This article was originally published on Circle Economy.
Ivonne Bojoh, quoted above, is no stranger to working on pioneering technology. With a background in digital start-ups across Europe and Southeast Asia, she joined Amsterdam’s Circle Economy as Head of Digital. Her goal? To push the pedal on circular economy adoption across the globe, embedding digital tools in the process. In a space long dominated by consultancy, pushing the digital agenda across the circular economy landscape is indeed pioneering — and necessary. But we’re in a race against climate breakdown, and to beat it, we need your — everyone’s — help.
Circle Economy, an impact organization based in Amsterdam, wants to boost global circularity from its current 8.6 percent to 17 percent. A 17 percent circular world could, according to analysis, vastly reduce global resource consumption and reduce greenhouse gas emissions by 39 percent, thereby limiting warming to well-below 2 degrees. Integrating circular strategies into global systems — across businesses and national and local governments — will allow the world to transition away from the harmful linear economy practices that have dominated for years and led us down a destructive path. The current global focus on phasing out fossil fuels is — while incredibly important — is not enough to truly mitigate climate change.
And there is no question about it: climate breakdown is no longer knocking politely at our doors, it’s broken down the barricades and placed itself dominantly at the head of the table. To expel it, we need to scale the knowledge and best practices that we have in our holdalls to new heights. Circle Economy is well-positioned to drive this scale-up as it harbors 10 years worth of circular economy knowledge.
“From frameworks to methodologies, we know what works and what doesn’t when it comes to implementing circular change. All of this knowledge is being leveraged from one client to the next. By leveraging technology we can distribute knowledge, data insights and provide tooling anywhere, anytime and without limits,” said Bojoh.
Circle Economy is set to launch a new digital platform to accelerate the circular transitions for businesses, cities and nations around the world. And what does success look like? By the end of 2023, “we aim to have 300 businesses, 1,000 cities and 70 nations actively using the platform to gain insights, promote action and connect with each other and track their progress towards a circular economy.” The platform to drive this impact? Our latest launch is named after the Japanese term for “go for it”: Ganbatte. Because we have no time to lose.
Climate breakdown is no longer knocking politely at our doors, it’s broken down the barricades and placed itself dominantly at the head of the table.
The future is digital; the future is circular
The fourth industrial revolution has spurred technical breakthroughs and digitalization across sectors. With climate breakdown being the most pressing issue of our time, technology has importantly shaped the sustainability and climate mitigation agenda, from renewable energy power grids to carbon tracking technology, and so much more. This has created an exciting landscape where everything is becoming connected, software-based, data-generating and automated.
We must take advantage of this to make the most of Circle Economy’s 10 years of circular knowledge — a gold mine.
Circle Economy’s Circularity Gap Report work with nations, for example, has garnered rich findings to guide action. In Norway’s report, specific circular interventions across business and industry could increase Norway’s circularity from 2.4 percent to nearly 50 percent, and cut the country’s carbon footprint by 63 percent. Meanwhile, in the Netherlands, the analysis located context-specific action that could help the country reach its goal of a fully circular economy by 2050. In Prague, the local City Circle Scan led to the implementation of a large-scale biogas plant, city-wide consumer goods sharing services and a single-use plastic ban, as well as the eradication of pesticides and synthetic fertilizers from all 1650HA city-owned land.
Ultimately, Circle Economy has supported over 80 businesses, 30 cities and 20 nations. It also boasts the largest online repository of circular case studies demonstrating on-the-ground action, data structures for over 4,000 cities and a monitor tracking the number and range of jobs that form a circular economy. “It’s time to funnel this knowledge into a digital form so that it can reach thousands of more stakeholders,” Bojoh noted.
And now is a unique window of opportunity. Businesses, cities and nations around the world are looking to turn their COP26 promises, pledges and policies into action. What they need is a tool that can guide them toward best practices, based on on-the-ground knowledge and up-to-date data.
This is where Ganbatte comes in.
A digital platform can disseminate knowledge — fast — and amplify it
“We need to act now and share our knowledge–and fast. The best way to do this is to use a digital platform as an amplifier. It is an essential distribution platform for our hard-earned knowledge,” said Bojoh. The magic here lies in the sheer number of people a digital tool can reach.
With a digital platform that holds thousands of datasets from around the world, 1,000 cities could effectively search for, identify and implement circular solutions concurrently. Ganbatte will consist of three levels to support the implementation of an action-focused circular economy:
Explore: Set a baseline for circularity on the business, city or nation level.
Scan: Identify levers for change.
Act: See how to take effective action.
