Climate, Environment, Renewable Energy

WHO reports record daily increase in global coronavirus cases, up over 230,000

International News       Jul 12, 2020

Geneva: The World Health Organization reported a record increase in global coronavirus cases on Sunday, with the total rising by 230,370 in 24 hours. The biggest increases were from the United States, Brazil, India and South Africa, according to a daily report. The previous WHO...

Siberian temperatures hit June record, fires spread: EU data

International News       Jul 08, 2020

  GENEVA/MOSCOW: Temperatures in Arctic Siberia soared to a record average for June amid a heat wave that is stoking some of the worst wildfires the region has ever known, European Union (EU) data showed on Tuesday. Global temperatures last month were on par with a...

Cars, a cocktail and a celebrity: South Koreans succumb to Tesla fever

Facts       Jul 08, 2020

  SEOUL: From an eponymous cocktail to eager buyers following the shipping routes of long-awaited cars, Tesla Inc is having a moment in South Korea, particularly among tech-savvy professionals.Kang Sung-mo, who runs an advertising production agency in Seoul, is a convert. “I am not interested in...

Climate battles are moving into the courtroom, and lawyers are getting creative

Facts       Jul 07, 2020

  LONDON/WASHINGTON/GENEVA: Climate change may be having its day in court. With the slow pace of international climate negotiations, lawyers from Switzerland to San Francisco are increasingly filing lawsuits demanding action. And they are getting creative — using new legal arguments to challenge companies and governments...

Germany is first major economy to phase out coal and nuclear power

International News       Jul 04, 2020

  German lawmakers have finalized the country’s long-awaited phase-out of coal as an energy source, backing a plan that environmental groups say isn’t ambitious enough and free marketeers criticize as a waste of taxpayers’ money. Bills approved by both houses of parliament Friday envision shutting down...

Eyes in the sky: Investors reach for new tools to gauge climate change risk

Articles       Jul 02, 2020

In the twilight years of past civilisations, astrologers would scour the heavens for signs of impending calamity. In an era where climate change is eroding age-old certainties, a new cast of characters is searching for answers in the sky.   A small but growing network of...

BoE to review climate impact of corporate bond-buying after COVID crisis

International News       Jul 01, 2020

LONDON: Bank of England Governor Andrew Bailey said the British central bank would look at introducing climate change considerations when deciding which corporate bonds it buys once the coronavirus crisis has eased.The BoE has been targeted by climate change protesters who have been calling and...

Huge acceleration of clean energy innovation needed to meet net zero target: IEA

International News       Jul 01, 2020

LONDON: A global goal to achieve net zero carbon emissions by 2050 will not be met without a huge acceleration in clean energy innovation, the International Energy Agency (IEA) said on Thursday.   The 2015 Paris Agreement set a target to curb global warming and reach...

Environmental groups propose tailings dam safety standards

International News       Jun 30, 2020

  Mining companies should be required to buy private insurance for tailings dams and their board of directors should be held legally responsible for any disasters, a coalition of 140 environmental groups said in a report published on Tuesday.   The recommendations,which differ from standards to be...

Bank of England tells banks & insurers to push on with climate risk analysis

International News       Jun 29, 2020

  London: The Bank of England (BoE) has told banks and insurers to press ahead with analyzing the impact of climate change on their operations, saying that guidance published on Monday would be followed by targets next year.   The guide drawn up by the Climate Financial...

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