Inspiring News Articles
Excerpts of Highly Inspiring News Articles in Major Media
Below are one-paragraph excerpts of highly inspiring news articles from the major media. Links are provided to the original inspiring news articles on their media websites. If any link fails, read this webpage. The most inspiring news articles are listed first. You can also explore the news articles listed by order of the date posted. For an abundance of other highly inspiring material, see our Inspiring Resources page. May these inspiring news articles inspire us to find ever more ways to love and support each other and all around us to be the very best we can be.
The leaders of the five BRICS countries have signed a deal to create a new $100bn development bank and emergency reserve fund. The BRICS group is made up of Brazil, Russia, India, China and South Africa. The capital for the bank will be split equally among the five participating countries. The bank will have a headquarters in Shanghai, China and the first president for the bank will come from India. Brazil's President, Dilma Rousseff, announced the creation of the bank at a BRICS summit meeting in Fortaleza, Brazil on [July 15]. Despite their political and economic differences, the one thing these countries do agree upon is that rich countries have too much power in institutions like the World Bank and the IMF. Rousseff's comments made that feeling crystal clear - the BRICS countries, she said, have the power to introduce positive changes - ones that they think are more equal and fair. At first, the bank will start off with $50bn in initial capital. The emergency reserve fund - which was announced as a "Contingency Reserve Arrangement" - will also have $100bn, and will help developing nations avoid "short-term liquidity pressures, promote further BRICS cooperation, strengthen the global financial safety net and complement existing international arrangements". The creation of the BRICS bank will almost surely create competition for both the World Bank and other similar regional funds.
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Last week ... the wholesale price of electricity in Queensland fell into negative territory – in the middle of the day. For several days the price, normally around $40-$50 a megawatt hour, hovered in and around zero. Prices were deflated throughout the week, largely because of the influence of one of the newest, biggest power stations in the state – rooftop solar. “Negative pricing” moves, as they are known, are not uncommon. But they are only supposed to happen at night, when most of the population is mostly asleep, [and] demand is down That's not supposed to happen at lunchtime. Daytime prices are supposed to reflect higher demand, when people are awake, office buildings are in use, factories are in production. That's when fossil fuel generators would normally be making most of their money. The influx of rooftop solar has turned this model on its head. The impact has been so profound, and wholesale prices pushed down so low, that few coal generators in Australia made a profit last year. Hardly any are making a profit this year. State-owned generators like Stanwell are specifically blaming rooftop solar. The problem for Australian consumers [comes] in the cost of delivery of [electricity] through the transmission and distribution networks, and from retail costs and taxes. This is the cost which is driving households to take up rooftop solar, in such proportions that the level of rooftop solar is forecast ... to rise sixfold over the next decade. Households are tipped to spend up to $30bn on rooftop modules. It is not clear how centralised, fossil-fuel generation can adapt. In an energy democracy, even free coal has no value.
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