Jon Lake

https://lnkd.in/em_Ahvtx The Federal Government has advocated for more investment in Research and Development (R&D) as the surest means of reducing methane emissions in the oil and gas sector. NEITI (Nigeria Extractive Industries Transparency Initiative) ClimateChange Resilience Org NNPC Limited #nigeriansinuk #nigeriansindiaspora #nigeriansincanada #nigeriansinusa

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Truly grim reading: How key climate indicators have changed since IPCC AR6 WGI was published in 2021, just three years ago 🌡️Decadal warming at 1.19C, up from 1.09C 🛰️CO2 at 419ppm, up from 410ppm 🏭Emissions at 54GtCO2e, up from 53 📉Remaining carbon budget 150Gt, down from 500 https://lnkd.in/e3GnUabV

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Quote: The most concerning possibility is that the climate system is undergoing an accelerated shift, moving towards a new state faster than our models predicted. This scenario implies that nonlinear dynamics and unforeseen feedback mechanisms within the Earth’s system could lead to abrupt and unpredictable climate disruptions. As a result, the ability of scientists to project future climate scenarios could be seriously compromised.

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Here's a running list of Climate Tech Accelerators to keep on file. Using a climate tech accelerator can be beneficial for several reasons: 1. **Access to Resources**: Climate tech accelerators often provide startups with access to a wide range of resources, including mentorship, expertise, and industry connections. These resources can be invaluable for early-stage companies looking to navigate the complex landscape of climate technology. 2. **Funding Opportunities**: Many accelerators offer funding or investment opportunities to the startups they support. This financial support can help startups develop and scale their climate tech solutions. 3. **Validation and Credibility**: Being part of a reputable climate tech accelerator can lend credibility to a startup. It signals to investors, customers, and partners that the company's technology is promising and has been vetted by experts in the field. 4. **Networking**: Accelerators provide opportunities to connect with other entrepreneurs, investors, and experts in the climate tech space. Building a strong network can lead to partnerships, collaborations, and potential customers. 5. **Focused Guidance**: Accelerator programs typically offer structured guidance and mentorship tailored to the unique challenges faced by climate tech startups. This guidance can help startups refine their business models, technology, and strategies. 6. **Exposure to Market Opportunities**: Accelerators often help startups identify market opportunities and trends within the climate tech sector. This insight can be critical for positioning a company for success. 7. **Accelerated Growth**: The intensive nature of accelerator programs can accelerate a startup's growth. It often involves a concentrated period of development and learning, which can help startups achieve milestones more quickly than they would on their own. 8. **Impact**: Climate tech accelerators are typically focused on solutions that address environmental challenges. By participating in such programs, startups can contribute to addressing pressing global issues, making a positive impact on the planet. In summary, using a climate tech accelerator can provide startups with the support, resources, and opportunities they need to develop and scale their climate-friendly technologies while addressing some of the world's most urgent challenges. View the list: https://lnkd.in/d23aZ9Jz #accelerator #climatetech #climatestartup #sustainablefinance

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Green Party Manifesto touts carbon tax and ambitious renewable energy targets The Party is the third to launch its manifesto for next month’s general election, after the Liberal Democrats and the Conservatives. Labour’s manifesto is expected on Thursday (13 June). Mainstream media coverage has largely focused on the Party’s approach to taxation. A Green government would, for example, implement a 1% wealth tax on individuals with assets exceeding £10m. An enhanced rate of 2% would apply to those with assets exceeding £1bn. National Insurance would also go up for those earning significantly over the national average. The Party claims its changes would impact around 15% of people while benefiting the many. Another key inclusion, perhaps of more interest to those working in the green economy, is the promise of a carbon tax of £120 per tonne, initially to be applied to sectors such as fossil fuels and heavy industry. The tax would be expanded to other sectors over time and gradually increased, over a decade, to £500 per tonne. edie

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There is sort-of bipartisan interest in #Washington in some type of a #carbontax, with #Democrats like Sen. Sheldon Whitehouse looking to target both foreign and domestic producers as a climate solution, while #Republicans led by Bill Cassidy want to price foreign emissions as a trade tool. For this week's Reuters News Agency #sustainablefinance newsletter I outlined the discussion and recalled how for her 2020 presidential run, #KamalaHarris floated a "climate pollution fee" to cut emissions. Economists like the approach as a simple policy solution. Before she became U.S. Department of the Treasury Secretary, #JanetYellen lined up with other financial sages to support the Climate Leadership Council's idea of a carbon tax + taxpayer rebates. But critics worry a #carbontax would prove regressive and the Biden Administration's focus was on the #inflationreductionact instead. A question now is whether Europe's #carbonborderadjustment plan and/or China's high-polluting industries will spark a U.S. emissions-pricing response. Subscription link here - https://lnkd.in/eXwUEKwq #esg #corpgov #emissions #climate #climatemarkets

