Patch’s Post

👀 Curious about CDR projects hand-vetted by the U.S. Department of Energy? Join Patch + U.S. Department of Energy (DOE) + Bain & Company + Charm Industrial on June 27th for an all-star panel on innovative carbon removal technology. Here's what you'll learn: 🇺🇲 Details on the U.S. government’s position on engaging with high-integrity voluntary carbon markets 🏆 About the U.S. Department of Energy CDR Purchase Prize and semifinalist projects that have already been selected 🔎 How buyers can leverage the due-diligence process the U.S. government has undergone to apply to their own sourcing of innovative technologies Link below to save your spot! 👇 #VoluntaryCarbonMarket #Sustainability #CDR #DoE #CarbonRemovalTechnology

Come learn how to start cleaning up emissions that cannot be reduced!

The U.S. Administration recently put out a massive signal on the importances of voluntary carbon markets. Now, how can companies leverage this momentum for their own carbon credit strategies? Join Patch + U.S. Department of Energy (DOE) + Bain & Company + Charm Industrial on June 27th to dig into the details. ⬇️ ⬇️ ⬇️

Patch continues to lead conversations and perspective with global leaders in the VCM. Register for our must-attend webinar for CSO and ESG leaders. June 27th, we host Noah Deich from the U.S. Department of Energy (DOE), Sam Israelit Chief Sustainability Officer at Bain & Company and Peter Reinhardt, CEO at Charm Industrial, speaking with Lucy Hargreaves, Corporate Affairs and Climate Policy at Patch. In this webinar you'll learn: 📃 Details on the U.S. government’s position on engaging with high-integrity voluntary carbon markets 🥇 About the U.S. Department of Energy CDR Purchase Prize and semifinalist projects that have already been selected  🔍 How buyers can leverage the due-diligence process the U.S. government has undergone to apply to their own sourcing of innovative technologies Register to view live on June 27th, or watch on-demand after the event https://lnkd.in/g6kB3sbk #ESG #Climateaction #CarbonCredits #VCM #voluntarycarbonmarket 

SUPER cool webinar coming up with Noah Deich from the department of energy. They're running a pilot prize for carbon dioxide removal in the USA, and the semifinalists have been announced. There are some VERY cool technologies in this list. For example: ever wonder what happens to the stalks and husks of corn after they harvest the actual cobs? Or the waste and residue from any other type of crop? It can be burned, left to decompose, sometimes used — but in the end a huge amount of greenhouse gasses (a lot of CO₂ but also methane) wind up in the atmosphere. Charm Industrial collects a huge amount of this stuff and has a technology to process it into bio-oil, and pump it underground where it basically lives until the end of the earth. There's also companies crushing up rocks that passively absorb CO₂ from the atmosphere as a hyper-efficient method of carbon capture. And there's the direct air capture methods you've probably heard about. Exciting stuff! You'll learn about it all in this webinar!

