27 w
People often question about textile recycling, including me. Why they are not recycled? Why they ends-up at land's fill? Does recycled polyester mean that it is from PET bottles that I put into recycle bins in the past? Is natural and synthetic mixed material is good for the environment? No, No, No, No. Even with this amazing technology of identifying the textile contents, still textile sorting and recycling is not happening in many countries. We just don't have a proper system. We need a proper platform about this instead of sending and selling them to Africa. https://www.instagram.com/reel/CzD1cbjoRBK/ https://www.instagram.com/reel/CzD1cbjoRBK/
https://www.instagram.com/reel/CzD1cbjoRBK/
2 d
In this week's GoodCause Donation Night, 8 charitable organizations received over 15M SEK (Almost €1.3M) in donations from the GoodCause Foundation. The Foundation was founded in 2004 with the intention of starting businesses with the intent of donating their entire profit to charities chosen by their consumers. In 2024, two companies, GodEl and GodFond, contributed with a multi-million sum to these organizations, including 1.4M SEK to the Swedish Society for Nature Conservation (Svenska Naturskyddsföreningen), and 7.5M SEK to Doctors Without Borders (Läkare Utan Gränser) This is a fantastic example of what good entrepeneurship can look like, and how we can all contribute to making the world a better and more inhabitable place. Congratulations to all the recipients! Image credit: GoodCause
146 more agrees trigger scaled up advertising
•
•
7 h
Indeed a good cause ,living up to their name with lots of action.
•
•
•
2 d
That's great and awesome. Their actions seem to walk the talk as well as what their name stands for... Continue doing the good cause to many. It's a commendable and noble thing.
•
2 d
Bravo 💚
3 d
Impulsouth is a coalition of organizations working to increase knowledge and capacity on climate action in developing countries, seeking to strengthen southern engagement with the Paris Agreement, fostering south-south cooperation, and bridging the gap between local and global efforts in climate governance. The initiative is led by Fundación AVINA, IDRC, FLACSO-Ecuador, and United Nations University (UNU). Operating across six countries – the Dominican Republic, Guatemala, Madagascar, Niger, Uganda, and Zambia – Impulsouth is committed to empowering new actors in climate action through research, education, and innovation. At the core of its mission lies building the capacities of individuals and institutions, recognizing it as a cornerstone for driving meaningful change towards a just transition. During its first phase (2021-2024), Impulsouth supported research on climate change, delivered virtual training courses for young climate professionals, launched Solutions labs to support young leaders in implementing solutions, and supported engagement in global governance spaces. Impulsouth Main Results 2021-2024 In terms of research, six national reports on capacity and knowledge needs and gaps were developed regarding capacities and knowledge, crafted with a common action research methodology. The reports encompass a series of recommendations, needs, and gaps that must be addressed to advance adaptation planning, particularly concerning the assessment of climate impacts, vulnerabilities, and risks with a gender emphasis in the project's focal countries. Training was provided through the course “Climate Leadership: From Commitments to Action”, where a total of 114 young professionals, of which 63% were women, participated in three cohorts during the 2022 and 2023 courses with 62 individuals obtaining certification. Through a Solutions Lab, 31 climate action ideas were developed, with 20 being incubated. Leveraging a blend of seed grants, mentorship, and training, young leaders from Latin America and Africa converted their ideas into impactful solutions that benefited communities impacted by climate change. The stories of 17 of these young individuals were featured in a "Stories to Inspire Climate Action" series, which serves as a testament to the power of youth leadership and innovation. You can read the stories here. Finally, for global governance, Impulsouth has enhanced the capacities of emerging leaders in the Global South, equipping 400 individuals with knowledge about global climate negotiations through short training sessions. The webinars are available for public use here. This holistic strategy underscored the alliance's commitment to building resilient and inclusive communities, poised to tackle the pressing climate issues of our time. With a renewed sense of purpose, Impulsouth looks towards the future, poised to build upon its achievements and drive even greater impact in the second phase of the project.
•
•
3 d
This is so important, everyone needs to be part of the climate transition, I hope you will be sharing some of the stories from Impulsouth members!
•
•
3 d
The Global South has to be a part of the transition, projects like these are crucial for the transition. Great news!
2 w
Alfa Laval is pleased to be part of the consortium Molten Salt Storage (MOSS), funded by the Energy Technology Development and Demonstration Program (EUDP), which recently inaugurated the completion of the world's first thermal energy storage system using molten hydroxide salts. The project aims at bringing Hyme Energy’s novel thermal storage technology to life through a strong collaboration with industrial and academic partners: Alfa Laval, KIRT X THOMSEN, SULZER, Seaborg, Aalborg University, Energy Cluster Denmark, Hyme Energy, and DIN Forsyning. Alfa Laval is a world leader in the innovative heat exchanger technologies that will be vital to enable commercially viable long-duration energy storage, fundamental for the decarbonization of Industrial heat. As a significant contributor to the MOSS project, Alfa Laval will deliver the Header & Coil steam generator that is a critical component in the process and the key for producing steam from the system. "According to the COP28 commitment, the world must double the rate of improvement in energy efficiency and triple the rate of renewable energy by 2030. That is why energy storage is pivotal when driving the shift towards renewable energy sources and an important pathway to decarbonization and a more sustainable future,” says Thomas Møller, President Energy Division, Alfa Laval. "We are excited that our pioneering and highly efficient Header & Coil heat exchanger technology will contribute to the MOSS project and being part of building the first molten hydroxide salt energy storage plant in the world,” says Alasdair MacIver, Head of Energy Storage Solutions at Alfa Laval. The MOSS production facility was inaugurated at Semco Maritime in Esbjerg, Denmark with the consortium partners, and a number Danish dignitaries from the political and industrial sectors, on the 24th of April this year. It is planned to house the technology capable of storing renewable energy for sunless or windless days – a crucial starting point for a future climate-friendly and fully balanced energy system. As the consortium pilot plant, it will be able to test and prove the scalability of the system and the technological development of the solution. What the future will bring In the long term, Hyme Energy’s thermal energy storage technology will play a significant role in the energy transition by enabling industry and utility companies to replace fossil fuels with renewable energy for heat and steam production. The plan is to commercialize the full-scale solution in 2026. A commercial facility will be able to store renewable energy in up to 600 degrees molten hydroxide salt on a GWh-scale. "Innovation and green solutions are part of the DNA of Danish business. Developing and pioneering new paths benefit both the bottom line and our climate. Therefore, I am pleased that a new energy storage solution is now being introduced here in Esbjerg, which will be crucial for a successful transition of our energy system," says Søren Gade, Speaker of the Danish Parliament and Chairman of Port Esbjerg. Heat consumption accounts for half of the global energy consumption and represents 40% of global CO2 emissions. High-temperature steam is used in electricity production and in a wide range of industrial processes to produce many of our daily goods (food, chemicals, materials, etc.). The MOSS facility is a step closer to decarbonizing these processes. Typical process flow of a Thermal energy power-to-heat storage process.
•
•
1 w
That sounds like an impactful collaboration!
•
•
1 w
This is a game-changer for a stable, clean energy grid. Looking forward to seeing this technology reach commercial scale in 2026!
