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Carbon markets could finance green wastewater infrastructure for a huge win-win-win

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Carbon markets could finance green wastewater infrastructure for a huge win-win-win

Green wastewater-treatment infrastructure could save billions of dollars and avert millions of tons of carbon emissions in the United States in the coming decades, according to a new study.

To facilitate this, wastewater treatment could be folded into carbon markets, moving water quality from a local to a globally traded resource, the study suggests.

Conventional wastewater-treatment facilities such as sewage plants that remove nutrients like nitrogen and phosphorus from wastewater are known as “gray” infrastructure. Such facilities currently account for 2% of U.S. energy use and 45 million metric tons of carbon emissions annually.

Wastewater-treatment standards are likely to become more stringent in the future, which will increase the power needed for water treatment, and the corresponding carbon emissions—especially because gray-infrastructure technologies able to meet these standards are energy-intensive and not terribly efficient.

In the new study, researchers investigated the potential for different forms of green wastewater-treatment infrastructure to contribute to water quality standards. Green approaches range from reducing the amount of fertilizer spread on farmland to creating human-made wetlands to filter water before it enters a river.

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As well as reducing the need to beef up wastewater treatment plants, such approaches could address non-point source pollution from fertilizer runoff, urban development, and wildfires.

 

 

The researchers gathered data on nutrients coming into more than 22,000 wastewater treatment facilities throughout the contiguous United States. Then they calculated the emissions, costs, and treatment capabilities of standard wastewater treatment plants compared to green infrastructure of various sorts.

Utilities in the United States are already allowed to trade point-source for non-point source water quality improvements. But these mechanisms haven’t been used very widely. So the researchers investigated the potential for carbon markets to provide a source of capital to finance green wastewater infrastructure.

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Essentially this approach would trade on the carbon-reducing potential of green infrastructure, with the water quality benefits coming along for the ride.

Green wastewater-treatment infrastructure could save $15.6 billion and 30 million metric tons of carbon emissions over four decades, the researchers report in the journal Nature Communications Earth & Environment.

Green wastewater infrastructure designed to achieve the most stringent water quality standards could sequester more than 4.2 million metric tons of carbon emissions per year and generate revenue of $679 million per year via carbon markets.

The main limitation on green treatment methods’ ability to remove nutrients is a lack of agricultural land in some areas, and the fact that not all green technologies can be used in all areas. “While green treatment methods can only treat less than 40% of nitrogen and 25% of phosphorus needed in the United States, this would still represent a large decrease in infrastructure compared to the scenario where green treatment methods are not used,” the researchers write.

Green wastewater-treatment infrastructure has lower carbon emissions than gray infrastructure in every water basin across the country—although it is not carbon-negative everywhere.

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Nor are green treatment technologies cheaper than gray ones everywhere. But when potential carbon financing revenues are accounted for, basins where green technologies are cheaper account for 94.6% of nitrogen and 91.9% of phosphorus treated in the contiguous United States. Much of the cost of green infrastructure comes from the need to pay farmers to implement the technologies, in some cases yearly.

“As the grid evolves with less environmental impact, carbon credits generated by offsetting gray infrastructure with green infrastructure will be reduced,” the researchers write, “which mean that the window of opportunity for leveraging carbon markets to incentivize a shift from gray to green infrastructure may be limited.” They are now conducting additional studies to develop the carbon-credit methodology.

Source: Limb B.J. et al. “The potential of carbon markets to accelerate green infrastructure based water quality trading.” Communications Earth & Environment 2024.

Image: ©Anthropocene Magazine

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Consumer confidence plunges among younger adults

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Consumer confidence plunges among younger adults

Consumer confidence has plunged among traditionally optimistic younger adults amid fears for their personal finances and the wider economy, figures show.

GfK’s long-running Consumer Confidence Index remained unchanged at an overall score of minus 23 in June.

However, the analyst said this was was “misleading as, beneath the surface, there are new signs that confidence is weakening”.

Source: GfK

Neil Bellamy, consumer insights director at GfK, said: “The biggest fall this month is among those aged 16 to 29, traditionally one of the most optimistic groups.

“Here confidence has dropped 11 points over the past month to minus two, the lowest level seen for two years, driven by large falls in views on both their own personal finances and the wider economy.

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“More broadly, there are now no demographic groups with a positive confidence score, including higher-income households earning £50,000 or more, who have slipped back into negative territory as of June.

“Confidence remains subdued and vulnerable to further economic or political uncertainty.”

Sourve: GfK
Sourve: GfK

Overall, confidence in personal finances over the coming year remained flat at minus two, four points lower than this time last year.

The measures of both personal finances and the economy over the previous 12 months were both slightly down, by two points and three points respectively, “reflecting the sense that things have been extremely tough over the last year for so many”, GfK said.

The only measure to increase was expectations for the wider economy over the next 12 months, up two points to minus 36 but still eight points below this time last year.

The major purchase index, an indicator of confidence in buying big ticket items, remained at minus 20, four points lower than June last year.

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How US-Iran peace deal will affect our cost of living

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How US-Iran peace deal will affect our cost of living

“Ships of the World, start your engines. Let the oil flow!” said Donald Trump on social media after he announced the signing of an interim peace deal with Iran on Sunday. Under the agreement – which Iran acknowledged included a 60-day negotiating period for a final deal – the president said that following retrieval of mines, there would be a “toll free opening” of the Strait of Hormuz.

But many of the finer details remain “unclear”, said The Guardian. There are questions over the “exact timing of the reopening of the maritime route, who will oversee safe passage and whether any conditions will be applied”.

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Hong Kong graduates prefer careers in finance, survey finds

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Hong Kong graduates prefer careers in finance, survey finds
Hong Kong graduates believe the city’s finance industry is its most attractive and stable sector, making them more optimistic about career opportunities than their global peers, according to a study by the CFA Institute, which trains investment managers.

The US-based institute’s “2026 Graduate Outlook Survey”, released on Wednesday, found that 71 per cent of Hong Kong graduates rated their career prospects between eight and 10 out of 10. The global average for that level of optimism was 59 per cent.

The graduates’ view of careers in finance reflected “both the sector’s resilience and Hong Kong’s continued strength as an international financial centre, which ranks third worldwide and first in Asia-Pacific”, the institute said in a statement.

The findings also indicated that young people were confident about Hong Kong’s role as an international financial centre, resilient amid global uncertainties, and strategically focused on improving skills, it said.

That confidence was “deeply grounded”, it said, with nearly 90 per cent believing they had the skills to succeed and clearly understood what employers were looking for, notwithstanding the wider adoption of artificial intelligence in the city.

“Rather than viewing AI as a threat, 38 per cent of Hong Kong graduates believe it has no negative impact on their job hunting, and 37 per cent believe it makes securing a job easier,” the institute said. “Three quarters are already actively using AI tools in their job applications, demonstrating a proactive, tool-first mindset.”

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