Suspension of solar tariffs, Tesla stock split and quantum computing for sustainable manufacturing
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Eearlier this week, the Biden administration announced a two-year pause on imposing new tariffs and duties on solar panels imported from China, a move it said would create a “bridge” to spur construction of stalled solar projects in the United States. United States. Reaction from the solar industry has been mixed. Domestic manufacturers have criticized the move, unhappy that the president is ushering in unwanted competition. Solar installation companies, meanwhile, welcomed the move.
John Berger, CEO of Sunnova, said Forbes that “a two-year moratorium is a big step in the right direction. The tariffs not only hurt the US economy and the consumer, they also stifle innovation and competition in the marketplace.
The big read
This collaboration will use quantum computing to make manufacturing more sustainable
German industrial manufacturer Covestro aims to develop software with QC Ware that would use quantum computing to create more efficient chemical reactions and better materials. Learn more here.
Discoveries and Innovations
Researchers from Northwestern University have developed a photosynthesis-inspired process that can provide a pathway to make basic chemicals using far less energy (and money).
The federal government is considering a proposal for a California coastal marine sanctuary that would be led by the Chumash tribe.
Stella McCartney, Balenciaga and Hermès launch handbags, shoes and coats in mycelium leather – an alternative to animal skins created from fungus roots.
monarch butterfly breeding populations have remained stable since 1993, according to a new study, disputing earlier concerns raised by scientists that the butterfly species could be threatened with extinction due to dwindling winter colonies affected by climate change.
Sustainability Deals of the Week
Engineering and Technology Company Bosch North America announced that it would invest $1.3 billion in hydrogen technology by 2025.
Singapore’s state corporation Temasek Holdings will invest $3.6 billion to establish GenZero, a wholly-owned investment platform that will invest in companies focused on nature conservation, carbon ecosystem development and other green technologies.
toy maker Mattel expanded its free toy recycling initiative to include Fisher Price Toys. The program, Mattel Playback, gives parents the opportunity to mail back old toys so they can be recycled.
Main infrastructure portfolios– controlled by billionaire Enrique Razon, Jr. – this week announced plans to build the world’s largest solar power plant in the Philippines, a project estimated at $3 billion.
on the horizon
Offshore wind power will likely account for a larger share of the future of Earth’s oceans. This in turn will create a race for ocean space.
What else we read this week
Floating solar power could help fight climate change – let’s do it right (Nature)
As Great Salt Lake Dries Up, Utah Faces ‘Environmental Nuclear Bomb’ (The New York Times)
Google Earth Engine takes a closer look at changing landscapes (Popular Science)
Green Transportation Update
On friday afternoon, Tesla said it plans to ask shareholders to approve a 3-for-1 stock split at its next annual meeting, which will be held on August 4. According to the company’s regulatory filings, its management believes another stock split (the last one was less than two years ago) “will help reset the market price.” The filing also revealed that Oracle founder Larry Ellison will step down from the company’s board and will not be replaced. Tesla shares rose 1.3% in after-hours trading when the split was announced, but share prices are still down 42% this year.
The great history of transport
Elon Musk has a lot to say about workers at Tesla, which continues to drag US automakers into safety breaches
Over the past three years, the billionaire entrepreneur’s electric vehicle company has received more OSHA citations and fines than 14 other auto companies combined, a Forbes investigation finds. Learn more here.
More green transport news
Biden administration plans to optimize EV charging network aimed at mimicking gas station experience
Tesla stock can still jump 50% on ‘superior’ growth in coming years, analysts say
Europe’s plan to ban new ICE cars by 2035 angers manufacturers and inspires environmentalists
Volta launches program to make electric vehicle charging more accessible and affordable
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