By some measurements, cement production alone is responsible for about 8% of human-caused carbon dioxide emissions every year. And so there is an imperative to find suitable low-carbon alternatives. Here is what is currently happening in the US (via Grist):
On Tuesday, Terra CO2 Technology was picked to receive a $52.6 million federal grant to build a new manufacturing plant just west of Salt Lake City. The company has devised a method that turns common minerals into additives that can help replace Portland cement — a key component in concrete, and one of the most carbon-intensive materials in the world.
In addition to this new facility, the company is set to start construction on its first plant in the Dallas-Fort Worth area:
The project is expected to break ground in January 2025 and begin shipping out materials by late summer 2026, Yearsley said. The facility will be capable of producing up to 240,000 metric tons of SCM [supplementary cementitious materials] per year when completed, or enough to serve roughly half of the local metropolitan market.
And all of this is part of a broader initiative by the US Department of Energy:
The Utah facility is one of 14 projects provisionally selected this week to receive $428 million in total awards from the U.S. Department of Energy’s Office of Manufacturing and Energy Supply Chains. The initiative, which is funded by the Bipartisan Infrastructure Law, aims to accelerate clean energy manufacturing in U.S. communities with decommissioned coal facilities. Officials said the projects are expected to create over 1,900 high-quality jobs across a dozen states.
For the rest of the article, click here.
I like the way that Scott Galloway describes entrepreneurship in this recent post about why he's bearish on Tesla:
Entrepreneur is a synonym for salesperson, and salesperson is the pedestrian term for storyteller. Pro tip: No startup makes sense. We (entrepreneurs) are all impostors who must deploy a fiction (a story) that captures the imagination and attracts capital to pull the future forward and turn rhyme into reason. No business I have started, at the moment of inception, made any sense … until it did. Or didn’t. The only way to predict the future is to make it.
He then goes on to describe the difference between an entrepreneur and a liar:
This is not the same as lying. There’s a real distinction between an entrepreneur and a liar: Entrepreneurs believe their story will come true, as they are laser-focused on making it true. A liar, well, they know they’re misleading people with false data. Usually for money (i.e., fraud). This is where Tesla turns gray.
Scott continues to say things about Elon and Tesla. But that's not the point of today's post.
The point I would like to make is that real estate development is an inherently entrepreneurial endeavor. You need to be a salesperson and a compelling storyteller, because that's the only way you'll be able to create the future. And creating the future is what developers do.
As some of you know, I take a French class one evening every week. I have chosen to go in person, but apparently the majority of students enrolled at the school, don't. They do it online, which is obviously easier for everyone. Call me old school, but I prefer being in a classroom, especially when trying to learn and perfect a language.
I was reminded of this as I read through this recent article by Alain Bertaud. Alain is perhaps best known for his book, Order without Design: How Markets Shape Cities, and so it's no surprise that he would write an article praising the randomness of cities. In it, he talks about how it is, of course, possible to never leave home. Meetings, food, entertainment, and exercise all happen online.
This is convenient and all, but:
Randomness makes city life exciting and productive, and how we design cities can multiply or reduce the chances of serendipitous encounters of people and ideas. Creativity and innovation, two of the most desirable traits of metropolitan environments, depend on unplanned meetings between people of different skills, tastes, and backgrounds.
So here's to leaving home, sometimes.
