SoC Good Reads
Livestock companies are still receiving billion dollars of financial support from investment firms, banks, and pension funds, despite being responsible for ammonia and methane emissions. It’s a hot topic in the Netherlands, Europe’s largest meat exporter. However, some small groups are taking action. In Berlin, for example, most meals at universities will be meat-free.
Consulting firm McKinsey & Company published their annual report on the automotive industry. According to the authors, the tipping point in passenger EV adoption occurred in the second half of 2020, when EV sales and penetration accelerated in major markets despite the economic crisis caused by the COVID-19 pandemic. Furthermore, the report states that the transport sector is on the right track towards decarbonizing.
In less than 4 years, Norway will phase out all the new ICE vehicles, and it will be the first country in the world to do so. However, Motor, Norwegian Automobile Federation’s magazine, forecasts that the complete switch could occur as soon as April 2022. Even though that may be too optimistic, Norwegian consumers may move faster than regulators expect.