(MENAFN- Investor Ideas) Investorideas, a global news source and leading investor resource covering cleantech stocks issues a new edition of the Cleantech and Climate Change Podcast .
Listen to the Podcast with host Dawn Van Zant and wildfire/forest expert Paul Hessberg
Cleantech Podcast - How much will you buying an electric vehicle save the planet if the 100 top polluters continue their path?
Listen to the cleantech and climate change podcast on Spotify
Good morning and welcome to today's podcast. Today I would like to start the conversation about climate change initiatives versus the critical issues of water, land and air pollution.
As global governments push consumers to go down the electric vehicle path, what are they doing to protect us from the top major polluters to the air we breathe, our oceans and the soil we grow our food on? These corporations have the option of buying carbon credits, going to court and paying fines, not paying fines or lobbying governments to continue their dirty path.
Consumers are trying their best - from recycling to buying electric vehicles, using less water, growing their own food. But we will barely put a dent in the problem if the government and big corporations don't address real pollution issues.
So let's look at some of the top 100 polluters out there and see what they are doing. This data from the Political Economy Research Institute for the Toxic 100 Air Polluters Index (2022 Report, Based on 2020 Data) shows Warren Buffett's Berkshire Hathaway (NYSE: BRK.A ; BRK.B ) as one of the top ten air polluters. The world considers him one of the best and most respected investors - and yet this is his contribution to the planet we live on.
Looking at the top 100 water polluters index from the Political Economy Research Institute , Northrop Grumman (NYSE:NOC ) is the top culprit How do we deal with this? The US Government rewards them with billions of dollars in contracts.
According to an article from Global Times , "The US used to have dozens of defense contractors before the post-Cold War merger boom. Nowadays, there are only five MIC giants that jointly dominate the US' huge arms industry - Boeing, General Dynamics, Lockheed Martin, Northrop Grumman, and Raytheon."
"The "Big Five" alone routinely split more than $150 billion in Pentagon contracts annually, or nearly 20 percent of the total Pentagon budget, said an article published by The Nation in May."
Toxic 100 Water Polluters Index (2022 Report, Based on 2020 Data)
(Click on column headers to re-sort table: current sort is by Toxic 100 Water Rank)
When it comes to the actual impact of the benefits of buying an electric vehicle, there are different results based on which study you read according to Carbonbrief .
A recent working paper from a group of German researchers at the think-tank Institute for Economic Research (ifo ) found that "electric vehicles will barely help cut CO2 emissions in Germany over the coming years." It suggests that, in Germany, "the CO2 emissions of battery-electric vehicles are, in the best case, slightly higher than those of a diesel engine."
This study was picked up in the international media, with the Wall Street Journal running an editorial titled, "Germany's dirty green cars ". It also engendered pushback from electric vehicle advocates, with articles in Jalopnik and Autoblog , as well as individual researchers rebutting the claim.
Other recent studies of electric cars in Germany have reached the opposite conclusion. One study found that emissions from EVs have emissions up to 43% lower than diesel vehicles. Another detailed that "in all cases examined, electric cars have lower lifetime climate impacts than those with internal combustion engines".
These differences arise from the assumptions used by researchers. As Prof Jeremy Michalek , director of the Vehicle Electrification Group at Carnegie Mellon University tells Carbon Brief, "which technology comes out on top depends on a lot of things". These include which specific vehicles are being compared, what electricity grid mix is assumed, if marginal or average electricity emissions are used, what driving patterns are assumed, and even the weather.
And talking about the weather we saw the cold weather effect on electric vehicles last year in Texas. Bloomberg reported today that, "The Texas grid operator is seeking to secure an extra 3,000 megawatts of power reserves this winter to avoid an "unacceptable" risk of an emergency in extreme conditions."
"The Electric Reliability Council of Texas estimates that there is an almost 20% probability that the state grid it manages will enter into an energy emergency alert, or EEA, if there is a repeat of last year's December storm, Ercot said in a notice Monday. Procuring 3,000 megawatts will cut that probability to less than 10%."
So the next time you recycle or wait a year or more for an electric vehicle that may never come and that the power grid may not be able to support, reach out to your members of Government and tell them to stop rewarding or ignoring the pollution we are facing from big corporations and hold them as accountable as they are trying to make you.
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Thanks, that's it for today. Do something good for this beautiful planet each and every day.
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