Years ago when Google Earth was launched, we were all amazed at the levels of details provided. It was just very impressive. Now Google does it again with a most interesting feature: Google Project Sunroof.
” Global economic output could rise by as much as an additional $2.6 trillion (€1.9tn) a year, or 2.2%, by 2030 if government policies improve energy efficiency, waste management and public transport.”
To the World Bank, which published the report, ” the same development projects that improve communities, save lives, and increase GDP can also fight climate change. “
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 Foundation, the John Merck Fund and the Schmidt Family Foundation – co-founded by Google Inc Executive Chairman Eric Schmidt – in the United States “
These foundations believe that the carbon bubble presents both financial and ethical risks and urge others to follow their lead in divesting from unburnable carbon.
Carl Pope, the former executive director and chairman of the Sierra Club published an article on the very topic last week as the World Bank and the US government announced they wouldn’t fund coal anymore.
But this week, there was another third blow on financing coal. As The Guardian reported : ” The European Investment Bank (EIB), the main lending arm of the European Union, has decided to stop financing most coal-fired power plants. “
The EIB mostly lends money to European nations. I guess this will make it difficult for Eastern European nations to finance new coal-fired plants.
This is getting really worrying. To the German renewable energy institute, global CO2 emissions rose by 2.5 percent in 2011. The IEA on its side saw a 3.2 percent increase. Global emissions are now 50 percent higher than in 1990.
This is taking place as respected organizations such as the World Bank, the IEA and the United Nations are calling for rapid and massive action. You can’t suspect these people to have an agenda or to have doubts about this.
So either country leaders around the world will finally heed the call or we are doomed to witness global collapse by 2030. It’s now or never.
Earlier this week, the World Bank published a new report called “Turn Down the Heat” with catastrophic figures, as to their projections, global temperatures could rise by 4°C by 2100.
As this venerable institution notes, this would have catastrophic consequences for the world’s poorest as extreme weather, decreasing crops quantities, biodiversity loss, water scarcity and rising sea levels will hit them the most.
This leads the World Bank’s President to state that ” We will never end poverty if we don’t tackle climate change. It is one of the single biggest challenges to social justice today “.
Despite all the gloom and doom of current events, there are reasons to celebrate, and to hope as the Montreal Protocol turned 25. This was at the time – and it still is – a huge success on environmental and climate issues. Indeed, the World Bank noted that ” The Montreal Protocol, by controlling the consumption … Read more
With over 1,300 articles published here so far, it is sometimes hard to keep up with old topics. So for today’s post I would like to present you an update of the Great green wall of Africa
Back to 2010 I was writing that several African countries are willing to stop the Sahara desert to keep its southward expansion by planting millions of trees on almost 8,000 km (4,300 miles)
It seems the project is gaining speed as it received almost two billion dollars from the World Bank and as Senegal already planted more than 20,000 hectares (50,000 acres)
I was really thinking about if I should share the latest World Bank prospects with you. To this most venerable agency, economic growth is due to be nearly flat lining globally this year. With less money for the traditional economy, isn’t it time to embrace sustainable alternatives ? Energy efficiency and renewables are growing faster … Read more
To the New York Times : “Annual monetary losses for natural disasters are expected to rise to $185 billion worldwide by the end of the century, even without factoring in the anticipated negative impacts of climate change.”
” With climate change included, the global annual losses could increase by anywhere from $28 billion to $68 billion. But governments can drastically reduce these losses and rising mortality rates (…)”
This report from the United Nations and the World Bank shows once again that acting now on protecting the environment would enable us to protect ourselves. Business as usual is a dead-end…
The World Bank via its Clean Technology Fund is investing $750 million (522 million euros) in eleven concentrating solar plants in the Middle East and North Africa region. This is due to spur additional investments worth $4.85 billion.
These projects are due to add nearly a gigawatt of capacity to local grids within three to five years in Algeria, Egypt, Jordan, Morocco and Tunisia and would triple the current concentrated solar power (CSP) capacity.
I wonder if this could be a significant boost to the DESERTEC project as it is exactly about building renewable energy facilities in these countries.