Business

IMF Releases US$650 Billion ‘Shot in the Arm’ for the Global Economy

WASHINGTON, DC, August 11, 2021 (ENS) – To address the global need for financial reserves during the current two-pronged public health and resulting financial crisis, the International Monetary Fund’s Board of Governors has approved a general allocation of Special Drawing Rights, SDRs, equivalent to US$650 billion. […]

Business

U.S. Invests $60 Million to Train Clean Energy Workforce

WASHINGTON, DC, July 26, 2021 (ENS) – A total of $60 million will be going to 32 institutions of higher education located in 28 states to set up and operate regional Industrial Assessment Centers, the federal government’s Office of Energy Efficiency and Renewable Energy announced today. […]

Business

Corporate Giants Set Sustainable Mobility Goals

PARIS, France, June 6, 2021 (ENS) – Ten global business leaders have joined forces to promote sustainable mobility, and more than 250 other organizations committed to increase the sustainability of their transportation during a global summit organized by the French mobility giant Michelin. […]

Business

Tire Makers Drive Global Sustainability Goals With New Roadmap

GENEVA, Switzerland, May 26, 2021 (ENS) – Eleven of the world’s largest tire companies care about the Sustainable Development Goals, SDGs. These 17 aspirational goals were adopted by all United Nations Member States in 2015 to address some of the world’s most pressing issues by 2030. […]

Business

Toyota Builds Hydrogen-Powered City

TOKYO, Japan, April 8, 2021 (ENS) – Toyota is undertaking an enormous project – but on a small scale – a prototype city of the future on a 175-acre site at the base of Mt. Fuji in Japan. Called the Woven City, it is designed as a fully connected ecosystem powered by hydrogen fuel cells and solar, where residents get around in driverless, automated vehicles. […]

Business

Latam, Caribbean Leaders Enter Circular Economy Accord

BRIDGETOWN, Barbados, March 2, 2021 (ENS) – A new initiative to support Latin America and the Caribbean in transitioning to a circular economy is underway. The Regional Coalition on Circular Economy will support and promote access to financing by governments and the private sector, with special emphasis on small and medium enterprises. […]

methane
Business

Oil and Gas Firms Take Initiative on Methane Emissions

NEW YORK, New York, December 6, 2020 (ENS) – Major players in the oil and gas industry such as Shell, BP and Total have agreed to report emissions of the potent greenhouse gas methane with a new, much higher level of transparency. The goal is to enable the oil and gas industry to realize deep reductions in methane emissions over the next decade in a way that is transparent to civil society and governments. […]

addax
Business

French Companies Integrate Biodiversity Impact Assessment

PARIS, France, October 27, 2020 (ENS) – A tool that will allow investors to measure how their investments impact biodiversity – the diversity of plants and animals – is one step closer to completion now that a consortium of some of France’s largest investors have selected the Iceberg Data Lab based in Paris and the French environmental consulting company I Care & Consult as the developers of the tool. […]

Malpass
Business

Vulnerable Nations Receive Billions for Virus Response

WASHINGTON, DC, May 20, 2020 (ENS) – The unprecedented coronavirus crisis the world is now going through could push 60 million people in developing countries into extreme poverty, the head of the World Bank Group warned today while announcing financial assistance to 100 of the poorest and most vulnerable countries. […]

food
Business

Impact Investors Confront Coronavirus Crisis

NEW YORK, New York, May 18, 2020 (ENS) – A new coalition of impact investors has come together to bring their formidable entrepreneurial skills to bear on the novel coronavirus and the deadly disease it causes, COVID-19. The coalition aims to help communities around the world weather this crisis and emerge with a renewed commitment to building a more inclusive and resilient system over the long-term. […]

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Business

Tips for Virus-Free Payment Transactions

PRINCETON JUNCTION, New Jersey, March 31, 2020 (ENS) – The highly contagious, deadly novel coronavirus and the disease it causes, COVID-19, is spreading around the world in a global pandemic, raising everyone’s awareness of the need to avoid contact with frequently touched public surfaces. Still, people must buy things – groceries, medicine, gas – and pay for these items with cards inserted in payment terminals. How can consumers buy what they need without getting sick? […]

Toronto
Business

Private Sector Trusted to Share Virus Messaging Load

CHICAGO, Illinois, March 19, 2020 (ENS) – “These last few weeks we have all lived the consequences of low trust in government and media. We have observed that large groups of people have ignored critical health guidance, in part because they doubted the veracity of available information or because they relied on disinformation,” says Richard Edelman, CEO of the American public relations and marketing consultancy Edelman. […]

turbines
Business

Philips Aims to Become Carbon Neutral This Year

AMSTERDAM, The Netherlands, February 25, 2020 (ENS) – With its U.S. and Dutch facilities now 100 percent-powered by renewable electricity, the multinational health technology company Philips is closer to its goal of becoming carbon-neutral in its own operations this year. […]

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Business

Green v Black: Greenpeace Protests BlackRock’s Coal Funding

FRANKFURT, Germany, February 4, 2020 (ENS) – Greenpeace Germany supporters protested at global investment firm BlackRock’s German headquarters Monday, to tell the firm to stop investing in coal and financing climate change as the majority shareholder of Siemens, a telecommunications provider for the Adani coal mine in Australia. […]

tankers
Business

The Twin Threats Facing Big Oil

LONDON, UK, January 25, 2020 (ENS) – The global oil and gas industry is facing the twin threats of the loss of profitability and the loss of social acceptability as the climate crisis continues to worsen. The industry is not adequately responding to either of those threats, according to a new report from the International Energy Agency, IEA. […]

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Business

Trump, Thunberg Clash at World Economic Forum

DAVOS, Switzerland, January 21, 2020 (ENS) – After a year of floods and droughts, when wildfires devastated Australia and the Amazon, and Swedish teen climate activist Greta Thunberg was named Time magazine’s Person of the Year, the latest World Economic Forum’s annual Global Risks Report finds for the first time that environmental issues dominate leaders’ concerns for the future. […]

wind turbines
Business

World Economic Forum 2020 Aims for Sustainability

DAVOS-KLOSTERS, Switzerland, January 12, 2020 (ENS) – This year’s annual meeting of the World Economic Forum will call on corporations to raise their ambitions for climate action under the theme Stakeholders for a Cohesive and Sustainable World. The meeting’s 50th edition, opening January 21 for four days, will bring together over 3,000 participants from throughout the world. […]

solar tower
Business

European Investment Bank to Stop Financing Fossil Fuels

KIRCHBERG, Luxembourg, November 19, 2019 (ENS) – The European Investment Bank will end financing for fossil fuel energy projects from the end of 2021, bank officials have announced. Future financing from the world’s largest international public lending institution will accelerate clean energy innovation, energy efficiency, and renewables. […]

falls
Business

Total Sued Under France’s New Duty of Vigilance Law

PARIS, France, October 23, 2019 (ENS) – Today six environmental groups in France and Uganda, led by Friends of the Earth, are taking the French multinational energy company Total to court for its failure to elaborate and implement its human rights and environmental vigilance plan in Uganda. This is the first legal action under the 2017 French Duty of Vigilance law, which aims to address corporate negligence. […]

Muhammad-Bande
Business

Leaders Pledge Decade of Action for Sustainable Goals

NEW YORK, New York, September 28, 2019 (ENS) – The first UN summit on the progress of the 2030 Agenda for Sustainable Development closed on a hopeful note Thursday, with Deputy Secretary-General Amina Mohammed declaring success in the “spoken word, the voice of youth, the commitment of civil society, the power of an active citizenry and the leadership of our governments.” […]