![]() Ives believes the damage to Twitter's value has only just begun. With the employee turnover, it's going to be viewed as damaged goods from another potential buyer." "The company has been in pure chaos - people have left in droves, and now competitors are going to seize on the ad dollars. Scientists have concluded that avoiding meat and dairy products is the single biggest way to reduce your environmental impact on the planet and that large cuts in meat consumption in rich nations are essential to ending the climate crisis.Įlon Musk no longer wants to buy Twitter, which now will " pursue legal action" simply to "enforce" their planned merger agreement, according to the company's chairman.īut however that plays out, Twitter is now in a worst-case scenario, one Wall Street analyst argues to NBC News:ĭan Ives, a managing director and senior equity research analyst covering the technology sector at Wedbush Securities, said Twitter's stock price stands to suffer significant damage. "If you really care about impact as an investor, this is an area that you definitely need to understand." "There's been a lot of investments into electric vehicles, wind turbines and solar panels, which is all great and helpful to reduce emissions, but we have not seen comparable investment yet, even though it's rising rapidly," he said. But BCG said meat alternatives could grow much faster with technological progress resulting in better products, scaled-up production and regulatory changes making marketing and sales easier. This would reduce emissions by an amount almost equivalent to global aviation's output. ![]() ![]() Alternatives make up 2% of meat, egg and dairy products sold, but will rise to 11% in 2035 on current growth trends, the report said. Investment in alternative proteins, also including fermented products and cell-based meat, has jumped from $1bn (£830m) in 2019 to $5bn in 2021, BCG said. Beef, for example, results in six-to-30 times more emissions than tofu. Investments in the plant-based alternatives to meat delivered this high impact on emissions because of the big difference between the greenhouse gases emitted when producing conventional meat and dairy products, and when growing plants. "We call it the untapped climate opportunity - you're getting more impact from your investment in alternative proteins than in any other sector of the economy." "Widespread adoption of alternative proteins can play a critical role in tackling climate change," Malte Clausen, a partner at BCG told the UK-based newspaper. The improved investment in the production of meat and dairy alternatives resulted in three times more greenhouse gas reductions compared with investment in green cement technology, seven times more than green buildings and 11 times more than zero-emission cars, The Guardian reported citing the report. An anonymous reader shares this article from WION:Ī report from the Boston Consulting Group (BCG) has revealed that investments in plant-based meat alternatives lead to far greater cuts in climate-heating emissions than other green investments.
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