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<title>SDGtalks.ai | News, Content &amp;amp; Communication &#45; Aneurin Toomey 1</title>
<link>https://sdgtalks.ai/rss/author/aneurin-toomey-1</link>
<description>SDGtalks.ai | News, Content &amp;amp; Communication &#45; Aneurin Toomey 1</description>
<dc:language>en</dc:language>
<dc:rights>Copyright 2021 sdgtalks.ai &#45; All Rights Reserved.</dc:rights>

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<title>New, Super&#45;Efficient Commercial Aircraft Are The Path To Net Zero 2050</title>
<link>https://sdgtalks.ai/new-super-efficient-commercial-aircraft-are-the-path-to-net-zero-2050</link>
<guid>https://sdgtalks.ai/new-super-efficient-commercial-aircraft-are-the-path-to-net-zero-2050</guid>
<description><![CDATA[ The aviation industry&#039;s decarbonization efforts face challenges with costly SAF, limited technology for large aircraft, and economic pressures. A policy shift toward developing more fuel-efficient aircraft is crucial for sustainable progress. ]]></description>
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<pubDate>Sun, 08 Dec 2024 19:04:11 -0500</pubDate>
<dc:creator>Aneurin Toomey 1</dc:creator>
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<content:encoded><![CDATA[<p>The lady in the question line at SXSW aggressively questioned the aerospace panel, “Why don’t we just put more pressure on the airlines to cut emissions?” Tough question to answer as operational efficiency, the only piece the airlines control, represents about 4% of the Net Zero solution. The airline industry and the financial community have made extraordinary investments to decarbonize aviation. These efforts include pledges, accelerated investment in modernized aircraft, venture investments in new technologies, and synthetic hydrocarbons - Sustainable Aviation Fuel (SAF) offtake agreements. Most of this investment has focused on electric aircraft, hydrogen propulsion and aircraft, and substituting SAF for aviation fuel.</p>
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<p>Although pressure for decarbonization remains unrelenting, this investment approach has clear limitations for commercial aviation – the business of flying aircraft with more than 100 seats. Battery-electric aviation and hydrogen propulsion remain long-term propositions unlikely to replace conventional propulsion at scale for decades in commercial aviation. Large-scale SAF implementations look like they will have serious economic and scalability challenges.<span> </span><a href="https://www.bbc.com/news/articles/czrjzvep41ro" rel="nofollow noopener noreferrer" target="_blank" class="color-link" title="https://www.bbc.com/news/articles/czrjzvep41ro" data-ga-track="ExternalLink:https://www.bbc.com/news/articles/czrjzvep41ro" aria-label="Air New Zealand, for example, recently walked back from its commitment to cut emissions 29% by 2030">Air New Zealand, for example, recently walked back from its commitment to cut emissions 29% by 2030</a><span> </span>due to challenges in fleet availability and SAF capacity constraints.</p>
<p>Perhaps more alarming, airlines are starting to price in the costs of SAF policies.<span> </span><a href="https://newsroom.lufthansagroup.com/en/lufthansa-group-introduces--environmental-cost-surcharge/#:~:text=The%20Environmental%20Cost%20Surcharge%20applies%20to%20all%20flights,and%20is%20between%201%20euro%20and%2072%20euros." rel="nofollow noopener noreferrer" target="_blank" class="color-link" title="https://newsroom.lufthansagroup.com/en/lufthansa-group-introduces--environmental-cost-surcharge/#:~:text=The%20Environmental%20Cost%20Surcharge%20applies%20to%20all%20flights,and%20is%20between%201%20euro%20and%2072%20euros." data-ga-track="ExternalLink:https://newsroom.lufthansagroup.com/en/lufthansa-group-introduces--environmental-cost-surcharge/#:~:text=The%20Environmental%20Cost%20Surcharge%20applies%20to%20all%20flights,and%20is%20between%201%20euro%20and%2072%20euros." aria-label="Lufthansa recently announced surcharges of up to €72 per ticket">Lufthansa recently announced surcharges of up to €72 per ticket</a><span> </span>to cover part of the costs of increasing environmental requirements. The policies driving these price hikes are just getting started. Today, France mandates 1% SAF and EU ETS allowances trade at €65 a ton. By 2030, France’s SAF mandate will grow tenfold and<span> </span><a href="https://about.bnef.com/blog/eu-ets-market-outlook-1h-2024-prices-valley-before-rally/" rel="nofollow noopener noreferrer" target="_blank" class="color-link" title="https://about.bnef.com/blog/eu-ets-market-outlook-1h-2024-prices-valley-before-rally/" data-ga-track="ExternalLink:https://about.bnef.com/blog/eu-ets-market-outlook-1h-2024-prices-valley-before-rally/" aria-label="EU ETS allowances are expected to more than double to €150 a ton">EU ETS allowances are expected to more than double to €150 a ton</a>. Expect more, larger price increases if the current policy trajectory continues.</p>
<p>All of this belies the underlying reality that commercial aviation’s medium-term future won’t scale or pencil out financially to “Net Zero 2050” (the goal to have all aviation emissions directly or indirectly mitigated by 2050). The airlines don’t control the most important levers and real progress will require dramatic changes to how aerospace dollars get invested. To get those dollars invested, policymakers need to change gears and focus on promoting the development of new aircraft with radically better fuel efficiency.</p>
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<h2 class="subhead-embed color-accent bg-base font-accent font-size text-align">Aviation’s Current Sustainability Route</h2>
<p>Commercial aviation realized a 52% decline in fuel burn per passenger mile (and therefore emissions) between 1980 and 2012 – much faster than the auto sector, where fuel burn only dropped 26%. These steady efficiency gains have made commercial aviation far more efficient than ground transportation in terms of both cost and carbon produced, with aviation moving people at the equivalent of 90-120 miles per gallon – the equivalent of electric cars. These advantages and others contributed to a more rapid rate of growth for aviation than ground transportation over the last 40 years.</p>
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<div class="image-embed__placeholder"><img src="https://imageio.forbes.com/specials-images/imageserve/671ea467728ddd9c305e0f75/BTU-efficiency/960x0.png?format=png&amp;width=1440" alt="BTU efficiency"></div>
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<p class="color-body light-text" aria-expanded="false">Aviation improved fuel efficiency since 1980 passing automotive and bus transport and approaching<span> </span><span class="plus" data-ga-track="caption expand">... [+]</span></p>
<small>Source: FAA, Oakridge National Lab</small></figcaption>
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<p>The industry challenge looks different by type of aircraft. Small aircraft that serve mostly regional routes generate less than 10% of the industry’s emissions. It should benefit from the widespread adoption of hybrid-electric propulsion, which has the potential to reduce fuel burn and costs by up to 50% on regional routes. Although they will take longer to get into service, hydrogen and battery-powered aircraft developed could also eventually contribute to improved efficiency and reduced fuel burn.</p>
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<p>Larger aircraft that serve primarily commercial aviation routes over 500 miles<span> </span><a href="https://www.mckinsey.com/industries/aerospace-and-defense/our-insights/future-air-mobility-blog/reducing-aviation-emissions-over-the-long-and-short-haul" rel="nofollow noopener noreferrer" target="_blank" class="color-link" title="https://www.mckinsey.com/industries/aerospace-and-defense/our-insights/future-air-mobility-blog/reducing-aviation-emissions-over-the-long-and-short-haul" data-ga-track="ExternalLink:https://www.mckinsey.com/industries/aerospace-and-defense/our-insights/future-air-mobility-blog/reducing-aviation-emissions-over-the-long-and-short-haul" aria-label="generate 90% or more of total emissions of the sector">generate 90% or more of total emissions of the sector</a><span> </span>and have seen less innovation. Based on historical rates of improvement as depicted in the chart below, traditional tube and wing airframes using turbo-fan engines cannot meet the challenge of full decarbonization by 2050. Fuel represents around 25% of the typical airline’s cost bar and the industry consumes vast amounts of it. Unfortunately, the promising clean technologies for smaller aircraft—hybrid electric, electric, and hydrogen—do not scale easily to larger commercial aircraft.</p>
<p>In the absence of those new solutions for commercial aviation, policy support and investment have overwhelmingly favored the development of synthetic hydrocarbons, also called sustainable aviation fuels (SAF). These fuels promise to address all aviation emissions, not just those from regional flying. Commitments from airlines, including some of the world’s largest carriers, have led to global SAF offtakes to date totaling 14BN gallons. Figure 2 represents the typical plan you would see published by major airlines or industry groups (FAA, IATA) to reach NetZero 2050 for commercial aviation. Most of the projected carbon savings relevant to commercial aviation come from SAF assuming equipment-based improvements consistent with traditional rates of performance improvement. Yet, as we will see, without new equipment solutions, SAF solutions themselves become far less attractive and potentially unviable.</p>
<figure class="embed-base image-embed embed-4" role="presentation">
<div class="image-embed__placeholder"><img src="https://imageio.forbes.com/specials-images/imageserve/671ea506159913ab78ce199f/NetZero-2050-Meta-Analysis/960x0.jpg?format=jpg&amp;width=1440" alt="NetZero 2050 Meta Analysis"></div>
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<p class="color-body light-text">Meta-analysis of air transport industry "Net-Zero 2050" plans</p>
<small>Source: Proprietary model</small></figcaption>
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<p></p>
<h2 class="subhead-embed color-accent bg-base font-accent font-size text-align">The Uncomfortable Economic Realities</h2>
<p>SAF won’t come cheap. The World Economic Forum (WEF) estimates the total cost of the industry’s projected Net-Zero 2050 route at $4.6T (the route illustrated above). Nearly 95% of that incremental cost will come from SAF and most of the cost will accrue to commercial aviation. The WEF doesn’t expect these new fuels will reach<span> </span><a href="https://www.mckinsey.com/us/~/media/mckinsey/industries/aerospace%20and%20defense/our%20insights/decarbonizing%20the%20aviation%20sector%20making%20net%20zero%20aviation%20possible/making-net-zero-aviation-possible-executive-summary.pdf" rel="nofollow noopener noreferrer" target="_blank" class="color-link" title="https://www.mckinsey.com/us/~/media/mckinsey/industries/aerospace%20and%20defense/our%20insights/decarbonizing%20the%20aviation%20sector%20making%20net%20zero%20aviation%20possible/making-net-zero-aviation-possible-executive-summary.pdf" data-ga-track="ExternalLink:https://www.mckinsey.com/us/~/media/mckinsey/industries/aerospace%20and%20defense/our%20insights/decarbonizing%20the%20aviation%20sector%20making%20net%20zero%20aviation%20possible/making-net-zero-aviation-possible-executive-summary.pdf" aria-label="price parity to jet fuel">price parity to jet fuel</a>. The remaining ~5% will come from investment in battery electric and hydrogen aircraft that address primarily the regional aviation markets. The $184BN of new investment per year for this route represents six times the<span> </span><a href="https://www.reuters.com/business/aerospace-defense/global-airlines-raise-profit-outlook-2024-2024-06-03/#:~:text=The%20International%20Air%20Transport%20Association,labour%20costs%20despite%20recent%20strikes." rel="nofollow noopener noreferrer" target="_blank" class="color-link" title="https://www.reuters.com/business/aerospace-defense/global-airlines-raise-profit-outlook-2024-2024-06-03/#:~:text=The%20International%20Air%20Transport%20Association,labour%20costs%20despite%20recent%20strikes." data-ga-track="ExternalLink:https://www.reuters.com/business/aerospace-defense/global-airlines-raise-profit-outlook-2024-2024-06-03/#:~:text=The%20International%20Air%20Transport%20Association,labour%20costs%20despite%20recent%20strikes." aria-label="industry’s expected profits of $30.5BN in 2024">industry’s expected profits of $30.5BN in 2024</a>.</p>
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<div class="image-embed__placeholder"><img src="https://imageio.forbes.com/specials-images/imageserve/671ea6d2b757151571ae4f39/NetZero-Investments/960x0.png?format=png&amp;width=1440" alt="NetZero Investments"></div>
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<p class="color-body light-text" aria-expanded="false">Snapshot from World Economic Forum Clean Skies for Tomorrow whitepaper estimating $4.6TN Investment<span> </span><span class="plus" data-ga-track="caption expand">... [+]</span></p>
<small>Source: WEF MPP analysis</small></figcaption>
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<p>These challenges will impact the regional market differently than commercial aviation. The former should benefit from the widespread, medium-term adoption of hybrid-electric propulsion, which has the potential to reduce fuel burn and costs by up to 50% on regional routes. Hydrogen and battery-powered aircraft developments could also contribute to improved efficiency and reduced fuel burn in the long-term. The negative abatement costs (i.e., operators are accruing cost savings for every ton of CO2 they avoid) associated with these new equipment solutions and the reduction in need for fuel overall should help the regional segment of the aviation industry grow even as it pays for increased SAF penetration and radically reduces emissions.</p>
<p>Commercial aviation poses a much greater challenge. Theoretically, hydrogen, hybrid-electric and battery electric could contribute to more carbon efficient commercial aircraft. Practically, these technologies won’t have the weight, power or volume profiles to meet commercial aviation’s on-wing power needs in the medium term. The aerospace industry is making insufficient progress to manage this problem for larger commercial aircraft.</p>
<p>Yet, SAF programs will struggle to succeed without more fuel, and therefore carbon, efficient commercial aircraft. To understand why, look at the scale of the need, how SAF will increase airline costs and how higher costs will influence demand for air services. Commercial aviation uses about 100 billion gallons of fuel per year. Given the scale of the need, SAF will likely come from several different technologies, cost profiles, and feedstocks as seen below. These technologies are expected to cost 2-3 times their traditional substitutes.</p>
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<div class="image-embed__placeholder"><img src="https://imageio.forbes.com/specials-images/imageserve/671ea76ad60e22dfbefa20c1/Fuel-Costs-NetZero-2050/960x0.png?format=png&amp;width=1440" alt="Fuel Costs NetZero 2050"></div>
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<p class="color-body light-text">Estimates for SAF cost of production ranges significantly.</p>
<small>Source: WEF, McKinsey &amp; Company</small></figcaption>
