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G20 must act on finance for climate

When the global climate deal was agreed in Paris in December 2015, much credit was given to “political will” that helped rally 197 countries to agree a global plan to act on climate change. Now, another opportunity for “political will” to prevail and deliver concrete actions for the global good will come in the G-20 […]

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Paris Agreement: 1 year after COP21

The Paris Agreement on climate change was adopted a year ago today, in Paris, at COP21. It is essentially a plan to save our planet from the worst impacts of climate change and build a sustainable future for humanity. It was a historic agreement, made all the more remarkable by the momentum for climate action […]

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Paris Agreement: taking it forward

Less than a year ago, 197 countries came together for the first time to deliver a universal climate Paris Agreement. And with it, a promise to work together to limit global temperature rise to avoid the worst impacts of climate change. Today, that agreement becomes the law of the planet — entered into force almost […]

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Deal to limit emissions from HFC gas is reached

Vincent Biruta, MOP 28 President, gavels the adoption of the Kigali Amendment to the Montreal Protocol Last week,  after eight years of negotiations, parties to the Montreal Protocol adopted an agreement to amend the Protocol to phase-down climate-damaging hydrofluorocarbons (HFCs) by freezing and then reducing their production and use (mostly in refrigerants and air conditioning). The […]

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Climate finance roadmap has gaps

Climate finance of US$100 billion annually by 2020 was committed by developed countries in 2012 to help developing countries take action on climate change. Yesterday, they presented a roadmap showing how they planned to meet this objective. The document projects public finance rising from recent levels of around US$41 billion to $67 billion annually in […]

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(c) Kalyan Chakravarthy

Managing climate risks: a glass half-full?

Almost half of the world’s largest investors are not managing climate risks, finds a new rating by the Asset Owners Disclosure Project (AODP).  This, after five massive assessments since 1990 of state-of-the-art climate science, and twenty-one international conferences to forge a global climate agreement. One might think that climate change is high on every decision-makers […]

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Coal

Coal is a climate killer, whatever its efficiency

The argument that high-efficiency coal-fired power plants are a viable solution for reducing CO2 emissions, the main cause of climate change, is still defended with vigour by the coal industry – and by governments that have a stake in the coal industry, in particular Japan, Germany, South Korea, Australia and Poland. Japan even goes as […]

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The ozone is recovering – can the climate be next?

In 1995, Mario Molina and Frank Sherwood Rowland received the Nobel Prize for the work he did in 1974 which showed that Chlorofluorocarbons (CFC) destroy ozone, a fragile shield of gas which protects the Earth from harmful ultraviolet rays of the sun. CFC – the non-flammable, non-toxic and easy-to-use gaseous chemical – suddenly became a […]

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Currency and money

A defining moment: time to pledge to the Green Climate Fund

By November of this year, developed countries are expected to commit substantial funds to the newly operational Green Climate Fund, which over the coming years is expected to play a central role in supporting actions in developing countries get on a low emissions development pathway and build resilience to climate impacts. Contributions to the Green […]

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