New York City announced first-in-the-nation goal to divest from fossil fuels. Mayor Bill de Blasio, Comptroller Scott M. Stringer and other trustees of the City’s $189 Billion pension funds announced a goal to divest City funds from fossil fuel reserve owners within five years, which would make New York City the first major US pension plan to do so. In a first-in-the-nation step towards the goal of divestment, the Mayor and Comptroller will submit a joint resolution to pension fund trustees to begin analyzing ways to divest from fossil fuel owners in a responsible way that is fully consistent with fiduciary obligations. In total, the City’s five pension funds hold roughly $5 billion in the securities of over 190 fossil fuel companies. The City’s move is among the most significant divestment efforts in the world to date.
In this early 2018 it seems the main problem for Italians is the price of biodegradable bags for fruit and vegetables. Many Italians complain about the cents to buy the biodegradable bags but say nothing about toxic clouds that devastate the territory from North to South. What are we talking about for the benefit of our non-Italian readers?
“Our goal is to reduce carbon and to do this we must adopt new approaches by using alternative feedstocks, including existing wastes and residues instead of fossil. Today we have an abundance of carbon in all the wrong places. We can turn it from a liability to an opportunity by using it again and again”. Jennifer Holmgren, CEO of LanzaTech, on of the most dynamic and growing bioeconomy companies at world level, talks to Il Bioeconomista, in an interview released after the Bioeconomy Investment Summit, which was held on December 14 in Helsinki.
Interview by Mario Bonaccorso
Italian oil giant Eni signed an agreement with Utilitalia (the federation of public owned energy, water and environmental companies) and CONOE (the Italian consortium for the collection and treatment of oil and used vegetable and animal and fat) to boost the collection of used vegetable oil produced in the homes of Eni’s employees. The collection will be made from Eni sites across the country, including operational headquarters and production plants.
The Irish bioeconomy takes a step forward: NUI (National University of Ireland) Galway and Gas Networks Ireland are leading a new transport revolution as they introduce compressed natural gas (CNG) and renewable gas for trucks, vans and buses. The project, named ‘Causeway’, marks a first for NUI Galway, as this is the first time that the University has been successful in securing a funding application from the European Union’s Connecting Europe Facility. The Causeway project received approval for €6.5 million co-funding from the European Commission.
Clariant, a Swiss leader in specialty chemicals, and French industrial biotech company Global Bioenergies last Tuesday announced the development of a new bio-based polymer for cosmetic creams and lotions, which is derived from renewable isobutene.
“We need an ambitious and long-term bioeconomy policy framework to enable the creation of a Bioeconomy Single Market. The framework needs to ensure predictability to investors and companies, enhance risk-taking capacity and define priority pathways to move towards a low carbon economy, where a circular bioeconomy becomes a growth engine”. Marc Palahí, director of the European Forest Institute, talks to Il Bioeconomista. In this long and exclusive interview, released after the Second edition of the European Bioeconomy Summit, he talks about the next steps which are needed to place the bioeconomy at the core of the EU industrial, climate and sustainability agenda.
Interview by Mario Bonaccorso
thank you very much, again. 2017 was another very positive year for Il Bioeconomista: 12% more visits to our blog.
Il Bioeconomista confirms itself as one of the world’s leading blog on bieconomy. Our readers are mainly Europeans, but a growing number of readers are from Turkey, the United States, Canada, Brazil, India, Australia, Japan and Malaysia.
The year that has just ended was very important for the global bioeconomy. And we are sure that the best has yet to come. 2018 will be another relevant year for the implementation of the bioeconomy, waiting for the pre-announced new strategy on bioeconomy in the European Union. We will be again on your side to tell the facts and continue growing.
Happy new year!
There is a new partnership in the Italian bioeconomy. Bio-on, a leading player in the new eco-sustainable chemical industry, signed a strategic agreement with Kartell, through its parent company Felofin which takes a 2% stake in Bio-on with a 10 million euro investment.
Neste’s growth program for renewable products takes a step forward. The Board of Directors of the Finnish company has decided that Neste’s additional production capacity for renewable diesel, renewable aviation fuel and raw materials for various biochemical uses will be located in Singapore. The decision initiates technical design of the new production line, with the aim of a final investment decision by the end of 2018. If the project proceeds as planned, production at the new production line will begin by 2022.