Space Industry and Business News  
OIL AND GAS
Banks a 'pipeline' to low-carbon future
by Daniel J. Graeber
Manila (UPI) Aug 9, 2016


disclaimer: image is for illustration purposes only

Contributions from multilateral lending facilities are the "pipeline" to a global low-carbon future, an official at the Asian Development Bank said.

A joint report from the ADB and its regional and international counterparts found finance geared toward efforts to abate the impacts of climate change totaled $81 billion last year. Funding efforts have moved toward projects ranging from renewable energy resources to climate-resilient land and water resource management.

"Multilateral development banks will play a central role in generating the pipelines of quality climate action projects needed to deliver the goals of the Paris Agreement," Bambang Susantono, the ADB's vice-president for sustainable development, said in a statement.

An agreement signed by 195 national leaders in Paris last year called for all parties to make strides to reduce greenhouse gas emissions to a level necessary to curb global warming to less than 2 degrees Celsius by the end of the century.

Under the terms of the agreement, wealthier nations are expected to help finance the shift to a low-carbon economy from poor, developing nations. The ADB, for its part, said it aims to double its financial support for climate initiatives to around $6 billion by 2020.

Clean energy from members of the Organization of Economic Cooperation and Development made up 22 percent of all the power output from its members in 2014, the highest level since 1975.

A separate report from the International Energy Agency said fossil fuels accounted for 81 percent of total global energy production in 2014, down about 0.4 percent from the previous year. Combined, wind and solar power accounted for about 1 percent of the total global output, but both sectors experienced their fastest rate of growth on record.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
OIL AND GAS
Chevron wins key US appeal in Ecuador pollution case
New York (AFP) Aug 8, 2016
Chevron scored a win Monday in US appeals court, blocking enforcement of a $9.5 billion judgment in Ecuador against the US oil giant over pollution in the South American country. A three-judge panel of the US appeals court in New York upheld a 2014 ruling by a US District Court that discarded the Ecuador ruling on pollution in the Amazon jungle on the grounds that it was fraudulently obtain ... read more


OIL AND GAS
Hot 'new' material found to exist in nature

Flexible building blocks of the future

A mini-antenna for the data processing of tomorrow

New metamaterials can change properties with a flick of a light-switch

OIL AND GAS
L-3 Communications gets $216 million U.S. Army aircraft contract modification

Raytheon developing next-gen airborne communications

Rethinking the Space Environment in a Globalized World

What Industry Can Teach the DoD About Innovation

OIL AND GAS
Russia Postpones Launch of Proton Rocket With US Satellite Until October 10

The rise of commercial spaceports

India earned Rs 230 crore through satellite launch services in FY16

US Plan to Diversify Expendable Space Launch Vehicles Being Questioned

OIL AND GAS
GPS jamming: Keeping ships on the 'strait' and narrow

China's satnav industry grows 29 pct in 2015

Twinkle, Twinkle, GPS

Like humans, lowly cockroach uses a GPS to get around, scientists find

OIL AND GAS
Amazon 'Prime' plane takes flight

MH370 plunged into ocean at high speed: report

Malaysia says MH370 pilot flew Indian Ocean route on simulator

China's Hainan Airlines buys stake in Brazil's Azul

OIL AND GAS
Next generation of memory chips could be 1,000 times faster

Integration of novel materials with silicon chips makes new 'smart' devices possible

Russian physicists discover a new approach for building quantum computers

Hybrid Computers Set to Shine

OIL AND GAS
Study provides a new method to measure the energy of a lightning strike

Migration, hunting patterns of Caspian seals tracked by satellite

Collecting Fingerprints in the Sky

ISRO to use radar imaging satellite to locate missing IAF plane

OIL AND GAS
Philippines' Duterte turns screws on mining

In Chesapeake Bay, clean air and water are a package deal

China firm fined for pollution in landmark case

Olympic sailors to get garbage-free waters - maybe









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.