VANCOUVER – In a groundbreaking move to combat climate change, Denmark announced its plans to impose a carbon tax on livestock emissions, becoming the first country to take such a bold step. This initiative, set to begin in 2030, aims to significantly reduce greenhouse gas emissions from the agricultural sector, the country’s largest source of CO2 emissions. Denmark, a major pork and dairy exporter, hopes this pioneering effort will inspire other nations to follow suit. The Road to the Carbon Tax The proposal for a livestock carbon tax was first introduced in February by government-commissioned experts as part of Denmark’s strategy to achieve its legally binding 2030 target of cutting greenhouse gas emissions by 70% from 1990 levels. The centrist government reached a broad-based compromise late Monday with key stakeholders, including farmers, industry representatives, labor unions, and environmental groups, signaling strong national commitment to addressing climate change. “We will be the first country in the world to introduce a real CO2 tax on agriculture. Other countries will be inspired by this,” said Jeppe Bruus, the Taxation Minister from the centre-left Social Democrats. Although the tax is subject to parliamentary approval, political experts anticipate that the bill will pass, given the extensive consensus. Details of the Tax and Economic Impact The agreement outlines a tax starting at 300 kroner ($43.16) per tonne of CO2 in 2030, escalating to 750 kroner by 2035. Farmers will benefit from a 60% income tax deduction, effectively reducing the initial cost to 120 kroner per tonne, rising to 300 kroner by 2035. Additionally, subsidies will be provided to help farmers adapt their operations to meet the new regulations. This tax could potentially add an extra cost of 2 kroner per kilo of minced beef by 2030, as explained by Stephanie Lose, Minister for Economic Affairs, to the public broadcaster DR. Currently, minced beef retails for about 70 kroner per kilo in Danish discount stores. Balancing Climate Goals and Agricultural Sustainability While some Danish farmers have expressed concerns that stringent climate goals could reduce production and lead to job losses, the compromise reached is seen as a viable path forward. “The agreement brings clarity when it comes to significant parts of the farmers’ conditions,” said the L&F agriculture industry group, highlighting that the deal allows farmers to maintain their businesses while contributing to national climate goals. Denmark’s initiative stands in contrast to New Zealand’s recent decision to scrap a similar tax plan following backlash from the farming community. The Danish model, therefore, offers a balanced approach, providing financial incentives and support to farmers while ensuring that climate targets are met. Denmark’s Leadership in Climate Action Denmark’s leadership in imposing a carbon tax on livestock emissions represents a significant advancement in global climate policy. The move underscores the country’s proactive stance on environmental issues and its dedication to achieving ambitious climate targets. By addressing emissions from agriculture, Denmark tackles a major source of greenhouse gases, setting a precedent for other nations grappling with similar challenges. This initiative is expected to drive innovation in the agricultural sector, encouraging the development and adoption of more sustainable farming practices. The government’s comprehensive approach, involving all relevant stakeholders, ensures that the policy is both effective and fair, providing a model for other countries to emulate. Looking Forward As Denmark moves forward with implementing the carbon tax on livestock emissions, the world will be watching closely. The success of this initiative could pave the way for similar measures globally, significantly contributing to the reduction of greenhouse gases. Denmark’s bold step is not just about meeting its own climate targets but also about demonstrating global leadership in the fight against climate change. Denmark’s decision to impose a carbon tax on livestock emissions is a historic and visionary move. It highlights the urgent need for innovative solutions to address the climate crisis and sets a powerful example for other countries. As the first nation to implement such a tax, Denmark is leading the way towards a more sustainable future, proving that with determination and collaboration, significant environmental progress can be achieved.

