What’s more, it’s not always clear how an investor will make their money back.įortunately, Bank of America has invested $96 billion to date in a variety of sustainable businesses and promises to invest another $125 billion. This makes sense a lot of climate change projects are new and use technologies not yet tested at large scales, risk factors that scare investment away. Part of what has made climate change projects so difficult to get going is the anxiety they produce in investors. It’s rare that a big bank does anything as a force for good, but that’s what Bank of America is doing with its Environmental Business Initiative. As of this writing, ChargePoint has installed a little over 62,000 charging stations located across the globe. Fortunately, companies such as ChargePoint are installing charging stations across the country. Of course, none of this matters if there isn’t the infrastructure there to support these cars. These developments mean that the non-electric sectors of the transportation market are disappearing. Tesla, too, is planning a release for 2020: a fully electric semitractor trailer.
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In February of 2019, Amazon invested $700 million in a Tesla competitor called Rivian, which plans to commercially release electric pick-up trucks in 2020. But not only do most major car companies now offer electric vehicles as part of their product lines, Tesla and other companies are focusing solely on producing electric cars. In the U.S., transportation accounts for 28 percent of the country’s greenhouse gas emissions. In that film, the fictional chemical CW-7 is sprayed into the atmosphere to reverse climate change, ultimately cooling the planet too much and sending it into an apocalyptic Ice Age.
#SUITCASE FUSION 7 SMART SEARCHES MOVIE#
This might seem familiar for those of you who have watched the movie Snowpiercer.
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Short for the Stratospheric Controlled Perturbation Experiment, SCoPEx’s controversial goal is to spray calcium carbonate - the same stuff in your antacid tablets - into the sky to observe its effects in the stratosphere, with the ultimate goal of observing whether it can reflect sunlight back into space. As an industry leader, their solar plant is likely a harbinger of more facilities across the United States - and world, for that matter.
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Disney expects that this plant will produce enough energy to operate two of its four theme parks in central Florida and cut its greenhouse gas emissions by 57,000 tons per year. When you’re talking about the emissions produced by a corporation worth $171.7 billion, that’s pretty significant.Īs an initial step towards this goal, Disney recently opened a 270-acre, 50-megawatt solar facility in Florida. What’s more, this will happen at a rate of $100 per ton of CO2, the benchmark at which negative-emissions technology is considered to be cost effective.Īs one of the largest entertainment corporations in the world, Disney has set itself an impressive goal: It intends to half its emissions by 2020. The facility will suck CO2 out of the atmosphere to either store it underground, where it can’t affect the atmosphere anymore, or to convert it into carbon-neutral fuel.