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.
Saudi Arabia's crown prince on Sunday unveiled plans to build a zero carbon city at NEOM, the first major construction project for the $500 billion flagship business zone aimed at diversifying the economy of the world's largest oil exporter.
As the coronavirus pandemic compounds worsening economic pressures from climate change impacts, small island developing nations on Monday appealed for international financial support to help them avert a looming debt crisis.
