Ben Abraham || AfterClimate

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315 Posts

There is quite an encouraging chart in a recent IEA newsletter on the shift in investment flows across the world energy sector:

"Five years ago, for every $1 invested in fossil fuels, $1 went to clean energy. But today, for every $1 invested in fossil fuels, $1.80 goes to clean energy."

#cleanenergy #climate #renewables #energy #Co2 #climatechange #fossilfuels

Tonight!!!

Hey look it's everyone's favourite climate hypocrites in the new Oil Change International "Climate Wreckers" report - 90% of the world's CO2 emissions over the next 25 years are coming from just 20 countries. And look who gets a special mention!

Go team Australia! We're up there with the best at being absolutely the worst!

https://priceofoil.org/content/uploads/2023/09/OCI-Planet-Wreckers-Report-Final.pdf

#AusPol #climate #climatechange #australia #fossilfuel #co2 #emissions

The internet's coolest fashion newsletter Blackbird Spyplane wades into the US SUV/pickuip embigeening debate with a lament about the loss of cool compact cars of past decades.

Likening it to current fashion trends, this line really hit me:

" Pushing a car ~5x bigger than you need is not like wearing a swaggily roomy suit of the kind we f**k with heavy here at BBSP. O no! It’s like a child playing dress-up in a XXXL trench coat, sleeves dragging on the floor, while wearing clown shoes. It makes you look small and bozo-like as you take up too much space in a world that you navigate with zero grace."

Must-read, IMO!!!!!
And a truly different take on this now pretty well-worn (but still unresolved) issue!

Make compact cool again!

https://www.blackbirdspyplane.com/p/the-end-of-cool-small-cars

#cars #compactcars #sustainability #fashion #climate #smallcars

The end of cool small cars

The Taliban has fresher trucks than us. The Honda Fit is dead. U can’t find a sauced-out 2-door to save your life. How did we get here??

Blackbird Spyplane

I missed this earlier in the year, but in the 2023 #GDC State of the Industry survey, more attendees of the game developers conference said they worked at an Indie Studio (39%) than for a Triple A studio (23%).

What does that mean for the overall *size* of the games industry? Do we know how representative GDC is? Even if it's closer to 50/50 that still suggests there's a HUGE amount of indie studios and indie game makers out there.

From a climate standpoint, working in indie studios *probably* means less emissions per employee, but without knowing how indie devs there are... how do we know what the total industry impact is?

#gamedev #games #sustainability #gamesemissions

Just found this study published in March evaluating the stock price of videogame companies against two variables: a game's presence on twitch, and a companie's disclosure of environmental sustainability, or ESG data.

Fascinating results!

"The results of this study have several practical implications. First, the results indicate that certain types of investors prioritize Twitch statistics and the company's level of sustainability over more accounting-based information, such as the P/E ratio, in making their investment decisions. In addition, within the information on sustainability, the most relevant for investors are environmental and social; that is, regarding emissions, innovation (E), and workers and human rights (S). This means that if any gaming companies have a scandal about these two categories, investors will surely take it into account, and there will be a decrease in the stock return."

https://www.sciencedirect.com/science/article/pii/S0148296322010852

#gamedev #ESG #sustainability #games #videogames #ESGinvensting #investors

Today I'm looking at some corporate disclosures by games (and games/media/tech) companies – and found a couple of interesting shareholder proposals put to annual general meetings by activist shareholders.

The first is Electronic Arts, with a proposal from a shareholder activist complaining about high levels of 'termination pay' for EA directors, and the undemocratic operation of annual general meetings.

The second is a large NY pension fund proposing that Warner Bros Discovery disclose political donations to increase transparency.

In BOTH cases the board recommended against the measures. 👀

The Science Based Targets initiative released its annual monitoring report last week, with stats on how many companies have committed to science-based targets, and how many have submitted plans to actually achieve those targets – and have been 'approved' by the org.

This is pretty huge growth, and quite encouraging. Corporate #sustainability and #netzero efforts have a loooong way to go, but target setting helps see which way things are headed.

Their summary of the SBTi report's highlights:
• 2,079 companies and financial institutions had set science-based targets
• More than one third of the global economy (34%) by market capitalization had set or committed to set science-based targets
• We observed a growth on every continent for the first time
• Companies with science-based targets had committed to a total reduction of 76 millions tonnes of CO2e, equal to eliminating Switzerland’s annual emissions twice over

Pretty impressive momentum.

#SBTI #sciencebasedtargets #climate #ESG

This piece featuring Indigenous voices from central Australia shows how already attuned many are to the way local #climate has changed. If your culture has 1000 years of memory about a place, you’d probably notice it too.

https://www.thesaturdaypaper.com.au/news/environment/2023/08/18/lessons-heat-resilience

Indigenous lessons for surviving the heat

When you arrive in Tennant Creek, 1000km south of Darwin, what hits you first is the absence of smells. Usually the air is permeated with the cooking of kangaroo but now it is barely there. In the last heatwave, dead kangaroos were found at the bottom of watering holes previously thought to have never dried up. Some locals believed kangaroos could never fall victim to thirst, that they would always find a place to drink. It wasn’t true.

The Saturday Paper