The world's financial services sector risks losses of up to $1 trillion if it fails to respond quickly to climate change and is hit by policy shifts such as the introduction of a carbon tax, a new report shows.
Policymakers are pushing investors to do more to ensure their portfolio choices help to meet the 2015 Paris Agreement to combat climate change by limiting planetary warming to well below 2 degrees Celsius, and preferably to 1.5C.
Island nations at risk of being erased from the map by rising seas accused rich countries of losing sight of the urgency of the climate crisis on Thursday as a marathon U.N. summit in Madrid entered its final stretch.
Lawyers for New York state and Exxon Mobil Corp delivered closing arguments in a closely watched trial accusing the oil company of hiding from investors the true cost of addressing climate change.
Mined diamonds are less carbon-intensive than man-made, but their producers should use more green energy, according to a study commissioned by the natural diamond industry, highlighting tensions between the mined and lab-grown sectors.
Royal Dutch Shell Plc on Tuesday became the first major oil and gas company to announce plans to leave a leading U.S. refining lobby due to disagreement on climate policies, citing its support for the goals of the Paris climate agreement.
The European Union's climate chief called for the bloc to take the lead and aim for net-zero greenhouse gas emissions by 2050 in its climate strategy published on Wednesday, ahead of key U.N. talks on curbing global warming.
