OPINION: We need to focus on upgrading the electric grid, decarbonizing transportation and reducing single-use plastics to ward off a climate disaster, Debbie Carlson writes.
If there was one bit of optimism in the Intergovernmental Panel on Climate Change’s sixth assessment report, it’s that humans can still mitigate some of the worst effects of climate if we act now.
There are a swath of sectors to consider to invest in a climate-change mitigation theme, from well-known companies to under-the-radar ideas. Shutting coal plants will pay immediate dividends, Pavel says, and Europe is phasing out coal. These assets aren’t being mothballed, but owners are retooling them to burn wood pellets to produce electricity. Enviva Partners EVA, +1.44% is a major supplier of sustainable wood pellets to those plants. While it’s not completely carbon-free, emissions are significantly less than coal, and it’s a renewable product because it comes from sustainable forestry, he adds.
Reducing single-use plastics. Crude oil is also used to make new plastic. Research by the Center for International Environmental Law show plastic lifecycle emissions could reach 1.34 gigatons per year — equivalent to the emissions released by more than 295 new 500-megawatt coal-fired power plants by 2030. That makes reducing new plastic generation critical. Primo Water PRMW, -0.
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