Group items tagged

Developing nations invested $37.6 billion on renewable energy development in 2015, according to the World Bank. That renewables expenditure added up to 63% of all energy infrastructure spending in such countries last year, up from a five-year average of 44% and a 10-year average of 37%.

Every year, the world produces more than two billion tons of waste - enough to fill a fleet of trash trucks to circle the world 24 times, according to sustainability project the World Counts. The World Bank estimates the yearly global cost of dealing with waste is more than $200 billion and predicts annual waste will exceed 11 million tons per day by 2100 if current trends continue.  But where does it all go? Whether it's an island built as a landfill or the outskirts of historic monuments, the world's waste is piling up with no end in sight. The following images offer an acute reminder of the seriousness of waste management and the desperate need to address it. It's simply not sustainable.

Mounting ocean health problems -- which are threatening the primary food source for more than 1 billion people -- can be fixed, but only with public and private sectors working together to a much greater extent, according to a World Bank blue ribbon panel.

Levi Strauss and the International Finance Corporation (IFC) of the World Bank launched a new program to reward garment suppliers in developing countries based on their environmental, health, safety, and labor performance. The IFC will offer better loan terms to garment manufacturers that score higher on a supplier sustainability assessment developed by Levi Strauss.

The World Bank will provide India with more than $1 billion to support its plans to increase solar power generation to 100 GW by 2022 and derive at least 40% of its energy needs from renewable sources by 2030. The Bank also announced its support of the India-led International Solar Alliance's efforts to mobilize $1 trillion in solar investments globally by 2030.

Ocean conservation finance gets boost from banks

Supermarkets in France have been banned from throwing away or spoiling unsold food by law. The stores are now required to donate unwanted food to charities and food banks.

Government agencies buy a lot of products and services. In some countries, up to 30 percent of GDP is due to government spending, according to the World Bank. What would happen if these agencies matched their sustainable development commitments to their actual spending?

The bond, launched by World Bank-backed International Finance Corporation, will fund climate smart projects.

Thirty years ago, natural disasters cost about $14 billion annually, while today that number is closer to $40 billion, a report by World Bank's Global Facility for Disaster Reduction and Recovery reveals. Experts point to climate change as one cause of increased instances of natural disasters.

"As long as you have a good message you can create a great movie," Sharp advised, reminding the audience of the power of social media to raise awareness. The young filmmaker is certain that climate change is a matter that interests and concerns youth around the world. He also explained that he filmed 'Three Seconds' in order to create a motivational video focused on the impacts of global warming.