The case for using climate finance to create carbon markets
1 Nov 2022
Funding for carbon markets should become natural part of the climate finance toolkit, argues European Bank for Reconstruction and Development's Gerrit Held.
Carbon pricing enables cost efficient capital allocation, drives systemic change, generates additional revenue streams over and above limited public funds, and offers countries the ability to meet their climate targets more flexibly. Today, nearly 23 per cent of global emissions are covered through either Emission Trading Schemes or carbon taxes.
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Pacific Island nations support China's Taiwan claims at high-profile foreign ministers' meeting
Fri 30 May 2025
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.
German court dismisses Peruvian farmer’s climate lawsuit
Fri 30 May 2025
The court rejected the argument that the man’s home is at risk from glacial flood. But the ruling is still being claimed as a milestone for climate litigation, as it sets a precedent that polluters may be held liable for the consequences of pollution.
World’s nations to gather in France to tackle what UN says is a global emergency in the oceans
Fri 30 May 2025
The world’s nations are gathering in France next month to tackle what the United Nations calls a global emergency facing the world’s oceans as they confront rising temperatures, plastic pollution choking marine life, and relentless overexploitation of fish and other resources.
Brussels to propose ‘pragmatic’ 90% climate target for 2040
Fri 30 May 2025
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.
Hawaii to make sweeping tourism changes in bid to combat climate change
Fri 30 May 2025
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
Fri 30 May 2025
The Swiss village of Blatten has been partially destroyed after a huge chunk of glacier crashed down into the valley.
Global temperatures could break heat record in next five years
Thu 29 May 2025
Data also shows small but ‘shocking’ likelihood of year 2C hotter than preindustrial era before 2030.
Australia lets biggest LNG plant run to 2070 in climate blow
Thu 29 May 2025
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
Thu 29 May 2025
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.
