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.
Climate change is "the greatest commercial opportunity" facing the world, but more needs to be done to boost private sector investment in developing markets, an International Finance Corporation executive has said.
Former U.S. Vice President Al Gore is hopeful China and the United States will set aside their differences at U.N. climate change talks in Glasgow, just as they came together in 2015 to help hammer out the Paris Agreement.
European energy firms Centrica and Galp, food group Nestle and watchmaker Swatch are among 50 companies worldwide that are highly exposed to physical climate risks, investors with $10 trillion in assets say.
Russia launched its space satellite Arktika-M on Sunday on a mission to monitor the climate and environment in the Arctic amid a push by the Kremlin to expand the country's activities in the region.
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.
Economic, climate and healthcare upheavals point to the need to move toward developing cleaner energy sources, environmentally friendly jobs and healthier communities, participants in a Reuters Next panel say.
