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.
The American Petroleum Institute, the top U.S. oil lobby organization, on Tuesday urged President Joe Biden’s administration to lift a slew of restrictions on fossil fuel development to help ease soaring energy prices.
This year's United Nations climate summit in Glasgow, Scotland must kick-start a decade of action to address the environmental crisis, U.S. climate change envoy John Kerry said on Tuesday during a visit to European Union headquarters in Brussels.
Rising sea levels and extreme weather could cause $20 billion of flood damage to at-risk U.S. homes this year, rising to $32 billion by 2051, according to research from New York-based flood research non-profit First Street Foundation.
China's aluminium sector must shut dedicated power capacity equivalent to more than Germany's entire coal fleet over the next decade to keep Beijing on track to meet its carbon pledges, climate think tank Ember says.
India will make public within 15 days details of a "cash for clunkers" scheme which would spur around 10 billion rupees ($1.4 billion) in new investment and create as many as 50,000 jobs.
Europe's shift from fossil fuel-based electricity to renewable sources has reduced environmental problems while also cutting the greenhouse gas emissions causing climate change.