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The reality of the tough fundraising market is catching up with climate tech. Several high-profile climate-tech companies, such as hydrogen aviation company Universal Hydrogen and carbon-removal startup Running Tide, shut down this year. Universal Hydrogen had demonstrated the technical viability of zero-emissions flight with positive economics, said Peter Barrett, GP and co-founder of Playground Global, one of the company's investors. Universal Hydrogen had letters of intent from a multitude of customers, but couldn’t raise sufficient funding to continue. The company previously said it had raised $85 million. “After a protracted fundraise in a high interest-rate environment (and with large banks evaporating left and right), they had a significant round ready to close. But unfortunately, their lead was unable to fund, putting them out of position and ultimately leading to the shutdown,” Barrett said, adding that Playground Global is helping find a home for Universal Hydrogen’s technology. Venture-capital funding for climate-tech startups totaled $11.3 billion in the first half of this year, down 20% from the same period last year, and representing a 41% decline compared with the second half of 2023, according to a report by CTVC, a climate-focused newsletter that uses data from its sister research firm Sightline Climate. Deal count decreased for the second consecutive half year, the report said. https://lnkd.in/ekiNjWeW

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While we are way behind in funding clean energy and renewable energy projects, this Financial Times's climate finance story is a good explainer of many of the solutions on how to get there, from new regulations, to new taxes levied on tourism, shipping and/or aviation, sovereign green bonds focused on using proceeds ring-fenced for green projects in India, Fiji and Egypt... We have the money -- just look at the subsidies and government spending from the chart included in the piece...and in comments. 🌲 💵

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CHRISTIAN REPUBLICAN CARBON CREDIT BANKING- "GOD'S WORK" #carboncredit #wetlandscredit #baitandswitch #conservation #landbank #wetlands #dredge #fill #mitigation #GHG "We're doing the Lord's work and getting paid for it."- Florida Republican Wetland Banker, 2006 Land Bankers are a class of over-reaching profiteers which began twisting Wetlands Protection, now Clean Air Protection almost the moment US Environmental Protection started hanging up developers who wanted to encroach Florida's Everglades National Park Waters for McMansions with 10' easements between homes. This was less than 2 years after it looked like 1988 Federal Wetlands Protection laws might actually be enforced across America. Land Banks are NOT Conservationist, Preservationist, Sustainable, Regenerative or Green Action by any means, but they name themselves with eco-sounding names, as if they have been blessed by Audubon or Nature Conservancy + God. Land Bankers do not employ ecologists. They do not know ecology. No ecologist would get behind such a program. What they are doing is a public BAIT and SWITCH, an illusion of "mitigating impacts." To hear them talk, as the Titled Republican Florida Land Banker, they are Saviors of the Earth. The first Land Bank in Pembroke Pines, FL shut down my brilliant career, my opportunities I had worked and trained to fulfill- to evaluate and restore Florida's lost dunes and scummy canals, remediate mercury in everglades wildlife and get the e.coli count lower at the beaches. Once The Bank incorporated, all mitigation plans of any value were automatically rejected by The Department of Natural Resource Protection (local) so that builders were forced to buy "dredge and fill credits" in The Bank. The Department was so bad, they are no longer allowed to use the name DNRP, because it confused people, thinking they were a federal, not an unsupervised county agency. I only had decent work during the Clinton Administration, for a couple years after graduate school. As soon as Florida "turned" into a Republican-governed State, environmental regulations went out the window thusly: rather than operating under the US Dept. of Natural Resource Protection, each county in the state was allowed to choose whether to instead operate its own state-regulated department. This caused mayhem in the files, as the clever ones knew it would. This 2006 Tampa Bay Times invaluable article lays out the Land Bank concept in its evolution, how it became twisted to changing upland dry land to wetlands, how it deceives the public into a conservation comfort zone. Now I have seen the early New Carbon Credit banks advertising heartily. This is particularly bad news for any continent that has forest left. Carbon Credit Banks are a flawed concept and will not reduce GHG. It would be more effective for governments to take more cars off the road and be given credit in that way.

