Tag: Food & Farming

Ten to Watch - Pioneeers of the Blue Economy by Climate and Capital Media

Ten to Watch: Pioneers of the Blue Economy

By the Climate & Capital Team,

On World Oceans Day in June, the Climate & Capital team dove into the blue economy, what’s emerging and why it’s a critical part of the climate economy.

CCM Featured news for GreenMoney readersThe “Blue Economy” is defined as the systems and economic opportunities emerging in how we protect and maintain a healthy ocean. For World Oceans Day, we showcase Ten to Watch innovators and leaders in the blue economy.

We hope these ocean innovators will inspire and excite you over the coming week. Read our profiles and then have a deeper look at their websites for detailed information about what they do. Each one is an amazing story.

Here are the Ten Pioneers to Watch:

  • ECOsubsea Scrubs Ship Slime to Save the Seas
    ECOsubsea cleans the “bio-fouling,” i.e. accumulated sea slime on hulls, that makes ships less efficient and threatens ocean ecosystems.
  • TransOceanic Wind Transport Harnesses the Air for Low-carbon Shipping
    A blend of ancient and cutting-edge, TransOceanic Wind Transport uses wind-powered vessels to meet modern shipping needs.
  • Data-driven, LED-powered Smart Fishing Could Help Save Ocean Ecosystems
    SafetyNet’s LED-powered Pisces system attracts target catch whilst repelling others, cutting down on millions of tons of wasted bycatch.
  • This Architecture Firm Makes Houses From Plastic in the Seas
    SPARK Architects makes their signature beach huts using plastic waste collected from Singapore’s shoreline.
  • This Maine Fishery makes the Eel Trade More Sustainable
    The global eel trade is inhumane, corrupt and an environmental disaster. Maine-based American Unagi gives chefs a carbon-free, local eel.
  • The Robot Fish Making Seafood More Sustainable
    Aquaai’s mechanized surveillance swimmers are helping fish farms be more efficient and clean. Liane Thompson and her husband and business.
  • The Next Big Thing in Plant-food? Sustainable Seaweed
    Seaweed for breakfast? Cascadia Seaweed believes its cornucopia of kelp could change the plant-based food world.
  • Investable Oceans: The Investment Platform for the Blue Economy
    Investable Oceans is an investment platform devoted to unlocking capital for sustainable oceans ventures.
  • Can we Harness the Lunar Power of Waves? One Scottish Firm is Trying
    Orbital Marine Power is harnessing Scotland’s ocean currents for sustainable power.
  • BlueNalu’s Cell-cultured Seafood Offers Fresh Fish Without the Catch
    With global fisheries on the brink of collapse, BlueNalu’s land-grown fish and seafood could be the future of ocean eating.

Read more about each of these companies and their innovations here.

 

Reprinted with permission from Climate & Capital Media, a strategic partner with GreenMoney Journal.

Additional Articles, Energy & Climate, Food & Farming, Impact Investing, Sustainable Business

Climate Positive Financing in Sea Farming - by Leah B Thibault CEI

Climate Positive Financing in Sea Farming

By Leah B. Thibault, Coastal Enterprises Inc.

Leah B. Thibault of CEIAdapting to and combating climate change through aquaculture investment

When it comes to climate change, oceans are the bellwether of our shifting circumstances. For states like Maine, with a heritage and economy heavily tied to the sea, this is increasingly apparent in the changing behaviors of marine creatures. Maine shrimp are highly sensitive to warmer temperatures; the fishery has been closed since 2013 due to low stocks. Cod, once abundant in Maine waters, have effectively moved north to Iceland. And warm water species like black sea bass and seahorses are found more frequently, along with the invasive green crab.

These changes are affecting people’s lives and livelihoods. For the thousands of workers employed in Maine’s iconic fishing industry, known for its sustainable management of marine resources, commercial aquaculture can be a part of the solution, helping to retain a vibrant working waterfront and build on the state’s reputation as a source of high-quality seafood, while reducing climate change impact.

When implemented and managed appropriately, aquaculture expands food production, boosts economic growth in coastal and rural areas, and improves the health of ocean ecosystems. Certain species, such as kelp, can also directly combat climate change by sequestering vast amounts of carbon – up to 20 times more carbon per acre than land forests1.

For Coastal Enterprises, Inc. (CEI), a community development financial institution (CDFI) based in Brunswick, Maine, investing in aquaculture supports community economic development and helps diversify income streams along the rural coastline. An increasing focus on climate-positive investment in shellfish and sea vegetable businesses led to the development of CEI’s “sea farm loan” for operating capital; purchasing boats, gear, and equipment; renovating or building facilities; land acquisition and debt restructuring. CEI expands the reach of its business advice and financing through Aquaculture in Shared Waters, an annual training program, which CEI co-hosts with the Maine Aquaculture Association, Maine Sea Grant and the Maine Aquaculture Innovation Center, for lobstermen, fishermen and other entrepreneurs who want to develop a business plan for an aquaculture venture.

Over the past decade, Maine has seen 2.2 percent annual growth in aquaculture, with an overall economic impact of $140 million annually, according to the University of Maine2. The majority of aquaculture businesses in Maine, and those financed and advised by CEI, are small, local businesses that employ fewer than 600 people in total.

Seeding mussel rope with biodegradable cotton - Pemaquid Mussel Farms
Seeding mussel rope with biodegradable cotton; photo courtesy of Pemaquid Mussel Farms

Local Innovations in Mussel Production

When Carter Newell shifted from growing oysters to mussel production, he experienced higher capital costs, water environments less protected from storms and crop losses to some very hungry Eider ducks. A scientist with degrees in marine ecology and aquaculture, Newell set out to develop more efficient and effective equipment for growing mussels in Maine waters. His big idea: a patented submersible raft that solves many of the challenges associated with traditional raft culture methods.

Environmental sustainability is key to Newell’s methodology. Local stocks are used for seed and grown in coastal waters on biodegradable rope, rafts are built using Maine-sourced goods, and ultimately, mussels are sold to Maine restaurants, wholesalers and farmer’s markets. And mussels, like oysters, filter out pollutants and chemicals like nitrogen and phosphorus, leaving the waters they are raised in cleaner than before.

As the research and development of the technology progressed, Newell knew he needed significant capital to push the project forward. Grants from USDA and the Maine Technology Institute supported the development of the submersible raft system; CEI stepped in with business advice and a loan for expansion. CEI subsequently provided financing for an aquaculture processing facility, a refrigerated truck and two additional submersible rafts.

