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Nepal, the Maldives, and Bhutan could lose around 2 percent G.D.P. due to climate change – A.D.B. report

Nepal, the Maldives, and Bhutan could lose around 2 percent G.D.P. due to climate change – A.D.B. report

Nepal, the Maldives, and Bhutan could be looking at economic losses of around 2 ...

South Asian countries face economic losses due to climate change – A.D.B. report

South Asian countries face economic losses due to climate change – A.D.B. report

Various countries in the South Asian region are looking at significant losses du...

World Bank aids Laos’ hydropower with $40 million in financing

World Bank aids Laos’ hydropower with $40 million in financing

The World Bank Group has inked two agreements for around $40 million in financin...

Vestas, EP Global Energy partner for donor-funded wind farm in Jordan

Vestas, EP Global Energy partner for donor-funded wind farm in Jordan

Wind turbine manufacturer Vestas and private energy asset developer EP Global En...

World Bank commits $5 billion for African renewable energy projects

World Bank commits $5 billion for African renewable energy projects

The World Bank Group has committed US$5 billion towards supporting energy projec...

Seven creative ways to teach your kids about eco-living

Seven creative ways to teach your kids about eco-living

According to Bureau of Labor Statistics, 3.1 million jobs in the United States w...

$50 million A.D.B. loan to develop Indonesia’s geothermal potential

$50 million A.D.B. loan to develop Indonesia’s geothermal potential

The Asian Development Bank will provide Indonesia a loan of up to $50 million to...

Business

Technology

Chewing produces power with new energy harvesting chin strap

Chewing produces power with new energy harvesting chin strap

Thursday, 18 September 2014

The newest clean energy source could be your own jaw. According to a group of researchers in Canada, jaw movements – from eating, chewing and talking ...

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Politics

China takes big step in reducing ozone depleting gases

China takes big step in reducing ozone depleting gases

Tuesday, 16 September 2014

China has taken a big step towards reducing its hydrochlorfluorocarbons by closing down five HCFC production lines. The closure of the five HCFC produ...

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Living Green

Nineteen easy ways students can help save Mother Earth

Nineteen easy ways students can help save Mother Earth

Thursday, 18 September 2014

Students are young, creative, energetic and outspoken that is why they have the perfect qualities to help save mother earth. They can be great eco-war...

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Renewables

Low-Carbon

How green energy is used as a good business magnet

How green energy is used as a good business magnet

Thursday, 18 September 2014

The impetus for businesses turning to renewable energy is simple: to fight climate change. There’s no resource more important than the planet we live ...

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Opinion

Unsustainable urban life: What's next?

Unsustainable urban life: What's next?

Wednesday, 11 June 2014

Nutrition plays a critical role in everyone’s chance at a better future. Hunger, said Benjamin Franklin once, is the best pickle. Some say “pickle”...

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‘A.T.M.’ machine for recycling used gadgets gain in Series B

A San Diego startup that came out with an easy way for consumers to discard their old electronic gadgets closed its Series B investment round with approximately $17 million.

EcoATM is just like a regular A.T.M. machine that churns out cash - but only in exchange for old mobile phones and other electronic gadgets for recycling.

The machine is a self-serve kiosk where one can drop in her gadget. The machine will then inspect its condition and assess its dollar value, which it can either dispense to the user in cash, directly from the "A.T.M.," or make store credits with.

The collected used electronics are then resold to recycling companies.

EcoATM said it intends to use the amount raised to broaden its network of EcoATM kiosks.

"Over the past two years, EcoATM has built a network of approximately 50 kiosks in locations throughout California and beyond with tremendous consumer response," said Tom Tullie, chairman and chief executive of EcoATM.

According to Mr. Tullie, the new funding will enable mass commercialization and a national roll-out of their patented stations.

Current investors Claremont Creek Ventures, Coinstar, Inc. and TAO ventures all increased their investments in the company. New investors included PI Holdings, Moore Venture Partners, AKS Capital and Singapore billionaire Koh Boon Hwee.

EcoATM also announced that they got an additional $1 million from the National Science Foundation through a Phase II grant. The foundation previously provided a Phase 1 grant to EcoATM in February 2011 to further refine and expand the technology used in their kiosks. – EcoSeed Staff



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