But time is not on our side and we need your help
In bringing Ganbatte to market, there are three challenges, Bojoh explained. “First: time is not on our side. We need to develop and launch powerful digital tools as soon as possible to ensure businesses, cities and nations have the opportunity to implement the recommended circular strategies. This is imperative in light of the climate targets that we must reach to protect our futures.”
Secondly, Ganbatte will offer case studies collected from around the world. “To ensure we can distribute the rich knowledge out there, we need everyone out there who has tried, succeeded or failed with any circular strategies to share their stories so others can learn from it,” Bojoh said.
And finally: funding. Ever since the Paris Agreement came into effect, climate tech investments have surged around the world, growing nearly five times from $6.6 billion in 2016 to over $32 billion in 2021. “We need to ride this wave,” Bojoh said. We are grateful for the support we have received from trusts and foundations, and continue to seek support for our multi-year roadmap.
We know that a global circular economy can mitigate the worst impacts of climate breakdown: our hurdle now is translating theory into action on a world-wide scale. Information needs to be accessible to all businesses, cities and nations — not just those that can afford it. Ganbatte can take us beyond a one-by-one approach that just scratches the surface of work to be done — driving us firmly onto the path toward a future-proof world.
Learn more about Circle Economy’s digital portfolio and data capabilities
Circle Economy’s digital tool collection is large — and growing. From measuring the number of circular jobs and skills that exist in countries, cities or sectors with the Circular Jobs Monitor, to an open-source online library — the largest in the world — of circular economy case studies in the Knowledge Hub to an online tool for businesses to measure circularity in the Circle Assessment Tool. We also drive the formation of data alliances which organize and increase access to data, as well as encourage cross-sectoral collaboration. Learn more on our digital page.
Original Article: greenbiz.com
Is Climate Tech the Hottest Corner of the VC Business in the 2020s?
This is an excerpt from “Climatenomics: Washington, Wall Street, and the Economic Battle to Save Our Planet” (Rowman & Littlefield, 2022). Reprinted by permission of the publisher.
While government policies and leadership from Washington can help accelerate change, there’s another place that can accelerate change much faster: Silicon Valley.
In 2003, as a national technology reporter for a chain of newspapers, I visited the Mountain View, California campus of Google to meet with cofounder Sergey Brin. At the time, Google was still a private company, though there was widespread speculation that it would launch an initial public offering soon. The moment I pulled into the company parking lot, I got a taste that Google wasn’t a typical company. Covering many of the parking spaces were canopies made from solar panels, something that’s commonplace today but back then was pretty unusual. Even more unusual were the thick power cords hanging down from the panels over nearly every parking space, something that didn’t make sense until Brin and team later explained it to me. At the time, electric vehicles were even more uncommon than solar parking lot canopies (the first Tesla wouldn’t hit the streets for another five years). But Google knew EVs were coming someday soon, and it wanted to be ready. Google also wanted employees and other visitors to think about the possibilities that could come with solar-powered parking lots and cars that you could plug in to refuel.
Two of the forward-thinking people responsible for Google’s early solar deployment were Chris Sacca, who as the company’s corporate counsel and later head of special initiatives was involved in Google’s energy purchase agreements, and Andrew Beebe, who was chief commercial officer at solar company Suntech, which helped Google go solar.
“There really wasn’t any corporate interest until those guys stepped up and said, ‘Please build solar arrays all over our campus,'” Beebe recalled during a GreenBiz VERGE [climate] tech conference in October 2021. “But (Google executives) also said, ‘Set it up so we can have Walmart and Cisco and Microsoft and all of our competitors come over and see what we have done.’ They obviously had a hugely catalytic role in making all this happen.”
Both Beebe and Sacca would go on to become successful venture capitalists, Beebe with Obvious Ventures, the firm that helped launch companies such as Medium, Beyond Meat and electric bus maker Proterra, and Sacca with his firm called Lowercase Capital, which funded companies such as Twitter, Uber and Instagram. For about three years, Sacca also was a “guest shark” on the ABC television show “Shark Tank,” where budding entrepreneurs bid for the favor — and the funding — of millionaire investors. But it didn’t take long before Sacca was feeling unfulfilled by funding kitchen gadget start-ups on “Shark Tank” or electronic-gaming companies back in Silicon Valley. He, like Beebe, turned his attention almost fully toward clean-energy and climate-related investments.
Sacca and Beebe represent one of the hottest corners of the venture capital business in the 2020s: climate tech. Some of the companies that investors like them are backing today will likely become the Googles of tomorrow. Only instead of changing the way we search for stuff on the Internet, climate tech companies will change the way we source and store our energy, grow our food, and move from point A to point B, whether on land, water, or air. In doing so, they’ll not only transform our economy, but help save the planet.