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<p>These estimates may understate the impact on prices. Many SAF technologies rely on electricity for cost-efficient production. However, the electrification of the economy will likely dramatically accelerate the demand for power and put strains on existing transmission infrastructure. Many expect electricity prices to increase at the point of use over the next decade even if prices for some types of power fall at the point of generation. Indeed, recent reports say<span> </span><a href="https://www.barrons.com/articles/microsoft-constellation-ai-stock-nuclear-power-30d0e00b" rel="nofollow noopener noreferrer" target="_blank" class="color-link" title="https://www.barrons.com/articles/microsoft-constellation-ai-stock-nuclear-power-30d0e00b" data-ga-track="ExternalLink:https://www.barrons.com/articles/microsoft-constellation-ai-stock-nuclear-power-30d0e00b" aria-label="Microsoft has contracted green power at $0.10 to $0.14 cents per kwh">Microsoft has contracted green power at $0.10 to $0.14 cents per kwh</a>. Not a problem for high value added data centers that sell Nvidia processing time to AI companies, but perhaps more challenging for synthetic fuel plants that sell to a price sensitive industry.</p>
<p>How high AI demand will push electricity prices remains unclear. The optimistic end of the range for 2050 SAF production assumes unprecedented breakthroughs in energy production efficiency: $0.02 per KwH production cost. This price is nearly two-thirds the cost of today's lowest-cost energy projects, a much lower fraction of the cost of renewable energy available today at scale and 20% or less of Microsoft’s contracted price noted above.</p>
<p>Prices will become increasingly challenging for airlines and governments to manage as volumes increase. Prices typically get set by costs of the marginal producer/technology. The higher SAF penetrates into aviation fuel markets, the more SAF production will need to rely on less attractive, higher cost technologies. This will push up the prices for key feedstocks and ultimately the price of SAF.</p>
<p>For governments, the size and cost of the subsidies required to support a mostly SAF led transition could cost hundreds of billions of dollars per year. If governments impose mandates, forcing airlines and consumers to pay the cost of increased prices, they could unravel the global economy by creating economic dislocation in the tourism industry, which contributes $8.8 trillion to world GDP (10.4% of the global economy), and other aviation dependent sectors. Combine this with the fact that higher fares disproportionately impact the least expensive seats on the aircraft, and you have a recipe for significant backlash from the traveling public.</p>
<p>Traditional airline economic modeling tells us that cost increases at this scale will lead to unprecedented demand destruction. Historically, about 25% of airline costs come from fuel. If SAF were to replace jet fuel at the prices above, fuel costs would increase to 40-50% of airline costs. The resulting increase in ticket costs means the industry could lose 9 trillion revenue passenger kilometers (RPKs) in 2050—about the same total as all industry RPKs flown in 2019. In addition to the direct loss of revenue, this unprecedented cost pressure could cut industry margins by a third as airlines manage the transfer of SAF premiums to passengers. Higher exposure to fuel prices would also increase the volatility of cash flows forcing airlines to increase working capital to mitigate risk.</p>
<figure class="embed-base image-embed embed-11" role="presentation">
<div class="image-embed__placeholder"><img src="https://imageio.forbes.com/specials-images/imageserve/671eb028686d337a9b8c06e4/SAF-Demand-Impact/960x0.png?format=png&amp;width=1440" alt="SAF Demand Impact"></div>
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<p class="color-body light-text" aria-expanded="false">Industry demand in 2050 could be 32% lower if passengers bear the cost of SAF premiums to fund<span> </span><span class="plus" data-ga-track="caption expand">... [+]</span></p>
<small>Source: Proprietary model</small></figcaption>
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<p>This scenario would cripple the investment case for the aviation industry AND the SAF industry lowering the amount of capital available to both sectors from investors and taxpayers needed to drive decarbonization. An impoverished aviation industry would have little capital to invest in the new, fuel-efficient aircraft already in production. As some government’s push back their climate goals and others do not, the commercial aviation industry could balkanize with different variants of aircraft for each region further increasing costs. SAF plants could become difficult to finance given this economic uncertainty and an unstable customer base.</p>
<p>In short, Net Zero 2050 looks upside down at the moment. The relatively small, regional sector should have good prospects for dramatic GHG reductions and growth based on significant innovation in multiple break-through, negative-abatement-cost technologies that should also make using SAF attractive. The larger commercial aviation sector, where most of the fuel is burned, has fewer prospects for breakthrough technologies and limited ability to absorb the economic premium associated with SAF as a result.</p>
<h2 class="subhead-embed color-accent bg-base font-accent font-size text-align">The Great Misallocation</h2>
<p>How did the industry get itself into this position? The flow of capital should have followed the biggest financial opportunities with the biggest carbon footprint and prioritized projects with medium term payoffs while seeding longer-term opportunities. So far, that isn’t what has happened.</p>
<p>Nearly all “sustainable aviation” investment from private capital markets and airlines has been put toward SAF or short-haul aircraft technologies. Over the last eight years, nearly 70% of total venture investment in the sector has gone to electric, hybrid electric or hydrogen technologies that will help decarbonize regional aviation. Oddly, most of that investment has gone into battery electric or hydrogen technologies with longer-term payoff cycles, limited impact on industry passenger growth and limited reduction in medium-term GHG production. About 30% has gone into SAF investments that could help decarbonize both regional and commercial aviation.</p>
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<div class="image-embed__placeholder"><img src="https://imageio.forbes.com/specials-images/imageserve/671ea8f56360df40bca31921/GreatMisallocation/960x0.png?format=png&amp;width=1440" alt="GreatMisallocation"></div>
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<p class="color-body light-text">SAF and technology for small aircraft has dominated early-stage investments in sustainable aviation</p>
<small>Source: Dealroom, Pitchbook</small></figcaption>
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<p>Commercial aviation CVCs have a similar profile, with a higher emphasis on SAF, which reflects a pragmatic response to the pressure investors have put on airlines for sustainable flying. Surprisingly, investments in new commercial aircraft that could help solve the biggest part of the Net Zero challenge and unlock the value of existing SAF investments received almost no investment at all.</p>
<p>Given the scale of the crisis, it seems remarkable that Airbus and Boeing have no breakthrough airframe programs underway that will solve the industry’s sustainability and demand destruction issues. The last generation of narrowbody aircraft, the A320neo and 737MAX families, realized ~20% fuel savings largely based on advances in turbo-fan technology. However,<span> </span><a href="https://aviationweek.com/air-transport/aircraft-propulsion/analysis-why-airlines-are-fed-their-narrowbody-engines" rel="nofollow noopener noreferrer" target="_blank" class="color-link" title="https://aviationweek.com/air-transport/aircraft-propulsion/analysis-why-airlines-are-fed-their-narrowbody-engines" data-ga-track="ExternalLink:https://aviationweek.com/air-transport/aircraft-propulsion/analysis-why-airlines-are-fed-their-narrowbody-engines" aria-label="the difficulties the LEAP and GTF engines have experienced">the difficulties the LEAP and GTF engines have experienced</a><span> </span>demonstrate how challenging the OEMs will find it to maintain historical rates of improvement without changing the tube-and-wing airframe model they have relied on for the last six decades. Nevertheless, both have publicly stated their intention to release new narrowbody or widebody class aircraft based on tube and wing designs in the mid 2030s. Nearly all publicized Net Zero 2050 plans including those outlined in the charts above take for granted the OEMs will realize an additional 20% in efficiency improvements per historical trends, leaving unsolved the industry’s sustainability and demand destruction issues.</p>
<p>The OEM’s have begun exploration of more transformational concepts. Take Boeing’s advanced development program, the X66 Truss Braced Wing concept. It targets up to a 30<a href="https://www.boeing.com/content/dam/boeing/boeingdotcom/features/innovation-quarterly/2023/11/X-66A_Q4_2023.pdf" rel="nofollow noopener noreferrer" target="_blank" class="color-link" title="https://www.boeing.com/content/dam/boeing/boeingdotcom/features/innovation-quarterly/2023/11/X-66A_Q4_2023.pdf" data-ga-track="ExternalLink:https://www.boeing.com/content/dam/boeing/boeingdotcom/features/innovation-quarterly/2023/11/X-66A_Q4_2023.pdf" aria-label="% fuel efficiency improvement from airframe advancements">% fuel efficiency improvement from airframe advancements</a>, propulsion and materials, with additional efficiency coming mostly from open rotor engine technology. This reliance on engine efficiency is consistent with the industry’s strategy to date and<span> </span><a href="https://aviationweek.com/air-transport/aircraft-propulsion/boeing-questions-cfm-rise-open-fan-viability-737-successor?elq2=26457986d6fc4324ac41fa&amp;elq2=26457986d6fc4324ac41fa7ba1516a0f&amp;sp_eh=0ecd3c84420c50a0457f200d6d4fc0721815ea4c74a920991832ca55303c8a29" rel="nofollow noopener noreferrer" target="_blank" class="color-link" title="https://aviationweek.com/air-transport/aircraft-propulsion/boeing-questions-cfm-rise-open-fan-viability-737-successor?elq2=26457986d6fc4324ac41fa&amp;elq2=26457986d6fc4324ac41fa7ba1516a0f&amp;sp_eh=0ecd3c84420c50a0457f200d6d4fc0721815ea4c74a920991832ca55303c8a29" data-ga-track="ExternalLink:https://aviationweek.com/air-transport/aircraft-propulsion/boeing-questions-cfm-rise-open-fan-viability-737-successor?elq2=26457986d6fc4324ac41fa&amp;elq2=26457986d6fc4324ac41fa7ba1516a0f&amp;sp_eh=0ecd3c84420c50a0457f200d6d4fc0721815ea4c74a920991832ca55303c8a29" aria-label="may face challenges in implementation">may face challenges in implementation</a>.</p>
<p>The sluggish response of the airframe OEMs to commercial aviation’s challenges has its roots in the complexity of designing and building new aircraft and the regulatory framework for certification that supports safety and other social objectives. Designing and manufacturing new passenger aircraft can require $10B or more of capital to develop and deep expertise to start and scale. Exacting safety standards and the complex nature of aerospace systems creates high capital and time requirements. (E.g., even a small aircraft like Joby’s eVTOL has taken years, $3.5B of invested capital and has yet to be certified to fly passengers.) The regulatory system demands manufacturers to complete nearly all capital investment in its manufacturing and engineering before their aircraft is certified for operation. Together, these factors mean airframe OEMs can release derivatives of existing aircraft for a much lower cost than developing a clean sheet aircraft.</p>
<p>These structural elements incent the current OEMs to limit product line breadth and create derivatives that stretch existing product lines across multiple use cases. In effect, this creates a financial bias towards product line consolidations and against airframe innovation. Mid-market aircraft represent a good example of how these incentives operate. Narrowbody aircraft typically have up to 200 seats and up to 3,000 miles of range powered by lighter engines with up to 34,000 pounds of thrust. Widebody aircraft typically have many more seats and often have a range of over 9,000 miles and heavy engines with 80,000 pounds of thrust or more. A mid-market aircraft would have more seats than a narrowbody and a range of 5,000 to 6,000 miles to fly over the Atlantic. This type of aircraft would save fuel, even if configured in a tube-and-wing design, for North Atlantic flights and other mid-range flying. However, OEMs could understandably find it hard to make the capital economics for developing a new, more efficient aircraft for the mid-range use case pencil out. That aircraft would cannibalize existing product lines and result in significantly higher capital costs than creating a new derivative of an existing aircraft. This puts into perspective why David Calhoun’s may have canceled Boeing’s New Midmarket Airplane project in 2020 and why the last mid-market aircraft, the Boeing 757, was launched over 40 years ago. Today, the existing OEM’s face an innovator’s dilemma accentuated by a set of regulatory incentives unique to aviation.</p>
<p>Given the limited support from the financial community and the OEMs, the aviation industry’s focus on SAF allows it to manage the risks of the transition without over-extending itself. Decades of crises, narrow margins, and an over-consolidated supply chain have made airlines cautious with respect to capital outlays. SAF investments allow the industry to trade capex for operating expense (opex) with the option to avoid that opex if the technology doesn’t pan-out. When that opex is low, airlines can experiment and innovate with smaller-scale partnerships and agreements with SAF companies or find the customer segments willing to fund the premium. These investments in SAF create signaling value that can facilitate larger investments from financial investors. If airlines want to make their CVC investments in SAF relevant they need to do the same with breakthrough commercial aircraft that make SAF economically affordable.</p>
<h2 class="subhead-embed color-accent bg-base font-accent font-size text-align">A New Policy Emphasis</h2>
<p>Airlines’ primary mission remains safe, low cost transportation. That mission requires the industry to cut fuel consumption to reduce costs and thereby cut emissions. Yet, without more efficient commercial aircraft, SAF will increase fuel costs, shrink the market, undermine public support for decarbonization and kill off the investments that will make SAF available.</p>
<p>Creating policies that open up commercial aerospace to innovation via new competition would help. The military has done some of this in regional aviation with its Stratfi contract with<span> </span><a href="https://www.electra.aero/" rel="nofollow noopener noreferrer" target="_blank" class="color-link" title="https://www.electra.aero/" data-ga-track="ExternalLink:https://www.electra.aero/" aria-label="Electra">Electra</a><span> </span>and its tanker contract with<span> </span><a href="https://www.jetzero.aero/" rel="nofollow noopener noreferrer" target="_blank" class="color-link" title="https://www.jetzero.aero/" data-ga-track="ExternalLink:https://www.jetzero.aero/" aria-label="JetZero">JetZero</a>. (My venture capital firm DiamondStream is an investor in JetZero and I sit on the board.) However, military contracts, though helpful, can’t take the place of a broader commercial aerospace policy.</p>
<figure class="embed-base image-embed embed-12" role="presentation">
<div class="image-embed__placeholder"><img src="https://imageio.forbes.com/specials-images/imageserve/672862e8c9461fd7229a6935/A-blended-wing-body-aircraft/960x0.jpg?format=jpg&amp;width=1440" alt="A blended wing body aircraft"></div>
<figcaption>
<p class="color-body light-text">A blended wing body aircraft</p>
