Proof of stake-holder capitalism (think about it...)
Rounding up this week’s climate news so you don’t have to.
Tantalising tech: leading crypto currency Ethereum reduced its energy demand by 99.9%, marking a major environmental moment for crypto. Until now crypto has been notoriously energy intensive leading to justified criticism from environmentalists. Maybe we’ll be buying our tofu with ETH soon...
Creative companies: judging by our LinkedIn feeds, it looks like most people have seen that Patagonia’s founder has given away his company to a charitable trust, with all future profits (approx. $100m a year) going towards tackling climate change. If you’re looking for a genuinely interesting read on what they’ve done that goes beyond the headlines, check this out. Also a decent profile on their “existential dirtbag” founder here.
Pod recommendation: one for the wonks, but Bloomberg Green’s new podcast ‘Zero’ launched this week. First up, environmental campaigner Bryony Worthington on the UK’s Net Zero target.