The Triple Bottom - 🌱 Don’t keep the fire burnin’

Happy Tuesday. Today is the International Day of the World's Indigenous People - to raise awareness and protect the rights of the world's indigenous population who manage at least 24% of the total above-ground carbon - critical to winning the race to save the planet.

In today's edition: 

♻️ Recyclable wind turbines

🌊 Floating solar panels

🤖 Robotics 4 Good

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💼 Big Business (2-minute read)

Wildfires destroy almost all forest carbon offsets in 100-year reserve for California, study says
Buffer pool: Under California’s rules, the carbon savings of offsets must be guaranteed for at least 100 years (i.e. a tree must stay unharmed for 100 years). To guard against future risks of forest fires, projects contribute 2-4% of all the credits they generate into a buffer pool.
What’s happened: In just 10 years, wildfires have depleted almost all of the carbon credits in the California buffer pool intended to act as insurance against the risk of fire for the next 100 years, a new independent study has found.
Importance: As more companies turn to carbon credits to compensate for their emissions, it’s critical for more scientific approaches to determine the size of buffer pools under the increasing frequency and severity of wildfires. This also highlights the importance of transitioning to high-quality removal solutions - characterised by "additionality" (CO2 removal that would otherwise have not happened) and "permanence" (the length of time the CO2 is removed from the atmosphere).

UK supermarkets behind $11mn initiative to tackle soy-led deforestation
Tesco, Sainsbury’s and Waitrose have invested in a year-long trial, called the Responsible Commodities Facility (RCF) to incentivise 36 Brazilian farmers to use deforestation-free practices of cultivating crops and eliminate the conversion of land for intensive soy production. The trial will provide insights into how these practices work practically to support expansion to more farms. 
A timely announcement: It comes after an investigation concluded that 1,000 sq km of land in the Brazilian Amazon has been deforested by soy farmers in the past decade. This trial could inspire other companies to review their supply chains, assess deforestation risks and help modify farming practices to avert deforestation.

UN General Assembly declares access to a clean and healthy environment a universal human right
Based on a similar text adopted last year by the Human Rights Council, the resolution calls upon States, international organisations, and business enterprises to scale up efforts to ensure a healthy environment for all. Importance: The ruling emphasises legal obligations to act (instead of discretionary pledges) this should help nations to accelerate the implementation of commitments to environmental and human rights.

🤖 Future of Tech (1-minute read)

The world's first recyclable wind turbine blades are commercially spinning 
The problem: We’ve spoken before about wind turbine blades ending up in landfill (8,000 are expected to be decommissioned & enter landfill this year in the US alone). 
The solution: Recyclable blades have been installed in a commercial capacity for the first time at the Kasaki offshore wind farm in Germany. The blades are made from wood and fibreglass (among other materials), which are held together using a special resin. When the blades are decommissioned, the resin can be separated, leaving the individual materials to be reused in new products (like suitcases).  
Why’s this important: The recyclable blade has been brought to market in just 10 months. Early adoption is key to testing the technology in a commercial context and providing rapid feedback for iteration = improvement, more adoption, scaled production and cost-competitiveness.

A pilot project in the North Sea will develop floating solar panels
Offshore wind farms in the North Sea will soon be supplemented by “floating solar parks” under a plan to boost renewable energy innovation in Europe. German energy firm RWE is to invest in a pilot project in the North Sea off the coast of Belgium. RWE describes the "integration of offshore floating solar into an offshore wind farm" as "a more efficient use of ocean space for energy generation." reducing transmission costs by tapping into pre-existing undersea cables from wind farms to transport the energy to land.
Importance: a potential answer to increasing land scarcity / high land costs for the generation of renewable energy, but at just 0.5MWp, the pilot will need to scale significantly to contribute to the 849,473MWP of solar capacity globally.

🤿 Deep Dive (2-minute read)

Robots are helping nations achieve Sustainable Development Goals (SDGs)

In 2015 the UN established 17 SDGs - key benchmarks aiming to ensure every nation evolves sustainably. The goals cover social and environmental priorities, from ending poverty to protecting ecosystems, so member states can enjoy peace and prosperity by 2030.

Robotics (systems that can sense, analyse, interact with and manipulate the physical environment with minimal human intervention) are taking vital roles in helping nations achieve the SDGs:

  • SDG2 - Zero Hunger: Robots are boosting agricultural productivity by harvesting more produce in less time and at a reduced cost. Robots also reduce the risk of contamination by lowering human touch/unintended contamination - improving food safety. 

  • SDG3 - Good Health & Wellbeing: Reducing air pollution is a crucial aspect of SDG 3. Autonomous drones are monitoring real-time information on air quality to identify areas of high pollution. Researchers from MIT have designed a drone platform that collects data and makes it accessible to low-income communities (which are frequently impacted by air pollution) so targeted initiatives to improve air quality can be delivered.

  • SDG7 - Affordable & Clean Energy: Robots are automating the manufacturing of clean energy infrastructure (i.e. solar panels and wind turbines). A Swedish company, Absolicon, has built a fully automated factory to produce parts for solar heat generators. 

  • SDG9 - Industry, Innovation, Infrastructure: Robots are automating recycling centres to boost their sorting capacity = more accurate and efficient recycling. This means recycling centres can keep up with rates of plastic pollution + deliver high-quality recycled plastic.

Looking ahead: Realising the benefits of robotics will require minimising unintended consequences from deployment:

  • Robotics will increase efficiency and reduce the cost of tasks. Yet, these benefits may create rebound effects - like amplified consumption = worsening the environmental crises as more virgin materials are processed each year. 

  • Better efficiency may further concentrate wealth and reinforce inequalities. E.g., By monopolising water management systems, some nations are endangering the water supply for neighbouring countries. 

Minimising unintended consequences… 

  • Ensuring strong governance structures and adequate regulation is in place before the widespread uptake of robotic systems (E.g., Ethical AI)

  • Collaboration between engineers and sustainable development professionals will ensure robotics are developed and deployed while considering the needs of multiple groups.

💭 Little Bytes

Quote: “This bill is far from perfect. It’s a compromise. But it’s often how progress is made.” Joe Biden addressing Congress on the flagship climate package.

Stat: Cycling surges 47% in England compared to 2021

Watch: Powerful smoke-detecting devices are protecting Sardinia from forest fires

🗞 In other news...
  • Australia enters ‘new era’ on climate change as greenhouse gas bill passes

  • Technology is helping plant-based food producer, NotCo, tweak its recipes to avert supply chain delays

  • Carbon Capture could be worth £100bn to the UK economy by 2050

  • Suzuki adds microplastic collection devices to most popular boat motors
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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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