Connect with us

Entertainment

EU bank to stop funding fossil fuels in ‘landmark decision’

Published

on

Loading...

The European Investment Bank, the world’s largest multilateral lender, had been criticised by climate groups for funding gas projects that potentially threatened the EU’s commitment to the Paris climate goals.

But despite gas proving a potential sticking point, the EIB’s board of directors — which is composed of representatives of members states and the European Commission — approved the new energy policy on Thursday.

“We will stop financing fossil fuels, and we will launch the most ambitious climate investment strategy of any public financial institution anywhere,” EIB President Werner Hoyer said in a statement.

The EIB said the new energy plan would also “unlock” one trillion euros ($1.1 trillion) of climate action and environmentally sustainable investment over the next decade.

The decision comes after European Commission president-elect Ursula von der Leyen called for the EIB to turn into a “Climate Bank”.

French Economy Minister Bruno Le Maire said it was “a landmark decision” that confirmed the EU had “financial means to match its climate ambitions”.

‘Bowed to public pressure’

Many environmental activists welcomed the bank’s decision.

“Today’s decision is a significant victory for the climate movement,” Colin Roche, fossil free campaigner at Friends of the Earth Europe.

“Finally, the world’s largest public bank has bowed to public pressure and recognised that funding for all fossil fuels must end — and now all other banks, public and private must follow their lead.”

Markus Trilling of the Climate Action Network said it was “a clear call for all EU funds to follow suit and rule out all activities that worsen climate change from funding possibilities”.

The EIB has been criticised for dragging its feet on gas investments, after providing 2.5 billion euros for fossil fuel projects last year, the bulk of which went towards gas pipelines.

Loading...

Andrew McDowell, EIB vice president in charge of energy, said that the decision — which came after the lender’s “largest ever public consultation” — had been scheduled for a long time.

“This is aligning our energy lending strategy with the EU policy ambitions, the EU climate and energy targets by 2030 as well as the requirement of the Paris accord,” he said in a conference call.

The 2015 Paris climate deal saw the EU join world nations in committing to limit global temperature rises to “well below” two degrees Celsius and to a 1.5C cap if possible.

The bank warned that if temperatures rose above the Paris goals there would be “disastrous consequences”, and “large portions of our planet will become uninhabitable”.

McDowell said that by 2025 half of all EIB investments would be dedicated to climate action.

– ‘Threatens EU’s climate commitments’ –

However, not all environmental groups were overjoyed.

Greenpeace sounded a note of caution, saying the gas infrastructure built up to 2022 would be operational until mid-century.

“While the new policy means the EU will largely end support for coal and oil, the continued funding of projects like gas pipelines until 2021, and the modernisation of existing fossil fuel infrastructure beyond 2021 threatens the EU’s climate commitments,” Greenpeace said in a statement.

Under the EIB’s new policy, projects from 2022 will have to show they will be emit less than 250 grammes of carbon dioxide for every one kilowatt hour of energy they produce.

The EIB said that conventional gas projects cannot achieve this — new green technologies or carbon capture and storage would be needed.

Greenpeace and the World Wildlife Fund (WWF) said that 19 EU states supported the new policy, including France and Germany.

But three countries — Poland, Romania and Hungary — voted against, wanting more flexibility for gas funding, as did Estonia, Lithuania, Cyprus and Malta, which abstained.

Austria and Luxembourg also abstained, objecting to nuclear power being eligible for funding under the new policy, Greenpeace and the WWF said.

The European Commission said it welcomed the new policy, and it voted in favour.

mla/dl/mdl

Loading...

Entertainment

New Bae? Sherlyne Anyango Gets Naughty With Mzungu In The States (Video)

Published

on

Loading...

After declaring that long distance relationships aren’t for her, Sherlyne Anyango might have bagged herself a new mzungu boyfriend. It’s barely days since she left the country to go to the States to ‘hustle’. According to her, it’s easier to hustle in the States with her twerking talent.

Love At First Sight?

Photo-Courtesy/

Well, she moved on quickly! This was the reaction of most of her fans after Sherlyne went live with her new catch. Most people were surprised by how fast she possibly got a boyfriend. But she hasn’t made it clear.

While this might seem unfair to her Kenyan bae, Oga Obinna, it was a mutual agreement between them to dissolve their relationship due to the distance between them.

Loading...

