Economics is not my strong suit, but I’m trying to wrap my brains around the economic discussion of climate action, and where it’s gone wrong, since it increasingly seems to me that there’s a strong argument to be made that climate action will accelerate the economy, not drag it down.
The World Bank is spending billions of pounds subsidising new coal-fired power stations in developing countries despite claiming that burning fossil fuels exposes the poor to catastrophic climate change. The bank, which has a goal of reducing poverty and is funded by Britain and other developed countries, calls on all nations in a report today to “act differently on climate change”.
It says that the world must reduce its dependence on fossil fuels, but it is funding several giant coal-burning plants that will each emit millions of tonnes of carbon dioxide a year for the next 40 to 50 years.
In 1989, IBM Fellow Don Eigler became the first person in history to move and control an individual atom. Shortly thereafter, on November 11 of that year, Eigler and his team used a custom-built microscope to spell out the letters IBM with 35 xenon atoms. This unprecedented ability to manipulate individual atoms signaled a quantum leap forward in in nanoscience experimentation and heralded in the age of nanotechnology.
A new IBM study reveals that despite tough economic times, Americans at all income levels are refusing to sacrifice quality, value and nutrition to save money on food and health & beauty purchases. The current economy has, however, led U.S. shoppers to take a closer look at the brands they typically purchase, the stores they frequent and even their preferred packaging to find new ways to save money.
Electric cars and charging stations go together, but there’s a kind of chicken & egg problem; who’s going to build charging stations along highways and public roads if there are no electric cars, and who’s going to buy a electric car if there are no charging stations? The French government seems to have decided that the way to crack this dilemma is to build a network of charging stations using taxpayer money as part of a broader initiative to encourage the development of clean vehicle technology and battery manufacturing in the country.