In 2021, investments in climate tech companies hit more $31 billion, according to deal tracking firm PitchBook. That was 30 percent more than in 2020 and more than 2.5 times what it was in 2019. Those big numbers will likely only get bigger as federal, state and international clean climate and clean-energy policies are implemented. Quite simply, government policies and funding help reassure venture capitalists and other private investors to put more of their money at risk.
In 2021, investments in climate tech companies hit more $31 billion, according to deal tracking firm PitchBook.
Climate-tech and clean-tech investing is no longer just about solar or wind or even batteries anymore. Those businesses now attract plenty of mainstream investors. They’re almost like investing in restaurants or real estate — they’re too passe for venture capitalists who are more interested in finding more disruptive technologies that can scale quickly and create big returns.
“What we look at every day are energy innovations that are just insane, some of which are doing things that Einstein declared literally would not be possible,” Sacca said at the VERGE conference. “We see stuff happening in synthetic biology, for instance, that’s just nuts.”
Amid the hellish fires in the West, back-to-back hurricanes in the East and scientists everywhere warning that things were only going to get worse, Sacca in August 2021 stepped away from Lowercase Capital, quit “Shark Tank,” and with wife Crystal turned his attention specifically toward figuring out how to fund and support companies trying to do more to address climate change. The couple launched a new investment fund called Lowercarbon Capital. In a matter of days, they raised more than $800 million that Lowercarbon Capital could deploy to try to “un— the planet,” in Sacca’s terms. The fund was so popular, Sacca wrote on Lowercarbon Capital’s blog, that it had to turn investors away. “It turns out that raising for a climate fund in the context of an unprecedented heatwave and from behind the thick clouds of fire smoke probably didn’t hurt,” he wrote.
Since then, Lowercarbon has invested in companies that capture carbon dioxide and turn it into consumer products, reduce carbon emissions from livestock and fertilizers on the farm, and mine materials that are key to batteries and storage in ways that don’t destroy the environment. One such company is Twelve, a Bay Area start-up that “upcycles” carbon dioxide captured from industrial emissions and turns it into everything from jet fuel to sunglasses lenses, replacing fossil fuels and plastic. Another company Sacca was particularly excited about in 2021 was Lilac Solutions, which has raised $150 million to commercialize its lithium-mining technology. Lilac claims it can produce the essential element for batteries 10,000 times faster than conventional methods, using 90 percent less land and water. Lowercarbon Capital has also made numerous major investments in companies at the intersection of agriculture and climate, including start-up Formo, which is following the Beyond Meat and Impossible Burger model to make fine European cheeses that don’t require dairy or cows; Entocycle, which has figured out how to speed up the gestation period for black soldier fly larvae which happen to be some of the world’s fastest converters of food waste to protein; and Nitricity, which uses solar-powered modules placed around farms to literally make fertilizer out of thin air by converting and processing nitrates found in the atmosphere.
If garbage-eating fly larvae and fine cheeses bioengineered in a sterile laboratory don’t sound like appealing business models, think again. According to research group Climate Tech VC, food-and-water-related climate tech was the biggest sector for climate venture funding in 2021, followed by mobility, consumer goods, and clean energy. Tech investors’ take on food and agriculture is yielding new high-tech twists in one of the world’s oldest and most established economic sectors. Seattle-based clean-agriculture start-up Nori, for instance, got its start in 2017 when its cofounders entered a hackathon contest for coders to figure out new ways to use blockchain technology for social good. Far from the nearest farm, what they came up with was a way to use blockchain technology to monitor and track low-carbon agriculture practices and then monetize that by selling farm-based carbon-removal offsets.
In doing so, Nori is incentivizing farmers to use more climate-friendly agriculture practices that don’t just reduce carbon emissions but actually increase the ability of soil and crops to store carbon, while also creating a new marketplace for carbon removal and trading. In 2020, Nori raised more than $5 million in seed funding to launch its platform. “We call it climate-smart agriculture — thinking of carbon removal like a crop,” Christophe Jospe, a Nori cofounder, told E2.
This excerpt has been updated since publication.
Original Article: greenbiz.com
Walmart Begins Search for Sustainable Packaging
“We don’t have time to waste.” With this imperative tagline, American retail giant Walmart launched its Circular Connector this spring.
The goal: to accelerate innovation in the field of sustainable and circular packaging, creating a bridge between companies looking for packaging that has less impact on the environment and those with new solutions to offer.
Searching for sustainable packaging
That the world’s largest retail multinational is launching an online platform to encourage the circular economy of packaging — even while accounting for some form of greenwashing — is undoubtedly great news.