SAN JOSE – The world stands on the brink of a critical threshold. According to a new report from the World Meteorological Organization (WMO), there is an 80 percent likelihood that the annual average global temperature will temporarily exceed 1.5°C above pre-industrial levels for at least one of the next five years. This unsettling forecast serves as a grim reminder of the urgency required to address climate change, as it pushes us closer to the goals set forth in the Paris Agreement. Approaching the Paris Agreement Threshold The Paris Agreement, adopted in 2015, aims to keep the long-term global average temperature rise well below 2°C above pre-industrial levels while pursuing efforts to limit the increase to 1.5°C. These goals are intended to prevent the most catastrophic impacts of climate change. However, the WMO’s Global Annual to Decadal Climate Update underscores the increasing difficulty of staying within these limits. The report indicates a high probability that at least one year between 2024 and 2028 will break temperature records, surpassing 2023, which currently holds the title of the warmest year on record. Specifically, the global mean near-surface temperature for each year in this period is expected to be between 1.1°C and 1.9°C higher than the 1850-1900 baseline. Short-term vs. Long-term Warming While the prospect of exceeding the 1.5°C threshold is alarming, it’s crucial to differentiate between short-term fluctuations and long-term trends. The WMO emphasizes that a temporary breach does not equate to a permanent failure to meet the Paris Agreement targets. The Agreement focuses on sustained temperature increases over decades, rather than annual variations. Despite this distinction, the potential for even short-term exceedance highlights the increasing frequency and intensity of extreme weather events. The WMO’s Deputy Secretary-General, Ko Barrett, stresses that “we must urgently do more to cut greenhouse gas emissions, or we will pay an increasingly heavy price in terms of trillions of dollars in economic costs, millions of lives affected by more extreme weather, and extensive damage to the environment and biodiversity.” Unprecedented Warming Trends The likelihood of at least one of the next five years exceeding 1.5°C has been steadily increasing since 2015, when the probability was near zero. For the years 2017 to 2021, there was a 20% chance of surpassing this threshold, which rose to 66% for the period from 2023 to 2027. This alarming trend reflects the ongoing impact of greenhouse gas emissions, despite global efforts to reduce them. The WMO report, produced by the UK’s Met Office, synthesizes predictions from various Global Producing Centres and other contributing institutions. This collaborative effort highlights the consensus within the scientific community about the trajectory of global warming. A Call to Action The release of this report coincided with a major speech by United Nations Secretary-General António Guterres, who called for more ambitious climate action ahead of the G-7 summit in Italy. “We are playing Russian roulette with our planet,” Guterres warned. “We need an exit ramp off the highway to climate hell. The battle to limit temperature rise to 1.5 degrees will be won or lost in the 2020s – under the watch of leaders today.” Supporting evidence from the Copernicus Climate Change Service, funded by the European Union, reinforces this urgent call to action. The service’s data shows that each of the past 12 months has set new global temperature records for the time of year. The average global temperature for the last 12 months (June 2023 – May 2024) is also the highest on record, at 1.63°C above the pre-industrial average. The Cost of Inaction The consequences of failing to curb greenhouse gas emissions are already evident. Current levels of global warming are causing more extreme heatwaves, heavy rainfall events, and prolonged droughts. These changes are contributing to the reduction of ice sheets, sea ice, and glaciers, accelerating sea level rise, and increasing ocean temperatures. Carlo Buontempo, Director of the Copernicus Climate Change Service, notes, “We are living in unprecedented times, but we also have unprecedented skill in monitoring the climate, and this can help inform our actions. This string of hottest months will be remembered as comparatively cold, but if we manage to stabilize the concentrations of greenhouse gases in the atmosphere in the very near future, we might be able to return to these ‘cold’ temperatures by the end of the century.” The WMO’s latest report is a clarion call for immediate and sustained climate action. The potential for temporarily exceeding the 1.5°C threshold should not be viewed as a distant possibility but as an imminent reality demanding our attention. The scientific community has provided us with the tools and knowledge to avert the worst impacts of climate change. Now, it is up to global leaders and citizens alike to steer the planet toward a sustainable future. As António Guterres aptly stated, “The good news is that we have control of the wheel.” The time to act is now. The decisions we make today will determine whether we succeed in safeguarding our planet for future generations.

