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Google Targets the Other Type of GHG Emissions: Superpollutants
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Today: Carbon market registry Isometric is adding methane and HFCs to its list of removal methodologies; how China took over the world’s rare-earths industry; startup to fight wildfires with water cannons on drones.
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Google’s deal with Recoolit focuses on destroying pollutants found in devices like air conditioners and refrigerators. Photo: Yuichi Yamazaki/AFP/Getty
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Welcome back: Tech giant Google wants to tackle other forms of greenhouse emissions outside of carbon dioxide, and is buying credits to kick-start a new removals market.
WSJ Pro Sustainable Business's Yusuf Khan reports that while most people think of CO2 when it comes to GHG removal, Google now wants to also tackle gases like methane, hydrofluorocarbons, chlorofluorocarbons and nitrous oxide. Those gases have a much greater near-term impact on global warming, with methane far more potent in terms of its warming potential in the early years of its release into the atmosphere.
Google is purchasing up to 25,000 tons of superpollutant-destruction credits between now and 2030 from two organizations, Recoolit and Cool Effect. Google said that is roughly equivalent to 1 million tons of CO2 removal in the long term.
Google’s deal with Recoolit focuses on destroying pollutants like HFCs and CFCs found in devices like air conditioners and refrigerators. The startup is working with engineers in Indonesia to trap the gases when air conditioners are serviced or scrapped. Meanwhile, Cool Effect’s deal with Google will involve trapping and destroying methane emissions from a landfill site in the Brazilian city of Cuiabá.
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Methane warms the planet far more than carbon dioxide but dissipates more quickly. Solutions range from satellite monitoring to high-tech cattle feed. (WSJ)
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High-quality fashion materials such as wool or leather are responsible for an outsize share of the industry’s methane footprint. (WSJ)
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West Virginia will unveil the Mountain State Plugging Fund to retire approximately 20,000 old oil and gas wells to prevent environmental contamination. (WSJ)
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Content from our sponsor: Deloitte
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Leveraging New Market Instruments to Drive Sustainability
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As sustainability frameworks evolve, Scope 3 market instruments are emerging as a means apart from carbon credits to help fund efforts to reduce emissions in organizations’ value chains. Read More
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How China Took Over the World’s Rare-Earths Industry
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Mountain Pass open-pit rare-earths mine in California, owned by MP Materials. Bridget Bennett/WSJ
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When China tightened restrictions on rare-earth exports this month, stunning the White House, it was the latest reminder of Beijing’s control over an industry vital to the world economy. Its dominance was decades in the making, the WSJ's Jon Emont reports.
Since the 1990s, China has used aggressive tactics to build up and maintain its lock over rare-earth minerals, which are essential to making magnets needed for electric vehicles, wind turbines, jet fighters and other products.
Beijing provided financial support to the country’s leading companies, encouraged them to snap up rare-earth assets abroad, and passed laws preventing foreign companies from buying rare-earth mines in China. It eventually consolidated its domestic industry from hundreds of businesses into a few giant players, giving it further leverage over prices.
When the U.S. tried to engineer a revival of its domestic industry a few years ago, China flooded the market with supply, throwing Western producers into a tailspin. As Western rare-earth companies’ valuations collapsed from the low prices caused by soaring Chinese production, they were forced to slow their expansions, and in some cases, sell their mines to Chinese buyers.
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A new critical minerals deal between the U.S. and Australia sparked a rally in mining stocks, as investors bet the alliance would pave the way for projects that could loosen China’s grip on commodities vital to defense and modern technologies. (WSJ)
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Four things to know about Beijing’s rare-earths bombshell. (WSJ)
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Startup Aims to Fight Wildfires With Water Cannons on Drones
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Seneca founder and CEO Stuart Landesberg with two of his company's drones.
Photo: Seneca
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Water-carrying drones that can quickly douse wildfires before they explode into massive conflagrations have long been a dream of technologists and forward-thinking first responders. Volatile conditions and the need to cover vast acreage still pose difficulties, but one startup says it’s close to making the vision a reality, WSJ Pro's Marc Vartabedian reports.
Sausalito, Calif.-based Seneca has raised a $60 million venture financing to further its development of drones equipped with autonomous dispatch and flying capabilities—and a double-barreled water cannon. So far, the drones have only extinguished test fires, but Seneca is expecting its first commercial real-world use next year. Eventually, the company wants to partner with fire departments and federal agencies across the American West.
Seneca hopes to use its drones on new ignitions while they are still small enough to extinguish, or keep from spreading, until firefighters arrive. Seneca did testing with the Aspen Fire Protection District in Colorado and the San Bernardino County Fire Protection District in Southern California, which were more open to moving quickly on new tech, as opposed to major agencies like Cal Fire or the Forest Service, the company said.
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Governments and financiers are increasingly looking at climate adaptation as a way of funding defense against extreme weather. (WSJ)
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The climate movement has long feared that talking about adaptation would signal defeat. But adaptation isn’t surrender—it’s survival. (WSJ)
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Investment is growing in plans to control flooding, address extreme heat and shore up infrastructure to withstand severe weather. (WSJ)
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