No Carbon Offset Programs Established Due to Forest Fires

Wildfires raging in the Amazon rainforest

Fernando Lessa/Alamy

Numerous forest-related carbon offset initiatives certified by Verra, the largest carbon registry globally, face potential risks from wildfires and other disturbances that may hinder effective carbon release from the atmosphere.

These forest-based carbon offset initiatives aim to conserve or restore forests to produce carbon credits, which can be sold to corporations or individuals to mitigate greenhouse gas emissions. Such schemes are designed to maintain a “buffer pool” of unsold carbon credits as insurance against future carbon losses due to factors like wildfires, pests, or severe weather events. Nevertheless, assessments of these buffer pools indicate that current carbon offset strategies are likely not sufficiently secured.

“The figures don’t really rely on scientific evidence, as far as we know,” stated William Anderegg from the University of Utah. A spokesperson from Verra defended the organization’s methodology, asserting that the determination of buffer pool size is grounded in rigorous, science-based risk evaluations, stressing that replenishment should align with what buffer-immersed projects have collected.

Buffer pools pose a significant challenge, especially when forest-based carbon credits are sold to offset emissions from fossil fuels that may have been in the atmosphere for centuries. “If you’re attempting to sequester carbon into trees, you need to guarantee its stability over an extended period,” Anderegg remarked.

In principle, by safeguarding adequate carbon to counterbalance potential losses over decades, a large buffer pool would suffice. However, previous research by Anderegg and his team revealed that forest carbon projects certified by Verra typically secured only 2% of their credits for protection against natural risks.

To evaluate whether this is an adequate safeguard, Anderegg and his colleagues employed ecological models to calculate the necessary size of the buffer to effectively manage the risk posed by natural disturbances across various tropical forest types. They juxtaposed these findings with the buffer pools currently mandated for Verra certification.

The results indicated that Verra’s standards fall short of ensuring permanent carbon storage in nearly all scenarios. In certain instances, the required buffer could be 11 times smaller than necessary. “Given these natural hazards, [the buffer] should be at least doubled, if not more, to be fitting,” Anderegg noted.

A Verra representative mentioned that the majority of the 76 million carbon credits presently within the buffer pool are utilized. They added, “previous reversals suggest that the buffer is not overwhelmed.” “The ongoing maintenance of buffer pools over time clearly demonstrates their effectiveness despite the risk of reversals,” the spokesperson stated.

Buffer pools are not merely a concern for Verra. For instance, California’s regulated carbon offset program has faced wildfires in recent years. A significant portion of the buffer pool was designed to endure for a century.

This concern is anticipated to grow as forest carbon losses escalate. “To secure sustainability extending beyond 100 years, you must ensure that the buffer is sufficiently robust to confront multiple climate variations,” Anderegg concluded.

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Source: www.newscientist.com

NASA’s Proposed 2026 Budget Cuts $6 Billion, Mainly Impacting Science Programs

On Friday, the White House unveiled a budget proposal outlining significant reforms at NASA as part of its initiative to secure $163 billion in federal funding.

The suggested reductions include a nearly 25% cut, translating to over $6 billion, from NASA’s budget. The most substantial decreases target the agency’s Space Science, Earth Science, and Mission Support divisions.

The blueprint also advocates for a space launch system rocket and Orion spacecraft aimed at returning astronauts to the moon, but proposes to terminate the program after just two more missions.

The SLS Megarocket and Orion Spacecraft were fundamental components of NASA’s Artemis Moon initiative, named after the Greek goddess associated with the moon. This mission aimed to create a base camp on the lunar surface and facilitate regular missions.

Critics have pointed out that the SLS rocket exceeds the scale and capabilities of the historic Saturn V booster used in the Apollo missions, resulting in significant delays and budget overruns.

President Donald Trump’s budget draft seeks to terminate the Artemis II test flight, expected to launch in early 2026, as well as the Artemis III mission, planned for mid-2027.

A document outlining the budget requests indicates a shift in NASA’s funding priorities aimed at “returning to the moon and placing the first human on Mars.”