•
•
2 w
This is a groundbreaking achievement in renewable energy innovation. 👏
3 w
As we mark #EarthDay today, we turn towards one of the most urgent issues the Earth is facing today and this year’s Earth Day theme - Planet vs Plastic! Every year, millions of tonnes of plastic waste suffocate our ecosystems, causing dire consequences, especially for our children, who are the most vulnerable among us. The production of plastic on a global scale has been increasing rapidly over the past few decades. According to Statista, the amount of plastic waste produced has increased by 7.11% since 2021. Currently, more than 380 million tonnes of plastic are manufactured, with half of them being intended for single-use purposes. These actions have a direct impact on our health and well-being, especially for children. Infectious diseases, air pollution, rising temperatures, and malnutrition are some of the factors that affect them the most. According to the World Health Organization's analysis of the impact of climate change on human health, children under the age of five are particularly vulnerable, regardless of the country's level of development. This age group bears 88% of the total burden of disease caused by climate change, while an additional 5% of the burden affects children between the ages of five and 14. While it is important to understand that each one of us can contribute towards addressing the plastic epidemic, the role of business and the private sector in creating a healthier future for our planet cannot be ignored. The private sector is at a turning point, with a unique chance to shift toward sustainability and safeguard the rights and health of future generations. During #COP28, UN Environmental Executive Director Inger Andersen cautioned that plastics cannot be relied upon as an alternative to energy systems as they decarbonise. The emissions produced by plastics are too costly for the world to bear. Furthermore, even if we did rely on plastics as a "lifeboat," we would be aimlessly bobbing around while the world changes around us. By embracing a child rights perspective and prioritising children's well-being, corporate efforts can contribute to both environmental sustainability and the welfare of children. Discover how businesses can work together towards a sustainable future that prioritises our planet and our children: https://globalchildforum.org/blog/four-ways-that-business-can-ensure-a-greener-future-for-children/ Earth Day is an annual event held on April 22nd to show support for environmental protection. It was first observed on April 22, 1970, and now includes a wide range of events coordinated globally by https://EARTHDAY.ORG .
•
•
3 w
plastics are the greatest enemy of our lands
5 w
Take two minutes of your time to support ocean conservation! ProtectedSeas Navigator, the largest global map of marine life protection, was released online last year, making information on ocean regulation accessible to anyone with an internet connection. For making this information more readily available, the map has now been nominated for a Webby, the most prestigious internet award in the world, and your vote decides which project receives the prize! In July of last year, you could read about the launch of the ProtectedSeas Navigator, a digital, open access, and interactive map of regulatory information of over 21,000 managed saltwater and coast areas worldwide, including the high seas. The map is produced and maintained by ProtectedSeas, an Anthropocene Institute-funded project that has compiled regulation data from around the world and made it digital and easy to understand. For this work, the ProtectedSeas Navigator has now been nominated for a Webby. This recognition from the “leading international award honoring excellence on the Internet” is a fantastic acknowledgment, showing that raising awareness on marine life protection is an important action both for environmental sustainability and for maintaining the fish populations that are so important for the livelihood of many coastal communities around the world. To vote for ProtectedSeas Navigator for the Webby, go to the nomination page and click on “Vote” next to the entry for the map: https://vote.webbyawards.com/PublicVoting#/2024/websites-and-mobile-sites/general-desktop-mobile-sites/law About ProtectedSeas The world’s oceans are at risk due to ocean acidification, pollution and overfishing. ProtectedSeas was founded in 2015 to develop innovative technology solutions for ocean conservation with a focus on marine protected areas to help save biodiversity. By presenting these regulations in a way that is easy to understand, ProtectedSeas aims to support ocean conservation efforts globally. Today, the ProtectedSeas team has developed the most comprehensive resource of regulatory information of marine protected areas in the world and offers a one-of-a-kind marine monitoring solution to enhance awareness of and compliance with ocean protections globally. Read more on protectedseas.net.
•
•
5 w
Congratulations for the nomination.
•
•
•
5 w
Congratulations on the nomination!
•
•
5 w
Congratulations for the warm nomination🥳🥳
4 w
How can we build an economy that is just, resilient, and operates within planetary boundaries? At Circularity 2024, you learn from nearly 2,000 thought leaders and practitioners across industries and value chains building the circular economy. Circularity 24 is the leading convening of professionals building the circular economy. By participating, you’ll gain access to more than 60 thought-provoking sessions, connect with over 2,000 peers and become empowered in your role to accelerate the transition to a circular economy. Circularity 24 takes place at the Marriot Marquis in Chicago, Illinois, on May 22-24. Members of the We Don't Have Time community who register before April 19 can use the 10% discount code C24WDHT for a combined savings of over $700 off the Final Rate All-Access Pass. Register here for discount. https://www.greenbiz.com/events/circularity/2024?utm_medium=partner&utm_source=wdht&utm_campaign=c24&utm_content=--advance
•
•
3 w
Wow,this is so nice.Looking forward to this new edition of circular economy.
•
•
4 w
Looking forward ot this new edition of Circularity!
•
•
4 w
Nice... I know this edition will benefit all and we should encourage more people to register.
6 w
Sopköket is now ready to scale up in Stockholm! We are looking for larger kitchen space of 200-500 sqm and a collaboration with a real estate company that want to be part of our exciting journey ahead. Sopköket started 2015 and the past two years we are unique in Sweden to have reached a financial positive result being 100% circular as a catering business. Do you have a kitchen to rent out in Stockholm and want to know more? DM or email info@sopkoket. se. Together we can do more in the fight against food waste, hunger and poverty.
•
•
6 w
So fantastic to see you scaling up and growing! I will definitely keep my eyes and ears open about a kitchen
7 w
We would all love a quick fix to the many issues, including extreme climate events, that are emerging in the face of Arctic ice melt and global warming. As a solution, geoengineering is a hot topic. It has been grabbing headlines, and many leading institutions have been developing programmes to look specifically at its role in moderating the climate crisis. In this blog series, we asked eminent scholars in polar science to share their thoughts on geoengineering projects: initiatives that are proposed as 'quick fixes' to climate change that avoid emission reductions. The researchers stress the shortage of scientists engaging in geoengineering initiatives, causing these projects to have numerous unforeseen side effects that may do more harm than good. 📲To read the full blog, visit: https://globalclimaterisks.org/insights/beyond-quick-fixes/?utm_source=WDHT&utm_medium=post&utm_campaign=WDHT0324
•
•
7 w
Am glad that people are trying to find out solutions that will help save the planet and help solve the issue of climate change.
