ESG – short for Environmental, Social, and Governance – is a framework for evaluating how companies manage sustainability-related risks and opportunities. In ESG investing, environmental, social, and governance factors are integrated into investment decisions, alongside traditional financial metrics. In this episode, James and Daisy discuss ESG. How has sustainable investing evolved? Why is there a growing backlash against ESG? What is greenhushing? SOME RECOMMENDATIONS: John Elkington , a world authority on corporate responsibility and sustainable capitalism, coined the phrase “people, planet, profit” in 2004 to describe the Triple Bottom Line. Originally intended as a tool to drive systems change and transform capitalism – not just as an accounting framework – Elkington later called for a "product recall" of the concept. 21st Century Investing: Redirecting Financial Strategies to Drive Systems Change by William Burckart and Steve Lydenberg – This book explores the evolution of investing from traditional models to sustainable approaches that consider environmental and social factors. The authors advocate for a third stage: system-level investing , where investors actively support and enhance the stability and health of the social, financial, and environmental systems on which they depend for long-term returns. Aniket Shah is Managing Director and Global Head of Sustainability, Transition and Washington DC Strategy at Jefferies, a top global investment bank. We enjoyed this 10-minute video where he speaks about ESG and Impact Investing. SYSTEMIQ (2025) – This essay “Shock Therapy” explores what a deep reset of the sustainability movement might look like. Part of The Blue Whale Inquiry , it draws on insights from interviews with over 50 leaders across business, finance, government, politics, and civil society to understand what it takes to shift stubborn economic systems. OTHER ADVOCATES, FACTS, AND RESOURCES: United Nations (2004) – ESG first appeared in the UN Global Compact report “Who Cares Wins”, developed with twenty financial institutions. It encouraged the financial sector to integrate environmental, social, and governance (ESG) factors into analysis, asset management, and brokerage. EU Taxonomy – allows financial and non-financial companies to share a common definition of economic activities that can be considered environmentally sustainable. IEA (2024) – “Global energy investment is set to exceed USD 3 trillion for the first time in 2024, with USD 2 trillion going to clean energy technologies and infrastructure. Investment in clean energy has accelerated since 2020, and spending on renewable power, grids and storage is now higher than total spending on oil, gas, and coal.” CDP – a global non-profit that runs the world’s only independent environmental disclosure system. The Taskforce on Inequality and Social-related Financial Disclosures (TISFD) – a global initiative to develop guidance for businesses and financial institutions to understand and report on impacts, dependencies, risks, and opportunities related to people. Growing inequality is recognized as a systemic risk with economic and political implications for global markets. Brundtland Report (1987) – Our Common Future , published by the UN, defined ‘sustainable development as "development that meets the needs of the present without compromising the ability of future generations to meet their own needs". Morningstar (2025) – “Despite reduced fund flows, global sustainable fund assets reached an all-time high of USD 3.2 trillion at the end of 2024, an 8% increase from the previous year and more than quadruple the size in 2018. Europe remains the leading market, housing 84% of the assets.” Generation Investment Management – “Generation is a pure-play sustainable investment manager. It is all we do. It is all we will ever do.” – Founded in 2004 by Al Gore and David Blood, Generation is a dedicated sustainable investment firm focused on long-term value, integrated sustainability research, and strong client alignment. It has demonstrated that mission-driven investing can deliver superior returns. Octopus (2024) – The Future Generations Report 2024 – “Celebrating the impact that you, as an Octopus shareholder, employee or customer, have on the world.” Dame Julia Anne Hoggett DBE , a British banker and risk manager, became CEO of the London Stock Exchange in April 2021. With a background in development economics focused on Sub-Saharan Africa, she believes the job of the capital markets is “to facilitate the investment that creates the invention, production, jobs and productivity that drives the economy, improves real incomes and peoples’ lives”. As noted in the episode, some state funds have been withdrawn from investors applying ESG policies. For example , in March 2022, West Virginia pulled assets from a fund managed by BlackRock, citing the firm’s “net-zero investment strategies that would harm the coal, oil and natural gas industries.” Thank you for listening! Please follow us on social media to join the conversation: LinkedIn | Instagram | TikTok You can also now watch us on YouTube . Music: “Just Because Some Bad Wind Blows” by Nick Nuttall, Reptiphon Records. Available at https://nicknuttallmusic.bandcamp.com/album/just-because-some-bad-wind-blows-3 Producer: Podshop Studios Huge thanks to Siobhán Foster, a vital member of the team offering design advice, critical review an...…

Water is essential for all life on Earth, yet climate change is disrupting the natural water cycle, altering where, when, and how much water is available. In many ways, climate change expresses itself through water. In this episode, James and Daisy talk about the vital role of water. What is the water cycle? How will water security will be impacted by the changing climate? What can we do about it? SOME RECOMMENDATIONS: Is a River Alive? by Robert Macfarlane – At the heart of this book is a single, transformative idea: that rivers are not mere matter for human use but living beings – who should be recognized as such in both imagination and law. Mina Guli is a renowned water advocate and ultrarunner who has dedicated her life to solving one of the world’s most urgent issues - the global water crisis. Following a successful 15-year career in law, finance and climate change, Mina founded Thirst - a non-profit focused on changing how we think about water. In March 2022, for the #RunBlue campaign, Mina set out to run 200 marathons in just one year, finishing the race at the first global UN water conference on World Water Day, 22 March 2023. This World Water Day on Saturday, March 22 2025, runners from around the world united for the #WorldWaterRelay - the largest global