President of the European Investment Bank Werner Hoyer holds a press conference in Brussels, Belgium on Jan. 30, 2020. Dursun Aydemir / Anadolu Agency via Getty Images By Jon Queally Noted author and 350.org co-founder Bill McKibben was among the first to celebrate word that the president of the European Investment Bank on Wednesday openly declared, "To put it mildly, gas is over" — an admission that squares with what climate experts and economists have been saying for years if not decades . Dr. Werner Hoyer, president of the EIB — the investment bank publicly owned by the European Union’s member states — made the comments while presenting a review of the institution’s 2020 operations at a press conference in Luxembourg. Calling a future break with fracked gas "a serious departure from the past," Hoer added that "without the end to the use of unabated fossil fuels, we will not be able to reach the climate targets" to which the EU states — and therefore the bank — have committed. McKibben and others responded to the comments as the most recent promising signal that the financial world is catching up with the climate science that demands a rapid and […]
Latest Articles
University of Michigan Reveals “Aevum” Solar Racecar
Takeaways: Solar car racing isn't like regular car races, whereby the cars are powered only by the sun.
The World Solar Challenge requires that...
In the North Cascades, the Canada Lynx Makes a Comeback
Takeaways: In 2000, the Colville Tribes in British Columbia launched a long-planned reintroduction on their reservation to protect the Canadian lynx.
Six lynx have...
Why Small Cooperatives in Portugal Produce Solar Energy
Takeaways: Coopernico is a small energy cooperative in Portugual that build solar power plants that supply institutions and put surplus electricity back into the...
Our Waste is Valuable: How One Company is Creating a Circular Economy for Plastics
Takeaways: Carbios has developed a PET plastics bio recycling plant that recycles plastic into raw material.
The company has also developed a way to...
Behind Panasonic’s Commitment to Sustainable Change Across the Globe
Takeaways: Panasonic has converted a factory in Osaka, Japan, into a Sustainable Smart Town.
This Smart Town features solar arrays, energy solar batteries and...
Undergraduate Students Develop Glow-in-the-Dark Concrete
Takeaways: Students from the America University in Cairo have developed glow-in-the-dark concrete.
This concrete would help cut down on power used for street lighting...