Capital providers with knowledge of aquaculture and relationships within the community are vital for the industry to grow and prosper – as traditional lenders and investors are often deterred by risks associated with a mussel’s 18-month grow out period and the fact that most of the collateral is underwater.

Atlantic Sea Farms - 1
Photo courtesy of Atlantic Sea Farms

Relying on Kelp Networks for Business Expansion

Because it is grown and harvested in a single season, kelp farming has a lower risk profile than mussel farming. However, American consumers are far less likely to be familiar with kelp, a challenge CEO Briana Warner has faced head-on since taking over Atlantic Sea Farms in 2018. Warner is focused on establishing a national retail brand, marketing kelp as the “virtuous vegetable,” with farmed kelp adding a healthful, sustainable food source that requires no arable land, irrigation, or any pesticides or herbicides.

The heart of Atlantic Sea Farms is its network of 24 kelp farmers. Since 2018, the company has chosen to work with Maine fishermen by supplying them with kelp seed, teaching them grow out techniques and providing a guaranteed purchase of their entire harvest. The arrangement allows Atlantic Sea Farms to outsource farming to individuals knowledgeable about Maine’s waters, with the necessary equipment (boats, ropes) on hand. It helps the farmers, who primarily fish or lobster, diversify their income and reduce their risk.

To date, Atlantic Sea Farm’s growth has been financed by a dedicated group of angel and institutional investors, including a loan from CEI in 2012. Given the company’s relationship with its kelp farmers, Atlantic Sea Farms was an also an excellent fit for CEI’s Catalyst Fund, which makes early-stage equity investments in food system businesses.

Atlantic Sea Farms - 2
Photo courtesy of Atlantic Sea Farms

“Entrepreneurs need investments in infrastructure,” said Warner. “That’s where CEI first came in. Then, the Catalyst Fund equity gave us the flexibility and time to scale up our value-added products, helping to grow the impact and health of seaweed farming along the coast, with the objective of building a diversified income stream for coastal fishermen in the offseason.”

Warner and Newell are redefining how to balance economic and environmental considerations as they grow innovative businesses that depend on healthy ocean and coastal ecosystems. Like other pioneering entrepreneurs before them, one of the greatest challenges is finding the capital to finance their ideas. Educated, dedicated investors can help create new opportunities and the potential of a more ecologically sustainable and economically diverse future.

 

Article by Leah B. Thibault, who manages marketing and communications initiatives at Coastal Enterprises Inc. (CEI), including media outreach, public relations, social media management and storytelling.  Leah previously served as Director of Executive Administration and Special Projects for CEI Capital Management LLC, and has run her own small business as a freelance crafts pattern designer for over a decade. A highly-efficient Jane-of-All-Trades and a skilled writer and creative, Leah’s design work and writing has appeared in books, traditional and independent magazines, trade journals and web-based publications. She received her B.A. in Performance Studies from Willamette University in Salem, Oregon and holds an HR certification from the University of Southern Maine.

Featured Articles, Food & Farming, Impact Investing, Sustainable Business

Sustainable Ocean Investing Gets Real - Opportunities Across All Asset Classes by Ted Janulis of Investable Oceans - photo by Morgan Bennett-Smith

Sustainable Ocean Investing Gets Real: Opportunities Across All Asset Classes

By Ted Janulis, Investable Oceans

Ted Janulis Investable OceansAbove: Shark Reef and refinery, photo by Morgan Bennett-Smith

ESG and sustainable investing have taken center stage in asset management. Climate and now oceans are leaders in this elevation with a proliferation of products, firms, and frameworks increasingly on investors’ radar screens. This is good news: the oceans are becoming broadly investable, with market-based opportunities across all sectors of the Blue Economy. These cover the entire asset allocation pie chart – equites, fixed income, private equity and venture capital.

At Investable Oceans, we provide a platform to connect investors and companies across all these sectors and asset classes. Our goal is to simplify and accelerate market-based sustainable ocean investing by centralizing research, commentary, inspiration, and access to blue enterprise in one place. A vital part of our mission is education, which comes in a wide variety of forms including academic research, visual arts, and podcasts to accommodate different learning preferences. We also engage the ocean community extensively through partnerships and participation in numerous initiatives. Going forward, we plan to continue expanding our range of offerings to reach the deepest and broadest investing audience possible.

Coral and School of Fish - photo by Morgan Bennett-Smith
photo by Morgan Bennett-Smith

If you’re wondering whether investing in the Blue Economy applies to you, consider this variety of offerings: an ocean-focused ETF from BNPP; a public equities ocean engagement fund from Credit Suisse and Rockefeller Asset Management; a private equity aquaculture fund from Netherlands-based Aqua-Spark; and a variety of blue bonds from issuers such as the Seychelles and the Bank of China. You can even invest $100 in an Ocean Health portfolio using the Newday Impact Investing app; or $100 in a crowdfunding raise for C-Combinator to help turn the largest seaweed bloom on the planet into valuable materials that combat climate change.

The broader ocean economy is enormous, so the diversity of investment opportunities shouldn’t come as a surprise. The OECD’s often quoted 2016 report, “The Ocean Economy in 2030”, conservatively estimated a $3 trillion ocean GDP by 2030. In addition, a 2015 WWF report estimated the value of key ocean assets to be at least $24 trillion. The Blue Economy is a subset of this broader ocean economy, with the latter capturing all human business activities in the ocean, and the former a narrower slice of activities that utilize the oceans resources in a sustainable manner. The Economist defines the Blue Economy as “An economy that harnesses ocean resources for economic growth while protecting ocean health and ensuring social equity.” In the post-COVID world, both the ocean economy and importantly the Blue Economy are poised to expand as we build back with more awareness of and respect for the natural world.

Kelp Forest and Fish - photo by Morgan Bennett-Smith
photo by Morgan Bennett-Smith

Achieving a sustainable Blue Economy is critical, as healthy oceans will continue to provide us with food, oxygen, transportation, recreation and climate regulation. Greenhouse gases (GHGs) are the central threat to both our climate and our oceans, contributing greatly to warming, acidification and deoxygenation. The global community is becoming increasingly aware that we can’t fix the climate crisis without addressing the oceans, and vice versa (see the IPCC’s 2019 Special Report on the changing oceans and cryosphere for a compelling argument). And, our key takeaway is this: climate-friendly investments are inherently also investing in ocean health.

