SEC’s New Climate Push | Tesla’s Giga Berlin Opens | CIOs’ Sustainability Role

Plus: How To Travel Without Compromising On Sustainability

Hello and welcome to the latest edition of Current Climate.

Quantifying a problem is the first step towards solving it. According to University of Oxford researchers, the U.K. has imported about $30 billion worth of Russian fossil fuel since 2014, which would have allowed the Kremlin to buy 8,000 next-generation main battle tanks. The other number researchers highlighted that’s worth keeping in mind is 1: If all British homes that run on gas
heated their homes by just 1 degree Celsius less, demand would drop by 21 terawatt hours per year—roughly the amount supplied by Russian sources in the energy mix. And just like that, what had seemed an insurmountable challenge suddenly seems solvable by combining systemic with individual action.

A similar case for pushing both systemic and individual change emerged from my chat with Justin Francis, cofounder of “activist” travel company Responsible Travel, which offers holiday packages that help preserve nature and give back to the local communities. As most countries lift their Covid-19 travel restrictions, tourists can return to treating the world as their oyster—but at what cost for the planet? Francis, a member of the U.K. government advisory body Council for Sustainable Business (CSB), discusses
how to go on holiday without compromising on sustainability for this week’s Climate Talks.

Which sustainability issues would you like to know more about?
Fill in the form, and Current Climate will bring you answers. To share the word about Current Climate, use this link.

Sofia Lotto Persio

Sofia Lotto Persio

Editorial Lead, Sustainability | Twitter

 
Tesla’s Stalled German Plant Finally Opens
 
 
 
Tesla’s Stalled German Plant Finally Opens

The long-awaited opening of Tesla’s Giga Berlin plant this week comes at a tricky time: Russia’s invasion of Ukraine is driving up costs of materials for batteries, global microchip supplies remain tight, and local water supply issues could dampen billionaire CEO Elon Musk's big ambitions. 

Tell Me More →
 

The Progress

The U.S. Securities and Exchange Commission has proposed a new rule that would require all publicly traded companies to disclose their greenhouse emissions and climate-related risks and targets. The inclusion of a Scope 3 provision, which would force some companies to calculate and disclose the climate impact of contractors and counterparties, remains a point of contention. 

The Challenges

Last year, the World Health Organization (WHO) issued stricter standards for air pollution. No country was able to meet them, according to a new report.

 
Why CIOs Are Making Sustainable IT A Top Priority
 
 
 
Why CIOs Are Making Sustainable IT A Top Priority

Corporate technology leaders have long played something of a peripheral role in sustainability efforts at many businesses. But as the stakes keep rising, CIOs are being drawn ever more deeply into boardroom debates about how to boost sustainability. (For more news about CIOs, check out my colleague Martin Giles' biweekly newsletter).

What Role They Can Play →
 

Climate Talks

Justin Francis cofounded Responsible Travel in 2001, combining his passions for travel and ethical business—he had previously worked at cosmetics brand The Body Shop and counted its founder, Anita Roddick, as a mentor and seed investor. He shares the lessons for sustainable travel that he has learned on his entrepreneurial journey so far.

How do you define responsible travel?

After 21 years in this business, I've come to realize there's really three things that matter: climate change, loss of nature and biodiversity, and an inclusive [tourism] industry. Our purpose is to be low-carbon, nature-positive, just, fair and inclusive. If we don’t get those three things right, everything else, all the other sustainable development goals, will become irrelevant.

Is upholding the low-carbon standard the biggest hurdle in achieving your mission?

Up until 2009, we had been promoting carbon offsets with the idea that you could go on as before, traveling and offsetting your flights—but then we realized that it was a mistake. We started to advocate that people fly less, which is unusual for a travel company. The idea that you could go on flying as much as before, or even flying more and offsetting a flight, was dangerous marketing, hiding the truth. And the truth is, the advances we're seeing and new types of fuels and aviation are not going to come fast enough for us to meet the Paris goals of decarbonization.