The proposal envisions a hub for space stations in lunar orbit, along with the cancellation of the lunar gateway project, which was intended to play a crucial role in upcoming deep-space missions.

Other significant changes include a $2.265 billion reduction in NASA’s Space Science budget, a $1.161 billion cut in Earth Science funding, and a $5 billion decrease for the International Space Station.

Additionally, these budget cuts will shrink the size of the crew aboard the space station and limit scientific research capabilities, while preparing for its decommissioning by 2030, as part of a transition to commercial space stations, dependent on budget requirements.

In an internal email obtained by NBC News, NASA’s acting administrator, Janet Petro, stated that the proposed budget “demonstrates the administration’s backing for our mission and sets the foundation for our next significant accomplishment.”

She encouraged NASA employees to “exercise patience, resilience, and the discipline needed to achieve unprecedented feats,” acknowledging the budgetary constraints as “difficult choices” that would result in some activities being discontinued.

Among other points, Petro highlighted that under the discretionary budget, NASA would dissolve the SLS rocket and Orion spacecraft programs, as well as the gateway initiative, and halt funding for the Mars sample return project.

Petro’s communications did not specify which aerospace and defense contractors might gain or lose federal support due to these proposed changes. However, companies such as SpaceX, led by Elon Musk, Blue Origin, founded by Jeff Bezos, and the United Launch Alliance (a collaboration between Boeing and Lockheed Martin) are positioned as leading launch providers in the absence of the SLS.

Source: www.nbcnews.com

Federal officials commit to reinstating funding for women’s health programs

After protests from scientists and health experts, federal health officials said Thursday it would restore funding for the Women’s Health Initiative, one of the largest and longest research into women’s health to date.

The discovery of WHI and its randomized controlled trials has helped to change medical practices, form clinical guidelines, and prevent hundreds of thousands of cardiovascular diseases and breast cancer.

“These studies represent important contributions to our better understanding of women’s health,” said Emily G. Hilliard, a spokesperson for the Department of Health and Human Services.

“We are currently working to fully recover funding for these important research efforts,” she added. The National Institutes of Health is deeply committed to advancing public health through rigorous gold standard research and is taking immediate steps to ensure the continuity of these studies.”

WHI began in the 1990s Over 160,000 participants were enrolled nationwide when few women were included in the clinical study. It continues to pursue around 42,000 women, Data tracking data on cardiovascular disease and agingweakness, loss of vision, mental health.

Researchers hope to use the findings to learn more about how to maintain mobility and cognitive function and slower memory loss, detect cancer faster, and predict risks for other diseases.

HHS notified research team leaders that it would end the contract for WHI’s regional center in September, but the clinical coordination center based at Fred Hatch Cancer Center in Seattle will be funded until at least January 2026.

Sen. Patty Murray, a Washington Democrat, said shutting down the trial would be “a catastrophic loss for women’s health research.”

Not only has the initiative led to significant advances in women’s health, it also “paved the way for a generation of researchers focused on women’s health. This has been overlooked for a long time and underfunded,” Murray said.

WHI includes many randomized controlled trials, contributing to over 2,000 research papers. However, it is perhaps best known in a study of hormone replacement therapy that suddenly stopped in 2002 after researchers discovered that older women who collected estrogen-progestin combinations experienced a small but significant increase in their risk of breast cancer.

Until then, there was a widespread belief that hormone replacement therapy would protect women from cardiovascular disease. However, the trial found that women were at increased risk of heart attacks, strokes, and clots, despite the combination of hormones reducing colorectal cancer and hip fractures.

Dr. Joan Manson, one of the long-term lead researchers in the study and one of the medical professors at Harvard Medical School and Brigham and Women’s Hospitals, called the announcement of the funding cuts “sadly.”

She was given a statement by National Health Secretary Robert F. Kennedy Jr. about the importance of reducing chronic illnesses in America, and the original decision to cut funds is baffling, she said.

“There is no good example of the scientific impact of research on chronic disease prevention than WHI,” Dr. Manson said.

