Europe’s effort to wean its economy off Russian gas is likely to be a persistent boost to inflation even beyond the current spike, European Central Bank board member Isabel Schnabel says.
Cutting planet-warming emissions to "net zero" by 2050 could lift growth and employment but would require an inflation-boosting $160 per tonne carbon price by the end of the decade, an umbrella group of the world's top central banks say.
A group of British members of parliament say that the Bank of England should stop buying bonds from businesses whose activities accelerate global warming.
U.S. President-elect Joe Biden is planning to cancel the permit for the $9 billion Keystone XL pipeline project as one of his first acts in office, and perhaps as soon as his first day, according to a source familiar with his thinking.
The European Union should change the way it hands out free pollution permits in the bloc's carbon market, which is failing to bring about deep cuts in emissions.
Swedish activist Greta Thunberg urged German Chancellor Angela Merkel "to be brave enough to think long-term" in a meeting on Thursday where they discussed the climate crisis and measures to fight global warming.
France plans to ban heaters used by restaurants and cafes on outdoor terraces from early next year, as it accelerates a shift to a low-carbon economy, the government said.
