Think climate action is expensive? Inaction could cost $178 trillion.
26 May 2022
FOR centuries, fossil fuels have been associated with prosperity, progress, and growth. But more and more economists say that the continued use of coal, oil, and gas is now driving the world in the opposite direction — toward a lower standard of living and a global economic slump.
The ICJ’s ruling means Australia and other major polluters face a new era of climate reparations
Fri 25 Jul 2025
By Harj Narulla | OPINION: Australia has found itself on the wrong side of history.
Ocean heatwaves may signal climate tipping point
Fri 25 Jul 2025
A recent study that tapped into satellite data has revealed that 2023 marked an unprecedented year for marine heatwaves, with record-breaking levels of duration, reach and intensity across the world's oceans.
Greenpeace hails Italy court ruling allowing climate lawsuit against energy company to go ahead
Fri 25 Jul 2025
Italy’s highest court has ruled that a lawsuit brought by climate activists against Italian energy company ENI and its government shareholders can go ahead.
India to issue climate risk disclosure rules for banks in the next few months, sources say
Fri 25 Jul 2025
India's central bank is close to finalising rules for banks and financial institutions to disclose and manage risks from climate change, three sources aware of the matter said.
Trump and the energy industry are eager to power AI with fossil fuels
Fri 25 Jul 2025
At a Pittsburgh summit, the Trump administration, energy executives, and tech barons joined as one to promote AI as the future of fossil fuels.
Dad concerned about climate change shifts company away from oil and gas
Fri 25 Jul 2025
Jordi Zonneveld says his first decade in the oil and gas industry was great. But in 2015 he realised he could pull his company toward a greener future by working on hydrogen to replace fossil fuels.
Top UN court singles out fossil fuels as part of states’ climate duty
Thu 24 Jul 2025
Landmark opinion says those that fail to prevent climate harm could be liable for compensation and restitution.
COP30 must make good on past climate commitments
Thu 24 Jul 2025
By Jacinda Ardern, Carlos Lopes, and Laurence Tubiana | COMMENT: COP presidencies tend to seek fresh agreements and ambitious initiatives, but when the celebrations are over, implementation often falls short. That is why Brazil’s COP30 presidency must eschew flashy results in favour of pragmatic pathways to deliver on past agreements.
Switching to renewables is ‘smart economics’ - Guterres
Thu 24 Jul 2025
The global energy transition is now “unstoppable” due to “smart economics”, UN secretary-general António Guterres has said in an online speech titled: “A moment of opportunity.”
SBTi releases Net Zero Standard for banks, investors
Thu 24 Jul 2025
The Science Based Targets initiative announced the release of its finalised Financial Institutions Net-Zero Standard, aimed at enabling banks and investors to set net zero-aligned targets for their lending, investing, insurance and capital markets activities.
