Future of mining ‘looks rocky with $16bn climate risk’

Jul 22, 2017 Jonny Bairstow Coal, Gas & Oil, Low Carbon, Top Stories 0

Some of the largest firms in the global mining industry have $16 billion (£12.3bn) at risk in climate costs. That’s according to a new report from the CDP, which suggests many of the mining’s...

Theresa May urged to show leadership towards zero carbon economy

Jul 21, 2017 Priyanka Shrestha Low Carbon, Top Stories 0

Leading businesses and investor organisations are urging the UK Government to show leadership towards a zero carbon economy. They are calling on Prime Minister Theresa May to lead on climate...

Global temperatures ‘on course for 4°C rise’

Jul 19, 2017 Jonny Bairstow Policy & Legislation, Sustainability & Environment 0

Global temperatures are currently on course to rise by up to 4°C, twice as far as the limits set out in the Paris Agreement. That’s according to asset manager Schroders, which has published a...

Global flood losses ‘could hit $52bn a year by 2050’

Jul 18, 2017 Jonny Bairstow Sustainability & Environment 0

If climate change continues unabated, global flood losses are expected to increase to $52 billion (£39.9bn) per year by 2050 from $6 billion (£4.6bn) in 2005. This flooding will have...

Grassroots climate action steps up in US

Jul 17, 2017 Jonny Bairstow Sustainability & Environment 0

A new initiative has been launched to drive subnational climate change efforts across the US in the face of limited national leadership. Following President Donald Trump’s withdrawal from the...

Green standard steps up sustainability credentials

Jul 12, 2017 Jonny Bairstow Sustainability & Environment 0

A new standard to measure and verify the benefits provided by green projects and programmes around the world has been launched. Gold Standard’s new model aims to ensure the contributions made by...

Coal mining firms ‘falling short’ on managing emissions

Jul 12, 2017 Priyanka Shrestha Coal, Gas & Oil, Low Carbon 0

Many of the world’s leading coal mining companies are failing to effectively manage the business risks arising from climate change. That’s according to a new report from the Transition Pathway...

Nearly 2% of UK spending in 2015 was green

Jul 12, 2017 Jonny Bairstow Sustainability & Environment, Markets & Finance 0

Nearly 2% of the UK Government’s entire spending in 2015 was on environmental protection. That’s according to new data released by the Office for National Statistics (ONS), which says this figure...

Leading banks to work with UN to promote climate transparency

Jul 12, 2017 Priyanka Shrestha Sustainability & Environment, Markets & Finance, Top Stories 0

A total of 11 leading banks representing more than $7 trillion (£5.4tn) in capital are to work with the UN to promote climate transparency in financial markets. The group, which includes...

European nations ‘must take rapid action on climate financing’

Jul 07, 2017 Priyanka Shrestha Markets & Finance 0

European countries need to rapidly step up efforts on climate financing to meet low carbon targets. That’s according to the European Environment Agency (EEA), which suggests the nations must...