For Friday ?12 June 2020 provided by Ecoprofit.com.au (#letsfindsolutions)

News for green investors and organisations, stock watch & grant opportunities

When the World Temperature Rises by Two Degrees

In our last issue we discussed the world?s carbon budget is approximately 770Gt to 2050 in order to limit warming to 2?C. That is a little over 25GtCO2-e per annum.

Last year the total global greenhouse gas emissions were over 36GtCO2-e and climbing. The growth of global emissions in 2019 was almost entirely due to China, which increased its CO2 output by 0.26GtCO2. The rest of the world actually reduced its emissions by -0.02GtCO2, thanks to falling coal use in the US and Europe, as well as much more modest increases in India and the rest of the world, compared to previous years. On current policies, we can expect a 3.7?C rise by 2100, not including possible tipping point implications.

When the world temperature rises by two degrees, don?t think life will be easy. Predictions include:

  1. Mountain glaciers and rivers will start to disappear and mountainous regions will see more landslides as the permafrost that held them together melts away.
  2. By 2100, sea levels could rise by a metre, displacing 10% of the world’s population. Countries such as the Maldives will be submerged and the Indian subcontinent will be left fighting for survival.
  3. People will also die in greater numbers as they struggle with the increasing heat.
  4. The ecosystem will collapse and a third of all life on earth will face extinction. Plant growth will slow. Plants that don’t absorb carbon dioxide very well will begin to emit it – making global warming worse.
  5. The world’s food centres will become barren and within 85 years, one third of the planet will be without fresh water.
  6. Up to 40% of the Amazon rainforest will be destroyed and warmer soil will kill vegetation and release more carbon (if its not cut down anyway).
  7. Hurricanes will be stronger and cities in Asia, Australia and the south-east of the US will face destruction.
  8. Saltwater will creep upstream, poisoning the groundwater and ruining the food supply.

Come on governments, come on corporations & organisations, come on individuals – let?s face reality and get to work on achieving net zero emissions much sooner than later. We have the knowhow and mitigation measures to avoid environmental and economic calamity. Further, we have the opportunity to grow economies intelligently and safely.

Grants/Subsidies/Funding ? Extension of asset writeoff

The government is set to announce legislation to extend the life of a measure that allows small businesses to instantly write off the value of assets worth up to $150,000 per item.

The government estimates that as many as 3.5m businesses have annual turnover of less than $500m and are therefore eligible to benefit from the extension of the instant asset write-off ? although it is unclear how many will actually take advantage of it.

Assets need to be first used or installed ready for use by 31 December ? extending the 30 June cut-off that was part of one of the first major stimulus packages announced in March. Examples of eligible assets include trucks and tractors.

Eco-tip for the day ? Led downlights

The well-used halogen downlight typically draws 40 watts including the lamp and driver. Therefore, if you have 4 halogen downlights on in your kitchen 10 hours per day, they will use 2kWh. The LED equivalent will use 0.2kWh, saving 50 cents per day. Annualised that is a saving of $130 per annum and carbon emissions reduction of 1.4tCO2-e.

LED downlights last 15,000 hours whereas a halogens last 1,000 hours. The LED lamps have variable settings for colour from yellow to bright white too and have a much higher colour rendering index (i.e. a better-quality light).

Share watch ? Vulcan Energy Resources (VUL:ASX)?

Vulcan Energy Resources Ltd (?Vulcan?, ?the Company?) is an Australian mineral exploration company focused on exploring and developing battery metals projects in Europe. The Company?s primary asset is the Vulcan Lithium Brine Project in the Upper Rhine Valley of Germany. The project has a total indicated and inferred mineral resource of 13.95 Mt of contained lithium carbonate equivalent, at a lithium brine grade of 181 mg/l Li, making it Europe?s largest JORC-compliant lithium resource.

The company?s vision is to produce the world?s first, premium Zero Carbon Lithium hydroxide product by 2023. Vulcan is dual listed on the Frankfurt Stock Exchange, trading under the code ?6KO?.

Corporate summary: shares on issue 53.67m, options 12.69m. Market cap. $19.3m, cash on hand $2.5m, issued capital $4.75m

Vulcan has signed a Memorandum of Understanding with a German geothermal operator to fast-track production from existing infrastructure. As the company advances the project, securing off-take & financing agreements are major catalysts.

Hurdles: Vulcan is at an early stage of its resource development and considerable further technical investigations are required to de-risk the project. Procuring finance remains a key aspect for the implementation of the zero-carbon project in the Upper Rhine Valley and there is no guarantee that funds can be procured at favourable terms.

Vulcan appears well positioned to play an integral role in the European Union?s plan to establishing a consistent European supply chain of lithium hydroxide. Management has a strong track record of value creation and deep experience of developing geothermal brine projects, thus appears well equipped to advance a project of such magnitude. With a vision to deliver a project with a CO2 footprint of zero, Vulcan targets production of lithium hydroxide by 2023, preceded by a number of high impact value drivers and key milestones.

The graph shows the two-year share price history.

Financial indicators

The VIX fear gauge has jumped up by 14.74 points since Tuesday EST to 40.79.

The Dow Jones Industrial Average down since last Tuesday EST by 2,444.27 points or 8.86% to 25,128.17, the STOXX 600 down 20.47 points or 5.48% to 353.07 and the Shanghai Composite index down 58.52 points or 1.98% to 2,897.59.

Gold up to 1,732.80. US 10-year Treasury Bonds down to 0.684 and oil down to 35.73. Cryptos Bitcoin down 352.59 points since Friday or 3.64% to 9,335.16.

ASX 200 down 297.10 points or 4.83% since Tuesday to 5.847.80. The Aussie dollar down to 68.30 US cents.

Eco Market Spot Prices

LGC $35.50

STC $39.50

ESC $26.00

VEEC $29.90

Sources:?RenewEconomy, demandmanager,? Reuters, SMH, Market Watch, Forbes