Tuesday, June 28, 2016

Berlin Has Stopped Using Fossil Fuels

Berlin has decided to "pull its money out of coal, gas and oil companies." By 2050, Germany wants to completely stop using carbon. Sweden "vowed to end its investments in fossil fuels companies, making Berlin the seventh major Western city to join a divestment movement that already includes Paris, Copenhagen, Oslo, Seattle, Portland and Melbourne. In September, New York Mayor Bill de Blasio urged the city's five pension funds- worth a collective $160 billion- to sell their $33 million exposure to coal, by the far the dirtiest fossil fuel."

In April, the Paris Agreement was signed by about 170 nations at the United Nations in New York. "More than 500 institutions-including well-endowed universities, pension funds and religious organizations collectively representing $3.4 trillion- have agreed to stop investing in fossil fuels since the campaign began."

Global temperatures are supposed to rise above 2 degrees Celsius (3.6 degrees Fahrenheit) by the end of the century. For the last decade "Germany has aggressively pushed to transition from an economy powered by fossil fuels to one propelled by clean energy under a policy called Energiewende." In 2014, Germany ha generated 26.2 percent of its power from renewable energy. 

Huffington Post Article Berlin Is The Latest City To Pull Out Of Fossil Fuels: http://www.huffingtonpost.com/entry/berlin-fossil-fuels-divest_us_576bf316e4b08cbaeab18794



My Instagram: Markbuysdamagedcars

No comments:

Post a Comment