SAN JOSE – In a recent webinar on the future of climate investing, industry experts and analysts gathered to discuss the current landscape and the path forward. The focus was on the imperative need for continued progress and accountability in climate investing. While acknowledging the substantial growth the field has witnessed in the past decade, the panelists emphasized the urgency of shifting focus towards decarbonization and driving the transition to a more sustainable planet. As investors increasingly recognize the importance of addressing climate change, the future of climate investing is taking shape, with data playing a crucial role in shaping investment decisions. This article explores key themes in the future of climate investing, including decarbonization efforts, the need for standardized sustainable investment definitions, the democratization of climate data, and the role of sustainable bonds in catalyzing positive climate impact. Decarbonization: Beyond Risk Assessment Climate risk and resilience have received significant attention in investment circles, with insurance companies playing a crucial role in modeling the potential impact of climate change on company assets. While acknowledging the importance of understanding and managing climate risk, experts argue that the true measure of progress lies in how investors utilize their resources to drive the transition to a more sustainable planet. The focus is shifting towards decarbonization efforts that actively reduce carbon emissions and promote sustainable practices. Acknowledging climate risk is an essential first step, but the real impact comes from how investors allocate capital to support the transition to a greener future. The Quest for Standardized Sustainable Investment Definitions A notable concern highlighted by sustainability experts is the lack of standardized definitions for sustainable investments. The absence of universally accepted frameworks poses a challenge in distinguishing meaningful ESG (Environmental, Social, and Governance) initiatives from those that lack substance. This lack of clarity impedes progress towards a net-zero world. To foster progress and accountability, there is a need to democratize climate data. Transparent and accessible data will enable a better understanding of the true impact of ESG initiatives and aid investors in making informed decisions aligned with sustainability goals. Collaborative efforts to collect data from diverse stakeholders, including NGOs and think tanks, can provide a clearer picture of a company’s role in climate impact. Democratizing Climate Data for Accountability The panel unanimously agrees that the democratization of climate data is pivotal in holding companies and financial service firms accountable for their climate investing goals. Accessible and consolidated data empowers investors to evaluate the alignment of their investments with sustainability objectives. Encouragingly, there has been a significant increase in companies voluntarily disclosing their emissions data. This trend, driven by new regulations and shareholder pressure, fosters transparency and enables investors to make more informed decisions. By democratizing climate data, investors can hold companies accountable for their climate goals and drive meaningful change. The Power of Sustainable Bonds in Driving Positive Change While divestment from non-renewable assets remains crucial, experts argue that companies must go beyond simply divesting. Investors now expect companies to actively demonstrate a positive impact on the climate. Sustainable bonds offer a powerful tool to finance green initiatives while enabling investors to contribute to positive climate change. These bonds provide a means for companies to raise debt capital for eco-friendly projects, with stringent accountability mechanisms in place. Through sustainable bonds, investors can play an active role in supporting companies committed to positive climate impact, thereby driving the transition towards a more sustainable global economy. Charting the Path to a Sustainable Global Economy While significant progress has been made in climate investing, much work lies ahead to meet the goals outlined in international agreements like the Paris Agreement. Investors hold the power to drive change by allocating capital to companies dedicated to positive climate impact. By supporting sustainable initiatives and divesting from those that are not aligned with sustainability goals, investors can shape the future of climate investing and contribute to a more sustainable global economy. The future of climate investing hinges on critical factors such as decarbonization efforts, standardized sustainable investment definitions, the democratization of climate data, and the power of sustainable bonds. The urgency to address climate change and promote sustainability is paramount. As investors and companies increasingly recognize the importance of driving positive change, the collective efforts of all stakeholders will pave the way towards a greener future. By allocating capital to support sustainable initiatives and holding companies accountable for their climate goals, we can shape a more sustainable global economy that benefits present and future generations.