•
•
7 w
Wow😲this is impressive. Looking forward to such series
8 w
•
On a crisp Saturday morning in March, 60 individuals gathered in a school in the suburbs of Stockholm, embarking on a groundbreaking journey – Sweden's first Citizen Assembly on Climate. This initiative, a part of the research project Fairtrans, aims to stimulate informed public discourse and provide tangible recommendations to address the pressing climate crisis to policymakers. We Don't Have Time was there to document the inaugural meetings of this first-of-its-kind event. Understanding the Citizen Assembly What exactly is a citizen assembly, and why is it happening now? Citizen assemblies are a form of deliberative democracy where randomly selected citizens come together to deliberate on specific and complex societal issues, in this case, climate change. This approach has been gaining traction globally as a means to involve citizens directly in decision-making processes and strengthen democracy. Successful implementations have been seen in countries like Spain, Ireland, Finland, and France. With the urgency of the climate crisis becoming increasingly apparent, and after two years of planning, on March 9 it was now Sweden’s turn to launch its first citizen assembly to explore innovative solutions. “A country in miniature” Ensuring diversity and representation was paramount in the selection process of the 60 assembly members. From an initial pool of 7,000 individuals invited via mail and SMS, 473 expressed interest. The final 60 were chosen with an algorithm, with replacements available. Factors such as political affiliation, level of climate concern, education, and geographic distribution were considered to mirror Sweden's demographic landscape. The final participants represent a microcosm of Swedish society from the southern region of Scania to the northern city of Umeå and from 17 years old to 80. “An honour to be here!” - First Weekend Highlights The inaugural weekend was marked by enthusiasm and engagement, with participants expressing curiosity and a sense of responsibility towards the process. “It’s an honour to be here and represent Sweden’s population and get the opportunity to influence our country’s climate policy.” After an introduction by their mentors Carolina Klüft and Sverker Sörlin, the assembly delved head first into a series of keynote presentations by leading experts in climate science and policy. From climatology to indigenous perspectives, or the role of the private sector, the shared knowledge laid a solid foundation for informed discussions in the months ahead. The Citizen's Assembly had the privilege of hearing from esteemed experts who provided insights into various facets of the climate crisis. Get the chance to watch their keynotes and exclusive interviews here: https://www.wedonthavetime.org/events/climatecitizenassembly The participants were split into smaller groups and engaged in various workshops, including Climate Fresk and reflection sessions. These sessions aimed to encourage togetherness among participants and help each discover their role in the assembly process. "We are all so different here and everyone has something to bring to the discussions from their experience and where they come from in Sweden." Next Steps: Beyond knowledge, empowering change through collective decision-making Following the initial meetings, the assembly will continue its deliberations online, focusing on knowledge creation, workshops, and thematic discussions, notably on transportation a significant contributor to Sweden’s greenhouse gas emissions. With the help of experts, participants will examine alternative transportation modes, infrastructure development, and behavioural changes necessary to transition towards a greener transportation system. These discussions will culminate in the formulation of recommendations to be presented during an in-person meeting in May, where participants will vote on a final proposal. The ultimate goal is to communicate and pass forward this final proposal to policymakers at national, regional, and local levels. "I can't wait to go home and read more about what we discussed this weekend and go on with the process." What outcomes can we expect from the proposal to be taken forward by the Assembly? As Sverker Sörlin aptly said, "It's anyone's guess!" And therein lies the beauty of this democratic experiment. What happens when the people get to express themselves? In any case, I look forward to attending the final meeting in May and reporting to you. / Sarah Chabane, Global Community Manager, We Don't Have Time - March 18th 2024.
•
3 w
I love the article. It's articulated.
•
•
•
8 w
Great article Sarah!
•
•
8 w
A fascinating start to this process, my only fear is that the assembly isn't properly heard by policymakers, but with enough support from the rest of Sweden their voice should be very hard to deny.
9 w
Alfa Laval gathers stakeholders from across the value chain in upcoming collaboration event. According to the COP28 agreement, our energy efficiency efforts must double for us to reach global net zero targets by 2030. This state of awareness needs to be converted to action and implemented at scale if we want to make it a reality. That is where Sustainable Cities comes into play. With cities accounting for 80% of the global energy consumption and more than 70% of global carbon emissions, improving energy efficiency in heating and cooling systems, integrating sector coupling, and collaborating in groundbreaking partnerships can really make a difference. On the 9th of April, Alfa Laval will be hosting the first net zero collaboration event, inviting stakeholders from the industry, representatives from cities, policy makers, and partner organizations to participate in a panel discussion on this important topic. - How can we drive change through partnerships? - How do we convert awareness into action and implement at scale? - How can industries and cities use collaboration to double down on energy efficiency? COP28 shed light on the importance of energy efficiency in making cities sustainable and cutting their dependency on fossil fuels. Implementation of technologies for heat recovery, as well as district heating and cooling have proven to significantly improve energy efficiency in cities and will be an integral part of reaching net zero goals in cities across the World. With electrification and exponential population growth occurring in most cities all over the world, the need for energy efficient heating, and cooling solutions are also on the rise. To meet this demand and make the cities truly sustainable, collaboration, sector coupling, and the implementation of efficient heat transfer technologies will be crucial. "COP28 was a starting point for creating awareness around Sustainable cities. Now it is time to bring these learnings into action, and to effectively implement these practices on a larger scale. Making the cities more energy efficient and less fossil fuel dependent in relation to heating and cooling is pivotal for the climate transition and to support cities in reducing their emissions. That is why we bring together stakeholders from sectors across the value chain, because we need collaboration to successfully drive change,” says Thomas Møller, President Energy Division, Alfa Laval. The collaboration event on Sustainable cities will be broadcast on the 9th of April. It will be available to watch here at We Don't Have Time Play. Agenda - INTRODUCTION – The City Challenge in the energy transformation - COP28 – The cities’ contribution to doubling the implementation rate of energy efficiency Mark Watts, Executive Director at C40 Cities Climate Leadership Group - REFLECTIONS FROM COP28 Julien Gennetier, President Gasketed Plate Heat Exchangers at Alfa Laval Anna Hall, Head of Public Affairs, Energy Division at Alfa Laval - SEEING IS BELIEVING – Best practices for energy efficiency in cities and their surrounding ecosystems - PANEL DISCUSSION - What are the solutions and how do we implement at scale? What roles do energy, district heating, and heat networks play in a Sustainable City? How does standardization and collaboration across the value chain support the scale up? How can policies and financial instruments support the change? What role do energy efficient buildings and a holistic energy system play? How can district cooling support cities on the journey towards net zero? PANELISTS Aurélie Beauvais, Managing Director at Euroheat & Power Olivier Racle, Head of the Business Platform DHC at ENGIE Phil McDermott, City Energy Transformation Lead at E.ON UK Sezgin Kadir, Group CEO at Kraftringen Anna Ekdahl, Director, Energy Intensive Industries, Energy Transition at Ramböll Ulf Gehrckens, Executive Vice President Corporate Energy & Climate Affairs at Aurubis AG Malgorzata Moczynska, President Brazed and Fusion-bonded Heat Exchangers at Alfa Laval Neil Parry, Global Head of District Energy at Alfa Laval - ONE MORE THING – Showcasing the power of collaboration Industry-first tech is becoming part of the district heating network Host during the event will be journalist and EU Climate Pact Ambassador, Catarina Rolfsdotter
•
7 w
Something should be done for energy efficiency as soon as possible, global warming is making itself felt more and more every day, to feel a little good https://basketballlegends.fun/
•
•
9 w
This is a great action
•
•
9 w
Cities lead in the numbers when it comes to emissions in residential places and it is about time we acted on them to reduce the burden they put on our ecosystems by implementing sustainable cities
9 w
Yesterday, the first Art for the Globe Award was administered, Sweden's largest award for cultural initiatives that engage and empower people to take action for the environment and climate. The first recipient of this award was Magnus Carlson, lead singer of Swedish band Weeping Willows, and a life-long advocate for preserving the Baltic Sea and other ecosystems. He has expressed his advocacy in his music, on stage during concerts, in TV and radio programs that he has participated in, and in several books that he has written about the environment. For his environmental work, Carlson received SEK 500,000 (Equivalent to €44,500) and an art piece called "Patterned Moon". The Award is managed by the Art for the Globe foundation, founded by art collector Johan Wallin to give SEK 1 million to initiatives that combine culture with environmental action every year. According to Magnus Carlson, this award is a rare acknowledgement of his dedication, and an encouragement to continue pushing for this crucial issue, increasing awareness and influencing policymakers to take action.
