Canadian Universities to Educate Business About Climate Change

- Adam Clare
Phramacy

A select group of universities across Canada have signed up to be part of a a new initiative to get long-term investors to care about climate change. The universities have endowment and pension funds that need to guarantee returns for decades (if not centuries) and thus have an obligation to plan ahead. That initiative is the new University Network for Investor Engagement (UNIE), and was founded with SHARE, an organization with a good track record of getting financial change. A world without catastrophic climate change is an easier one to make plans for, so let’s hope that UNIE helps decarbonize our economy by encouraging companies to care about the climate.

“These universities are showing leadership in addressing the climate crisis. Acting as investors, Canadian university pension plans and endowments can have a powerful influence on corporate behavior. Working together in one program amplifies each institution’s voice and leverages their power to bring about change,” said Kevin Thomas, Chief Executive Officer at SHARE.  

The UNIE initiative is focused both on reducing greenhouse gas emissions and accelerating the transition to a low carbon economy. 

“The actions taken by institutional investors today will play a crucial role in determining how society fares in the face of climate change,” said Thomas.

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Highways Make Traffic Worse, Transit Improves Traffic

- Adam Clare

Regular readers of this site already know that highways are amongst the worst ways to move people effectively and also a way to ensure urban development is built to cater to cars instead of human beings. Yet, in Ontario the government wants to build a $6 billion highway to promote low-density car-based development and increase the region’s carbon output. The utterly incompetent Conservative party is set on destroying the efforts of environmentalists and farmers to conserve prime farming land.

Building a highway isn’t good. If you want to actually improve transportation in Ontario – or almost anywhere – build better public transit. Vox explores this concept in a recent video.

The concept of induced demand has been around since the 1960s — nearly as long as the inception of the federal highway system — and has been proven by several studies since. But it still hasn’t stemmed the tide of big, expensive highway infrastructure projects as a Band-Aid to congestion.

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The Argument to Shrink the Economy Keeps Getting Stronger

- Adam Clare

The idea that we can eventually decarbonize our economy to keep it growing has been talked about for decades; sadly we’re far away from a carbon neutral economy and even it we did achieve such an economic system we still need to shrink it. What makes a “good” economy is up to us since we create the rules and laws around economic practices. Currently we designed our economic systems to be inherently unsustainable since it’s based on growth for the sake of wealth production. Instead we can make economic systems that favour environmental protection, economic equality, or any other good idea.

Regardless, we can start making more people aware that we need to shrink, rather than grow, the economy.

Green growth, Hickel concludes, is an ecologically incoherent â€œfairy tale.” If this seems harsh, consider what the ecomodernist position asks us to believe. The current system requires annual growth of roughly 3 percent to avoid the shock of recession. This means doubling the size of the economy every 23 years. The economy of 2000 must be 20 times larger in the year 2100, and 370 times larger in the year 2200. The green growth position rests on the assumption that this can go on, basically forever, because innovation will “dematerialize” the economy. Yet 2000 was the first year that, according to experts, humanity used more energy and materials than the safe limit. And the growth economy, far from dematerializing, remains geared toward expanding future markets for extremely materials-heavy products like Tesla cybertrucks and Apple iPhones. Comparing this to a fairy tale is, if anything, too generous, since children’s stories usually involve some kind of moral lesson applicable to the real world.

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Condos Looking to the Ground for Energy

- Adam Clare

When you think about geothermal power you may think of giant installations benefiting from the heat the earth produces; however much smaller geothermal setups exist. These smaller systems are often called geoexchanges since they cycle heat from the ground to the building above or vice versa. Small residential systems can take a long time to recoup the costs of installation and demand for these small systems keeps increasing. Larger installations for condo buildings can see positive returns very quickly due to the sheer quantity of energy those buildings need. The good news here is that more and more condos are looking to this more sustainable source of heating and cooling.

Lloyd Jacobs, general manager of FortisBC Alternative Energy Services, which has installed geothermal systems in dozens of multi-residential buildings in B.C., said there is “a huge demand” for alternative heating systems in large buildings that might have been heated by fossil fuels or baseboard heaters in the past.

Traditionally, a challenge for geothermal energy is the high cost of digging and installing the borefield — that is, the liquid-filled underground loops that store and supply the heating and cooling to the system.

But Martin Luymes, vice-president of government relations for the Heating Refrigeration and Air Conditioning Institute of Canada, said those upfront expenses are now offset by savings from things like lower energy and maintenance costs in as little as three to five years for large buildings.

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Accelerating the Circular Economy

- Adam Clare

construction

The COVID-19 pandemic has negatively affected economies from the local to the global and we can rebuild our economy using old destructive methods or rebuild it in a way that future generations can benefit. Everyday there are more calls to reshape our economic systems to respect the environment more while increasing profits, and we can. The circular economy is all about both local profits and global environmental protection. Over at the World Economic Forum they have outlined a few ways we can speed up our shift to a more sustainable economic structure.

2. Transforming consumption

A step further along the value chain, Transforming Consumption addresses the reality that we currently consume 1.75 times more resources each year than the Earth can naturally regenerate, and we are on course to more than double resource use by 2050. Here, innovators are working to conceptualize new models of circular consumption, including product-as-a-service, product-use extension (e.g. repairs, secondary marketplaces), and sharing platforms. Algramo is a Chilean start-up whose omni-channel, cross-brand platform technology enables brands and retailers to sell goods to consumer using smart reusable packaging for the lowest possible prices. Algramo’s packaging distribution system incorporates Fourth Industrial Revolution technologies to enable innovations such as their patented Packaging as a Wallet technology and IoT-connected vending machines. It is estimated that converting 20% of plastic packaging into reuse models presents a $10 billion opportunity, making rethinking packaging both a significant business priority in addition to having environmental imperative.

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