Money

Income inequalities : Oxfam has solutions

Last week I wrote on how to both the United Nations and Oxfam, income inequalities are at an all time high and growing. If the UN shows that some trends are going in the right direction, this could end soon. Too little people have too much money and vice versa. In the United States, the …

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Fossil fuel subsidies are as high as ever

To Desmogblog : ” The exact worth of massive global fossil fuel subsidies is incredibly hard to figure. There’s no real consistency in the definitions of subsidies, or how they should be calculated. “ ” As a result, estimates of global subsidy support for fossil fuels vary widely. According to a new analysis by the Worldwatch …

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Divestment reaches large investors

According to the New York Times and Reuters, more than a dozen large foundations representing more than $2 billion  (around 1.48 billion euros) in assets will stop investing in fossil fuels, just as the World Bank and the United Nations advise. To Reuters : ” The Divest-Invest Philanthropy coalition includes foundations, such as the Park …

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A trillion dollar a year in cleantech is needed

A thousand billion dollars, this the kind of money we need to invest every year to keep the world from warming more than two degrees Celsius, according to the UN climate chief Christiana Figueres, quoting IEA figures. In an interview with the Guardian, she stated that investments in clean technologies have to at least triple …

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Cleantech investments decreased again in 2013

I had noted last year that cleantech investments had decreased from their peak of  $317.9 billion in 2011 to reach $286.2 billion in 2012. 2013 was an even worse year as total investments reached only $254 billion. To Bloomberg New Energy Finance : ” The reduced volume of investment in 2013 reflected two influences, a continued sharp …

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