Market-based ocean investing focuses on addressing many of these challenges while providing financially attractive opportunities for participants. Importantly, it’s not a replacement for the vital contributions of philanthropy, concessionary impact investments, governments and NGOs – rather, it’s an important complement. Market-based approaches for our blue planet can unlock substantial capital that requires returns comparable to other market-based opportunities. Harnessing these can significantly increase the amount of funding available to attain, for example, the oceans and climate objectives of the United Nations’ Sustainable Development Goals (SDGs) #13 (Climate Action) and #14 (Life Below Water). Some argue that the oceans touch nearly every other SDG, and that positive ocean actions will have enormous benefits for all.

Because there are many facets of the Blue Economy that we don’t have space here to cover – governance, investment frameworks, social justice and gender issues, to name a few – we’ve set up a section on the Investable Oceans website for GreenMoney readers that provides some of the excellent research on the broader topic. These elements are critical for broader context on investing in the Blue Economy.

Plastic pollution and Ray - photo by Morgan Bennett-Smith
photo by Morgan Bennett-Smith

So what are the investable sectors of the Blue Economy? At Investable Oceans, we use the following five categories: Energy Solutions, Fisheries & Aquaculture, Plastics & Pollution, Shipping & Ports and Tourism. There are other options; for example, some view technology as a separate category. While we agree that technology is critical, we see it expressed across all sectors. We also exclude fossil fuel and deep-sea mining because they don’t seem consistent at this time with the express goal of sustainable ocean stewardship. Investments that involve water are included to the extent that they have a reasonably direct connection to the ocean. For instance, keeping plastics out of the ocean, agricultural run-off and coastal habitat destruction are all represented on the site.

The nature of investments in these five sectors varies. In offshore wind, for example, projects are developed by large corporate players such as Orsted or Equinor, while related supply chain and technology opportunities are available through smaller private enterprises. Fisheries & Aquaculture investments can take place in public or private companies, as well as funds and a dizzying array of startups. For emerging companies, each ocean sector has unique characteristics, and investors often specialize and dive deeply into just one or two.

Turtle and diver - photo by Morgan Bennett-Smith
photo by Morgan Bennett-Smith

With respect to asset classes, public equity markets offer opportunities but also require extra work. While there are companies that are clearly ocean related, such as Orsted (offshore wind), Mowi (seafood) and Lindblad (tourism), ocean activities are often embedded in companies that operate along multiple business lines. Recent research efforts have unpacked and analyzed “ocean business” because interest continues to swell. Some notable examples include: “The Ocean 100” (the hundred largest transnational corporations in eight core industries of the ocean economy), the Business for Ocean Sustainability report and UNEP FI’s Turning the Tide: How to finance a sustainable ocean recovery. In-depth studies like these are laying groundwork for an eventual “ESGs for the Seas.” There is still a distance to go, but this is undoubtedly a promising and impactful start.

On the fixed income front, The Ocean Finance Handbook by Friends of Ocean Action provides an excellent mapping of various debt securities to ocean issues. Following in the wake of Green Bonds, “Blue Bonds” are also becoming an exciting emerging asset class, with a wide variety of issuance types recently coming to market. Investable Oceans and DLA Piper, together with other key stakeholders, recently hosted a Blue Bond webinar that provides an overview of this growing and important market. More broadly, structured finance and securitization principles can be found in many investments, often used to facilitate risk-sharing and/or subordinated investments.

Mangrove and spotted ray - photo by Morgan Bennett-Smith
photo by Morgan Bennett-Smith

Private equity and venture capital play critical roles in financing the Blue Economy. Institutional investment in funds is still in its early stages, partly due to limited track records and smaller fund sizes. Still, there have been numerous compelling fund launches recently, adding to a number of existing funds led by experienced investors. For earlier stage companies, a global innovation ecosystem of well over one hundred incubators, accelerators, clusters and contests is stimulating startup company creation and growth from Oslo to Cape Town to Seattle to Sydney. Organizations like 1000 Ocean Startups and Ocean Visions are bringing together powerful combinations of individuals and institutions to accelerate global change in responsible ocean business and stewardship.

As you can see, the opportunities for market-based sustainable ocean investing are real – it is an exciting time to do good and do well, for our oceans and ourselves.

 

Article by Ted Janulis, Founder and Principal, Investable Oceans

 Ted has served in various executive positions, including CEO, at financial institutions involved in Capital Markets, Banking and Asset Management over a 30+ year business career. He is President Emeritus of The Explorers Club in New York City and currently serves on a number of for-profit and not-for-profit boards, including Gannett Co. Inc., Roc Capital, RiskSpan Inc and Duke University’s Nicholas School of the Environment.

 The oceans have been one of Ted’s passions since he was young, and he’s excited to combine this passion with his finance background in launching an oceans investment platform called Investable Oceans.

Energy & Climate, Featured Articles, Food & Farming, Impact Investing, Sustainable Business

B Lab Announces Best for the World 2021 B Corps

B Lab Announces the Best For The World 2021 B Corps

Recognizing the companies globally that are operating at the highest level of stakeholder-driven businesses

In July, B Lab announces the Certified B Corporations (B Corps) that have achieved the distinction of Best for the World™ 2021 companies. B Lab’s Best for the World recognizes the B Corps globally whose B Impact Assessment (BIA) scores rank in the top five percent of their company size track across one or more of the five impact areas evaluated on the BIA—community, customers, environment, governance, and workers.

The Best for the World recognition is administered by B Lab, the global nonprofit network that certifies and mobilizes B Corps, which are for-profit companies that meet the highest standards of social and environmental performance, accountability, and transparency. Today there are more than 4,000 B Corps across 77 countries and 153 industries, unified by one common goal: transforming the global economy to benefit all people, communities, and the planet.

B Corps meet the highest standards of verified social and environmental performance, public transparency, and legal accountability to balance profit and purpose. The B Corp Certification doesn’t just evaluate a product or service, it assesses the overall positive impact of the company that stands behind it. Using the B Impact Assessment, B Lab evaluates how a company’s operations and business model impact its workers, community, environment, and customers. To achieve the B Corp Certification, a company must achieve a score of at least 80 points on the assessment.

“Best for the World is a special program for the B Corp community, and we’re thrilled to resume it after pausing the program in 2020 due to COVID-19,” said Juan Pablo Larenas, Executive Director of B Lab Global. “This year’s Best for the World companies are operating at the very top of their class, excelling in creating positive impact for their stakeholders, including their workers, communities, customers and the environment. We’re proud of the community of stakeholder-driven businesses we’ve cultivated over the last 15 years; together we’re marching toward our collective vision of an inclusive, equitable and regenerative economic system for all people and the planet.”

Best for the World-B-corp 2021

Close to 800 B Corps from more than 50 countries were named to the Best for the World 2021 lists, including 4G Capital, KeepCup, Natura, The Big Issue Group, TOMS, Too Good To Go, and Patagonia.