Lessons learned Hormonal research has resulted in huge savings Researchers discovered this at medical expenses. One study found that between 2003 and 2012, roughly $35 billion was the number of cases of cancer and cardiovascular disease that were avoided. For every dollar spent on WHI, I saved $140.

One randomized trial conducted by WHI saw the effects of a low-fat diet high in fruit and vegetables. Researchers initially found a reduction in ovarian cancer alone, but long-term follow-up showed that this diet also reduces deaths from breast cancer.

Another study of calcium and vitamin D found that supplements provided slight benefits to maintain bone mass and prevent hip fractures in older women, but did not prevent other fractures or colorectal cancer.

Although the findings have affected medical guidelines, we do not currently recommend that all women take supplements regularly.

Participants in the initiative are currently between 78 and 108 years old, and some scientists have acknowledged that there could be discussions to end the trial. However, careful planning is usually given to shut down such a large-scale wide range of research.

“There’s still a lot to learn,” said Garnet Anderson, senior vice president and director of the Department of Public Health Sciences at the Fred Hatch Cancer Center and lead researcher at the initiative.

“Studying 13,000 women at age 90, what are your health needs? How do you live such a long, healthy life?” she said. “I want to know the secrets of success for healthy aging.”

Part of the reasons research began in the 1990s was the lack of information and research on women’s health and there was little evidence underlying clinical recommendations, says Marian Neuhauser, who heads the cancer prevention program at the Fred Hatch Cancer Center and chairs the WHI steering committee.

“Women are half the population,” Dr. Neuhouser said. “However, they were not included in the study. It was mostly male and the results were extrapolated to women.”

Source: www.nytimes.com

Reed Hastings, CEO of Netflix, proposes a $50 million donation to Bowdoin College for AI programs.

Netflix co-founder Reed Hastings is hoping to encourage more researchers and students to delve into the impact of artificial intelligence on human norms. To support this cause, Hastings made a generous donation of $50 million to his alma mater, Boudine College, establishing a research initiative on “AI and Humanity,” the largest gift the liberal arts college has received since its founding in 1794.

The ultimate goal of the program, according to Hastings and school officials, is to transform Boudine into a hub for investigating the risks and consequences of AI. It also aims to equip students to address emerging technologies that are capable of producing human-like text and creating formulas for potential new medications.

The concept for this initiative stemmed from conversations between Hastings and President Boudin over recent months. They see it as an opportunity to enhance the academic experience by incorporating AI into education and research. Some of the funds will be used to hire 10 new faculty members to support professors looking to integrate AI into their teaching and research.

In a recent interview, Hastings emphasized the importance of researchers addressing these critical questions given the rapid advancements in AI and the potential disruptions it could bring to various aspects of human life, such as work and relationships.

He stressed the urgency of preparing for the transformative impact of AI, comparing it to the rapid growth of social networks that initially caught many off guard with their societal implications.

Dr. Zaki, a cognitive scientist and President of Boudin, expressed his hope that Bowdoin faculty and students will develop an ethical framework for exploring and utilizing AI technology to address fundamental questions.

He posed thought-provoking questions about the ethical dimensions of AI and stressed the moral duty of educators to engage with these issues.

As AI becomes more pervasive in daily life, millions of people are utilizing it for tasks ranging from information retrieval to generating computer code. The creators of these tools predict that even more advanced AI systems will significantly alter our daily routines.

While some tech leaders in Silicon Valley paint a positive image of an AI-driven future, the new initiative at Boudin College seeks to critically examine how AI is reshaping society for better or for worse. Hastings hopes this program will ensure that technological advancements are aligned with benefiting people and society.

Expressing his optimistic view on technology, Hastings believes that human progress is closely tied to our moral and ethical systems. He highlights the importance of strengthening these systems to guide technological development for the betterment of humanity.

Source: www.nytimes.com

Meta UK Staff Express Concerns Over Abolishing Fact Checkers and DEI Programs

The union representing tech workers in the UK expresses concerns on behalf of British staff at Meta about the company’s decision to eliminate fact-checkers and diversity, equity, and inclusion programs. They feel disappointed and worried about the future direction of the company.

