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Nearly two-thirds of corporations worldwide will increase environmental spending this year with about half of that group expanding their budgets by double-digits.

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?

China's largest online travel agency, began selling haze travel insurance to compensate domestic tourists that spend time in major cities affected by smog. Travelers will be able to file claims if they spend at least 2 days in cities with high smog levels.

The League of Conservation Voters is spending $1 million on a TV ad campaign in support of five lawmakers with strong track records on clean-energy issues. The lawmakers, all Democrats, deserve recognition for their efforts, the group says.

On average, Americans are willing to spend 31 percent more per week on grocery food produced safely and responsibly, according to the Conscious Consumer™ Study issued Thursday by Gibbs-rbb Strategic Communications. The study also found that loyalty to trusted food brands was at stake when controversial news regarding environmental, labor, animal or safety violations emerges from their supply chains.

President Obama's budget includes almost $260 million to fund a water innovation strategy, which the White House says will boost water sustainability and reduce the price and energy costs of new water supply technology.

Hershey Co. is spending $500 million in the hopes of producing its iconic chocolate Kisses from more sustainable cocoa. Through its so-called Cocoa for Good program, the company will invest the funds through 2030 to support four key areas: nourishing children, empowering youth, building prosperous communities and preserving natural ecosystems.

Forests are massive carbon sinks, and the U.S., alongside other developed countries, are donating large sums of money to protect these carbon-rich landscapes from deforestation.

World leaders have agreed to double the clean energy research funding they pledged in December as part of an international push to reduce carbon emissions, the White House announced on Thursday.  During the first meeting of the 21 countries involved in the Mission Innovation project this week, international members said they would increase the clean energy research and development funding the project is designed to facilitate.  According to the White House, member countries will now spend $30 billion per year by 2021 on clean energy research. 

IKEA wants to become a net exporter of renewables by 2020 and plans to spend another $670.5 million on renewable energy development. It currently sources 53% of its total electricity needs from renewables, controlling 314 turbines and 700,000 solar panels worldwide. The company will continue to embrace energy-efficiency measures, reduce supply chain emissions and make its products more sustainable.

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%.

Corporate spending on sustainability and circular economy initiatives is on the rise - and yielding increased sales and cost savings, according to consulting firm Pure Strategies, which says its latest survey found more than 80 percent of companies expect a sustainability budget increase from 2016 to 2017 with a third anticipating double-digit growth.

Major institutional investors are increasingly mindful of the risk that carbon-intensive assets could lose their value if climate regulations become tougher, Tim McDonnell argues. That could be good news for clean energy investment, even though spending on that sector declined in 2013.

Most cocoa farmers receive less than 5 cents for every dollar that consumers spend on chocolate, according to Oxfam, giving little incentive or funding to invest in more sustainable farming methods, writes Amy Carniol. By paying farmers a higher price, Fair Trade chocolate improves producers' quality of life and helps them ensure long-term viability, Carniol writes.

Carnival Corporation will spend $180 million to install scrubbers designed to reduce sulfur emissions on 32 ships. In return for installing the technology, the EPA will exempt the ships from its low-sulfur fuel mandate.

Facebook and eBay are among companies spending to make their data centers more eco-friendly and energy efficient. New software tools helped Facebook reduce energy use at one server farm by 38%, yielding cost reductions of about 24%.

The UN Environment Program and other partners launched the Sustainable Public Procurement Program, a project to redirect public spending towards goods and services with environmental and social benefits. The initiative is part of the UN's 10-Year Framework of Programs on Sustainable Consumption and Production.

Telecom Alaska Communications earned a 225% return on investment over 7 months by integrating energy data management services from technology company Ecova. Alaska Communications used the technology to better understand energy consumption and spending in its operations.

The Lego Group is making good on its promise to spend 1 billion Danish Krone ($150.5 million) to develop new sustainable materials for its plastic Lego toys and packaging materials. This includes the establishment of the Lego Sustainable Materials Centre in Billund, Denmark.

Chinese automakers plan to spend almost $8 billion this year on developing all-electric and hybrid automobiles, an analysis shows. The government is setting targets and offering incentives, believing that "developing new-energy vehicles is the Chinese auto industry's only road to grow from being big to being strong," said Xu Heyi, chairman of Beijing Automotive Group.