relay for water. OTHER ADVOCATES, FACTS, AND RESOURCES: CDP – a global non-profit that runs the world’s only independent environmental disclosure system. Over 24,800 companies, representing two thirds of global market capitalization reported through CDP on climate change, forests and water security. Stuart Orr has been with WWF since 2006 and works with the private sector on a range of water related activities, from water footprint to public policy engagement. WWF estimate freshwater ecosystems have an economic use value of $58 trillion, or roughly 60% of global GDP. Water.org – a global nonprofit organization working to bring water and sanitation to the world, founded by Matt Damon and Gary White. Goldman Sachs Asset Management (GSAM) is launching its first biodiversity-focused bond fund, offering fixed-income investors a way to support nature conservation. NASA (2023) – There are more than 326 million trillion gallons of water on Earth. Natural History Museum – The ocean has an average depth of approximately 3.7 kilometres (or 2.3 miles). USGS (2019) – About 71% of the Earth's surface is water-covered, and the oceans hold about 96.5% of all Earth's water. Only 2.5% of Earth's water is freshwater - the amount needed for life to survive. World Bank (2017) – Globally, 70% of freshwater is used for agriculture. World Bank (2023) – 2 billion people live in countries experiencing high water stress. WaterAid – Diarrhoea caused by dirty water and poor toilets kills one child under the age of five nearly every two minutes. WaterAid – A staggering 90% of all natural disasters are water-related. Thank you for listening! Please follow us on social media to join the conversation: LinkedIn | Instagram | TikTok You can also now watch us on YouTube . Music: “Just Because Some Bad Wind Blows” by Nick Nuttall, Reptiphon Records. Available at https://nicknuttallmusic.bandcamp.com/album/just-because-some-bad-wind-blows-3 Producer: Podshop Studios Huge thanks to Siobhán Foster, a vital member of the team offering design advice, critical review and organisation that we depend upon. Stay tuned for more insightful discussions on navigating the transition away from fossil fuels to a sustainable future.…

Flying is one of the most carbon-intensive activities. In fact, if you fly, it is probably the most polluting thing that you do. Yet, aviation remains one of the toughest sectors to decarbonise, as battery technology and alternative fuels still struggle to match the efficiency of jet fuel. In this episode, James and Daisy – who both love travelling – confront the challenging topic of aviation. What are the environmental impacts of aviation? Should we stop flying? What are the alternatives? SOME RECOMMENDATIONS: Mike Berners-Lee is a researcher and writer on carbon footprinting and has written articles on how cutting aeroplane contrails is an easy climate win. - https://www.ft.com/content/d0292413-5fcf-4ab9-b738-8da289fd4987 Carbon Brief (2020) – This article calculates the true climate impact of aviation emissions and describes the impact of CO2 and non-CO2 effects. - https://www.carbonbrief.org/guest-post-calculating-the-true-climate-impact-of-aviation-emissions/ OTHER ADVOCATES, FACTS, AND RESOURCES: The Seventh Carbon Budget (2025) – Section 7.6 describes the UK’s aviation emissions and the Balanced Pathway for the aviation sector. - https://www.theccc.org.uk/wp-content/uploads/2025/02/The-Seventh-Carbon-Budget.pdf The Chicago Convention on International Civil Aviation was signed in 1944 and went into effect in 1947. It established the International Civil Aviation Organization (ICAO) and set the framework for global civil aviation. The Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) is a carbon offset and carbon reduction scheme to lower CO2 emissions for international flights and curb the aviation impact on climate change. CORSIA uses market-based environmental policy instruments to offset CO2 emissions: aircraft operators have to purchase carbon credits from the carbon market. - https://www.icao.int/environmental-protection/CORSIA/Pages/default.aspx Jack Sweeney shares information about the locations of private planes of the rich and powerful on his social media accounts, including Elon Musk and Taylor Swift. - https://x.com/Jxck_Sweeney?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor Climate Perks – The employee benefits scheme which gives staff the opportunity to take extra days off work if they choose low-carbon travel rather than flying when they go on holiday. - https://www.climateperks.com/ IPCC (1999) – There is a range of options to reduce the impact of aviation emissions, including changes in aircraft and engine technology, fuel, operational practices, and regulatory and economic measures. - https://www.ipcc.ch/report/aviation-and-the-global-atmosphere-2/ Our World in Data (2024) – “Aviation accounts for 2.5% of global CO₂ emissions. But it has contributed around 4% to global warming to date.” - https://ourworldindata.org/global-aviation-emissions ICAO (2019) – 65% of aviation’s CO2 emissions are in international airspace and, therefore, do not necessarily “belong” to individual nation states. - https://www.icao.int/environmental-protection/Documents/EnvironmentalReports/2019/ENVReport2019_pg17-23.pdf Carbon Brief (2025) – “A forest twice the size of Greater London would need to be planted in the UK to cancel out the extra emissions from the expansion of Heathrow, Gatwick and Luton airports.” “…offsetting these emissions would require more than 300,000 hectares of trees to be planted within just a few years. This equates to all the trees planted in the UK since 2000.” - https://www.carbonbrief.org/analysis-uk-would-need-forest-twice-size-of-london-to-offset-new-airport-expansion/ Thank you for listening! Please follow us on social media to join the conversation: LinkedIn | https://www.linkedin.com/company/fossil-vs-future/ Instagram | https://www.instagram.com/fossil_vs_future/ TikTok | https://www.tiktok.com/@fossil_vs_future You can also now watch us on YouTube - https://www.youtube.com/@fossil_vs_future Music: “Just Because Some Bad Wind Blows” by Nick Nuttall, Reptiphon Records. Available at https://nicknuttallmusic.bandcamp.com/album/just-because-some-bad-wind-blows-3 Producer: Podshop Studios - https://www.podshoponline.co.uk/ Huge thanks to Siobhán Foster, a vital member of the team offering design advice, critical review and organisation that we depend upon. Stay tuned for more insightful discussions on navigating the transition away from fossil fuels to a sustainable future.…

