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Kevin Johnson is an Iraq War veteran and board director of the American Resilience Project and Environmental Defense Action Fund. Mark Ruffalo is an actor, environmental advocate and co-founder of We Stand United. Both are founding members of the Clean Energy Freedom campaign. The opinions expressed in this commentary are their own. As energy tensions continue to rise in Europe amidst the war in Ukraine, Americans are feeling the effect at home. Russia shut off natural gas supplies to Poland and Bulgaria last month, and the European Union recently proposed a ban on Russian oil imports. Meanwhile, just last week, the US Consumer Price Index showed that gas prices were up 44% (on an unadjusted basis) in the 12 months ended in April, and the national average is currently hovering around $4.52 a gallon. It's clear that Russian President Vladimir Putin is trying to weaponize Europe's dependence on his country's fossil fuels to deter support for Ukraine. This moment … [Read more...] about Opinion: How President Biden can win the energy war with Russia — and lower gas prices

Reuters filepix for illustration purpose only - A + A KUALA LUMPUR (May 17): Malaysia saved 132.43 gigawatt hours (GWh) of electricity amounting to RM48.34 million as at Dec 31, 2021 via the Energy Management Gold Standard (EMGS), which places emphasis on efficient energy use by the industrial and building sectors, said Energy and Natural Resources Deputy Minister Datuk Ali Biju. “The programme (EMGS) is in line with the government’s national energy efficiency and conservation effort. "The Energy and Natural Resources Ministry (KeTSA) fully supports this programme and hopes it will be adopted by more sectors and industries," he said during his speech at the EMGS award ceremony on Tuesday (May 17). EMGS is a certification system under the ASEAN Energy Management and Accreditation System [AEMAS]. He also highlighted the government’s commitment to the National Energy Efficiency Action Plan (NEEAP) 2016-2025 and its strategies to reduce domestic, commercial … [Read more...] about Malaysia’s energy savings in 2021 totalled RM48.34 mil

Share to Twitter Share to Linkedin Vladimir Putin’s invasion of Ukraine and the rise of food insecurity and inflation around the world are reasons to strengthen, not weaken, international commitments to end reliance on fossil fuels, the U.K.’s COP26 president has said. Speaking in Glasgow six months after the end of the COP26 climate summit, Alok Sharma focused on the successes of the conference, but noted that in the half-year since, global events had further highlighted the need for economies to move away from using coal, oil and gas as quickly as possible. “The world has changed,” Sharma said. “The clouds have darkened over the international landscape: war has returned to Europe ... debt is mounting, energy prices are rising, and globally people are struggling to feed their families.” These crises, Sharma went on, “should increase, not diminish, our determination to deliver on what the world agreed here in Glasgow,” noting that Russia’s invasion … [Read more...] about ‘Climate Security Is Energy Security’: COP26 President’s Warning To The World

London (CNN Business) Europe can't make up its mind on how to pay for Russia natural gas imports that continue to fuel homes, businesses and power stations. The confusion centers on the logistics of the payments themselves. Several European gas buyers have been preparing to work around the Kremlin's demand that gas bills be paid in rubles, rather than the euros or dollars stipulated in contracts. According to Russia's new payment mechanism, buyers in "unfriendly" countries must open two accounts at Gazprombank — one in euros and the second in rubles, from which payments for the gas would be made. But on Tuesday, the European Commission said companies opening an account in Russia's Gazprombank to allow their payments to be converted into rubles would fall foul of EU sanctions. That statement appeared to contradict guidance the Commission gave just four days earlier, which led some of Europe's biggest energy companies to assume they could get … [Read more...] about Europe is still confused about how to pay its Russian gas bills

Share to Twitter Share to Linkedin This is Part I of a three-part series from an extensive interview with the former finance minister of Ukraine. The third one includes how to help Ukraine. She also gave career advice. Part I is here. Part I: The Enabler For years after World War II, there was a prevailing theory that when we are trading partners, we are less likely to have conflicts. Labeled “the liberal peace,” political scientists across disciplines believed ‘that mutual economic interdependence can be a conduit of peace,” because it “limits the incentive to use military force in interstate relations,” as the Cato Institute put it as recently as 2020. Companies opened markets across the globe and leveraged that access to reduce costs, building international supply chains. In the process, they created a complex web of trade, commerce and shipping that kept shareholders happy and executives on airplanes. It grew local economies, but also … [Read more...] about The Hidden Power Of ESG – Part 1 Of 3-Part Series: Interview With The Former Finance Minister Of Ukraine

