Climate Positive

For several years, well-intentioned companies seeking to reduce their emissions from electricity consumption – a primary component of their Scope 2 emissions – have bought Renewable Energy Credits (RECs) or signed Power Purchase Agreements (PPAs). Known as energy or megawatt hour matching, this approach, which forms the backbone of the Greenhouse Gas Protocol’s Scope 2 Market-Based Method accounting system, does not distinguish the time, location or emissions profile of a company’s electricity consumption from that of its REC and PPA interventions to offset this consumption.But as different grids have decarbonized at different rates over the years, the emissions impact of a REC purchased or PPA signed in one location at a particular time no longer necessarily has a similar impact to RECs purchased or PPAs signed in different locations covering different periods of time. In essence, at least as it pertains to carbon impact, not every megawatt hour is created equal. In this episode, recorded at the GreenFin 23 Conference in Boston, Chad leads a panel of industry experts – including Katherine Collins of Putnam Investments; Hank He of Tabors Caramanis Rudkevich; Lee Taylor of REsurety; and Rob Threlkeld of General Motors – on the deficiencies of energy matching, the benefits of a new approach known as carbon matching and the resulting implications for ongoing efforts to reform Scope 2 of the Greenhouse Gas Protocol. Links: Tabors Caramanis Rudkevich White Paper: A Comparison of Strategies for Tackling Corporate Scope 2 Carbon EmissionsREsurety White Paper: Emissions Implications for Clean Hydrogen Accounting MethodsGeneral Motors 2022 Sustainability ReportEpisode recorded June 26, 2023Email your feedback to Chad, Gil, and Hilary at climatepositive@hasi.com or tweet them to @ClimatePosiPod. Email your feedback to Chad, Gil, Hilary, and Guy at climatepositive@hasi.com.

Nanobubbles provide an effective solution to many of the challenges of climate change. These nanoscopic bubbles are 2500 times smaller than a single grain of salt and can be formed with any gas.  Unlike larger bubbles, they remain suspended in liquid longer and remain stable until they interact with surfaces or contaminants. Their size allows them to achieve dissolved oxygen levels many times greater than those achieved using traditional aeration technologies. With applications from industries including agriculture, aquaculture, oil and gas, mining, and municipal and surface water treatment, nanobubbles can improve energy efficiency, save water, and reduce chemical use. In this episode Hilary Langer talks with Moleaer’s CEO Nick Dyner.  Moleaer provides nanobubbles-as-a-service, nanobubble equipment, and water quality improvement around the world. Links: MoleaerArticle: Capitalism Vs. Climate Change: Moleaer’s Innovative Nanobubbles (forbes.com)Article: Moleaer Deploys Nanobubble Generators to Eliminate Foul Odour (h2oglobalnews.com)NOAA: Nanobubble Ozone Technology Shown to Eliminate Invasive Species in Ballast WaterArticle: A breath of fresh air: how nanobubbles can make aquaculture more sustainableArticle: Nanobubbles as an Emerging Sanitation TechnologyEpisode recorded: May 25, 2023Email your feedback to Chad, Gil, and Hilary at climatepositive@hasi.com or tweet them to @ClimatePosiPod. Email your feedback to Chad, Gil, Hilary, and Guy at climatepositive@hasi.com.

Every community across the globe produces waste. This waste can come from landfills, decomposing food, animal manure, and wastewater sludge. As this waste decomposes, it emits natural gas – primarily composed of methane, which is a naturally occurring but very potent and harmful greenhouse gas. In fact, methane is nearly 30 times more potent at trapping heat in our atmosphere than carbon dioxide. Renewable Natural Gas (RNG) projects capture this methane before it harms our environment and repurposes it to create clean and reliable energy that is used to generate electricity, power our vehicles, heat our homes, cook our food, and many other productive purposes. In this episode, Chad and Gil speak with Michael Bakas, Executive Vice President at Ameresco, a leading cleantech integrator specializing in energy efficiency and renewable energy. Michael details the various RNG production pathways and revenue streams, discusses his views on RNG market growth drivers, and makes a compelling case for the essential role of RNG in the energy transition. Links: Michael Bakas Bio Ameresco White Paper: Making Your Organization Carbon Neutral with Renewable Natural GasAmeresco White Paper: Beyond Hydrogen: Renewable Natural Gas (RNG) & Deep DecarbonizationAmeresco Case Study: BMW Landfill Gas to Energy, SCRNG CoalitionEpisode recorded May 4, 2023Email your feedback to Chad, Gil, and Hilary at climatepositive@hasi.com or tweet them to @ClimatePosiPod. Email your feedback to Chad, Gil, Hilary, and Guy at climatepositive@hasi.com.

