Tag: Paris climate agreement

Paris Cop president warns projected 1.8C heating limit is only hypothesis

Laurent Fabius says countries must be open and accountable about how they will deliver pledges in full Prospects of limiting global heating to 1.8C on the basis of commitments made at the Cop26 climate summit are only “a hypothesis”, the godfather of the Paris climate agreement has warned. Laurent Fabius, the former French prime minister […]

Cop26: Women must be heard on climate, say rights groups

Those worst hit by global heating are left out of talks, says feminist coalition calling for systemic change Women must be enabled to play a greater role at the Cop26 summit, as the needs of women and girls are being overlooked amid the global climate crisis, a coalition of feminist groups has said. The Global […]

Most plans for new coal plants scrapped since Paris agreement

Report by climate groups found more than three-quarters of projects were discarded after the deal was signed The global pipeline of new coal power plants has collapsed since the 2015 Paris climate agreement, according to research that suggests the end of the polluting energy source is in sight. The report found that more than three-quarters […]

Climate crisis to shrink G7 economies twice as much as Covid-19, says research

G7 countries will lose $5tn a year by 2050 if temperatures rise by 2.6C The economies of rich countries will shrink by twice as much as they did in the Covid-19 crisis if they fail to tackle rising greenhouse gas emissions, according to research. The G7 countries – the world’s biggest industrialised economies – will […]

UK banks’ support for coal industry has risen since 2015 Paris climate pact

Lenders including Barclays and HSBC provided services and loans worth £21.9bn in 2019 British banks’ financial support for companies involved in the coal industry has risen since the 2015 Paris agreement, despite their pledges to wind down financing for a sector seen as a significant obstacle to tackling global heating. UK lenders provided loans and […]

Joe Biden to reveal US emissions pledge in key climate crisis moment

President will also call on major economies to join him in bold action at virtual summit of 40 world leaders So what has the rest of the world promised to do about climate change? Joe Biden faces a key test of his commitment to climate action this week, when he sets out his core plans […]

New US vehicles must be electric by 2030 to meet climate goals – report

Joe Biden needs ‘visionary target’ of cutting US emissions by 60% over 2005 levels The US should ensure almost all new cars and light vehicles sold are electric by the end of this decade, and stop using fossil fuels for power generation by 2035, to cut greenhouse gas emissions in line with the Paris agreement, […]

Call to tax international flights to raise climate funds for poor countries

Six experts say failure to reform climate finance risks undermining trust in Paris agreement Taxes on international transport could provide new flows of finance to developing countries to help them reduce greenhouse gas emissions and cope with the impacts of climate breakdown, a group of climate finance experts have said. Rich countries are failing on […]

Helping poorest tackle climate crisis will boost global growth, says IMF head

Kristalina Georgieva says investing to create resilient economies is a ‘win-win-win-win’ scenario Helping the most vulnerable people to cope with the climate crisis can boost the global economy during the Covid crisis and governments should make this a priority, the head of the International Monetary Fund has said. Kristalina Georgieva said international responses to the […]

Biden to ‘hit ground running’ as he rejoins Paris climate accords

President-elect to block Keystone XL pipeline among other swift environmental moves – but challenges lie ahead Joe Biden is set for a flurry of action to combat the climate crisis on his first day as US president by immediately rejoining the Paris climate agreement and blocking the Keystone XL pipeline, although experts have warned lengthier, […]