Our planet is really feeling the heat of Global Warming. Humans are consuming resources like never before. A new coal-fired power plant is built in China EVERY WEEK!
This all signifies that consumption of raw materials will keep on increasing. And it doesnt seem to be sustainable. We are loosing natural resources fast, and if nothing is done to stop this drain, we will be hit hard. We already see the effects of Global Warming, like the El Nino effect. These tornadoes and Cyclones keep increasing in intensity and frequency every year.
Can fixing energy-wasting buildings stave off global instability? Former president Bill Clinton thinks so. In the biggest project his foundation has taken on since securing a supply of cheap generic AIDS drugs for third world countries, Clinton has brokered a $5 billion effort to finance the retrofit of old buildings in 16 cities around the world.
The project, which Clinton announced at a climate conference in Manhattan yesterday, creates a financing and labor pool to replace energy-hogging light fixtures, as well as install better building insulation and more efficient HVAC systems. ABN Amro, Citigroup, Deutsche Bank, JPMorgan...