Sustainable Industries Daily Update
- On Saturday, thousands of cities and more than one billion people participated in Earth Hour by turning off their lights from 8:30 p.m. to 9:30 p.m. as part of a world-wide demonstration to fight climate change. A number of businesses also joined in, including Sears (NASDAQ:SHLD), which estimated it saved 80,000 kilowatt hours of energy.
- Venture capitalists and farmers convened in Palo Alto, Calif. last week to discuss the future of sustainable agriculture at the Agriculture 2.0 conference.
- The validity of the Energy Star program is under scrutiny. The U.S. Government Accountability Office issued a report showing the results of a nine-month study for which undercover auditors submitted bogus products to be certified by the Energy Star program....and succeeded in earning the label.
- A recently released California Air Resources Board (CARB) study finds that the state’s climate change legislation--AB 32--will have a positive impact on the economy. CARB estimates that 10,000 new jobs will be created by 2020 as a result of this law, which aims to reduce greenhouse gas emissions to 1990 levels in ten years.
- Oh Se-hoon, mayor of Seoul, South Korea, is banking his re-election campaign on environmental improvements and policies he has implemented for the city, including cutting greenhouse gas emissions by 20 percent and creating a fleet of hybrid taxis.
- Citizens of Beijing, China are grumbling about the stink that wafts from their ever-growing landfills. The city’s solution? Giant, pressurized deodorant guns which will release liters of fragrance per minute to help cover up the smell.
- Ford Motor Company (NASDAQ:FORD) is implementing a new policy called PC Power Management, which aims to shut down employees’ computers when they are not in use. The company estimates the reduced energy use will save $1.2 million a year.