We advise customers to take longer holidays and fewer of them, and we advise swapping out some flights altogether for trips closer to home. We've just removed any unnecessary flights of an hour or less, such as internal connections, from the site. We're working with our suppliers on renewable energy and, in accommodations, to rapidly expand plant-based diets.

I'm an adviser to the U.K. government on sustainable business, and one thing we’ve proposed is something called the green flying duty. [It involves] renaming the Air Passenger Duty, increasing it, especially for those in first and business class, and ring-fencing all the money and using it to invest in R&D in sustainable aviation.

And [the other thing is to] tax fuel. If aviation fuel were taxed the same as the fuel in a car, kerosene flights would be twice as expensive.


Even if offsets are not a solution, some people may think it’s the best option they have available.

I'm in favor of businesses investing in nature restoration. What I'm not in favor of is then presenting that to the customer using the language of being carbon-neutral. It gets away from this idea that we are going to have to fly less, at least for the next 20 years, depending on how fast renewable aviation technology comes through.

Is there too much emphasis on travelers’ individual responsibility compared to systemic change?

It has to be both. Advocating for a green flying duty is systemic change. But at the same time, I do believe we have an individual responsibility. Aviation is singled out for two reasons. The one that's valid is that it's a significant and rapidly growing source of carbon emissions. And the other reason is that tourism is seen as kind of frivolous and therefore could be easily excluded from our lives. I object to that.

Firstly, if you asked people in countries whose income or economies most depend on tourism, they would say it’s their most fundamental industry. Also, I believe in the value of travel. The world feels it is going from a globalized state to a much more nationalistic, individualistic approach, and I'm fearful of that. If there's one industry in the world that brings people together to better understand each other, it is tourism. That has value.

I also think we're losing the meaning of travel. It’s becoming more about self-branding than the quest for experiences, and it's impacting what we see, how often we travel and how we travel. Apart from a fight for more sustainability, I also see a fight for what is precious about travel, which is about learning, fulfillment, adventure and, by all means, a photograph to remember the experience by—but the purpose of the trip shouldn't be the photograph in the first place.


Some places are more at imminent risk of disappearing due to climate change than others. Does traveling there compound the issue?

A ton of carbon emitted at home has the same impact on those vulnerable places as a ton of carbon emitted in traveling there. We all need to be reducing our carbon emission, but you're not doing any more damage by emitting that carbon flying to that place than you are emitting a ton of carbon in any other part of life. But also, the answer very much depends on the holiday.

There's potentially two things travelers can do that are positive. If your holiday is making a contribution to protecting woodlands, grasslands, savannah, the things that sequester carbon—what I would call a nature-positive holiday—then that is of help in the battle against climate change. And secondly, travelers will want to understand how their holiday is helping that destination adapt to climate change—that’s very new, but it’ll become a trend in the coming years.


How can travelers make sure their trip is nature-positive?

Take a look at the website of the place you're going to stay at to see if they've got a policy for sustainable or responsible tourism, reducing carbon emissions and direct and indirect contribution to nature conservation. Ask for data and evidence. In doing so, you can feel satisfied [in your choice], and the very fact of asking makes you a campaigner, a part in creating change. If you're not getting hard facts and evidence, that's a warning sign. The best quality companies care about where they operate and how they operate, as well as your enjoyment. By doing this research, you're going to end up booking a more enjoyable trip as well as one that's going to be more responsible.

Would a traveler pay more for a more responsible trip?

We have cheap trips, and we have more expensive trips, the same as everybody else. But the cost doesn't come with the sustainability dimension, it comes with the difficulty of operating in remote locations.

If you book a cheap holiday, which is very unsustainable, you might think [you’ve got a] fantastic deal, but you're going to pay in other ways, because of the economy is struggling due to global warming or higher food prices. We're all going to pay in the end for living in an unsustainable way. There's no shortcut.


Justin Francis
’ answers were condensed and edited for brevity and clarity.

On The Horizon

Electric grids need to evolve from a one-directional system where a single electric utility sends electricity to many customers to one where millions of devices buy and sell, exchange and share electricity, system services, and information instantaneously in a multitude of directions. U.S. energy labs have begun developing systems that use blockchain to manage those transactions.

