#Global Eco Watch by Joyce Metayer
While the United States has put a climate change denier in charge of the country, elsewhere across the ocean leaders are acting responsibly. With a majority vote, a bill that will enable Ireland to divest all of its sovereign wealth fund away from oil, gas, and coal, was passed in the Irish parliament. The fund is worth more than 8 billion euros. All that now stands before the bill’s final approval is the committee stage, which according to Trócaire and Fossil Free Europe should pose no problem since almost all major political parties support it, except the Fine Gael political party.
Once the bill passes, Ireland will officially become the first country to divest from fossil fuels. Norway also divested its sovereign wealth fund away from coal, which is worth $900 million, but the country still has financial assets tied to oil.
“The support of a majority in the Dáil for this bill is an incredibly important moment for the climate justice movement in Ireland and will inspire other countries to follow our lead,” Meehan said.
~ On Sunday, May 8, Germany hit a new high in renewable energy generation. Thanks to a sunny and windy day, at one point around 1pm the country’s solar, wind, hydro and biomass plants were supplying about 55 GW of the 63 GW being consumed, or 87%. Power prices actually went negative for several hours, meaning commercial customers were being paid to consume electricity.
~ A group of youngsters just won a major decision in their efforts to sue the federal government over climate change. An Oregon judge ruled Friday that their lawsuit, which alleges the government violated the constitutional rights of the next generation by allowing the pollution that has caused climate change, can go forward.
~ Iran’s renewable energy market blinks at investors I was hoping the Middle East would do this!!! Can you imagine keeping all that oil in the ground and covering the desert with solar panels? They can export energy in another form and help everybody.
~ Mapping how the United States generates its electricity – Coal and natural gas are the most common sources for electricity in the country, but coal represents a declining share. The new Clean Power Plan seeks to accelerate that trend by requiring power plants to cut carbon pollution levels and rewarding states and companies that embrace clean sources of energy. Story: White House set to adopt sweeping curbs on carbon pollution
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