Climate Change

This year ‘virtually certain’ to be warmest in 125,000 years, EU scientists say

By Kate Abnett and Gloria Dickie BRUSSELS, Nov 8 (Reuters) - This year is "virtually certain" to be the warmest in 125,000 years, European Union scientists said on Wednesday, after…

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Just 4% of top companies meet UN climate target guidelines – study

By Simon Jessop LONDON, (Reuters) - Half of the world's 2,000 biggest listed companies have set a target to get to net-zero emissions by mid-century, but just a fraction meet…

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EU, US rally support for global deal to triple renewable energy

The European Union, United States and the United Arab Emirates' COP28 climate summit hosts are rallying other governments to join a global deal to triple renewable energy this decade at the…

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EU lawmakers push to weaken corporate sustainability disclosure

EU lawmakers will be called on to back a proposed weakening of mandatory sustainability disclosures for about 50,000 companies this week, in the latest move by centre-right parties to water down the 27-member…

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2023 on track to become another record-breaking year as temperature hits new high

By Charlotte Van Campenhout BRUSSELS, Oct 5 (Reuters) - This year is on track to become the hottest year on record, with the global mean temperature to date this year…

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Nearly all world’s population exposed to global warming over June-Sept – study

SINGAPORE, Sept 8 (Reuters) - Nearly all of the world's population experienced higher temperatures from June to August as a result of human-induced climate change, according to a peer-reviewed research…

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Top global ports may be unusable by 2050 without more climate action – report

By Jonathan Saul LONDON, Sept 8 (Reuters) - Some of the world's largest ports may be unusable by 2050 as rising sea levels hit operations, and efforts to speed up…

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Climate change may increase conflict deaths, says IMF

By Rachel Savage JOHANNESBURG, (Reuters) - Climate change is likely to worsen conflicts in fragile and war-torn states, resulting in higher death rates and greatly reduced GDP, the International Monetary…

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Climate change role in July heatwaves ‘overwhelming’, scientists say

By David Stanway SINGAPORE, July 25 (Reuters) - Human-induced climate change has played an "absolutely overwhelming" role in the extreme heatwaves that have swept across North America, Europe and China…

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Britain loses status as global climate leader, advisers say

By Susanna Twidale LONDON, June 28 (Reuters) - Britain has lost its position as a global leader on climate action and is not doing enough to meet its mid-century net…

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Climate change fight a ‘core duty’ for central banks – ECB’s Villeroy

By Marc Jones LONDON, April 24 (Reuters) - France's central bank governor François Villeroy de Galhau has pushed back against criticism of central banks' increasing involvement in the fight against…

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EU Parliament backs overhaul of Europe’s biggest climate policy

EU Parliament approves reform to carbon market Main policy to deliver EU climate goals Industries face higher costs for polluting EU to impose CO2 levy on imports of steel, cement…

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U.N. chief urges faster shift to ‘net zero’ after report highlights climate threat

U.N. Secretary General Antonio Guterres called on rich nations to accelerate their shift to "net zero" emissions on Monday after a new assessment from scientists warned there was little time…

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Thunberg, other protesters block Norway energy ministry over wind farms

OSLO, Feb 27 (Reuters) - Environmental campaigner Greta Thunberg and dozens of other activists on Monday blocked entrances to Norway's energy ministry, protesting against wind turbines built on land traditionally used by…

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Germany lagging emissions goals despite renewables boom – think tank

By Riham Alkousaa BERLIN, Jan 4 (Reuters) - Germany's carbon dioxide emissions held steady last year, jeopardising its climate targets as higher use of oil and coal offset lower energy…

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Rising climate costs to challenge countries, companies in 2023

By Katy Daigle (Reuters) - In a year marked by yet more climate-linked floods, hurricanes and droughts, governments and companies were forced to look more closely at the financial risks…

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Climate change will fuel humanitarian crises in 2023 -study

By Diego Oré MEXICO CITY (Reuters) - Climate change will accelerate humanitarian crises around the world in 2023, adding to the issues created by armed conflict and economic downturns, according…

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FACTBOX: The newest fronts in climate-change-related legal battles

(Reuters) - Climate change-related litigation has more than doubled in the past seven years globally according to a June report by the London School of Economics, and is moving beyond…

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UPDATED: COP27 deal needs ‘tremendous amount of work’ – EU’s Timmermans

