Investors managing $39 trillion have called on governments to raise their climate ambition, including setting plans to phase out fossil fuel use and forcing companies to set out science-based transition plans.
Banks in southern Europe are set to be among the hardest hit if climate change is not mitigated as their clients are most exposed to natural hazards such as wildfires, a European Central Bank study shows.
New pledges by G7 leaders on climate change and biodiversity loss will boost efforts to strike a global pact to protect nature but an October deadline is likely to be missed without in-person talks, officials and observers say.
The world needs to restore nature on land areas equivalent to the size of China by 2030 if it is to feed a fast-growing population, curb pollution, halt species loss and meet global goals to tackle climate change, U.N. agencies say.
European Union leaders will meet to debate how to split the efforts and costs of the bloc's shift to a low-carbon future, at a summit that will set the tone for an upcoming revamp of EU climate change policies.
New Zealand has become the first country to introduce a law that will require banks, insurers and investment managers to report the impacts of climate change on their business, minister for climate change James Shaw says.
The U.S. government under President Joe Biden is working closely with the international community to tackle climate change, increase the scale of climate finance and leverage additional private investment, Treasury Secretary Janet Yellen says.
