Reuters Exclusive: ADB increases climate finance after US, Japan give world's first sovereign guarantees 12/11/2024

The Asian Development Bank will increase its climate-related lending by up to $7.2 billion after the United States and Japan agreed to underwrite risk for some existing loans, an ADB executive said, marking the first ever sovereign guarantees for climate finance. ...more

Global biodiversity offsetting doesn’t work – keep schemes local, say experts 12/11/2024

International biodiversity offsetting “doesn’t work”, according to experts aiming to create a nature market that avoids the pitfalls of carbon offsets. ...more

Saudi Arabia imposes SR5 million fines and deportation for environmental offenses 11/11/2024

The Saudi Ministry of Environment, Water and Agriculture has announced amendments to penalties for environmental violations, imposing fines of up to SR5 million and deportation for non-Saudi offenders. ...more

Explainer: What is the point of a UN climate COP? 11/11/2024

Tens of thousands of people from around the globe will gather this week for COP29, the annual U.N. climate summit, in Azerbaijan's capital of Baku. ...more

What is net zero and how are the UK and other countries doing? 11/11/2024

In order to help meet international climate targets, the world needs to cut carbon dioxide emissions to 'net zero' by 2050, the UN says. ...more

Brazil announces new climate change pledge ahead of COP29 summit 11/11/2024

Brazil announced details of its new climate change pledge late on Friday night that sets a target to lower the country's greenhouse gas emissions by 2035, which it will present during the United Nations climate summit COP29 in Azerbaijan, according to a government statement. ...more

Trump prepares to withdraw from Paris climate agreement, NYT reports 11/11/2024

U.S. President-elect Donald Trump's transition team has prepared executive orders and proclamations on withdrawing from the Paris climate agreement and shrinking the size of some national monuments to allow more drilling and mining, the New York Times reported on Friday. ...more

SHORT TAKE UAE pledges to cut emissions by 47% by 2035 8/11/2024

The United Arab Emirates committed to cut its planet-warming emissions by 47% compared with 2019 levels by 2035 in its new national climate plan released on Thursday, ahead of next week's United Nations COP29 climate summit in Azerbaijan. ...more

COP29: What are the key issues at the UN climate summit in Baku? 8/11/2024

This month's U.N. climate summit - COP29 in Baku, Azerbaijan - has been dubbed the "climate finance COP" for its central goal: to agree on how much money should go each year to helping developing countries cope with climate-related costs. ...more

Trump victory is a major setback for climate action, experts say 8/11/2024

Donald Trump's return to the White House will have a hugely negative effect on climate change action in the short-term but the longer term impact is less certain, experts say. ...more