Climate

North Carolina Town Launches First U.S. Climate Lawsuit Against a Utility Company

North Carolina Town Launches First U.S. Climate Lawsuit Against a Utility Company

The small North Carolina town of Carrboro has initiated the country’s first climate accountability litigation against an electric utility. The lawsuit, filed on Wednesday, claims Duke Energy waged a “deception campaign” in order to obscure the climate hazards of fossil fuels. This led to delayed action in curbing planet-warming emissions, which caused the costs of […]

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    Extreme Droughts Lead to Record-High Coffee Prices

    Extreme Droughts Lead to Record-High Coffee Prices

    Extreme weather, including intense droughts, in top coffee-growing countries such as Brazil and Vietnam has led to some of the highest coffee prices in decades. As Reuters reported, prices for coffee futures reached a 47-year high of $3.3545 per pound for Arabica coffee on the Intercontinental Exchange, Inc. (ICE) and prices for this commodity rose […]

    Barbados Completes World’s First ‘Debt-for-Climate’ Swap

    Barbados Completes World’s First ‘Debt-for-Climate’ Swap

    Barbados has secured the world’s first “debt-for-climate” swap to finance crucial water and sewage projects that will help the island cope with the destructive impacts of climate change. Through a deal with international funding partners, the Caribbean island nation was able to replace outstanding debt with less expensive financing, which generated a savings of $125 […]

    COP16 to Address Global Land Degradation and Desertification Begins in Saudi Arabia

    COP16 to Address Global Land Degradation and Desertification Begins in Saudi Arabia

    Following the recent United Nations biodiversity and climate conferences, the 16th Conference of the Parties (COP16) of the UN Convention to Combat Desertification (UNCCD) began Monday in Riyadh, Saudi Arabia, with the goal of tackling drought, desertification and land degradation. The UN has found that, in order to restore the planet’s degraded lands and prevent […]