Recovery rates for cardboard dropped from 92.9% during 2015 to 88.8% last year, according to data. The increased use of cardboard because of e-commerce shipments has left many recycling facilities struggling to handle materials, particularly after China cracked down on imported waste.
Keeping recyclable items out of landfills and finding new uses for them are essential to growing the circular economy, experts at CleanEnviro Summit Singapore agreed. Smart technologies such as sensors, blockchain and tracking can improve circular practices, they say.
Steel company Stelco has had environmental liability protection as a tenant on industrial property owned by an Ontario-backed land trust, and those safeguards appear to be transferring to Stelco along with ownership of the property. Environmental liability was a key issue in a US-based venture capital firm's 2017 acquisition of Stelco, which led to the creation of the land trust.
The water crisis in Flint, Mich., four years ago brought problems to the forefront, and the state is set to implement new regulations on its drinking water systems. The rules will reduce acceptable lead levels and require the removal of lead pipes within 20 years.
The Trump administration is considering measures to increase the use of electricity generated from coal and nuclear-fired power plants, and the White House has said keeping the energy grid secure would protect "our national security, public safety and economy from intentional attacks and natural disasters." A draft memo directs the Energy Department to find ways to reduce the retirement of coal and nuclear-powered generation plants, but environmental groups have expressed opposition.
More school districts are constructing buildings that produce as much energy as they use -- known as "net zero" buildings. Erin Russo, principal of an environmentally friendly school in Virginia, says the building itself offers opportunities for students to learn about the behavior of light using the school's solar panels and how to calculate the building's energy use in math class.
As US coastal populations and property values continue to grow, the trend toward costlier and more destructive hurricane events -- coupled with the impact on businesses, the economy and people -- will only worsen. Hurricane prediction is never perfect, so preparation is essential. The economic impact of hurricanes can be massive. In the face of the risk, businesses in vulnerable areas should fully evaluate their exposures and take steps to reduce their risks. So what is the economic impact of hurricanes? Learn more.
Impact Forecasting, the catastrophe model development team of Aon, launched the latest edition of its monthly Global Catastrophe Recap report, which evaluates the impact of the natural disaster events that occurred worldwide during May. The report reveals that four separate severe weather outbreaks swept across the US during the month, leading to extensive hail and wind damage. Total combined economic losses from just two of the events were minimally estimated at $2.3 billion, with public and private insurers expected to cover more than two-thirds of the total. The final figure is expected to be even higher. Read more.
You have to trust in something -- your gut, destiny, life, karma, whatever. Because believing that the dots will connect down the road will give you the confidence to follow your heart even when it leads you off the well-worn path, and that will make all the difference.
Steve Jobs, entrepreneur
About Aon Environmental
Aon Environmental provides clients with the specialized expertise needed to understand their exposure and its consequences, including how it impacts financial objectives as well as corporate governance, sustainability, and regulatory concerns. Using a multi-disciplinary approach that draws upon experience in environmental law, environmental remediation, and environmental risk management, the Aon team has developed solutions for the largest and most complex environmental placements. Our superior technical skills, combined with market knowledge and relationships, ensure that the best presentation of our client's objectives will be made.
Aon plc (NYSE:AON) is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance.