climate change
Banks sponsoring ‘Climate Week NYC’ responsible for investing billions in extreme fossil fuels
Research Shows Bank of America, JPMorgan Chase, and Bank of the West (BNP Paribas) Continue to Play Major Role in Funding Climate Change Activities As ‘Climate Week NYC’ kicks off today, Rainforest Action Network (RAN) questions the climate integrity of three major event sponsors. RAN research shows that these sponsors, Bank of America, JPMorgan Chase, […]
World’s oceans warming at increasingly faster rate, new study finds
Ocean water has absorbed more than 90% of the excess heat and nearly 30% of the carbon dioxide generated by human consumption of fossil fuels The world’s oceans are warming at a quickening rate, with the past 20 years accounting for half of the increase in ocean heat content that has occurred since pre-industrial times, […]
Fossil fuels receiving over 9 times more finance than renewable energy from world’s top banks
The world’s 25 largest private sector banks channelled at least USD 931 billion into fossil fuel companies in the period 2009-2014, according to a new report launched today by Fair Finance Guide and BankTrack, while over the same period the banks’ financing of renewable energy totalled USD 98 billion. Alexandre Naulot, spokesperson at Fair Finance […]
Fossil fuel divestment is rational, says former Shell chairman
Mark Moody-Stuart laments ‘remarkably little progress’ by oil industry on climate change in last two decades and says divestment is ‘rational’ response The former chairman of Shell has said that investors moving their money out of fossil fuel companies is a rational response to the industry’s “distressing” lack of progress on climate change. Sir Mark […]
Brazil’s ditching of climate change targets may not signal policy shift
Dilma Rousseff’s reneging on a plan to limit CO2 emissions had many fearing the worst but June’s summit with the US may simply mean a delayed announcement First it was there. Then it was gone. The long-awaited announcement of Brazil’s new climate target came and went with a sleight of hand that caused an uproar […]
Envirodevonomics: A Research Agenda for a Young Field
Environmental quality in many developing countries is poor and generates substantial health and productivity costs. However, existing measures of willingness to pay for environmental quality improvements indicate low valuations by affected households. This paper argues that this seeming paradox is the central puzzle at the intersection of environmental and development economics: Given poor environmental quality […]
A climate fix would ruin investors
Humanity is making risky climate bets and ExxonMobil will probably be proved right How much of the world’s fossil fuel reserves will eventually be burnt? This is not just a question for those concerned with climate policy. It is also a question for investors even if they believe (absurdly, in my view) that the science […]
Climate change will hit price of cereal and household basics next, report claims
Oxfam report found Kellogg and Nestlé are among the world’s ‘big ten’ companies who emit more greenhouses gases than Nordic countries combined The impact of climate change could increase the price of breakfast cereal and other household foods, a report by Oxfam has claimed, which found Kellogg and Nestlé are among the world’s ‘Big 10’ […]
BankTrack calls for strengthening of Green Bond Principles
Combatting climate change needs real commitments instead of loose guidelines – Banks must urgently curb fossil fuel financing The Green Bonds Principles, a new set of guidelines for issuers of green bonds signed by 13 commercial banks last January, need to be revised to include genuine commitments rather than broad recommendations, and must tackle the […]
Enough to go round but millions still starve
Food has never been such a global issue. Some 1.5bn overweight and obese adults share the planet with 870m chronically hungry people, and governments are grappling with the same challenges: how to produce more food from less land, slash waste and reduce price volatility, while battling erratic climate patterns. UN projections illustrate the scale of […]
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