BlackRock, an investment fund that manages nearly $7 trillion, will “reshape” its strategy toward investments that support environmental sustainability, according to a letter to investors from its founder and Chief Executive Larry Fink, as The New York Times reported. In the letter, Fink wrote, “Climate change has become a defining factor in companies’ long-term prospects […]
COP25, the UN Climate Change Conference, begins today in Madrid, and UN Secretary-General António Guterres wants everyone to know the stakes are high. “[C]limate change is no longer a long-term problem. We are confronted now with a global climate crisis,” Guterres said before the conference on Sunday. “The point of no-return is no longer over […]
By Courtney Lindwall President Trump says fulfilling the country’s commitment to the Paris climate agreement would be bad news for the U.S. economy, but the growing tally of business leaders pledging to take action anyway suggests otherwise. These businesspeople understand that while climate action costs money, climate change costs far more. More than 2,200 businesses […]
A new report from the United Nations found that the world is headed toward climate catastrophe if countries around the world do not reduce their greenhouse emissions drastically and quickly. It came out one week before the 2019 United Nations Climate Change Conference, also known as COP25, opens in Madrid. The Emissions Gap Report released […]
By Andy Rowell The press release from the World Meteorological Organization (WMO) says it all: “Another year, another record.” It is a record we do not want. It is a record of political failure. It is a record based on the politics of climate denial. We have crossed another climate threshold that, yet again, signals […]
While most of the world is reducing its dependence on coal-fired power because of the enormous amount of greenhouse gases associated with it, China raised its coal fired capacity over 2018 and half of 2019, according to a new study. Over the 18-month period that ended in June, China bucked the international trend and raised […]
Governments are producing fossil fuels at a rate 120 percent above compliance with Paris agreement goals, a landmark report from the UN Environment Programme found. Planned fossil fuel extraction by 2030 would also double what would be required to limit warming to two degrees celsius. This puts the Paris agreement goal of limiting warming to […]
Sea level rise will change the landscape of coastlines and challenge our ability to adapt over the next couple of centuries, even if all the 2030 emissions targets set in the Paris agreement are met, according to a new study published in the Proceedings of the National Academy of Sciences (PNAS). Just like a large […]
New Zealand politicians reached across the aisle this week to pass a historic bill aiming to get the country to zero emissions by 2050 and fulfill its commitments under the Paris agreement. In a 119 to one vote, the bill, which commits New Zealand to keeping global warming below 1.5 C through a variety of […]
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