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Top related persons:
Narin Phol - 1 Phol - 1 Hakan Agnevall - 1 Agnevall - 1 It's - 1 it's - 1 Erica Posse - 1
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U.S . Army Corps of Engineers - 1 RTI International - 1 Maersk - 1 North - 1 RTI - 1 Environmental Defense Fund - 1 Wartsila - 1 Shipping - 1

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2 mentions found


☆ Shipping industry could lose $10 billion a year battling climate change by 2050
  + stars: | 2023-10-30 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +4 min
It is just the latest in a growing number of disruptions hitting the shipping industry as it battles the effects of climate change. A similar reduction in 2019 cost global shipping as much as $370 million, according to a study by RTI International. "We firmly believe that climate change poses a great threat to the shipping industry and the consumer overall. The impacts of climate change on ports alone, from damage to disruption, could cost the shipping industry up to $10 billion annually by 2050 and up to $25 billion per year by 2100, according to the RTI study, which was reviewed by the Environmental Defense Fund. Of all the transportation sectors, shipping is one of the most vulnerable to the effects of climate change.
Persons: Narin Phol, Phol, Hakan Agnevall, Agnevall, It's, it's, Erica Posse Organizations: U.S . Army Corps of Engineers, RTI International, Maersk, North, RTI, Environmental Defense Fund, Wartsila, Shipping, CNBC Locations: Mississippi, Vicksburg , Mississippi, Panama, Vancouver, Canada, North America, Paris
☆ Abandoned coal mines may be gold mines for geothermal energy
  + stars: | 2023-05-08 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +3 min
The Biden Administration recently announced nearly half a billion dollars from both the Inflation Reduction and Infrastructure laws would go toward clean energy projects at former coal mines. Abandoned coal mines generally fill with water when the mining has ceased. Geothermal energy is not new, but taking it from abandoned coal mines is not yet common, especially in the United States. Geothermal energy from coal mines can be used not only to heat homes and buildings, but also to cool them. Kruse-Daniels said that while it is a relatively inexpensive form of clean energy, the location and legacy may be liabilities.
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