<small>Associated Press</small></figcaption>
</figure>
<p>Policy needs to address competition and innovation at the same time. For example, accelerated depreciation on new, fuel efficient aircraft could increase demand for new aircraft. Without competition, existing competitors would benefit by increasing prices as demand increases whereas a competitive market might lead to larger supply increases. Similarly, providing research funding to established competitors can result in interesting findings that don’t turn into deployed products. Boeing and NASA spent close to 20 years and hundreds of millions of dollars researching blended wing body aircraft before Boeing dropped the concept. Whatever the financial merits of the decision, Boeing clearly faced significant disincentives to introduce a BWB aircraft given the potential for cannibalization of its existing wide-body offering. In addition to airframes, the current regulatory environment also protects current competitors at the expense of innovation at the supply chain level. An airframes policy could be the first step to a broader policy that helps mitigate some of the anti-competitive impact that regulatory policy has created within the commercial aerospace overall.</p>
<p>Ideas for radical improvements of airframes are available.<span> </span><a href="https://www.ottoaviation.com/" rel="nofollow noopener noreferrer" target="_blank" class="color-link" title="https://www.ottoaviation.com/" data-ga-track="ExternalLink:https://www.ottoaviation.com/" aria-label="Otto Aerospace">Otto Aerospace</a><span> </span>claims a 60% reduction in fuel consumption from its airframe design that promotes laminar flow and Boeing’s Truss Wing aircraft has already been mentioned. Start-ups have launched multiple blended wing body (BWB) aircraft projects with similar step change improvements to fuel efficiency including: JetZero,<span> </span><a href="https://natilus.co/" rel="nofollow noopener noreferrer" target="_blank" class="color-link" title="https://natilus.co/" data-ga-track="ExternalLink:https://natilus.co/" aria-label="Natilus">Natilus</a><span> </span>and Outbound. At the higher end of the regional business, aircraft powered by hybrid electric systems could see deployment in the next decade.</p>
<p>Governments have helped make aviation the world’s safest business — they should make sure that stifling innovation is not its price. Catalyzing the development of 4-5 fuel-efficient, next generation aircraft projects with negative abatement costs with the goal of 1-2 successes might cost $50-100B. That looks cheap compared to $4-5T of SAF investments and like a bargain compared to the economic costs of shrinking the aviation industry and other related sectors like tourism.</p>
<p>Importantly, the negative abatement costs of these new aircraft don’t compete with SAF projects, they enable them. Investment cases for high capital cost technologies like SAF that depend on government mandates for adoption instead of core economics often struggle to raise funding. As noted above, the negative abatement costs new airframes provide can make SAF affordable and make investment in SAF facilities more financially rational. For example, hybrid-electric powered aircraft running all SAF can operate inter-island routes more cheaply than a turbo-prop version of the same aircraft using JetA.</p>
<p>As highly visible consumer businesses, airlines tend to take the heat for the lack of commercial aerospace innovation and occupy the best position to explain these issues to the public. Explaining the realities of decarbonizing to less expert audiences with strongly held views takes determination, patience and leadership. Many have and will continue to demonize the industry for speaking forthrightly on this issue.</p>
<p>Yet the airlines have little choice. Airbus and Boeing will develop SAF enabled, traditional aircraft with evolutionary improvements that don’t solve the problem. In doing so and consistent with their financial incentives, they will push de facto responsibility for decarbonization issues back to the airlines. It also will saddle governments and airlines with a choice between undermining the financial stability of the air transportation system by aggressively switching to SAF or slowing progress on climate goals. Airlines need to explain to their airframe partners, policymakers and the public the best path to solving these issues in the medium term are better airspace utilization, fleet renewal and policies that facilitate accelerated commercial aerospace innovation, even while they continue to seed and explore longer term solutions like SAF and hydrogen.</p>
<p>After all, what is the alternative? Massive capital investment in a SAF industry that will cause the core market for that technology to shrink dramatically and shrink tourism, one of the world’s largest sectors? An inconsistent regulatory regime around mandates that creates geographic aerospace silos out of a global industry and makes it less efficient? Do nothing and watch emissions grow?</p>
<p>The time to take action is now before policy drift creates a policy mess.</p>]]> </content:encoded>
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<title>Enhanced Geothermal Systems: Unlocking Earth&amp;apos;s Hidden Energy Potential</title>
<link>https://sdgtalks.ai/enhanced-geothermal-systems-unlocking-earths-hidden-energy-potential</link>
<guid>https://sdgtalks.ai/enhanced-geothermal-systems-unlocking-earths-hidden-energy-potential</guid>
<description><![CDATA[ Enhanced Geothermal Systems (EGS) are revolutionizing renewable energy by harnessing the Earth&#039;s internal heat, offering a reliable, scalable power source. Unlike traditional geothermal, EGS creates artificial reservoirs in regions without natural geothermal resources, making it widely applicable. EGS provides baseload power, generating electricity continuously, unlike intermittent sources like wind and solar. Projects by companies like Fervo Energy and Ormat Technologies, along with advancements in drilling technology, are driving EGS&#039;s potential. With reduced costs and supportive policies, EGS is poised to play a key role in sustainable energy, offering both electricity and heating solutions while supporting decarbonization. ]]></description>
<enclosure url="https://imageio.forbes.com/specials-images/imageserve/6754df541522ede0cf3173cd/Google-Geothermal-Energy/960x0.jpg" length="49398" type="image/jpeg"/>
<pubDate>Sun, 08 Dec 2024 18:57:07 -0500</pubDate>
<dc:creator>Aneurin Toomey 1</dc:creator>
<media:keywords></media:keywords>
<content:encoded><![CDATA[<div class="article-body fs-article fs-responsive-text current-article">
<p>Enhanced Geothermal Systems (EGS) are quietly transforming how we think about renewable energy, turning one of the Earth's most underutilized resources—its internal heat—into a reliable and sustainable power source. The DOE Department of Energy (DOE) has estimated that there is approximately 100,000 megawatts of clean, baseload power possible through EGS technology in the United States</p>
<p>The beauty of this technology, which extracts thermal energy from deep beneath the surface, is that it is widely applicable, and may be of particular interest in regions where wind and solar face limitations.</p>
<div class="halfway_hardwall_2"></div>
<h2 class="subhead-embed color-accent bg-base font-accent font-size text-align">Harnessing Earth's Internal Heat</h2>
<p>EGS operates by drilling deep into the Earth's crust to access hot, dry rock formations. By injecting water into these formations and creating fractures, a closed-loop system is established. The water circulates through the hot rock, absorbing thermal energy and transforming into steam. This steam is brought to the surface to drive turbines, generating electricity. The cooled fluid is reinjected underground, minimizing environmental impact and sustaining the process.</p>
<div class="halfway_hardwall_3">This differs from traditional geothermal energy, which relies on natural reservoirs of hot water or steam. EGS's ability to artificially create geothermal reservoirs means it can be deployed in regions where conventional geothermal resources are unavailable, dramatically expanding the potential application of this renewable technology.</div>
<div class="halfway_hardwall_4"></div>
<h2 class="subhead-embed color-accent bg-base font-accent font-size text-align">Reliable Baseload Power</h2>
<p>One of EGS's standout features is its ability to provide baseload power. Unlike wind and solar, which are intermittent and depend on weather conditions, EGS generates firm power, producing electricity around the clock.</p>
<p>Companies and institutions are demonstrating the potential of EGS to reshape the energy landscape.</p>
<p><a href="https://fervoenergy.com/" rel="nofollow noopener noreferrer" target="_blank" class="color-link" title="https://fervoenergy.com/" data-ga-track="ExternalLink:https://fervoenergy.com/" aria-label="Fervo Energy">Fervo Energy</a><span> </span>is pioneering advanced techniques adapted from the oil and gas industry, including horizontal drilling and well stimulation. Its Utah project, set to produce 320 megawatts of electricity by 2028, is a landmark in renewable energy innovation. This project has already attracted attention from Southern California Edison, which has committed to integrating Fervo's geothermal energy into its grid.</p>
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<div role="button" class="cnx-button cnx-bp-xl-lit " part="inner-cta-button" aria-label="Read More" tabindex="0"><a href="https://www.ormat.com/en/home/a/main/" rel="nofollow noopener noreferrer" target="_blank" class="color-link" title="https://www.ormat.com/en/home/a/main/" data-ga-track="ExternalLink:https://www.ormat.com/en/home/a/main/" aria-label="Ormat Technologies">Ormat Technologies</a> has received a nearly $3.4 million grant from the DOE to demonstrate the viability of EGS at its Brady facility near Reno, Nevada. The project aims to improve non-commercial wells by applying EGS stimulation techniques to develop fracture networks that will enable communication with productive reservoirs and enhance electricity generation.</div>
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<p>The project builds on Ormat's previous EGS work, including a demonstration at the Desert Peak geothermal power plant, which is set to be the first application of EGS technology to supply a producing power project in the U.S. Ormat's air-cooled power plants are particularly well-suited for EGS developments due to their compatibility with typical production temperatures and their water-conserving design, which re-injects all geothermal fluid back into the ground.</p>
<p>Cornell University<span> </span><a href="https://sustainablecampus.cornell.edu/campus-initiatives/buildings-energy/campus-energy/earthsourceheat" rel="nofollow noopener noreferrer" target="_blank" class="color-link" title="https://sustainablecampus.cornell.edu/campus-initiatives/buildings-energy/campus-energy/earthsourceheat" data-ga-track="ExternalLink:https://sustainablecampus.cornell.edu/campus-initiatives/buildings-energy/campus-energy/earthsourceheat" aria-label="is exploring EGS">is exploring EGS</a><span> </span>for district heating with its Earth Source Heat Project. This initiative aims to provide carbon-neutral thermal energy to the university’s campus, demonstrating how EGS can serve localized heating needs while supporting decarbonization goals.</p>
<h2 class="subhead-embed color-accent bg-base font-accent font-size text-align">Advancements and Opportunities</h2>
<p>Recent advancements in drilling technology have significantly reduced the costs associated with EGS, making it more competitive with other renewable energy sources. Innovations like synthetic diamond drill bits and horizontal well systems have enhanced efficiency, enabling faster project development.</p>
<p>Additionally, federal and state policies promoting renewable energy integration are creating opportunities for EGS expansion. Enhanced<span> </span><a href="https://www.nrel.gov/geothermal/resource-assessment-mapping.html" rel="nofollow noopener noreferrer" target="_blank" class="color-link" title="https://www.nrel.gov/geothermal/resource-assessment-mapping.html" data-ga-track="ExternalLink:https://www.nrel.gov/geothermal/resource-assessment-mapping.html" aria-label="mapping of geothermal potential">mapping of geothermal potential</a><span> </span>by agencies like the National Renewable Energy Laboratory (NREL) has revealed viable sites across much of the U.S., further broadening EGS's appeal.</p>
<h2 class="subhead-embed color-accent bg-base font-accent font-size text-align">A Critical Component for the Future of Energy</h2>
<p>Enhanced Geothermal Systems represent a potentially intriguing component of future clean energy production. Their scalability, reliability, and minimal environmental footprint make them a valuable addition to the renewable energy mix.</p>
<p>As technology continues to advance and costs decline, EGS has the potential to play a leading role in the global shift toward sustainable energy, providing solutions that meet both electricity and heating needs while combating climate change.</p>
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<title>Regenerative food systems can change the story of how agriculture impacts climate change</title>
<link>https://sdgtalks.ai/regenerative-food-systems-can-change-the-story-of-how-agriculture-impacts-climate-change</link>
<guid>https://sdgtalks.ai/regenerative-food-systems-can-change-the-story-of-how-agriculture-impacts-climate-change</guid>
<description><![CDATA[ The First Movers Coalition for Food (FMC for Food) is working to support farmers in transitioning to regenerative farming by creating market demand for sustainably produced foods. By scaling regenerative agriculture, the global food system can significantly reduce greenhouse gas emissions. The coalition aims to lower the financial and technical barriers for farmers, helping them adopt low-carbon practices. Through collective action and partnerships, FMC for Food is driving a shift towards sustainable food systems, benefiting both the environment and farmers&#039; livelihoods. ]]></description>
<enclosure url="https://assets.weforum.org/article/image/responsive_big_webp_wCj-JoQd9dEp9rQiRUj76vLZKmCLxKXDolp7vvYCIbw.webp" length="49398" type="image/jpeg"/>
<pubDate>Sun, 08 Dec 2024 18:42:40 -0500</pubDate>
<dc:creator>Aneurin Toomey 1</dc:creator>
<media:keywords></media:keywords>
<content:encoded><![CDATA[<div class="wef-1anm32a">
<ul role="list" class="wef-1cws6pr">
<li class="wef-9heu1b"><span>Farmers often carry the heaviest burden to access the capital, technology and knowledge needed for the climate transition.</span></li>
<li class="wef-9heu1b"><span>All actors in the value chain, from brand owners to retailers to distributors to consumers, have a role in supporting farmers with this transition.</span></li>
<li class="wef-9heu1b"><span>Through initiatives like the First Movers Coalition for Food, companies and countries are coming together to show demand for sustainably produced foods and giving farmers the market confidence to transition.</span></li>
</ul>
</div>
<div class="wef-zw4tnc">
<p>Embracing regenerative farming globally could help provide a<span> </span><a href="https://www.sustainable-markets.org/news/the-agribusiness-task-force-launches-blended-finance-framework-to-make-regenerative-farming-mainstream/">third of the land-based climate action needed by 2030</a>. By scaling regenerative agriculture, the global food system has the potential to play a significant role in tackling greenhouse gas emissions while delivering additional environmental benefits. However, a significant transformation of how food is grown and produced is needed to bridge the gap to that ambition.</p>
</div>
