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In order to raise awareness on plastic waste pollution in the oceans, the World Bank has launched a new type of sustainable development bond. The World Bank said that 8 million tons of plastics are dumped into the ocean every year seriously harming the environment. With the sustainable development bond, $10,000,000 was raised by its sole distributor, Morgan Stanley.

Sydney has announced that it plans to shift fully to renewable energy, in order to cut its greenhouse gas emissions. The Australian city wants to meet all its electricity needs with renewable energy, so it will only purchase energy that is generated by wind or solar.

13% of respondents in Germany said they believe that electric cars could outnumber conventional cars within the next ten years, according to an international survey commissioned by E.ON. In a press release, E.ON pointed out that Germany is the most sceptical country about the success of e-mobility.

MET Group, as a Corporate Partner to CEMS Master’s in International Management, is committed to provide real-life business scenarios to students enabling them to analyze business issues from a variety of perspectives.

A Welsh think tank, the Institute of Welsh Affairs (IWA) has released a new report, emphasizing that renewable energy could play a central role in the country’s economic future. The document sets out a 10-point plan, detailing the actions Wales can take to convert to renewable energy.

Scientists around the world are constantly working on solutions to curtail global warming and to reduce its negative effects on the environment. So far, the proposed scientific solutions have not been effective enough to reverse or at least slow down the trend. Now, in a new study, Harvard researches offer a new, exciting solution. In conjunction with researchers from MIT and Princeton, they suggest limiting the amount of sunlight that reaches the Earth’s surface.

The efficiency of wind parks is limited by the fact that the movement and force of the wind is impossible to predict. Google, and the artificial intelligence company DeepMind, which is also owned by Google, is aiming to make it possible: last year, the two companies have started testing machine learning on Google’s own wind turbines.

China is planning to build the world’s first solar power station in space in order to have access to “inexhaustible clean energy for humans”. Researchers at the China Academy of Space Technology claim they are already testing the technology, according to reports.

In the next 007 movie, James Bond will drive an electric Aston Martin to show the eco-friendly character of the British secret agent.

A community-owned wind farm is being built in Scotland, after a local fundraising campaign was successful, BBC reported. The wind farm is part of a €4 million renewables project in the island of North Uist, Scotland. The project has raised around €456,000, exceeding the €400,000 goal.