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Climate change will wipe $2.5tn off global financial assets: study
Climate change could cut the value of the world’s financial assets by $2.5tn (£1.7tn), according to the first estimate from economic modelling. In the worst case scenarios, often used by regulators to check the financial health of companies and economies, the losses could soar to $24tn, or 17% Read More...
New York and California governors sign $15 minimum wage laws
New York Gov. Andrew Cuomo on Monday signed into law a minimum wage increase that takes a two-tier approach, setting a higher $15 per hour minimum for New York City and its environs and a lower legal minimum for less-costly areas. Cuomo held a rally celebrating the event with Hilary Read More...
Carbon farming is a zero-risk strategy for curbing climate change
Now that 195 nations, including the U.S., have agreed to ambitious greenhouse gas emission reductions to slow the pace of climate change, the question everyone is asking is: How will we actually meet our targets set for 2035? Given past performance, many don't think we will get there without Read More...
Coral reefs highlight the key role of existing biodiversity for climate change adaptation
New research on coral reefs led by the University of Southampton suggests that existing biodiversity will be essential for the successful adaptation of ecosystems to climate change. About 25% of all marine biodiversity depends on coral reefs, the three-dimensional calcareous framework laid down by Read More...
A renewable energy boom in developing countries as solar beats coals
Some world leaders, especially in developing countries like India, have long said it’s hard to reduce the emissions that are warming the planet because they need to use relatively inexpensive — but highly carbon-intensive — fuels like coal to keep energy affordable. That argument is losing Read More...
Workplace wellness: how offices could be the healthiest place for you
Already buzzing with energy as he is, the real estate wellness pioneer Paul Scialla takes it to another level when discussing how to lure office workers to the water cooler. “If people see water, they drink water,” he says. The former Goldman Sachs partner is outlining his plan as to Read More...
Sustainability’s new frontier: Asia
Sustainable investing once seemed like a laughing matter to some executives in Asia. Literally, says Billy Hwan, a portfolio manager for Parnassus Asia Fund (PAFSX), which has $10 million in assets. He says many Asian company managers used to laugh in his face when he would ask about sustainable Read More...
Microsoft Strikes Partnership With Banks on Blockchain Tech
Microsoft Inc. has pulled ahead of Alphabet Inc.’s Google, International Business Machines Corp., and Amazon.com Inc. in the race for supremacy in operating other companies’ blockchains. Microsoft and R3, a consortium of 43 financial institutions, have formed a strategic Read More...
Mobile Phones Promise to Bring Banking to the World’s Poorest
The rapid proliferation of mobile platforms and the digital services that move across them are transforming the world in countless ways. Overnight, these technologies create billionaires and business models so beautifully unique and freakishly inspired that we call them “unicorns.” But Read More...
Sugar crash: U.S soda consumption hits 30-year low
The soda industry fizzled to a new low in 2015 as Americans drank less soda than the year before for the eleventh straight year, marking a new 30-year low. According to a new report from Beverage Digest, American drank 1.2 percent less soda, by volume, in 2015, outpacing the 0.9 percent decline Read More...