"Steel production generates almost 10 percent of global carbon emissions and has long been considered 'hard to abate'. Enter Boston Metal, a startup that aims to make carbon-free steel using only (sing it with me!) clean electricity. In this episode, CEO Tadeu Carneiro explains 'molten oxide electrolysis' and its potential to transform the industry."
#ClimateChange#CarbonEmissions#Inequality: "Rich individuals in all countries must pay more to tackle the climate crisis, whether through taxes or charges on consumption, one of the architects of the Paris agreement has said.
There is a growing consensus on the need for some kind of global wealth tax, with Brazil, which will host the Cop climate summit next year, an enthusiastic supporter.
Meanwhile, poor countries are struggling to raise the estimated $1tn (£785bn) a year of external finance needed to help them cut emissions and cope with the impacts of the climate crisis.
Another proposal is for a frequent flyer levy, as the richest people tend to take far more flights – in any year about half of the people in the UK do not fly, for instance. Laurence Tubiana, the chief executive of the European Climate Foundation, said a levy could be targeted at business class and first class seats.
Other possible sources of revenue include a carbon tax on international shipping, which could raise billions without disrupting global trade, according to research from the World Bank. Levies on fossil fuels could also play a role.
The richest 1% of people in the world are responsible for more greenhouse gas emissions than the 66% at the other end of the scale, yet they experience little of the vulnerability to climate shocks that are causing suffering and death, mainly among poorer people."
“I’m wondering if something subliminal has happened after reading Bicycling Monterey. I’ve been riding the Rock Island Greenway Trail for the last week and a half. Just a wonderful and beautiful ride! It’s not Monterey, California, but a real gem for Peoria, Illinois.”—Richard Coers