Artificial intelligence (AI) is transforming our world, enabling computers to learn and solve problems in ways that can seem human. This powerful technology is already being used to benefit the environment – optimising efficiencies, predicting weather patterns, and mapping ecological impacts. However, the immense computing power required for AI comes at a cost, consuming vast amounts of energy and other critical resources. In this episode, James and Daisy talk about AI. What exactly is AI? What are its environmental impacts? And with AI now deeply embedded in our daily lives, how can we ensure it evolves responsibly to benefit all humanity? SOME RECOMMENDATIONS: Code Dependent: How AI is Changing Our Lives – This book by Madhumita Murgia explores the impact of a set of powerful, flawed, and often exploitative technologies on individuals, communities, and our wider society. Liebreich: Generative AI – The Power and the Glory (2024) – Michael Liebreich examines the transformative potential of generative AI, particularly in creative and industrial sectors. OTHER ADVOCATES, FACTS, AND RESOURCES: Mo Gawdat – The Former Chief Business Officer at Google X published Scary Smart: The Future of Artificial Intelligence and How You Can Save Our World , a roadmap detailing how humanity can ensure a symbiotic coexistence with AI when it inevitably becomes a billion times smarter than we are. Perplexity AI – A conversational search engine that uses large language models to answer queries with sourced citations. Verv is an AI-based smart home product that sits next to your electricity or smart meter and analyses your home energy data at its source. IBM (2024) – A clear overview of AI and how it works. BBC (2025) – “Sir Keir Starmer has pledged to "build baby build", as he announced plans to make it easier to construct mini nuclear power stations in England and Wales.” Goldman Sachs (2024): “On average, a ChatGPT query needs nearly 10 times as much electricity to process as a Google search.” Google (2024): “Our total GHG emissions were 14.3 million tCO2e, representing a 13% year-over-year increase and a 48% increase compared to our 2019 target base year—primarily due to increases in data center energy consumption and supply chain emissions” ITU (2023) – Approximately 67% of the world's population (5.4 billion people) is now online. In Africa, that figure is just 37%. UNCTAD (2024) – “The production of a single 2 kg computer requires the extraction of a staggering 800 kg of raw materials.” Also, we looked up data centres in Ireland… The Guardian (2024) – Ireland’s growing fleet of datacentres used 21% of its electricity, an increase of a fifth on 2022. Thank you for listening! Please follow us on social media to join the conversation: LinkedIn | Instagram | TikTok Music: “Just Because Some Bad Wind Blows” by Nick Nuttall, Reptiphon Records. Available at https://nicknuttallmusic.bandcamp.com/album/just-because-some-bad-wind-blows-3 Producer: Podshop Studios Huge thanks to Siobhán Foster, a vital member of the team offering design advice, critical review and organisation that we depend upon. Stay tuned for more insightful discussions on navigating the transition away from fossil fuels to a sustainable future.…

The fashion industry is huge. Fuelled by social media, influencer culture, and powerful marketing, we’re constantly tempted to buy new clothes at low prices. But behind these bargains lie devastating consequences for the environment and poor conditions for garment workers. In this episode, James and Daisy dive into our obsession with fast fashion and its hidden costs. What are the environmental impacts of the fashion industry? Do different generations approach fashion differently? What can we do to change our consumption habits? SOME RECOMMENDATIONS: Less – A book by Patrick Grant considering the crisis of consumption and quality in fashion, and how we might make ourselves happier by rediscovering the joy of living with fewer, better-quality things. Let My People Go Surfing – A memoir by Yvon Chouinard, the founder of outdoor clothing company Patagonia. OTHER ADVOCATES, FACTS, AND RESOURCES: The Fashion Pact – A non-profit organization forging a nature-positive, net-zero future for fashion, through CEO-led collaboration. WRAP – A global environmental action NGO focused on creating a circular economy for textiles and other industries. Fashion for Good – A global platform for collaborative innovation in the fashion industry. The Australian Wool Industry Insetting Program has recently been launched by Woolmark, Pollination, and Landcare Australia and will connect apparel brands with Australian woolgrowers looking to reduce emissions through nature-based solutions. Mina Guli – CEO of the Thirst Foundation , a non-profit organisation dedicated to increasing awareness, driving stakeholder urgency and delivering meaningful action on fresh water. The Aral Sea was once the world’s fourth largest body of inland water but it has shrunk to a tenth of its size over the past fifty years due to human interference, causing severe environmental and social consequences. SAGES is a textile industry start-up that offers a sustainable alternative to the synthetic fabric dyes currently on the market, by turning food waste into natural dyes. They are supported by Undaunted , a hub for the UK’s climate innovation community. Grist (2024) – “Shein is officially the biggest polluter in fast fashion. AI is making things worse.” – An article about fast fashion giant, Shein, with some shocking statistics. Ellen MacArthur Foundation – “Every second, the equivalent of a rubbish truck load of clothes is burnt or buried in landfill.” “…in the last 15 years, clothing production has approximately doubled.” thredUP (2022) – “1 in 3 Gen Z say they feel addicted to fast fashion.” UNEP – “About 60 per cent of material made into clothing is plastic, which includes polyester, acrylic and nylon textiles.” Earth.Org (2025) – “The the industry is the second-biggest consumer of water and is responsible for about 10% of global carbon emissions – more than all international flights and maritime shipping combined.” McKinsey (2025) – “The fashion industry is worth around $1.7 trillion and over 300 million people work across its global supply chains.” McKinsey research also indicates that most fashion brands could reduce their emissions by more than 60 percent for less thatn 1 to 2 percent of their revenues. Thank you for listening! Please follow us on social media to join the conversation: LinkedIn | Instagram | TikTok Music: “Just Because Some Bad Wind Blows” by Nick Nuttall, Reptiphon Records. Available at https://nicknuttallmusic.bandcamp.com/album/just-because-some-bad-wind-blows-3 Producer: Podshop Studios Huge thanks to Siobhán Foster, a vital member of the team offering design advice, critical review and organisation that we depend upon. Stay tuned for more insightful discussions on navigating the transition away from fossil fuels to a sustainable future.…