130 more agrees trigger scaled up advertising
•
•
4 w
Kudos @magnus music has wider audince
•
•
9 w
Increasing awareness is one of the crucial components of ensuring that by 2030 we accomplish going green globally.
•
9 w
I am thrilled up by the effort of this fellow. Empowering people & educating them on the significance of maintaining the climate deserve a thump up👍👏
9 w
Trine invests in companies and projects that create an impact on local communities and the planet by giving people in emerging markets access to affordable and clean energy, people who may not have had reliable access to electricity at all before. One of these is Distributed Energy, a company that develops solar power in communities where the energy infrastructure has historically been lacking. To learn more about what it’s like to work in this market, we sat down with Ruchir Punjabi, CEO and co-founder of Distributed Energy. Distributed Energy makes solar energy affordable and accessible for small and medium enterprises (SMEs) in emerging markets. Founded in 2019, the company has the majority of its live plants in India but also operates in the United Arab Emirates, Rwanda, Botswana, Burkina Faso, Kenya, and Tanzania. “In terms of making solar affordable,” said Ruchir, “the primary focus is financing through power purchase agreements where we sell electricity, or some form of loan/lease.” The goal is to spread out the cost of the plant over time, making the transition more affordable. Distributed Energy started working with Trine in June of 2023, in an agreement for a $5 million debt sheet from Trine towards solar assets in India. “As any debt lender, they presented certain requirements, and as long as we meet them they list our projects on their website and provide us with debt,” said Ruchir, emphasizing Trine’s role as a catalyst in financing renewable energy. “There is a lot of capital available for large-scale utility solar, and some money available for energy access small-scale solar, used for communities, mini-grids, and so on. But if you want to fund solar for what is considered the engine of the economy – 90% of the economy is from SMEs – there is almost no money available.” Trine as a catalyst for solar investments Ruchir went on to describe the difficulty for smaller companies to borrow money in countries like Burkina Faso, where banks require 100% cash collateral for loans to SMEs. Early investors who are willing to take a risk are of supreme importance in these markets. “Trine plays a catalytic role because as a crowd funder, they are willing to take risks that traditional lenders are not willing to.” After Distributed Energy got Trine on board, other lenders noted that Trine rates them highly, which paves the way for other capital to be more comfortable in making investments. “I hope they continue to play that strong role because people like us are able to jump from being a nobody to being somebody because there are people like Trine in the middle,” said Ruchir. The impact requirements from Trine were not a problem for Distributed Energy to comply with. “We have been measuring four factors of impact from the beginning: coal displacement, emission avoidance, air quality, and SME savings,” said Ruchir, continuing to explain that Trine’s other requirements were more beneficial. “Trine needed a structure to appropriately lend to us for solar plants in India, so we needed to find a structure that was both compliant with laws in India and worked for Trine.” This requirement pushed Distributed Energy to create a legal node on structuring in their company, which skips about a month of work when approaching other lenders outside of India. What we need to expand solar energy projects in Africa and Asia In their work of kickstarting solar projects in emerging markets, Distributed Energy has found three major challenges: A lack of trust from investors in projects in emerging markets; managing and underwriting risk in these markets; and ensuring that the operations are of the appropriate quality while staying within budget. Lack of trust: Some of the capital that has gone into the solar space in emerging markets before was not used very well, which means that investors are unwilling to invest in these projects again. This puts Distributed Energy in a classic startup no man's land, where they have some track record, but it’s not big enough for big lenders to get excited yet, while some of the smaller investors have been burned once by the market. “Finding equity capital that is excited to back us is a lot of hard work.” Managing and underwriting risk: In some of the markets there are no standards for these types of lending, and there can even be cases where people take the equipment provided but do not pay, meaning that for pioneers like Distributed Energy, a lot of work needs to go into checking the loan takers and the measures the company can take if they don’t follow their agreement. “If we do badly, we will set a bad example for the others who follow us, and that responsibility we take really seriously.” Operations: When building and managing plants, Distributed Energy has to make sure that the partners they work with are of high quality, otherwise the projects run a serious risk of going over budget. “You really have to do a lot of diligence on the partners you work with, and have the ability to execute in these markets with your own people.” More investors need to join the fray Solving these challenges requires new ways of doing things, and Distributed Energy acts as a pioneer in these markets, putting the systems in place that allow more capital to flow into energy projects, which Ruchir believes will happen quickly once they reach a certain tipping point. “As we build a track record, we will get more people interested.” Looking into the future, Ruchir explains what lies ahead for Distributed Energy if they get more investments through Trine and other actors. “We want to continue to mainly do small and medium solar until we reach 50 million in assets under management,” he explains, “After that, we want to enable other aspects and go deeper in our relationships with businesses, to do things like energy efficiency, energy trading, energy storage projects and so on.” A lot of businesses have complex energy requirements, and by being able to provide systemic solutions Distributed Energy can help them bring their business ideas forward in a sustainable way. In the end, preparing businesses in emerging markets for further investment is the goal. “The day banks start lending for solar without needing additional collateral is the day we’ve won.” Invest in solar energy in emerging markets with Trine: https://trine.com/go/wdht-de
•
•
9 w
Trine's investment focus on providing affordable and clean energy to underserved communities is truly impactful.
•
•
9 w
This is a huge step in ensuring that we all go green in the near future
•
•
9 w
Very interesting to hear about the challenges of financing solar projects in emerging markets, I didn't know about that! Another reason to support Trine in your work to introduce funds in those regions, thank you for your work!
