The World Bank will stop funding oil and gas projects after 2019

December 12, 2017 by  
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One of the world’s leading financial institutions just announced plans to stop financing oil and gas projects. Today at the One Planet Summit , the World Bank officially announced that it will quit financing upstream oil and gas after 2019. The announcement is part of their efforts to assist developing countries in meeting the goals of the Paris Accord . World Bank president Jim Yong Kim, together with French president Emmanuel Macron and United Nations Secretary-General Antonio Guterres, gathered world leaders at the One Planet Summit to work towards action on climate change . On the occasion, the World Bank Group made several announcements, the first of which was their decision to quit financing upstream oil and gas after 2019. Related: World’s largest sovereign wealth fund could ditch oil and gas stocks The move is meant to help developing nations move closer to Paris deal goals. There may be exceptions for some countries; the World Bank said, “In exceptional circumstances, consideration will be given to financing upstream gas in the poorest countries where there is a clear benefit in terms of energy access for the poor and the project fits within the countries’ Paris Agreement commitments.” In opening remarks , Kim called for incentives for change, such as “removing fossil fuel subsidies, introducing carbon pricing, increasing energy efficiency standards, and implementing auctions for lowest cost renewable energy .” He said, “Every day, climate change becomes a more urgent economic, social, and existential threat to all countries and all people. We need investments in the trillions – not billions – to have any hope of keeping the commitments we made here two years ago. That’s what this summit is all about.” The World Bank also said they’re on track to reach their goal of directing 28 percent of their lending towards climate action by 2020. They also think they’ll meet the targets of their Climate Change Action Plan, which seeks to assist developing countries in adding enough renewable energy to power 150 million houses , or 30 gigawatts. Via the World Bank Images via World Bank on Twitter and Jim Yong Kim on Twitter

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The World Bank will stop funding oil and gas projects after 2019

11 charitable green gifts that give back

December 12, 2017 by  
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Turn your holiday shopping into an act of kindness this year with our picks for festive and charitable gifts that give back. The National Wildlife Federation dedicates proceeds from its holiday birdseed wreaths to protect American wild animals, and you can  adopt an African elephant for just $25 from the World Wildlife Fund. Check out our favorite gifts that give back here ! GIFTS THAT GIVE BACK >

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11 charitable green gifts that give back

Qatar unveils first-ever FIFA World Cup stadium to be built from shipping containers

November 28, 2017 by  
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Abandoned stadiums and crumbling arenas are often left in the wake of events like the World Cup and the Olympics. In a bid for more sustainable construction, Qatar has unveiled plans for the world’s first fully modular stadium ahead of the 2022 FIFA World Cup. Designed by Fenwick Iribarren , Schlaich Bergermann Partner and Hilson Moran , the 40,000-seat arena, known as the Ras Abu Aboud Stadium, would be mainly built of shipping containers to allow for disassembly and reconstruction. The plans for the cargotecture stadium —the latest in Qatar’s total of eight proposed host venues for the FIFA World Cup —was revealed this week Supreme Committee for Delivery & Legacy (SC), the organization tasked with delivering the infrastructure for the 2022 event. Unlike the World Cup stadiums before it, the Ras Abu Aboud Stadium will be built of modular building blocks presumably constructed in a factory with amenities, such as removable seats, concession stands, and bathrooms, ahead of on-site assembly. The modular approach results in less waste and a reduced carbon footprint, and may earn the stadium a four-star Global Sustainability Assessment System certification. Related: Arup and RFA Fenwick Iribarren Architects unveil plans for the new Qatar Foundation Stadium “This venue offers the perfect legacy, capable of being reassembled in a new location in its entirety or built into numerous small sports and cultural venues,” said SC Secretary General H.E. Hassan Al Thawadi. Qatar’s new World Cup stadium is expected to be completed in 2020 and will be located on a 450,000-square-meter waterfront site nearby a Doha port. + Fenwick Iribarren Architects Via The Architect’s Newspaper and FIFA

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Qatar unveils first-ever FIFA World Cup stadium to be built from shipping containers

Can the private sector misbehave its way to sustainability?

November 27, 2017 by  
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We need “business unusual” to take on the world’s biggest sustainability challenges.

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Can the private sector misbehave its way to sustainability?

10 Minutes with Kirsten Tobey

November 27, 2017 by  
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The co-founder of an innovative food startup dishes on helping schoolkids eat right, and growing a business in the process.

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10 Minutes with Kirsten Tobey

How to solve the energy ‘trilemma’

November 27, 2017 by  
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It’s where environmental sustainability meet energy security and affordability.

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How to solve the energy ‘trilemma’

Why Colgate and Nestle are setting an internal price on water

November 27, 2017 by  
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More companies are improving their water processes and using innovative new tools to do so.

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Why Colgate and Nestle are setting an internal price on water

Opt Outside Virtually with Sounds from Around the World

November 24, 2017 by  
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Instead of indulging in consumerism on Black Friday, follow the … The post Opt Outside Virtually with Sounds from Around the World appeared first on Earth911.com.

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Opt Outside Virtually with Sounds from Around the World

Elon Musk wins $50 million bet by installing world’s largest lithium-ion battery in under 100 days

November 24, 2017 by  
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Elon Musk has done it again. In March, the inventor and mastermind behind Tesla , SpaceX and other world-changing ventures made a bet on Twitter with Atlassian’s Mike Cannon-Brookes that he could help solve South Australia’s vexing blackouts with a massive Powerpack within 100 days — or provide the $50 million service for free. And he has now officially won. Not only will Tesla receive payment for the 100 megawatt energy storage project , but residents no longer have to sit in the dark during periods of high energy demand. The largest lithium-ion battery in the world, according to Business Insider , Tesla’s 100 megawatt Powerpack supports Neoen’s Hornsdale wind farm nearly 150 miles north of Adelaide, the capital of Australia. State premier Jay Weatherill announced on Thursday that testing would begin within days, ahead of the 1 December deadline. Although Musk signed off on the South Australia project in September, the government officially awarded his company the contract in July. Business Insider reports that the massive battery is capable of providing power for 8,000 homes for a 24-hour period, or 30,000 homes for an hour during a blackout. Related: Elon Musk says he’ll fix South Australia’s energy woes in 100 days — or it’s free Last September, all of South Australia lost power when a storm damaged the state’s electricity transmission infrastructure . In response, the government announced a $550 million plan to buttress against future blackouts, which includes the Powerpack and a 250 megawatt gas-fired generator expected to cost $360 million. Weatherill says testing will ensure the plant meets all regulatory requirements, and praised all parties involved with its rapid execution. “It sends the clearest message that South Australia will be a leader in renewable energy with battery storage,” he said. “An enormous amount of work has gone into delivering this project in such a short time, and I look forward to visiting Jamestown next week to personally thank those who have worked on this project.” Via Business Insider Images via Tesla

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Elon Musk wins $50 million bet by installing world’s largest lithium-ion battery in under 100 days

An open letter on COP23 from Walmart and WWF

November 16, 2017 by  
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Why the world’s largest retailer is linking arms with the world’s biggest environmental NGOs.

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An open letter on COP23 from Walmart and WWF

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