Sustainability

By: Rohan Upadhyay Photo by American Public Power Association on Unsplash Dores Divest, alongside the Climate Defense Project, recently filed a legal complaint to Tennessee’s attorney general to compel Vanderbilt’s Board of Trust to divest from fossil fuels. Similar complaints came from students at Princeton, MIT, Stanford and Yale to their respective attorney generals.  The complaint argues that:  “Under the Tennessee Uniform Prudent Management of Institutional Funds Act, the Board of Trust has a fiduciary duty to invest with… charitable purposes…  [which] distinguishes non-profit institutions from other investors. It is problematic, then, that the Board… has invested… in the fossil fuel industry — raising a serious question of conflicts of interest… as wel...

By: Geneva Bass As firms and consumers brace against the Climate Crisis, the market for carbon offsets soars to new heights. Saturday, November 6th, 100,000 people flooded the streets of Glasgow, Scotland in climate protest as world leaders convened for COP26. Swedish teen climate activist Greta Thunberg denounced COP26 as “a failure” and “a two-week-long celebration of business as usual.”  "The eyes of all future generations are upon you,” Thunberg told world leaders two years ago at the UN Climate Summit on September 23, 2019. “And if you choose to fail us, I say - we will never forgive you." The same month, the Guardian reports that over 6 million people across over 4,500 locations and 150 countries participated in protests and strikes to bring awareness to climate change...

By: Ron Ye India and China, mainly reliant on coal for electricity, are suffering from a coal shortage. The price of natural gas in Europe is skyrocketing. Much of Lebanon is suffering from power outages. These pose some questions. Why are so many regions suffering from energy problems? Is there a global energy crisis? Why has the US seemingly not been affected by it? To answer these questions, we must analyze each of these regions.  India 70% of India’s electricity comes from coal. What is concerning about this fact is that India has nearly depleted its coal reserves. A cause is that India’s energy demands jumped after their COVID lockdown ended. Although India's domestic coal production has been rising in recent years, the annual monsoon disturbs the transportation and min...

By: Eric Wang The discussion about sustainability has become a hot issue in the society and company management field. However, though it attracts much appreciation and applause for the movement, critics have emerged from society's multilevel. A detailed analysis of them may help the movement innovate and redirect to head in the right direction. One of the most well-known to the sustainability concept would be the increasing trend of opposition to globalization. Critics suggest that sustainability is simply an elite game that only adapts to the developed countries' settings. Thus, it may not bring as many benefits as imagined worldwide since there are such huge discrepancies between each part. However, researchers have pointed out that more progressive policy making in environmental ...

By: Rohan Upadhyay President Biden plans to fight climate change and create jobs via infrastructure spending. However, to make America green, the economy must go green: corporations and banks must move towards renewables. Some institutions are considering sustainability. Global banks invested $1.9 trillion in renewables during 2016-2018 after the Paris Accords. 5 American banks also pledged to end Arctic drilling investment. Yet, this transition isn't complete. 33 global banks invested $1.9 trillion in fossil-fuels between 2016-2019. US banks invested double in fossil-fuels over renewables during 2016-2018. Furthermore, the UN initiative to encourage renewable investment - Principles of Responsible Investing - did little to change investors’ portfolios.  Though institutio...

By: Jaime Svinth Consumerism-- we all do it, we all make a living off of it, and, quite frankly, our economy runs because of it. But, it’s 2020, and it’s time to get smart with our consumerism. When it comes to supporting the good of our world- both its people and the environment- we all can contribute, one dollar at a time.  However, it’s easy to feel overwhelmed with knowing where to begin making sustainable choices. For some of us, we have already shifted towards supporting more ethical brands and ditching plastic straws, but, for others, it can be difficult to know where to start. Here are a few easy tips to help you become the smartest consumer you can be: Start Small With so many options and a culture that asks so much of us, a lot of pressure to consume ethically c...

By: Trevor Jones When you read the headline of this article, what came to mind? Giant Simpsons-esque cooling towers looming over an indistinct grey building? People’s homes and lives crumbling away because of the Chernobyl disaster? Overly complex diagrams of atoms and blueprints of a maze of machinery? For as long as it has existed, nuclear energy has been cloaked in mystery and fear, becoming a polarizing political issue worldwide. The argument against nuclear energy is more than valid: the looming risk of an accident and nuclear waste’s impact on the environment are the two most common reasons to oppose this source of energy. The benefits are significant, too, as nuclear energy provides a stable, consistent, relatively safe, and long-term cost-effective solution to energy without...

By: Rohan Upadhyay How to leverage the economy to fight climate change How do we beat climate change in a cost-efficient way? Addressing climate change is ethically correct. But people are concerned that jobs could be lost and the debt could grow from throwing lots of resources at the problem. What’s the answer? Liberals support the Green New Deal — a bold proposal to fight climate change and rebuild US infrastructure (among other things) with $16.3 trillion of government investment over about 10 to 15-years. The proposal means well and has some points about how it will pay for itself. But the plan is costly and is not too specific about how it will raise money. The Green New Deal over-relies on government spending. This could cause the debt to skyrocket. Also, once governm...

Blackstone has recently made a commitment to cut emissions by 15% on investments within the first 3 years of its purchase. For those who are not familiar with Blackstone, it is an investment firm and is one of the largest owners of real estate anywhere on the planet. Blackstone plans to hold itself accountable, by closely charting its process going forward. While this is a big step for a big firm to take, it's certainly been a trend in the investment industry. Organizations such as UBS, Credit Suisse, and Morgan Stanley all have made their own large commitments to having their investment portfolios be environmentally friendly. At first glance, this initiative seems to be great. Blackstone and other investment companies are stepping up to the task of helping with progressive matters. En...