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Global warming: Renewable energy needs to be twice as cheap as fossil fuels

Renewable energy costs need to be at least twice as cheap as those of fossil fuels to ensure a clean transition globally, Steven Chu, a Nobel laureate in physics and former US secretary of energy, told a forum in Hong Kong on Monday.
investment biodiversity habitats

Investors stress importance of biodiversity as much as climate change in their investment approach

Biodiversity is gaining importance with investors, with an increasing number saying it is important or central to their investment policy, and find the loss of nature as great a threat as climate change, according to a report by Dutch asset manager Robeco.

antonio guterres climate wrecking justice

UN chief slams ‘climate-wrecking’ firms at human rights meeting in Geneva

Antonio Guterres said fossil fuel producers and financial backers must understand ‘crucial truth: pursuing mega-profits when so many are losing lives and rights is completely unacceptable’.
Quentin Parker oil climate

Quentin Parker: Oil giants must wake up to the urgency of climate change

Oil companies’ record profits for 2022 give them a chance to pivot faster away from fossil fuels to renewables. At a time when public opinion and political pressure are turning against them, they must seize that opportunity.
david dodwell climate opinion carbon trading

David Dodwell: Raging wildfires call into question carbon trading’s role in climate change fight

Carbon trading has been called ‘a false solution to the climate crisis’, while forest offset schemes in the West are in peril as wildfires rampage.

hsbc climate investment stuart kirk

Top banker quits HSBC after suspension over climate-change comments

Stuart Kirk, global head of responsible investing at HSBC Asset Management, was suspended in May after saying in a speech that climate change wasn’t a ‘financial risk we need to worry about’.
ukraine war climate politics

UN chief concerned Ukraine war is overshadowing climate fight – calls for ‘massive investment’ in renewable energy

UN Secretary-General Antonio Guterres says the conflict has ‘inevitably’ shifted the focus from issues such as the global temperature rise; the war has also demonstrated the world’s dependence on fossil fuels.