President Obama and Prime Minister Justin Trudeau of Canada made an historic announcement yesterday regarding methane regulation. The two countries have agreed to reduce methane pollution from their oil and gas industry by 40-45 percent over the next 10 years. For the United States, an important outcome is that the US EPA will begin developing regulations for methane emissions from existing […]
The Paris Accord: A Major Step Forward for International Cooperation on Climate. Not Enough, On Its Own, to Address Climate Crisis
The Paris Accord: A Major Step Forward for International Cooperation on Climate. Not Enough, On Its Own, to Address Climate Crisis. Yet, in many ways the deal does not go far enough. The key goals of limiting temperature change are aspirational and not legally binding.
The shift away from fossil fuels and towards renewable energy continues. Last week Citigroup, the parent company of Citibank, committed to cut financing for coal mining. In the same week, one of Australia’s biggest banks – ANZ – pledged not to finance traditional coal mining projects and to provide at least $10bn in funding for renewable energy, reforestation and energy […]
Solar Energy Is on the Rise! The solar energy industry in the United States is exploding! According to the Solar Energy Industry Association (SEIA), the number of solar installations grew by 34% in 2014. Residential installations accounted for a large part of that growth, increasing by 51% from 2013 to 2014. 2015 is growing at even higher rates. SEIA’s […]
By Kegan Gerard In the few short weeks following the launch of our Amazon: Build a Cleaner Cloud campaign, two huge renewable energy investments have been announced from the company. In June, Amazon Web Services (AWS) announced that it planned to the development of an 80 megawatt (MW) solar facility in Virginia, calling it Amazon Solar Farm US East. Then […]
How Obama’s new plan to cut carbon emissions represents an important step in cutting energy costs and pollution while saving lives While groups on both sides of the aisle criticize the plan — some saying it does too little and others opposing the principle entirely — it’s going to boost the green economy, save lives, and cut costs. If the […]
Low-income communities in America are disproportionately affected by climate change, yet seldom have the resources to help finance solutions to beneficial changes.
When it comes to clean, renewable energy, the language can get confusing. In the tradition of Salt-N-Pepa, here I will attempt to break things down. Without further ado, let’s talk about RECs, baby! By Kegan Gerard Investing in renewables makes sense. From an economic standpoint, Bloomberg is now forecasting that wind energy will become the cheapest new energy globally by 2026, […]
Amazon’s web services hold the company back, despite its attempts to promote the innovations of others. By Kegan Gerard Amazon Web Services (AWS) announced its second City on a Cloud Innovation Challenge today, but key changes must be made within the company before it can truly lead the innovation charge. The City on a Cloud program, designed to recognize local […]
The 2015 State of Green Business report was just released, detailing the environmental performance of large companies around the world. The report, produced by GreenBiz and TruCost, illustrates the true costs of pollution, ecosystem depletion, and health impacts of unsustainable natural capital consumption by corporations and the alarming rate at which they are growing. According to the report, environmental costs, like greenhouse gas emissions and water abstraction (removing freshwater from the natural water cycle, and thus preventing its future use), would render most businesses unprofitable if they were responsible for paying for the impacts. The report found that environmental costs tallied up to $1 trillion (or 6.2% of GDP) for companies in the US, and $3 trillion worldwide. The authors state, “Over the past five years, the proportion of company profit at risk consistently exceeds 100 percent of their profit… This means that, on average, companies would be unprofitable if they had to pay the actual costs associated with the commodities they consume and pollution they generate.” It’s not all bad news, however. The report finds that the level of sustainable investment has been growing considerably in recent years. According the 2014 Trends Report published last November by US SIF: The Forum for Sustainable and Responsible Investment, cited in GreenBiz’s report, sustainable assets totaling $6.57 trillion represented almost 18% of the $36.8 trillion in total assets under management, a 76% increase over 2012. Social investors, joined by non-profits and growing consumer […]