New Report Finds G-20 Member Countries Support Fossil Fuels at Levels Untenable to Achieve Paris Agreement Goals. BloombergNEF and Bloomberg Philanthropies report reveals G-20 member countries have given more than $3.3 trillion in subsidies for coal, oil, gas, and fossil-fuel power from 2015-2019 U.N.-convened Net-Zero Asset Owner Alliance, representing over $6.6 trillion assets under management, […]
ADB Commits to Full Alignment With Paris Agreement
MANILA, PHILIPPINES : The Asian Development Bank (ADB) has announced its commitment to align its operations with the goals of the Paris Agreement. ADB will achieve full alignment of its sovereign operations by 1 July 2023. Alignment of its nonsovereign operations will reach 85% by 1 July 2023 and 100% by 1 July 2025. As […]
Upper Atmosphere Cooling And Shrinking 600 Feet Per Decade Due to Climate Change: Study
The mesosphere lies just above the stratosphere, which has the critical ozone layer that protects us from the deadly ultraviolet radiation of the Sun. As countries prepare to meet in the coming months to accelerate action towards the goals of the Paris Agreement, the situation is getting alarming with every passing day. Scientists have now […]
UAE Offers to Host Global Climate Summit COP 28 in Abu Dhabi
The annual COP is the decision-making body responsible for monitoring and reviewing the implementation of the UN Framework on climate change. The United Arab Emirates has asked to host the COP 28 international conference on climate change in 2023, Sheikh Abdullah Bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, said on Sunday. […]
UAE Government Reaffirms its Commitment to Cut CO2 Emissions
“A more responsive and interconnected power system is emerging. This changing energy landscape offers new opportunities”. UAE government reaffirms its commitment to cut CO2 emissions. The UAE Minister of Energy and Infrastructure, HE Suhail Al Mazrouei, has reiterated the UAE’s commitment to reduce carbon dioxide emissions by 70% and increase clean energy use by 50% […]
5 Things to Know About the IEA’s Roadmap to Net Zero by 2050
To avoid the worst impacts of climate change and realize the goals of the Paris Agreement, greenhouse gas emissions should fall to net zero by mid-century and then reach net negative emissions thereafter. Responding to the science, 60 countries, as well as scores of companies and cities, have already adopted net-zero targets, and many more […]
Refugee Crisis, Green Energy, and Climate Responsibility
In the second half of 2017, the government did something unprecedented in response to an unprecedented situation—it sheltered about 750,000 Rohingyas fleeing from a “textbook example of ethnic cleansing” by the Myanmar army. Our response to this humanitarian crisis had serious environmental and ecological consequences. We, however, could see three stages of development to make […]
RELEASE: HSBC Partners With WRI and WWF to Scale Next Generation Solutions to Climate Change
The US$100m global initiative aims to accelerate efforts to build a net zero global economy, forms part of HSBC’s climate strategy. LONDON : HSBC, in partnership with World Resources Institute (WRI) and WWF, today unveils their Climate Solutions Partnership to unlock barriers to finance for companies and projects that tackle climate change. The partnership’s three […]
Demand for Lithium Raw Materials Surged by 40 Times, IEA
Demand for Lithium Raw Materials Surged by 40 Times; IEA: Ascending Mineral Prices Will Impact Green Energy Development. Numerous countries are currently intensifying on the investment on renewable energy and electric vehicles in the hope of achieving their respective targets in carbon reduction and zero carbon emission. Though the International Energy Agency (IEA) has given […]
Is Finance the Biggest Hurdle in the Race to Net Zero?
RECAI 57: with COP26 on the horizon, governments and institutional investors must rise to the challenge of honoring the Paris Agreement. Governments must raise their ambition to get the world on a trajectory to limit global temperature rise to 1.5°C above pre-industrial levels. Institutional investors need clearer commitments on infrastructure spending and details of pipelines […]