Climate

Delegates meeting in Dubai agreed Thursday on the operationalization of a fund that would help compensate vulnerable countries coping with loss and damage caused by climate change, a major breakthrough on the first day of this year’s UN climate conference.Delegates meeting in Dubai agreed Thursday on the operationalization of a fund that would help compensate […]

Deadly torrential rains and floods have affected more than two million people in several areas of Somalia, with over 100 killed and 750,000 displaced from their homes, the authorities and humanitarian partners said on Thursday in the capital, Mogadishu.  Deadly torrential rains and floods have affected more than two million people in several areas of Somalia,

Reuters was first to report that Four major banks, including Standard Chartered Plc (STAN.L) and HSBC Plc (HSBA.L), have quit a United Nations-backed initiative to scrutinise climate targets set by corporations. The post Four banks quit initiative assessing climate targets  appeared first on Reuters News Agency. Reuters was first to report that Four major banks,

Reuters exclusively reported that The $11 billion multilateral lender Climate Investment Funds, which works with the World Bank and others to accelerate investment in the developing world, has appointed Tariye Gbadegesin as its new chief executive, the first African to take the helm.   The post Climate Investment Funds appoints Tariye Gbadegesin as CEO  appeared first

Reuters exclusively reported that Canada’s First Quantum Minerals was considering putting its key Panama copper miner on care and maintenance from Nov. 23, effectively shutting production at a mine that accounts for about 1% of global output. Citing sources familiar with the matter, Reuters reported that the move follows protests that blocked coal from reaching

Reuters exclusively reported that the European Commission has proposed imposing methane emissions limits on EU gas imports from 2030, a move that would pressure the bloc’s international fossil fuel suppliers including the U.S. to cut leaks of the potent planet-warming gas.  The post EU executive proposes methane emissions limit on gas imports   appeared first on

Reuters exclusively reported that Scientists and government authorities were working on an early warning system for glacial floods at a Himalayan lake in northeast India when it broke its banks this week with deadly consequences. Mountainous Sikkim state plunged into chaos on Wednesday as floods spurred by heavy rain and an avalanche killed at least 40

Reuters exclusively reported that one of the world’s top insurers is considering a private sale or stock market listing of its property reinsurance business in a bid to cut its exposure to natural disasters like hurricanes. The post AXA weighs offloading $2 billion reinsurance arm to cut disaster risk appeared first on Reuters News Agency.

Sources exclusively revealed to Reuters that the U.S. government could delay a decision on giving electric vehicle (EV) manufacturers tradable credits under a renewable fuel scheme, due to concern about legal challenges to the plan.  The post US government may delay decision on electric vehicles biofuel program appeared first on Reuters News Agency. Sources exclusively

Reuters exclusively discovered that gas flaring from the vast Ixachi field in Veracruz state not only continued, it increased after Pemex promised to stop burning natural gas from the Southeast Mexican field amid mounting pressure to improve its poor environmental record. The post <strong>Mexico’s Pemex increased gas flaring at top field, despite pledge to stop</strong>