The Best for the World 2021 list is determined based on the verified B Impact Assessments of B Corps. Find the full list of 2021 recognized B Corps in the 5 different categories here.

 

About B Lab:  

B Lab is the nonprofit network transforming the global economy to benefit all people, communities, and the planet. Our international network of organizations leads economic systems change to support our collective vision of an inclusive, equitable, and regenerative economy. We began in 2006 with the idea that a different kind of economy was not only possible, it was necessary–and that business could lead the way towards a new, stakeholder-driven model. We became known for certifying B Corporations, which are companies that meet the highest standards of social and environmental performance, accountability, and transparency. But we do much more than that. We’re building the B Corp movement to change our economic system–and to do so, we must change the rules of the game. B Lab creates standards, policies, tools, and programs that shift the behavior, culture, and structure of capitalism. We mobilize the B Corp community towards collective action to address society’s most critical challenges. By harnessing the power of business, B Lab positively impacts 150 industries in 74 countries, helping them balance profit with purpose. Together, we are shifting our economic system from profiting only the few to benefiting all, from concentrating wealth and power to ensuring equity, from extraction to regeneration, and from prioritizing individualism to embracing interdependence. For more information, visit https://bcorporation.net/

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GSIA Releases Global Sustainable Investment Review 2020

GSIA Releases Global Sustainable Investment Review 2020

Key Findings

  • At the start of 2020, global sustainable investment assets under management (AUM) reached US$ 35.3 trillion, a 15 percent increase since the 2018 report (based on assets reported by the United States, EU, Australia/New Zealand, Canada and Japan).
  • Global sustainable investment AUM are 35.9 percent of total assets under management, up from 33.4 percent in 2018.
  • Sustainable investment AUM is largest in the United States with $17.1 trillion, followed by Europe ($12.0 trillion), Japan ($2.9 trillion), Canada ($2.4 trillion) and Australia/New Zealand ($906 billion).
  • Sustainable investment assets continued to grow in most regions, with Canada experiencing the largest increase in absolute terms over the past two years (48 percent growth), followed by the United States (42 percent growth), Japan (34 percent growth) and Australia/New Zealand (25 percent growth) from 2018 to 2020.
  • The most common sustainable investment strategy is ESG integration, followed by negative screening, corporate engagement and shareholder action, norms-based screening and sustainability-themed investment.

In mid-July 2021, the Global Sustainable Investment Alliance (GSIA), of which US SIF is a founding member, released its biennial Global Sustainable Investment Review 2020, revealing an industry that has grown to US $35.3 trillion, up 15 percent since 2018. It now comprises 36 percent of all professionally managed assets globally.

The Global Sustainable Investment Review, now in its fifth edition, has become the most comprehensive report on the size, growth and dynamics of the global sustainable investment industry.

The 2020 report reveals how the growth of sustainable investment and trends varies by region. It also reveals that there is an increasing focus on moving the industry toward standards of best practice.

The United States and Europe represent more than 80 percent of global sustainable investment assets. The United States has the largest share of sustainable investment assets with $17.1 trillion, followed by Europe ($12.0 trillion), Japan ($2.9 trillion), Canada ($2.4 trillion) and Australia/New Zealand ($906 billion).

Canada experienced the largest increase in absolute terms over the past two years (48 percent growth), followed by the United States (42 percent growth), Japan (34 percent growth) and the Australia/New Zealand (25 percent growth). Europe reported a 13 percent decline in sustainable investment assets between 2018 to 2020 due to changes in the methodology from which European data is drawn for this year’s report. This change reflects a transition associated with the implementation of revised definitions of sustainable investment that the European Union has embedded into legislation as part of the European Sustainable Finance Action Plan.

ESG integration is now the most prevalent sustainable investment approach globally, affecting $25.2 trillion in assets, followed by negative/exclusionary screening, applied to $15.0 trillion in assets and corporate engagement/shareholder action with $10.1 trillion. In 2018 negative/exclusionary screening was reported as the most popular sustainable investment strategy. This shift towards ESG integration was particularly pronounced in Japan where ESG integration became the most common sustainable investment strategy, taking over from corporate engagement and shareholder action.

This year’s report also includes additional market insights from the United Kingdom, China and other areas of Asia, as well as Latin America and Africa.

“The Global Sustainable Investment Review 2020 reveals the continued interest in and growth of sustainable investment across multiple markets from 2018-2020,” said Lisa Woll, CEO of US SIF and the US SIF Foundation. “In 2021, the Biden Administration’s policy priorities and investor desire to address economic and racial inequality as well as climate change, among other critical issues, have fostered additional interest in sustainable investment in the United States.”

“The Global Sustainable Investment Review 2020 demonstrates that sustainable investment is a major force shaping global capital markets, and, in turn is influencing companies and others seeking to raise capital in those global markets” said Simon O’Connor, Chair of the GSIA.

The US SIF Foundation and the GSIA are grateful for sponsorship from RBC Asset Management and Robeco for this edition of the Global Sustainable Investment Review. The US SIF Foundation also appreciates the sponsors of the Report on US Sustainable and Impact Investing Trends 2020, which provided the underlying US data for the GSIA report.

 

About the Global Sustainable Investment Review 2020
The Global Sustainable Investment Review 2020 is the fifth edition of this biennial report mapping the size, growth and dynamics of the global sustainable investment industry. This edition collates results from US SIF: The Forum for Sustainable and Responsible Investment (US SIF), Japan Sustainable Investment Forum (JSIF), the Responsible Investment Association Canada (RIA Canada) and the Responsible Investment Association Australasia (RIAA) and in the case of Europe (including the UK), from secondary industry data. All 2020 assets are reported as of 31 December 2019, except for Japan which reports as of 31 March 2020. The report also includes additional market insights from the United Kingdom, China as well as other parts of Asia, and across Latin America and Africa, to form a global picture of the sustainable investment industry.

About the Global Sustainable Investment Alliance (GSIA)
The GSIA is a group of the world’s largest regional and national sustainable investment organizations that collaborate to deepen and expand the practice of sustainable investment. The GSIA is comprised of the sustainable investment membership organizations in the United States, Canada, Australasia, Japan, EU and the UK with a combined membership of many hundreds of investment organizations managing trillions of dollars of assets. The organizations in the GSIA have the deepest reach into the world’s largest sustainable investment markets, from retail to institutional investors.

