Welcome to this week's edition of our Snippets newsletter.
As we enter our 29th day of lockdown, we can now see a future that is certainly brighter than the one we viewed two-weeks ago. Many minds have been thinking about how things might look and operate post lockdown and how going back to ‘business as usual’ is not an option. The Climate Change Commission has written to James Shaw as the Minister for Climate Change outlining a climate change focussed economic recovery. The Sustainable Business Network and International Energy Agency also echo these thoughts and sentiments.
We also examine a Transpower report setting out how investments in renewable generation need to continue and accelerate in order to decarbonize the New Zealand economy. Hydrogen also has a part to play in terms of decarbonizing heavy transport and industrial processes requiring large amounts of thermal energy.
The shape of how we invest and what sort of companies are going to thrive ahead into the future are also examined. Investments in Environmental, Social and Governance (ESG) funds and companies is only going to increase, if for no other reason than they out perform the rest of the market. Companies that ignore climate change or ESG requirements risk reputational damage, financial vulnerability and a lack of access to capital.
We trust you all remain safe and well from within your ‘bubble’. Only another four-days and hopefully restrictions of movement will ease for many of us as we shift into a Level Three alert level. The Carbon EMS staff are proud of the way New Zealanders have behaved and how we are all getting through this together.
The Climate Change Commission has been using their bubble time to construct a six principled post pandemic proposal for James Shaw, the Minister for Climate Change, to take to Cabinet outlining a climate change focussed economic recovery. The principles include considering how stimulus investments can deliver long-term climate benefits, bringing forward transformational climate change investments and shaping its economic recovery plan in partnership with iwi/ Māori consistent with the principles of Te Tiriti o Waitangi. Read more.....
The lessons we learn from the coronavirus pandemic will shape the future of our children and grandchildren, and will be relevant to another crisis we are already in the midst of – the climate crisis. If something good can come from this crisis, it is these lessons, and the understanding we cannot go back to ‘business as usual’. Two of these lessons are that humans and nature are inseparable, as we depend on a healthy natural environment, and global threats need global cooperation. Read more.....