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  • #22. ๐Ÿ’ฐ Rich countries to pay for climate damages | ๐ŸŒŠ Eco Wave Power's wave powers | ๐ŸšŒ BYD's "Achiever" EV school bus

#22. ๐Ÿ’ฐ Rich countries to pay for climate damages | ๐ŸŒŠ Eco Wave Power's wave powers | ๐ŸšŒ BYD's "Achiever" EV school bus

Also: 5 key takeaways from COP27 | Climate change and lightning strikes | Investing in renewables | US to fund $20M in Mekong region clean energy | Fiat 500e returns | BrightDrop EV delivery trucks

๐ŸŒก CLIMATE CHANGE

Included are the agreement to fund climate-caused loss and damage; the failure to phase down fossil fuels; a lack of consensus on preventing 1.5ยฐC; the presence of fossil fuel representatives; and the importance of a functioning democracy for fighting climate change.

This is a summary of an academic journal summarizing a new paper on the impact on lighting strikes caused by climate change. The geographic focus of the region is Europe, with findings that suggest an increase in lightning strikes in the mountains and across Northern Europe, and a decrease in strikes over central Europe and lower-lying altitudes.

The agreement is a welcome one, after three decades of failed attempts, but without any legal liability to hold countries accountable, and another year to determine exactly which countries will pay how much, and practically, to what funds, a lot remains up in the air.

๐Ÿ”‹ CLEAN ENERGY

This is a great summary of the myriad investment options in clean energy โ€” solar, geothermal, hydroelectric, and wind โ€” spanning stocks to mutual funds to ETFs (exchange-traded funds).

The clean energy projects will be funded by the Japan-US-Mekong Power Partnership (JUMPP).

Eco Wave Power, an Israeli startup with offices in Sweden, attaches floating devices to water-based structures like piers and breakwaters to harness wave energy and produce electricity. The oscillating motion produces pressurized fluid that turns a hydraulic motor that activates a generator that then produces electricity through an inverter.

๐Ÿ‘‡ CONTINUES BELOW, BUT FIRST, I NEED YOUR HELP PLEASE:

๐Ÿ‘‹ Hi! Thanks for being one of my first subscribers. If you like what Iโ€™m doing with Future Perfect, would you be willing to ask six of your friends and colleagues to subscribe too? I need sponsors to support this newsletter, and for that, Iโ€™ll need (a lot) more subscribers. Thanks so much! ๐Ÿ™

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๐Ÿš— AUTONOMOUS & ELECTRIC VEHICLES

Fiat is bringing back the EV version of its plucky little Fiat 500, the 500e, for the 2024 model year, but Fiat warns it will be expensive and low-volume.

Chinese EV manufacturer BYD has just launched its Achiever EV school bus. It includes V2G technology that enables the bus to provide clean energy back to the grid when not in use. It also uses BYDโ€™s proprietary and safest battery technology with 60% lower maintenance and energy costs. Meanwhile, BYD just delivered its third EV school bus to San Franciscoโ€™s Muni Transit Association (SFMTA).

Electric delivery vehicle startup Brightdrop just announced itโ€™s already achieved $1 billion in revenue after just three years. Google, in contrast, took five years; Tesla took nine. They are currently on track to hit $10 billion in revenue by 2030 with 20% profit margins.

๐ŸŽ‰ THATโ€™S ALL FOR TODAY!

Thank you so much for reading, see you tomorrow!-Marc

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