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๐Ÿญ 77% of GHG emissions are not covered by a regulated carbon market | ๐Ÿ—ณ๏ธ $100M to mobilize midterm voters on climate solutions

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๐Ÿญ 77% of GHG emissions are not covered by a regulated carbon market | ๐Ÿ—ณ๏ธ $100M to mobilize midterm voters on climate solutions

Your 3-minute summary of climate tech, startups, better habits, and deep work.

Dr. Chris Wedding
Jun 9, 2022
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๐Ÿญ 77% of GHG emissions are not covered by a regulated carbon market | ๐Ÿ—ณ๏ธ $100M to mobilize midterm voters on climate solutions

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Good morning, folks.

In todayโ€™s 3-minute read, weโ€™ll cover these juicy nuggets:

  • ๐Ÿ‘— โ€œNice dress. You must love the climate.โ€

  • ๐Ÿ—ณ๏ธ $100M to mobilize midterm voters on climate solutions.

  • ๐Ÿญ 77% of GHG emissions are not covered by a regulated carbon market.

  • ๐Ÿ‘บ Donโ€™t use an ugly pitch deck: Instead look at these 39.

  • ๐Ÿช’ Want to sound smarter? Just say โ€œOccamโ€™s Razorโ€.

Enjoy.

Chris


๐Ÿ‘—โ€œNice dress. You must love the climate.โ€

Did you know that the apparel industry is responsible for 4% of global GHG emissions?

This is โ€œabout the same quantity of GHGs per year as the entire economies of France, Germany, and the United Kingdom combined.โ€ (McKinsey)

Oh mon Dieu! Oh mein Gott! OMG!

This makes me feel extra proud (like a papa) about the average age of t-shirts in my drawer.

  • โ€œHoney, are you sure you donโ€™t want to recycle this 30-year-old shirt from, uh, high school.โ€

And those stats above are why this news matters:

  • H&M, Lululemon back $250 million Fashion Climate Fund to decarbonise supply chain (Reuters)

The Apparel Impact Institute is โ€œbringing together clothing brands, philanthropic donors and other industry stakeholdersโ€ฆto unlock $2 billion in funding.โ€

Holy haute couture! *

Shout out to one of our Climate Mastermind peer group members โ€” Stacy Flynn, CEO of Evrnu โ€” for being a climate startup leader in the fashion industry!

โ€”

* I had to look that one up myself.

  • Haute couture is a common term for high fashion as produced in Paris and imitated in other fashion capitals such as New York, London, and Milan.โ€


๐Ÿ—ณ๏ธ $100M to mobilize midterm voters on climate solutions.

Six climate advocacy groups are teaming up to spend a sh*t ton of cash (technical term) on multiple ad campaigns and in-person field organizing in battleground states including Arizona, Nevada, Pennsylvania, and Georgia. (CNN)

Who are they?

  • Climate Power Action PAC, Climate Reality Action Fund, EDF Action Votes, League of Conservation Voters Victory Fund, NRDC Action Votes, and NextGen PAC

Whatโ€™s the message?

  • The best way to hug a tree without getting splinters

  • How to correctly burn incense in order to calm the sun

But seriously, theyโ€™ll focus on:

  • โ€œEconomic arguments about inflation and switching to cheaper renewable energy

  • Impacts of extreme heat, wildfires and extreme weather worsened by rising global temperatures.โ€

Is that just p*ssing in the wind? (another technical term)

  • Maybe โ€” Itโ€™s estimated that $8.9 billion will be spent overall on ads in the 2022 races (source)

  • No โ€” Even diamonds can be cut by high-pressure waterjets (no joke)


๐Ÿญ 77% of GHG emissions are not covered by a regulated carbon market.

About 23% of the world's GHG emissions are covered by a compliance carbon market.

Hooray!

Wait...

So 77% of GHG emissions are just running wild and free?

Not entirely.

The voluntary carbon market produces additional GHG mitigation.

BUTโ€ฆ

Itโ€™s only about 0.1% of the size of the compliance market, soโ€ฆ

Yeah. We have a long way to go, and the ticking clock is getting louder.

To dissect this further, check out the super simple map below from the World Bank.

If we as relative โ€œexpertsโ€ are confused, what can we expect from the mainstream?

If you want some more curated graphs from me on carbon markets, hereโ€™s a Twitter thread I posted yesterday.

Twitter avatar for @DrChrisWedding
Chris Wedding @DrChrisWedding
Carbon prices must up to โ€œkeep 1.5 aliveโ€ & avoid the worst of climate change These 6 graphs start to tell the story: - 68 global carbon pricing mechanisms - Record-high prices in 6 regions - $1 billion voluntary carbon market - 1,000s of companies w/ internal carbon prices ๐Ÿ‘‡๐Ÿฝ
3:58 PM โˆ™ Jun 8, 2022
1Like1Retweet

Or get 74 more pages of goodness from the World Bank:

State and Trends of Carbon Pricing 2022


๐Ÿ‘บ Donโ€™t use an ugly pitch deck.

You got that investor meeting.

Great!

Now, don't @#&! it up.

Give your pitch deck a fresh look.

Both form and substance matter.

Check out these 39 examples for inspiration. (Pitch.com)

(They're all in the climate tech space).


๐Ÿช’ Want to sound smarter? Just say โ€œOccamโ€™s Razorโ€.

What is it?

  • A mental model (one of many)

  • A shortcut for making decisions

What does it mean?

  • โ€œThe simplest explanation is preferable to one that is more complex.

  • Among competing hypotheses, the one with the fewest assumptions should be selected.โ€

Trust me. As a PhD who loves complex Excel spreadsheets, this is hard for me to accept.

But to give in to its simplicity is like sliding into hot bath water on a cold winter in Hokkaido.

(Or so I imagine.)

Read more from Farnam Street.

  • How to Use Occamโ€™s Razor Without Getting Cut

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Thatโ€™s all, yโ€™all.

Make it a great week, because itโ€™s usually a choice.

โ€” Chris


๐Ÿ’ฐ๐ŸŒŽ P.S. Do you want to learn how to fund a climate tech startup?

I occasionally teach a live, online course for about 30 entrepreneurs or career switchers per cohort.

Topics include the top 20 startup funding mistakes, venture capital funding, project finance, my 5-step method of raising capital, how to create a compelling 1-page business plan, my list of 500 climate investors (plus emails), and 3 frameworks for showing your competitive advantage among peers.

Come join us!

Join the waitlist

โ€”

Dr. Chris Wedding
Founder and Chief Catalyst,ย Entrepreneurs for Impact
We hep CEOs and investors tackle climate change with mastermind peer groups, online courses, newsletters, and podcasts

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๐Ÿญ 77% of GHG emissions are not covered by a regulated carbon market | ๐Ÿ—ณ๏ธ $100M to mobilize midterm voters on climate solutions

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