global warming News

Draft COP26 Climate Deal Tries to Balance Demands of Developing and Richer Nations

GLASGOW – A new draft agreement for the U.N. climate conference in Glasgow on Friday presses countries to be more ambitious in their plans to tackle global warming, while walking a fine line between the demands of developing and richer …

Shipping Firms in Crosshairs as Investors, Insurers Shun Coal

Shipping companies that transport the world’s coal are in the crosshairs of some financial backers who are cleaning up their businesses in the absence of a truly global drive by nations to renounce the dirtiest fossil fuel. In a sign …

Allianz, European Investment Bank Back €500M Public-Private Climate Fund

GLASGOW – The European Investment Bank and Allianz Global Investors said on Monday they plan to raise 500 million euros ($577.55 million) for a fund aimed at bolstering climate mitigation and adaptation in developing countries. The Emerging Market Climate Action …

AXA’s Investment Arm to Divest Oil and Gas Climate Laggards After Three Years

GLASGOW – The fund arm of French insurer AXA said on Monday it would take a tougher line with oil and gas companies over their environmental impact, selling out of laggards after three years if their emissions-reduction plans were not …

Business Execs Optimistic COP26 Will Bring Changes Needed to Tackle Climate Change

A week into the United Nations’ high-profile climate conference in Glasgow, executives and financial analysts said they are optimistic the talks will lead to changes needed for business to play a bigger role in tackling climate change. The business observers …

COP26 Coal Pledge Falls Short on Support From Big User Countries as Emissions Surge

GLASGOW – A pledge to phase out coal gained the support of 23 more countries at the U.N. climate conference on Thursday, but was shunned by big users of the dirtiest of the fuels that cause global warming. The COP26 …

Reports from U.S.-based Group Will Examine Impacts of Climate Change on Terrorism

A new global partnership with the National Consortium for the Study of Terrorism and Responses to Terrorism will focus on the impact of climate change on terrorism. START, which is based at the University of Maryland, with the cooperation of …

Climate-Fueled Disasters Spur UN Plan to Fund Weather Forecasting in Vulnerable Nations

GLASGOW – As climate change triggers deadly heatwaves, droughts and floods, three U.N. agencies on Wednesday rolled out funding plans to improve weather forecasting in vulnerable countries. The initiative, announced at the U.N. climate summit, aims to plug gaps in …

Coal in Crosshairs as UN Climate Summit Brings Raft of Clean Energy Pledges

GLASGOW – Government representatives at the U.N. climate conference in Glasgow on Thursday will turn their focus to tackling the global economy’s addiction to fossil fuels with a raft of new pledges aimed at curbing production and use of oil, …

Banks, Asset Managers, Representing 40% of World’s Assets, Vow to Meet Climate Goals

Banks and asset managers representing 40% of the world’s financial assets have now pledged to meet the goals set out in the Paris climate agreement, as an alliance championed by former central banker Mark Carney swells under the gaze of …