As major cities around the world make pledges to abandon fossil fuels, C40 Cities, have launched the C40 Divest/Invest Forum, a first-of-its-kind initiative to help urban leaders to accelerate green investment.
Costa Rica would start carrying out a plan to stop the use of fossil fuels in transportation by 2021. The country generates over 99 percent of its electricity via renewable sources.
Last year, the world invested more in solar power than in all fossil-fuel sources combined. “We are at a turning point … from fossil fuels to the renewable world,” UN Environment head Erik Solheim told.
“Unless we make decisions today that will essentially take effect in 30 or more years’ time, we run the risk of acting too late and causing abrupt shocks to communities and our country,” said NZ Prime Minister.
The Scandinavian powerhouse aims to completely eliminate coal dependency by 2029, one year ahead of its previous goal of 2030, environment minister said Tuesday.
Another country joins the ranks of the Powering Past Coal Alliance.
Due to rising concerns surrounding air pollution-related deaths, China is trying to invest more heavily in renewable energy projects.
Chile currently gets between 35-40% of its electricity from coal but the the country's environment minister has just hailed "the beginning of the end of coal".
This US state already has ambitious plans to get 1.5 million zero-emission cars on its roads by 2025.
The small Central America nation of Belize has decided to indefinitely end all new oil exploration in its waters.
Royal Dutch Shell decided to buy Europe's largest electric vehicle charging network. Could it be that oil is not the energy commodity of the future?
French President Emmanuel Macron took the initiative to convene the One Planet Summit. Though this summit is not a donor conference, participants pledged a host of financial commitments to fight climate change.
The World Bank group will abandon financing upstream oil and gas projects from 2019 and focus on energy transformation, as announced by World Bank Group President at the One Planet Summit in Paris, France.
Led by Britain and Canada, nations form the Power Past Coal Alliance to phase out use of the dirtiest fossil fuel — but big emitters remain absent.
Sri Lanka's government will phase out in the next eight years its fleet of diesel and petrol vehicles including buses, and move to electric or hybrid models.
