Tuesday, February 7, 2023
Green Reporter
  • Home
  • Biodiversity
  • Climate Change
  • Energy
  • Filmmaking
  • Food
  • Investment
  • Management
  • Sustainability
  • Technology
  • Transportation
No Result
View All Result
  • Home
  • Biodiversity
  • Climate Change
  • Energy
  • Filmmaking
  • Food
  • Investment
  • Management
  • Sustainability
  • Technology
  • Transportation
No Result
View All Result
Green Reporter
No Result
View All Result
Home Investment

The dark side of not being green

GrR by GrR
June 13, 2021
in Investment
0
The dark side of not being green
56
SHARES
242
VIEWS
Share on FacebookShare on Twitter


OPINION: Last week the Climate Change Commission released its carbon reduction roadmap for New Zealand.

It’s clear that to meet our Paris Accord target of zero net emissions by 2050, business operations, consumer behaviour and government regulation will change.

Many want to stick with the status quo of a modern world completely dependent on fossil fuels. But this comes at a high cost.

The cost is risking extreme weather that our modern world has never seen, with knock-on effects expected to include massive forest fires, sea level change and ecosystem destruction around the world.

READ MORE:
* Monday thoughts: EVs and wind farms show the dark side of going green
* How to take back control of your KiwiSaver
* Monday thoughts: How real world change is affecting the sharemarket
* Monday thoughts: Here are three ways KiwiSaver will change

For investors, extreme storms are not simply bad for holiday plans, they have a direct impact on future economic growth and financial returns.

Pathfinder Asset Management chief executive John Berry says sticking with the status quo will come at a high cost.

SUPPLIED

Pathfinder Asset Management chief executive John Berry says sticking with the status quo will come at a high cost.

Disasters increase insurance costs, strain company balance sheets, destroy harvests and focus resources on damage repair rather than productive new investment.

Last week our Monday thoughts: EVs and wind farms show the dark side of going green

* How to take back control of your KiwiSaver

* Monday thoughts: How real world change is affecting the sharemarket

* Monday thoughts: Here are three ways KiwiSaver will change

“>column on some downsides of electric vehicles (EVs) and wind turbines raised eyebrows from those both for and against EVs and renewable energy.

The reality of innovation and change is that new technologies and intricate global supply chains can have a downside, we pointed to disposal of both lithium batteries and giant wind turbine blades.

But that’s only part of the story and ignores innovation.

Science has found ways to recycle lithium batteries and ways to repurpose composite wind turbine blades. While there can be a downside, innovation is key to solving future problems.

Possible downsides of green options must not stop us taking steps to be more sustainable. The final part of this story is that the status quo of fossil fuel dependence is poisoning our world.

A range of car companies are increasingly investing in electric vehicles. As car companies pivot to going electric, petrol retailers scratch their heads wondering how to make money in the decades ahead, says John Berry.

Supplied

A range of car companies are increasingly investing in electric vehicles. As car companies pivot to going electric, petrol retailers scratch their heads wondering how to make money in the decades ahead, says John Berry.

Forget challenges of recycling EV batteries. The recycling of conventional lead acid car batteries causes immense environmental issues globally.

While described as ‘the world’s most recycled consumer product’, lead from batteries in the world’s 1.4 billion cars harms human health and natural environments from Kenya to China.

Forget problems from burying wind turbine blades. If you think new sustainable technologies are a problem, you can’t ignore damage from existing non-renewable energy.

For example, as well as carbon dioxide, coal-fired power plants worldwide emit particulates causing air pollution and respiratory illness. This is estimated to lead to 115,000 deaths a year in India, a multiple of that in China and tens of thousands in Western countries that use coal-fired power.

Close to 200 countries having signed the Paris Accord and committed to dealing with greenhouse gas emissions. For investors this means change.

As car companies pivot to going electric, petrol retailers scratch their heads wondering how to make money in the decades ahead. This is not just about Tesla – Volkswagen, Volvo, Ford, Nissan and General Motors see the future of EVs.

Companies that do not transition to this new reality will produce lower investment returns or even fail. Climate change is not simply a huge future environmental issue, it’s a huge future investment issue as well.

John Berry is Chief Executive of ethical fund manager and KiwiSaver provider Pathfinder Asset Management, which is part of Alvarium Wealth. Disclosure of interest – Pathfinder is invested in Vestas Wind Systems renewable energy companies but not oil or coal companies, which is mentioned in this article.



Source link

Previous Post

Lake Powell pipeline targets water promised to Utes in scheme the tribe sees as another racially based injustice

Next Post

H&M Launches First-Ever​ Rental Service In The U.S. As A Sustainable Alternative

GrR

GrR

Green Reporter is a global source for news of sustainability, green industry, green technology, clear energy, sustainable food production, and green investments. Our aim is to deliver the best news and information to you.

Next Post
H&M Launches First-Ever​ Rental Service In The U.S. As A Sustainable Alternative

H&M Launches First-Ever​ Rental Service In The U.S. As A Sustainable Alternative

  • Trending
  • Comments
  • Latest

Climate change in our backyard: Manitoba begins to grapple with the consequences – Winnipeg

August 10, 2021

Repsol starts marketing debut sustainability-linked bond sale

June 29, 2021

Sustainability Ambitions Soaring at KCI

December 6, 2021

Chris Pratt explains where the White Spikes originated

July 3, 2021
Stop burning our rights! What governments and corporations must do to protect humanity from the climate crisis – World

Stop burning our rights! What governments and corporations must do to protect humanity from the climate crisis – World

Biden said to mull dropping corporate tax hike to fund jobs plan

Biden said to mull dropping corporate tax hike to fund jobs plan

Global investors pressure Asian utilities to cut emissions

Global investors pressure Asian utilities to cut emissions

Global inequity could derail path to net zero

Global inequity could derail path to net zero

What’s With A24’s Religious Obsession?

August 12, 2022

Governor Hochul Announces Completion of $16 Million Affordable Housing Development in Monroe County

August 12, 2022

EU ban on Russian coal enters into force

August 12, 2022

Immune system insights and Thai climate calculator: News from the College | Imperial News

August 12, 2022

Recent News

What’s With A24’s Religious Obsession?

August 12, 2022

Governor Hochul Announces Completion of $16 Million Affordable Housing Development in Monroe County

August 12, 2022

EU ban on Russian coal enters into force

August 12, 2022

Immune system insights and Thai climate calculator: News from the College | Imperial News

August 12, 2022

Recent News

What’s With A24’s Religious Obsession?

August 12, 2022

Governor Hochul Announces Completion of $16 Million Affordable Housing Development in Monroe County

August 12, 2022

EU ban on Russian coal enters into force

August 12, 2022

Browse by Category

  • Biodiversity
  • Climate Change
  • Energy
  • Filmmaking
  • Food
  • Investment
  • Management
  • Sustainability
  • Technology
  • Transportation

Follow Us

  • Privacy & Policy
  • About Us
  • Contact Us
  • Advertise

© 2021 Copyright Green Reporter

No Result
View All Result
  • Home
  • Biodiversity
  • Climate Change
  • Energy
  • Filmmaking
  • Food
  • Investment
  • Management
  • Sustainability
  • Technology
  • Transportation

© 2021 Copyright Green Reporter