”I’m a single boy again now😪😱!! Now with the standards you set who will fit in🤷🏿 who will fill your shoes??But Si Ni Life… But for now Kill Them with your AWESOMENESS and SECURE THE BAG!!! Don’t let nobody tell you otherwise. Plus there will always be space for you in my Heart and Kidney🙊🙈🙏🏿.”

In line to this, Sherlyne had also declared how much she misses Obinna and wrote back to him;

  ”Don’t make me cry. That’s life 😞😞. I feel bad. I miss you badly.”

Well, turns out she won’t be missing him any more after getting a new catch. Obinna has not yet responded to Sherlyne’s video posted on her Insta stories. I bet he’s not happy seeing her with another man.

Below is the video;


in News
Loading...
Continue Reading

Entertainment

Tips to help you get the perfect blazer Eve woman

Published

on

Loading...

 Choosing a blazer is key as it can either break or make your outfit (Image: Pinterest)

 

When it comes to buying or tailoring a new blazer, most people think it’s all about getting what fits. Even though that is one of the most vital things to focus on when selecting blazers, there are other things you need to look out for in order to have a perfect and versatile blazer.

Versatile is not just about being able to match most pieces in your closet, but something that will enhance your outfits and define your best features while at it. In case you are wondering on where to start with buying a blazer, start here:

 Always go for a colour that will pair well with most pieces in your closet (Image: Pinterest)

Yes, this is the first thing you should consider before making or buying yourself a blazer. You need to check your closet and consider the most dominant colour and pieces, can they be layered with a blazer or paired together?

Once that is set, you are good to go, though the more colourful a blazer is the more fun you will have pairing it with other pieces.

When selecting the perfect blazer always be very careful not to choose a small blazer. You might confuse a small blazer for a fitting one.

It should not be too tight that your shoulders cannot move in it or you can barely button it.

Although ladies are lucky they can go with any arm length, because it can be considered fashionable, ensure that it is your size. Also, avoid going for extra-large coats that will drown you and hide your best features.

Loading...
 The design and texture of a blazer will play heavily on how good you look (Image: Pinterest)

A blazer is in between a suit jacket and a hoodie. Meaning, it should be able to pass for official and casual events. Let your guide be what you are buying it for.

There are different kinds of blazers ranging from open front blazers, single breasted blazers, belted ones, the list is endless.

Always go for a blazer that resonates with your style and closet items. Also, long blazers are classier and versatile than the shorter boyfriend ones. This is in terms of versatility.

Are you looking for a linen blazer, cotton or the suit material fabric? Do you want it shiny or matte? Do you need one with metal studded elements or with embellished buttons like the army? The kind of texture you go for will determine the way you dress your blazer.

Although blazers are meant to match with all outfits, the kind of design you go for can either limit your outfit choices or broaden your matching game.

 The longer the blazer, the more you can play around with your pieces (Image: Pinterest)

They say the longer the blazer, the double the respect. You already know what I mean by this. Longer blazers are more eye catching, trendy and versatile. It will be easier for you to pair them to a tiny skirt, pencil trouser or palazzos.

Also did I mention how well they pair with crop tops? Yes, when buying a blazer, the length is very important.

Loading...
Continue Reading

Entertainment

Sewage Menace in Pipeline, Residents Cry For Help

Published

on

Loading...


Get real time updates directly on you device, subscribe now.

By Milo George

Residents of Pipeline Transami area are decrying poor drainage system that has caused sewage water to overflow in their area of residence.

The residents claim that the overflowing sewage is not only putting their lives at risk but also causing air pollution.

They have called on Nairobi Metropolitan Services and Nairobi City Water and Sewage Company to come on board and expand the sewer lines before more areas are flooded with raw human wastes coming from the blocked pipes.
“We want Major Badi and our leaders to resolve this menace immediately. It’s terrible many have been forced to shift their businesses because of the foul smell,” they said.
Pastor Joe Ndivoh of Word Evangelistic Explosion Ministries says that they have been forced to call off the Sunday School Service to protect the children from the smelly sewage.
‘‘We now fear that if prompt action is not taken then we will have a bigger health problem than this because we fear there could be an outbreak of water-borne disease anytime,’’ Pastor Ndivoh added.


Get real time updates directly on you device, subscribe now.

Loading...

Loading...
Continue Reading
Advertisement
Loading...
Advertisement
Loading...

Trending

Kenyan Tribune