Environment & Climate Change

Planting a forest to improve air quality may prove to be as cost-effective as expensive new pollution control equipment, according to preliminary results from a novel experiment at a Freeport, Texas chemical plant. Officials involved in the study say this innovative approach could become a test case before the federal Environmental Protection Agency, which has identified reforestation as a potential air quality improvement strategy.

Leaders of an unusual collaboration between The Nature Conservancy, the world's largest conservation group, and the Dow Chemical Company, a Fortune 100 corporation, told a Harvard Kennedy School (HKS) audience this week that they were encouraged by initial findings validating a dollars-and-cents approach to valuing nature that may help businesses with their bottom line while improving the environment in local communities.

"In a bold move, the UK Government has announced the creation of a £1 million prize for a new 'grand innovation challenge.'  According to Prime Minister David Cameron, the award would go to the next 'penicillin' or a plane that could fly carbon-neutral across the Atlantic....The prize will not only recognize those who come up with outstanding ideas, but it will also serve as source of inspiration for young people. Getting the youth to focus their creative energies on solving the world's pressing challenges needs to start early, especially in high schools."