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World Bank approves $47.1 million loan for waste management system in Azerbaijan

The World Bank has approved a $47.1 million loan as additional financing for a waste disposal project in Azerbaijan’s capital, Baku. The $47.1 million additional loan will be used to finance the Integrated Solid Waste Management Project which aims to support the full rehabilitation of Baku’s main waste disposal site in the hopes to extend its lifetime by up to 20 years. Specifically, the loan will be used to remediate...

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The Shipping Industry’s Responsibility: Clean up the Emissions

Eugen Maersk. That name may not ring any bells with you right now, but you’d soon know it if she happened to be bearing down on you – at 397 metres long (more than four football pitches) and weighing 156,907 tonnes at full capacity (that’s more than 900 adult blue whales), this container ship would do some damage! When she’s travelling at top speed, she will take more than 4 miles to come to a complete stop...

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AT&T harnessing sun power for mobile devices in NYC

If you find yourself on the streets of New York with a rapidly discharging phone, you can charge it the clean and green way with AT&T’s Street Charge project. The telecom giant has partnered with solar technology company Goal Zero and Brooklyn-based design firm Pensa in a pilot initiative that provides free solar mobile charging station in locations across all five boroughs. The solar mobile charging...

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I.E.A. Report: Natural gas share to increase in global energy mix

The demand for natural gas will increase by 2.4 percent per year from 2012 to 2018, found a new report done by the International Energy Agency. The I.E.A.’s “Medium-Term Gas Market Report” sees the demand for natural gas increasing by 15.6 percent in 2018 to a total of 3,962 billion cubic metres. This figure represents an increase 1.7 times that of the current global liquid natural gas trade, and an increase of 535 bcm that...

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Plastic ban to be enforced in Makati

Makati, the business capital of the Southeast Asian country the Philippines, will be implementing a total ban on plastic packaging material starting this June 20. June 20 marks the implementation of ordinance no. 2003-095 of the city’s Solid Waste Management code which was passed in 2003. According to Mayor Jejomar Erwin S. Binay, the nine-year grace period for compliance with the code’s provision on “Use of...

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Why it’s important for companies to be eco-friendly

Industrialization has opened avenues for businesses to expand and to break barriers through communication. But it has also increased the toxicity level in the environment because of pollution, water contamination, landfills, illegal logging and improper waste management. Governments of different countries, realizing the need to reduce such problems that can otherwise pose as serious health risks, have taken steps to advocate their...

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Japan’s Ikeuchi Towel using 100 percent wind energy

Ikeuchi Towels has become the first Japanese company to earn the WindMade label by using wind power for all of its electricity needs. “At Ikeuchi, we believe in sustainable production, and using the WindMade label is a logical step. In this way, we can communicate our commitment to wind power to our customers and stakeholders,” said Keishi Ikeuchi, president of Ikeuchi Towel. WindMade is a global consumer label for...

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Are decommissioned offshore rigs safe for the environment?

Oil and gas companies are naturally nomadic; as soon as oil or gas runs dry in one place it is discovered in another, resulting in the companies constantly moving their entire production process to new regions. Lately oil discoveries in the Arctic have resulted in questions on whether companies should drill in these areas at all, while in the Mediterranean there are debates about who owns the rights to...

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Energy-intensive manufacturing leads to large carbon footprint in running shoes

Running may be a minimalist activity – all you need is a stretch of road and a pair of shoes – but a study from the Massachusetts Institute of Technology has found that running shoes could have quite the carbon footprint. A life-cycle assessment study found that a pair of running shoes generates 30 pounds of carbon dioxide emissions, or the equivalent of keeping a 100-watt light bulb on for one week. What surprised...

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More and more investors want “green” business

The new generation of businessmen thinks “green” and demonstrates growing concern for the environment, found a recent study by Ernst & Young LLP Corporate Governance Center. The study revealed that investors of today have strong interests in both environmental and social topics, expressed through the submission and support of shareholder proposals which reflect these interests and a demand for enhanced...

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