Bloomberg Businessweek Combating Energy Waste, The Fragrance Queen
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Dec 16, 2024 
Jonathan Maxwell, CEO of SDCL and author of "The Edge," dives into sustainable energy solutions, emphasizing the staggering $2 trillion wasted annually and the urgent need for decentralized energy systems. Linda G. Levy, President of The Fragrance Foundation, explores the booming global fragrance market, projected to surpass $64 billion by 2030. She discusses evolving consumer preferences and the significance of personal scents for mental health. Together, they reveal how innovation and consumer awareness are shaping their respective industries.
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ESG Backlash
- ESG has faced criticism for potentially compromising financial returns for environmental goals.
- This goes against the fiduciary duty of fund managers, leading to lawsuits.
Energy Waste as Opportunity
- A significant amount of energy is wasted in extraction, generation, transmission, and building usage.
- Decentralizing energy generation and improving building infrastructure can address this waste.
Bloomberg's Cogeneration
- Bloomberg's London office uses a cogeneration system for greater efficiency.
- This illustrates the potential for on-site energy solutions.