November 15, 2022
Photo: Ezra Bailey/Getty Images
Hello and happy Taylor Swift presale day to all who celebrate. Today’s newsletter will not be a treatise on how “Snow on the Beach” is a climate change song, as tempting as it may be. Instead, we’re diving into the climate tech leaders who are welcoming laid-off tech workers, as well as why two-wheelers are the future of EVs.
Laid-off tech workers have a potentially lucrative opportunity waiting in climate tech, if they want it. That’s the message the burgeoning industry is sending to many of those affected by the massive layoffs at major tech companies like Meta, Twitter, and Stripe in recent weeks.
Leaders in climate tech are trying to help workers find soft — and meaningful — landings. Former senior leaders at Lyft, Stripe, and Twitter who now work in climate have been coordinating over the past week with workforce development groups including Climate Draft, Terra.do, MCJ Collective, and Work on Climate.
The climate tech sector is growing rapidly. Startups need software engineers, and they still need product managers. Lots of them.
The word is clearly getting out. There are signs that the tech to climate tech shift is already afoot.
“What’s happening in climate is we have the perfect storm of political will, capital, and the maturity of technology all happening simultaneously, especially in the U.S.,” Bapna said.
Read more on why it’s the perfect time to get in on the climate tech ground floor.
— Michelle Ma
Tired: passenger electric vehicles.
Wired: electric motorcycles, scooters, and mopeds.
While EVs like the Ford F-150 Lightning and Tesla Model 3 get all the press, the real EV explosion is already happening on two wheels. There are 275 million two- and three-wheel EVs on the road globally, and that number is set to rise even higher as new policies and incentives spread and the number of startups making electric two-wheelers grows.
Asia is ground zero for the two-wheel EV revolution ... China is the epicenter, with roughly 9.5 million new two-wheel EVs registered in 2021 alone. But it’s far from the only place two-wheel EVs are cruising. Geography, economics, and policy make motorcycles and mopeds a perfect fit for the region.
… but the revolution could spread. In Europe and North America, motorcycles are more of a way to get around for fun — say, a weekend leaf-peeping in the White Mountains — than a daily way of life. But e-motorcycles don’t have to be relegated to niche recreation, nor should they be necessarily.
Read more about the growing e-motorcycle wave.— Brian Kahn
Automation also ensures consistency and standardization. The more automated the process is, the more you ensure that it’s going to be consistent every single time, whereas with a manual process, three different people may do it three different ways.
That’s the combined GDP of dozens of countries around the world, and it’s also Jeff Bezos’ net worth. And soon, Bezos could be putting it to work for the climate.
The world’s fourth-wealthiest person announced on Monday that he’s planning on giving away the majority of his wealth to charity during his lifetime. (He did so on the day that the company he founded started laying the groundwork for letting go of up to 10,000 workers.) The bulk of it will go toward fighting climate change.
Before you get too excited, it’s worth noting that this falls short of the commitments made by a number of other billionaires, including all of the ones that have signed onto The Giving Pledge.
Meanwhile, Amazon’s climate track record has been spotty at best. The company committed to reaching net zero by 2040, but its carbon footprint grew by 18% in 2021. And much of the company’s recent climate commitments only came after a major push on the part of activist employees rather than being led by, well, leadership.
— Michelle Ma
It’s a long road to get copper from mine to EV, and this story shows every bump along the way. (Buckle up!)
The U.S. and China are talking about climate again. After months of silence, the world’s two biggest emitters agreed at the G20 meeting to open bilateral talks. TBD if it brings climate negotiations in Egypt to a fruitful conclusion.
France will cover parking lots with solar panels. New legislation could turn car parks into power-generating gold mines, with up to 11 gigawatts of capacity, which could power millions of homes.
Magnets could change the nuclear fusion game. Recently published research found that magnets could juice attempts to create more power than scientists put into the process.
Not fair: New EV loan companies say buyers with conventional loans to buy electric are getting a raw deal — and offer alternatives that factor in the incentives and gas savings.
Global carbon market talks at COP27 are off to a rough start, reportedly stalled by technical details. (And this isn’t the first time the market has gotten caught in the weeds.)
Amid current economic uncertainty, every business is moving to a stage where we need to do more with less through improved efficiency and automations. When you move to a life cycle management solution, your organization gains the predictability that it needs all the time, and especially right now.
Thanks for reading! As ever, you can send any and all feedback to email@example.com. See you Thursday!