August 23, 2022
Photo: Geng Yu/VCG via Getty Images
Hello and welcome! We are making “hot girl summer” jokes like they are going out of style. What’s that? They’re out of style? Hmm. Well, nevertheless. Today, our newsletter is diving into the heat cooking China’s supply chain, a CDR code of conduct and a $100 million EV charging battle in Indiana. It's a veritable climate news salad. Grab a fork!
Searing temperatures have turned China into a furnace this summer. That’s resulted in power cuts to factories, including ones that make batteries, electric vehicles, polysilicon and other materials needed for decarbonizing. It reflects the bumpy road ahead for climate tech, one where the world’s race to decarbonize will be affected by the climate crisis impacts already baked in.
China’s summer of heat has been a nightmare. Extreme heat has gripped much of the nation all summer, but it’s been on another level the past few weeks.
The tech to save us from climate change is suffering as a result. The heat coupled with drought has curtailed hydropower, leading to factory shutdowns. Oh, the irony.
Supply chains are increasingly feeling the heat from climate change. There’s a growing body of evidence — both in academic literature and the real world — that supply chains are increasingly vulnerable.
While many tech companies have focused on getting their suppliers to decarbonize, the risks that are already here — to say nothing of the future ones in the pipeline — show the need for companies to also work with suppliers to adapt to climate shocks.
“Adaptation can take a whole lot of different ways,” Schiller said. “[There are] physical adaptations, as in, we put a higher wall so the floods aren't going to get to a factory, or it could mean changing patterns of work: Do you work later, do you work earlier?”
Find out more about what companies can do and what the risks are here.
— Brian Kahn
Big Tech is going all in on carbon dioxide removal, and startups have proliferated in the space. More than $1.4 billion poured into the climate tech space this past quarter. But there are potential ethical issues that should be addressed before the industry gold rush goes too far.
CDR is a small industry — for now. All those startups suck a few thousands tons of carbon from the sky a year. But it’s possible they’ll have to scale up to remove billions of tons by the end of this century.
Some groups are trying to create a carbon removal code of conduct. Getting ahead of potential pitfalls is as vital to the success of the industry as getting removal costs to $100 per ton or less.
Creating a code of conduct is a fine line between rigor and greenwashing. Like corporate net zero pledges, these codes of conduct don’t have teeth; there’s nothing holding pledge-makers and oath-takers accountable to their promises. Still, putting out a public pledge can nudge companies toward responsible behavior, and there are ways to ensure codes of conduct are rigorous enough.
“Like so many technocratic interventions,” he said, carbon removal has become an “end” in and of itself, as opposed to a means to an end. “You can’t have carbon removal projects override people’s well-being,” he added.
Read more about the ethics of CDR here.— Michelle Ma
How cybercrime is going small time: Cybercrime is often thought of on a relatively large scale. Massive breaches lead to painful financial losses, bankrupting companies and causing untold embarrassment, splashed across the front pages of news websites worldwide.
That’s the amount of money Indiana is set to receive from the Bipartisan Infrastructure Law to build out a network of electric vehicle charging stations by 2025. That’s all well and good, but local officials and Indiana NAACP leaders are calling on the Biden administration to reject the state’s plan, arguing that communities of color have been left out of the planning process. It could even lead to entrenching racist transportation policies the Biden administration has vowed to rectify.
"The state of Indiana has created a plan that is not equitable for communities of color, Black and brown,” said Henry Davis Jr., a city council member in South Bend, where Transportation Secretary Pete Buttigieg was mayor. “We want to be included in that plan. It is kind of hard to be included on a plan when you are not even at the table.”
An alliance that includes the Indiana NAACP, Black Lives Matter South Bend and local Black business leaders is worried because the plan makes fleeting mention of the state’s commitment to equitable distribution of charging stations but is light on details about how exactly the state plans to go about achieving those goals. The state, for its part, noted in its EV plan that it consulted with groups including the NAACP and the South Bend chapter of Black Lives Matter, but those meetings were not open to the public.
The federal government now has until Sept. 30 to consider the state’s plan.
Read more about the fight to ensure that the plan is fair here.
— Kwasi Gyamfi Asiedu
The Inflation Reduction Act could pay long-term dividends. A new OMB analysis shows the law could save up to $1.9 trillion by midcentury by reducing the risks of climate disasters and cutting air pollution.
We could soon be plumbing the ocean’s depths for EV materials. A United Nations body is working up final rules to regulate deep-sea mining.
Au revoir l’auto, bonjour les e-bikes. France is upping its subsidy for those trading in their gas-powered cars for a bike or e-bike, offering up to 4,000 euros.
Rubber, meet road. Tires and wheel size play a surprisingly big role in an EV’s range.
California finally gives EV drivers a break. The state has at long last changed its policy requiring EV owners to install a second meter to gauge their car’s power use.
The IRA will boost nuclear power. While the law has made headlines for its renewables provisions, it also includes benefits for nuclear power that include a production tax credit to keep existing plants operating.
Turns out mining uranium near the Grand Canyon is unpopular. Shocking findings, really.
How cybercrime is going small time: People have been swindled since before man created monetary systems. These aren’t new crimes; just new ways to commit them. But as cybercrime increasingly goes small-time, those on the front lines will need new and more effective ways to fight it.
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