South African firm, Sun Exchange, uncovered plans to expand its focus to reach various African countries in an ambitious project of crowd-sourced funding of solar panels and leasing them to customers. Supported by African Rainbow Capital Investments Ltd. – a group part-owned by billionaire Patrice Motsepe – Sun Exchange managed to raise $1.4 million funding […]
Impact
In the past, Microsoft has built strong environmental, social, and governance policies around itself, and now with the latest Activision Blizzard acquisition news, the Big Tech giant could be facing years of work to bring the gaming titan in alignment with its sustainability policies. The Big Tech giant is already setting in motion plans to […]
After COVID-19 pandemic took over, the world was never the same, and the same goes for the existential dilemma the world is facing when it comes to greenhouse gas emissions; despite President Joe Biden’s climate pledges, the U.S. is drifting from reaching its climate goals. A preliminary analysis by research firm, Rhodium Group, uncovered that the world’s largest […]
In a major step to fight climate change, the Biden administration is raising vehicle mileage standards to significantly reduce emissions of planet-warming greenhouse gases, reversing a Trump-era rollback that loosened fuel efficiency standards. A final rule issued Monday would raise mileage standards starting in the 2023 model year, reaching a projected industry-wide target of 40 […]
E-commerce giant Alibaba eased its financial backers during its annual Investors’ Day on Friday as the company maintained its rise and is seeking to explore operational environmental sustainability goals by 2030. Over the past year, the Chinese titan has been fighting off a bundle of challenges directed at it, be it regulatory or in-house challenges, […]
New York City lawmakers are poised to decide Wednesday whether to prohibit most new buildings from using natural gas, a move that would make the nation’s most populous city a showcase for a climate-change-fighting policy that has been both embraced and blocked around the country. The measure is expected to pass the City Council and […]
Germany’s new government said Monday it is extending the country’s current incentive payments for buyers of electric and hybrid cars for a year but then plans to impose tougher requirements for vehicles to qualify for the support. The economy and climate ministry that was set up when Germany’s new government took office last week said […]
General Motors and a joint-venture partner plan to build an electric vehicle battery factory in Lansing, Michigan, their third such factory in the U.S. The companies’ plans were revealed Friday in documents posted on the city’s website. They say the plant would cost up to $2.5 billion and employ as many as 1,700 workers. The […]
General Motors has taken two more steps to make sure it has the raw materials for the transition from petroleum to battery power, this time lining up magnets for electric vehicle motors. On Thursday the company said it has a deal with MP Materials to supply rare earth metals and finished magnets for the motors […]
Wind and solar power could meet around 85 percent of U.S. electricity needs, with batteries, capacity overbuilding and other storage options that could increase that figure, according to a paper published earlier on Monday in Nature Communications. In an effort to meet most of the current energy demand in “developed, industrialized countries,” the combination of […]