💚 2023 - Climate litigation, trends and new solutions

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Hej, How did your year start? A lot is happening over here so we apologise for a slightly delayed love letter. But, fear not, we have packed it with a lot of good stuff! Don't miss out on our Sustainability Outlook for 2023 and its impact on businesses as well as some treasures from the www on climate litigation, new materials and system solutions. 2023, off we go! Trends  Where is Sustainability heading in 2023? New year, continuous focus and efforts. We asked Another Tomorrow’s Business and Sustainability Analyst, Michael Bohlin, about what areas within Sustainability will get further attention and resources in 2023 and how that can impact businesses. You can read the full article here so let's have a look at the key takeaways: Wide impact from energy, food and cost-of-living crises Energy – IEA projections point to a potential historic turning point where, for the first time, global demand for fossil fuels “peak or plateau”. Inclusive climate action – Progressive policymakers need and likely will double down on just transition efforts.  National policy weakening – More than a third of the global economy is expected to contract in 2023, setting the scene for more authoritarian regimes wishing to prevent progressive climate and environmental policies.  The cost of carbon emissions With the societal cost of emissions increasing due to droughts, storms and rising sea levels, so will the price of emitting carbon — manifested through the price of emissions allowances and carbon offsetting. As the current global supply of carbon removal solutions simply cannot meet the aggregate demand stemming from net-zero targets, most companies underestimate their future CO2 compensation cost. Biodiversity is here to stay During late 2022, world leaders at the UN Biodiversity Conference COP15 agreed to protect 30% of global land and sea areas by 2030 whilst the recent World Economic Forum calls for a nature-positive transition in parallel with net zero. This year, we will likely see initiatives of biodiversity credits as one of the market-based financial mechanisms to unlock private finance.  Head over to the blog to read the full article.  Curated Why 2023 will be a watershed year for climate litigation Source: The Wave This year, we will see climate litigation grow with many climate lawsuits having been filed across the world to shed light on inaction both within governments and various industries.  Whether it's in South Africa, New Zealand, Switzerland, the US or the Netherlands, all over the globe groups of people - young and old - are holding the public and private sector accountable for risking both our planet's as well as people's health and future.  As the Guardian puts it, "Sarah Mead, co-director of the Climate Litigation Network, says these cases are crucial because a positive outcome can enhance government accountability, particularly in OECD countries with significant historical responsibilities and more capacity to cut their emissions. They also help to narrow the global emissions gap and further foster citizens’ mobilisation on the need for stronger climate action."  Read the full article on the Guardian or the Wave.  Innovation New materials and system solutions We recently came across PlasticFree, a platform collecting innovative solutions to tackle the plastic problem. Not only can you learn more about new sustainable materials but also dive into case studies of how different brands are finding new and scalable ways in line with our planetary boundaries. Anything from mycelium based packaging to lyocell made from food waste, there are lots of interesting finds! Go check it out.  Stay safe and stay curious!  / Linnéa & Team Another Tomorrow Seeing this for the first time? Sign up to the love letter here.