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.
Britain's Rolls-Royce, which makes engines for planes and ships, outlined plans to reach net zero emissions by 2050 through investing more in decarbonising technologies and, in the short term, using more sustainable aviation fuel.
New Zealand has become the first country to introduce a law that will require banks, insurers and investment managers to report the impacts of climate change on their business, minister for climate change James Shaw says.
Countries will have to start delivering on emissions-reduction targets during the 2020s, rather than later, to avoid devastation from climate change, the British president of the upcoming COP26 climate summit says.
British Airways has invested in a sustainable aviation fuel company, finding resources to back its decarbonisation plans despite the coronavirus pandemic, as pressure grows on airlines to cut emissions when travel restarts in earnest.
The U.S. Chamber of Commerce, the country's biggest and most influential business lobby group, shifted its position on climate change, saying Congress should pass laws pushing companies to limit greenhouse gas emissions.
Trade feuds will take on a different hue after the departure of Donald Trump. Slapping tariffs on countries out of the blue isn’t U.S. President-elect Joe Biden’s style. But his determination to fight climate change could emerge as a new source of commerce tensions.
Trade feuds will take on a new, green hue