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.
Most industries covered by the European Union's carbon market would see free credits cut by the highest possible rate over the next five years under draft plans, potentially costing some of the biggest polluters millions of euros.
Spain's cabinet is set to approve a bill setting out a path to reduce greenhouse gas emissions to net-zero by 2050 on Tuesday, putting it on course to join a handful of wealthy nations who have written the target into law.
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.
A future U.S. government will have to rebuild relations with China to revive international efforts to combat climate change, former New York mayor Michael Bloomberg, who is running for president, said on Tuesday.
The European Union will not hesitate to take steps to protect its industries from competitors who do not respect the 2015 Paris Agreement to curb global warming, the EU's top climate official said on Monday.
Climate change activists used a fire engine to hose a red liquid at the facade of the British finance ministry on Thursday in an attempt to draw attention to what they said was the government's failure to avert a looming climate cataclysm.
