Weekly Roundup #9
On #methane leaks #coal mines #ENSO #CO2 energy storage #COP26
What are El Niño y La Niña? Are they also affecting our local climate?. Energy Dome, the Italian startup is finaly building their test plant to use CO2 as a energy storage. Investor Dan Loeb calls for separate Shell tradicional and renewable businesses in different standalone companies. The controversial and probably most important decision making conference on climate change COP26 has started. Sattelite imaging of methane leaks from coal mines.
CHART OF THE WEEK - How does ENSO affect global average temperature? 🌧🌤🌡
El Niño and La Niña are opposite phases of a natural climate pattern across the tropical Pacific Ocean that swings back and forth every 3-7 years on average. Together, they are called ENSO (pronounced “en-so”), which is short for El Niño-Southern Oscillation.
Within any given decade, the warmest years are usually El Niño ones, and the coldest are usually La Niña ones. That’s because the Pacific Ocean is a big place. This vast size means that warming or cooling in the Pacific due to El Niño and La Niña can leave an imprint on the global average surface temperature.
All of this amounts to a shuffling of heat from one place (ocean) to another (the atmosphere) without affecting the Earth's overall energy budget. Although the phases of ENSO are not creating or removing energy from the climate system, there has been a clear increase in the average surface temperature since the 1950s. Wondering where this upward trend in temperature is coming from? You can learn more about it with Terra.do
🔋☁ Energy Dome - Demo commercial plant in construction in Sardinia
Energy Dome developed a proprietary breakthrough utility scale long duration energy storage technology which is based on a closed loop thermodynamic process that efficiently stores energy by manipulating CO2 under different stage conditions.
🏤🐚 Is this another big shake like the one with Engine N°1 and ExxonMobil? Activist Investor Loeb Takes Shell Stake, Pushes to Break Up Company
Activist investor Dan Loeb has built a position in Royal Dutch Shell Plc and is pushing for a breakup of the energy giant as it embraces renewable energy while continuing to pump oil and gas.
Loeb’s Third Point LLC has taken a $750 million stake, according to a person familiar with the matter, equivalent to about 0.4% of the company. The firm said in a letter to investors Wednesday that Shell would benefit from breaking off its liquefied natural gas, renewables and marketing businesses into a standalone company. That would separate it from Shell’s legacy energy business, which would include the upstream, refining and chemicals operations.
📣💣✒ COP26 has begun
The 26th UN Climate Change Conference of the Parties (COP26) started in Glasgow on 31 October and will continue up to 12 November 2021. Delayed by a year because of the COVID-19 pandemic, COP26 aims to revisit the target set to avoid global warming above 1.5C above pre-industrial level.
MAP OF THE WEEK - Methane leaks from coal mines are big enough to be observed from space 🔭🌫
Technological development in satellite imaging is increasing the potential of methane reduction and facilitating the detection of related leaks. This is key to develop policies and measures to decide which coal plants can carry on operations and which can be retired.
According to the Curtailing Methane Emissions from Fossil Fuel Operations report from the International Energy Agency, this will help to lower methane leaks from coal operations by around 45% by 2030
If you want to send us an idea or a tip, a #ClimateTech company that we should have a look at, or if you have any questions, please reach us at: davidcongeof@gmail.com or arraiz.p.daniel@gmail.com.
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