By Kate Abnett SHARM EL-SHEIKH, Egypt, Nov 17 (Reuters) - A tremendous amount of work is needed to turn a draft COP27 text into something all parties can agree on,…

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EU agrees law to expand its woodlands and other carbon sinks

BRUSSELS, Nov 11 (Reuters) - The European Union has agreed to a law to expand its forests, marshes and other "sinks" that absorb carbon dioxide (CO2), a measure that could…

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Microsoft’s president warns of talent shortage for tackling climate change

(Reuters) - Thousands of businesses will fail to meet pledges to combat climate change unless they start training employees on sustainability, Microsoft Corp's President Brad Smith told Reuters. Speaking ahead…

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ECB wants to put banks on schedule to meet climate goals

FRANKFURT, Nov 2 (Reuters) - Euro zone banks still largely fail to meet the European Central Bank's climate disclosure and management expectations, and laggards who keep failing deadlines could be…

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COP27: World on track to increase emissions 10.6% by 2030 – UN report

LONDON, Oct 26 (Reuters) - If countries fulfill their current climate commitments, global greenhouse gas emissions will rise by 10.6% by 2030 compared to 2010 levels, according to a United…

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‘Massive gaps’ seen in countries’ plans to tackle climate change -study

WASHINGTON (Reuters) - The latest pledges by countries to tackle global warming under the Paris Agreement are "woefully inadequate" to avert a rise in global temperatures that scientists say will…

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EU countries meet to agree stance for U.N. climate negotiations

By Kate Abnett BRUSSELS, Oct 24 (Reuters) - European Union countries will attempt on Monday to agree their negotiating position for this year's U.N. climate talks, including on the contentious topic of…

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Italian economy faces threat from climate change – central bank

ROME, Oct 19 (Reuters) - Rising temperatures risk stunting the growth of the Italian economy over the coming decades, with sectors such as agriculture and tourism among the hardest hit,…

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Concern about climate change shrinks globally as threat grows – study

BERLIN, Oct 19 (Reuters) - Concerns about climate change shrank across the world last year, a survey shows, with fewer than half those questioned believing it posed a "very serious…

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Heat waves, flood, drought: Four in five of world’s cities at risk, study shows

Oct 13 (Reuters) - Four in five cities across the world are facing significant climate hazards such as heat waves, floods and droughts, data from environmental disclosure non-profit CDP showed…

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Farm and food investors face $150 billion loss on climate change – report

Top farming and food firms could lose up to a quarter of their value by 2030 if they do not adapt to new government policies and consumer behavior tied to…

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The Mediterranean has experienced record sea temperatures this summer: this could devastate marine life

by - John Spicer Professor of Marine Zoology, University of Plymouth - The Conversation The ocean sustains all life on our planet. It provides food to eat and oxygen to…

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China warns that its temperatures are rising faster than global average

SHANGHAI (Reuters) - China's average ground temperatures have risen much more quickly than the global average over the past 70 years and will remain "significantly higher" in the future as the challenges…

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Rich countries failed to meet their climate funding goal

BRUSSELS, (Reuters) - Rich nations failed to meet a long-standing pledge to deliver $100 billion to help poorer countries cope with climate change, the OECD said. Back in 2009, developed countries promised…

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Wildfire burns coastal homes in Greek island Lesbos, beach resort evacuated

ATHENS (Reuters) -A wildfire that started in mountainous forests on the Greek island of Lesbos near Turkey on Saturday burned properties at the beach resort of Vatera as more aircraft…

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EXPLAINER-How climate change drives heatwaves and wildfires

(Reuters) - Brutal heatwaves are gripping both Europe and the United States this week and are forecast to dump searing heat on much of China into late August. In addition to temperatures…

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Biden unveils $2.3bn plan to fight climate change

SOMERSET, Mass./WASHINGTON(Reuters) - U.S. President Joe Biden said on that climate change is an emergency but stopped short of a formal declaration, announcing a modest package of executive actions and…

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‘Climate change affects everyone’: Europe battles wildfires in intense heat

JERTE, Spain July 17 (Reuters) - Authorities across southern Europe battled on Sunday to control huge wildfires in countries including Spain, Greece and France, with hundreds of deaths blamed on soaring temperatures that scientists say…

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European Parliament to tackle hundreds of amendments in key votes on climate policies

he European Parliament will vote this week on a raft of EU climate change policies designed to cut Europe's emissions over the next decade, with proposals facing multiple amendments and the outcome…