About US SIF and the US SIF Foundation
US SIF: The Forum for Sustainable and Responsible Investment is the leading voice advancing sustainable and impact investing across all asset classes. Its mission is to rapidly shift investment practices toward sustainability, focusing on long-term investment and the generation of positive social and environmental impacts. US SIF members include investment management and advisory firms, mutual fund companies, asset owners, research firms, financial planners and advisors, community investing organizations and non-profit associations.

 

US SIF is supported in its work by the US SIF Foundation, a 501(C)(3) organization that undertakes educational and research activities to advance the mission of US SIF.

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3BL Media Announces 100 Best Corporate Citizens of 2021

3BL Media Announces 100 Best Corporate Citizens

Owens Corning, General Mills and HP top annual U.S. ranking measuring environmental, social and governance (ESG) transparency and performance

3BL Media recently announced its annual 100 Best Corporate Citizens ranking, recognizing leading environmental, social and governance (ESG) transparency and performance amongst the 1,000 largest U.S. public companies.

Owens Corning tops the ranking for the third consecutive year and is the first company ever to do so. Owens Corning is followed by General Mills, HP, Cisco, and Intel.

Since 2009, only 19 companies have made the ranking each year: 3M, Abbott, Accenture, Baxter, Bristol Myers-Squibb, Cisco, Colgate-Palmolive, Eaton, General Mills, Hess, IBM, Johnson Controls, Intel, Microsoft, Nike, PepsiCo, Gap, Weyerhaeuser, and Xerox.

Twenty-four companies are new to the 100 Best in 2021, 14 of which are appearing for the first time. The companies making their first appearance are: AptarGroup, The AES Corporation, ON Semiconductor, Crown Holdings, Prologis, Walmart, Marathon Petroleum, Host Hotels & Resorts, Walgreens Boots Alliance, LyondellBasell Industries, Boston Scientific Corporation, Regeneron, Essential Utilities and Kilroy Realty Corporation.

View the 100 Best Corporate Citizens of 2021 ranking here.

“The next decade is pivotal if we are to achieve global climate and societal goals and rebuild an inclusive and resilient economy,” said Dave Armon, CEO of 3BL Media, which owns the 100 Best Corporate Citizens ranking. “Achieving these transformational outcomes depends on corporate leadership and transparency on ESG topics. Through 100 Best Corporate Citizens, 3BL Media has set a standard for transparency that advances corporate accountability.”

The 100 Best Corporate Citizens methodology is set by 3BL Media and based on 146 ESG transparency and performance factors across eight pillars: Climate Change; Employee Relations; Environment; ESG Performance; Finance; Governance; Human Rights; Stakeholders and Society. There are also several factors within the 2021 methodology that account for the response to the various social issues emerging during the pandemic.

Additionally, thanks to a partnership with InfluenceMap, an organization that maintains the world’s leading database of corporate lobbying on climate policy, the 2021 ranking ensures that ranked companies’ political actions are aligned with the Paris Agreement.

“In response to the many crises of 2020, the demands for corporate transparency, accountability and leadership have never been louder. Stakeholders at all levels are interested in how companies are engaging on issues from COVID-19 and climate change to systemic racism and voting rights,” Armon continued. “That is why we’ve moved to measure performance on these emergent issues and increase our scrutiny of political actions, to ensure that corporate citizenship is defined by both internal action and external lobbying efforts.”

To compile the ranking, data and information is obtained from public sources only, rather than questionnaires or company submissions. Research is conducted by ISS ESG, the responsible investment research arm of Institutional Shareholder Services. There is no fee or costs for companies to be assessed or to verify research by ISS ESG.

  

About the 100 Best Corporate Citizens

The 100 Best Corporate Citizens ranking was first published in 1999 in Business Ethics Magazine and then by Corporate Responsibility Magazine from 2007 to 2019. 3BL Media has owned 100 Best Corporate Citizens since 2017 and continues the legacy of ranking the Russell 1000 Index against a set of ESG transparency and performance factors using only public data and information. Learn more here.

About 3BL Media
3BL Media delivers purpose-driven communications for the world’s leading companies. Our unrivaled distribution, editorial and leadership platforms inspire and support global sustainable business. Learn more
here.

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Beyond Investing

Beyond Investing Expands Range of Animal-Friendly Investment Products

Launch of Europe Vegan Climate Index, Vegan World Index Certificate and US, UK and global vegan venture capital funds

In June 2021, Beyond Investing announced it is launching five new investment products in partnership with its affiliate Beyond Impact. The products are spread across both public and private markets, provide more options to investors, and further Beyond Investing’s mission of a world free of animal exploitation.

Beyond Investing is the world’s first and only vegan investment platform and the creator of the US Vegan Climate Index, launched in 2018 and tracked by the US Vegan Climate ETF (ticker: VEGN) since September 2019. Assets tracking the Index (which includes the recently launched US Vegan Climate Index Certificate) have grown to over $55 million. Beyond Impact has operated an impact venture capital vehicle investing in plant-based and alternative protein companies since 2017.

The five new investment products are:

  • Europe Vegan Climate Index
  • Vegan World Index Certificate
  • Beyond Impact vegan venture capital funds
    – Vegan Diversity Fund
    – Vegan Diversity S/EIS Fund
    – Beyond Impact Fund II

Europe Vegan Climate Index

The platform extends its range of large cap ESG stock indexes with the Europe Vegan Climate Index. This pan-European index applies the same policies as the US Vegan Climate Index.

Criteria for exclusion include:

  • Animal testing
  • Animal-derived products
  • Animals in sport and entertainment
  • Fossil fuel production
  • Energy production from fossil fuel
  • Other environmental concerns
  • Military and defense
  • Financing of excluded activities

These exclusions remove approximately 54% of the market capitalization of the Solactive GBS Developed Markets Europe Large & Mid Cap EUR Index.

The new index will be calculated real-time by Solactive and published on Bloomberg under the ticker “VEGANE” from 3rd June 2021.

Vegan World Index Certificate

In a collaboration with UK FCA-regulated specialist ESG manager Impact-Cubed it has created the Vegan World Index of global small to mid-cap growth companies producing plant-based and cruelty-free products. This will be available for investment through the launch of the Vegan World Index Certificate, which will be quoted on the Leonteq structured products platform from 15 June 2021.

The Vegan World Index applies the same exclusions as its Vegan Climate indexes, but instead of including all eligible companies in its universe, it proactively targets companies with products relevant to the trend away from the use of animals. Constituents will include not only headlining vegan companies such as Beyond Meat and the recently listed Oatly, but also more under-the-radar companies in Asia and the emerging markets in consumer products, food, agriculture, materials and ingredients sectors, which are part of the plant-based supply chain.