Share to Twitter Share to Linkedin Fashion’s environmental impacts are often calculated (and communicated) through Life Cycle Assessments (LCAs). LCAs assess the impact of goods or services, typically from cradle (raw materials) to gate (when they are shipped to consumers); And they are commonly used to determine ‘how sustainable’ something is. This makes LCAs critical decision-making tools as the industry stares down a target of 45% emissions reductions by 2030 (amongst other environmental targets). Life Cycle Assessment is typically conducted using primary and/or secondary data according to International Standards Organisation guidelines (specifically, ISO 14040:2006 ). It is often arduous, expensive and highly subjective, providing high levels of specificity, but low levels of comparability with other materials, products or processes. However, in practice, that’s precisely what LCAs are regularly used for, leading to ‘apple and oranges’ comparisons and … [Read more...] about Environmental Impact Assessments Could Undermine Sustainable Fashion—Experts Explain Why.

Personal loans are considered one of the best credit instruments for salaried individuals. They are specifically designed for people with a steady income who face immediate funds requirements for various reasons. You can avail yourself of an online personal loan at the best personal loan interest rates for medical emergencies, setting up a home gym, going on a vacation, and even covering wedding expenses. Going for personal loans online is a convenient option as it also gives you the chance to use a loan EMI calculator. This handy tool helps you calculate your precise EMI amount for the loan amount you seek. An online personal loan allows you to use the disbursed amount you see fit. Another advantage of a personal loan is that no collateral is required. To get the best personal interest rates with lenders like Bajaj Finserv, you must ideally have a high CIBIL Score of above 750. If you anticipate any extra expenditure soon, here are some tips that will help you get the lowest … [Read more...] about Smart insights to getting the best personal loan interest rate

Share to Twitter Share to Linkedin MicroStrategy MSTR embarked on a strategy of using its cash and then debt to buy alternative assets when it announced its June 2020 quarter results on July 28, 2020 . Over almost two years since then it has bought 129,218 Bitcoins as of May 2, 2022, per its March 2022 10-Q filing . The company has spent just under $4 billion for an average cost of $30,700. Unfortunately, since last Thursday, May 12, Bitcoin has been trading a bit over to around $2,000 under MicroStrategy’s breakeven price of $30,700 and it has gotten as low as $26,350. The recent downturn in Bitcoin’s price (over $10,000 or 26% in the past month), driven by the increase in interest rates and a risk off environment becoming more prevalent, has also hit the company’s share price (fallen over $250 or 56% in the past month). A roller coaster ride One point to keep in mind is that even while MicroStrategy’s stock fell over 25% last Wednesday to … [Read more...] about MicroStrategy’s Bitcoin Wager Has Turned Into A Losing Bet

Bajaj Finance has announced good news for all its customers by revising its Fixed Deposit interest rate. One can now earn interest up to 7.35% p.a. The FD interest rate has been increased for all categories of investors and tenors, resulting in quicker growth of one's investment. The rise in the interest rate is applicable on all deposits made on or after 25 th April 2022. FDs are viable for new investors because of the rising fixed deposit interest rates. 2022 is proving to be a suitable year for many choosing to go this route, and one need only find the right issuer to enjoy a favourable experience. The increase in Bajaj Finance Fixed Deposit interest rate has made it a prudent choice as investors get an interest rate up to 7.35%, based on their investor profile and tenor. It is where the specialised FD interest calculator comes in handy, as it can be used to plan the investment for maximum returns. It is just one of the many features on offer, and to get insight on the … [Read more...] about Bajaj Finance Fixed Deposit interest rate increase. Latest FD rates up to 7.35% p.a. effective today.

Share to Twitter Share to Linkedin As an archipelago within Western Pacific Ocean, the Republic of Palau has some interesting firsts. It is the location of the world’s first shark sanctuary, which was set forth in September 2009. Then four years later, Palau became home to a designated fully-protected marine sanctuary. Now, the tourism sector of this Pacific Island nation is ushering in another first. Ol’au Palau , a new sustainability initiative, will promote responsible tourism through a gaming app requiring travelers to complete eco-friendly measures. “Palau’s desire for more positive, sustainable and regenerative behavior from visitors is born from necessity, because its economy is inextricably linked to its ecology,” said Jennifer Koskelin Gibbons, co-founder of the Palau Legacy Project and a local Palauan. According to Gibbons, pre-COVID tourism made up 85 percent of Palau’s GDP. Yet while tourism remains essential to Palau, its environmental … [Read more...] about This Tourism App Unlocks Unique Experiences In Palau Through Completing Eco-Friendly Tasks