<div class="wef-zw4tnc">
<p>A market-wide transition to low-emission food commodities using sustainable and regenerative farming practices is needed.<span> </span><a href="https://www.pepsico.com/our-impact/sustainability/esg-summary">PepsiCo</a><span> </span>previously shared that<span> </span><a href="https://www.weforum.org/agenda/2023/12/food-for-the-future-three-ways-our-food-system-must-transform-cop28/">three action areas were required to transform food systems</a>, including strategic partnerships to scale impact. PepsiCo and other organizations convened by the World Economic Forum have since announced the<span> </span><a href="https://www.weforum.org/press/2023/12/first-movers-coalition-for-food-to-create-up-to-20-billion-value-chain-for-sustainable-farming/">First Movers Coalition for Food</a><span> </span>(FMC for Food), which seeks to build demand for sustainable and regenerative methods by harnessing the collective efforts of industry leaders.</p>
</div>
<div class="wef-1qmtbdn">
<h2 class="chakra-heading wef-jbq6c6"><b>Leveraging the power of aggregated demand</b></h2>
</div>
<div class="wef-zw4tnc">
<p>All actors in the food value chain can play a role in reducing greenhouse gas (GHG) emissions. However, this needs to happen around shared principles of sustainability to maximize the potential environmental and economic benefits. Together, at the FMC for Food, we can build consensus on sustainable sourcing of foods and create demand for climate smart commodities. Through collective action, the FMC for Food can help the world’s food systems hit net zero by 2050, while also bringing other positive impacts including for the planet, food security and improving farmer livelihoods.</p>
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<p>An essential consideration for this new coalition is to minimize the costs and demands required of farmers to switch to sustainable growing practices. Currently, the financial, technical and social costs of transitioning land heaviest on farmers. They face challenges like access to trusted and objective technical advice and new technologies, upfront costs for new equipment, seeds and other inputs and the potential reduction in short-term yields. They also often see gaps in financing due to the perceived risk of these investments. Farmers consistently express worries about the increasing obligations imposed on them, coupled with the lack of clear demand for regenerative and sustainable products.</p>
</div>
<div class="wef-zw4tnc">
<p>This needs to change, and all actors in the value chain have a role in enabling this transition.</p>
</div>
<div class="wef-zw4tnc">
<p>To accelerate the adoption of sustainable production methods and technologies to reach tipping points for systems-level change within the agri-food system, FMC for Food aims to leverage demand signals. Alongside new and existing investments to support the transformation towards sustainable production, this will provide the de-risking required to scale up emerging innovations and farming transition towards more low carbon practices.</p>
</div>
<div class="wef-1qmtbdn">
<h2 class="chakra-heading wef-jbq6c6"><b>Shaping change to benefit consumers<br></b></h2>
</div>
<div class="wef-zw4tnc">
<p>We can leverage the deep connections that consumers have with brands to help them understand the relationship between what they eat, how it’s grown and how it impacts the planet.</p>
</div>
<div class="wef-zw4tnc">
<p>For example, Lay's and Walkers are highlighting the role farmers and regenerative agriculture play in sourcing ingredients for their products and contributing to a more sustainable food system.</p>
</div>
<div class="wef-zw4tnc">
<p><a href="https://www.goldengrowshere.com/">Golden Grows Here</a><span> </span>is a campaign showcasing Lay's sustainably sourced potatoes and the farms that cultivate them. This campaign demonstrates that every bag of Lay's is made from real potatoes, sustainably sourced from over 100 farms across the US. In India, Lay’s launched<span> </span><a href="https://www.lovethework.com/work-awards/campaigns/project-farm-equal-1635311">Project Farm Equal</a><span> </span>in collaboration with the US Agency for International Development. This project not only aims to boost yields but provides holistic support for female farmers, including technical and financial training programmes. In the UK, Walkers recently featured farmers in<span> </span><a href="https://creative.salon/articles/work/vccp-walkers-we-love-potatoes-so-you-can-love-walkers">We Love Potatoes commercials</a><span> </span>and in Brazil, Lay’s showcased the farmers who grow potatoes for the brand on packs.</p>
</div>
<div class="wef-zw4tnc">
<p>PepsiCo is not the only company making these connections for consumers. The power of the FMC for Food is that we can help catalyze impact by encouraging more companies to take similar actions. By building demand, we can give farmers the market confidence to transition and enable the additional support (e.g., transition financing) needed to further the transformation of our food systems.</p>
</div>
<div class="wef-hwdz70">
<div class="chakra-aspect-ratio wef-nhku7c">
<div class=" wef-v2kfba cookieconsent-optin-marketing"><iframe width="100%" height="100%" data-cookieconsent="marketing" frameborder="0" class=" cookieconsent-optin-marketing" src="https://www.youtube.com/embed/lchenVgD8-M?enablejsapi=1&amp;wmode=transparent"></iframe></div>
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<h2 class="chakra-heading wef-jbq6c6"><b>How others can follow suit</b></h2>
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<p>We are just at the beginning; as we see more partnerships forming to reshape food systems sustainably, FMC for Food will continue to champion sustainable procurement. What’s special about FMC for Food is that it’s about coming together to rethink how we procure and buy in a different way so we can help enable this transition through the power of an aggregated market demand.</p>
</div>
<div class="wef-zw4tnc">
<p>The FMC for Food will be convening stakeholders at a regional level in China at the Annual Meeting of the New Champions in June. The coalition will also gather in New York, USA at the Sustainable Development Impact Meetings in September, and B20 in Brazil in October, to focus on exchanging knowledge about procurement and cross-commodity challenges such as the regeneration of agricultural landscapes.</p>
</div>
<div class="wef-zw4tnc">
<p>Together, we can help drive a global shift towards net-zero food production and procurement and, at the same time, build a brighter future for our farmers. Sustainable food systems can change the story of agriculture in climate change.</p>
</div>
<div class="wef-zw4tnc">
<p><i>PepsiCo’s latest progress on scaling regenerative and sustainable agriculture can be reviewed in<span> </span><a href="https://urldefense.com/v3/__https:/www.pepsico.com/our-impact/sustainability/esg-summary__;!!Im8kQaqBCw!sYYlgDa-fKjHyqjOtVlrPZ6vBJ-09SPWMLQjVkxHlylQLjYDM-Fq8RPe4s6D7ikl24nFyTSjG64X8fTZcU-asybo5hF_Vw$" target="_blank" rel="noopener">its 2023 ESG Summary</a>.</i></p>
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<title>Connecting nature, climate and the economy to create global sustainability solutions</title>
<link>https://sdgtalks.ai/connecting-nature-climate-and-the-economy-to-create-global-sustainability-solutions</link>
<guid>https://sdgtalks.ai/connecting-nature-climate-and-the-economy-to-create-global-sustainability-solutions</guid>
<description><![CDATA[ The link between climate change and biodiversity loss is crucial but still under-prioritized by businesses and policymakers. Protecting and restoring nature is essential to achieving climate goals, as ecosystems like forests and oceans act as vital carbon sinks. Businesses are increasingly adopting nature-positive strategies that restore ecosystems and assess their impacts on nature, creating economic opportunities and jobs. The upcoming COP16 and other UN events offer a chance to accelerate action, showing that a net-zero and nature-positive future can go hand in hand. ]]></description>
<enclosure url="https://assets.weforum.org/article/image/large_WL44TTFy1dz1rYh_rqFWTG-wDfx-X4QsvbtfSjSxOac.jpg" length="49398" type="image/jpeg"/>
<pubDate>Sun, 08 Dec 2024 18:40:45 -0500</pubDate>
<dc:creator>Aneurin Toomey 1</dc:creator>
<media:keywords></media:keywords>
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<li class="wef-9heu1b"><span>The complex interrelationships between climate and nature are recognized by scientists but are still being insufficiently prioritized by policymakers and businesses.</span></li>
<li class="wef-9heu1b"><span>With the right strategies, prioritizing nature and climate can be compatible with economic growth and value creation.</span></li>
<li class="wef-9heu1b"><span>This coming season of UN Conference of the Parties (COP) meetings and other sustainable development gatherings offers an unprecedented opportunity to accelerate integrated action for nature, climate and land.<br></span></li>
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<p>Nature is the colour of our lives, encompassing all that exists in the natural world: our ecosystems, natural resources, countless flora, microbes and species that dwell everywhere – from the highest mountaintops to the bottom of the ocean. This variety of life in nature, or biodiversity, makes up the genes and DNA of our planet.</p>
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<p>But nature is more than a beautiful backdrop to our lives. Businesses also rely on healthy natural systems –<span> </span><a href="https://www3.weforum.org/docs/WEF_New_Nature_Economy_Report_2020.pdf">$44 trillion of economic value generation</a><span> </span>is currently at risk from nature loss due to moderate or high dependence on nature and its services. The World Economic Forum’s<span> </span><a href="https://www.weforum.org/publications/global-risks-report-2024/">Global Risks Report 2024</a><span> </span>warns that environmental risks make up half of the top 10 global risks over the next decade, with extreme weather events, critical changes to Earth systems and biodiversity loss or ecosystem collapse ranked as the top three.</p>
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<p>While many scientists focus their work on creating Earth-systems-based frameworks that show the complex and tight interrelationships between climate and nature, this nexus is still insufficiently prioritized in the policy and business arenas.</p>
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<div class=" wef-pg3isv cookieconsent-optin-marketing">The most recent Intergovernmental Panel on Climate Change (IPCC) report was the latest to <a href="https://www.ipcc.ch/report/ar6/syr/">confirm the critical role</a> that the protection and restoration of nature play in achieving the goal of limiting global heating to 1.5C degrees. The report highlights that halting the destruction of intact ecosystems – forests in particular – constitutes the third most impactful climate solution we have at hand today, right after wind and solar energy.</div>
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<p>In fact, the relationship between biodiversity and climate is at play across all of the impacts and dependencies that economic activities have on nature. Land and ocean overuse are among the largest drivers of biodiversity loss and also heavily contribute to carbon emissions. Tropical deforestation in commodity supply chains continues to exacerbate climate-related hazards. And while greenhouse gas emissions lead to record temperature rises, their effects also contribute to ecosystem degradation and further weakens the planet’s ability to cope with emissions and temperature rises.</p>
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<p>We will not reach the goals of the Paris Agreement without halting and reversing nature loss. So, it is critical to position the nature-positive transition firmly alongside net-zero strategic pathways.</p>
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<h2 class="chakra-heading wef-jbq6c6"><b>Protecting and restoring nature under the Paris Agreement</b></h2>
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<p>The ocean and land have absorbed more than half of the world’s carbon emissions over the past decade, according to the IPCC. But Earth systems science suggests that their capacity to continue acting as a buffer is in jeopardy. As we breach multiple planetary tipping points, large, accelerating and often irreversible changes are affecting the global climate system. More than just altering the Earth's ecosystems and the biodiversity they contain, climate change directly risks increasing<span> </span><a href="https://iucn.org/resources/issues-brief/species-and-climate-change#:~:text=Climate%20change%20currently%20affects%20at,direct%20result%20of%20climate%20change.">species extinction</a><span> </span>increasing with every degree of warming. The difference between a 2 and 4°C temperature rise, for example, could risk the<span> </span><a href="https://iucn.org/resources/issues-brief/species-and-climate-change#:~:text=Climate%20change%20currently%20affects%20at,direct%20result%20of%20climate%20change.">survival of coral reefs.</a></p>
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<p>There is a silver lining, however. Both terrestrial and ocean environments have an incredible ability to recover, benefiting both nature and climate. And the current<span> </span><a href="https://www.decadeonrestoration.org/">UN Decade on Ecosystem Restoration</a><span> </span>is mobilizing stakeholders to protect and revive ecosystems around the world to achieve global goals, including counteracting climate change.</p>
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<p>For example, mangroves are coastal systems that provide critical habitats for species and flood protection worth<span> </span><a href="https://www.nature.com/articles/s41598-020-61136-6">$65 billion annually</a>. They are also considered carbon champions – protecting even 1% mangroves from degradation and land loss could secure<span> </span><a href="https://www.wetlands.org/publication/the-state-of-the-worlds-mangroves-2022/">200 million tonnes</a><span> </span>of stored carbon. On land, large-scale restoration and afforestation efforts, coupled with the expansion of non-forest carbon sinks, have<span> </span><a href="https://www.cifor-icraf.org/press/press-release/groundbreaking-study-tracks-global-forest-carbon-sink-over-three-decades/">expanded the global terrestrial carbon sink</a>.</p>
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<p>Focusing on nature and biodiversity restoration is the best long-term plan for building a sustainable climate and resilient socio-economic systems. However, this will require moving from a carbon-only approach to a more systemic understanding of the nature-related dependencies, risks and opportunities that affect business.</p>
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<h2 class="chakra-heading wef-jbq6c6"><b>A nature-positive net-zero transition</b></h2>
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<p>In this context, more businesses are developing<span> </span><a href="https://nowfornature.org/">nature-positive business strategies</a>. This typically includes assessing impacts and dependencies on nature across the value chain and implementing policies that actively restore and enhance natural ecosystems as part of business operations. Furthermore, ahead of this year’s Convention on Biodiversity (COP16) in October, more than 180 companies and financial institutions<span> </span><a href="https://www.businessfornature.org/business-statement">are calling for renewed policy ambition</a><span> </span>to implement the global<span> </span><a href="https://www.cbd.int/gbf">Biodiversity Plan</a>.</p>