Beyond Impact Vegan Venture Capital Funds

Beyond Impact, with its specialism in animal-free impact investing, is launching three venture capital funds to provide seed and growth funding to entrepreneurs whose products and services obviate the use of animals. Beyond Impact has been an active investor in this space since 2017, its portfolio including some of the earliest rounds of cellular agriculture companies, like Mosa Meat and Blue Nalu, alternative protein, such as Geltor and Clara Foods, and plant-based brands, such has Meatless Farm and Mighty Pea, along with other companies who, since their initial investment, have gone on to raise 100s of millions of dollars.

Its Vegan Diversity Fund will launch on the Angelist platform on July 1st 2021 with the goal of seeding primarily US companies with diverse founding teams, to ensure a continuing stream of entrepreneurs entering the plant-based space, with innovative products that expand the range of vegan options available. A similar Vegan Diversity Fund is in the process of being launched in collaboration with Sapphire Capital Partners LLP, to provide seed and early-stage financing to diverse teams of UK founders, whilst taking advantage of the SEIS and EIS tax advantages available to qualifying UK-based investors.

Beyond Impact already boasts significantly better metrics for gender and racial diversity within its first vehicle than the venture capital industry as a whole, with close to half its current portfolio companies co-founded or led by a woman, and almost 40% co-founded or led by members of other minority groups.

Finally, Beyond Impact is launching a global flagship institutional fund, Beyond Impact Fund II, to continue its trailblazing strategy of investing in companies that accelerate our transition towards a kinder, cleaner, healthier world. This fund will participate in larger seed raises from start-ups with disruptive technology as well as providing follow-on funding to existing portfolio and other later stage companies to fuel their growth.

Claire Smith, CEO of Beyond Investing and CIO of Beyond Impact, brings 35 years of senior level finance and investment experience at UBS and alternatives advisory firm Albourne Partners, and, in this expansion of her venture capital activities, she is joined by four other professionals with expertise in food and agtech investing, food company operations, industrial processing and impact venture funds.

Smith founded Beyond Investing in 2017 with Larry Abele of Impact-Cubed and Lee Coates of Ethical Investors, to provide animal-friendly investment solutions for vegans and environmentalists within public listed markets. Beyond Impact directly invests in companies that provide superior, scalable and sustainable solutions to the social, environmental, and moral concerns associated with animal exploitation, providing market access and targeting substantial value to investors.

Comments Smith, “Unlike others, our expertise and investment experience extends across both public and private markets, particularly important since companies are moving rapidly through investment rounds and may have the opportunity to IPO. Through identifying exceptional entrepreneurs whose companies have the potential to grow quickly, we aim to have large-scale positive impact and produce superior returns to our investors. The more listed companies there are, the more complete our solution becomes in our public market portfolios, and we expect the universe of companies for the Vegan World Index to grow strongly in coming months and years.”

Beyond Investing and Beyond Impact claim to contribute to the achievement of 12 of the 17 United Nations Sustainable Development Goals, across themes of hunger, sustainability, climate, biodiversity, health, water, work, clean energy and gender equality. Metrics produced by Impact-Cubed demonstrate a 76% lower carbon footprint, 97% lower waste generation and 90% less water consumption by companies in its US Vegan Climate Index, versus the market benchmark S&P 500 Index.

 

About Beyond Investing

Beyond Investing is a vegan investment platform comprising Beyond Investing, a US-based registered investment adviser, Beyond Advisors, a Jersey-based research firm, and Beyond Impact Advisors a Swiss-based investment advisor. It is owned by three experienced investment professionals who follow a vegan lifestyle: CEO Claire Smith who has 35 years’ experience working in the finance industry at UBS and as a partner at Albourne in fund research; Lee Coates, OBE, of UK financial advisor Ethical Investors and founder of Cruelty Free Super in Australia; and Larry Abele, founder of Impact-Cubed, an FCA-regulated asset manager recognized for its leadership in ESG research and investing. Visit www.beyondinvesting.co for more information.

For more information on the US Vegan Climate ETF and important disclosures, please visit www.veganetf.com

For more information on the US Vegan Climate Index Certificate, please visit https://dynamiccapitalgroup.com/en/products/

For more information on the Vegan World Index Certificate, please visit https://structuredproducts-ch.leonteq.com/

For information on the Beyond Impact US Vegan Diversity Fund, please visit https://angel.co/v/back/beyond-impact-vegan-diversity-fund

The fund’s investment objectives, risks, charges and expenses must be considered carefully before investing. The prospectus contains this and other important information about the investment company, and it may be obtained by calling 1-800-617-0004 or visiting www.veganetf.com . Read it carefully before investing.

This list is only partial and these investments are not representative of the entire portfolio. Most early-stage investments fail. A complete list of past investments is available upon request.

Beyond Investing LLC is the adviser to the US Vegan Climate ETF. VEGN is distributed by Quasar Distributors, LLC.

Additional Articles, Food & Farming, Impact Investing, Sustainable Business

2021 GreenBiz 30 Under 30 List of Sustainability Leaders

2021 GreenBiz 30 Under 30 List of Sustainability Leaders

Their dreams are bright: Walkable, equitable cities. Clean energy for Native American communities. Planet-healing fast food. Circular outdoor gear. Decarbonized buildings. Electrified mobility. That’s only a sampling of the ambitions of the sixth class of the GreenBiz 30 Under 30.

Our honorees for 2021 are intrepid startup founders, tenacious corporate innovators and determined public servants. The corporations among them include Credit Suisse, Deloitte, Foodstuffs, Gensler, Google, Ignitis Group, National Grid, Starbucks, Unilever and UPS. Other professionals in this group work at values-driven brands, such as Amy’s Kitchen, East West Tea Company, REI and Timberland. Still others are driving sustainability at nonprofit organizations and consultancies.

All combined, this year’s cohort reports to offices in 12 nations across six continents, including Brazil, Canada, China, India, Lithuania, New Zealand and Rwanda. In the United States, they hail from 15 cities, from Albuquerque, New Mexico to New York City — and several emigrated to the U.S. in childhood.

In addition, most of the honorees find the time to exercise global citizenship beyond their day jobs, mentoring youth, hosting a podcast and launching peer networking groups. Some have helped with disaster relief. Others have lost their own homes to natural disasters.

The GreenBiz 30 Under 30 candidates for 2021 were nominated by GreenBiz readers and community members around the world and selected by the GreenBiz editorial team. We’d like to express our appreciation to the World Business Council for Sustainable Business and Net Impact for helping to cast a global net for this year’s nominees.