10 w
Why the time is NOW to address climate change As the effects of catastrophic climate change begin to materialize in parts of the world, the alarm sounded by Jonathan Foley from Project Drawdown rings loudly in our minds: "Meeting the Paris Accords—and limiting global warming to 1.5˚ C or 'well below' 2˚ C—requires we stabilize emissions and then cut them nearly in half by the end of the decade." The urgency of addressing climate change in a strategic manner has never been more apparent, and the time is now to take bold and immediate action. In this blog post, we will explore why the next several years are crucial, the challenges we face, and how innovative solutions, including those offered by Tradewater, can play a vital role in steering us towards a sustainable future. The critical decade: how we’re falling behind According to the "Carbon Law," a framework derived from various climate scenarios, immediate action is imperative. We must stabilize and cut greenhouse gas emissions by almost half by the early 2030s, ultimately reaching "net zero" emissions by the early 2050s. Unfortunately, we are falling behind this trajectory, and the deployment of many climate solutions is not swift enough. This urgency is compounded by the fact that we are already experiencing approximately 1.2˚ C of warming. The need for bold, rapid, and transformative changes in policy, capital, business, technology, and behavior has never been more pressing. The non-CO2 gas problem A significant hurdle in the race against climate change lies in non-CO2 gases, which account for nearly half of all global warming from human activity since 1970. Unlike carbon dioxide, these gases, once released into the atmosphere, cause rapid damage and cannot be removed through nature-based solutions or other technologies. Immediate reduction of non-CO2 gases is essential, opening a crucial window for implementing longer-term strategies focused on CO2 reductions and removals. Tradewater's contribution In this race against time, Tradewater is proud to be making a critical contribution. Focused on two major categories of non-CO2 gases – halocarbons and methane – we are actively engaged in finding, collecting, and destroying halocarbons from equipment and stockpiles globally, expanding into new regions and countries every year. Additionally, we are taking strides to permanently stop methane emissions by identifying and plugging leaking and uncontrolled orphaned oil and gas wells, starting with the U.S. Halocarbons, potent greenhouse gases often found in old equipment and stockpiles, pose a significant threat to our climate. Our efforts in locating and eliminating these sources have prevented the equivalent of millions of tons of CO2 from being released into the atmosphere. Methane, another potent non-CO2 gas, is a major concern due to its rapid warming potential. Tradewater's commitment to plugging leaking and uncontrolled orphaned oil and gas wells directly addresses this issue. By preventing the release of methane, Tradewater not only mitigates immediate damage but also buys precious time for the development and implementation of broader CO2 reduction and removal strategies. We have had an impact to date of about 7.5 million tons of CO2e—but the clock is ticking, and we’re not stopping now. We're on a pathway to 22 million tons of impact in the next few years. The urgency to address climate change strategically, within this decade, cannot be overstated. As we navigate the challenges ahead, Tradewater stands as a valuable player in the broader solution. By tackling the immediate threat posed by non-CO2 gases, Tradewater is contributing to the stabilization of our climate, providing a crucial window for implementing broader, long-term solutions. It is imperative that we recognize the severity of the situation, embrace innovation, and support initiatives like Tradewater alongside other key players to ensure a sustainable future for our planet. The time to act, together, is now. Learn more about Tradewater's innovative climate solutions at tradewater.us.
•
•
10 w
The time to act is now ⏱️. Let's all work together to support initiatives like Tradewater's and embrace a sustainable future for our planet !
•
•
10 w
It is time to take a step towards protecting our planet, healing the planet by beating climate change, by making a difference. Heal the world, make it a better place.
10 w
Happy Women’s Day 2024 "Till the End" is cinematic masterpiece that not only captures the essence of resilience & determination but also underscores the pivotal role of women in shaping the course of history. The film bagged "Women/Girls in Sustainability Award" at the 12th Global Sustainability Film Awards https://www.youtube.com/watch?v=4ojXheqWW_M
•
•
•
5 w
Great trailer with a great message.
•
•
•
10 w
I'm definitely gonna watch this movie. Thanks for sharing!
10 w
We are proud partners of Recycle2Riches annual EarthDaySummit to explore pressing climate issues, solutions, and actions with leading experts, connect with sustainable nonprofits, and make Earth Day every day this year. Please visit the site and register to join the summit and support the Recycle2Riches nonprofit! There is a lot to learn, so many connections to be made, and a lot of actions to be taken. If you register before April 21st, your ticket will plant a tree in California through OneTreePlanted. 🗓 April 21st, 2024 11 am - 5 pm (PST) Check out the program & register now 👇 https://earthdaysummit.org/
10 w
The Baltic Sea is one of the world’s most polluted bodies of water. It’s time to do something about it. Do you want to be part of the solution? Here’s an easy way to do it. The Baltic Sea in Northern Europe is almost totally surrounded by land and therefore more endangered by pollution than other marine areas. Decades of Chemical contamination, overfishing and climate change have undermined the health of the Baltic Sea, provoking a severe environmental, economic and social crisis. For many years, great environmental efforts have been undertaken through initiatives such as Expedition Baltic Sea, within a large network involving collaborations with Stockholm University's Baltic Sea Centre, the Swedish Government, the Royal Court, and several other organizations and companies. But much more needs to be done in order to save this vulnerable sea. The initiative Östersjökontraktet® (The Baltic Sea Contract) is based on years of work for the Baltic Sea. Östersjökontraktet is a fundraising foundation that conducts its own projects and supports others. The aim is to engage the public, businesses, and policymakers in the surrounding countries for a healthier Baltic Sea. The first major aim is to get one million people and organizations to sign the Baltic Sea Contract (Östersjlnkontraktet), thereby pledging to take of action, big or small, to reduce pollution. - Each person who signs their contract with the Baltic Sea will contribute to reduced pollution. - With a large number of contracts, it is possible to credibly persuade decision-makers at central and local levels to make crucial decisions for the benefit of the Baltic Sea. - The goal is 1 million contracts as a first major step and many important decisions made for the future of the sea! The sea then promises to be: Swimmable - Sailable - Enjoyable and create Edible for future generations! Östersjökontraktet has been entrusted with managing the Environmental Square during the annual boat fair Allt för sjön. This event, which is the biggest boat fair in Sweden, takes place March 7-10 and March 14-17 at Stockholmsmässan in Stockholm, the largest exhibition facility in the Nordic region. If you happen to be in the Stockholm area during this period, you are more than welcome to visit us. You will learn more about the Baltic Sea and our seas and can also become part of the solution as a "contract signer". Sign the Balic Sea contract (link in Swedish)
•
•
10 w
Together we can make a difference for the Baltic Sea! #OneMillionForTheBaltic #HealthySeas
•
•
10 w
The Baltic Sea Contract is an initiative that hopefully engages the public, businesses, and policymakers to take action to improve the health of the Baltic Sea which has been quite on the downside. The goal to get one million people and organizations to sign the contract, pledging to take steps to reduce pollution can be achieved if we all work together, no?
•
10 w
The best way to help save world's most polluted seas is by knowing the consequence behind polluting those water bodies.