Plastics have revolutionized modern life with their versatility and usefulness, but their overwhelming abundance has led to a mounting crisis. Plastic waste is everywhere: in the air we breathe, the ice on Mount Everest, the water we drink, the fish we eat, and even in human placentas. This pollution is not only devastating ecosystems but also harming our health. Adding to the problem, plastics are intrinsically tied to climate change, as most are derived from fossil fuels. In this episode, James and Daisy are joined by Aidan Charron from EARTHDAY.ORG to unpack the plastics problem. What exactly are plastics? Why are they so bad for the planet, and for us? What is the Plastics Treaty, and why does it matter? SOME RECOMMENDATIONS: EARTHDAY.ORG – EARTHDAY.ORG’s founders created and organized the very first Earth Day on April 22, 1970. Since then, Earth Day Network also known as EARTHDAY.ORG has been mobilizing over 1 billion people annually on Earth Day, and every other day, to protect the planet. Babies vs. Plastics Report – Evidence is mounting that plastics, microplastics and their additive chemicals pose potentially serious health risks to humans, with babies and infants being especially vulnerable. Pets vs. Plastics Report – This report is a meta-analysis of some of the available research to date studying the impact of plastics, microplastics and their additive chemicals on the health of our pets. Plastics Treaty – In March 2022, the United Nations Environment Programme instated an International Negotiating Committee (INC) tasked with creating a global, legally binding memorandum tackling the pressing problem of plastics pollution. OTHER ADVOCATES, FACTS, AND RESOURCES: Silent Spring by Rachel Carson – published on September 27, 1962, this book documented the environmental harm caused by the widespread use of pesticides and is recognizes as one of the most influential books of the twentieth century. SYSTEMIQ (2020) – “Breaking the Plastic Wave” is a global analysis using first-of-its kind modelling, showing that we can cut annual flows of plastic into the ocean by about 80% in the next 20 years by applying existing solutions and technologies. Ellen MacArthur Foundation – a charity committed to creating a circular economy, which is designed to eliminate waste and pollution, circulate products and materials (at their highest value), and regenerate nature. Notpla – advanced packaging solutions made from seaweed and other natural materials as an alternative to single-use plastic. The Blue Planet – a wildlife documentary series, presented and narrated by David Attenborough, exploring the planet's oceans. UNDP (2023) – “Scientists estimate that only around 9 percent of all the plastic waste generated globally is recycled.” EARTHDAY.ORG – “More than 500 billion plastic bags – one million bags per minute – were produced worldwide last year.” World Economic Forum (2022) – “Saying no to single-use plastics is the most common sustainable lifestyle change among UK consumers. More than 60% have reduced their use of throwaway plastics.” BBC (2019) – A cotton bag needs to be reused at least 131 times to make it more environmentally friendly than a plastic bag. Thank you for listening! Please follow us on social media to join the conversation: LinkedIn | Instagram | TikTok Music: “Just Because Some Bad Wind Blows” by Nick Nuttall, Reptiphon Records. Available at https://nicknuttallmusic.bandcamp.com/album/just-because-some-bad-wind-blows-3 Producer: Podshop Studios Huge thanks to Siobhán Foster, a vital member of the team offering design advice, critical review and organisation that we depend upon. Stay tuned for more insightful discussions on navigating the transition away from fossil fuels to a sustainable future.…

The COP, or ‘Conference of the Parties,’ is the main decision-making body of the United Nations Framework Convention on Climate Change (UNFCCC), meeting annually to assess progress in dealing with climate change. This year, COP29 will be held in Baku, Azerbaijan. In this episode, James and Daisy talk about the COPs. How did they begin? Is the process effective? What might we expect from this year’s conference? SOME RECOMMENDATIONS: The Carbon War by Jeremy Leggett – this book is an eyewitness account of the climate talks, and the way the fossil-fuel vested-interests (the “carbon club”) tried to derail them. Landing the Paris Agreement by Todd Stern – from the U.S. lead negotiator on climate change, this book is an inside account of the seven-year negotiation that culminated in the Paris Climate Agreement in 2015 OTHER ADVOCATES, FACTS, AND RESOURCES: COP29 Presidency Action Agenda Letter – outlines the fourteen COP29 Presidency Initiatives. Agenda 21 (adopted in 1992) – a comprehensive plan of action to be taken globally, nationally and locally by organizations of the United Nations System, Governments, and Major Groups in every area in which human impacts on the environment. What are the UN ‘COP’ climate change conferences? – this overview from The Grantham Institute highlights some of the important milestones from past UN climate change conferences. James was part of the Global Agenda Council of the WEF – here are some of the pieces he has contributed to: https://www.weforum.org/stories/authors/jamescameron/ James highlighted some inspiring individuals in this episode who have played key roles in the COP journey: Philippe Sands is a specialist in international law who James worked with in New York prior to the Rio Summit. Durwood Zaelke is an American environmental litigator, professor, author, and advocate, who founded the Institute for Governance & Sustainable Development (IGSD). Farhana Yamin is a British lawyer, public speaker and climate activist. Robert Van Lierop is a ni-Vanuatu-American lawyer, diplomat, political activist, filmmaker, writer and photojournalist. Brindusa Burrows was formerly Associate Director with the World Economic Forum and is now at the Graduate Institute of International and Development Studies and is a visual artist. Morgan Bazilian is Professor of Public Policy at the Colorado School of Mines. Philippe, Durwood, and Farhana were at some stage all part of the Center for International Environmental Law (CIEL) . If you want to dig deeper, there is plenty of academic writing on the climate negotiations. We’d recommend the names below: Professor Dan Bodansky at Arizona State University Professor Scott Barratt at Columbia University Professor David Victor at the University of California San Diego Professor Lavania Rajamani at the University of Oxford Dr Joanna Depledge at the University of Cambridge Thank you for listening! Please follow us on social media to join the conversation: LinkedIn | Instagram | TikTok Music: “Just Because Some Bad Wind Blows” by Nick Nuttall, Reptiphon Records. Available at https://nicknuttallmusic.bandcamp.com/album/just-because-some-bad-wind-blows-3 Producer: Podshop Studios Huge thanks to Siobhán Foster, a vital member of the team offering design advice, critical review and organisation that we depend upon. Stay tuned for more insightful discussions on navigating the transition away from fossil fuels to a sustainable future.…