Our 30 Under 30 Honorees list follows (in alphabetical order) Read about each of these innovators here.

 

Zack Angelini, 29, Senior Environmental Stewardship Manager, Timberland; Malden, Massachusetts

Vartan Badalian, 28, EV100 Program Manager for North America, The Climate Group; New York City

Mayane Barudin, 27, Regional Director and Tribal Liaison, Vote Solar; Albuquerque, New Mexico

Brock Battochio, 28, Co-Founder & Lead Engineer, Planetary Hydrogen; Halifax, Nova Scotia, Canada

Stacia Betley, 29, Sustainability Integration Manager, Amy’s Kitchen; Petaluma, California

Briana Buckles, 29, Sustainability Manager, East West Tea Company; Eugene, Oregon

Maria Eduarda Camargo, 24, Founder, Pantys; São Paulo, Brazil 

Haseena Charania, 29, ESG Communications Strategy Supervisor, UPS; Atlanta

Morgan Collins, 28, Head of Sustainable Finance, Starbucks; Seattle

Chris Dowd, 26, Strategic Partnerships, Social Impact, Google; San Francisco

Francesca Goodman-Smith, 27, Transform Program Leader, Fight Food Waste Co-op Research Center; Brisbane, Australia

Ghislain Irakoze, 21, CEO and Founder, Wastezon; Kigali, Rwanda

Adrienne Johnson, 29, Associate Engineer, Point Energy Innovations, San Francisco

Jamario Jackson, 29, Senior Community Planner, TransForm; Oakland, California

Lina Khan, 29, Senior Sustainability Specialist and Global Design Resilience Practice Area Leader — Government + Defense, Gensler; San Francisco

Erik Landry, 29, Climate Change Specialist, GRESB; Amsterdam, Netherlands

Bonia Leung, 28, Sustainability Consultant, Environmental Resources Management (ERM); London

Laurence Lloyd Lumagbas, 29, Sustainability and Strategic Risk Advisory Services Manager, Deloitte Southeast Asia; Taguig City, Manila, Philippines

Akshay Makar, 27, Founder and CEO, Climatenza Solar; Delhi, India

Marta Misiulaityt, 29, Sustainability Manager, Ignitis Group; Vilnius, Lithuania

Alex Mitoma, 28, Environmental Specialist Associate, Port of Long Beach; Long Beach, California

Sripriya Navalpakam, 27, Sustainability Manager for North America, Unilever; New York City

Taylor Price, 29, Manager of Global Sustainability, AptarGroup; Charlotte, North Carolina

Yangshengjing “UB” Qiu, 27, Partnership Development Executive, Green Monday; Shanghai

Brittany Regner, 28, Assistant Vice President, Environmental and Social Risk, Credit Suisse; New York City 

Elisabeth Anna Resch, 28, Advisor, Global Impact Initiatives, United Nations Global Compact; Santiago, Chile

Harold Rickenbacker, 29, Manager, Clean Air and Innovation, EDF; Washington, D.C.

Yashi Shrestha, 28, Director, Science and Research, Novi; Los Angeles

Dawnielle Tellez, 29, Senior Sustainability Analyst, REI, Seattle

Cassandra Vickers, 27, Clean Transportation Product Developer, National Grid; Boston

Additional Articles, Energy & Climate, Food & Farming, Impact Investing, Sustainable Business

Organic Valley Launches Clean Energy Fund for its Farmers-GreenMoney-June 2021

Organic Valley Launches Clean Energy Fund for its Farmers

New Cooperative fund offers nation’s most farmer-friendly renewable energy loan program.

Organic Valley logo(above) A Wisconsin Organic Valley member farm with Solar panels installed. Courtesy of Organic Valley

Advancing its commitment to regenerative farming systems, Organic Valley is partnering with Clean Energy Credit Union (“Clean Energy CU”) to launch the Powering the Good Loan Fund to provide the best loan terms for farmers seeking to reduce their reliance on fossil fuels with renewable energy and efficiencies. The program is first of its kind for both cooperatives, pioneering a unique clean energy loan fund for over 1,700 farmers across the country.

To accelerate energy improvements, Organic Valley and Clean Energy CU will roll out a $1 million fund with plans to expand. As the nation’s largest organic, farmer-owned cooperative, Organic Valley pulls carbon out of the air through regenerative practices like rotational grazing, while also working to reduce carbon emitted wherever possible.

“Organic Valley leads on renewable energy. We have been 100% renewable powered in our owned facilities since 2019, and now we are going a step further,” said Bob Kirchoff, Organic Valley CEO. “We are focused on a whole systems approach to renewable energy, and I’m excited to debut this energy loan fund. From the farm to the shelf, I see renewable energy playing a bigger role in organic food. We are providing farmers a means to reduce their energy costs and become more self-sufficient and sustainable. Farmers who participate in this loan fund contribute to a healthy, regenerative future for the next generation.”

Kirchoff recently spoke about renewable energy as a guest speaker at the Agri-Pulse Ag and Food Policy Summit.

Loans supplied to Organic Valley farmers through Clean Energy CU will be used for:

  • Solar electric systems to offset farm energy consumption
  • Farm energy efficiency improvements such as plate coolers, VFDs, LED lighting, insulation, ventilation and more
  • Geothermal systems and ground-source heat pumps for farm heating and cooling.

This is a great example of cooperation among cooperatives to pursue our aligned missions,” said Blake Jones, Volunteer Board chair of Clean Energy CU. “Organic Valley is already helping to protect the environment through regenerative and organic farming practices, and now they’re going one step further by supporting the installation of renewable energy and energy efficiency projects for their farmer-members. In addition to the environmental benefits, we’re also excited about helping family farmers throughout the USA to lower their energy costs and improve the bottom line of their independently owned farms.”

The two cooperatives are experienced with advancing renewable energy and are now combining forces to accelerate renewable energy installations on farms across rural America.

 

About Organic Valley

Organic Valley is America’s largest cooperative of organic farmers and one of the nation’s leading organic brands. Founded in 1988, the cooperative represents nearly 1,800 farmers in 34 U.S. states, Canada, Australia and the United Kingdom and achieved $1.1 billion in 2019 sales. Focused on its founding mission of saving family farms through organic farming, Organic Valley produces a wide range of organic dairy, egg and produce products. As a leader in pasture-based, regenerative organic farming, Organic Valley works with nature, not against it. For more information visit – https://www.organicvalley.coop. Organic Valley is also @OrganicValley on Instagram, Facebook, LinkedIn and Twitter.

