Business/Finance

Written by: Hyejune Park and Cosette Marie Joyner Armstrong A massive force is reshaping the fashion industry: secondhand clothing. According to a new report, the U.S. secondhand clothing market is projected to more than triple in value in the next 10...

Written by: YCC Team Corner stores, daycares, auto mechanics … small businesses provide vital services to communities. But many are vulnerable to increasingly extreme weather as the climate warms. Moritz-Chapelliquen: “As more and more disruptions end up happening … they have to...

Written by: Kimberly White  Amazon has launched its $2 billion Climate Pledge Fund. Through the fund, Amazon aims to bolster the development of sustainable technologies to help companies achieve carbon neutrality.  The Climate Pledge Fund will invest in companies from a...

Written by: Kimberly White  The European Investment Bank (EIB) has announced that it will phase out financing for fossil fuel projects by 2021. The EIB is the world's largest multilateral financial institution, providing approximately €16 billion in energy finance annually.  The...

Written by: Teresa Hartmann Nature-based solutions (NbS) refers to the protection and management of natural and modified ecosystems such as forests, agricultural land, peatlands, mangroves and oceans, while addressing societal and economic challenges effectively. NbS and other ecosystem-based approaches have manifested...

Written by: Kimberly White  Countries from around the world have pledged more than $9.7 billion to replenish the Green Climate Fund (GCF).  The Green Climate Fund was established in 2010 by the 194 countries who are parties to the United Nations...

Written by: Kimberly White For many, canned tuna is a household staple. Valued at $1.5 billion USD, canned tuna is the third most popular seafood in the U.S. One innovative company has set out to shake up the billion-dollar industry...

Written by: Kimberly White JPMorgan Chase and Wells Fargo will no longer fund oil and gas drilling in the Arctic, including the Arctic National Wildlife Refuge.  The announcements come on the heels of similar commitments made by Goldman Sachs and BlackRock.  JPMorgan...

Written by: Kimberly White  The UK has launched a new multi-million pound fund to aid in the protection of rainforests in Africa, Asia, and Latin America.  The UK Government unveiled the Mobilising Finance for Forests Programme as part of its £11.6...

Written by: Kimberly White  UBS Group will no longer fund new offshore oil projects in the Arctic. The Swiss bank also announced it would not provide financing for new thermal coal mines or oil sands on undeveloped lands.  The new standards...