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A Swedish-based think tank is launching a new credit card in collaboration with the UN Climate Change Secretariat and Mastercard that will give individuals a means to lower their carbon footprint the hard way. The credit card will cut off your spending — actually disapprove a transaction — because you have reached your carbon limit for the year. According to Fast Company, each person’s limit is based on a country-specific calculation of how much carbon an individual can “emit” and still stay on track with the 2030 goal to cut emissions in half. Mathias Wikström, one of the co-founders, said of the inspiration for the card, “I mean, people will react to it like, ‘Oh, so you want me to stop spending?’ No, not necessarily. I want you to start understanding.” Talk about putting your money where your mouth is.
A new analysis by energy industry experts predicts that Volkswagen will produce 14 million electric vehicles by 2028 and will leap from 10th place to the largest producer of BEVs, grabbing more than a quarter of all sales globally.
Why This Matters: Making the switch globally to BEVs is one of the key ways to drive down CO2 emissions in the next 10 years.
The deadly Boxing Day tsunami in 2004 killed 230,000 people in 14 countries and in response people across the world donated almost $6.25 billion in relief money. Thousands of fishermen lost their boats. In response, relief funds triggered an unsustainable investment in better boats, higher-tech “ring seine” nets, and that led to overcapacity in fisheries […]