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<p>To accelerate these transitions and show that alternative pathways are possible, the World Economic Forum is convening business leaders and others through its<span> </span><a href="https://initiatives.weforum.org/alliance-of-ceo-climate-leaders/home">Alliance of CEO Climate Leaders</a>,<span> </span><a href="https://initiatives.weforum.org/ceos-for-nature/home">CEOs for Nature</a>,<span> </span><a href="https://initiatives.weforum.org/champions-for-nature/home">Champions for Nature</a><span> </span>and<span> </span><a href="https://www.weforum.org/friends-of-ocean-action/">Friends of Ocean Action</a>. These leaders will be tackling the biodiversity and climate crises by developing their own nature strategies alongside their plans for the net-zero transition. The World Economic Forum is also developing series of<span> </span><a href="https://initiatives.weforum.org/sector-transitions-to-nature-positive/home">sector-specific priority actions</a><span> </span>to help companies transform their operations and value chains.</p>
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<p>As well as helping the planet, businesses that seize these opportunities could boost their resilience, create long-term value and strengthen their climate and sustainability goals. Between 2019 and 2022, the Alliance of CEO Climate Leaders<span> </span><a href="https://www.weforum.org/press/2024/09/world-s-leading-ceo-climate-alliance-slashes-emissions-by-10-while-achieving-18-revenue-growth-in-three-years">reduced its aggregate emissions by 10%</a>, while increasing revenues by 18% in the same period. More generally, nature-positive transitions are expected to create<span> </span><a href="https://www.weforum.org/publications/new-nature-economy-report-ii-the-future-of-nature-and-business/">395 million jobs by 2030</a>, with some<span> </span><a href="https://www.deloitte.com/gh/en/issues/climate/work-toward-net-zero.html">300 million additional “green collar jobs”</a><span> </span>emerging under rapid and coordinated decarbonization efforts on the road to net zero.</p>
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<h2 class="chakra-heading wef-jbq6c6">Aligning net-zero and nature-positive strategies</h2>
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<p>With the right strategies in place, prioritizing nature and climate can be compatible with economic growth and value creation.<b><span> </span></b>In the coming months, the UN COPs and other gatherings such as the<span> </span><a href="https://www.weforum.org/events/sustainable-development-impact-meetings-2024/">Sustainable Development Impact Meetings</a><span> </span>will provide an opportunity to develop an integrated approach to creating strategies for protecting nature and climate across business and policy decision-making.</p>
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<p>Only with joined up strategies, policies, language and engagement – and a unified vision of the future – can we successfully overcome the crises of biodiversity loss and climate change. The future is net-zero and nature-positive, it cannot be one without being the other. We are an intrinsic part of nature and we cannot survive, let alone stay cool, without it.</p>
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<title>Circularity in energy&#45;efficiency retrofits: Why it’s time to act</title>
<link>https://sdgtalks.ai/circularity-in-energy-efficiency-retrofits-why-its-time-to-act</link>
<guid>https://sdgtalks.ai/circularity-in-energy-efficiency-retrofits-why-its-time-to-act</guid>
<description><![CDATA[ The energy-efficiency retrofit market is poised to grow significantly, reaching $3.9 trillion by 2050. To maximize sustainability, circular economy principles—such as reusing materials, offering retrofit services, and increasing product transparency—are crucial. These practices can reduce waste, lower carbon emissions, and help materials manufacturers capture value in the expanding market. Stable regulation is key to unlocking the full potential of circular retrofitting. ]]></description>
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<pubDate>Sun, 08 Dec 2024 18:37:44 -0500</pubDate>
<dc:creator>Aneurin Toomey 1</dc:creator>
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<li class="wef-9heu1b"><span>The energy-efficiency retrofit market is expected to grow by 8% year over year from 2024 to 2050, from $500 billion to $3.9 trillion.</span></li>
<li class="wef-9heu1b"><span>The built environment ecosystem must recirculate materials and reduce virgin material extraction before this extensive wave of energy-efficiency retrofits.</span></li>
<li class="wef-9heu1b"><span>There are four circular ecosystem actions that materials and parts manufacturers can take to capture more value in this growing market.</span></li>
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<p>The built environment consists of buildings and infrastructure that touch all aspects of human life—from our houses and apartments to the commercial and industrial spaces where we work, shop, and socialize. This ecosystem accounts for<span> </span><a href="https://www.mckinsey.com/industries/engineering-construction-and-building-materials/our-insights/building-circular-maximizing-co2-abatement-and-business-opportunities">around 26%</a><span> </span>of global greenhouse gas (GHG) emissions.</p>
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<p>Energy-efficiency retrofitting – also called upgrading or renovating – can reduce these GHG emissions and enhance climate resilience to mitigate the impact of extreme weather events on these structures. It involves upgrading existing assets to improve operational energy efficiency, extend useful life, reduce embodied carbon emissions and ensure regulatory compliance.</p>
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<p>Retrofitting can also reduce the total cost of ownership and shorten construction times compared to new construction.</p>
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<div class=" wef-pg3isv cookieconsent-optin-marketing">Unsurprisingly, then, the energy-efficiency retrofit market is expected to grow by 8% year over year between 2024 and 2050, increasing from a $500 billion to a $3.9 trillion market, according to an analysis by McKinsey*. This analysis includes heating, ventilation, and cooling systems, external envelopes (roofing, insulation, windows, doors, and cladding), lighting, and appliances. More substantial retrofits address structural and civil elements but aren’t included in this analysis.</div>
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<div data-group="true" class="wef-f63sio"><span class="wef-0">Renovation targets to meet net zero will drive market uptake for energy-efficiency retrofits.</span><span class="wef-0">Image: McKinsey, IEA, European Commission, UN Global Alliance for Buildings and Construction, market reports</span></div>
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<p>That said, energy-efficiency retrofitting may use virgin raw materials (resources extracted directly from nature without processing) and often presents a waste challenge because existing materials, which may still have a functional lifespan, are removed.</p>
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<p>This is where<span> </span><a href="https://www.mckinsey.com/featured-insights/world-economic-forum/knowledge-collaborations/circularity-in-the-built-environment">circularity</a><span> </span>– optimizing resources and minimizing waste during production and consumption – can help by creating a closed-loop system.</p>
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<h2 class="chakra-heading wef-jbq6c6">What materials are required by the growing energy-efficiency retrofit market?</h2>
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<p>To achieve net zero, renovation rates must increase to approximately<span> </span><a href="https://www.iea.org/reports/net-zero-by-2050">3% to retrofit 20% of existing assets</a><span> </span>by 2030. This means that from 2023 to 2050, tens of billions of tonnes of materials will be required for energy-efficiency retrofits. These materials include plastic, mineral wool, glass, aluminium, flat steel and concrete, for example, according to the McKinsey analysis*.</p>
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<p>Recent examples, such as the<span> </span><a href="https://www.cisl.cam.ac.uk/files/entopia_case_study_12_12_22.pdf" target="_blank" rel="noopener">Entopia Building</a><span> </span>in Cambridge, UK, show the benefits of circular retrofit principles and the reuse of material on-site. Over 5,000 items were diverted from landfills during its construction, and approximately 3.8 tonnes of steel sections were reused, saving 2,000 kilograms of carbon dioxide equivalent. Overall, 84% of carbon was saved per square metre compared with a standard office fitout.</p>
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<h2 class="chakra-heading wef-jbq6c6">How can the energy-efficiency retrofit industry create a circular value chain?</h2>
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<p>The anticipated savings of energy-efficiency retrofitting cannot be realized unless the industry creates<span> </span><a href="https://www.mckinsey.com/featured-insights/world-economic-forum/knowledge-collaborations/circularity-in-the-built-environment">a circular value chain</a>. There are seven key parts of the retrofit value chain that can capture value from the move to circularity:</p>
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<div class="wef-143y33g"><span class="wef-0">How materials and parts manufacturers can capture more value as the energy-efficiency retrofit market grows.</span><span class="wef-0">Image:<span> </span>McKinsey &amp; Company</span></div>
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<p>Today, materials and parts manufacturers generate revenue by selling materials to upgraders and renovators, with the cost of goods driven by virgin raw material costs and substantial energy consumption. With the move to a circular ecosystem, four initial actions could help materials and parts manufacturers capture some of the value of the growing energy-efficiency retrofit market:</p>
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<h3 class="chakra-heading wef-16ykzuh">1. Increase product transparency</h3>
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<p>This includes providing lifecycle information such as Environmental Product Declarations and material passports. Manufacturers could also develop “green parts” with high levels of recycled material or create a dedicated “reuse” parts line to increase revenues.</p>
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<p>Depending on the material, there could be an increased willingness to pay for green materials and parts with full lifecycle information that allows for end-to-end traceability. A recent McKinsey survey, which has not been published, shows that nearly 80% of decision-makers are willing to pay premiums for green glass, for example.</p>
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<h3 class="chakra-heading wef-16ykzuh">2. Create value-add retrofit services for existing customers</h3>
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<p>Incumbent manufacturers can provide retro-first services such as repairing and remedying existing materials to extend their useful life. For example, a cladding material manufacturer could replace a product that does not meet new standards or needs repair with an alternative that uses recirculated material.</p>
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<h3 class="chakra-heading wef-16ykzuh">3. Integrate horizontally across the retrofit value chain</h3>
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<p>Horizontal integration could increase a company's market share. It could include offering both upstream services, such as specification and procurement of circular materials for engineers, and downstream offerings, like specialist installation services. The McKinsey analysis* also shows that some organizations have seen a 10% to 20% uplift in revenue after incorporating a circular offering that includes circular business models and repair, care, and refurbishment services.</p>
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<p>Providing specialized retrofit services can also address pain points in the market, such as a shortage of labour specializing in insulation installation for real estate.</p>
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<h3 class="chakra-heading wef-16ykzuh">4. Set up take-back mechanisms</h3>
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<p>Collaborations with other retrofit materials and parts manufacturers can help reduce virgin materials costs and secure circular feedstock material. Such arrangements often involve urban mining and reverse logistics, such as aluminium and glass organizations partnering to deconstruct and extract valuable materials from building façades.</p>
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<p>This creates closed material loops. It reduces costs, environmental impact and reliance on virgin materials.</p>
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<p>Circularity in energy-efficiency retrofitting is not just about financial value. Implementing these actions can also create environmental value via less reliance on virgin materials and lower energy costs. It creates social value, too, in the form of new jobs and reduces the impact of heavy industry on communities.</p>
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<p>The key to all of this will be regulation and stability. Circularity in retrofitting represents a significant opportunity for the built environment, but industry players must be able to take action now to seize this opportunity.</p>
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<title>Balancing growth and biodiversity: Why we need policy coherance on nature&#45;based solutions</title>
<link>https://sdgtalks.ai/balancing-growth-and-biodiversity-why-we-need-policy-coherance-on-nature-based-solutions</link>
<guid>https://sdgtalks.ai/balancing-growth-and-biodiversity-why-we-need-policy-coherance-on-nature-based-solutions</guid>
<description><![CDATA[ Biodiversity loss continues despite the 2022 UN Biodiversity Plan, with governments revising strategies ahead of COP16 in Colombia. Conflicts arise between infrastructure development and conservation. Effective policy coherence is crucial, integrating biodiversity into economic, climate, and development policies. Nature-based solutions offer benefits but face short-term barriers. Strengthening coordination across governments, businesses, and civil society is key to meeting global biodiversity targets by 2030. ]]></description>
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<pubDate>Sun, 08 Dec 2024 18:21:38 -0500</pubDate>
<dc:creator>Aneurin Toomey 1</dc:creator>
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<content:encoded><![CDATA[<div class="wef-1anm32a">
<ul role="list" class="wef-1cws6pr">
<li class="wef-9heu1b"><span>Two years after the landmark UN Biodiversity Plan was adopted in 2022, biodiversity loss continues unabated on an unprecedented scale.</span></li>
<li class="wef-9heu1b"><span>Governments are revising their national biodiversity strategies and action plans as the 16th UN Biodiversity Conference (COP16) in Colombia approaches, providing opportunities to take a whole-of-government approach.</span></li>
<li class="wef-9heu1b"><span>Effective implementation of biodiversity commitments requires coherent policies and a connection between biodiversity commitments and green jobs, climate transition, sustainable production, plastics and more.</span></li>
