Banking giant Lloyd’s of London to divest from coal over climate change
Lloyd’s of London, the world’s oldest insurance market, has become the latest financial firm to announce that it plans to stop investing in coal companies.
Europe
World’s first electric container barges to sail from European ports this summer
Dubbed the ‘Tesla of the canals’, the unmanned vessels will operate on Dutch and Belgian waterways, vastly reducing diesel vehicles and emissions
New data shows solar energy creates more jobs in United States than any other industry
According to the census, solar energy adds jobs 17 times faster than the overall economy in the United States.
Iceland supermarket vows to eliminate plastic on all own-branded products
Iceland supermarket vows to eliminate plastic on all own-branded products
France sets out ten-point plan to double wind power capacity by 2023
The government said the proposed reforms will cut in half the average time it takes for wind power projects to be completed and connected to the French electricity grid.
Norway is aiming for all of its short flights to be electric by 2040
Norway is a leading force in broad adoption electric vehicles. In its latest move, the country has pledged to make all of its short-haul flights electric by 2040.
Britain now generates twice as much electricity from wind as coal
Just six years ago, more than 40% of Britain’s electricity was generated by burning coal. Today, that figure is just 7%.
European Investment Bank invests $150m to fund renewable energy projects in Peru
Expected to be operational in the first half of next year, the two projects will have a combined installed capacity of 312MW.
U.K. bans plastic microbeads in effort to protect marine life
Manufacturing ban means the tiny beads which harm marine life can no longer be used in cosmetics and personal care products
A record majority of Norway’s new cars are now electric or hybrid
Norway crossed an electric vehicle milestone in 2017, with more than half of its new vehicle registrations coming from electric vehicles. The country has a plan to phase out new gas-powered cars by 2040.