Business and Economics

Energy Job Losses in the US Due to COVID-19

COVID-19 has caused massive energy job losses. Some sectors have been hit harder than others and while many energy jobs will return others may not. Our economies will be decimated by the coronavirus and millions of jobs have disappeared forever, however, there is an upside to this deadly pandemic that bodes well for employment opportunities in some sectors over the long term. This is the worst unemployment situation since the Great Depression. So far 36 million Americans have lost their jobs and according to Fed estimates, a total of 47 million jobs could be lost resulting in an unemployment rate...

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How Supply Chain Resilience Mitigates Against Risks from Pandemics and Climate Change

Whether as a defense against global pandemics or as part of a wider climate strategy companies are exploring ways of improving their supply chain resilience. Now more than ever companies need to increase their efforts to build more resilience into their supply chains so that they can quickly respond to changing demands and disruptions. The COVID-19 pandemic has drawn attention to supply chain vulnerabilities and this article reviews many of the lessons that have been learned as well as their implications for climate mitigation and adaptation efforts.  The economic impacts from the coronavirus will be substantial. As explained in the...

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Cities, Academia and Investors Divesting from Fossil Fuels

The fossil fuel divestment movement has come a long way and this increasingly includes mainstream institutions. Banks, insurance companies and investors are all making the case that fossil fuels are dying.  Now we are seeing another wave of divestment from municipal governments and academic institution that make it even harder to ignore the impending demise of fossil fuels. The city of New York is divesting roughly $5 billion in city workers’ pension funds from fossil fuel companies. Recently lawmakers that city introduced a resolution that formally demands that the banks, asset managers and insurance giants with which the city government...

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COVID-19 Exposes Supply Chain Vulnerabilities that Cause Food Insecurity

The cornavirus pandemic has highlighted supply chain weaknesses that are causing food shortages. As explained in an FAO report, the global pandemic is threatening supply lines leading to concerns about food insecurity. "A protracted pandemic crisis could quickly put a strain on the food supply chains, a complex web of interactions involving farmers, agricultural inputs, processing plants, shipping, retailers and more," the report said. In a March paper the U.N. Committee on World Food Security (CFS) warned that Covid-19 will cause heightened instability in global food supply. The pandemic also prompted the Food and Land Use Coalition to issue a...

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Online Event – Harnessing Digital Solutions to Improve Product Sustainability and Supply Chain Transparency

Harnessing Digital Solutions to Improve Product Sustainability and Supply Chain Transparency will take place on Tuesday April 21, 2020. Online events brought to you by EL and EMT. Registered attendees receive exclusive access to slide decks and/or custom white papers (provided by most clients). This webinar to understand how digital transformation can enable an organization to address these complexities through cross-functional collaboration, process optimization, and a management systems approach. Summary Stakeholder influence continues to pressure organizations to improve sustainability measures within their operations and across the supply chain. Investors, shareholders, customers, and regulatory bodies demand more transparency in how products...

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The Economic Opportunities Associated with Carbon Removal

  Technologies that draw down carbon represent a massive economic opportunity. The global carbon capture and sequestration market is projected to reach USD 8.05 billion by 2021, representing a compounded annual growth rate of 13.6 percent from 2016 to 2021. According to some estimates carbon capture and utilization (CCU)** alone will be a $1 trillion market by 2030. Others have suggested that capture is a $4 trillion opportunity.  There are numerous co-benefits associated with reducing greenhouse gas emissions in addition to climate mitigation. This includes those that improve health. These health co-benefits could be worth $100 US per tonne of...

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Net Economic Gains from Climate Action

Cost is a commonly cited reason for resistance to climate action, however when we factor co-benefits and the real costs of inaction the logic for action is overwhelming  Research shows that when we include reduced death and disease as well as increased technological innovation and other co-benefits, the costs of climate action offer a  net economic benefit. When we add up the costs of action and compare them to the costs of inaction the value equation becomes clear.  The benefits of climate action far outweigh the costs.  This includes $160 trillion dollars worth of savings associated with climate action and...

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Coronavirus Related Stock Losses in 2 days Equal to the Cost of Climate Adaptation for the Next 10 Years

Stock market losses associated with coronavirus (COVID-19) equals the cost of climate adaption over the next decade.  Standard and Poor's 500 recorded a $1.7 trillion loss in two days of trading due to coronavirus. This is roughly equivalent to the estimated cost of climate adaption until 2030. This according to a 2019 report from the Global Commission on Adaptation which is led by former UN Secretary-General Ban Ki-moon, World Bank chief executive Kristalina Georgieva and Microsoft co-founder Bill Gates as well as and 31 other world leaders. The report indicated that investing $1.8 trillion in climate adaptation could yield benefits...

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The End is Near for Dirty Energy: Fossil Fuels are Being Abandoned by Investors, Insurers and Banks

“I’m done with fossil fuels. They’re done. They’re just done. We’re starting to see divestment all over the world.” - CNBC’s Jim Cramer The fact that investors, insurance companies and banks are abandoning the fossil fuel industry is a clear sign that coal, oil and gas are in the final stage of their energy dominance. Those who refuse to come to terms with this fundamental reality will by punished financially and in the court of public opinion. Jim Cramer is a stock market pundit and he sees the writing on the wall. "I’m done with fossil fuels. They’re done. They’re...

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Shame and Sustainability: Changing the Paradigm

Shame may be able to move us in a more sustainable direction, it may even be able to help us change the paradigm. There is reason to believe that we can leverage the little voices in our heads to do better. We may even be able to curtail our culture of over-consumption, make more responsible consumer choices, and better buying decisions. Change is difficult but is it precisely what we need if we are to succeed in addressing the climate crisis, ecological degradation, and biodiversity loss. Superficial changes will not suffice, what we need is a cultural change and shame...

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