Nature is essential to our survival and wellbeing, yet we are rapidly destroying it. Human activities like urbanisation, pollution, deforestation and commercial fishing are all degrading Earth’s biodiversity at an alarming rate. While they have historically been treated as two separate issues, climate change and biodiversity loss are deeply connected. In this episode, James and Daisy discuss nature. Why is protecting nature important? What exactly is natural capital? What emerging incentives are there to prevent biodiversity loss? SOME RECOMMENDATIONS: The Dasgupta Review – an independent, global review of the Economics of Biodiversity led by Prof. Sir Partha Dasgupta, commissioned in 2019 by HM Treasury. It looks at how we think, act, and measure economic success to protect and enhance the natural world. The Taskforce on Nature-related Financial Disclosures (TNFD) has developed a set of disclosure recommendations and guidance that encourage and enable business and finance to assess, report and act on their nature-related dependencies, impacts, risks and opportunities. Radical Realist – the weekly newsletter from The Conduit, that “brings you the biggest impact stories from across the globe.” OTHER ADVOCATES, FACTS, AND RESOURCES: Living Planet Report (WWF) – a comprehensive study of trends in global biodiversity and the health of the planet. Over the past 50 years (1970–2020), the average size of monitored wildlife populations has shrunk by 73%, as measured by the Living Planet Index (LPI). Stop Ecocide International – Polly Higgins was a British barrister who fought for ‘ecocide’ to be recognised as a crime, just as genocide is. Philippe Sands KC helped draw up the definition of ecocide. Climate Asset Management – formed in 2020 as a joint venture of HSBC Asset Management and Pollination, with the ambition to grow the world’s largest asset management company dedicated to natural capital. Nattergal is a company with a mission to deliver nature recovery at scale, to provide vital benefits for society and sustainable financial returns. Highlands Rewilding seeks to help rewild and re-people the Scottish Highlands by increasing carbon sequestration, growing biodiversity, creating green new jobs and generating sustainable profit for purpose. Faith In Nature – this beauty company has appointed a director to represent nature on its board. Ingka Young Leaders Forum – a global youth advisory council where Ingka Group's senior decision-makers and the Young Leaders Forum members co-create actionable and transformational strategies together. Ingka Group is the largest IKEA franchisee. Kunming-Montreal Global Biodiversity Framework (GBF) – the framework agreed at COP15 consisting of global targets to be achieved by 2030 and beyond to safeguard and sustainably use biodiversity. It includes the “30x30” conservation target, that calls for 30% of the earth’s land and sea to be conserved through the establishment of protected areas (PAs) and other area-based conservation measures (OECMs). Thames Tideway Tunnel (or super sewer) – a £4.5 billion project to increase the capacity of the sewage system. It is a 25km tunnel running from west to east London which will help protect the River Thames from sewage pollution. Earth Overshoot Day – this year’s date was Thursday, 1 August 2024. The Joni Mitchell song James mentioned is called Big Yellow Taxi. It’s one our favourites! Thank you for listening! Please follow us on social media to join the conversation: LinkedIn | Instagram | TikTok Music: “Just Because Some Bad Wind Blows” by Nick Nuttall, Reptiphon Records. Available at https://nicknuttallmusic.bandcamp.com/album/just-because-some-bad-wind-blows-3 Huge thanks to Siobhán Foster, a vital member of the team offering design advice, critical review and organisation that we depend upon. Stay tuned for more insightful discussions on navigating the transition away from fossil fuels to a sustainable future.…

Food is often overlooked in conversations about climate change, yet our food system contributes roughly one-quarter to one-third of human-caused greenhouse gas emissions. It is also the leading cause of biodiversity loss, and agriculture accounts for 70% of global freshwater withdrawals. Beyond environmental impacts, the food system is significantly damaging human health. In this episode, James and Daisy talk about our global food system. What is wrong with it? How much responsibility lies with big corporations? And do we need to stop eating meat? SOME RECOMMENDATIONS: Project Drawdown – A great resource to learn more about food-related climate solutions. The EAT- Lancet Report (2019) – the first attempt to set universal scientific targets for the food system that apply to people and planet. Plant-Based Diets (WWF) – a science-based platform to encourage diets that are good for people and planet. There’s a calculator so that can find out whether you’re eating the right things for you and for the environment. OTHER ADVOCATES, FACTS, AND RESOURCES: FAO (2023) – Achieving SDG2 without breaching the 1.5C threshold: A Global Roadmap – FAO has identified 10 ‘domains of action’ that form a holistic portfolio. The Roadmap includes 120 actions, within which we can take concrete steps towards making a difference. The Felix Project : A London-based charity that rescues good, surplus food from the food industry that cannot be sold and would otherwise go to waste and delivers it to hundreds of food banks, charities, primary schools and holiday programmes. You can find ways to volunteer with them here . Tesco : In 2009, Tesco became the first business globally to set the ambition to become net zero across Group operations by 2050. In 2017, they were the first FTSE 100 company to set science-based targets for both own operations and supply chain in line with the Paris Agreement's 1.5C pathway. Green Climate Fund (GCF) : Health, food, and water security is an important area of work for GCF. It has funded 139 projects in this area amounting to $1.8 billion in financing. IPCC (2019): The food system is responsible for about 21–37% of total greenhouse gas (GHG) emissions. UNEP (2021):Our global food system is the primary driver of biodiversity loss, with agriculture alone being the identified threat to 24,000 of the 28,000 (86%) species at risk of extinction. FAO (2024): It is estimated that between 713 and 757 million people, corresponding to 8.9 and 9.4 percent of the global population, respectively, may have faced hunger in 2023. Considering the mid-range (733 million), this is about 152 million more people than in 2019. WHO (2024): In 2022, 1 in 8 people in the world were living with obesity. In 2022, 2.5 billion adults (18 years and older) were overweight. Of these, 890 million were living with obesity. Thank you for listening! Please follow us on social media to join the conversation: LinkedIn | Instagram | TikTok Music: “Just Because Some Bad Wind Blows” by Nick Nuttall, Reptiphon Records. Available at https://nicknuttallmusic.bandcamp.com/album/just-because-some-bad-wind-blows-3 Producer: Podshop Studios Huge thanks to Siobhán Foster, a vital member of the team offering design advice, critical review and organisation that we depend upon. Stay tuned for more insightful discussions on navigating the transition away from fossil fuels to a sustainable future.…

Carbon offsetting is a carbon trading mechanism that allows entities to compensate for their residual carbon emissions by investing in projects that reduce, avoid, or remove emissions elsewhere. While this approach can contribute to climate goals, it often faces criticism for potentially allowing companies to sidestep substantial decarbonization efforts. Additionally, verifying the benefits of offsets is a significant challenge and some projects may promise more than they can deliver. In this episode, James and Daisy chat about the complexities of carbon offsets and carbon markets. What are the differences between the voluntary and compliance carbon markets? Is offsetting better than doing nothing? Is the word “offset” inherently problematic? SOME RECOMMENDATIONS: Five Times Faster – a book by Simon Sharpe, where he argues that “in our fight to avoid dangerous climate change, science is pulling its punches, diplomacy is picking the wrong battles, and economics has been fighting for the other side.” ISSD (2023) – We loved this article by Scott Vaughan and Charles Di Leva on international carbon markets. International Journal of Sustainable Energy (2023) – James contributed to this methodology alongside Daniel Morrell and Felix Dodds. It presents the “Balance” approach to sustainable development and describes two novel measures: a carbon calculator for commercial entities, and a new metric, the Balance Unit, combining biodiversity creation with carbon credits. OTHER ADVOCATES, FACTS, AND RESOURCES: SBTi (2024): If you’re interested in joining the debate on offsets, it is worth reading this synthesis report on carbon credits and following updates from the SBTi. BloombergNEF (2022): “…[compliance] markets reached a value of more than $850 billion in 2021 and cover close to a fifth of global greenhouse gas emissions.” “Despite the hype of voluntary carbon markets, they are still very small compared to compliance markets, valued at around $1 billion to $2 billion in 2021.” Deloitte (2023): “There are now 36 “compliance carbon markets” that offer cap-and-trade programs for heavy polluters.” Bioregional (2024): Read this blog to understand a bit more about carbon insetting – “…carbon insetting supports emissions reductions within an organisation’s own value chain.” World Bank Group (2022): This article provides a clear explanation of Article 6 of the Paris Agreement – “Article 6 of the Paris Agreement allows countries to voluntarily cooperate with each other to achieve emission reduction targets set out in their NDCs.” Pollination (2023): Delta Blue Carbon is a project in Pakistan that is restoring critical mangrove habitat, creating a large carbon market that is genuinely nature-positive, and offering the local community tangible benefits and a starring role in the restoration and stewardship of their environment. Thank you for listening! Please follow us on social media to join the conversation: LinkedIn | Instagram | TikTok Music: “Just Because Some Bad Wind Blows” by Nick Nuttall, Reptiphon Records. Available at https://nicknuttallmusic.bandcamp.com/album/just-because-some-bad-wind-blows-3 Producer: Podshop Studios Huge thanks to Siobhán Foster, a vital member of the team offering design advice, critical review and organisation that we depend upon. Stay tuned for more insightful discussions on navigating the transition away from fossil fuels to a sustainable future.…

It’s too expensive to make the change, isn’t it? The financial cost of addressing climate change is often used as a reason not to act. However, while estimates for how much the green transition will cost are indeed high, these numbers are dwarfed by the increased social and economic costs that we will incur if we continue with business as usual. In this episode, James and Daisy explore the financial “cost” of climate action. What are the costs of acting on climate change? What are the costs of not acting? Is it detrimental for us to delay taking action? SOME RECOMMENDATIONS: The Oxford Martin Programme on the Post-Carbon Transition – James contributed to this programme that was seeking to find out how we identify, model, and trigger sensitive intervention points to rapidly transition to a post-carbon society. RMI have some great resources on the costs of transition and the exponential change we’re already seeing. In June 2024, they published this informative paper on The Cleantech Revolution . OTHER ADVOCATES, FACTS, AND RESOURCES: Climate Policy Initiative (2023): In 2021/2022, CPI tracked USD 1.3 trillion per year in global climate finance. Climate Policy Initiative (2024): “CPI estimates that climate finance needs to ensure global temperatures do not rise above 1.5 ° C range from USD 5.4 trillion to USD 11.7 trillion per year until 2030, and between USD 9.3 trillion and USD 12.2 trillion per year over the following two decades. These needs are dwarfed by the increased social and economic costs that will be incurred under business-as-usual (BAU) warming scenarios ( which CPI estimates to be at least USD 1,266 trillion ) and will only worsen the longer action is delayed.” RMI : “Financing the energy transition is a story of capital reallocation. Over the next seven years, renewable capex will roughly double and fossil fuel capex will roughly halve under core IEA scenarios. Falling fossil fuel capex will therefore provide half of the growth in renewable capex.” Samsung have developed a solid-state battery that boasts a 600-mile range, 9-minute charging time, and 20-year lifespan. Our World in Data (2020): Why did renewables become so cheap so fast? Renewable energy technologies follow leaning curves, which means it makes sense to invest in and scale these technologies now. Thank you for listening! Please follow us on social media to join the conversation: LinkedIn | Instagram | TikTok Music: “Just Because Some Bad Wind Blows” by Nick Nuttall, Reptiphon Records. Available at https://nicknuttallmusic.bandcamp.com/album/just-because-some-bad-wind-blows-3 Producer: Podshop Studios Huge thanks to Siobhán Foster, a vital member of the team offering design advice, critical review and organisation that we depend upon. Stay tuned for more insightful discussions on navigating the transition away from fossil fuels to a sustainable future.…

