Paris climate summit News

European Union Nations Fast-Track Approval of Paris Climate Agreement

European Union nations agreed to a fast-track ratification by the 28-member bloc of the Paris climate agreement, a step that could enable the most sweeping accord to combat global warming to come into force next month. The European Parliament, whose …

Supply Chains Thwart Climate Risk Management for 75 Major Companies: Report

Goldman Sachs Group Inc., Coca-Cola Co. and 73 other companies that together buy more than $2 trillion of goods and services are unprepared for climate shocks because suppliers are ignoring requests for data on their exposure to rising temperatures and …

Fossil Fuel Divestments by Insurers & Other Investors Top $3.4 Trillion: Activists

Insurers, cities and other investors controlling more than $3.4 trillion in assets have pledged to keep some or all of their money out of fossil-fuel companies — a high-water mark for the divestment movement, according to climate-change advocates. The number …

Planet Moves Closer to Dangerous Levels of Warming with 2015 Temperatures: UN

The planet is halfway to dangerous levels of global warming, with the average temperature for 2015 set to eclipse last year’s record, the United Nations said. This year’s average temperature will be “approximately” 1 degree Celsius (1.8 degrees Fahrenheit) above …

Allianz Plans to Sell Coal Holdings in Response to Climate Change Concerns: CIO

Allianz SE is turning its back on coal as returns evaporate from energy generation that is harmful to the environment. Europe’s largest insurer plans to exit holdings in mining companies and utilities that derive more than 30 percent of their …

78 Major Firms Urge Governments to Use Carbon Pricing to Curb Global Warming

Leaders of 78 major companies urged governments on Monday to include the pricing of carbon emissions as part of policies to curb global warming, as world leaders prepare for a summit on climate change in Paris next week. Chief executives …

Weather-Related Disasters Occurred Almost Daily in Past Decade: U.N. Report

Weather related disasters such as floods and heatwaves have occurred almost daily in the past decade, almost twice as often as two decades ago, with Asia being the hardest hit region, a U.N. report said on Monday. While the report …

Paris Climate Summit Will Seek New Path to Reduce Carbon Emissions

Next week, in the waning days of what is set to be the hottest year on record, world leaders meet on the outskirts of Paris for a summit that seeks nothing less than to steer the global economy away from …

Global Temperature Rise on Track to Hit Half-Way Point of ‘Tolerable Threshold’

The world is on track to reach 1 degree Celsius of global warming this year since the industrial revolution, the half-way point toward the maximum tolerable threshold identified by scientists. That’s the conclusion of the Met Office, the U.K. government-backed …

UN Climate Negotiators in Final Effort before Paris to Achieve ‘Post-Carbon’ Era

Climate negotiators are meeting today in Bonn to take a last crack at a draft plan aimed at nudging the world into a post-carbon era. The five-day gathering marks the final round of United Nations talks before envoys, ministers and …