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Bank of England tells banks to take climate action now or face profit hit

Banks and insurers that fail to manage climate risks as a "first-order" issue could face a 10% to 15% hit to annual profits and higher capital requirements, the Bank of England (BoE)…

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EU lawmakers back effective ban on new fossil-fuel cars from 2035

Lawmakers on the European Parliament's environment committee backed an EU plan to effectively ban new petrol and diesel car sales from 2035, while voting against proposals for tougher targets to…

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Only severe emissions cuts will avoid climate extremes -U.N. report

Drastic cuts to fossil fuel use. Growing forests and eating less meat. These are just some of the actions needed in this decade to contain global warming to 1.5 degrees…

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Climate-related disasters pose ‘major’ growth threat in Middle East, Central Asia – IMF

WASHINGTON, March 30 (Reuters) - The frequency and severity of climate-related disasters are rising faster in the Middle East and Central Asia than anywhere in the world, posing a "major threat" to…

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UN climate report urges world to adapt now, or suffer later

Climate change is upon us and humanity is far from ready, the United Nations climate panel warned in a major report on Monday. Noting that nearly half the world's population…

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Key EU lawmaker wants rules to prevent countries dodging emissions cuts

BRUSSELS, Jan 17 (Reuters) - The European Union needs tougher rules and financial penalties to ensure each country cuts greenhouse gas emissions to deliver the bloc's climate targets, according to…

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Activists behind Shell climate verdict target 30 multinationals

AMSTERDAM/LONDON -The Dutch wing of environmental group Friends of the Earth, which won a landmark court victory against Royal Dutch Shell last year, is targeting 30 major corporate emitters in…

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WEF says increased global divide will make fight against climate change harder

The Covid-19 pandemic have deepened the global divide between rich and poor countries and will make it harder to find common cause in the fight against climate change, according to…

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Huge toll of extreme weather disasters in 2021

Weather events, linked to a changing climate, brought misery to millions around the world in 2021 according to a new report. The study, from the charity Christian Aid, identified 10…

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EU to unveil part two of climate change policy overhaul

BRUSSELS, Dec 15 (Reuters) - European Union policymakers will on Wednesday outline a second set of proposals to cut emissions across its economy this decade and put the 27-country bloc…

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EU to propose requirements that countries renovate energy-guzzling buildings

The European Union is poised to propose requirements for member countries to renovate their worst-performing buildings by the end of the decade to cut emissions and make them more energy…

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Feed to cut cow methane emissions gets provisional nod in EU

BRUSSELS, Nov 19 (Reuters) - A feed additive that reduces emissions of potent greenhouse gas methane from cattle could be the first of its kind to come to market in…

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COP26 agreement ‘timid step forward’, EP Socialists say

The Socialists and Democrats in the European Parliament described the conclusions of the COP26 climate conference as a timid step forward in the right direction, expressing regret that big players…

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Climate-linked health risks to rise, COP26 panelists warn

If you thought the COVID pandemic was disruptive and deadly, climate change will be so much worse. So said a slew of panelists Tuesday at the U.N. climate talks in…

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Obama tells COP26 to help poor nations, chides China and Russia

Former U.S. President Barack Obama called on Monday for rich nations to end years of deadlock with developing countries over cash for climate change, and criticised China and Russia for…

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EXPLAINER-What’s the difference between 1.5°C and 2°C of global warming?

GLASGOW, Nov 8 (Reuters) - Over and over at the U.N. climate summit in Glasgow, world leaders have stressed the need to limit global warming to 1.5 degrees Celsius. The…

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MEPs push for high ambitions at COP26 in Glasgow

It is "worrying" that big polluters like China and Russia have not taken part in a global climate change conference, MEP Lidia Pereira said. "I think there’s still room to…

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EU watchdog says insurers could face climate tests in 2023

Insurers could face European climate stress tests as soon as 2023, the head of the EU's insurance regulator said at the Reuters Future of Insurance Europe conference this week. The…

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China says Xi was given no option for video address to COP26

China said on Tuesday that President Xi Jinping was not given an opportunity to deliver a video address to the COP26 climate talks in Scotland and had to send a written…

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Modi says India targets net zero emissions by 2070

India's prime minister used the COP26 climate talks to announce 2070 as the target for his country to reach net zero carbon emissions, two decades beyond what scientists say is…

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