The World Bank has decided to support the climate pledges made in the Paris Agreement and take radical steps to decarbonise the world by halting funding for fossil fuel industries after 2019.
This is a significant gesture that will not only help in the mitigation process to limit global warming to 2°C by the end of the century, it also gives a green light for more investment in renewable energy around the world. It might be the breakthrough we have been waiting for as it presents big opportunities to develop promising clean technologies that have suffered from a lack of investment.
This will hopefully mean an acceleration of renewable energy projects around the globe, and the creation of many new job opportunities for communities that desperately need them. Furthermore, we will all be able to enjoy such benefits as decreased levels of pollution, cleaner air, and a healthier climate!
Another benefit of this decision is that it could help exciting new technologies become available for everyday use, such as solar panel-integrated windows or efficient energy storage systems.
We must remember that fazing out fossil fuels will not happen overnight. Polluting power stations will continue to operate for as long as they are financially viable and as long as they are supported by tax-breaks and subsidies from governments.
However, the fact that action is being taken by the World Bank, a major influential institution, brings hope that change is coming. This announcement not only sends a clear message that the days are numbered for the fossil fuel industry, but it simultaneously encourages governments and other institutions to follow suit.
Gyorgy Dallos, Greenpeace International climate campaigner, told The Guardian:
“The world’s financial institutions now need to take note and decide whether their financing is going to be part of the problem or the solution.” (2017, 12th Dec)
While there is still uncertainty ahead and a need to keep up the pressure, this news is a positive step and brings fresh wind into the energy sector. Please support BHESCo in creating our clean energy future by becoming a member.
30 Mar 2015
Everyone will get an opportunity for their question to be asked, questions will be submitted before the event.
Through this event, we aim to:
– Encourage young people/first time voters to engage
– Gain a better understanding of the l…ocal candidates stance on environmental issues
– Encourage lively debate and awareness of the issues
– Give you an opportunity to question your potential MP’s
The event is sponsored by Community Energy South – a new umbrella group for local community energy groups across Sussex and surrounding counties.
Ticket Prices : £5 and concession £3
Doors and bar open: 7.00pm
Deadline for submitting questions: 7.30pm
Debate starts: 8.00pm (prompt – please be in your seats!)
Companies now have the details they need to apply for licences which will enable them to start exploring for shale gas across the UK. Whilst this is only the first step and further drilling requires planning permission, permits from the Environment Agency and sign-off from the Health and Safety Executive, this action highlights the lack of commitment to exploring renewable, clean energy in the UK.
There has also been guidance released for Areas of Outstanding Natural Beauty, World Heritage Sites, National Parks and the Broads, which state that if exploration in these areas is rejected by local authorities, the Communities minister will automatically review and can overturn the decision.
This is not the way towards a stable energy market, with lower prices for consumers. There is a multitude of risks to fracking: methane contamination of drinking water; accidental spillages of fracking fluid contaminating waterways; minor earthquakes and landslides; problems disposing of contaminated fracking fluid; and noise, disruption and local air pollution from lorries and rig operations.
This is why we need to put pressure on the Government to champion clean, renewable energy sources and not those that impact our environment, health and the global climate.
Follow the link to sign Greenpeace’s petition:
Cost: Tickets cost £5 on the door (£3 concessions).
Time: Drinks & informal networking at 19.00. Talk runs from 19.30-21.00. Time for further networking afterwards.
Location: Brighthelm Centre, North Road, Brighton BN1 1YD.
Refreshments: Delicious free snacks and nibbles.
If you wish to attend, please reserve a place via the Community Energy South events webpage’s.