Confectionary giant Mars Inc. has pledged to spend US$1 billion on a new initiative aiming to tackle climate change and poverty, and improve well-being of staff and local communities within in its supply chain.
France is continuing to take a lead in combatting climate change by introducing legislation to ban the exploration for, and exploitation of, oil and gas within its territory, both at home and overseas.
President Trump's decision to withdraw the USA from the Paris Climate Change Agreement has provoked a range of reactions all the way from those who think it is a disaster to those who see it as an excellent opportunity.
Arnold Schwarzenegger sums up the opinion of many citizens in a strongly worded video released immediately after Trump's announcement.
Green Bond issuance is expected to double to more than US$200 billion worldwide in 2017, according to Moody's Investor Services. As the stimulus provided by the Paris climate agreement and China's commitment to a clean energy policy continues to kick in, new investors are expected to flock to the market for environmentally sound financial instruments.
In recognition of the need to give such investors a suitable home for their market, new issuers and investment structures – such as OPEN's €500 million multi-currency Cleantech Bond – are expected to be joined by sovereign states in the green bonds market.
Just one year after the Paris Climate Change Agreement recognised the need to switch the energy economy to a sustainable mode the value of fossil fuel divestment funds has doubled to US$5 trillion.
A new report by Arabella Advisors reveals that 688 institutions and more than 58,000 individuals in 76 countries have committed themselves to divesting funds away from fossil fuels. In a large number of cases the funds freed up are being diverted to 'green' initiatives to develop sustainable technology and invest in renewable energy.
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October 4th 2016 has been hailed as a day that will go down in history as the moment the world finally got serious about tackling climate change.
That was the date that the Paris Climate Change Agreement came into force, and it happened a lot sooner than many people thought – less than a year after the Agreement was proposed at the COP21 talks.
The key to combating future rises in carbon emissions on a global basis is how India reacts to meet its rapidly increasing energy needs.
Current plans envisage the country spending some US$611 billion on renewables over the next 24 years. Another US$115 will be invested in its nuclear programme, but despite this, rising demand will see it continue to rely heavily on coal to such an extent that its annual power sector carbon emissions could triple by 2040, according to Bloomberg New Energy Finance.