SAN JOSE – As the world pivots towards cleaner energy and the adoption of electric vehicles (EVs) accelerates, lithium has emerged as a cornerstone of this transformation. This lightweight metal is essential for the batteries that power EVs, energy storage systems, and a plethora of electronic devices. However, the burgeoning demand for lithium presents both an opportunity and a challenge. While it is crucial for achieving net-zero emissions, the extraction and processing of lithium must be conducted sustainably to avoid detrimental impacts on the environment. This article delves into the future of lithium, the imperative for sustainable business practices, and highlights the top five lithium companies that investors should consider. The Importance of Lithium in the Net-Zero Movement Lithium-ion batteries are pivotal to the net-zero movement, serving as the primary technology for energy storage in renewable energy systems and EVs. Achieving net-zero emissions by 2050, a target set by many governments and organizations worldwide, hinges on the widespread adoption of these technologies. Renewable energy sources like solar and wind are intermittent, requiring efficient storage solutions to ensure a steady power supply. Lithium-ion batteries, with their high energy density and long cycle life, are ideal for this purpose. Electric vehicles, which produce zero tailpipe emissions, are another critical component of the net-zero strategy. The International Energy Agency (IEA) projects that by 2030, there will be over 145 million EVs on the road globally, up from just 11 million in 2020. This surge will significantly increase the demand for lithium, underscoring its importance in reducing global carbon emissions. The adoption of lithium-ion batteries in renewable energy storage systems also plays a crucial role in grid stability. As more renewable energy sources are integrated into the power grid, the need for reliable energy storage solutions becomes paramount. Lithium-ion batteries can store excess energy generated during peak production times and release it when demand is high, ensuring a consistent energy supply and reducing reliance on fossil fuels. The Need for Sustainable Lithium Extraction While lithium is essential for a sustainable future, its extraction can have significant environmental and social impacts. Traditional mining methods can lead to water depletion, soil contamination, and disruption of local ecosystems. For instance, lithium extraction in South America’s “Lithium Triangle” (Argentina, Bolivia, and Chile) has raised concerns over water use in arid regions, where water is already a scarce resource. Sustainable lithium extraction involves adopting practices that minimize environmental harm and promote social responsibility. This includes: Top 4 Lithium Companies to Watch Given the strategic importance of lithium, investing in leading lithium companies can offer substantial returns while supporting the transition to a low-carbon economy. Here are four of the biggest lithium companies, along with their ticker numbers, that investors should consider: As the world marches towards a sustainable future, lithium will play an indispensable role in powering the clean energy revolution. However, it is imperative that the extraction and processing of lithium are carried out in an environmentally and socially responsible manner. Investors have a unique opportunity to support this transition by investing in leading lithium companies that are not only poised for growth but also committed to sustainable practices. Albemarle Corporation, Sociedad Química y Minera de Chile, Piedmont Lithium Inc., and Lithium Americas Corp. are at the forefront of this industry, offering promising returns for those who recognize the strategic importance of lithium. By investing in these companies, investors can contribute to a greener future while potentially reaping significant financial rewards. As the demand for lithium continues to rise, these companies are well-positioned to lead the charge in sustainable lithium production, ensuring that the transition to a low-carbon economy is both effective and responsible. Disclaimer This article is for informational purposes only and does not constitute investment advice or an offer to buy or sell any security. It is advised for investors to conduct their own research or consult with a financial advisor.

SAN JOSE – In a world where sustainability is becoming increasingly critical, the aviation industry is taking bold steps to reduce its carbon footprint. One of the most innovative approaches involves converting used cooking oil into jet fuel, known as Sustainable Aviation Fuel (SAF). This transformation is not just a futuristic concept but a practical solution already in action, promising significant environmental benefits and economic opportunities. The Process: From Kitchen to Cockpit The journey of used cooking oil from kitchen waste to jet fuel involves several sophisticated steps. Initially, the used oil is collected from various sources, such as restaurants, and then cleaned to remove impurities. This purified oil undergoes a process called hydroprocessing, where it is mixed with hydrogen and subjected to high pressure and temperature. This step breaks down the oil’s triglycerides into simpler hydrocarbons, essentially transforming it into a form that mimics traditional jet fuel. The result is a clear, amber liquid that performs similarly to fossil-based jet fuel but with a fraction of the carbon emissions. This fuel can then be blended with conventional jet fuel, typically in a 50/50 ratio, to meet the rigorous standards required for aviation fuel. The Environmental Impact The primary appeal of SAF lies in its potential to significantly reduce greenhouse gas emissions. When used in place of traditional jet fuel, SAF can reduce emissions by up to 80% over its lifecycle. This is because SAF recycles carbon already in circulation, unlike fossil fuels which release new carbon into the atmosphere. This recycling helps mitigate