpias, continuas y escalables. Los Pequeños Reactores Modulares (SMR) de thorium —incluyendo la tecnología que ClimateTrade promueve— emergen como una respuesta innovadora: modulares, seguros y capaces de desplegarse offshore para alimentar la civilización digital del futuro.

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Climate Impact

How are heat waves related to climate change?

The increasing frequency and intensity of summer heat waves have become a defining feature of our changing climate. Once considered rare and extreme events, heat waves are now more common, longer-lasting, and more severe, raising important questions about their relationship to climate change.

ClimateTalks: Let’s meet Will Solutions
Climate Impact

ClimateTalks: Let’s meet Will Solutions

In this episode of ClimateTalks we meet Will Solutions to discuss how they are Pioneering decarbonization through their sustainable community project.

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Ukraine Russia climate
Climate Change News

The climate consequences of the Ukraine-Russia war

Russia’s invasion of Ukraine has had catastrophic human consequences, with thousands of casualties and millions of people fleeing the country. But it is also having a negative impact on the climate, jeopardizing efforts to meet the goals of the Paris Agreement. Russian sanctions Europe has historically been very dependent on Russia to meet its energy needs. Natural gas represents about 20% of its energy mix (the different sources of energy that are used to make electricity) and in 2021, about 40% of all the natural gas imported by Europe came from Russia.  When Russia invaded Ukraine, the European Union retaliated by imposing economic sanctions on the country, and particularly on its banks to hinder financial flows. As the war progressed, sanctions became harsher, many exports to Russia were banned, pipeline projects were stopped and several countries began boycotting Russian oil and gas.  Today, the US has banned all oil and gas imports from Russia and the UK has announced that it will phase out these Russian products by the end of 2022. The EU itself is not in a position to take such a firm stance, but several EU countries, including Estonia, Lithuania and Latvia, have stopped purchasing fossil fuels from Russia. Fossil fuel subsidies This desire to cut energy ties with Russia has disrupted the global fossil fuel market, leading to a sharp rise in gasoline and electricity prices. This has spurred general discontent among the population, fears of rising energy poverty, and trucker strikes. As a result, many governments are promising to cut taxes on fossil fuels, backtracking on a recent trend to increase them to discourage their purchase. Even in California, a US state known for its commitment to climate action, the Governor recently proposed a US$400 yearly rebate per car to bring residents some relief. Return to coal  To make up for the lost oil and gas supply, as well as rising prices, many countries are also turning to a cheap but highly polluting source of energy: coal. Coal consumption in Europe had been declining steadily in recent years, and as recently as October 2021, during COP26, many countries were calling for a total ban on coal. But now, plans to close coal plants have been stopped and the consumption decline has slowed down: from a 29% drop between 2017 and 2019, it went to just 3% between 2019 and 2021. This is likely to slow down Europe’s decarbonization in the short term, even though in the long term, the European Union wants to double down on renewable energy development to get closer to self-sufficiency. Amazon deforestation Another, lesser-known impact of the Ukraine crisis is the threat of further deforestation in the Amazon. Brazil’s far-right President Jair Bolsonaro is a strong supporter of economic development in the region – denying environmental concerns and indigenous rights to land – and he is now using the Russian war as an argument for more extraction in the Amazon. Brazil’s agricultural sector relies heavily on fertilizer imports, and the majority of those imports come from Russia. As the war began, Bolsonaro identified an “opportunity” for Brazil to become less reliant on Russia by developing its own fertilizer production – mining potassium from the Amazon. Even though indigenous leaders have pointed out that only 11% of potassium reserves are inside indigenous lands, the president’s declarations have supported the acceleration of deforestation – both legal and illegal. This pattern has led many experts to warn of an upcoming “tipping point”, where large parts of the rainforest will turn into dry savannah, changing weather patterns and releasing billions of tons of carbon dioxide into the atmosphere. While the short-term social and economic consequences of the Ukraine-Russia war are undeniable, global leaders should not lose sight of the bigger picture in grappling with them: climate change remains the biggest threat for human life on this planet, and our window for action will not stay open much longer.

carbon footprint calculator for construction sector
ClimateTrade News

ClimateTrade and Spain’s CSCAE launch a carbon footprint calculator for the construction sector

Spain’s 2030 Observatory of the Consejo Superior de los Colegios de Arquitectos de España (CSCAE), a business association for architects and contractors, and ClimateTrade, have developed a carbon footprint calculator for companies in the construction sector. This is the first step in helping the construction industry achieve carbon neutrality. The application is the result of a partnership agreement signed between the CSCAE and ClimateTrade to jointly develop digital initiatives to fight climate change and achieve the UN’s Sustainable Development Goals (SDGs) for the 2030 Agenda. The calculator is free to use and already available for the almost 200 members of the CSCAE’s 2030 Observatory, allowing them to calculate carbon footprint offset it through environmental projects in Spain and around the world. Francisco Benedito, CEO and Co-Founder of ClimateTrade, comments: “This partnership is set to allow direct contribution to the SDGs via dozens of projects around the world which, through our marketplace, will provide full transparency on how funds are allocated. At the same time, it is important to offer SMEs and independent contractors this free carbon footprint calculator to help them realize their own environmental impact and quantify their footprint. Through simple annual company data, the calculator provides a summary of CO2 emissions, which can then be offset on the platform, making carbon neutrality easier.” Ángela Baldellou, Director of the 2030 Observatory 2030 of CSCAE, adds: “With this new initiative, we can support our members and partners in their journey towards a more sustainable business model. We are delighted to have the participation of ClimateTrade, which has made the process more digital and more simple, providing companies with the environmental projects that will allow them to move forward with their social responsibility strategy towards a fairer, more sustainable world.” The calculator is very easy to use: based on the standards of the Greenhouse Gas Protocol, the tool prompts the user to enter energy consumption and transportation data, and offers a summary and analysis of CO2 equivalent emissions across a full year. Once calculated, emissions can be offset on the platform, where the user can select the most appropriate mitigation projects and get access to their transaction history in their private account. In Spain, buildings consume about 30% of the country’s total energy, and are responsible for 36% of national GHG emissions. The International Energy Agency (IEA) estimates that direct CO2 emissions from buildings need to be reduced by half, and indirect emissions from the construction sector cut by 60% by 2030 to meet 2050 net zero targets. According to WorldGBC, the construction and demolition phases, as well as the material supply chain, represent between 10 and 20% of a building’s lifecycle carbon footprint. Making a lifecycle assessment of carbon emissions offers new perspectives for their decarbonisation. However, public policies that take these processes into account are also necessary to completely decarbonise buildings in the coming years. To find out more about ClimateTrade’s sector-specific carbon footprint calculators, read our case studies or contact us.