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Photo: Lime

Lime vowed Tuesday that all rides on its electric scooters and bikes worldwide will be "carbon neutral." It's the first part of a wider, newly announced initiative called "Lime Green."

Why it matters: There's growing attention to the environmental impact of shared mobility services — notably ride-hailing, but other forms as well — that are altering the shape of urban transit.

Bike and scooter companies tout themselves as greener alternatives to cars, and steps to make up for the emissions from electricity used to charge the vehicles can help Lime make that case.

Lime's move also comes as players in the growing dockless transit market try to differentiate themselves from their competitors.

What they're doing: Lime said it's partnering with NativeEnergy, a firm that provides carbon offset and renewable energy credit services.

  • "[Lime] will purchase renewable energy credits from both new and existing projects for the electricity used to charge its fleet of bikes and electric scooters," the company said.
  • Lime also said it will buy carbon offsets — that is, help fund climate-friendly projects — to displace the emissions from company operations, including the fossil fuels used by fleet management vehicles.

What's next: The company said a subsequent phase of the Lime Green effort will involve purchasing "clean energy" directly from power companies, exploring use of on-site solar power, and making its operations more efficient.

The details: Lime said its work with NativeEnergy will include investments in an Iowa solar project and buying power from the Capricorn Ridge, an existing wind farm in Texas, in order to "green our fleet in Austin, Dallas and San Antonio."

The company did not provide information about the costs of the new initiatives, but said they will not raise prices for consumers.

Go deeper

Updated 45 mins ago - Politics & Policy

Capitol review panel recommends more police, mobile fencing

Photo: Olivier Douliery/AFP via Getty Images

A panel appointed by Congress to review security measures at the Capitol is recommending several changes, including mobile fencing and a bigger Capitol police force, to safeguard the area after a riotous mob breached the building on Jan. 6.

Why it matters: Law enforcement officials have warned there could be new plots to attack the area and target lawmakers, including during a speech President Biden is expected to give to a joint session of Congress.

CDC says fully vaccinated people can take fewer precautions

Photo: Filip Filipovic/Getty Images

People who have been fully vaccinated against COVID-19 can take fewer precautions in certain situations, including socializing indoors without masks when in the company of low-risk or other vaccinated individuals, according to guidance from the Centers for Disease Control and Prevention released Monday.

Why it matters: Per the report, there's early evidence that suggests vaccinated people are less likely to have asymptomatic infection and are potentially less likely to transmit the virus to other people. At the time of its publication, the CDC said the guidance would apply to about 10% of Americans.

Dan Primack, author of Pro Rata
3 hours ago - Economy & Business

Ripple CEO calls for clearer crypto regulations following SEC lawsuit

Illustration: Sarah Grillo/Axios

Ripple CEO Brad Garlinghouse tells "Axios on HBO" that if his company loses a lawsuit brought by the SEC, it would put the U.S. cryptocurrency industry at a competitive disadvantage.

Why it matters: Garlinghouse's comments may seem self-serving, but his call for clearer crypto rules is consistent with longstanding entreaties from other industry players.