About Clean Energy Credit Union

Clean Energy Credit Union is a not-for-profit, financial services cooperative that focuses exclusively on providing loans for clean energy and energy-saving projects such as electric vehicles, e-bikes, solar electric systems, geothermal heat pump systems, and other green home improvements. Clean Energy Credit Union is an online/digital-only and federally chartered credit union that serves its members throughout the USA. For more information visit – https://www.cleanenergycu.org

Additional Articles, Energy & Climate, Food & Farming, Impact Investing, Sustainable Business

Can We Pay Farmers to Store Carbon Emissions - by Marcello Rossi-CCM

Can We Pay Farmers to Store Carbon Emissions in Their Fields?

By Marcello Rossi, Climate & Capital Media

CCM Featured news for GreenMoney readersModern agriculture releases carbon into the air. But a new generation of startups is paying farmers to put it back into the ground.

Simply cutting CO2 emissions is not enough, says the United Nations Intergovernmental Panel on Climate Change. To slow global warming, we need to actually remove carbon from the sky. But how?

But as companies turn to the latest carbon-capture technologies, one low-tech solution has been gaining ground: Carbon farming, or regenerative agriculture, an approach rooted in millennia-old techniques that can pull carbon from the air and put it back into the soil. A new generation of startups is connecting carbon-emitting companies with farmers willing to use regenerative techniques to offset it.

Paying Back the Carbon Debt

Plants are natural carbon sponges, absorbing CO2 during photosynthesis. But plowing and tilling oxidizes the soil, in turn releasing more CO2 than crops can naturally consume, causing what scientists call this imbalance “soil carbon debt.” A study published in Proceedings of the National Academy of Sciences estimates that 12,000 years of agriculture has stripped away 8% of the earth’s carbon. Scientists estimate that adds up to a soil carbon debt of 133 billion tons.

Carbon farming relies on methods that allow crops to absorb more CO2 than is being released. These include no-till cultivation, in which the residue of previous harvests is left behind rather than being tilled away; cover cropping, in which a carpet of vegetation protects the soil; and rotational grazing, in which livestock only graze in one section of pasture at a time, allowing the rest of the field to regenerate.

These techniques have been around for thousands of years, but using them to fight global climate change is a relatively new phenomenon, and governments and nonprofits are beginning to incentivize farmers to adopt them. Montana-based nonprofit Western Sustainability Exchange runs a carbon payment program for ranchers in the state, and this year the state of California will award more than $22 million in grants to aspiring carbon farmers.

As in so many other areas of the environment, innovation has yielded a promising strategy. Creative investors are creating a new industry that connects carbon-emitting companies with farmers willing to capture it.

Creative investors are creating a new industry that connects carbon-emitting companies with farmers willing to capture it.

One standout is the Boston-based Indigo Ag, which has developed a marketplace in which companies seeking to reduce their carbon footprint can purchase offsets from farmers. At launch, farmers will earn $15 per ton sequestered. Indigo Ag’s Terraton Initiative aims to fund enough regenerative agriculture to soak up one trillion tons of atmospheric carbon—roughly the same amount humans have emitted since the start of the Industrial Revolution.

Indigo Ag vice president Ed Smith says the Terraton Initiative already involves thousands of growers working more than 18 million acres of farmland. “Using farmlands to capture and store atmospheric carbon dioxide is the only solution I know of that already exists, is affordable, and can be rolled out on a global scale,” he says.

Seattle-based social enterprise Nori is another startup investing in agriculture-based carbon offsets. Christophe Jospe, the company’s chief development officer, says it plans to use a blockchain-backed platform where carbon-emitters seeking to reduce emissions can pay farmers directly for the carbon they sequester. Nori won’t charge listing fees; farmers will get 100% of the value of the carbon removal, about $15 per ton. Initial outcomes are promising. During a pre-sale earlier this year, a Maryland farmer earned $115,000 for offsetting roughly 8,000 tons of carbon. More than 150 farmers working 500,000 acres are involved in the program, and Nori is planning another sale for later this year.

Another market backed by a consortium of food and agriculture giants that includes General Mills, McDonald’s, and Cargill, is currently running a pilot program that is scheduled to expand across the United States in 2022. Beyond the U.S., AustraliaCanada, the U.K, and France have existing or planned markets for agricultural-based carbon offsets.

Unknowns and challenges

Yet as millions of dollars flow into regenerative agriculture markets and initiatives, there remain doubts about whether the approach will actually deliver meaningful emissions reductions and slow climate change.

Global farmlands have the capacity to absorb and store billions of tons of carbon in the soil annually.

According to a report published last by the National Academies of Science, Engineering, and Medicine, global farmlands do have the capacity to absorb and store billions of tons of carbon in the soil annually. But getting there is a complicated process that depends on what happens on hundreds of millions of farms working with varying types of soilclimatic conditions, and a range of other variables, not all of which are clearly understood by scientists.

Gauging soil carbon variations is another issue. Recent technological advancements have helped bolster the credibility of soil carbon measurement, yet existing methods cannot accurately establish whether one particular farm is actually decreasing carbon dioxide in the atmosphere.

These uncertainties compound the well-documented challenges in establishing reliable carbon offset programs. Studies have shown that such schemes, like cap-and-trade programs adopted by the E.U. and California, can vastly overestimate reductions, paying participants vast sums for carbon cuts that may never occur. Critics also argue these programs can provide large polluters with a massive loophole for emitters, allowing them to claim declining emissions while refraining from taking serious action to transition away from fossil fuels.

Environmental groups, investors and scientists are enthusiastic about innovative carbon capture processes in agriculture.

Environmental groups, investors, and scientists are enthusiastic about innovative carbon capture processes in agriculture, and the best way to sustain these new programs, says Gilles Dufrasne, a policy officer at Brussels-based Carbon Markets Watch, is to involve and connect local and national policymakers in a global effort that includes rigorous regulation, communication and transparency. “We need our policymakers and legislators to resist wishful thinking and establish rigorous rules and processes that deliver actual greenhouse gas reductions rather than shifting pollution around,” she argues. “But it takes cooperation and political will to do so, and I see very little of both today.”

The sad question: When will governments and political leaders embrace the imperative of cooperation in cooling the planet?

 

Article by Marcello Rossi, a science and environmental freelance journalist covering climate change and the human impact on the environment. His works appeared in National Geographic, The Economist, The Guardian, Al Jazeera English, Nature Climate Change, Smithsonian, Outside, Quartz among other publications.

Article reprinted with permission. GreenMoney Journal and Climate & Capital Media have a strategic partnership. 

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