As part of its most recent World Economic Outlook, the International Monetary Fund (IMF) has said the transition to electric vehicles will have “far-reaching” effects on production, investment, global trade and employment. The new analysis was released in tandem with annual meetings of the World Bank and IMF this week, where efforts to finance the […]
China’s CRRC Corporation Limited (CRRC) has developed the “most powerful” floating offshore wind turbine in the world, according to state news agency Xinhua. The turbine was produced in Yancheng city in Jiangsu Province and has a 20-megawatt (MW) generating capacity. The massive turbine has the ability to generate 62 million kilowatt hours of power annually, […]
Ten of Spain’s top fashion companies — like the owner of Zara, Inditex; H&M; IKEA; Decathlon; and Primark — will begin collecting discarded clothing beginning in April of 2025 as part of a year-long trial to manage textile waste, reported Reuters. Re-viste, the project’s organizer, said shoes, clothing and other textiles will be separated from […]
More than 100 senior executives and CEOs from the World Economic Forum’s Alliance of CEO Climate Leaders have shared an open letter addressed to global leaders ahead of the United Nations COP29 Climate Change Conference in Baku, Azerbaijan. Among the 112 company heads were chairs and CEOs of IKEA, Volvo Cars and AstraZeneca, who pushed […]
Oil major BP has scrapped its goal of reducing oil and gas production by the end of the decade, angering environmental groups who say the company is prioritizing profits over the planet. According to three sources who have knowledge on the matter, BP CEO Murray Auchincloss scaled back the company’s energy transition plans in order […]
In March of 1979, Pennsylvania’s Three Mile Island nuclear plant — which was powered by two pressurized light-water reactors — experienced a cooling malfunction that caused part of the core of the second reactor to melt, releasing radioactive material into the environment. Constellation Energy has plans to reopen Three Mile Island, and Microsoft has agreed […]
California Attorney General Rob Bonta has announced that the state has filed a lawsuit against oil major ExxonMobil for its alleged engagement in “a decades-long campaign of deception,” which led to and exacerbated the worldwide plastics pollution crisis, a press release from the California Department of Justice said. The complaint, filed in San Francisco County […]
Elite universities in the United States — which conduct important climate research — are raking in millions from fossil fuel interests, potentially creating conflicts of interest. This is according to a collection of new reports compiled by student organizers and released by the student-led Campus Climate Network, as The Guardian reported. “Universities globally are often […]
A new report by Earth Track has found that the world is spending a minimum of $2.6 trillion annually on subsidies that destroy the environment and fuel global heating. One of the biggest achievements of the 2022 COP15 Convention on Biodiversity was the passage of the Kunming-Montreal Global Biodiversity Framework (GBF), which has a target […]
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