💼 Big Business (1-minute read)

From around the globe

• African nations push for more climate finance: A hot topic from a meeting of African ministers was the expansion of climate financing for Africa, which currently benefits from under 5.5% of global financing to support climate adaption and mitigation (despite suffering disproportionately from climate change). Expect this to be a key agenda item at COP27.
• Australia passes landmark carbon-cutting legislation… that mandates a reduction of carbon emissions by 43% from 2005 levels by 2030 and net zero emissions by 2050. A significant step considering a few years ago, the ex-prime minister brandished a lump of coal in Australia’s parliament to show his political party’s support for the industry. 
• China pushes ahead with Indonesia’s hydro-plant project: A Chinese construction company has started work on south-east Asia’s largest hydroelectric station. The $17bn project is expected to be complete in 2035, compromising 5 dams with a combined power generation of 9 gigawatts (enough to power 9 million UK homes for 1 hour).

eBay to offer shoppers more choice on pre-owned clothes

Tesla looking at building lithium refinery in Texas 

🤖 Future of Tech (1-minute read)

Doconomy partners with Plaid to enable carbon impact calculations for FinTechs and Financial Institutions

Mitsubishi Heavy Pursuing Bitesize Carbon Capture (CC) devices

🗞 Not In The News (1-minute read)

All hail the mighty coffee ball

1. Firstly, CoffeeB has been set up as a separate entity from the Migros brand. This offers the new concept the freedom and autonomy to fail fast and bypass stifling governance procedures often associated with larger organisations. 
2. It also shines a light on the impact that climate-led product design can have in creating compelling and impactful customer experiences.

💭 Little Bytes

🗞 In other news…

• The UN Secretary-General has called for massive international support for the flood-ravaged Pakistan, with the cost of flood-related damages placed at $30bn
• A report has highlighted the investment required to mainstream green hydrogen but warns against neglecting other available green energy solutions.
• Dutch city became the first to ban meat adverts in public to cut consumption after meat was found to contribute to the climate crisis.
• ‘Solar Trees’ could be the EV charging station of the future; it contains “world’s first” 3-D leaf-shaped photovoltaic nanotechnology, utilizes thin-film solar cells and has a power generation capacity of 5 kilowatts.