Callouts to bio-textiles, vegans, fossil fashion and financing are part of the latest U.N. climate report.
raised across 187 investors and 95 companies, which is double the amount raised in 2020, at $426 million. The organization estimates the global wholesale market for next-gen materials will be roughly $2.2 billion by 2026.Commenting on the report, Renat Heuberger, chief executive officer atstrategy firm South Pole, said: “Companies need to get much better at pricing externalities — in this case, putting a more meaningful price on carbon, and doing it fast.
For clamping down on carbon, forest-capture sequestration methods like tree planting are necessary . That, however, won’t be cheap as net costs are estimated to reach $400 billion by 2050 to sequester 5 to 6 gigatons of CO2 per year, which is just a dent in annual emissions. . Outside of the usual culprits, like sustainable development, greener transportation and buildings, and walkable cities, the report looked at a host of positive societal changes, among them increased recycling and more remote work as hopes for reduced footprints.
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