 
Forbes

You’ve received this email because you’ve opted in to receive Forbes newsletters.

Unsubscribe from Current Climate.

Manage Email Preferences | Privacy

Forbes Media 499 Washington Blvd.

Jersey City, NJ 07130

Older messages

Ends At Midnight

Saturday, March 26, 2022

Don't sit this one out. The time to claim your million–dollar future is now. View in browser Offer Expires at Midnight Fellow Investor, Bitcoin and other crypto assets have shrugged off early-2022

The hunt for oligarch superyachts 🛳

Saturday, March 26, 2022

ADVERTISEMENT Forbes The Memo Forbes The Memo Know someone who will love The Memo newsletter as much as you do? Share this link to sign them up. Iain Martin Iain Martin Europe News Editor, Forbes 5

Unvaccinated people are costing the economy billions

Friday, March 25, 2022

Plus: Covid accelerated digitization of auto sales, but it still lags ADVERTISEMENT Forbes | InnovationRx Reuters has a feature this morning highlighting the economic costs of vaccine hesitancy, which

Is The Venture Capital Market Finally Cooling Off?

Friday, March 25, 2022

Plus: Feds Charge Two 20-Year-Olds In Alleged NFT Money Laundering, 'Rug Pull' Scheme ADVERTISEMENT Forbes | CIO With every Under 30 package, we include a special “Big Money” list, featuring

I Swear This Skincare Device Takes 10 Years Off My Face

Friday, March 25, 2022

Plus: 15 Black-Owned Food Brands To Add To Your Online Grocery Cart All products and services featured are independently selected by Forbes Vetted contributors and editors. When you make a purchase

You Might Also Like

☕ Great chains

Wednesday, January 15, 2025

Prologis looks to improve supply chain operations. January 15, 2025 View Online | Sign Up Retail Brew Presented By Bloomreach It's Wednesday, and we've been walking for miles inside the Javits

Pete Hegseth's confirmation hearing.

Wednesday, January 15, 2025

Hegseth's hearing had some fireworks, but he looks headed toward confirmation. Pete Hegseth's confirmation hearing. Hegseth's hearing had some fireworks, but he looks headed toward

Honourable Roulette

Wednesday, January 15, 2025

The Honourable Parts // The Story Of Russian Roulette Honourable Roulette By Kaamya Sharma • 15 Jan 2025 View in browser View in browser The Honourable Parts Spencer Wright | Scope Of Work | 6th

📬 No. 62 | What I learned about newsletters in 2024

Wednesday, January 15, 2025

“I love that I get the chance to ask questions and keep learning. Here are a few big takeaways.” ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌

⚡️ ‘Skeleton Crew’ Answers Its Biggest Mystery

Wednesday, January 15, 2025

Plus: There's no good way to adapt any more Neil Gaiman stories. Inverse Daily The twist in this Star Wars show was, that there was no twist. Lucasfilm TV Shows 'Skeleton Crew' Finally

I Tried All The New Eye-Shadow Sticks

Wednesday, January 15, 2025

And a couple classics. The Strategist Beauty Brief January 15, 2025 Every product is independently selected by editors. If you buy something through our links, New York may earn an affiliate commission

How To Stop Worrying And Learn To Love Lynn's National IQ Estimates

Wednesday, January 15, 2025

... ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

☕ Olympic recycling

Wednesday, January 15, 2025

Reusing wi-fi equipment from the Paris games. January 15, 2025 View Online | Sign Up Tech Brew It's Wednesday. After the medals are awarded and the athletes go home, what happens to all the stuff

Ozempic has entered the chat

Wednesday, January 15, 2025

Plus: Hegseth's hearing, a huge religious rite, and confidence. January 15, 2025 View in browser Jolie Myers is the managing editor of the Vox Media Podcast Network. Her work often focuses on

How a major bank cheated its customers out of $2 billion, according to a new federal lawsuit

Wednesday, January 15, 2025

An explosive new lawsuit filed by the Consumer Financial Protection Bureau (CFPB) alleges that Capital One bank cheated its customers out of $2 billion. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