Homeowners across the U.S. are being sold on a form of financing called property assessed clean energy, or PACE, which leverages the taxing authority of local governments to cover the high upfront cost of a climate-friendly renovations: bloom.bg/3upn9i0
2/ Some homeowners thought they were enrolling in a free government program to make their homes more energy-efficient. Others were promised the energy savings from their renovations would quickly offset the cost.
One answered a robocall about eliminating their electricity bill.
3/ PACE isn't a mortgage, nor is it a conventional loan. Rather, homeowners pay back their balance — plus interest — via a surcharge on their annual property taxes.
Following concerns over the sale of millions of dollars in meaningless carbon credits to corporations like JPMorgan, BlackRock and Disney, the Nature Conservancy says it is conducting an internal review of its carbon-offset project portfolio bloom.bg/3rTrXdG
2/ The self-examination follows a Bloomberg Green investigation last year that found the world's largest environmental group taking credit for preserving trees in no danger of destruction: bloom.bg/3wuEnwg
3/ While the Nature Conservancy declined to answer specific questions about the review, it said in a statement that it aims to meet the highest standards with its carbon projects and that the inquiry will be led by scientists and a "team of experts with deep project knowledge."
For every dollar these corporations gave to one of the most climate-friendly members of Congress during this election cycle, they gave nearly twice as much to obstructionists of climate focused policies
Hurricane Laura is set to make landfall on the Gulf Coast early Thursday as a powerful Category 4 storm, unleashing deadly storm surge, flash floods and destructive winds that could inflict as much as $25 billion in damage
In April 1970, on the first Earth Day, the planet had warmed by about 0.06°C—today we're at 1.16°C trib.al/7vPpx3v
Scientists have measured the rising level of carbon dioxide in the atmosphere since the 1950s. The monthly CO2 level has risen by approximately 87 ppm since 1970—or about 27% trib.al/rabfbun
The ice caps are melting faster than scientists expected. We’ve been able to track this using data from the late 1970s.
As of Apr. 19, there was 13.66 million km2 of Arctic sea ice, or 5.5% lower than the historical average for the day trib.al/6UUX3uV