Environment

The standard measure of economic performance, the gross domestic product (GDP), measures the value of goods and services produced within a country over a given period. However, the GDP doesn’t measure social factors like income inequality, domestic violence, drug addiction, or the impact of today’s actions on future generations. It also ignores sustainability and environmental destruction. It’s a very short-term view of market factors without respect to what’s happening on the social and environmental levels. As a result, the GDP gave us no warning of the impending global financial crisis in 2008.

But we continued to base our economic predictions on that metric. And it began to show economies recovering and growing—so everything’s going well again, right? But what if we factor in social and environmental realities?

Floating solar farms, also known as "floatovoltaics," are an efficient way to collect solar energy. They have a number of advantages over land-based systems:

1. They don't occupy land that could be used for other things, like crop farming.
2. They're up to 16% more efficient because the water keeps them cool.
3. They reduce evaporation on hydroelectric dams, saving more water for hydropower.

But they also come with an environmental cost: the panels sit on plastic floats. So far, floatovoltaic developers have relied on virgin (new) plastic to keep the panels afloat. As we know, plastic is one of the biggest contributors to pollution, uses fossil fuels to manufacture, and is deadly for sea creatures. But a new floatovoltaic farm in Alqueva, Portugal, is under development by the EDP corporation, an energy company committed to sustainability. 

In late April, the Indonesian government announced a temporary ban on exports of crude palm oil and its refined products, such as cooking oil. The decision came as a surprise to commercial goods traders as the government had previously stated the ban would only apply to refined products. After the government’s initial statement, prices of crude palm oil significantly fluctuated given uncertainties about what products the ban would cover. Prices have again skyrocketed in light of the most recent announcement.

Since the beginning of the war in Ukraine, the world has seen a wave of food protectionism, as governments seek to protect domestic food supplies in light of surging agricultural prices. As the world’s largest edible oils shipper, providing one third of global supplies, Indonesia threatens to worsen global food inflation with its decision and raises the risk of a full-blown hunger crisis.

In 1991, researchers at Berkeley Lab invented a triple-glazed window they hoped would revolutionise the building industry. Though windows with three panes had existed for years, what distinguished Berkley’s design from precursors was the presence of a centralised, thin layer of glass. This made the window lighter, as less material could be used to make the external panes. It also made the window more energy efficient, as compartments either side of the central layer could be filled with insulating gas. On paper, the window had the potential to cut annual heating bills by 39 percent and reduce air conditioning costs by 28 percent. The only problem was that it was prohibitively expensive to manufacture.