the overall carbon footprint of flights, making aviation more sustainable. Economic Considerations While the environmental benefits are clear, the economic viability of SAF is also noteworthy. Converting used cooking oil into jet fuel can stabilize fuel prices and reduce airlines’ reliance on the volatile oil market. This conversion opens up new markets for waste oil, turning an environmental liability into a valuable resource. However, it is important to note that the production cost of SAF is currently higher than conventional jet fuel, which presents a challenge for widespread adoption. Potential Challenges and Oversight Despite its promise, the SAF industry is not without potential risks. The process requires significant energy, and stringent quality control measures are essential to ensure the final product meets safety and performance standards. Moreover, certification schemes like the International Sustainability and Carbon Certification (ISCC) play a crucial role in maintaining the integrity of SAF production, preventing fraud, and ensuring environmental benefits are genuine. Real-World Applications The feasibility of SAF is evidenced by real-world applications. For instance, American Airlines has partnered with Neste to receive the first-ever CORSIA-certified batch of SAF, demonstrating the fuel’s potential to meet international sustainability standards. Similarly, Airbus has successfully conducted test flights using SAF, highlighting its viability as an alternative to traditional jet fuel. In conclusion, turning used cooking oil into jet fuel is a remarkable feat of engineering and sustainability. While there are challenges to overcome, the potential environmental and economic benefits make SAF a promising solution for the aviation industry’s carbon reduction goals. As technology advances and production scales up, SAF could become a cornerstone of a more sustainable aviation future. By embracing such innovative solutions, the aviation industry can significantly reduce its carbon footprint, making our skies cleaner and our future greener. The transformation from fries to flights is not just a catchy slogan but a viable pathway to sustainable air travel.

SAN JOSE – The sweltering heat that gripped Las Vegas and Phoenix during recent political rallies is a stark reminder of the urgent need for consistent climate action. As attendees collapsed from heat exhaustion, the former President’s promise to “drill, baby, drill” underscores a troubling reality: the lack of continuity in climate policy between administrations is jeopardizing our future. In recent years, the world has witnessed unprecedented heatwaves, wildfires, and extreme weather events, all exacerbated by human-caused climate change. Despite overwhelming scientific evidence linking these disasters to fossil fuel consumption, some policymakers in Washington continue to push for increased oil and gas production. This short-sighted approach not only ignores the immediate health impacts of extreme heat on the populace but also endangers long-term climate goals. The current political landscape in the United States is fraught with division on climate issues. Each new administration brings a shift in priorities, often undoing the progress made by its predecessor. When President Biden took office, his administration implemented policies aimed at reducing carbon emissions, investing in renewable energy, and setting ambitious targets to combat climate change. However, with the rise of new political leaders advocating for a return to fossil fuels, these initiatives face the threat of being dismantled. This cyclical shift in climate policies hampers the nation’s ability to meet its 2050 climate goals. The commitment to achieving net-zero emissions by mid-century requires unwavering dedication and consistent policy support. Yet, the pendulum swing between environmental regulation and deregulation with each electoral cycle creates instability, discourages long-term investment in green technologies, and undermines public confidence in climate action. The consequences of this policy volatility are severe. The Intergovernmental Panel on Climate Change (IPCC) warns that delaying action will result in irreversible damage to ecosystems, more frequent and severe weather events, and significant economic losses. The health impacts are already evident; the recent rallies in the Southwest, where dozens were hospitalized due to extreme heat, are just a glimpse of what lies ahead if the climate crisis is not addressed with the urgency it demands. Moreover, the push for more drilling and fossil fuel production is not only environmentally detrimental but also economically shortsighted. Renewable energy sources like wind, solar, and hydroelectric power are becoming increasingly cost-competitive with fossil fuels. Investing in these technologies not only helps mitigate climate change but also creates sustainable jobs and drives economic growth. Conversely, doubling down on oil and gas locks the economy into a dependence on finite resources, susceptible to market volatility and geopolitical tensions. Policymakers must recognize that climate change is not a partisan issue but a global emergency that requires bipartisan cooperation and steadfast commitment. The health of our planet and future generations depends on the actions we take today. It is imperative that political leaders prioritize long-term climate strategies over short-term political gains and work together to ensure that progress made in reducing emissions and transitioning to clean energy is not undone. The dangers of ignoring the urgency of climate action are clear. As we face record-breaking heatwaves, devastating wildfires, and rising sea levels, the need for consistent, science-based climate policies has never been more critical. It is time for policymakers in Washington to transcend partisan divides, uphold the momentum for climate action, and safeguard our collective future. The stakes are too high, and the window for effective action is rapidly closing.