Broad coalition of cities and banks pledge billions to curb carbon emissions

authordefault
on

Loans and interest would be repaid with savings accrued through reduced energy costs, organizers of the initiative said at a news conference in Manhattan. Typically, such upgrades can cut energy use and costs by 20 percent to 50 percent, theyย said.

Many scientists consider more efficient use of energy the best starting point for addressing global warming because there is a potential immediate financial reward along with the long-term environmental benefit. Energy use in buildings accounts for about a third of global releases of heat-trapping gases like carbon dioxide. In densely populated older cities like New York and London, buildings are the dominant source of theย gases.

Mayor Bloomberg said retrofitting existing buildings was vital because they would make up 85 percent of the buildings that will stand in New York in 2030. Banks and corporations appeared to be grasping the importance of considering long-term environmental risks when making investments, heย added.

In addition to New York and London, participating cities include Bangkok; Berlin; Chicago; Houston; Johannesburg; Karachi, Pakistan; Melbourne, Australia; Mexico City; Mumbai, India; Rome; Sรฃo Paulo, Brazil; Seoul, South Korea; Tokyo; andย Toronto.

authordefault
Admin's short bio, lorem ipsum dolor sit amet consectetur adipisicing elit. Voluptate maxime officiis sed aliquam! Lorem ipsum dolor sit amet consectetur adipisicing elit.

Related Posts

on

Former Canadian Gas Association lobbyist part of Poilievreโ€™s inner circle.

Former Canadian Gas Association lobbyist part of Poilievreโ€™s inner circle.
on

Reform UK treasurer Nick Candy has been attempting to extract cash from fossil fuel executives.

Reform UK treasurer Nick Candy has been attempting to extract cash from fossil fuel executives.
on

Bob Zimmerโ€™s praise for Trump used to raise eyebrows locally. Now heโ€™s trying to distance himself from a second MAGA administration.

Bob Zimmerโ€™s praise for Trump used to raise eyebrows locally. Now heโ€™s trying to distance himself from a second MAGA administration.
Analysis
on

Concerned Canadians should take note of all the Conservative leaderโ€™s MAGA endorsements and vote accordingly.

Concerned Canadians should take note of all the Conservative leaderโ€™s MAGA endorsements and vote accordingly.