Nuclear energy holds great potential to contribute to power sector decarbonisation. It is a carbon-free and extremely energy dense resource that produces no air pollution. However, it comes with significant drawbacks: not only is nuclear energy very expensive, but the byproduct is radioactive material that can be extremely toxic and is long-lasting, leading to safety fears. In this episode, James and Daisy discuss the benefits and challenges of nuclear energy, one of the most contentious topics within the environmental movement. What exactly is nuclear energy? What role should nuclear power play in the transition to cleaner energy? And how do the risks of nuclear energy compare to the risks posed by climate change? SOME RECOMMENDATIONS: Gaia: A New Look at Life on Earth – a book by James Lovelock that puts forward the idea that life on earth functions as a single organism. Our World in Data (2020): What are the safest and cleanest sources of energy? Fossil fuels are the dirtiest and most dangerous, while nuclear and modern renewable energy sources are vastly safer and cleaner. This article is also a useful resource to explore global data on nuclear energy production: Nuclear Energy . OTHER ADVOCATES, FACTS, AND RESOURCES: IEA : Nuclear power accounts for about 10% of electricity generation globally, rising to almost 20% in advanced economies. Terrestrial Energy is a Canadian nuclear technology company working on Generation IV nuclear technology. Verv is an AI-based smart home product that sits next to your electricity or smart meter and analyses your home energy data at its source. In 2018, a Government-backed trial in Hackney used Verv’s renewable energy trading platform to enable customers with renewable energy supplies and battery storage to sell surplus power directly to neighbours. The Guardian (2024): The cost of completing Hinkley Point C (a nuclear plant in Somerset) will be between £31bn and £34bn, although if completion is delayed to 2031 costs would rise to £35bn. Thank you for listening! Please follow us on social media to join the conversation: LinkedIn | Instagram | TikTok Music: “Just Because Some Bad Wind Blows” by Nick Nuttall, Reptiphon Records. Available at https://nicknuttallmusic.bandcamp.com/album/just-because-some-bad-wind-blows-3 Producer: Podshop Studios Huge thanks to Siobhán Foster, a vital member of the team offering design advice, critical review and organisation that we depend upon. Stay tuned for more insightful discussions on navigating the transition away from fossil fuels to a sustainable future.…

Nearly every aspect of our lives depends on minerals. From mobile phones and cars to medical devices and laptops, these essential elements are everywhere. The transition from fossil fuels to clean energy hinges on critical minerals. However, their mining and processing can lead to significant environmental and social challenges. In this episode, James and Daisy explore the complex issues surrounding the supply of critical minerals. Can we bridge the gap between supply and demand? How can we navigate the escalating geopolitical tensions? Can we trust the mining companies? SOME RECOMMENDATIONS: Toxic Cost of Going Green : a 23-minute documentary from Unreported World investigating cobalt mining in the Democratic Republic of Congo. Material World: A Substantial Story of Our Past and Future by Ed Conway : Read this book to learn more about the six most crucial substances in human history: sand, salt, iron, copper, oil and lithium. Morgan Bazilian : As the Director of the Payne Institute and a Professor of public policy at the Colorado School of Mines, Dr. Bazilian offers compelling insights into mining and energy security. Cleaning Up: Leadership in an Age of Climate Change : Listen to this podcast by Michael Liebreich and Bryony Worthington where each week they have a conversation with a leader in clean energy, mobility, climate finance or sustainable development. They have recent episodes on topics related to critical minerals, including battery recycling. Simon Evans : Follow Simon on social media for more insights on the energy transition, including critical minerals. Simon covers climate and energy policy for Carbon Brief, a UK-based website covering the latest developments in climate science, climate policy and energy policy. OTHER ADVOCATES, FACTS, AND RESOURCES: IEA : “To hit net-zero globally by 2050, would require six times more mineral inputs in 2040 than today.” IEA : “A typical electric car requires six times the mineral inputs of a conventional car.” SUN Mobility aims to accelerate the adoption of electric mobility with their battery swapping technology. This technology enables users to purchase their electric vehicles without a fixed battery pack and subscribe to a battery swapping service that allows them to simply swap a depleted battery for a fully charged, temperature-controlled battery pack. The Waste Electrical and Electronic Equipment Directive (WEEE Directive) is a European Community Directive that, together with the Restriction of Hazardous Substances (RoHS) Directive became law in February 2003. The WEEE Directive set collection, recycling and recovery targets for all types of electrical goods. MIT Climate : “In 2021, over 7.5 billion tons of coal were extracted from the ground, while the IEA projects that the total amount of minerals needed for clean energy technology by 2040 will be under 30 million tons.” McKinsey : Mining is not seen as an attractive industry for young talent in Canada – 42% of respondents, aged 15 to 30, definitely would not consider working in mining, and 28% probably would not. Pollination commissioned a new independent legal opinion, which concludes that directors subject to the law of England and Wales should have regard to relevant nature-related risks. National Grid : In the UK, power provided from coal was responsible for only 1% of electricity generation in 2023, compared to 2018 when coal represented 5.1% and 2013 when 39.6% was generated by coal. Thank you for listening! Please follow us on social media to join the conversation: LinkedIn | Instagram | TikTok Music: “Just Because Some Bad Wind Blows” by Nick Nuttall, Reptiphon Records. Available at https://nicknuttallmusic.bandcamp.com/album/just-because-some-bad-wind-blows-3 Producer: Podshop Studios Huge thanks to Siobhán Foster, a vital member of the team offering design advice, critical review and organisation that we depend upon. Stay tuned for more insightful discussions on navigating the transition away from fossil fuels to a sustainable future.…