After all, it’s a fact that consumers are becoming increasingly sensitive to the problem of plastic pollution and in general to any aspect related to the sustainability of products. And Walmart, the retail chain of over 10,000 stores around the world, is held accountable by consumers on a daily basis.
Hence the ambitious commitment that the multinational has set for itself by 2025: to achieve that 100 percent of packaging on its shelves would be either recyclable, reusable or industrially compostable. And hence the rush to find solutions to reach the goals.
It’s a fact that consumers are becoming increasingly sensitive to the problem of plastic pollution… And Walmart is held accountable by consumers on a daily basis.
The Circular Connector was therefore created as an online tool to connect packaging designers and manufacturers with companies in various sectors, from food to cosmetics, from fashion to toys. “Basically,” explains a statement on Walmart’s website, “it’s a platform to accelerate packaging innovation and implementation. We want to make it easier for suppliers and brands to find sustainable packaging solutions, thus enabling all of us to move faster toward waste reduction.”
How does the Circular Connector work?
The Circular Connector is accessed from the multinational company’s sustainability policy site, the Walmart Sustainability Hub. To participate, sustainable packaging manufacturers or designers must fill out a special questionnaire with a series of questions about the functions, materials and recyclability of the candidate packaging. Each proposal will then be reviewed according to Walmart’s packaging sustainability goals and, if compatible, will be posted on the site and made available to brands for possible supply contracts.
Reiterating, pragmatically, that they “don’t have time to waste,” the project leaders also made available the company’s Recycling Playbook, based on the two principles of recyclability established by the Ellen MacArthur Foundation. Namely: 1. Is there, in practice, a system for large-scale recycling of this category of packaging that guarantees at least a 30 percent recycling rate for over 400 million people? 2. Do the packaging components fit into that system?
Walmart’s handbook also contains valuable guidance on materials, such as those that are difficult to recycle and therefore tend to be excluded from sorting: metallic films, multi-layer materials, PVC or PVDC, PETG in rigid plastic packaging, oxo-degradable plastics and colored PET.
“We need to work together to promote innovative solutions on a large scale,” states Walmart. “Companies with reusable, refillable, recyclable and other sustainable packaging solutions should therefore come forward. There are hundreds of brands striving to achieve their own packaging sustainability goals, just like Walmart, and the Circular Connector is one tool available to them in this journey.”
Original Post: greenbiz.com
Episode 317: Conversations About Circularity
This week’s run time is 1:03:05.
CONSIDERING CIRCULARITY (8:50)
Featuring a recap of interviews and stories from Circularity 22, held this week in Atlanta.
INTERVIEW: Jon Smieja, vice president of circularity and senior analyst for GreenBiz, reflects on hot topics and themes
STORY/AUDIO HIGHLIGHT: Planet vs. plastic: Three steps to solving the global plastics crisis (Featuring Keiran Smith, co-founder and CEO of Mr. Green Africa, on how to encourage decisions made at the local level.)
STORY/AUDIO HIGHLIGHT: John Warner: How to do the materials economy right (Featuring John Warner, senior vice president and research fellow of Zymergen, on how green chemistry could enable the leap to a regenerative, circular economy … if we educated chemists.)
CHITCHAT: Textile recycling tech startup triumphs in Circularity 22’s Accelerate competition
AUDIO HIGHLIGHT: Suzanne Shelton, founder and CEO, Shelton Group (On the importance of shifting context; and what that disturbing baby wrapped in cellophane image teaches us about marketing circularity.)
More sustainable consumer goods (47:30)
Interview with new CEO Christy Slay of The Sustainability Consortium, about priorities, circularity and engaging nimble innovators.
*Music in this episode: Lee Rosevere: “Not My Problem” and “Let That Sink In”; ItsWatR: “Awakening Instrumental”
Original Post: greenbiz.com
Finance5 months ago
The 10 Best Online Business Analytics Certifications to Power up Your Resume
Finance3 months ago
Meet Dartmouth Tuck’s MBA Class of 2023
News5 months ago
Benitez: Everton Careful but Want ‘two or Three’ Signings
Environment5 months ago
25 Cities Show How Major Climate Wins Are Possible
Environment5 months ago
Trying to Be (actually) Carbon Neutral: Three Lessons
Finance4 months ago
GMAT Averages Rebound Big Time at the Top 50 MBA Programs
Environment3 months ago
Episode 303: Open up ESG Data, Brush up on Quantum Computing
Finance5 months ago
The Latest: Covid-19 Responses & January Plans at the Top 25 MBA Programs