Prospect union, which represents a growing number of UK Meta employees, has written to express these concerns to the company, highlighting the disappointment among long-time employees. They fear this change in approach may impact Meta’s ability to attract and retain talent, affecting both employees and the company’s reputation.

In a letter to Meta’s human resources director for EMEA, the union warns about potential challenges in recruiting and retaining staff following the recent announcements of job cuts and performance management system changes at Meta.

The union also seeks assurances that employees with protected characteristics, especially those from the LGBTQ+ community, will not be disadvantaged by the policy changes. They call for Meta to collaborate with unions to create a safe and inclusive workplace.

Employees are concerned about the removal of fact-checkers and increased political content on Meta’s platform, fearing it may lead to a hostile work environment. They highlight the importance of maintaining a culture of respect and achievement at Meta.

Referencing the government’s Employment Rights Bill, the union questions Meta’s efforts to prevent sexual harassment and ensure that employees with protected characteristics are not negatively impacted by the changes.

The letter from the union follows Zuckerberg’s recent comments on a podcast, where he discussed the need for more “masculine energy” in the workplace. Meta has been approached for comment on these concerns.

Source: www.theguardian.com

Bestwell secures $125 million in funding to aid in the advancement of workplace savings programs for companies

Bestwell, which provides infrastructure for employers to promote workplace savings programs, has raised $125 million in what the company calls a “pre-emptive” funding round.

Lightspeed Venture Partners led the round, with participation from existing backers Fin Capital, Primary Venture Partners, and FinTech Collective, as well as new investors Blue Owl and HarbourVest.

The New York-based fintech company declined to reveal its valuation.

As part of this round, Justin Overdorff, Lightspeed’s lead fintech partner, joined Vestwell’s board of directors.

bestwell CEO Aaron Schumm founded the company in 2016 and launched its cloud-native platform in 2017. In this latest round, he raised $227.5 million.

Shumm declined to provide specific revenue numbers, but told TechCrunch via email that the startup: “We achieved revenue growth of over 1,000% in three years.”

“ARR and sales will also increase by more than 100% in 2023,” Schumm said, noting that the company is “on the path to profitability in the near term.”

bestwellHe added, “Prior to this pre-empted Series D funding, it was funded through profitability.” The company’s last raise was a $70 million Series C round in 2021.

More than 1 million employees at 300,000 companies use the Vestwell platform, which the company says has contributed to nearly $30 billion in asset savings over time. The company operates in partnership with financial institutions such as Morgan Stanley and JPMorgan, state governments, and payroll companies, and generates revenue for Bestwell through per-employer or “per-saver” monthly fees. . Bestwell says that as a partner extension, it enables an array of programs that include retirement, health, and education, including 401(k), 403(b), IRA, 529 Education, ABLE disability programs, and emergency savings programs. There is.

Earlier this year, JPMorgan used Bestwell to expand its 401(k) product.

“We help these companies migrate away from outdated legacy platforms, giving them a competitive edge when entering severely underserved markets,” Schum said. states.

Schum said Bestwell’s public-private partnerships are increasingly driving the company’s business by giving state governments a way to provide a “personalized savings experience.”

“We are now a leading partner in this space, currently powering 80% of the Live State Auto IRA savings programs in this country,” he said.

The company will use the new funding to expand its National Savings and other public savings program initiatives, enhance existing products and develop new products. About half of the new funding will go toward acquisitions, Schumm said. July, Bestwell Acquires student loan benefit provider Gradifi It was acquired from Morgan Stanley for an undisclosed amount.

Vestwell has just over 350 employees and has grown its team size by approximately 40% in the last year.

Lightspeed’s Oberdorf said the company was “deeply impressed with Bestwell” and impressed by the company’s “groundbreaking infrastructure-first approach to solving America’s systemic savings problem.” He said he received it.

“They are undeniably a dominant player and a true disruptor when it comes to the world of savings. Lightspeed is excited about our investment. I am proud to join the board and look forward to accelerating this I look forward to working closely with Aaron and his team to bring the company together. ”

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Source: techcrunch.com