China is often called out for its excessive contribution to global greenhouse gas emissions, predominantly due to its huge reliance on coal power. However, at the same time it is the world leader in renewable energy generation and has a rapidly expanding electric vehicle industry. In this episode, James and Daisy discuss China’s centrality to global climate action. Is China slowing down its use of fossil fuels? Should we be concerned about our high dependence on China for minerals and other resources? What can we learn from China’s approach to transition? SOME RECOMMENDATIONS: China Dialogue was founded by Isabel Hilton, an international journalist, in 2006. It is an independent non-profit committed to accurately portraying China’s development impacts across the Global South through geopolitically even-handed reporting and constructive dialogue. It is a useful place to get informed on what is going on in China. Climate Action Tracker – an independent scientific project that tracks government climate action and measures it against the globally agreed Paris Agreement. It tracks 39 countries and the EU, evaluating climate change mitigation targets, policies and actions. It is a great resource for seeing how countries are progressing towards achieving their climate goals. OTHER ADVOCATES, FACTS, AND RESOURCES: WRI : “China is the biggest emitter at 26.4% of global greenhouse gas emissions, followed by the United States at 12.5%.” However, this was as of 2019. According to Our World in Data , it looks like China’s contribution to global emissions may have risen to 30.68% in 2022. This webpage also has some interesting graphs showing a breakdown of China’s CO2 emissions by source. Rocky Mountain Institute : “China produces three-quarters of all lithium-ion batteries and 70 percent of cathode capacity and processes and refines more than half of the world’s lithium, cobalt, and graphite.” Visual Capitalist has some nice graphs on the wind and solar power scale-up: “85% of solar PV is manufactured in China.” Our World in Data : “On the basis of cumulative CO2 emissions measured from 1751 through to 2017, China is responsible for 13% globally and about half of the United States' cumulative emissions.” IEA : “China accounts for almost 60% of new renewable capacity expected to become operational globally by 2028.” Belt and Road Initiative (BRI) – a massive China-led infrastructure project seeking to connect Asia with Africa and Europe via land and maritime networks. Read more about it in this explainer from Chatham House . Soltecture (formerly Sulfurcell) was the German company James referred to that develop and produce thin film solar cells. Jack Ma co-founded Alibaba , one of the world’s largest e-commerce businesses. Lauri Myllyvirta is a Senior Fellow at the China Climate Hub, a global non-profit dedicated to understanding Asia through policy, arts, and education. Jeanne-Marie Gescher – one of the world’s leading experts on China. We recommend her book All Under Heaven: China’s Dreams of Order . Thank you for listening! Please follow us on social media to join the conversation: LinkedIn | Instagram | TikTok Music: “Just Because Some Bad Wind Blows” by Nick Nuttall, Reptiphon Records. Available at https://nicknuttallmusic.bandcamp.com/album/just-because-some-bad-wind-blows-3 Producer: Podshop Studios Huge thanks to Siobhán Foster, a vital member of the team offering design advice, critical review and organisation that we depend upon. Stay tuned for more insightful discussions on navigating the transition away from fossils to a sustainable future.…

Fossil fuels—coal, oil, and natural gas—have been a dependable and efficient energy source for over a century. However, their combustion releases greenhouse gases, making fossil fuel emissions the primary driver of climate change. Reducing fossil fuel consumption is imperative to mitigate global warming. In this episode, hosts James and Daisy delve into the contentious debate surrounding fossil fuels. Are fossil fuels essential for meeting current and future global energy needs? How might we transition away from our reliance on fossil fuels? Should fossil fuel companies play a role in our green future? SOME RECOMMENDATIONS: Carbon Tracker : Follow this independent financial think tank for comprehensive analysis on the energy transition. Make My Money Matter : Learn how to align your UK pension with sustainability goals. OTHER ADVOCATES, FACTS, AND RESOURCES: IPCC (2022) : “Fossil fuel combustion and industrial processes represent the single largest source of CO2 (85%) and overall greenhouse gas emissions (64%) worldwide.” The Guardian (2024): ‘Smoking gun proof’: fossil fuel industry knew of climate danger as early as 1954, documents show The International Energy Agency (IEA) – an intergovernmental organisation specialising in sustainable energy. Explore insights from the World Energy Outlook 2023 . Octopus Energy – a British renewable energy group specialising in sustainable energy. Mark Z. Jacobson – a Stanford University professor tracking California’s renewable energy performance. In July 2024 , California celebrated 100 days of renewables supplying 100% of California’s electricity demand for a portion of each day. We looked up fossil fuel subsidies and according to the IMF , globally, fossil fuel subsidies were $7 trillion or 7.1 percent of GDP in 2022. Thank you for listening! Please follow us on social media to join the conversation: LinkedIn | Instagram | TikTok Music: “Just Because Some Bad Wind Blows” by Nick Nuttall, Reptiphon Records. Available at https://nicknuttallmusic.bandcamp.com/album/just-because-some-bad-wind-blows-3 Producer: Podshop Studios Huge thanks to Siobhán Foster, a vital member of the team offering design advice, critical review and organisation that we depend upon. Stay tuned for more insightful discussions on navigating the transition away from fossils to a sustainable future.…