Peak News and Views

Seaports are a vital part of the shipping industry, and they are already feeling the effects of climate change. The concern over climate change must be transformed into action. Climate planning should be budgeted for all ports and should include adaptation and mitigation. Climate change is here. Time is of the essence.

Image credit: Agrivoltaics: How Solar and Farmland can Fight Climate Change (solarreviews.com) Produce electricity and grow crops Did you know that there is a way to produce electricity and grow crops at the same time? It’s called agrivoltaics, and it can help farmers reduce their energy costs while still producing food. Check out this blog…

The Turlock Irrigation District approved a pilot project testing the construction of solar panels over canals in the San Joaquin Valley. Key takeaways: The decision was based on research demonstrating that covering the 4,000 miles of California’s water canals with solar panels could reduce evaporation by as much as 82%, saving up to 63 billion…

Larry Fink’s 2022 Letter to CEOs: The Power of Capitalism “Every company and every industry will be transformed by the transition to a net zero world. The question is, will you lead, or will you be led?” Key takeaways: Employees everywhere are searching for more meaningful and flexible work. Additionally, the pandemic brought issues such…

Green corridors: A lane for zero-carbon shipping | McKinsey The shipping industry needs to scale up zero-emission fuels and vessels within the next decade to achieve decarbonization by 2050.   Key takeaways: Zero-emission fuels currently increase the total cost of ownership (TCO) of vessels by 40-60%, depending on the route. “Green corridors” could provide a supportive…

Exxon/Mobil admits that fossil fuels are risky Exxon warns investors of climate risk. When Exxon/Mobil admits that fossil fuels are risky, that’s saying A LOT. Our nation’s largest oil company’s board evaluated climate change as a significant business risk. This risk is on par with operational, strategic, and financial risks that are usually taken into…