Climate Change

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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BlackRock raises $673 million for climate-focused infrastructure fund

BlackRock Inc told Reuters it has raised a target-beating $673 million for an infrastructure fund with backing from the French, German and Japanese governments to invest in climate-focused projects such…

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Deliver on promises, developing world tells rich at climate talks

A crucial U.N. conference heard calls on its first day for the world's major economies to stick to promises of financial help to address the climate crisis, while big polluters India and…

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Climate, COVID and the economy top G20 agenda at Rome summit

By Crispian Balmer and Jan Strupczewski ROME, Oct 30 (Reuters) - The heads of the world's 20 biggest economies kicked off two days of talks on Saturday where they were…

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G20 leaders to commit to tackle ‘existential’ climate challenge – draft

The world's 20 richest countries will commit this weekend to tackling the existential threat of climate change, paving the way for more detailed action at a UN climate change summit…

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Wildfires, logging turn protected forests into carbon emitters -report

Some of the world's most protected forests are emitting more carbon than they absorb, driven by things like logging and wildfires, a new report said, with researchers alarmed that protected…

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Each day without climate action is ‘a day wasted’ – UK’s Attenborough

British naturalist David Attenborough warned world leaders on Tuesday it would be too late to tackle climate change if a U.N. climate summit in Scotland does not succeed, and said richer…

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Explainer-Climate change: what are the economic stakes?

COP26 climate talks in Glasgow starting next Sunday may be the world's best last chance to cap global warming at the 1.5-2 degrees Celsius upper limit set out in the…

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Chinese President likely to miss Climate Summit

The leaders of most of the world's biggest greenhouse gas emitters gather in Glasgow from Sunday, aiming to thrash out plans and funds to tilt the planet towards clean energy.…

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Britain sets out long-term fund rules to aid climate action, COVID recovery

LONDON, Oct 25 (Reuters) - Britain's financial watchdog set out new rules for funds that invest over the longer term to help tackle climate change and economic recovery from COVID-19,…

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New nuclear reactors can help France become carbon neutral by 2050 -RTE

PARIS, Oct 25 (Reuters) - French grid operator RTE said next generation nuclear reactors offer an affordable path to shifting the country's energy mix away from fossil fuels and make…

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UN warns world ‘way off track’ as greenhouse gases soar

GENEVA, Oct 25 (Reuters) - Greenhouse gas concentrations hit a new record in 2020, the U.N. weather agency said on Monday, warning that the world was "way off track" to…

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Guilt, grief and anxiety as young people fear for climate’s future

Overwhelmed, sad, guilty are some of the emotions young people say they feel when they think of climate change and their concerns world leaders will fail to tackle it. Broadly…

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Italy struggles to name climate envoy as ministers argue over name

Italy, joint host of a key United Nations climate summit just over a week away, has still not found a special envoy to represent it because the ministers responsible for…

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UPDATED: Top oil exporter Saudi Arabia targets net zero emissions by 2060

RIYADH, Oct 23 (Reuters) - Saudi Arabia's crown prince said on Saturday that the world's top oil exporter aims to reach zero-net emissions by 2060 and will more than double…

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Prince Charles says “dangerously narrow window” to accelerate climate action

RIYADH, Oct 23 (Reuters) - Britain's Prince Charles, in recorded remarks at an environment event in Saudi Arabia on Saturday, said there was a "dangerously narrow window" to accelerate climate…

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New Zealand passes climate change disclosure laws for financial firms in world first

SYDNEY, Oct 21 (Reuters) - New Zealand has become the first country to pass laws requiring banks, insurers and investment managers to report the impacts of climate change on their…

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G20 split over coal, 1.5 degree climate limit ahead of Rome summit – sources

ROME, Oct 21 (Reuters) - The Group of 20 rich countries are divided over phasing out coal and committing to limit global warming to 1.5 degrees Celsius as they prepare…

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Euro zone banks should be legally bound to climate transition plans, ECB says

Euro zone banks should be legally bound to adopt plans that spell out how they will mitigate their exposure to climate-related risks over the next 30 years, European Central Bank…

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Russia is making EU climate goals look ‘ridiculous’, says Poland’s Kaczynski

Russian actions concerning gas supply have made advocates of the European Union's plan to tackle climate change look "ridiculous", the leader of Poland's ruling party said in an interview published…

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Australians’ climate fears grow as government mulls tighter emissions targets

A record high number of Australians are worried about climate change, according to a survey published on Wednesday, confirming a growing shift in favour of climate action in a country that has suffered devastating bushfires…

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Climate change set to worsen resource degradation, conflict, report says

A vicious cycle linking the depletion of natural resources with violent conflict may have gone past the point of no return in parts of the world and is likely to…

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