By Ben
Elgin, Olivia
Raimonde and Ilena
Peng
Less than two years
ago, a group of the world’s biggest food
companies, including Nestlé, Danone and Kraft
Heinz, announced a major
alliance to cut methane emissions from
their hundreds of thousands of dairy suppliers.
Last month,
however, Nestlé’s logo vanished from the
initiative’s website. Officials at the Swiss
food giant confirmed that they’ve withdrawn from
the effort, known as the Dairy Methane Action
Alliance.
Cows in
Ireland Photographer: Paulo Nunes dos
Santos/Bloomberg
The company
declined to elaborate on its decision to pull
out. “Nestlé regularly reviews its memberships
of external organizations,” said a company
spokesperson in a written statement. “As part of
this process, we have decided to discontinue our
membership of the Dairy Methane Action
Alliance.”
Nevertheless,
Nestlé officials praised the alliance’s efforts
and said the company remains committed to
slashing its dairy emissions as part of its
overall effort to halve its climate pollution by
2030.
It’s unclear
whether Nestlé’s exit will shake the resolve of
the alliance’s other members. Several
participants — Danone, Starbucks, General Mills,
Bel Group and Lactalis USA — told Bloomberg
this week that they are sticking with the
effort.
Read the full
story on Bloomberg.com.
Boston’s
heat pump upgrade
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By Todd Woody
A heat pump that
can be installed in minutes is allowing the city
of Boston to quickly decarbonize
a public housing complex for the elderly
and provide air conditioning as climate
change-driven heat waves intensify.
The Boston Housing
Authority on Wednesday will announce a pilot
project putting small heat pumps made by San
Francisco-based startup Gradient in
a 50-year-old, 100-apartment building.
The units fit in a
window and can provide heating and cooling for a
space of about 500 square feet. That replaces
the complex’s inefficient electric-resistance
heating and doesn’t require the expensive and
disruptive renovations that accompany the
installation of a centralized heat pump system.
Resident
Wenda Dottin stands next to a Gradient heat
pump installed in her apartment. Photo
courtesy of Eversource
The housing agency
manages about 10,000 units for more than 17,000
residents, and window heat pumps’ fast
installation time will produce immediate
emissions reductions, according to Kenzie Bok,
the agency’s administrator. “Most importantly,
it allows us to deliver in-unit cooling to our
residents for the first time as soon as
possible,” she said. “We can’t treat heat as
this one-off emergency.”
Boston is the
latest city to turn to window heat pumps to
replace aging and polluting gas boilers and
other fossil fuel systems in public housing. The
New York City Housing Authority has installed 36
Gradient units and 36 window heat pumps made by Midea
America, the US subsidiary of China’s
Midea Group, as part of a pilot project. The
agency plans to put in place 10,000 Gradient
heat pumps and 20,000 Midea units in the coming
years.
Read the full
story.
US President Donald
Trump may have dubbed climate change
the “greatest con job,” but there’s growing
evidence that energy
transition investments are enjoying a
revival.
Clean energy stocks are even
outperforming gold as investors respond to
soaring demand for renewables needed to power
the boom in artificial intelligence.
Nano Nuclear Energy
has no revenue, no license from the US Nuclear
Regulatory Commission and no operating power
plant. Yet investors have driven its valuation past
$2.3 billion, a figure that may be built
more on optimism than fundamentals.
Rising power demand
from data centers for artificial intelligence
has led to a shortage of the gas
turbines needed to generate electricity.
This shortage might not seem the most obvious
climate story, but it's having impacts across
the entire energy sector. This week on Zero,
Bloomberg’s Stephen Stapczynski joins Akshat
Rathi to look at what’s causing the bottleneck
in gas turbines, if the shortage will make
companies look to renewables or coal, and
whether natural gas is really a “bridge” fuel.
Listen now, and
subscribe on Apple, Spotify or YouTube to get new
episodes of Zero every Thursday.
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