The Bank of France, which manages 22 billion euros, will no longer invest in companies that generate more than 2 percent of their revenues from coal by the end of 2021 and will drop this threshold to zero percent by 2024.
Country: France
Vegan restaurant is awarded Michelin Star for first time
The restaurant is in southwestern France and was started by chef Claire Vallée, a 41-year-old former archeologist who became a vegan after a trip to Thailand.
Africa’s Great Green Wall effort gets $14 billion cash injection
The Great Green Wall project seeks to restore a massive strip of desert stretching 5,000 miles from the Atlantic to the Red Sea by planting trees and grasslands.
France to become the first country to label electronics with repairability tags
France is reported to begin rolling out ‘repairability tags’ on devices from January 2021, with some other European countries following suit after that.
The world’s biggest insect factory farm is under construction in France
In a bid to lower the carbon footprint of the agricultural sector, a French insect farming startup by the name of Ÿnsect is building the world’s largest insect farm in Amiens, a small city north of Paris.
Engie halts its commitment to long-term $7 billion liquefied natural gas import contract
This is being done under pressure from the French government, which holds a 23.6% stake in Engie. The delay was driven in large part by concerns over the greenhouse gas (GHG) emissions of US gas production, particularly from the Permian Basin, which will feed NextDecade’s proposed Rio Grande LNG export plant in Texas.
Airbus unveils world’s first zero-emission commercial aircrafts
Collectively dubbed ZEROe, the climate-neutral, zero-emission concepts are designed to carry maximum passenger loads between 100 and 200 people for flights that range from short-haul trips to transcontinental journeys. Airbus’ hydrogen-powered commercial aircrafts could enter service as early as 2035.
“World’s fastest electrodes” triple the density of lithium batteries
Such an energy and power density boost could be revolutionary for electric cars, motorcycles, bikes, and other emerging ground transport modes, as well as a huge potential leap forward for the electric aviation space.
Renewables are the only major power source to grow in 2020
In its annual World Energy Outlook, the International Energy Agency (IEA) reported that renewables are expected to overtake coal as the primary means of producing electricity by 2025.
Solar power is now ‘cheapest electricity in history’
The world’s best solar power schemes now offer the “cheapest…electricity in history” with the technology cheaper than coal and gas in most major countries, according to the International Energy Agency’s World Energy Outlook 2020.