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<p>It is a recurring dilemma: airports are crucial infrastructure for cities, regions, and entire economies. As air travel grows and flight safety demands increase, expanding airports seems inevitable. However, the land surrounding airfields often support vital ecosystems. These areas may provide nesting grounds for birds, breeding habitats for marine life or wetlands that play a key role in natural processes such as water filtration or flood protection.</p>
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<p>Biodiversity is often at the heart of this conflict. Most agree that biodiversity, as our life support system, is essential, yet it is under immense pressure from land development, pollution, overexploitation and such activities. Immediate needs, such as housing, infrastructure development and agriculture, frequently lead to biodiversity loss and the degradation of ecosystem services.</p>
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<p>For example, urban expansion converts natural landscapes into built environments, while agricultural and aquaculture intensification can pollute surrounding areas. The global cost of lost ecosystem services due to land use changes is estimated to be<span> </span><a target="_blank" href="https://www.sciencedirect.com/science/article/abs/pii/S0959378014000685" rel="noopener">$4.3-20.2 trillion</a><span> </span>per year. The decline in genetic diversity also has profound effects, with<span> </span><a target="_blank" href="https://pubs.acs.org/doi/10.1021/acs.jnatprod.5b01055" rel="noopener">70% of cancer drugs</a><span> </span>derived from natural sources or inspired by nature.</p>
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<p>We need smart solutions to address these conflicts. Coherent policies and laws are critical to guiding decision-making that benefits people, nature and economies.</p>
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<h2 class="chakra-heading wef-jbq6c6"><strong>Conflicting policies<span> </span></strong>undermine biodiversity commitments</h2>
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<p>Over 150 national constitutions have provisions for safeguarding nature, and almost all countries have adopted environmental laws. India, Bolivia, Ecuador, and Panama are among the countries with constitutions that give nature its rights, while others, such as New Zealand, have such rights in national legislation.</p>
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<p>But the world is losing biodiversity faster than ever, weakening people’s ability to thrive. This loss impacts our societies, economies and our ability to handle extreme weather events such as floods and droughts, which have become<span> </span><a target="_blank" href="https://wmo.int/topics/extreme-weather#:~:text=The%20number%20of%20disasters%20has,extreme%20weather%20and%20improved%20reporting." rel="noopener">five times more frequent</a><span> </span>in the last 50 years. It also reduces our capacity to respond to climate change.</p>
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<p>However, investing in biodiversity conservation and restoring ecosystems can open up economic opportunities, improve human and planetary health, reduce the cost of adapting to climate change and provide<span> </span><a href="https://iucn.org/our-work/nature-based-solutions#:~:text=Nature%2Dbased%20Solutions%20address%20societal,nature%20at%20the%20same%20time">nature-based solutions</a><span> </span>to many of our challenges.</p>
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<p>There should be no question. However, conflicting interests and short-term thinking often prevent us from fully utilizing nature-based solutions, such as creating green spaces to reduce urban heat.</p>
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<p>With initiatives like Business For Nature’s “It’s Now for Nature”<span> </span><a target="_blank" href="https://nowfornature.org/" rel="noopener">campaign</a><span> </span>and the<span> </span><a href="https://tnfd.global/engage/tnfd-adopters/become-a-tnfd-adopter/">TNFD Early Adopters programme</a>, businesses are stepping up their efforts to protect biodiversity. Governments are also investing more in biodiversity and multilateral banks are exploring new ways to fund nature-based projects. However, the repurposing of subsidies harmful to biodiversity remains largely unaddressed.</p>
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<p>The<span> </span><a href="https://www.wto.org/english/tratop_e/rulesneg_e/fish_e/fish_e.htm#:~:text=The%20WTO%20Agreement%20on%20Fisheries,of%20the%20world's%20fish%20stocks.">WTO Agreement on Fisheries Subsidies</a><span> </span>– adopted on 17 June 2022 – is a promising exception. It prohibits, among other things, subsidies that contribute to overfishing. While countries have been slow to ratify this agreement, it can inspire efforts to repurpose subsidies in other areas, notably agriculture.</p>
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<h2 class="chakra-heading wef-jbq6c6"><strong>Approaches for solving the policy coherence conundrum</strong></h2>
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<p>We need more coherence between global, regional and national biodiversity, agriculture, trade, development and other economic policies. To strengthen policy coherence, we need integrated policy frameworks and interministerial coordination led by the highest level of government to weigh different interests, taking long-term effects into account.</p>
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<p>Engaging the private sector and civil society early on in these consultation processes will help address conflicts at the outset. An example is<span> </span><a href="https://www.greenplan.gov.sg/">Singapore’s Green Plan 2030</a>, which combines optimizing land use with green building standards and creating more green open spaces, such as rooftop gardens and biodiversity-rich nature parks.</p>
</div>
<div class="wef-zw4tnc">
<p>Another example of businesses leading the way on policy coherence is the<span> </span><a target="_blank" href="https://www.globaltunaalliance.com/about/" rel="noopener">Global Tuna Alliance</a>. This alliance of independent coalitions of retailers and supply chain companies works closely with regional fisheries management organizations to ensure that their tuna meets the highest standards of environmental performance and social responsibility.</p>
</div>
<div class="wef-1bs0642">
<div class="wef-b02hk9"><span class="wef-1lscevy">“</span>
<p><em>To strengthen policy coherence, we need integrated policy frameworks and interministerial coordination led by the highest level of government to weigh different interests, taking long-term effects into account.</em></p>
<span class="wef-1pogwje">”</span></div>
<cite class="chakra-text wef-csl49v"><span>—</span><span> </span>Andreas Obrecht, Lead Policy, Nature Action Agenda, World Economic Forum | Akanksha Khatri, Head, Nature and Biodiversity, Nature Positive</cite></div>
<div class="wef-1qmtbdn">
<h2 class="chakra-heading wef-jbq6c6"><strong>Reflecting policy coherence in commitments and action</strong></h2>
</div>
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<p>The focus of<span> </span><a href="https://www.cbd.int/conferences/2024">COP16</a><span> </span>in Cali, Colombia, from 21 October to 1 November 2024, is to review progress towards implementing the<span> </span><a href="https://www.cbd.int/gbf">Biodiversity Plan</a><span> </span>(otherwise known as the Kunming-Montréal Global Biodiversity Framework). Achieving the 23 global biodiversity targets will largely depend on coherent and effective national policies and the level of alignment with the Plan.</p>
</div>
<div class="wef-zw4tnc">
<p>Governments are setting their<span> </span><a target="_blank" href="https://www.cbd.int/nbsap/targets" rel="noopener">national biodiversity targets</a><span> </span>and revising their national biodiversity strategies and action plans. This is an opportunity to strengthen policies, incentives and legislation that will drive the necessary action to halt and reverse nature loss by 2030, as called for by the Business for Nature coalition in its<span> </span><a target="_blank" href="https://www.businessfornature.org/policy-recommendations" rel="noopener">policy recommendations</a>.</p>
</div>
<div class="wef-zw4tnc">
<p>It is also an opportunity to align biodiversity policies with and integrate biodiversity in other policy areas. One obvious step would be reconciling national biodiversity strategies and action plans with the nationally determined contributions – commitments required under the<span> </span><a href="https://unfccc.int/process-and-meetings/the-paris-agreement">Paris Agreement on Climate Change</a><span> </span>– as climate change and biodiversity are closely interconnected.</p>
</div>
<div class="wef-zw4tnc">
<p>The World Economic Forum looks forward to working with committed actors to convene dialogues and conduct economic and policy research to advance this conversation.</p>
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<title>For manufacturers, the circular economy strengthens supply chains. Here&amp;apos;s how</title>
<link>https://sdgtalks.ai/for-manufacturers-the-circular-economy-strengthens-supply-chains-heres-how</link>
<guid>https://sdgtalks.ai/for-manufacturers-the-circular-economy-strengthens-supply-chains-heres-how</guid>
<description><![CDATA[ To build resilient supply chains, integrating circular economy principles like recycling, remanufacturing, and repair is key. This approach reduces reliance on scarce resources, cuts emissions, and supports local production. Despite challenges, adopting circular practices offers long-term sustainability, efficiency, and competitive advantage. ]]></description>
<enclosure url="https://assets.weforum.org/article/image/responsive_big_webp_yYROfTV1w7rjYlTrxlAJSezMycbTbveam-lnHgjauzI.webp" length="49398" type="image/jpeg"/>
<pubDate>Sun, 08 Dec 2024 18:13:11 -0500</pubDate>
<dc:creator>Aneurin Toomey 1</dc:creator>
<media:keywords></media:keywords>
<content:encoded><![CDATA[<div class="wef-zw4tnc">
<p>In an era defined by globalization and the pursuit of efficiency, supply chains have become essential yet<span> </span><a href="https://www.mckinsey.com/~/media/mckinsey/industries/semiconductors/our%20insights/semiconductor%20shortage%20how%20the%20automotive%20industry%20can%20succeed/semiconductor-shortage-how-the-automotive-industry-can-succeed.pdf">vulnerable networks</a><span> </span>within the global economy.</p>
</div>
<div class="wef-zw4tnc">
<p>This vulnerability, exacerbated by geopolitical tensions, environmental challenges and trade conflicts, underscores the critical need for resilience — not just for risk mitigation but as a strategic imperative that can serve as a competitive advantage in an uncertain world.</p>
</div>
<div class="wef-zw4tnc">
<p>Integrating circular economy principles offers a solution. Circular economy principles bolster sustainability and transform these vulnerabilities into strengths. Circular economy principles help supply chains adapt to and maintain operations amidst unforeseen disruptions, fostering sustainable growth and resilience in an interconnected world.</p>
</div>
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<h2 class="chakra-heading wef-jbq6c6">The circular economy can strengthen supply chains</h2>
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<p><a href="https://www.weforum.org/agenda/circular-economy/">The circular economy</a><span> </span>represents a paradigm shift from the traditional linear model of "take-make-dispose" to a regenerative approach that emphasizes the restoration and regeneration of products, materials and energy. It<span> </span><a href="https://www.weforum.org/agenda/2024/02/why-businesses-must-embrace-the-circular-economy-for-a-more-sustainable-future/">challenges conventional metrics of value creation</a><span> </span>and encourages manufacturers to design products and business models with durability, repairability and recyclability in mind.</p>
</div>
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<p>Through recycling, part harvesting and remanufacturing, repair, refurbishment and<span> </span><a href="https://www.weforum.org/impact/strengthening-trust-in-second-hand-markets/">recommerce</a><span> </span>circular economy principles can reduce dependency on scarce resources and component suppliers, building adaptable and resilient supply chains.</p>
</div>
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<p>For manufacturers, this means ensuring parts and materials within their control<span> </span><i>never unintentionally exit their sphere of influence</i>. By retaining control over the lifecycle of products, materials and components, manufacturers can prevent resource loss, ensure efficient reuse, enable capitalization of circular practices and reduce their environmental impact.</p>
</div>
<div class="wef-ha4kjk">
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<div class="wef-0"><img alt="The 5 Rs of the circular economy — recycling, remanufacturing, repair, refurbishment and recommerce — bolster supply chain resilience." src="https://assets.weforum.org/editor/v0TydkUtzt9c7n6s3XiIsnTUD-TKvT6wMVQ8h8E7A2o.png" loading="lazy" class="chakra-image wef-gbfd2a" sizes="100vw" pinger-seen="true"></div>
</div>
<span class="wef-0">The 5 Rs of the circular economy: recycling, remanufacturing, repair, refurbishment and recommerce.</span><span class="wef-0">Image:<span> </span>DXC Technology</span></div>
<div class="wef-zw4tnc">
<p>By prioritizing the management and recovery of materials and components, manufacturers can maintain a degree of control over their resources, ensuring that materials remain in use and within their control for as long as possible. This approach not only helps to decouple economic growth from resource consumption but also fosters a more sustainable and resilient supply chain.</p>
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<p>The circular approach compels manufacturers to consider the end-of-life stage of their products, facilitating a smoother transition of materials back into the supply chain, thereby conserving value and reducing environmental impact.</p>
</div>
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<div class="gtm-snippet wef-g0ovqs" data-gtm-section="What is a circular economy?">
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<div class="wef-9hgufg">
<div class="wef-79elbk"><span class="chakra-badge wef-zfxtdg">Discover</span>
<p class="chakra-text wef-1tx9got"><span class="chakra-text wef-514cn4">What is a circular economy?</span></p>
<button type="button" class="chakra-button wef-172bq7a"></button><button type="button" class="chakra-button wef-172bq7a">Show more<span class="chakra-button__icon wef-1hzyiq5"></span></button>
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<div class="wef-1fd9o79"><b>Circular strategies for localized production</b></div>
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<p>Incorporating circular economy principles aligns with<span> </span><a href="https://www.whitehouse.gov/briefing-room/statements-releases/2022/08/09/fact-sheet-chips-and-science-act-will-lower-costs-create-jobs-strengthen-supply-chains-and-counter-china/">growing political pressures to develop local production capabilities</a>. This movement towards localization is driven by the desire for economic resilience, job creation and reduced dependencies on global supply chains.</p>
