Timmermans says EU funds drive rethink in East Europe on climate

The European Union’s top climate official has said east European nations are thinking more seriously about how to reduce carbon emissions to make use of a €750 billion EU economic recovery fund. The bloc has set up the Next Generation EU fund to support economies hammered by the coronavirus crisis, with a focus on helping […]

Report: Barrier Reef coral halved by bleaching, climate change

According to a new Australian Research Council (ARC) report the UNESCO World Heritage listed Great Barrier Reef has lost more than half of its corals since 1995. The ARC Centre of Excellence for Coral Reef Studies research showed the reef’s small, medium and large coral populations had all declined over the past three decades, largely […]

UN‘s WMO urges US to follow EU and China in setting carbon-neutral target

The head of the United Nations’ World Meteorological Organisation (WMO) has urged the United States should join the European Union and China in setting ambitious goals to become carbon neutral. President Xi Jinping announced at the UN General Assembly last month that China aimed to become carbon neutral by 2060, while the European Union has […]

China’s top climate think tanks push for more cuts to coal use and emissions

China’s leading climate think tanks are pushing for cuts to carbon emissions and coal use over the next five years, according to speeches and a major report China’s top experts on climate change and emissions have just issued. The report summarises key findings of 18 government think tank studies, and was published by the Institute […]

Investors urge heavy carbon emitters to set science-based reduction targets

Investors managing around US$20 trillion in assets have called on the heaviest corporate emitters of greenhouse gases to set science-based targets on the way to net zero carbon emissions by mid-century. AXA Group and Nikko Asset Management are among 137 investors urging 1800 companies responsible for a quarter of global emissions to act, coordinated by […]

$63bn investment boom possible with net zero emissions target for Australia

According to new economic modelling Australia could unlock an investment boom of $63 billion over the next five years if it aligns its climate policies with a target of net zero emissions by 2050. The analysis by the Investor Group on Climate Change (IGCC), finds the investment opportunity created by an orderly transition to a […]

Pope urges pull investments from companies not committed to environment

The leader of the world’s 1.3 billion Roman Catholics, Pope Francis, has urged people to pull investments from companies that are not committed to protecting the environment, adding his voice to calls for the economic model that emerges from the coronavirus pandemic to be a sustainable one. Pope Francis spoke in a video message for […]

China’s 2060 carbon neutral goal bill could hit more than US$5 trillion

Consultancy Wood Mackenzie has predicted China’s goal of reaching carbon neutrality by 2060 would require investments of more than US$5 trillion, which would include renewable power generation capacity. President Xi Jinping said at the United Nations General Assembly in September that China would achieve carbon neutrality before 2060, the first time the world’s biggest emitter […]

Study: despite shift, energy giants fall short of UN climate goals

A report from major investors has found Europe’s top oil companies are not yet aligned with United Nations-backed targets to combat climate change despite their plans to slash carbon emissions and pivot to renewable energy. The study by the Transition Pathway Initiative (TPI), which unites investors with US$22 trillion in holdings, comes as shares of […]