In early August, just as protesters from across the country descended on North Dakota to rally against an oil pipeline near the Standing Rock Sioux Reservation, some of the world’s biggest banks signed off on a $2.5 billion loan to help complete the sprawling project. Now, those banks — which include Citigroup and Wells Fargo […]
Current pledges to cut carbon emissions will cost developing countries 50% more than if global warming is limited to 2C, Oxfam report says Developing countries will have to pay $270bn extra each year to adapt to the impacts of climate change if global pledges to cut greenhouse gas emissions do not increase, according to a […]
Australia plans to link its carbon trading scheme with the EU’s, enabling firms to use European permits from mid-2015 to emit carbon dioxide (CO2). The EU’s carbon market is the world’s largest and the deal is being seen as a significant step towards cutting greenhouse gas emissions globally. The aim is to have the Australian […]