Climate finance
EU climate chief demands action to address “emissions gap”
Morning summary: EU climate chief calls for action on cutting emissions; China’s corn harvest set to decline after flooding and drought; and Norway’s Sovereign Wealth Fund could divest from coal
Is the rise of Islamic finance good news for the environment?
Economic and ethical focus of fast expanding Islamic banks could be good news for green investments
World’s carbon budget could be blown by 2034 – PwC
PwC report warns that current rate of decarbonisation leaves world is on track to exceed “carbon budget” in just over two decades
Shell hopes Arctic drilling will resume in 2014
Shell hopes Arctic drilling will resume in Chukchi Sea next year, after setbacks caused programme to be suspended this summer
Al Gore issues four point investment plan for a carbon-free world
Al Gore and David Blood highlight need for transparency, disclosure of risks, low-carbon investment and divestment from fossil fuels
Bangladesh rated world’s most vulnerable country to climate change
A third of global economic output worth $44 trillion is likely to face ‘high’ or ‘extreme’ risk as a result of global warming
Comment: UN must ensure Climate Fund decisions are transparent
Green Climate Fund was designed to ensure civil society engagement in decisions, but some fear this is being forgotten
Climate change threatens £3 trillion of UK pension assets
Green Light campaign backed by NGOs and Unions calls on fund managers to stop financing fossil fuels
Coca-Cola reveals plans for electric and hybrid distribution fleet
Coke says it’s rolling out 30 alternative fuel vehicles in California, Dallas and Chicago
Green Climate Fund ‘can power poor’
A new funding idea for developing countries could provide the renewable electricity output equivalent of 100 new coal plants by 2020.
Investors worth $3tr warn oil and gas firms to diversify – or die
Coalition of 70 investors sends letters to 45 companies calling on them to present detailed climate change assessments by 2014
UK to invest £40 billion in green infrastructure projects
Funds aimed at ensuring UK develops a sustainable future energy supply by incentivising private sector investment
UN urged to take action against HFCs at Montreal Protocol talks
Analysts warn that unless tough regulations are agreed, 100 billion tonnes of carbon dioxide-equivalent (CO2e) could be released into the atmosphere by 2050
Keystone will create ‘cash cow on steroids’ for Koch brothers
Construction of Tar Sands pipeline could generate billions for brothers, who have heavily bankrolled climate sceptic campaigns
Prince Charles urges ‘ethical investment’ of pension funds
Prince of Wales tells investors that they have a duty to invest wisely to avert a “miserable future” for their grandchildren
UK universities urged to cut fossil fuel funding
NGO report highlights deep ties between universities and fossil fuels, with Imperial receiving £17.3m from Shell and BP in 2013
Business eyes opportunities from reusing carbon dioxide
Is it time to view CO2 not as a threat to the planet but as a valuable and sustainable resource to help combat climate change?
Walmart tops US solar rankings with 89.43MW capacity
Walmart, Costco, Apple and IKEA are some of the companies that have helped to deploy over 3GW of solar in the US
Lloyd’s insurers mock climate sceptics over ‘global cooling’
Head of exposure at leading insurance brand says ignoring IPCC report is not an option, calling on all regions to think about developing resilience
UK carbon accounting standards ‘inadequate’ – report
Carbon Tracker team say investors need more information on fossil fuel and climate risks they are exposed to