The movers and shakers of the world economy are trying to close in on the magic number of $100 billion a year to fight climate change as they meet this week in Peru.
But with the world well shy of that target, everyone seems to think the rest of the money should come from somewhere else.Full Story
If the US Congress is to take meaningful action to curb climate change, the support of corporate America and Republicans will be required. This is why a meeting of food industry executives and politicians – joined by a lone Republican congressman – on Capitol Hill on Thursday may be the first glimmer of a bipartisan approach to climate action.
US senator Sheldon Whitehouse, a Rhode Island Democrat, and US representative Chris Gibson, a New York Republican, chaired the briefing. Bucking party orthodoxy, Gibson recently drew attention by organizing 11 moderate Republicans to support a resolution acknowledging the reality of climate change and asking Congress to act.Full Story
The Green Climate Fund has added Antigua and Barbuda to its growing group of small island developing states (SIDS) slated to receive a grant from the Fund. With a grant of USD 300,000, the Caribbean country will put in place the preliminary infrastructure needed for GCF to extend its support to the islands’ larger-scale climate adaptation initiatives.
Antigua and Barbuda intends to use the grant to increase the capabilities of its Ministry of Health and Environment in coordinating with other ministries on GCF, and to design and implement a knowledge management system to facilitate proper organization of climate financing projects.Full Story
One of the most eroded Native Alaskan villages on the state’s coast is being considered as a possible national model for moving entire communities whose futures are threatened by natural disasters escalated by climate change.
The state is hoping to kick-start an exodus from the village of Newtok, about 500 miles west of Anchorage, through a national competition for states and local governments vying for a slice of nearly $1 billion in grants to be awarded by the federal Department of Housing and Urban Development. The agency’s National Disaster Resilience Competition is being promoted as an effort to address climate change and extreme weather.Full Story
Industrial nations are starting to answer the question of how they will scale up aid for projects that curb global warming, unleashing development banks to help catalyze investment.
The board of the European Bank for Reconstruction and Development said it will increase investment for climate projects to 18 billion euros ($20 billion) by 2020, a boost of about 1 billion euros a year according to a statement from the bank in London. The announcement followed similar decisions over the past week by the European Investment Bank and Asian Development Bank.Full Story
More companies are making climate change one of their top sustainability priorities, according to a survey released this week by nonprofit Business for Social Responsibility, which counts big brands like consumer goods giant Unilever and food and beverage maker Coca-Cola among its members.
The annual survey, which polled 440 sustainability workers from nearly 200 companies around the world, aims to provide a snapshot of what environmental and social issues are important to businesses over the coming year.Full Story
Lebanon has submitted its climate action plan to the UN Framework Convention on Climate Change (UNFCCC) ahead of the new universal climate change agreement which will be reached at the UN climate conference in Paris in December 2015.
The Intended Nationally Determined Contribution (INDC) is a country's public declaration on what actions it intends to take under a new global agreement aiming at combating climate change. The INDC pairs national policy-setting – in which countries determine their contributions in the context of their national priorities, circumstances and capabilities – with a global framework that drives collective action toward a low-carbon, climate-resilient future.Full Story
The gas-rich United Arab Emirates will invest $35 billion in clean energy by 2021 as it seeks to reduce its dependence on fossil fuels following crude's global price slide, it said Sunday.
"By 2021, our investments in nuclear and solar projects will reach $35 billion (31 billion euros)," Energy Minister Suhail al-Mazrouei said at an energy conference in Abu Dhabi.Full Story
The Philippine island of Cebu suffered its seventh straight day of haze on Saturday, the weather bureau said, as Southeast Asian countries battle pollution suspected to emanate from illegal fires on Indonesian plantations.
Monsoon winds blowing northeast from the Indonesian blazes towards the direction of the central Philippines could have carried the smog, state weather forecaster Romeo Aguirre told AFP.Full Story
Earth is on track for average warming of 2.7 degrees Celsius by 2100, outstripping the U.N. target, said an analysis Thursday of country pledges for curbing climate-altering greenhouse gas emissions.
While exceeding the U.N. goal of limiting overall warming to 2 Celsius (3.6 degrees Fahrenheit) over pre-Industrial Revolution levels, the number was an improvement on the 3.1 C forecast issued in September by Climate Action Tracker (CAT), a tool developed by a quartet of research bodies.Full Story