11 w
Thank you to Bryce Plank from TDC for coming out to Chicago to learn more about Tradewater's work and to tell our story! https://www.youtube.com/watch?v=xDwH4u4hbYw
•
•
11 w
Thanks for sharing! It makes everything even more clear about what you do :D
11 w
PRESS RELEASE ClimateHero is an innovative provider of tools to reduce carbon emissions. To date, more than one million households have used ClimateHero’s carbon calculator to measure and reduce a total of 2.2 million tonnes of CO2 per year. This equals to permanently removing 1.5 million diesel cars from our roads. Since 2020, the carbon calculator has also been an integrated part of We Don’t Have Time, the world’s largest media platform for climate action. This has resulted in 22 000 tonnes of carbon reduced by the We Don’t Have Time community. ClimateHero and We Don’t Have Time are now expanding their partnership by launching a carbon accounting and reporting service for companies. 50,000 companies directly affected The new EU directive for sustainability reporting, Corporate Sustainability Reporting Directive (CSRD), makes it mandatory for large companies to disclose their climate impact. And this is just the start. In just a few years time, 50,000 companies that have a presence in the EU will have to annually disclose their climate impact. Small- and medium-sized companies, SMEs, are not yet required to report under CSRD, but many will feel obliged to do so anyway. SMEs are usually part of a larger supply chain, and will need to calculate their emissions to be able to continue doing business with larger corporations and compete for new contracts. Carbon accounting will also become a hygiene factor for SMEs to keep customers happy, to recruit new talent, and for public procurement deals. This is why ClimateHero and We Don’t Have Time are now introducing a one stop-shop for carbon accounting and reporting. Giving clients ownership of sustainability data ClimateHero offers companies a high-quality carbon accounting service, in which the accounting is conducted with educational support of professional climate consultants, in a calculation model adapted for the specific business logic of the client. The model gives companies ownership of their climate calculations, and provides them with the opportunity to do the next year’s follow-up in-house. Included in this offer is a two-year partnership with We Don’t Have Time. This means companies will be able to communicate their sustainability work on the world’s largest media platform for climate solutions, be part of a unique ranking system, and get widespread visibility for their climate action. Ingmar Rentzhog is the founder and CEO of We Don’t Have Time. He says: ”We have tried out various ways of measuring our company’s carbon footprint, but none have been satisfactory. Automated cloud services can be cheap and fast, but they are often not detailed enough, and their use of standardized estimates can lead to your company getting a worse climate score on paper than in reality. ClimateHero’s way of calculating a company’s emissions not only results in more accurate numbers, but it also provides an explanation and understanding of the whole entity. This, in turn, will give companies valuable insights on how to further reduce its emissions in the most cost-effective way, while at the same time facilitating next year’s accounting and reporting.” Robert Sabelström, CEO and founder of ClimateHero, adds: ”We are proud to be able to offer companies an effective and sustainable solution for their climate accounting. Our unique model gives companies ownership of their climate calculations, as well as the opportunity to operate more sustainably, to the benefit of both the climate and the company brand. But in order to drive real change and inspire others to follow, companies also need to communicate their climate progress. Our extended partnership with We Don’t Have Time provides our customers with the perfect solution for this kind of communication.” PRICING – CARBON ACCOUNTING AND COMMUNICATION Fixed price - based on the size of the company -Micro (< 10 employees): 4 500 EUR excl. VAT and max 2 MEUR turnover -Small (10-49 employees): 6 000 EUR excl. VAT and max 15 MEUR turnover -Medium (50-249 employees): 9 000 EUR excl. VAT and max 35 MEUR turnover -Large (250-500 employees): 13 500 EUR excl. VAT and max 75 MEUR turnover For even larger organizations or enterprises with complex value chains or corporate structure, a customized offer is made. The emissions calculation and carbon report become your assets to keep working with (no license fees) ABOUT CLIMATEHERO ClimateHero is a fast-growing impact start-up with the mission to help companies and individuals to calculate and reduce their environmental impact. Through an educational fixed-price climate accounting service, we give companies the opportunity to run a more responsible business and reduce their carbon footprint. ABOUT WE DON'T HAVE TIME We Don’t Have Time is the world’s largest media platform for climate action, with a mission to democratize knowledge about climate solutions and inspire and mobilize global action towards a prosperous, fossil-free future. With a community of 100,000 climate professionals and influencers in 180 countries, and partnerships with nearly 400 companies, governmental and civil society organizations, We Don’t Have Time reaches 200 million people each month on social media, and up to 10 million daily viewers during its flagship broadcasts. Headquartered in Stockholm, Sweden, We Don’t Have Time also operates offices in Washington, D.C., and Nairobi, Kenya. For more information, please contact: Robert Sabelström Founder and CEO ClimateHero robert@climatehero.org Ingmar Rentzhog Founder and CEO We Don’t Have Time founder@wedonthavetime.org
•
•
10 w
It's great to see organizations joining forces to tackle climate change head-on.
•
•
11 w
Exciting! This will be a powerful collaboration with the new CSRD regulation coming in!
•
11 w
Such collaboration is amazing as it will bring positive impacts not only to environment but also ideas on how to tackle challenges that face the climate will be exchanged.
11 w
Several Swedish companies from various industries – SPP, Houdini, Icebug, Polarbrödgruppen, Svea Solar, and Rejlers – are now backing the Ecocide Law Alliance initiative to criminalize large-scale environmental destruction – ecocide – within the framework of the Rome Statute, the statute of the International Criminal Court in The Hague, ICC. The companies are thus increasing pressure on the Swedish government to work towards an international law against serious environmental crimes. The initiative is backed by Exponential Roadmap Initiative and We Don’t Have Time. On February 27, the CEOs of these companies published a joint call to action on the Swedish media platform Aktuell Hållbarhet (article in Swedish), stating: “55% of the world's GDP depends on nature's services. Despite this, we are increasingly witnessing how our ecosystems are disrupted and destroyed through reckless exploitation of nature. It is high time to make serious environmental crimes punishable under international law. Responsible decision-makers globally must understand that reckless actions against nature can also have serious consequences in the form of imprisonment or hefty fines. We demand that the Swedish government push for ecocide rules to become global and be included in the Rome Statute. And we urge more Swedish companies to join the Ecocide Law Alliance initiative. Let us come together to establish a strong international law that prevents the worst forms of destruction of our living ecosystems!” On the same day as the co-signed op-ed was published, the European Parliament voted yes on approving the agreement with EU member states on the updated environmental crime directive, which expands the list of serious environmental crimes within the EU and introduces new sanctions against those committing the most serious environmental crimes - ecocide. ”It's great that the EU is moving forward on this issue and tightening regulations and sanctions, but it's not enough. The reason is simple: the EU has 27 member states, on one continent. The International Criminal Court has 123 member states, on all continents of the world. Crimes against the environment should be on par with crimes against humanity”, say the CEOs of the companies now supporting the initiative. The Ecocide Law Alliance argues that despite many conventions, guidelines, and laws in the environmental field, an important piece of the puzzle is still missing: international criminal law, so that decision-makers worldwide can be held accountable for the most egregious crimes. This is also one of the recommendations from the high-level working group on the environmental consequences of the war in Ukraine. Since the legal framework and procedures for amendments to the Rome Statute already exist, it is relatively easy and practically feasible to get the law in place. "Because there is a gap in the law, a small number of highly destructive activities continue to harm the living systems that everyone depends on. An international law against such activities would help protect healthy and vibrant nature, human health and human rights, and limit climate change. At the same time, it strengthens the competitiveness of Swedish companies," adds Johanna Lundgren Gestlöf, Sustainability Manager at SPP, in a press release on the call to action, and continues: “A law that criminalizes the most serious destruction of the Earth's living ecosystems would reduce the possibility of doing business at the expense of nature while paving the way for companies with truly sustainable solutions, and Sweden is at the forefront in this regard.” There are several advantages with a law against ecocide: • The law starts at the right end to address key issues, as it is over-arching, addresses the most serious damage, and also intervenes at the beginning of the value chain. • It creates a new decision-making situation and risk analysis for individuals responsible for activities that potentially cause significant harm to vital ecosystems. • The law contributes to fair competition, both in Sweden and globally. • The law creates increased pressure for transition, which in turn contributes to a higher rate of innovation. "A criminal law is a powerful steering tool, not least because it also affects our values: what is criminal, we also see as morally wrong. Introducing international law against large-scale environmental destruction is a big step in the right direction. The purpose of the law is primarily preventive: to encourage carefully considered decisions before engaging in activities that could be highly environmentally damaging. We urge the Swedish government to support in every way possible the establishment of a global ecocide law," conclude the undersigned CEOs. Here are the business leaders and initiatives behind the call to action: Jenny Rundbladh, CEO, SPP (occupational pension provider) Karin Bodin, CEO, Polarbrödsgruppen (food manufacturer) Eva Karlsson, CEO, Houdini Sportswear David Ekelund, CEO, Icebug (footwear) Jenny Edfast, CEO, Rejlers Sweden (technical consultants) Erik Martinson, CEO, Svea Solar (solar company) Johan Falk, CEO and co-founder, Exponential Roadmap Initiative Ingmar Rentzhog, CEO and founder, We Don’t Have Time Nina Macpherson, Chairperson, Ecocide Law Alliance ABOUT INTERNATIONAL ENVIRONMENTAL CRIMES In today’s legislation, the International Criminal Court in The Hague can prosecute for four crimes under the Rome Statute: crimes against humanity, genocide, war crimes, and aggression crimes (crimes against peace). The proposal is to add large-scale environmental destruction, ecocide, as a fifth crime. The definition of the proposed crime by a panel of experts in international criminal law is: "illegal or reckless acts committed with the knowledge that there is a substantial likelihood of serious and either widespread or long-term damage to the environment caused by those acts." ABOUT THE ECOCIDE LAW ALLIANCE The Ecocide Law Alliance foundation brings together companies that support this legislation, provides information on what the law would entail, and how as a business owner one can advocate for it. Read more: Ecocide Law Alliance – Business leaders for international Ecocide law
•
10 w
Will you cooperate with this organization? https://www.stopecocide.earth/ What about IKEA? It is one of these 13 companies responsible for deforestation: https://earth.org/major-companies-responsible-for-deforestation/
•
•
•
11 w
Great to see these companies pushing for this important legislation!
