The world’s six largest multilateral development banks increased their climate financing to a seven-year high of $35.2 billion in 2017, up more than 20 percent from the previous year.
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Globally, the consumption of fossil fuels will slow down or decline in the near future as a result of fast-moving technological change and new climate policies, creating a “dangerous carbon bubble,”
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“We need to dramatically increase our ambitions. We are witnessing the severe impacts of climate change throughout the world,” said Executive Secretary of UN Climate Change Patricia Espinosa of Brazil, at a news conference in Bonn.
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An EU-wide label for green investment funds, a European standard for green bonds, and a classification system to provide market clarity on what is sustainable are recommended in the final report of the High-Level Expert Group on Sustainable Finance, published this week.
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Global warming will thaw about 20 percent more permafrost than previously thought, scientists are warning, potentially releasing large amounts of greenhouse gases into the Earth’s atmosphere.
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Two years to the day after the historic Paris Agreement on climate, more than 50 heads of state, bank and finance executives and celebrities are meeting today to drive action to finance global efforts to meet the goals of the agreement.
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This year’s UN Climate Change Conference in Bonn, which opened Monday and continues through November 17 under the presidency of Fiji, gives nations an opportunity to showcase their own climate actions at this “climate-neutral” event.
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Leaders of the G20 countries came to Hamburg July 7-8 and after a tense meeting during which the United States stood alone in its rejection of the Paris Agreement on climate, Chancellor Angela Merkel said the G20 nations would not attempt to conceal the dissent in their ranks.
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Ending the United Nations’ inaugural Ocean Conference on a wave of enthusiastic determination, the 193 UN Member States Friday agreed on a Call to Action listing specific measures to restore health to Earth’s degraded oceans by 2030.
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Incorporating climate change preventive actions into regular economic policy will have a positive impact on economic growth over the medium and long term, finds a new report from the Organization for Economic Cooperation and Development (OECD).
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The world’s largest cities are not sitting around waiting for national governments to hand them a climate-safe future. They are taking the initiative to build their own low-carbon opportunities.
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Just three days before he left office on January 20, U.S. President Barack Obama transferred a second installment of US$500 million to the Green Climate Fund, based in South Korea’s Songdo International Business District.
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In the early hours of Saturday morning in Marrakech at the COP22, more than 190 governments agreed to the Marrakech Action Proclamation, which sends a strong message of global unity towards taking effective action to limit climate change.
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Sustainable transport leaders from the private sector met at the UN Climate Change Conference in Marrakech (COP22) on Saturday for the Global Climate Action event on Transport to move the world towards a cooler future.
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