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Listen to THE NATURE OF #SOIL - Chapter 2 of #Regenerative #Soil:

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Four years ago, during the US election, I published a Presidential Climate Policy Report Card on CleanTechnica. It's time again to assess and compare administrations. Setting the stage: https://lnkd.in/gGDe_-hF Back then, Trump’s climate record was clear, while Biden/Harris’s promises were just campaign rhetoric. We looked back to the Obama/Biden era to contrast with Trump’s term and the Democratic platform. Obama/Biden had mixed results: an A for reducing military personnel overseas, a B+ for treaties and industry, a B for land use, a C+ for transportation, and a C for electrical generation. This was still better than Trump/Pence, who mostly scored Fs, except for a D in transportation due to aviation industry lobbying. Now, we can evaluate the Biden/Harris Administration’s actual track record. Trump's term mostly stands, but the needle on climate urgency has shifted, making today’s grading stricter. The notable exception is Trump’s late-term enactment of allowances and a market mechanism for high global warming potential refrigerants, improving his industry score from F to D-. Biden/Harris has made significant climate strides, while Trump’s term was marked by climate inaction and other failures. The possibility of Trump returning to office, despite his record and recent controversies, is perplexing and concerning for many. The framework assesses emissions from electrical generation, transportation, land use, and industry, along with military impacts and global treaties. Adaptation to climate impacts and carbon drawdown are also crucial. Stay tuned for the weekly detailed climate policy report card series for the 2024 election, analyzing each key area and providing a comprehensive wrap-up. #elections #unitedstates #policy #climateaction

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🔎 Climate Funding Resource: White House Releases “Climate Capital Guidebook” A little over a month ago The White House released (https://lnkd.in/gfHZwgMH) the Climate Capital Guidebook, a free, one-stop-resource for information on federal funding programs – such as grants, loans, tax credits, and equity investments – that are available to climate-related start-ups, small- and medium-sized businesses, and their investors. The Guidebook includes opportunities across the federal government, representing hundreds of billions of dollars in grants, loans, loan guarantees, and other funding tools to spur the financing and deployment of new clean energy and climate projects. You can access the Guidebook below or at https://lnkd.in/g9EiEPhe

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🔎 Climate Funding Resource: White House Releases “Climate Capital Guidebook” A little over a month ago The White House released (https://lnkd.in/gfHZwgMH) the Climate Capital Guidebook, a free, one-stop-resource for information on federal funding programs – such as grants, loans, tax credits, and equity investments – that are available to climate-related start-ups, small- and medium-sized businesses, and their investors. The Guidebook includes opportunities across the federal government, representing hundreds of billions of dollars in grants, loans, loan guarantees, and other funding tools to spur the financing and deployment of new clean energy and climate projects. You can access the Guidebook below or at https://lnkd.in/g9EiEPhe

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Interesting to see the six NGOs who have come out in support of SBTi's proposal to allow the use of carbon credits for scope 3 emissions are primarily forestry NGOs: https://lnkd.in/gy9uQ6Yu The contours/"sides" of the debate are fairly clear. Some corporate interests and forestry bodies wanting to promote the use of carbon credits to mitigate for fossil fuel emissions and increase the funding of forestry projects vs a broader set of NGOs (WWF, Carbon Market Watch et al, with support from some corporate voices) who are focused on integrity and maintaining that it does not make logical sense to bundle up in value chain and outside of value chain mitigation mechanisms. It's not quite as clear cut as pragmatism vs purity/science, but as a shorthand that's broadly where we are (I think).

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“We believe that a market gap still exists for a centralized transparent process to review individual carbon projects against agreed-upon standards,” the Apple white paper says. That’s as close as you can get to conceding that many of the carbon credit schemes being run and relied upon by big companies now might not actually be making a difference.  #Apple #CSR #Environment

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New technology analysis post coming next week, today I'm sharing my article on the origin and evolution of offsets. it's important that we keep in frame how long it can take to develop new solutions and how much of that goes on without public awareness. To be successful in addressing climate change we need a variety of strategies and we need broader buy-in. VCMs are imperfect but improving and they are acting as the proving grounds that will help regulators and policy wonks to act with greater authority and confidence. Take a peek and let me know where you agree or disagree. p.s. if you have special requests for analysis articles, or want to talk about the problem you're tackling, drop a comment.

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