Larry Summers' trillion-dollar climate spending plan
12 Oct 2022
Larry Summers — who spent the last year-and-a-half warning about easy money and inflation — is calling on the World Bank to loosen its lending limits to combat climate change and think in the "trillions not the billions."
The big picture: Summers wants the U.S. to increase its capital contribution to the bank by $5 billion. With a total of $30 billion in new capital from across the globe, along with a revamped financial model, Summers argues that the bank could lend some $100 billion per year, with much of it directed towards energy projects.
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18 new countries ratify High Seas Treaty at 2025 UN Ocean Conference
Today 11:00am
On the first day of the United Nations Ocean Conference (UNOC) in Nice, France, on Monday, 18 new countries ratified the High Seas Treaty for a total of 49 — just 11 shy of the 60 needed for the agreement to be enforced.
EPA to propose rolling back climate rule for power plants Wednesday
Today 11:00am
It marks an escalation in President Donald Trump’s effort to purge climate initiatives from the federal government.
Ahead of UN climate talks, Brazil fast-tracks oil and highway projects that threaten the Amazon
Today 11:00am
Months before hosting the U.N.'s first climate talks held in the Amazon, Brazil is fast-tracking a series of controversial decisions that undercut President Luiz Inácio Lula da Silva’s lofty environmental rhetoric and show widening divisions within his cabinet.
Israel deports activist Greta Thunberg after military seized Gaza Freedom Flotilla ship
Today 11:00am
Israel deported activist Greta Thunberg on Tuesday, the country's Foreign Ministry said, a day after the Gaza-bound ship she was on with 11 other people was seized by the Israeli military.
With the right support, green solutions can thrive and power a better world
Today 11:00am
COMMENT: Clean-energy enterprises do far more than cut emissions; they create jobs, increase food security and farmers' incomes.
Explainer: How human-caused aerosols are ‘masking’ global warming
Today 11:00am
Human-caused emissions of aerosols – tiny, light‑scattering particles produced mainly by burning fossil fuels – have long acted as an invisible brake on global warming.
New Zealand is failing to protect its vast ocean resources. We owe it to the world to act
Wed 11 Jun 2025
Less than 1% of our country’s seas are highly protected and the damaging practice of bottom-trawling must be restricted.
A credible UN carbon market needs rules that count – we’ve just set them
Wed 11 Jun 2025
COMMENT: The broad standards for a more ambitious market are now in place. But without a steady flow of investment, this progress will remain largely on paper.
US declares Biden fuel economy rules exceeded legal authority
Wed 11 Jun 2025
The agency last year said the rule for passenger cars and trucks would reduce gasoline consumption by 64 billion gallons.
Carbon capture projects promise a climate fix – and a fossil fuel lifeline
Wed 11 Jun 2025
Governments across Southeast Asia are looking at carbon capture and sequestration (CCS) as a way to meet climate targets.