📖 𝗛𝗶𝗴𝗵𝗹𝘆 𝗿𝗲𝗰𝗼𝗺𝗺𝗲𝗻𝗱𝗲𝗱 𝗮𝗿𝘁𝗶𝗰𝗹𝗲 𝗼𝗻 𝗹𝗲𝗮𝗱𝗲𝗿𝘀𝗵𝗶𝗽 𝗶𝗻 𝗘𝗨 𝗽𝗼𝗹𝗶𝗰𝘆-𝗺𝗮𝗸𝗶𝗻𝗴! 🔖 📘"𝙇𝙚𝙖𝙙𝙚𝙧𝙨𝙝𝙞𝙥 𝙞𝙣 𝙀𝙐 𝙥𝙤𝙡𝙞𝙘𝙮-𝙢𝙖𝙠𝙞𝙣𝙜: 𝙖 𝙙𝙚𝙚𝙥 𝙙𝙞𝙫𝙚 𝙞𝙣𝙩𝙤 𝙩𝙝𝙚 𝙚𝙭𝙩𝙚𝙣𝙨𝙞𝙤𝙣 𝙤𝙛 𝙩𝙝𝙚 𝙀𝙐 𝙚𝙢𝙞𝙨𝙨𝙞𝙤𝙣𝙨 𝙩𝙧𝙖𝙙𝙞𝙣𝙜 𝙨𝙮𝙨𝙩𝙚𝙢" by Emma Leenders, Duncan Liefferink, and Sandrino Smeets, published in the Journal of European Public Policy. 🔍 This insightful paper employs the case of the EU Emissions Trading System for buildings, road transport, and additional sectors (ETS-2) to examine how different actors exercise leadership in a challenging negotiation process. 💡The authors introduce an analytical tool for discerning a type of leadership. It is based on three key features: ✅𝗜𝗻𝘁𝗲𝗻𝘁𝗶𝗼𝗻𝘀 of the actors involved ✅𝗘𝗳𝗳𝗲𝗰𝘁𝘀 of their actions on the policy process ✅𝗣𝗲𝗿𝗰𝗲𝗽𝘁𝗶𝗼𝗻𝘀 of leadership by other actors 💡The authors then illustrate four types of leadership in action using the ETS-2 negotiations as a case study: 1️⃣ 𝗖𝗼𝗴𝗻𝗶𝘁𝗶𝘃𝗲 𝗟𝗲𝗮𝗱𝗲𝗿𝘀𝗵𝗶𝗽: Denmark was an early proponent of expanding the ETS influencing the policy debate even though its initial efforts were not immediately successful 2️⃣ 𝗘𝘅𝗲𝗺𝗽𝗹𝗮𝗿𝘆 𝗟𝗲𝗮𝗱𝗲𝗿𝘀𝗵𝗶𝗽: Germany introduced a national ETS extension before promoting the EU-level policy, thus showing its viability and leading by example. 3️⃣ 𝗦𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗮𝗹 𝗟𝗲𝗮𝗱𝗲𝗿𝘀𝗵𝗶𝗽: Germany exerted significant influence in advocating for the ETS-2 by using its size and economic power. 4️⃣ 𝗘𝗻𝘁𝗿𝗲𝗽𝗿𝗲𝗻𝗲𝘂𝗿𝗶𝗮𝗹 𝗟𝗲𝗮𝗱𝗲𝗿𝘀𝗵𝗶𝗽: The European Commission linked the ETS-2 to the Social Climate Fund (SCF) to mitigate concerns about potential adverse effects and framed the ETS-2 within the Fit-for-55 package. The Council Presidencies maintained this approach during negotiations. 🌐The study also demonstrates a dynamic interaction of leadership, where actors build upon each other's efforts in a process the authors call "𝘀𝗲𝗾𝘂𝗲𝗻𝘁𝗶𝗮𝗹 𝗹𝗲𝗮𝗱𝗲𝗿𝘀𝗵𝗶𝗽". This underscores the nature of the leadership in the EU, which is interlaced and based on collaboration and responsiveness to others' actions. 🤔In future research, I would be interested in seeing a combination of this leadership conceptualization with the Multiple Streams Framework (MSF). This could provide a more nuanced understanding of how different types of leadership influence policy change within the MSF's framework of problems, policies, and politics.

Solving the Scope 3 conundrum: in this new paper, our sustainable investment researchers explore Scope 3 investment issues, including how to enhance data quality, reliability, and accessibility. Read now: https://lseg.group/496os9R #SustainableInvestment #SustainableGrowth

Very proud to announce our new publication in Economics Letters! In a context where shareholders increasingly scrutinise how companies manage their climate-related financial risks, my co-author Nader Virk and I explored whether co-opted boards affect corporate carbon performance, especially in industries where climate change is a financially material issue. Our results show that co-opted boards decrease GHG intensity in financially material industries with no effect in non-financially material industries. Moreover, for firms in financially material industries, this relationship is time-variant and positive when we interact GHG intensity with R&D investments, suggesting inefficient R&D allocation in the presence of co-opted boards. Our findings provide a more nuanced understanding of the effect of co-opted boards on environmental sustainability. This study has important implications for academics studying co-opted boards, for practitioners searching for ways to reduce their carbon footprint, and for policymakers willing to regulate a controversial governance initiative that has significant impacts on the environment. This article is in open access and can be found here: https://lnkd.in/e5Wi4-Sx A big thanks to the Editor of Economics Letters, the reviewers for their insightful comments, and the F&E department for their continuous support. #cooptedboards #carbonperformance #materiality #corporategovernance #sustainability #sustainablecorporategovernance #ESG Nader Virk Anna Egan Basil Al-Najjar Manchester Metropolitan University Business School EconomicsLetters

📊 New Publication! I am happy to share my new publication (joint work with Salvatore Perdichizzi; Antonella Francesca Cicchiello; Lorenzo Dal Maso) at Energy Economics.   Our research reveals a significant negative correlation between corporate carbon emissions and market valuation. Notably, we find that the influence is driven primarily by Scope 1 emissions, distinguishing it from Scopes 2 and 3.   📉 Furthermore, our findings shed light on an intriguing nuance: for high-polluting firms, earnings exhibit diminished relevance in determining market valuation. 📊 Crucially, our study emphasizes the role of both formal and informal country-level institutions in shaping these dynamics.   #Accounting #ValueRelevance #Earnings #Sustainability #CorporateResponsibility

We have an important result that Co-opted directors and GHG intensity relationship turns positive from negative when interacted with R&D. This result has crucial implications from investigation of Greenwashing to increased agency costs. More work and deeper and tighter analysis needed to better understand Green transition and human capital constraints when benchmark relationship is found time varying. In sum, more questions and more research :) Etienne Develay