- What is the most purposeful way to spend USD 1.7 trillion?
- Electrifying news: Solar and wind power has quintupled in a decade
- Love it or hate it? First ride on the MIKU MAX electric scooter thing
- New York City plans to divest $5bn from fossil fuels and sue oil companies
- Australia Has Cut Its Plastic Bag Use By 80 Percent In Just 3 Months
1) What is the most purposeful way to spend USD 1.7 trillion?
Larry Fink, the CEO of the world’s largest asset management firm, BlackRock, is looking for a Sense of Purpose. BlackRock manages USD 1.7 trillion in Active Funds and has been calling for a purposeful approach to business practices for a while now. In his latest letter to CEOs, Larry Fink writes, “To prosper over time, every company must not only deliver financial performance but also show how it makes a positive contribution to society.” He adds, “Without a sense of purpose, no company, either public or private, can achieve its full potential. It will ultimately lose the license to operate from key stakeholders.” BlackRock is the latest of a growing list of mainstream investors who are backing initiatives such as Principles for Responsible Investment (PRI) and the Task Force on Climate-related Financial Disclosures (TCFD).
2) Electrifying news: Solar and wind power has quintupled in a decade
Across the United States, workers are covering fields with solar panels, and big rigs are hauling massive turbine blades to wind-scoured ridgelines. This is what it looks like when renewable energy expands exponentially.
The amount of renewable electricity generated in the United States has doubled in the last 10 years, according to number-crunching out Tuesday from the U.S. Energy Information Administration.
And as impressive as doubling in a decade is, it understates the case. That’s because about 90 percent of that growth came from wind and solar: 57 million megawatt hours in 2008, and 301 million megawatt hours in 2018 — increasing more than fivefold in a decade.
3) Love it or hate it? First ride on the MIKU MAX electric scooter thing
I first covered the Sunra MIKU MAX electric scooter late last year. The article blew up and it seemed that people had some very strong views either for or against the weird little personal electric vehicle . So when I finally got the chance to test ride one recently at the Barcelona Motor Show , I of course jumped on it. And here’s how it went. The MIKU MAX electric scooter This is by far one of the weirdest electric scooters I’ve gotten a chance to try. The MIKU MAX is technically a scooter, though one with an unconventional design. The frame is C-shaped, leaving a large hollow void under the seat. The idea is that you could use it for cargo storage, though I’d probably add some cargo nets to either side to keep all of my junk in place. The nice thing about the oddly shaped open area is that you can carry much larger objects than in a trunk. Things like cardboard boxes, laundry bags, step ladders… you name it! If it can fit in the void and not cause a danger to other vehicles around you, you can probably do it.
4) New York City plans to divest $5bn from fossil fuels and sue oil companies
New York City is seeking to lead the assault on climate change and the Trump administration with a plan to divest $5bn from fossil fuels and sue the world’s most powerful oil companies over their contribution to dangerous global warming. Hurricanes and heatwaves: stark signs of climate change ‘new normal’ Read more City officials have set a goal of divesting New York’s $189bn pension funds from fossil fuel companies within five years in what they say would be “among the most significant divestment efforts in the world to date”. Currently, New York City’s five pension funds have about $5bn in fossil fuel investments. New York state has already announced it is exploring how to divest from fossil fuels. “New York City is standing up for future generations by becoming the first major US city to divest our pension funds from fossil fuels,” said Bill de Blasio, New York’s mayor. “At the same time, we’re bringing the fight against climate change straight to the fossil fuel companies that knew about its effects and intentionally misled the public to protect their profits.
5) Australia Has Cut Its Plastic Bag Use By 80 Percent In Just 3 Months
Australia has slashed its plastic bag habit by up to 80 percent within just three months, according to Australia’s National Retail Association, which is some great news for platypuses, dugongs, and pig-nosed turtles. Remarkably, this drop in plastic bag consumption did not come directly from any government policy, it was effectively a business decision. This sharp turn around is largely thanks to two of the largest supermarket chains, Coles and Woolworths, deciding to implement a nationwide ban on free lightweight plastic grocery bags in July, replacing them with reusable bags sold for 15 cents. In total, it has potentially prevented as many as 1.5 billion bags from entering the environment. “Retailers deserve an enormous amount of kudos for leading the way on one of the most significant changes to consumer behaviour in generations and we also applaud shoppers for embracing this environmental initiative,” David Stout, Manager of Industry Policy at the National Retail Association, said in a statement. “Nation-wide retailers have led the way and as a result also assisted smaller businesses in providing a template on how to manage the transition to a plastic bag-free retail environment.