The Intergovernmental Panel on Climate Change (IPCC) has released a new report on different ways global warming can be kept within the 1.5°C limit. The panel seeks to inform policymakers before the upcoming COP24 in Poland this December. Resulting from their analysis, the 91 authors state that drastic action and significant investments are needed. Such climate action across all sectors would have significant positive effects on sustainable development progress, they say.
While global coal mining companies are enjoying the highest prices in years on the back of boosted Asian demand, banks and financiers are increasingly ending their support for coal power. London-based Standard Chartered the latest to stop financing new coal-fired stations.
According to a new report released by Climate Action Network (CAN) Europe, no single EU country is performing sufficiently in both showing ambition and making progress in reducing carbon emissions, thus casting a long shadow over the Paris Agreement objectives. Sweden is leading the charge in fighting climate change, followed by Portugal and France.
As global energy demand went up by 2.1% in 2017, more than twice that of 2016, renewables saw the highest growth rate of any energy source, meeting a quarter of global energy demand. According to preliminary estimates from the IEA, solar PV accounted for 27% of the growth in renewables-based power output last year.
Inequality will widen with many poorer parts of the US on course to see their income reduced by 20% if climate change continues to accelerate.
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