More than 680 gigawatts (GW) of new wind power is expected to come online around the globe in the next decade, more than doubling current capacity, according to new research from Wood Mackenzie Power & Renewables.
The MDBs’ commitment goes beyond specific MDBs’ 2020 and 2030 climate finance targets, and builds on their ongoing contribution to climate finance, which amounted to US$35 billion in developing and emerging economies in 2017.
According to reports from law enforcement agencies, drug traffickers on the dark web have voluntarily stopped trading fentanyl, a deadly opioid that can be up to 100 times stronger than heroin.
In 2018, 42% of the world’s coal-fired power stations are running at a loss and by 2030, in virtually every case (96%) it will be cheaper to build new renewable energy capacity than to keep coal plants running, according to a new study.
The World Bank said the move represented a significantly ramped up ambition to tackle climate change, sending an important signal to the wider global community to do the same.
A new report has highlighted the rising importance of developing nations in driving clean energy worldwide, and finds they are seizing the mantle of global clean energy leadership from wealthier nations.
Some 250 big organisations have now pledged to eradicate plastic waste by 2025, including Coca Cola, H&M and L’Oreal, up from 40 in April.
Figures reveal that more than 14,800 renewable energy patents were filed worldwide in 2017 a 43 per cent rise on the 10,500 in the previous year.
The World Bank committed $1 billion to finance battery-storage systems in developing countries, and expects its participation to attract another $4 billion in backing.
The Social Progress Index measures 51 social and environmental indicators to create a clearer picture of what life is really like for everyday people.