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Zero Waste Lab brings circular economy to Guelph

2 years ago

The City of Guelph, Wellington County, the Guelph Smart Cities Office and insurance company Co-operators have launched the Zero Waste Economic Transformation Lab. The focus is to initiate circular economy practices for Guelph and its businesses.

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More than 400 Canadian climate scientists and other academics are pleading with Finance Minister Chrystia Freeland to scrap her plan to create a tax credit for companies that build carbon capture and storage facilities a policy first proposed in December.

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A bitcoin mining company faces more than C$7 million in penalties for operating two gas-fired power plants in Alberta without approvals and is ordered to close another facility. Crypto is banned in some countries due to environmental and other concerns.

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Deutsche Börse and Guangzhou Futures Exchange have signed a Memorandum of Understanding to facilitate carbon markets across China and Europe. They will now explore opportunities together for the carbon market currently valued at $1 billion but expected to reach $100 billion by 2030.

Social Purpose Real Estate Financing

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Hydro-Québec anticipates that electricity consumption could again exceed historic highs on Friday and Saturday, January 21 and 22. The ongoing deep freeze over the last few days, makes it difficult for buildings to retain heat, causing demand for heating to go up.

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While there is little doubt that the electrical grid needs to be improved, it is clear that an exclusive large-scale, centralized approach is no longer viable. A grid at this scale is expensive, slow, difficult to complete, vulnerable and brittle.

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A recent study found that to reach the U.S. administration’s goal for a carbon emissions-free grid by 2035 will require it to nearly triple its 2020 growth rate for the grid to become 80 per cent powered by clean energy by 2030.

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The plastic offset industry is like the carbon offset industry. With the carbon offset industry, companies buy carbon credits. Each credit equals one metric ton of carbon. That metric ton of carbon is “offset” through an environmental project, like reforestation.

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The demand for carbon offsets, which firms use to neutralize the pollution they cause, is rising sharply and could increase 50-fold by 2050. According to Taskforce on Scaling Voluntary Carbon Markets offset options are often not effective in removing carbon.

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It’s not yet known what specific actions the Ministry of Natural Resources will take to address carbon emissions in the construction industry, only one month after being mandated with the responsibility.

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Residential heat and hot water contribute 14 per cent of UK carbon emissions which must be reduced to meet the U.K.’s climate target of net zero emissions by 2050. Two contenders for green heating technologies are electric heat pumps and hydrogen boilers.

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General Motors announced new commercial applications for its HYDROTEC hydrogen fuel cell technology taking it beyond its use in vehicles to mobile power generation including locomotives and aircraft. GM is credited with creating the first-ever hydrogen fuel cell vehicle in 1966.

Yardi Pulse

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Ammonia has been widely used as a fertilizer for a century. Now, using renewable energy and a new method for making ammonia, researchers and entrepreneurs believe “green” ammonia can become a clean fuel source for generating electricity and powering ships.

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There are about 350,000 different types of artificial chemicals that are most often released into the global environment.  New ones are being produced every day and that scientists now say threatens the Earth and poses a clear threat to humanity.

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Through the process of adaptation to macro and microeconomic disruptions, commercial real estate has begun transitioning to meet the future needs of the populace. Buildings that once served a specific purpose are being tested as society shifts around lifestyles.

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With cities becoming increasingly polluted, homeowners are turning to gardens, by keeping small plants at home, to provide some greenery. However, installing plants at home also means that one needs to know how to maintain the plants.

Energy Profiles

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BOMA Canada has added three new members to its sustainability team. Jani Loots steps into the new role of senior director, sustainability, while Joanna Sugunathazan and Josimar Herrera join the staff as BOMA BEST project coordinators.

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Many construction industry leaders are now implementing ESG policies largely focused on reducing energy usage. Over 60 per cent of construction industry respondents to a survey conducted by Global Data say clients are demanding the application of sustainable construction methods.

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There’s been a lot of talk from Ottawa about a so-called just transition to a greener economy, as energy demand shifts from fossil fuels and the expense of carbon pollution is increasingly integrated into the cost of doing business.

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Climate change risks continue to dominate the global economic threat register even as the COVID-19 pandemic enters its third year, with fresh estimates suggesting the overall bill for last year’s natural disasters and weather-related catastrophes hit $280 billion worldwide.

Industry Events