climate change


US trade chief backs vaccine patent waivers, may meet China’s Liu He

US trade chief backs vaccine patent waivers, may meet Liu He

(ATF) US Trade Representative Katherine Tai announced backing for a Covid vaccine patent waiver on Wednesday May 5 and said, separately, that she expects to meet Chinese officials such as Vice Premier Liu He “in the near term” to assess implementation of the 'Phase one' trade deal agreed under the …

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Regional lender comes under fire over fossil-fuel loans

Regional lender comes under fire over fossil-fuel loans

(ATF) The Asian Development Bank, the region's biggest multilateral lender, has come under fire over its loans to the fossil fuel sector, with activists saying the bank doesn't do enough to promote climate change mitigation. A group of non-governmental organisations called on ADB on Monday to swiftly end loans to …

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Oil majors are gushing cash again

Oil majors are gushing cash again

(ATF) What a difference a year makes.A year after the pandemic began to hammer the price oil - and the viability of oil companies - major producers appear to have pulled out of the gloom. After a string of losses, ExxonMobil and Chevron on Friday both reported a return to …

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Japan sets itself tougher targets on emissions reduction

Japan sets itself tougher targets on emissions reduction

(ATF) Japan aims to cut its greenhouse gas (GHG) emissions by 46% by 2030, significantly more than previously pledged, ahead of a key US-hosted climate summit.The new target revises a previous goal of cutting emissions 26% from 2013 levels by 2030.Japan is still heavily reliant on fossil fuels, in part …

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China faces uphill climate battle as Kerry arrives for talks

China faces uphill climate battle as Kerry arrives for talks

(ATF) China needs to halve carbon dioxide emissions from its coal-fired power plants by the end of the decade if it is to remain on course to become carbon neutral by 2060, according to research published on Thursday, a goal set as US envoy John Kerry visits China for climate …

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Australia’s green pivot helped by another big offshore wind project

Australia’s green pivot helped by another large offshore wind project

(ATF) Australia’s renewable sector – wind, solar and now increasingly green hydrogen – continues to make strides while much of the rest of the Asia-Pacific region trails behind. That momentum is continuing. Last week, news broke that UK-based offshore wind developer Australis Energy is planning to build a 300-megawatt wind …

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Kerry meets Modi, vows funds to help India shift to clean energy

Kerry meets Modi, vows funds to help India shift to clean energy

(ATF) US climate envoy John Kerry met Indian Prime Minister Narendra Modi last week to urge him to pursue bolder climate change goals. The meeting was part of preparation for President Joe Biden’s plan to host 40 world leaders in a climate summit later this month.Kerry, who flew to New …

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Why sovereign investors have power to influence govt climate action

Why sovereign investors have power to influence govt climate action

(ATF) In the shadow of equity markets, the integration of environmental, social and governance (ESG) factors in sovereign markets is in its embryonic phase.For a start, because sovereign debt is traditionally considered a risk-free asset class, the importance of ESG integration has been underestimated, at least in developed markets. It …

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China signs gas deal with Italian energy giant Eni

China inks gas deal with Italian energy giant Eni

(ATF) Italian energy giant Eni inked a memorandum of understanding (MoU) last week with Hangzhou-based power utility Zhejiang Energy for energy sector cooperation. The initiatives identified in the MoU range from developing long term liquefied natural gas (LNG) supply agreement to joint participation in gas/LNG projects in both China and …

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World Bank has revised its climate policy

World Bank has revised its climate policy

(ATF) The World Bank has amended its policy on climate change amid increased political momentum in the United States, Britain and other countries for greater action to counter global warming. The Bank is finalising a new five-year climate action plan, which will be debated at its spring meetings next week. …

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