Since the adoption of the landmark Paris Agreement on climate change in 2015, global momentum to tackle the climate crisis has been building. Progress has been made on almost every front, from bold corporate emissions-reduction targets and investors shifting away from coal to a surge of support for net-zero targets and a rising movement of […]
China Can Grow its Economy Through Stronger Climate Action
President Xi Jinping surprised the world in September 2020 by announcing to the UN General Assembly that China will aim to peak its carbon emissions before 2030 and achieve carbon neutrality before 2060. A new WRI report finds that China can peak its emissions as early as 2026 and realize enormous economic benefits over the long term […]
China’s CO2 emissions will be higher in 2020 than in 2019, says IEA’s Birol
“As of today, Chinese emissions this year, 2020, will be higher than in 2019, they rebounded,” Fatih Birol told a digital energy conference OSLO: China’s greenhouse gas emissions will increase in 2020 compared to 2019 as they have rebounded after the COVID-19 outbreak, the head of the International Energy Agency said on Wednesday. “As of […]
G20 Summit: India is exceeding Paris Agreement targets, says PM Modi
India is not only meeting its Paris Agreement targets but has also been exceeding them, Prime Minister Narendra Modi said at the G20 summit held virtually on Sunday. In his address at the G-20 Summit side event, “Safeguarding the Planet – The Circular Carbon Economy Approach”, he said that India has taken concrete action in […]
ANALYSIS-Africa shrugs off net-zero emissions push without finance to follow
Of its 54 countries, only South Africa has set a net-zero aim – and failure to revamp policies to benefit from a global low-carbon shift may mean Africa misses out on investment LONDON: As more countries, cities, investors and businesses set net-zero emissions goals, they now cover about half of the world’s economy – but […]
How Biden Can Make the US a Global Leader on Climate Action
Joe Biden’s victory in the U.S. presidential election offers new hope in the fight against climate change, both within U.S. borders and around the globe. During his first speech as president-elect, Biden committed to restore the United States’ standing in the world. And all signs suggest that tackling the growing climate crisis — and collaborating with other […]
Infosys turns carbon neutral 30 years ahead of 2050, the timeline set by the Paris Agreement
Announces ESG Vision 2030 to continue to shape and share solutions that serve businesses and communities BENGALURU, India: Infosys (NYSE: INFY), the global leader in next-generation digital services and consulting, published its Environmental, Social and Governance (ESG) Vision for 2030. This announcement is part of Infosys’ long-standing commitments focused across core areas: climate change, technology for good, diversity […]
HSBC targets net zero emissions by 2050, earmarks $1 trillion green financing
While other UK banks such as NatWest have already set similar net-zero goals, HSBC’s aim to achieve it across its huge Asia-focused client base is one of the most significant pledges made by a global lender to date LONDON: HSBC will target net zero carbon emissions across its entire customer base by 2050 at the […]
4 Questions About China’s New Climate Commitments
In his speech to the UN General Assembly last week, President Xi Jinping of China announced that China will scale up its Nationally Determined Contribution (NDC) to tackling climate change by adopting more vigorous policies and measures in an effort to peak carbon dioxide emissions before 2030 and reach carbon neutrality before 2060. The announcement […]
Rich nations must make pandemic recovery plans green: global investors
While some members of the world’s 20 biggest economies such as Britain, France and Germany have made statements about doing just that, some of the biggest emitters such as China and the United States have yet to do so LONDON: The world’s richest nations must ensure their COVID-19 recovery plans are sustainable and help meet […]