Climate change: A safe haven for worried investors?
28 Oct 2008
Climate change might be the safe haven investors are looking for in a volatile world, suggests a just-released report by Deutsche Asset Management, the asset management arm of Deutsche Bank.
"The current economic downturn presents governments with a historic opportunity to climate proof their economies as they upgrade infrastructure as a core response to the economic downturn," says Mark Fulton, global head of climate change investment research for Deutsche Asset Management.
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Pacific Island nations support China's Taiwan claims at high-profile foreign ministers' meeting
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Pacific nations have backed China's claim over Taiwan during a high-profile meeting, but have shied away from directly endorsing Beijing's push to "reunify" the democratically ruled island with the mainland.
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The European Commission will tell countries to cut 90 percent of their planet-warming emissions by 2040, but offer “flexibilities” to make the goal politically palatable, according to EU climate chief Teresa Ribera.
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Hawaii has enacted a law to increase taxes on hotel rooms and vacation rentals, with the goal of generating funds to combat climate change effects such as shoreline erosion and wildfires.
Glacier collapse buries most of Swiss village
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Australia lets biggest LNG plant run to 2070 in climate blow
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Australia gave preliminary approval to extend the life of its biggest and oldest liquefied natural gas plant for decades, potentially creating billions of dollars in new drilling opportunities but raising questions about the nation’s climate agenda.
For the first time, China invests more in wind and solar than coal overseas
Thu 29 May 2025
China’s Belt and Road Initiative, long derided for its heavy carbon footprint, was dominated by wind and solar power projects for the first time from 2022 to 2023, according to a new analysis. But coal plants financed in earlier years are still coming online.
Indonesia backtracks on coal phase-out in new 2034 power supply plan
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Indonesia plans to add 69.5 gigawatts (GW) of power capacity by the end of 2034, much of it from renewable sources, but it still expects to add new coal-fired power plants.
