So-called green bonds have become more popular in recent years, and this fast-growing segment of the $128.3 trillion global bond market could grow even more. When an issuer sells a green bond, they’re making a nonbinding commitment to earmark the sale’s proceeds for environmentally friendly projects. That could include renewable energy projects, constructing energy efficient buildings or making investments in clean water or transportation. Green bonds fall under the wider umbrella of sustainable bonds, which include fixed-income instruments whose proceeds are set aside for social or sustainability projects. Big household names such as Apple and PepsiCo are diving into this space. A handful of massive banks and governments around the world are also issuing sustainable bonds, including China, Russia and the European Union. This may be contributing to the space’s rapid growth. A report from Moody’s said new sustainable bond issuance may top $650 billion in 2021. That would represent a 32% jump from 2020.
In 2019, Cyclone Idai devastated Mozambique’s port city of Beira. Many died and entire neighborhoods were flooded. The city is now setting up large green areas designed to absorb future floodwaters. But entire fishing communities need to relocate.
A fleet of unmanned surface vehicles equipped with AI and a suite of scientific sensors are currently mapping the ocean floor, counting fish populations and monitoring ocean and weather conditions all over the planet in the fight against climate change. CNET’s Stephen Beacham spoke with Saildrone Inc. Vice President of Ocean Mapping Brian Connon to learn more about Saildrone’s mission. Read the CNET Article: Autonomous Saildrones are the newest weapon in fighting climate change https://cnet.co/2RwaJaq
Energy usage by large, old buildings like the Empire State Building represents a huge obstacle to cities’ dreams of carbon neutrality. New York City’s buildings account for 70% of its carbon emissions, for example, and half of those emissions are produced by the largest 5% of its structures. But retrofitting old buildings to make them more energy efficient represents a formidable challenge, both from an engineering perspective and in terms of convincing owners that doing so is in their financial interest.
Miles below the Earth’s surface, there’s enough thermal energy to power all of humanity for the foreseeable future. It’s called geothermal energy, and it’s poised to play an increasingly large role as a source of always available, renewable power. Now, there are a number of startups in the geothermal space, working to figure out how to access this heat in difficult to reach geographies, at a price point that makes sense. And it’s even gotten the attention of oil and gas industry giants, who are interested in greening their portfolios while sticking to their core competencies – extracting energy resources from deep within the Earth.
With global temperatures rising the threat of a climate crisis has never been closer. From carbon capture to driverless cars, these cutting-edge technologies have the promise to help us fight the impending climate crisis.
President Joe Biden laid out ambitious emissions targets yesterday, but in order to be taken seriously on climate change, America has some reputation rebuilding to do.
Researchers are starting to understand why online meetings are so exhausting—and are pinpointing the up sides of work lives lived increasingly online. And the waning influence of awards shows such as this Sunday’s Oscars.