Four ways to improve UN climate conferences I vividly remember attending my first UN climate talks in 2008. I remember the optimism, the technical conversations, the discussions about the overpriced food in the conference center, the press, the flight, and yes, the debates about the carbon footprint of the flight. I flew to Accra as […]
USAID ANNOUNCES TARGET TO MOBILIZE $150 BILLION IN CLIMATE FINANCE – EQ Mag Pro
USAID announced an ambitious target to mobilize $150 billion in public and private climate finance by 2030. USAID will catalyze the majority of this funding from private sector investments—as well as from public sector investments from partner country governments—through targeted programs and partnerships. USAID aims to catalyze 10 dollars of private sector financing for every […]
ADB Launches New Carbon Fund to Incentivize Climate Investments – EQ Mag Pro
GLASGOW, UNITED KINGDOM : The Asian Development Bank (ADB) this week launched a new carbon fund, the Climate Action Catalyst Fund (CACF), at COP26. The CACF will help ADB’s member countries meet their nationally determined contribution (NDC) targets and raise ambition over time. It will mobilize carbon finance through the purchase of internationally transferred mitigation […]
U.S., Canada among 20 countries to commit to stop financing fossil fuels abroad – EQ Mag Pro
Coal produced around 37% of the world’s electricity in 2019. More than 40 countries have committed to shift away from coal, in pledges made at the COP26 climate summit. Major coal-using countries including Poland, Vietnam and Chile are among those to make the commitment. But some of the world’s biggest coal-dependent countries, including China and […]
ADB, EIB Sign MOU on Core Areas of Climate, Environment – EQ Mag Pro
GLASGOW, UNITED KINGDOM : The presidents of the Asian Development Bank (ADB) and European Investment Bank (EIB) signed a memorandum of understanding (MOU) today setting out areas of cooperation in Asia and the Pacific over the next 5 years. Under the MOU, signed on the sidelines of COP26 in Glasgow, the institutions agreed to work […]
Carrefour Raises Climate Goals as Targets 2040 Carbon Neutrality – EQ Mag Pro
French retailer Carrefour SA said it aims to become a carbon-neutral company by 2040 by quickening its initiatives to reduce emissions of greenhouse gases. Carrefour aims to reduce its emissions by 70% in 2040 versus 2019 levels, 15 percentage points more than its previous target, the company said Sunday in a statement. The retailer said […]
Predictable climate finance in focus for India at COP26
London : India will be looking for promises on consistent and predictable climate finance as it goes in with “full commitment” to the UK-hosted COP26 climate summit in Glasgow, according to Foreign Secretary Harsh Vardhan Shringla. Speaking just as the government confirmed that Prime Minister Narendra Modi will be attending the summit scheduled between October […]
Mexico agrees to expand climate goals by 2022, foreign minister says
Mexico’s Foreign Ministry said Lopez Obrador’s government will work closely with the United States to accelerate the deployment of renewable energy in Mexico, including wind, solar, geothermal and hydroelectric power, to strengthen its commitments under the Paris Agreement. Mexico, the second-largest greenhouse gas emitter in Latin America, has faced criticism over its current policies. Mexico […]
India-U.S. partnership underscores joint commitment to taking decisive climate action, says John Kerry
The ambitious India-U.S. partnership in the area of climate change underscores the joint commitment of the two countries to take decisive action in this critical decade from 2020-2030, a top American official said on Thursday, stressing that cooperation in this sector is a central pillar for the bilateral relationship. During his recent trip to India […]
Investors with $4 trillion assets aim to tackle Asian firms on climate change goals – EQ Mag Pro
Initial engagement will focus on carbon risk and coal at banks and coal-exposed power companies, the group of investors, facilitated by Singapore-based advisor Asia Research & Engagement (ARE), said in a statement. MELBOURNE : A group of six investors with a combined $4 trillion of assets under management, including Fidelity International, said on Wednesday it […]