The European Central Bank has pumped an estimated €100 billion of Covid bailout cash into polluting sectors, despite its chief’s climate-friendly rhetoric
Brazil is seeking to join the net zero club, but campaigners denounced its pledge as meaningless while deforestation rises under President Bolsonaro
The Paris Agreement has survived the US withdrawal and normalised net zero, but emissions are still rising and vulnerable people are suffering from climate disasters
Efforts to strengthen the EU climate target risk being sidelined as leaders head for a showdown over democratic values
CIMB has been hailed as the first major bank in an emerging market to publish a coal exit strategy, after investing $2.6 billion in the sector last decade
After a year disrupted by coronavirus, national leaders are expected to announce climate commitments on Saturday, the fifth anniversary of the Paris Agreement
Environmental groups, which urged the commission to endorse a 2033 end date, slammed the decision as ‘absurdly late’, while studies show a 2030 exit is feasible
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The EU’s largest oil producer has agreed to cancel new oil and gas licences and wind down production, in a bid for climate leadership
The UK will cut emissions 68% from 1990 to 2030, Boris Johnson announced, urging other leaders to bring new commitments to the 5th anniversary of the Paris Agreement
A Chinese government-commissioned report proposes stricter environmental standards for “belt and road” investments, but it needs buy-in from financial institutions
UN-backed Production Gap report projects a 2% annual rise in global fossil fuel output this decade, when 6% cuts are needed in line with a 1.5C warming limit
UN chief Antonio Guterres warned “the planet is broken”, calling for a “quantum leap” on getting to net zero emissions in 2021
Temperatures reached 38C in Siberia, leading to wildfires and increased melting of the sea ice and putting 2020 on course for 1.2C warming globally
Imazon study finds indigenous people’s territories at greatest risk from forest clearance as a result of growing agricultural activity under the agreement
The Cop26 host is on a tight timeline to set a 2030 carbon-cutting target separate from the EU’s, ahead of an ambition summit on the fifth anniversary of Paris
As finance ministers finalise national budgets for 2021, they must meet their promises to protect the vulnerable from climate change impacts
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Making polluters pay for losses suffered by communities on the frontline of climate impacts is a priority for young activists, as they prepare to engage with UN negotiations
Air travel is heating the climate at approximately three times the rate of the sector’s carbon dioxide emissions alone, report finds, with major policy implications