•
•
11 w
Criminalisation of ecocide is really the way to go in stopping this whole mess
11 w
“We must prepare students to be leaders who understand their role in society regardless of the sector: business, government, entrepreneurship or not-for-profit.” Dr Wanda Costen is the Dean of Smith School of Business at Queens University, Canada. Known for being a champion of inclusiveness in business, Wanda believes passionately that businesses can drive positive social impact. In a recent conversation with How to Change the World's founder and CEO, Jason Blackstock, Wanda shared why more companies are shifting towards a purpose-led approach, the first steps for building a career with positive impact and her advice for anyone stepping into a leadership role. https://www.how-to-change-the-world.org/post/wanda-costen-shares-her-advice-for-developing-an-impactful-career
Wanda Costen shares her advice for developing an impactful career
Dr. Wanda Costen is the Dean of Smith School of Business at Queens University, Canada. Known for being a champion of inclusiveness in business, Wanda believes passionately that businesses can drive positive social impact. In Wanda's own words, “we must prepare students to be leaders who understand their role in society regardless of the sector: business, government, entrepreneurship or not-for-profit.” In a recent conversation with How to Change the World's founder and CEO, Jason Blackstock, Wan
https://www.how-to-change-the-world.org/post/wanda-costen-shares-her-advice-for-developing-an-impactful-career
•
7 w
At https://bet-at-home-pl.com, players can access a variety of gambling options, including sports betting and online casino games. With its user-friendly interface and diverse offerings, Bet at Home provides an exciting platform for gambling enthusiasts.
•
11 w
This is true, training young leaders and helping them to understand their roles leads them to be great people in the future.
•
•
•
11 w
Her insights are worth as she is impacting positivity messages to the society that can fill many gaps.
12 w
•
Good climate news this week 1. Exposed: Big Oil deceived on recycling for 50 years 2. NZ Supreme Court allows novel climate claim 3. Indonesia votes for continuity on climate 4. China wind, solar at 97% utilization 5. US: 85% say climate change is real 6. India: $9b rooftop solar push 59% of children and young people are very or extremely worried about climate, says a survey of 10,000 respondents across 10 countries. To manage it, focus on the momentum behind climate action which is everywhere. This weekly thread ⬆️ has now run for 4 years to document this momentum. Follow me on LinkedIn and X to see the full thread of good climate news.
•
•
•
12 w
Thanks for sharing. Nice to note 85% in the USA says climate change is real. Indeed is real and such numbers their voices matters. And I wish the climate deniers could put themselves in the shoes of 59% of children and young generations and start acting.
•
•
12 w
A big step we have made as a planet and people in regards to dealing with climate change. Yet, it is not enough. More monumental efforts are required to push us over the line to best climate change.
•
•
12 w
Love these! It’s so good to get to read some positive news among all the doom and gloom.
13 w
At Trine, our investments are our impact. To learn more about what the money you invest through us can accomplish, We Don’t Have Time sat down with Ayokanmi Aderibigbe, lawyer-turned-investment manager who works for Trine from his hometown of Toronto. Hello, Ayo! We introduced you as an Investment Manager at Trine – What does that mean, and what do you do at Trine? It means a lot of things! But to put it simply, while an Investment Manager at Trine is responsible for many things, the first responsibility is deal origination and sourcing. This means that you’re going across different markets and scouting for potential investable projects with a high impact. Once we find these projects, we are also responsible for the due diligence to ensure that the projects are genuine, safe, and have a scalable impact that can benefit from our funding. Once that is done, we structure a transaction with the project developer that ensures the best deal possible for our investors while maximizing the positive impact the project can have on the local community and the planet. Once an agreement has been reached, you now have a borrower with one or more fundable projects. Another crucial part of the job is managing the relationship with those borrowers. You’re the one they come to when they have questions, need clarification, or perhaps they are encountering unanticipated challenges. As partners, sometimes you have to also help borrowers navigate difficult situations including those that can lead to potential defaults, remaining connected to our borrowers besides their standard reporting obligations keeps us in the know and helps us stay ahead of any potential challenges. In essence, we don’t just disburse money and then take our eyes off the ball, we monitor the projects consistently to ensure that the monies disbursed are applied for the right purposes and report that back to our investors. Overall, impact is the most important element of each of our investments, and we make clear from the first signing of the agreement what impact we expect from the project. Most of the time, we find that the projects deliver a higher impact than we expected, both in terms of value provided to the local communities and in terms of carbon emissions avoided. Your investments focus on solar energy, why is that? We focus our investment on solar energy projects for many reasons, the major ones being the abundance of solar projects due to their clean and renewable nature, low operating costs, scalability, job creation potential, and rapid technological advancements. Thanks to these factors, solar technology has been adopted worldwide and is creating a massive impact even in the remotest and poorest communities. There is also the aspect of availability – in most markets where we work, there is a high level of solar irradiance, so the energy production for each solar panel is high, leading to higher efficiency compared to other technologies Leading experts worldwide reiterate that we need significant funding to transition to renewable energy across the world. How does private capital play a role in this? According to the World Bank, this transition will require trillions that the world certainly does not have now, so we need every hand on deck. Public capital has been trying to do this for a while, but private capital is extremely crucial, especially in bridging gaps and reaching markets that public capital can’t support. There is a gap between what is needed and what public capital can finance. Trine goes into emerging markets to fund market segments that are either not funded or severely underfunded by public capital. It turns out that these segments are typically commercial and tend to be less risky from an investment perspective. But in emerging markets, private capital also has another benefit. We have found that investments from private capital can lead to an even greater impact than public capital because when we look for projects to invest in, we look for profits with a purpose. This means that we focus on productive use, meaning that the project should produce renewable energy that is consumed and generates economic activity. Every time we invest in projects in the commercial and industrial sectors in emerging markets, all of that energy will be used productively to create economic value in their local communities. Why is the impact on emerging markets so important for the transition? You have to look at where the energy is most needed. In developed markets, most of the energy infrastructure for renewable energy already exists, so the electricity grid in those markets is already as green as it could possibly be. But in developing markets, a lot of the energy comes from coal or other fossil fuels. There is some hydroelectric power, but there is a lot more opportunity to push for more renewable energy in those markets and push out fossil power, thereby effectively reducing carbon emissions. Also, the grids in these markets can rarely support the energy demand. We currently don’t have the capital required to bolster the grid significantly, but we can support off-grid projects that increase the total energy output of the country without putting extra strain on the grid. By working with off-grid and partially grid-tied projects, we can provide energy to people who either do not have access to grid electricity in the first place or who do not have access to a stable grid supply. It also enables us to support organizations that want to go off-grid because their operations are threatened by unreliable energy grids. What are some examples of projects you have available to invest in right now on Trine.com? We have a lot of projects currently available on the platform, and each project is unique. I would like to highlight projects that have a high impact and touch a large number of communities. One of those projects is Watt Renewables, which provides power to telecommunications towers in emerging markets, focusing on Nigeria. In countries like Nigeria, communications can be a big challenge and a lot of people can barely buy phone credits for their low-cost phones, but they still want to be able to reach their loved ones. By funding projects using solar technology to simultaneously reduce carbon emissions and the cost of electric power to telecommunications companies, we enable them to provide cheaper services to lower-income populations across Nigeria. Another project I would like to highlight is Distributed Energy, which develops renewable energy facilities for different kinds of high-impact off-takers, for example for schools across India. This is very interesting for us – they are providing energy to the future generation and giving them the tools they need to succeed, which is key for us in terms of impact. If you want to invest money in projects that make economic sense, make an impact on local communities, and reduce emissions, I would suggest checking these projects out on Trine.com. Remember to diversify your portfolio – invest in both! And visit Trine.com to find more projects to invest in. Thank you, Ayo. Stay tuned to Trine’s page here on We Don’t Have Time, where you will also be hearing more about Trine’s work and projects!
