World bank to focus future investment on clean energy | Environment | The Guardian

The World Bank will invest heavily in clean energy and only fund coal projects in “circumstances of extreme need” because climate change will undermine efforts to eliminate extreme poverty, says its president Jim Yong Kim.

Talking ahead of a UN climate summit in Peru next month, Kim said he was alarmed by World Bank-commissioned research from the Potsdam Institute for Climate Impact Research in Germany, which said that as a result of past greenhouse gas emissions the world is condemned to unprecedented weather events.

“The findings are alarming. As the planet warms further, heatwaves and other weather extremes, which today we call once­-in­-a-century events, would become the new climate normal, a frightening world of increased risk and instability. The consequences for development would be severe, as crop yields decline, water resources shift, communicable diseases move into new geographical ranges, and sea levels rise,” he said.

via World bank to focus future investment on clean energy | Environment | The Guardian.

Groundbreaking Study: Water Demand Impacts Fracking Worldwide

On World Water Day, the World Resources Institute (WRI) has released a study that maps for the first time the water resources available to support fracking in the world’s largest shale exploration areas. The study, “Global Shale Gas Development: Water Availability and Business Risk,” found that 40 percent of countries with the largest shale energy resources could suffer from water stress: competing demands on their renewable water supply that could make it problematic to use that water for fracking.

via Groundbreaking Study: Water Demand Impacts Fracking Worldwide.