Less than half of banks ‘taking climate change seriously’

Less than half of the world’s biggest banking groups have carried out a scenario analysis for if global temperatures rise by more than 2°C. That’s according to a new report from Boston Common Asset Management, based on a survey of 59 financial institutions. It suggests the majority of banks are failing to successfully integrate climate […]

Climate change ‘could see quarter of world dry out’

At least a quarter of the world’s surface will dry up if the climate goals outlined in the Paris Agreement are missed. That’s the suggestion made in a new study published by the UN, which suggests a global temperature rise of 2°C above pre-industrial levels would increase the size of desert areas, lead to more […]

Mayors launch finance schemes to make cities greener

Three new finance initiatives to accelerate the implementation of the Paris Agreement in cities and across the world have been launched. The Global Covenant of Mayors for Climate and Energy has said it will work with the C40 Cities Climate Leadership Group, ICLEI and other regional partners to help local governments drive green investments and […]

‘Both wealthy and poor nations lagging on clean power’

Both wealthy and poor countries around the world are falling short on investing in sources of clean energy and mitigating climate change. That’s the claim from research group Bloomberg New Energy Finance (BNEF), which says wealthy nations are failing to adequately fund the transition to renewables, while poorer countries are failing to put the frameworks […]

Gap between climate pledges and reality ‘unacceptable’

The UN has said the gap between international climate pledges and the reductions needed to avoid dangerous levels of climate change is “unacceptable”. In the new report, UN Environment claims current plans from national governments, businesses and local authorities across the world are likely to lead to temperature rises of as much as 3°C or […]

Climate mitigation ‘is embedded in European business’

Action against climate change is now embedded in the strategies of businesses across Europe. That’s the verdict from the European Round Table of Industrialists (ERT), which has published a new report illustrating how 30 multinational companies, including Heineken, ABB and Eni are working towards cutting carbon and achieving the goals of the Paris Agreement. For […]

Could 1,000 cities go renewable by 2040?

A new initiative aims to see 1,000 cities around the world stop using fossil fuels and move to 100% renewable energy by 2040. The 1,000 Cities project, launched by Pathway to Paris and Care2, aims to meet and exceed the goals of the Paris Agreement by getting citizens to petition their elected officials. Every signature […]

‘Most global firms now have carbon targets in place’

The world’s biggest corporate firms are picking up the pace on climate action, with 89% having now set carbon emissions targets. That’s according to a new report from environmental disclosure platform CDP, which shows around 14% of the 1,073 companies sampled are either committed to or already have targets approved under the Science Based Targets […]

Chemical firms ‘lagging on going green’

Major chemical companies are failing to meet international climate change obligations despite innovating in low carbon products. That’s according to a new report from CDP, which suggests the industry responsible for an eighth of global industrial carbon emissions is unlikely to meet the goals of the Paris Agreement at its current rate. Although many of […]

‘There’s a 2/3 chance Paris Agreement can be achieved’

The likelihood the Paris Agreement target of limiting global warming to 1.5°C can be achieved is around two-thirds. That’s according to new research by scientists from the University of Oxford, who say the world is being polluted and warming up less quickly than forecasts from a decade ago predicted. According to the older models used […]