•
•
13 w
Certainly going to check it out. Thank you.
•
•
•
13 w
I have invested in several Trine projects. I love being able to have my money help reduce emissions, while also getting a kickback.
•
•
13 w
Fascinating to hear about the different ways to provide impact through the investments you provide!
14 w
Future Voices delivered a powerful message to world leaders at COP28. This is our "impact report" Read more and join the campaign at https://futurevoices.wedonthavetime.org https://youtu.be/RWdBPK6BNqo
•
•
13 w
saving the earth is the primary need and we should make conscious decisions to make the earth a better and sustainable place to live in.
•
14 w
The only way to save the environment is to tell people the truth even if it will hurt them
•
•
14 w
Way to tell the truth as it is without sugarcoating. The governments and people have to make a change to save our planet
14 w
In this year’s analysis of pension companies and unit-linked insurance in Sweden, most pension companies retain the same grade as they got last year. While most pension companies have set net zero goals and improved their sustainability work, practical action is still needed through active ownership and proactive initiatives. In the reports “Sustainable pension companies” and “Sustainable unit-linked insurances”, Söderberg & Partners bring light to which companies do this well and which ones don’t perform as well. The latest analyses of sustainable pension and unit-linked insurance companies in Sweden have been released. Every year, Söderberg & Partners analyze Sweden’s largest actors in pensions and unit-linked insurances to see which companies are best at promoting green investments in their portfolios. This year, there weren’t a lot of changes in which companies got the green light or not, but it is clear that most pension companies are investing in bigger sustainability teams and improving their risk analyses from a sustainability perspective. Since last year, many companies have also implemented a sustainability day or week for the company to educate co-workers on sustainability issues. These changes show that sustainability is becoming increasingly important for investors, and as EU regulations on sustainable investments are being implemented we expect this trend to continue. Pensions: Increased awareness, but still more to do Despite updating our analysis model for this year, no companies changed their overall grade in this year’s report. However, many pension companies have advanced their positions, expanded their sustainability teams, and set net zero goals in line with the Paris Agreement. However, proactive action is needed to reach the goals in time. In this report, pension companies were evaluated based on their processes for sustainable investments, active ownership as well as ambitions and value creation. 💚 Companies with a green light in this year’s report: Länsförsäkringar, Nordea, Skandia, SPP ⚠ Companies with a red light in this year’s report: Alecta, SEB Gamla Read the full report here. Unit-linked insurances: Transparency and proactive ownership are the keys to success Two companies changed their overall grade compared to last year’s report. SEB improved their grade from red to yellow by increasing the amount of funds that performed well in Söderberg & Partners’ sustainability analysis. They also improved their transparency in describing their sustainability processes. Meanwhile, Futur was demoted from a green to a yellow grade because of their lack of proactive activity towards their fund managers, as well as a lack of collaboration with other actors in the sector. In this report, companies were evaluated based on the sustainability of selected funds, active ownership, communication and transparency, and supply. 💚 Companies with a green light in this year’s report: Folksam, Skandia, SPP ⚠ Companies with a red light in this year’s report: AMF, Nordea Read the full report here. Why is this important? When choosing which company to rely on for your pension, you can use your financial power to support more sustainable asset management. Companies with higher grades in the report have developed processes for sustainability consideration and evaluation and work proactively to make practical changes to the funds or holdings they invest in, with good conditions to make these changes happen. Companies with these qualities direct funds to benefit the sustainable transition, accelerating climate solutions and influencing companies to take more sustainable actions. Make sure to stay up to date with the performance of your pension and insurance companies in our analyses if you want your money to help reach our climate goals. If you live in Sweden, you can learn more about which companies are the best at climate action by reading our full reports. Sustainable pension companies (Hållbara pensionsbolag) Sustainable unit-linked insurances (Hållbara fondförsäkringar)
•
•
14 w
This is positive news, though, practical actions such as active ownership and proactive measures are still necessary to truly advance sustainability efforts in the pension and insurance sector.
•
•
14 w
In-depth analyses like this are super helpful for those who are not as knowledgeable about the finance market, like me. Happy to have my pension savings in SPP!
•
•
14 w
The analysis of sustainable pension companies and unit-linked insurances in Sweden sheds light on the progress made in promoting green investments and sustainability practices within the financial sector. While many companies have made strides in expanding sustainability teams and setting net zero goals, there is still room for improvement in terms of proactive action and transparency. It's encouraging to see that sustainability is increasingly prioritized by investors, and the implementation of EU regulations on sustainable investments is expected to further drive this trend. Companies like Länsförsäkringar, Nordea, Skandia, and SPP are setting positive examples with their green initiatives, while others still have work to do in terms of active ownership and collaboration.
Write or agree to climate reviews to make businesses and world leaders act. It’s easy and it works.
Certified accounts actively looking for your opinion on their climate impact.
One tree is planted for every climate review written to an organization that is Open for Climate Dialogue™.
•
•
27 w
This is the true state of affairs
•
•
27 w
Textiles recycling could go a long way to solving our landfill issues
•
•
27 w
That's very true! Textile recycling is still a big challenge in most countries. Do you know any companies with solutions to this issue? You should send them climate love