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<p>The circular economy fosters the development of local circular service provider markets by encouraging the design of products for longevity, repairability and recyclability. This approach supports local businesses and encourages the growth of repair services, remanufacturing facilities and recycling centers. By investing in local ecosystems that support the circular economy, regions can reduce their reliance on imported goods and materials, leading to more resilient local economies.</p>
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<p>Governments around the world are<span> </span><a href="https://www.linkedin.com/pulse/digitizing-compliance-unpacking-circular-economy-digital-jensen-3x7ae/">beginning to implement measures</a><span> </span>to encourage businesses to adopt these practices. This includes incentives for sustainable product design, support for local recycling and remanufacturing industries and regulations that favour the use of recycled materials in new products.</p>
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<p>This focus on creating local circular product and service markets provides a strategic response to supply chain vulnerabilities, fostering economic resilience, reducing environmental impacts and supporting the transition to more sustainable and self-sufficient local economies.</p>
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<h2 class="chakra-heading wef-jbq6c6">Overcoming circular economy barriers</h2>
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<p>Companies looking to integrate circular economy principles into their operations must navigate a complex landscape of regulatory, market and financial hurdles.</p>
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<h3 class="chakra-heading wef-16ykzuh">Navigating regulatory hurdles</h3>
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<p>Regulations regarding waste, product standards and cross-border movement of materials can inadvertently hinder recycling and remanufacturing efforts. For instance, certain materials classified as “waste” under current legislation<span> </span><a href="https://www.epa.gov/hw/regulatory-exclusions-and-alternative-standards-recycling-materials-solid-wastes-and-hazardous">may face strict controls or prohibitions</a><span> </span>on their reuse or transport, even for recycling or remanufacturing purposes.</p>
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<h3 class="chakra-heading wef-16ykzuh">Building market acceptance</h3>
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<p>Consumers and business customers alike may have<span> </span><a href="https://www.popsci.com/environment/recycled-product-concerns-sustainability/">reservations about products</a><span> </span>made from recycled materials or remanufactured products, perceiving them as inferior to new ones. Overcoming this perception requires substantial efforts in education and communication to demonstrate the benefits of circular products.</p>
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<h3 class="chakra-heading wef-16ykzuh">Addressing cost implications</h3>
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<p>The initial costs associated with transitioning to circular economy models can be prohibitive. Investing in the necessary infrastructure for recycling, remanufacturing or setting up product-as-a-service models requires upfront capital. Additionally, the operational costs of collecting, sorting and processing used products and materials can be higher than sourcing new materials, at least in the short term.</p>
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<h3 class="chakra-heading wef-16ykzuh">Fostering mindset shifts</h3>
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<p>Transitioning to a circular economy requires overcoming entrenched resistance at multiple levels. Internally, organizations may face inertia from established linear processes, with the prevailing “<i>this is how we've always done it</i>” mentality posing a significant barrier to change.</p>
</div>
<div class="wef-zw4tnc">
<p>Upstream in the supply chain, the shift can disrupt the value propositions of some players, leading to resistance from those who stand to lose from the transition away from linear models. While downstream, altering customer habits and preferences to align with circular practices requires concerted effort and engagement, as it challenges traditional behaviour patterns.</p>
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<h3 class="chakra-heading wef-16ykzuh">Building a market for services</h3>
</div>
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<p>Building a market for circular service providers requires creating demand for such services and ensuring a supply chain that supports the repair, refurbishment and recycling of products. Establishing this market requires overcoming consumer skepticism, adapting existing business models and fostering partnerships across industries.</p>
</div>
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<h3 class="chakra-heading wef-16ykzuh">Navigating the parts and recycling market</h3>
</div>
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<p>Establishing a competitive market for part harvesting and material recycling is crucial. Relying on single entities for these phases can undermine resilience. It is essential to cultivate a diverse ecosystem of partners to ensure flexibility and reliability in supply chain recovery processes.</p>
</div>
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<h3 class="chakra-heading wef-16ykzuh">Digitization's investment requirements</h3>
</div>
<div class="wef-zw4tnc">
<p><a href="https://www.linkedin.com/pulse/sustainable-manufacturing-intelligence-framework-synthesis-jensen-z3pwe/">Digitizing the circular economy</a><span> </span>presents challenges such as integrating technology into traditional systems, ensuring data security and managing the complexity of tracking products and materials across their lifecycle. Effective digitization requires substantial investment in technology and skills development.</p>
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<h2 class="chakra-heading wef-jbq6c6">Manufacturers and the circular economy: the path forward</h2>
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<p>Manufacturers, in embracing circular economy principles, have the opportunity to lead this transformation, building supply chains that are resilient to the shocks and stresses of the global market and sustainable and beneficial for society and the environment.</p>
</div>
<div class="wef-zw4tnc">
<p>The adoption of digital technologies such as Internet of Things, Digital Product Passports and Artificial Intelligence offers potential innovative solutions for manufcaturers, enabling transparent, efficient and adaptable supply chains that can support circular practices.</p>
</div>
<div class="wef-zw4tnc">
<p>The path forward calls for a fundamental reimagining of how products are designed, produced and consumed. To do this, manufacturers should start with a thorough audit of current practices, developing a strategic vision for circularity and implementing pilot projects to test and refine circular initiatives. This is a journey that requires a shift in mindset, from viewing waste and end-of-life products as problems to seeing them as opportunities for value creation and innovation.</p>
</div>
<div class="wef-zw4tnc">
<p>Overcoming this resistance requires persistence, leadership and a clear vision for the future — a future where circular economy principles are a central pillar of supply chain strategy. For manufacturers willing to lead the way, it offers the promise of a future where business success is aligned with environmental stewardship and societal well-being. The time to start is now.</p>
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<title>Stockholm&amp;apos;s Bold Strides in Sustainable Construction</title>
<link>https://sdgtalks.ai/stockholms-bold-strides-in-sustainable-construction</link>
<guid>https://sdgtalks.ai/stockholms-bold-strides-in-sustainable-construction</guid>
<description><![CDATA[ Stockholm’s Slakthusområdet redevelopment is making significant strides in sustainable construction, aiming for 50% electric machine operation by 2025. Partnering with Volvo CE, Skanska, and Swecon, the project reduces emissions and sets new standards with fossil-free operations, electric machinery, and carbon calculations, supporting Stockholm&#039;s goal of becoming climate-positive by 2030. ]]></description>
<enclosure url="https://assets.bizclikmedia.net/900/eeecd499e58623b647ceaaa9324d5c54:c8fcfa4e82fa292e377c3cdd1e6928aa/fossil-free-worksite-advances-electric-operation-1-2324x1200.webp" length="49398" type="image/jpeg"/>
<pubDate>Sun, 08 Dec 2024 18:11:13 -0500</pubDate>
<dc:creator>Aneurin Toomey 1</dc:creator>
<media:keywords></media:keywords>
<content:encoded><![CDATA[<div class="WidgetWrapper_WidgetWrapper__R4uge">
<div class="Type_m-heading8__NOAVC Type_d-heading5__3G4F0 Type_bold__AXu72">Stockholm's Slakthusområdet achieves 50% electric operation with Volvo, showcasing sustainable construction and significant emissions reductions</div>
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<p>Construction is widely recognised as a challenging industry to decarbonise.</p>
<p>Combined with manufacturing, construction contributes to more than half of the global emissions.</p>
<p>The UN's Environment Programme further identifies construction as the largest source of greenhouse gas emissions worldwide.</p>
<p>However, a transformative project in central Stockholm's Slakthusområdet, a meat-packing area, is making significant strides towards reducing these emissions.</p>
<h2>Slakthusområdet: Revolutionising sustainable construction</h2>
<p>In Stockholm, the Slakthusområdet district is undergoing an ambitious redevelopment that aspires to set new benchmarks in sustainable construction.</p>
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<p>Initially aiming for 10% electric machine operation, the project has escalated its goals and now targets a 50% electric operation.</p>
<p>This initiative increasingly integrates electric machines from Volvo Construction Equipment (Volvo CE).</p>
<p><a data-cke-saved-href="https://energydigital.com/sustainability/volvo-dassault-systemes-ev-innovation" href="https://energydigital.com/sustainability/volvo-dassault-systemes-ev-innovation" rel="noopener noreferrer" target="_blank">Volvo</a> says the project is “a testbed for <a data-cke-saved-href="https://constructiondigital.com/sustainability-green-building/volvo-ce-the-sustainable-construction-equipment-specialist" href="https://constructiondigital.com/sustainability-green-building/volvo-ce-the-sustainable-construction-equipment-specialist" rel="noopener noreferrer" target="_blank">more sustainable construction</a> and demonstrates the enormous and often untapped potential of fossil-free procurement contracts as a driver for change”.</p>
<p>Projected to complete by 2025, the redevelopment has already made notable p,rogress.</p>
<p>By June 2024, just the initial phase had cut down 2,759 tonnes of CO₂ aligning with Stockholm City's wider environmental targets.</p>
<p>The city endeavours to become climate positive by 2030 and fossil-fuel free by 2040.</p>
<p>The project's next phase involves a trio partnership among Volvo CE,<span> </span><a data-cke-saved-href="https://constructiondigital.com/construction-projects/5-green-builds-in-sweden-by-skanska" href="https://constructiondigital.com/construction-projects/5-green-builds-in-sweden-by-skanska" rel="noopener noreferrer" target="_blank">Skanska</a> and Swecon, which introduces carbon calculations at the tender phase, further enhancing the accountability and innovation in sustainable building practices.</p>
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<div class="Type_m-body2__3AsD- Type_d-body3__24mDH Type_medium__2avgC KeyFacts_Title__xZjmj">Key sustainability targets for phase two include:</div>
<ul class="KeyFacts_List__3l4mT">
<li>
<div class="Type_m-heading8__NOAVC Type_d-heading6__3yyan Type_medium__2avgC">100% fossil-fuel free site operations using HVO100 fuel</div>
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<div class="Type_m-heading8__NOAVC Type_d-heading6__3yyan Type_medium__2avgC">Increasing electric operation from 10% to 50%</div>
</li>
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<div class="Type_m-heading8__NOAVC Type_d-heading6__3yyan Type_medium__2avgC">Utilisation of climate-reduced concrete</div>
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<div class="Type_m-heading8__NOAVC Type_d-heading6__3yyan Type_medium__2avgC">Adherence to strict carbon calculation guidelines</div>
</li>
</ul>
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<p>“The first phase showed the effectiveness of electric machines in performing tasks while significantly reducing CO₂ emissions,” Fredrik Tjernström, Head of Electromobility Solutions Sales at Volvo CE, says.</p>
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<div class="Type_m-body2__3AsD- Type_d-body3__24mDH Type_regular__14KuX CaptionedMedia_Caption__3fYkG">Fredrik Tjernström, Head of Electromobility Solutions Sales at Volvo CE</div>
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<p>“This is invaluable for city centre projects to help municipalities meet their emission reduction targets and enhance air quality, as well as reducing noise levels for everyone’s benefit.”</p>
<p>Anna Göransdotter, Project Manager at Skanska, adds: “When municipalities like Stockholm City prioritise carbon reduction in contract awards, it not only sets an inspiring precedent for other regions, but also drives innovation across the construction industry.</p>
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<div class="Type_m-body2__3AsD- Type_d-body3__24mDH Type_regular__14KuX CaptionedMedia_Caption__3fYkG">Anna Göransdotter, Project Manager at Skanska</div>
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<p>“This proactive approach creates a ripple effect throughout the entire value chain, pushing all stakeholders to explore new possibilities and expand the boundaries of what can be achieved in sustainable construction.” </p>
<h2>Electric machinery leading the charge</h2>
<p>Volvo CE pioneers the move towards sustainable building sites by supplying advanced electric machinery for the Slakthusområdet project. The fleet consists of:</p>
<ul>
<li>Two Volvo EC230 Electric crawler excavators</li>
<li>One L120H Electric Conversion wheel loader</li>
<li>Two electric trucks with trailers</li>
<li>Various electric-powered tools for sorting and compaction</li>
</ul>
<p>These machines, affectionately named Electra, Ellen and Elton, receive power from a robust charging infrastructure, courtesy of Eviny.</p>
<p>This setup includes two fast chargers and three battery packs, preparing the site for extensive electric-powered operations.</p>
<h2>Breaking it down: The impact</h2>
<p>The true impact of such pioneering projects stretches beyond emissions figures.</p>
<p>This initiative targets a drastic cut in emissions to below 3.5 tonnes of CO₂ per SEK 1 million (US$92,000) turnover, compared to the typical 11 to 29 tonnes in similar projects.</p>
<p>More regions and sectors watching Stockholm's advancement could spark a broader change, influencing global strategies for urban development and sustainability in construction.</p>
<p>Anders Österberg, Deputy Mayor of Stockholm and Chair of the City Development Committee, says: “In the City of Stockholm, we recognise the vital role we must play in accelerating the transition to fossil-free construction sites.</p>
<p>“The City of Stockholm has a goal of becoming climate positive by 2030. To reach this goal we need to continue to require the use of electrically powered construction vehicles and fossil-free construction sites in our procurement.”</p>
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<title>WSU Scientists Transform Agricultural Waste into Sustainable Jet Fuel</title>
