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World Bank Group president Jim Yong Kim at One Planet Summmit: "We're working with partners to put the right policies in place, get market forces moving in the right direction, put money on the table, and accelerate climate action." World Bank / Twitter

One Planet Summit: World Bank to Stop Financing Oil, Gas Projects

In effort to bolster a global shift to clean energy, the World Bank—which provides financial, advisory and technical support to developing countries—announced it will “no longer finance upstream oil and gas, after 2019."

The announcement was made Tuesday at the international One Planet climate summit called by French President Emmanuel Macron, President of the World Bank Group Jim Yong Kim, and United Nations Secretary-General António Guterres.

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Renewable Energy
China's new 150-megawatt floating solar farm will eclipse Sungrow Power Supply's 40-megawatt floating farm pictured here. Sungrow Power Supply

China Building Second Enormous Floating Solar Farm on Top of Defunct Coal Mine

An old coal mine is being reborn as an enormous renewable energy plant.

The state-run energy company China Three Gorges New Energy Co. is building a 150-megawatt floating solar farm that sits on top of a lake that formed from a collapsed coal mine in the eastern Chinese city of Huainan, Bloomberg reported.

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Climate
Julia Olson (center) and young plaintiffs. Robin Loznak

Historic Youth Climate Lawsuit Poised to Advance

A landmark climate change lawsuit brought by a group of children appears poised to move forward after a Monday hearing at a federal appeals court, despite the Trump administration's efforts to dismiss the case.

Juliana v. United States was filed in 2015 on behalf of 21 young plaintiffs who argue that their constitutional and public trust rights are being violated by the government's creation of climate danger.

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Popular

Judge Stops Walmart Shopping Center From Being Built on Endangered Florida Forest

Environmentalists cheered after a Miami district court judge issued an emergency injunction on Friday to stop bulldozers from razing a stretch of endangered pine rocklands—one of the world's rarest forests, and home to species found nowhere else on Earth—to make way for a Walmart shopping center near Zoo Miami and Everglades National Park.

Judge Ursula Ungaro's decision was made only hours after the Center for Biological Diversity, Tropical Audubon Society, Miami Pine Rocklands Coalition and South Florida Wildlands Association sued the Trump administration for approving the proposed Coral Reef Commons.

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Climate

France Awards U.S. Climate Scientists Multi-Year Grants to #MakeOurPlanetGreatAgain

French President Emmanuel Macron will announce the first recipients of the "Make Our Planet Great Again" grants Monday evening.

The winners will receive all-expenses-paid grants to relocate to France and to conduct their climate research through the remainder of President Donald Trump's current term.

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GMO

Monsanto Giving Cash to Farmers Who Use Controversial Pesticide

Looks like Monsanto really wants farmers to use XtendiMax. The agribusiness giant is offering a cash incentive to farmers to apply a controversial pesticide linked to 3.1 million acres of crop damage in nearly two dozen heartland states, according to Reuters.

The cash-back offer comes as several states are considering restrictions on the use of the drift-prone and highly volatile chemical. DuPont Co. and BASF SE also sell dicamba-based formulations.

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Business

Underground Farm Pays Rent in Heat It Supplies to Building Above

Vertical farms have been touted as a way to feed a rapidly urbanizing world population (I've waxed poetic about them myself.) Critics of the trending technology, however, contend that these energy-intensive hubs are too costly and perhaps impractical to maintain.

Sure, the naysayers have a point, but what if vertical farms did more than just feed mouths? In Stockholm, Sweden, the Plantagon CityFarm located in the basement of the iconic DN-Skrapan building in the Kungsholmen district has a whole other purpose besides nourishing the office workers on site—the farm also recycles its heat to warm the offices above.

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Everyday Heroes and Thousands of Firefighters Step Up to SoCal Wildfires

As six large wildfires and several smaller fires burn across Southern California, firefighters, first responders and everyday Americans are stepping up—and risking their lives—to rescue fellow citizens, homes, buildings and animals from the blazes.

About 5,700 firefighters are battling the region's brushfires around the clock in intense heat and grueling conditions.

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Energy

Bitcoin Is Not Only Unaffordable, It's Also a Massive Energy Hog

Bitcoin's insane price hike to more than $15,000 on Thursday has left me thinking one thing: I'll never be able to afford these things, so why should I care?

But while bitcoin-money lines the pockets of early investors and digital currency speculators, the rest of the planet is suffering. As it turns out, bitcoin is sucking up a whole lot of energy.

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