The Triple Bottom - 🌱 Space Junk

Happy Tuesday. We’re big fans of making climate news approachable - that’s why we’ve collaborated on this edition with our friends at Year 2049 - check out their vertical farming comic at the bottom of this edition, and check out their weekly comics here.

In today's edition: 

🇮🇳 India bans single-use plastics

💊 Chemotherapy delivered by drones

🚢 Enter methanol-powered containerships

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💼 Big Business (2-minute read)

Climeworks becomes the first supplier of long-term, technology-based carbon removal to Microsoft 
What happened? Microsoft and Climeworks have closed a 10-year carbon removal offtake agreement - where Climeworks will permanently remove 10,000 tons of CO₂ emissions from the atmosphere on Microsoft’s behalf using Direct Air Capture (DAC).
DAC? Technologies that use chemicals (liquid or solid) to bind to CO2 and extract it from the atmosphere. The CO2 can be permanently stored in deep geological formations or used, for example in food processing or combined with hydrogen to produce synthetic fuels. 
Importance: Such long-term commitments are crucial to help scale the carbon removal industry as it provides planning security to both sides and long-term financing efforts to support the scale-up of DAC = Accelerate mainstream adoption

VW and Audi sign circular supply chain deal for electrical vehicle batteries
Volkswagen of America and Audi have signed a deal with Redwood Materials to recover and recycle end-of-life EV battery packs from their vehicles. Once collected, 95% of the metals found in the batteries will be recovered and used to create new battery components to be re-used in future vehicles. The importance? As the drive to adopt EVs continues, it’s predicted that 12mn tons of lithium-ion batteries will be retired between 2021-2030 = a mountain of electronic waste. End-of-life batteries present manufacturers with an increasing and infinitely recyclable resource. Creating a circular supply chain will improve the environmental footprint of lithium batteries, decrease costs, overcome current battery supply issues and increase the accessibility to EVs.

India has banned all single-use plastics amid national pollution crisis
The country is the world’s third-largest producer of plastic waste, trailing only the United States and China. The manufacture, sale or import of widely used items such as plastic cutlery, ice cream sticks, and film on cigarette packs are banned. Plastic bags, another major pollutant, are not on the list, but the government has mandated an increase in thickness to make them easier to reuse. 
Elsewhere: China has announced a phase-out of plastic bags by the end of 2022, but there is still no national ban in the United States.

🤖 Future of Tech (1-minute read)

UK National Health Service (NHS) world first Drone Chemotherapy deliveries
What's happened? NHS cancer patients will be the first globally to experience drone chemotherapy - starting its trial run in the Isle of Wight, chemo will be flown directly from the pharmacy on the mainland to St Mary’s Hospital, where staff will distribute it to hospital teams.
Green lens: Drone chemo will save on fuel and money, making cancer care much more convenient for patients living on the Isle of Wight – who often need to travel to the mainland. Each drone delivery also replaces at least two car journeys and one hovercraft or ferry journey per delivery, saving on emissions.
Big picture: The UK’s NHS aims to become the world's first “net zero” health service by 2040. Innovation is aplenty check out the first ever net zero surgery conducted earlier this year.

French shipping giant places first ever order for methanol-powered container ships
Shipping generates over 1bn tons of emissions annually - around 2.5% of the world’s total CO2 emissions. A recent report highlighted the benefits of methanol as an alternative marine fuel which could cut the emissions from shipping by 60% thanks to its clean-burning qualities. French shipping and logistics company CMA CGM has ordered its first methanol-powered containerships, which will join the fleet by 2025. 
So what? Early adopters such as CMA CGM are key in supporting the scaling of tech, cost competitiveness and driving adoption of alternative fuels.

🤿 Deep Dive (2-minute read)

Space Junk - "taking out the trash" from space? 

It’s well documented that humans are littering earth on a massive scale, but we’re also creating tons of litter in space.

What is Space Junk? Objects that are no longer used but left in space (from old satellites to disused rocket parts) orbiting the earth.
How much junk is there? It’s predicted that the number of pieces of space junk measuring over 10cm has increased from under 1,000 in the 1960s to over 31k by 2020. There are also an estimated 128million pieces under 10cm. 

Why’s this a problem? 

  • Kessler syndrome: An idea proposed by NASA scientist Donald Kessler - if there is too much space junk in orbit, it could result in a chain reaction where more objects collide and create new space junk in the process to the point where Earth’s orbit becomes unusable - threatening our ability to explore space.

  • For satellites: The monitoring and surveying data satellites provide an enhanced understanding of water cycles, air quality, forests and other aspects of the earth’s environment.  Space junk causes serious damage when it collides with satellites, threatening access to precious environmental data.

  • For the environment: Space junk doesn’t just threaten space exploration and space tech. A proportion of space junk will lose altitude, and larger debris can impact Earth and negatively affect the environment. (E.G. debris from Russian rockets litters the Altai region in Siberia, including toxic fuel tanks, which are harmful to plants and animals).

How is technology helping? 

  1. Foam: Startup, StarRocket, wants to use a specialised foam that allows them to descend back to the earth’s atmosphere and burn up before reaching the surface. 

  2. Magnets: Electromagnets can move non-magnetic objects (most space junk is made from non-magnetic aluminium) remotely using a new non-contact technique which could be crucial for moving smaller pieces of debris. 

  3. Nets: The RemoveDEBRIS mission practised grabbing a satellite with a huge net and dragging back down to the earth's atmosphere. 

Action is needed: Unless more cohesive, vigorous action is taken to limit space junk, it will continue accumulating and threaten satellite functions, space exploration and planet earth. Sustainability in space is closely linked to sustainability on earth - data from space is crucial to support positive environmental action.

💭 Little Bytes

Quote: “Asking businesses to report on their value chain emissions, and supporting them to do so, will encourage innovation in circular, low carbon business models” Susan Evans of Green Alliance

Stat: 1 in 5 cases of ESG risks linked to greenwashing - RepRisk

Watch: Landmarks in London and Berlin re-imagined without cars.

🗞 In other news...
  • How NASA technology can help save whale sharks -- the world's largest fish

  • Green Tech Boom Threatened as Solar Prices Surge to Decade High

  • Developments in South Asian transport infrastructure is helping women into work - research shows that female employment rises when journey time falls

  • EY’s Sustainability Chief warns that ESG faces reckoning after being “hijacked” by marketeers - calls for greater scrutiny and regulation of the space.

📖 A vertical farming comic strip
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Written by @Ollie and @Colin 

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The Triple Bottom newsletter reflect the opinions of only the authors who are associated persons of The Triple Bottom LLC and do not reflect the views of any of its subsidiaries or affiliates. They are meant for informational purposes only, are not intended to serve as a recommendation to buy or sell any security in a self-directed account. They are also not research reports and are not intended to serve as the basis for any investment decision. Any third-party information provided therein does not reflect the views of The Triple Bottom LLC, or any of their subsidiaries or affiliates. All investments involve risk and the past performance of a security or financial product does not guarantee future results or returns. 

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