Amazon’s Carbon Footprint Increases, As Tesla Loses Affordable Electric Vehicle Race and Generac Home Microgrids

Amazon’s Carbon Footprint Increases, As Tesla Loses Affordable Electric Vehicle Race and Generac Home Microgrids

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men 2019, Amazon cofounded The Climate Promise, a pledge to achieve net-zero carbon emissions by 2040. Since then, the company’s carbon footprint has increased by nearly 40%. Amazon’s carbon footprint was 51.17 million metric tons in 2019 and grew to 71.54 million metric tons in 2021, according to the company’s sustainability report released this week. Amazon said the increase was driven by growth during the pandemic across both its consumer e-commerce and cloud businesses, which required building new facilities and expanding its transportation network.

In trying to move away from the total carbon footprint, the report suggested that companies should also consider whether they are lowering their “carbon intensity,” which is total carbon emissions per dollar of gross goods sales. Although Amazon continued to reduce its carbon intensity, the year-over-year change was much smaller. From 2019 to 2020, Amazon reduced its carbon intensity by more than 16%. From 2020 to 2021, the reduction was 1.9%.

The Great Read

Backup Plan: How Generac Thrives Amidst Grid Blackouts And Natural Disasters

Milwaukee-based Generac has an 80% market share in the home backup generator business and a six-month order backlog. But beyond selling “a product that people hope they never use,” CEO Aaron Jagdfeld has big ideas for the company’s future: home microgrids. It wants to start marketing an “energy independence” package that pairs gas, solar and batteries, all optimized with machine learning software that manages your heating and cooling with the hope of making you money. Read more here.

Discoveries and Innovations

The sun is becoming more active than NASA predicted, and the current 11-year solar cycle could be the strongest on record – ever since scientists first began recording sunspots in 1755.

Black asphalt stores and retains heat. Manufacturer of roofing and waterproofing GAF (part of Standard Industries) launched a pilot project to see if solar reflective coatings can help reduce temperatures in a 10-block neighborhood in Los Angeles.

Morocco’s The Minister for Energy Transition and Sustainable Development says the country is installing thousands of megawatts of renewable energy capacity with the aim of becoming an exporter to North Africa and Europe.

Bicycle transport levels i England a 47% weekday increase in the first five months of the year, as commuters responded to rising fuel prices.

Sustainability Markets of the Week

Nuclear Fusion: UK-based First Light Fusion, Oxford University’s nuclear fusion spin-out, is looking to raise GBP 400 million, as it moves towards commercialisation, Sky News reports.

Vertical Farming: Japan-based vertical farming startup Spread, which initially focused on lettuce, has raised $30 million in Series A funding, as it expands into strawberries and alternative meats.

Climate Technique: San Francisco-based Top Tier Capital Partners has raised $925 million in new capital for late-stage climate technology investments.

On The Horizon

The US Senate could vote on the Inflation Reduction Act, which includes $369 billion over the next 10 years for “energy security and climate change programs,” as early as this weekend, Reuters reports. The legislation, a measure championed by Senate Democrats Chuck Schumer of New York and Joe Manchin of West Virginia, would require all 50 Democratic senators and incoming Vice President Kamala Harris.

Other Things We’re Reading This Week

Extreme heat waves: surprising lessons from the biggest heat (Nature)

‘They’re not slowing down’: The rise of billion-dollar disasters (The Washington Post)

Data Centers in Climate Crisis (Wired)

Update on Green Transport

Sixteen years ago today, before Tesla built its first car, Elon Musk published his “Master Plan” for the company with a singular goal: to transform the environmentally friendly car industry into a friendly one by selling expensive electric cars that would guarantee on the development of the body. affordable ones. “When someone buys a Tesla Roadster sports car, they are helping to pay for the development of the low-cost family car,” Musk wrote. The thing is, there is an affordable family EV here but it’s a Chevrolet, not a Tesla. And General Motors, Ford, Volkswagen, Hyundai and other automakers are ramping up production of many new battery-powered models at a lower price than the current industry leader. Read more here.

The Great Story of Transport

Fisker says it has received more than $300 million in pre-orders for its Electric SUV

Fisker Inc., another potential Tesla competitor, is about to start building its first electric models and says initial orders for the Ocean SUVs are likely to be worth more than $300 million in revenue. While the first 5,000 units it will build will be a $70,000 version with all options, the Los Angeles-based company expects to start delivering cheaper $37,499 versions late next year and is planning a mass-market EV $30,000 due in 2024. Read more here.

More Green Transport News

Nikola is buying struggling battery maker Romeo Power for $144 million

GKN Automotive Hits Multi-Million Electric Drive Milestone

Sky High Gas Prices Make Us All Want Vehicles, Right? Not So, Says Survey

Under EV Investor Ideology, Electric Motorcycle Maker Energica Is Looked Over Directly Built Bikes

What Does Herbert Dies’ Event Mean For Volkswagen’s Electric Future?

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