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Top Sustainability News #11

Alexandre Risser
You don't want to miss out on the latest news related to carbon markets and sustainable development. Find out our Top Sustainability News! 
Big Oil supports government price policy for carbon

The US President, Joe Biden, has already announced a carbon tax. This week, fuel companies' leaders met the environmental climate advisor to the President and agreed on the implementation of the tax on energy usage. The American Petroleum Institute (API) is aware of the urgency of climate change and is willing to play its role; however, it has also highlighted that the tax should be extended to every sector.

Carbon taxing is a rising topic. The purpose is to include the environmental cost to products that are CO2 intensive and thus create a competitive advantage for low carbon products. This review already mentioned that the EU is thinking about implementing such measures at its borders (Carbon Border Adjustment Mechanism (CBAM)). Taxes such as this one, might be developed progressively worldwide. The fairest solution would be to establish a worldwide tax on carbon emissions, but it would require a strong commitment from all countries. Nevertheless, it is highly possible to have countries progressively set up their own carbon taxes depending on their climate pledges. 

Reducing London's Carbon Emissions with a Green Floating Fuel Station

“Like many other major cities worldwide, air pollution has remained one of the biggest environmental risks to the people living in London.” The problem of air pollution could be even more significant because it increases Covid’s lethality. An innovative solution has been adopted to trigger this issue: the development of biogas infrastructures. The Mayor has announced the development of a floating biofuel station on the Thames. Biofuel has many benefits, including reducing carbon emissions and converting waste. The project also aims to clean up the river. This project will have a significant impact on reducing nitrogen dioxide (by 30%) and CO2. It will reduce the CO2 emissions of London by “3,861 tons of CO2 each year”. 

If CO2 emissions need to be reduced to limit the impact of global warming, air pollution is an issue that cannot be ignored anymore. It has been estimated that more than 700 000 people died from it in Europe, but the number of deaths would be exponential if other countries were to be included. Today, this is an issue that is not directly addressed, because the correlation between deaths and air pollution is not directly visible. Pollution is a long-term impact that affects the population’s health and urgently needs to be addressed

Google Maps to show Green Routes to reduce carbon footprint for each journey

“The service will use traffic data, road inclines, and presence of traffic signals to propose the most eco-friendly route for the users." A new feature will soon be available on Google Maps in the USA. The service will offer the possibility to choose eco-friendly commutes. Google Maps aims to propose "greener" roads by calculating the CO2 emissions of its trips. By developing this application, Google has realized that greener routes do not necessarily mean longer times.. In addition, Google Maps will also launch a feature, which enables users the  possibility to compare the trip’s impact based on the means of transportation. The user will be able to see the impact of the transport mode on the journey. We know that to meet ambitious climate goals, raising awareness is key! This app will be a great way to do so. 

Article written by Alexandre Risser