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A place where we like to share updates about the company, thought-provoking news on what is happening around in sustainability and informative material on the topic 💡
Bluefoundation at Pollutec Lyon 2023
🌍 We're back, and we come bearing exciting news already!
We are thrilled to announ... | We'll keep it brief: 🗓️ Mark your calendars for 10-13 October, booth H6-C030a - Startup and Innovative SMEs area - ITA - Italian Trade Agency, at Pollutec Lyon.
We'll share our vision on supporting the energy transition - on the basis of technology and innovation - through a dedicated set of transformative services 🍃⚙️
A valuable time to meet in person, share ideas, perspective and create opportunities.
See you there!
Carbon Tax vs Emission Trading Scheme (ETS)
Carbon tax and Emission Trading Scheme (ETS) are two mechanisms related to carbon pricing that could be confused, let’s explore what they are and their...
implications in short:
🧾 Carbon tax: a policy measure imposes a tax proportional to the tonnes of GHG emitted by a company, aiming to create a financial incentive for businesses to reduce their emissions. This kind of carbon pricing is more easily predictable for companies’ business plans, however it’s harder for policymakers to predict its impact on emissions reduction.
🧾 ETS: as the one deployed across EU, this kind of mechanism provides a “cap-and-trade” system, so that a carbon market is created. Companies emitting more than their allowance must purchase allowances to compensate for their emissions, while companies that emit less can sell their remaining allowances. The impact of cap-and-trade systems is more easily controllable by policymakers as the total emissions cap is decreased over time, however the allowances price can fluctuate and is harder for businesses to predict its impact on the economics.
👌 What’s most important: both of the instruments are aimed at internalising the costs of greenhouse gas emissions and drive a shift towards a low-carbon economy.
💡 The consequence? Businesses subjected to carbon pricing schemes should view emission reduction interventions not as a burden, but rather as a significant investment opportunity.
Embrace the Future: Climate Change as an Investment Opportunity for Industries
"Climate change is the greatest investment opportunity in history." - Al Gore
As the world grapples with the urgency of addressing climate change, businesses...
in every sector now have a unique opportunity to not only contribute to the solution, but also benefit from the transition process. The key: view climate change as an investment opportunity, rather than a burden or challenge. Let's explore why below:
1️⃣ Security from Transition Risks and Possibility of Savings:
Investing in sustainable practices and technologies allows companies to mitigate the transition risks associated with climate change. By proactively adapting to a low-carbon economy, industries can ensure the sustainability of their operations, reduce dependence on fossil fuels and save money through energy efficiency and resource optimization.
2️⃣ Changes in Consumer Requests:
Consumers increasingly demand environmentally friendly products and services. Businesses that align with sustainability goals can attract a growing market of environmentally conscious customers, improve brand reputation and gain a competitive advantage.
3️⃣ Regulatory Framework:
In Europe and around the world, governments are gradually introducing stricter regulations to combat climate change. By embracing sustainable practices in advance of regulatory requirements, industries can position themselves as leaders in sustainability, avoid penalties and ensure long-term success.
4️⃣ Access to Capital:
Investors are increasingly considering environmental, social and governance (ESG) factors in investment decisions. Companies that integrate sustainability into their business strategies can attract capital from ESG-focused investors and access a broader range of financing options.
5️⃣ ESG Assessments of Supply Chain Leaders:
Large companies are starting to require their suppliers to meet minimum ESG scores. By proactively adopting sustainable practices, companies can meet customer and partner expectations, strengthen business relationships, and unlock new supply chain opportunities.
➡️Climate change is probably the problem of the century, but every problem also offers opportunities when obstacles are transformed into innovation. By embracing sustainability as a business strategy, industries can contribute to a healthier planet, while unlocking unique opportunities for growth and success.
Ever heard about 24/7 carbon-free electricity?
You’ve more probably read about 100% renewable electricity.
So what’s the difference between these two apparently similar terms?
➡️ While the second one has become common practice in businesses approaching the energy transition, the first one is actually the next frontier in clean electricity use. The key difference lies in the intrinsic nature of most common renewable power production plants: their output is not constant and not schedulable.
⏳ Long story short, 24/7 carbon-free electricity means that the user is actually powered by green energy at any time, while 100% renewable electricity is only guaranteeing that the overall yearly amount of electricity used has been produced by some renewable power production plant, not necessarily at the same time of the power request.
🛠️ Businesses that want to excel in sustainable energy use are now setting their 24/7 CFE targets. Getting there won’t be an easy task to achieve, as it might involve energy procurement through PPAs, locating operations in areas with “cleaner” grids, shifting loads implementing demand flexibility and energy storages, looking for alternative ways to self-produce the energy needed.
🎯 🍃 Who’ll be the first ones to achieve such a goal?
Bluefoundation is now part of the Renewable Energy Community Ecosystem
⚡ Ready to take advantage of the opportunities of Renewable Energy Communities?
🍃💪 Savings and decarbonization can go hand in hand when the system is well designed. Bluefoundation will make its skills available to the newly created ecosystem and supply chain, with the aim of enabling the creation of Renewable Energy Communities (CER). In collaboration with Lombardy Energy Cleantech Cluster (LE2C)Read More
Co-innovation with BPER Banca to develop a Tool to foster the Energy Transition of SMEs
"For the first time this year, Bluefoundation, an innovative Italian SME, participates in the co-innovation phase of the sixth edition of OPEN ITALY, the collaborative innovation program of the ELIS Consortium which encourages the development of real projects between Italian Corporates and Startups.
Together with BPER Banca...
an important banking company, we have launched the "Target Net Zero" co-innovation project in the #sustainability perimeter.
Thanks to our consultancy services for the energy transition, with "Target Net Zero" we have experimented with a service to provide concrete and effective support to Italian SMEs so as to accompany them in the decarbonisation process, outlining an energy transition roadmap that takes into account the characteristics peculiar to individual realities.
Bluefoundation and BPER Banca share the vision of a greener future away from fossil fuels.
Measure, Reduce and Eventually Offset the unabatable Emissions. The way to avoid Greenwashing.
Emissions offsetting, often seen as the easy way out, has more risk than meets the eye.
We are talking about potential...
reputational risks, linked to the increasingly frequent phenomenon called #greenwashing. The article published in January 2023 by Italy for Climate talks about it on the basis of research conducted by The Guardian, Die Zeit and the non-profit SourceMaterial.
We want to summarize it here in points:
➡️ 94% of the carbon credits analyzed would not actually result in any benefit for the climate: in other words, by not guaranteeing any real absorption of CO2 from the atmosphere, it would not be able to offset any emissions;
➡️ the vast majority of credits have (theoretically, given the above) effect for their value in tons of CO2 only over tens of years, while the purchasing company emits emissions in a specific year. From the point of view of the climate, therefore, in the immediate future that company will actually have increased the amount of CO2 present in the atmosphere, a scenario that is hardly compatible with the urgency of halting the increase in greenhouse gases;
➡️ it is often difficult to distinguish between "avoidance" credits and "removal" credits, the former of which only prevent further CO2 from being emitted, but do not remove it from the atmosphere. Furthermore, there is often no guarantee that the CO2 emission would not have been avoided anyway, even without the project associated with the credit.
➡️ there have been reforestation projects, which can therefore be associated with "removal" credits, which, for example, have led to the deportation of entire indigenous communities.
❓ So what?
✔️ As the international standards GHG Protocol and Science Based Target Initiative now suggest, the approach that has a real and immediate impact on the environment is the one summarized in the image accompanying this post: measure, reduce your emissions, offset the remaining part which cannot be eliminated due to time and technology issues.