- BMW re-affirms position against electric-only platform
- Opinion: Hydrogen not the magical answer to zero-carbon prayers
- Big Technology Stocks Dominate ESG Funds
- Reports: Barclays eyeing stricter fossil fuel investment policies
- Explainer: Nine ‘tipping points’ that could be triggered by climate change
- ‘Overwhelming and terrifying’: the rise of climate anxiety
1. BMW will not follow the strategies of Mercedes-Benz and Audi toward an electric vehicle infrastructure to counter Tesla and its supercharger network. BMW’s CEO believes internal combustion engines could remain a “unique selling point for customers.” The move is likely related to finance as much as strategy. Another BMW executive said they don’t want plants to operate below capacity.
2. Hydrogen currently accounts for about 4% of final energy, and it remains more expensive than other fuels. A primary challenge is the bulkiness of hydrogen fuel, raising transport and storage costs. Producing hydrogen requires high energy inputs. Using fossil fuel energy inputs costs $1 to produce 1 kg of hydrogen. Using renewable energy inputs costs $6 to produce 1 kg of hydrogen. Analysts expect renewable production costs to fall over time. Gas distribution companies promote hydrogen because they can use their existing natural gas infrastructure to distribute it.
3. Firms like Microsoft, Alphabet, Visa, Apple, and Cisco Systems are the most commonly held shares in actively traded S&P 500 sustainability equity funds. Companies associated with ESG issues remain underrepresented. The ESG investment industry still has not defined rules for what firms qualify as suitable for ESG funds.
4. Barclays bank is considering new, stricter investment policies in response to shareholder pressure to divest from fossil fuel investments.
5. Carbon Brief begins publishing guest articles from experts on critical environmental systems and processes that appear at risk of collapse from climate change and environmental degradation.
6. In addition to the physical impacts of climate change, emotional impacts are emerging in the form of strains on mental well-being, especially for young people who face lives defined by ecological collapse.