Inspiring News Articles
Excerpts of Highly Inspiring News Articles in Major Media
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One of the world’s most important financial and development institutions, the World Bank Group (WBG), is to stop financing oil and gas exploration, in a bid to help combat climate change. After 2019, the WBG – which includes the World Bank and three other institutions – will stop investing in upstream oil and gas, it announced at the One Planet Summit in Paris on Wednesday. The summit was hosted by French president Emmanuel Macron, with 164 world leaders, government members, business leaders and prominent figures joining him. This move marks a major change in strategy for the the WBG, which has historically sought to support extraction of natural resources. The World Bank currently holds $961m (Ł722m) of guarantee operations, set up to support private sector investments in gas and oil explorations. Upstream oil and gas constitute 2pc of the WBG portfolio. Across the World Bank Group institutions, the total portfolio is worth around $280bn. This comes as the WBG signed a $1.15bn loan with the Government of Egypt aimed at reducing fossil fuel subsidies and encouraging low-carbon energy investment. “Everyday, climate change becomes a more urgent economic, social, and existential threat to all countries and all people,” WBG president, Jim Yong Kim, said. This change in approach was to ensure “alignment of our support to countries to meet their Paris goals,” he added.
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The “Medicine Baba,” Omkar Nath Sharma, 75, spends his days knocking on doors in Delhi’s upper and middle class neighborhoods, collecting their leftover medicines and giving them to the poor. Mr. Sharma, a former medical technician ... starts his day at 6 a.m., when he leaves his rented home in Manglapuri, a southern Delhi suburb, and travels by buses on his senior citizen pass to wealthier parts of the city. He has built up a pool of regular contributors in neighborhoods like Green Park, who he calls on when they have medicines they no longer need. Wearing an orange shirt that says “Mobile medicine bank for poor patients,” he picks up medicines that he estimates are worth 200,000 rupees, about $3,860, a month, and then distributes them to individuals and charitable clinics for no charge. Mr. Sharma knows that loosely distributing medicine brings real risks, so he said he will only give them out if a patient has a prescription from a doctor. Vimla Rani, a 47-year-old maid, said she is alive because of Sharma’s medicines, which help to control her asthma. “I keep on getting inhalers and other medicines from Medicine Baba,” she said. “Thousands of poor people die as they can’t afford expensive medicines, while at the same time unused medicines worth millions get wasted,” Mr. Sharma said. He also distributes medicine to more than a dozen nongovernmental organizations.
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