Where is the help? Damages to poor countries are expected to increase as the world heats up further

The world’s most vulnerable countries are preparing to take on the richest economies with a demand for urgent finance. This “loss and damage” issue gained momentum since COP26 in Glasgow last year. Fiona Harvey writes on The Guardian website howe vulnerable many countries are.   Vulnerable countries demand global tax to pay for climate-led loss … Continue reading Where is the help? Damages to poor countries are expected to increase as the world heats up further

WEF podcast transcript on carbon offsets

As we wonder about the impact of carbon offsets, the World Economic Forum provides a podcast that should give us a wider view of their benefits. Robin Pomeroy, Podcast Editor at the WEF, discusses carbon offsets with Rachel Kyte, co-chair of the Voluntary Carbon Markets Integrity Initiative and with Dharsono Hartono, UpLink Top Innovator, and … Continue reading WEF podcast transcript on carbon offsets

Decarbonising the energy system by 2050 could save trillions

For decades, scientists have called for a transition to clean energy to prevent the worst impacts of climate change but fears that such a transition would be costly and harm the economy have held back progress. However, a study from the Oxford Martin Programme on the Post-Carbon Transition published this week shows the reverse: an … Continue reading Decarbonising the energy system by 2050 could save trillions

African leaders frustrated that leaders from the north avoided COP27 preparatory meeting on adaptation

With two months to go until COP27, leaders of African countries had hoped to take advantage of the Rotterdam meeting held this last week  to summon international attention on adaptation concerns. Well, they were disappointed. Laurence Caramel discusses the situation in an article on the Le Monde website.   African leaders denounce rich countries' absence … Continue reading African leaders frustrated that leaders from the north avoided COP27 preparatory meeting on adaptation

Five Canadian banks risk being forced to leave UN net-zero banking club

The Glasgow Financial Alliance for Net Zero (GFANZ), formed ahead of last year's UN climate conference in Scotland, is part of a larger network called Race to Zero that seeks to rally companies, cities, financial institutions and other civil society groups to steer the world to a climate-safe future. To be a member of GFANZ … Continue reading Five Canadian banks risk being forced to leave UN net-zero banking club

India providing mixed signals in setting the tone for emerging economies to show leadership in climate action

India has the potential to set the tone for emerging economies’ climate action over the coming decade. However, its NDC commitments significantly understate the ambition in its own national climate policies. Tarun Gopalakrishnan, Junior Fellow, Climate Lab at Tufts University, in an article on The Conversation website, discusses India’s climate policies.   A tale of … Continue reading India providing mixed signals in setting the tone for emerging economies to show leadership in climate action

How will the US Inflation Reduction Act (IRA) work and what will it achieve in terms of reining in global temperatures?

Matt McGrath writes on the BBC News website about what will be achieved by the landmark US climate bill both in the US and globally.   US climate bill success masks scale of warming challenge Many are hailing a landmark US bill approved by the US Senate as a game changer for American and global … Continue reading How will the US Inflation Reduction Act (IRA) work and what will it achieve in terms of reining in global temperatures?

The world’s most influential banks need to substantially accelerate climate efforts

Many of the world's biggest banks are falling far short of aligning their practices with the Paris Agreement goal of limiting the Earth's warming to 1.5 degrees Celsius above pre-industrial levels, a new report from the IIGCC warns. The report is discussed in an Associated Press news item on The Independent website.   Banks far … Continue reading The world’s most influential banks need to substantially accelerate climate efforts

We have a lot of work cut out for us to get the energy efficiency improvements we need

Minimum energy performance standards for buildings coupled with generous tax rebates for renovations – 110% in Italy – could unlock the energy service company market in Europe. Sonja van Renssen discusses the main issues with Jessica Stromback in an article on the Energy Monitor website.   Expect a “seismic shift” on energy efficiency – Jessica … Continue reading We have a lot of work cut out for us to get the energy efficiency improvements we need

New report from EIB on what drives firms’ investment in climate change

The European Investment Bank has recently published its most recent EIB investment survey. From extreme heatwaves and wildfires to in North America to the deadly flooding in Western Europe and Asia in 2021, the dramatic rise in catastrophic weather events has repercussions for firms. At the same time, cutting emissions sufficiently to limit global warming … Continue reading New report from EIB on what drives firms’ investment in climate change