<link>https://sdgtalks.ai/wsu-scientists-transform-agricultural-waste-into-sustainable-jet-fuel</link>
<guid>https://sdgtalks.ai/wsu-scientists-transform-agricultural-waste-into-sustainable-jet-fuel</guid>
<description><![CDATA[ Washington State University researchers have developed a continuous process to convert lignin, an agricultural waste product, into sustainable aviation fuel. This innovation could reduce the aviation industry&#039;s carbon footprint, provide cleaner fuel alternatives, and help meet global sustainability goals by utilizing abundant agricultural byproducts. ]]></description>
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<pubDate>Sun, 08 Dec 2024 18:03:06 -0500</pubDate>
<dc:creator>Aneurin Toomey 1</dc:creator>
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<content:encoded><![CDATA[<h2>Lignin: An Untapped Resource for Sustainable Aviation Fuel</h2>
<p>Lignin is a class of complex structural molecules that give plants their woody characteristics, making them rigid and resistant to degradation. It is derived from agricultural byproducts such as<span> </span><a href="https://www.environmentenergyleader.com/stories/southwest-airlines-advances-sustainability-goals-with-saffire-renewables-acquisition,1081">corn stover</a>—the stalks, cobs, and leaves left after harvest—and is considered a waste product in many agricultural processes.</p>
<p>According to Professor Bin Yang, the lead researcher and a professor in WSU’s Department of Biological Systems Engineering, this development represents a critical step forward in utilizing agricultural waste to create renewable aviation fuel.</p>
<p>The<span> </span><a href="https://www.environmentenergyleader.com/stories/heres-how-jetblue-will-achieve-net-zero-emissions-by-2040,3356">aviation industry</a><span> </span>has significantly contributed to greenhouse gas emissions, consuming nearly 100 billion gallons of fuel in 2019. As global fuel demand is expected to increase by 32% by 2030 and potentially more than double by 2050, the need for alternative fuels is more pressing than ever.</p>
<p>In response, the aviation sector has focused on<a href="https://www.environmentenergyleader.com/stories/aviation-climate-taskforce-and-national-renewable-energy-laboratory-partner-on-sustainable-aviation,957"> sustainable aviation fuels (SAFs)</a><span> </span>derived from renewable resources like<span> </span><a href="https://www.environmentenergyleader.com/stories/two-companies-join-together-to-produce-commercial-quantities-of-saf-from-hemp-biomass,3017">plant-based biomass</a>. However, despite the progress made in biofuels, current technologies still face challenges in meeting the aviation industry’s strict performance and volume requirements.</p>
<p>Lignin, often discarded or underutilized in biorefining processes, presents a promising new pathway for sustainable fuel production. It is produced in large quantities—about 300 million tons annually—and its aromatic structure makes it a viable candidate for jet fuel. However, converting lignin into fuel continuously has been a challenge until now. The WSU team’s research builds on this potential by demonstrating a novel process that could overcome many technical hurdles.</p>
<h2>Innovative Technology: Simultaneous Depolymerization and Hydrodeoxygenation</h2>
<p>The WSU researchers developed "simultaneous depolymerization and hydrodeoxygenation" (SDHDO), which breaks down the lignin polymer into smaller molecules while simultaneously removing oxygen. This process converts lignin into hydrocarbons, which can be used to produce lignin-based jet fuel.</p>
<p>The key innovation in this research is the ability to perform this conversion continuously, making it more feasible for commercial-scale production. The industry prefers Continuous processes because they can operate without interruptions, increasing efficiency and reducing costs.</p>
<p>The research was conducted at WSU’s facility in Richland, Washington, where the scientists introduced dissolved lignin polymers into a hydrotreating reactor to produce jet fuel. This continuous process contrasts with previous research that used batch processing, which is less efficient for large-scale production. The WSU team’s success in creating a continuous process marks a significant milestone toward commercializing lignin-based aviation fuel.</p>
<p>“This achievement takes this technology one step closer to real-world use by providing data that lets us better gauge its feasibility for commercial aviation,” said Professor Yang. “We now have a clearer understanding of how this process can be scaled up, making it a strong candidate for sustainable aviation fuel production.”</p>
<h2>The Potential of Lignin-Based Jet Fuel in Aviation</h2>
<p>Aviation is a notoriously difficult sector to decarbonize due to its heavy reliance on energy-dense liquid fuels and the challenges of electrifying aircraft. Sustainable aviation fuels are a key solution to reducing the industry’s environmental impact, and lignin-based fuels offer several advantages.</p>
<p>One of the primary benefits is that lignin-derived hydrocarbons can replace aromatics. These fossil fuel-derived compounds enhance fuel density and contribute to contrail formation and other environmental impacts. Aromatics are still widely used in jet fuel because they help swell O-rings in metal-to-metal joints, making them critical to fuel system performance. However, they are also a significant soot source, which has environmental and health consequences.</p>
<p>Lignin-based fuels could offer a cleaner alternative to fossil fuel-derived aromatics, helping to reduce the formation of contrails and improve fuel performance. In addition, the hydrocarbons produced from lignin are dense, efficient, and compatible with existing aviation infrastructure. These characteristics make lignin-based jet fuel a strong contender for use in commercial aviation, as it can be blended with conventional jet fuels to increase the renewable content while maintaining the performance characteristics required by airlines.</p>
<h2>Overcoming Challenges for Commercialization</h2>
<p>One of the most significant challenges facing the aviation industry is the need for “drop-in” fuels—fuels that can be used without modifying existing aircraft engines or fueling infrastructure.<span> </span><a href="https://www.pnnl.gov/publications/lignin-based-jet-fuel-and-its-blending-effect-conventional-jet-fuel#:~:text=A%20lignin-based%20jet%20fuel%20(LJF)%20blend" target="_blank" rel="noopener">Lignin-based jet fuels</a><span> </span>have the potential to meet this requirement, as they offer sealing properties, energy density, and emissions profiles similar to conventional jet fuel. The WSU team’s research demonstrated that lignin-based jet fuel could be blended with conventional fuels to create a drop-in solution, moving the industry closer to producing 100% renewable aviation fuels.</p>
<p>The research also addressed another critical challenge: the<span> </span><a href="https://www.environmentenergyleader.com/stories/decarbonizing-aviation-technology-for-feedstock-production-will-be-key-to-the-takeoff-of-saf,48184">cost and complexity of producing sustainable fuels</a>. Using a less processed form of lignin, known as “technical lignin,” the team could reduce the cost and energy input required to produce the fuel. This contrasts with other studies that used highly processed lignin bio-oils, which are more expensive and energy-intensive.</p>
<p>The continuous process developed by WSU also used engineered catalysts, including a ruthenium-based catalyst (Ru-HY-60-MI), which proved effective in converting lignin into jet fuel range hydrocarbons. The researchers were able to achieve a carbon yield of 17.9%, producing a fuel rich in mono cycloalkanes and poly cycloalkanes, which are critical components for aviation fuel performance.</p>
<h2>A Sustainable Path Forward for Aviation</h2>
<p>The WSU team’s research represents a critical step toward making sustainable aviation fuels commercially viable. The successful demonstration of a continuous process for producing lignin-based jet fuel shows that<span> </span><a href="https://www.environmentenergyleader.com/stories/united-airlines-expands-sustainable-aviation-efforts-with-saf-at-ohare,44950">agricultural waste</a><span> </span>can be transformed into a valuable resource for the aviation industry. By utilizing lignin, which is often discarded or burned, this technology not only provides a renewable alternative to fossil fuels but also contributes to waste reduction and more efficient resource use.</p>
<p>In the broader context of global sustainability goals, the aviation industry has set ambitious targets to reduce its carbon footprint. The<span> </span><a href="https://www.environmentenergyleader.com/stories/green-skies-ahead-the-rise-of-sustainable-aviation,3602">International Air Transport Association (IATA)</a><span> </span>has committed to achieving net-zero carbon emissions by 2050, and sustainable aviation fuels will play a crucial role in meeting this goal. Lignin-based jet fuel offers a promising pathway to achieving these targets by reducing emissions, improving fuel efficiency, and providing a renewable alternative to fossil fuels.</p>
<p>The research was supported by several prominent organizations, including the<span> </span><a href="https://www.environmentenergyleader.com/stories/doe-allocates-118-million-to-increase-production-of-sustainable-biofuels,3568">U.S. Department of Energy’s Bioenergy Technologies Office</a>, the<span> </span><a href="https://www.environmentenergyleader.com/stories/exploiting-waste-to-propel-the-future-of-aviation,1189">Pacific Northwest National Laboratory (PNNL)</a>, the<span> </span><a href="https://www.environmentenergyleader.com/stories/aviation-climate-taskforce-and-national-renewable-energy-laboratory-partner-on-sustainable-aviation,957">National Renewable Energy Laboratory (NREL)</a>, and Advanced Refining Technologies LLC.</p>
<p>With continued support and further refinement of the technology, lignin-based jet fuel could become a vital component of the aviation industry’s efforts to reduce its environmental impact and transition to a more sustainable future.</p>]]> </content:encoded>
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<title>Scientists develop diamond battery that could last 5,000 years</title>
<link>https://sdgtalks.ai/scientists-develop-diamond-battery-that-could-last-5000-years</link>
<guid>https://sdgtalks.ai/scientists-develop-diamond-battery-that-could-last-5000-years</guid>
<description><![CDATA[ British scientists developed a diamond battery using carbon-14, harnessing radioactive decay to provide long-lasting, stable energy. With a lifespan of thousands of years, it could revolutionize medical devices, space exploration, and nuclear waste management, offering reliable, maintenance-free power. ]]></description>
<enclosure url="https://images.jpost.com/image/upload/q_auto/c_fill,g_faces:center,h_537,w_822/637996" length="49398" type="image/jpeg"/>
<pubDate>Sun, 08 Dec 2024 17:57:28 -0500</pubDate>
<dc:creator>Aneurin Toomey 1</dc:creator>
<media:keywords></media:keywords>
<content:encoded><![CDATA[<p><span>British scientists at the UK Atomic Energy Authority (UKAEA) and the University of Bristol developed a diamond battery that could last thousands of years. The carbon-14 diamond battery, as reported by The Telegraph, harnesses the radioactive decay of carbon-14 to produce a continuous and stable energy source, potentially revolutionizing energy use in medical devices and space exploration.</span></p>
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<p><span>The battery operates by encapsulating carbon-14, a radioactive isotope of carbon, within a synthetic diamond structure. This encapsulation not only prevents radioactive leakage but also utilizes the betavoltaic effect, where the diamond converts the emitted electrons from the carbon-14 decay into electricity. The battery is the size of a conventional wristwatch battery, measuring 10mm across and just 0.5mm thick.</span></p>
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<p><span>The Telegraph, Bild, IFLScience, BBC, Newsweek, PCWorld, TechCity, O Globo, TheNextWeb, and News18 reported on the new technology, among other outlets.</span></p>
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<p><span>Sarah Clark, Director of Tritium Fuel Cycle at UKAEA, highlighted the innovative approach behind the technology. “Diamond batteries provide a safe and sustainable way to provide continuous power levels in the microwatt range. They are an emerging technology that uses manufactured diamond to safely encapsulate small amounts of carbon-14,” she stated, according to Newsweek.</span></p>
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<p><span>The half-life of carbon-14 is 5,730 years, meaning the battery could potentially provide energy for thousands of years without the need for replacement. News18 reported that this longevity makes it especially useful for devices where durability and reliability are crucial, such as pacemakers, hearing aids, and other implantable medical devices. Patients would not need to undergo battery replacements throughout their lifetime, significantly simplifying their lives and reducing stress.</span></p>
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<p><span>“Our micro-power technology can support a wide range of important applications, from space technologies and security devices to medical implants. We are excited to explore all these possibilities, collaborating with partners in industry and research in the coming years,” said Professor Tom Scott from the University of Bristol, as reported by The Telegraph.</span></p>
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<p><span>The diamond battery also offers a solution for managing nuclear waste. The carbon-14 used in the batteries is extracted from graphite blocks, which are waste products in nuclear power stations. By extracting carbon-14 from the graphite, the radioactivity decreases, alleviating costs and challenges for the safe storage of nuclear waste.</span></p>
<p><span>The battery's potential extends beyond medical applications. TechCity highlighted its suitability for powering devices in extreme environments, such as space exploration and deep-sea missions, where conventional batteries are not viable due to the difficulty of replacement or maintenance. The stable and long-lasting energy source could keep systems and instruments operating for extended periods without the need for maintenance.</span></p>
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<p><span>"The diamond battery would revolutionize the battery industry," said Fatimah Sannie, a senior process engineer at UKAEA who worked on the project, "We can use it in small satellites, in computer chips, and remote control wrist watches," she added.</span></p>
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<p><span>Newsweek reported that the radioactive carbon-14 is securely encased within the diamond structure, ensuring safety for humans and the environment. The diamond casing not only prevents radioactive leakage but also helps increase the durability of the battery.</span></p>
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<p><span>"Carbon-14 was chosen as the starting material because it emits short-range radiation, which is quickly absorbed by any solid material. This would make it dangerous to ingest or touch with bare skin, but if kept safely inside the diamond, no short-range radiation can escape," said Neil Fox from the School of Chemistry at the University of Bristol.</span></p>
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<p><span>The Telegraph reports that work is underway to upscale production and improve power performance.</span></p>]]> </content:encoded>
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