In this week's episode, Gil speaks with Matt Rogers, the founder and CEO of Mill, a startup revolutionizing how we tackle food waste. They delve into the inspiration behind Mill, discussing how the idea came about and the parallels to Matt's previous work as the co-founder of Nest, the company behind the iconic learning thermostat and other smart home products. Matt discusses the functionality of Mill's kitchen bin, which transforms food scraps into nutrient-rich animal feed, and how the company is bringing this groundbreaking product to the market. He explains the emissions profile of Mill's appliance and the positive impact it can have on reducing greenhouse gas emissions. Also, Matt shares his insights on the crucial role of technology and innovation in driving sustainable solutions.Links: Mill WebsiteMill Impact StatsMatt Rogers TwitterMatt Rogers LinkedInMill LinkedInMill TwitterMill InstagramMill TikTokEpisode recorded May 2. 2023 Email your feedback to Chad, Gil, and Hilary at climatepositive@hasi.com or tweet them to @ClimatePosiPod. Email your feedback to Chad, Gil, Hilary, and Guy at climatepositive@hasi.com.

Seafood provides nearly 20% of the animal protein humans consume globally. This growing source of protein is also rather healthy with many of our nutrient-rich foods coming from aquatic creatures. But already, the supply of our wild capture seafood has flattened, meaning that the vast majority of our global fisheries today are being overfished in an unsustainable manner. Fortunately, Finless Foods and other sustainable seafood startups are working to bring sustainability-driven innovation to the seafood space. With both plant-based and cell-cultured options, consumers are finally beginning to experience the taste and value of seafood alternatives that are better for our oceans and their inhabitants as well as our climate. In this episode, Chad Reed talks with Finless Foods’ chief strategy officer Shannon Consentino-Roush about the past, present and future of the sustainable seafood movement and industry. Links: Finless FoodsArticle: World Tuna Day: How sustainable are tuna fisheries?Article: Wild seafood has a lower carbon footprint than red meat, cheese, and chicken, according to latest dataEpisode recorded: April 21, 2023Email your feedback to Chad, Gil, and Hilary at climatepositive@hasi.com or tweet them to @ClimatePosiPod. Email your feedback to Chad, Gil, Hilary, and Guy at climatepositive@hasi.com.

In this week's episode, Gil Jenkins and Hilary Langer speak with Jason Horowitz and Emma Bubola of The New York Times about their recent cover story on Venice's battle against the relentless forces of rising seas. They discuss the unlikely early success of the MOSE sea walls in protecting the city during high water events that have become increasingly commonplace due to climate change.Links: As Sea Levels Rise, the Savior of Venice May Also Be Its Curse, (The New York Times, April 2, 2023)MOSE Venezia ProjectAll Emma Bubola StoriesAll Jason Horowitz StoriesJason on TwitterEmma on TwitterRecorded: April 21, 2023Email your feedback to Chad, Gil, and Hilary at climatepositive@hasi.com or tweet them to @ClimatePosiPod. Email your feedback to Chad, Gil, Hilary, and Guy at climatepositive@hasi.com.

With extreme weather events proliferating, insurance companies are already on the front lines of climate change. In this episode, Chad Reed speaks with Sarah Chapman, Chief Sustainability Officer for Manulife – one of the world’s largest insurance providers and investment managers. Sarah discusses how Manulife incorporates ESG risks and opportunities, including emissions accounting and biodiversity issues, into its operations and investment decisions, the three pillars of Manulife’s ambitious impact agenda, and the role of industry associations and policy in supporting financial material ESG initiatives. Links:Manulife’s Environmental, Social and Governance Report (2021)Manulife’s Impact AgendaTaskforce on Nature-related Financial DisclosuresEpisode recorded: April 12, 2023Email your feedback to Chad, Gil, and Hilary at climatepositive@hasi.com or tweet them to @ClimatePosiPod. Email your feedback to Chad, Gil, Hilary, and Guy at climatepositive@hasi.com.

More than 90% of Fortune 500 companies report their emissions using the Greenhouse Gas Protocol (GHGP), which supplies the world’s most widely used greenhouse gas accounting standards. But despite significant advances in data analytics around emissions measurement, it’s been nearly a decade since the GHGP was last updated. Thankfully, the NGOs that manage the GHGP recently kicked off the update process, soliciting feedback from stakeholders across the spectrum. In this episode, Chad Reed and HASI Strategic Advisor Brendan Herron speak with Faraz Ahmad, Head of Net Zero Grid for Amazon. Faraz dives deep into the efforts of the Emissions First Partnership, a consortium of companies working together to reduce their emissions with the most impactful clean energy projects and to move away from megawatt hour matching and toward integration of an emissions-based framework into the GHGP. Faraz also discusses how underserved regions – both across the globe and within the U.S. itself – could economically benefit from an emissions first approach to the energy transition.Links: Greehouse Gas ProtocolEmissions First PartnershipCarbonCountEpisode recorded: March 28, 2023Email your feedback to Chad, Gil, and Hilary at climatepositive@hasi.com or tweet them to @ClimatePosiPod.  Email your feedback to Chad, Gil, Hilary, and Guy at climatepositive@hasi.com.

