World leaders pledge to cut methane emissions, stop deforestation at COP26 climate summit

Leaders at the COP26 global climate conference pledged on Tuesday to stop deforestation by the end of the decade and slash emissions of the potent greenhouse gas methane to help slow climate change. The second day of the two-week summit in Glasgow, Scotland also saw some overdue moves by wealthy nations to provide long-promised financial… Read More World leaders pledge to cut methane emissions, stop deforestation at COP26 climate summit

UN climate change panel warns that global warming almost out of control

The United Nations panel on climate change told the world on Monday that global warming was dangerously close to being out of control – and that humans were “unequivocally” to blame. Already, greenhouse gas levels in the atmosphere are high enough to guarantee climate disruption for decades if not centuries, the report from the scientists… Read More UN climate change panel warns that global warming almost out of control

Swiss voters reject new carbon emissions law

Swiss voters rejected a trio of environmental proposals on Sunday, including a new law intended to help the country meet its goal for cutting carbon emissions under the Paris Agreement on Climate Change. A new CO2 law was narrowly rejected, with 51.6% of voters opposing it in a nationwide referendum conducted under the country’s system… Read More Swiss voters reject new carbon emissions law

G7 leaders agree to increase contributions to boost climate finance

G7 leaders agreed on Sunday to raise their contributions to meet an overdue spending pledge of $100 billion a year by rich countries to help poorer countries cut carbon emissions and cope with global warming, but only two nations offered firm promises of more cash. Alongside plans billed as helping speed infrastructure funding in developing… Read More G7 leaders agree to increase contributions to boost climate finance

New Zealand introduces climate change law for financial firms

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 said on Tuesday. All banks with total assets of more than NZ$1 billion (an equivalent of $703 million), insurers with… Read More New Zealand introduces climate change law for financial firms

U.S., UAE to work together on decarbonisation financing

The United States and the United Arab Emirates will work together on coordinating finance to decarbonise the economy, focusing on areas including hydrogen, renewable energy and low carbon urban design, a joint statement said on Monday. U.S. climate envoy John Kerry, who is leading efforts to get countries to step up commitments to cutting emissions,… Read More U.S., UAE to work together on decarbonisation financing

U.S. officially rejoins the Paris climate agreement

The United States officially rejoined the Paris climate agreement on Friday, reinvigorating the global fight against climate change as the Biden administration plans drastic emissions cuts over the next three decades. Scientists and foreign diplomats have welcomed the U.S. return to the treaty, which became official here 30 days after President Joe Biden ordered the… Read More U.S. officially rejoins the Paris climate agreement