Expanding access to clean energy like solar is essential to global climate goals, and it is especially impactful for the residents on island nations in the Caribbean that face high energy costs and are exposed to increasingly violent storms. As the director of projects for the Rocky Mountain Institute (now known as RMI), Chris Burgess navigates the decarbonization and decentralization of energy in markets that have previously been left out of the energy transition. Hilary Langer and Chris Burgess (Director of Projects for RMI) discuss why decentralized power is especially important to quality of life in underserved communities, how to establish alignment among disparate stakeholders, and how urgent action can be scaled. Links: RMI on 60 MinutesRMI (Rocky Mountain Institute)RMI’s “Solar Under Storm” ReportChristopher Burgess on LinkedInAmory Lovins, Soft Energy PathsMia Mottley UN Profile: Champions of the Earth Episode recorded: March 23, 2023Email your feedback to Chad, Gil, and Hilary at climatepositive@hasi.comor tweet them to @ClimatePosiPod. Email your feedback to Chad, Gil, Hilary, and Guy at climatepositive@hasi.com.

In this episode, Gil Jenkins speaks with Peter Krull, Partner & Director of Sustainable Investing at Earth Equity Advisors, A Prime Capital Investment Advisors Company. Peter focuses on creating and managing Earth Equity’s sustainable, responsible, and impact investment portfolios as well as writing thought leadership pieces and elevating the responsible investing story.Gil talks with Peter about his background and journey into the industry, how sustainable investing has evolved from socially responsible investing (SRI), which focused on exclusion, and the differences between impact investing, ESG investing, and sustainable investing from his point of view.  Peter also shares his thoughts on a few of the energy and environmental sectors that excite him most. Links:WebsitePeter Krull TwitterPeter Krull LinkedInFull Bio: Pete is a well-known leader in the green business community and a long-time advocate for fossil-fuel-free and sustainable, responsible, and impact (SRI) investing.He began his investment career at Merrill Lynch in 1998 where he earned the firm’s Certified Financial Manager designation. He honed his investment management skills as he guided his clients through the dot-com bubble and recovery.In 2004, he hung up his shingle as Krull & Company and began the journey as a conscious entrepreneur. From the beginning, he knew that his firm would focus on responsible investing and trademarked the phrase, helping you align your investments with your values®. In 2017, Krull & Company became Earth Equity Advisors.Over the years, he has provided leadership to clients, colleagues, and communities. From chairing the Asheville-based environmental non-profit MountainTrue through a pivotal expansion to guiding Earth Equity Advisors’ rapid growth and rise to prominence as a six-time Best for the World™ honoree, Pete’s impact on the responsible investing movement is clear.He was named one of the 100 most influential financial advisors in America by Investopedia in 2018 and became one of the first individuals to earn the Chartered SRI Counselor™ designation from the College for Financial Planning. In 2021, Pete was featured by The Collider among the Faces of Climate City, which highlights Asheville, NC residents who are providing leadership in the Climate industry. He was also recognized on Real Leaders’ list of 70 Environmental Leaders You Should Know alongside Sir David Attenborough, Jane Goodall, and Greta Thunberg, and was selected for the LUMINARIES Class of 2021 by ThinkAdvisor in the category of Thought Leadership & Education. Recognition continued in 2022 with Pete being announced as a finalist for the RIA Intel Awards’ ESG Advocate of the Year, appearing on AdvisorHub’s list of Fastest Growing Advisors to Watch in 2022, and receiving the 2022 Sustainable Champion Award from the North Carolina Business Council.Pete’s expert opinion is sought after by The New York Times, Bloomberg, Money Magazine, CNBC, The Washington Post, Investors Business Daily, US News & World Report, MarketWatch, Investment News, Wealth Management, RIA Intel, Barron’s, and other notable national publications, podcasts, and channels. He is also a contributing writer to top business publications, Forbes and Kiplinger. As Partner and Director of Sustainable Investments, he is responsible for leading the firm’s SRI initiatives, including thought leadership, education, and managing the sustainable investment portfolios.A native of Western New York, he lives in Asheville, NC with his wife, Dr. Melissa Booth, a microbiologist, author, and the founder of The Science Communicator. He is a serious amateur photographer, a lover of world travel, and a huge fan of the Buffalo Sabres. As you would expect, their house is solar-powered and their cars are electric.Episode recorded February 3, 2023 Email your feedback to Chad, Gil, and Hilary at climatepositive@hasi.comor tweet them to @ClimatePosiPod. Email your feedback to Chad, Gil, Hilary, and Guy at climatepositive@hasi.com.