On Monday, the 23rd annual Conference of the Parties (COP23) kicked off in Bonn under the UN Framework Convention on Climate Change (UNFCCC) with the main aim to set the grounds of the Paris Agreement implementation.
Fiji has become the first emerging market to issue a sovereign green bond after it raised 100 million Fijian dollars to finance climate mitigation and adaptation projects.
This week, the We Are Still In coalition announced its big plans for the upcoming 23rd Conference of the Parties as an indication of robust support for the UN climate talks.
This last week has seen three country announcements for major plans to phase out energy generation facilities fuelled by coal, with Netherlands announcing the decommissioning of all coal power plants by 2030 and UK and Canada announcing they will champion a global alliance on the transition from coal during the upcoming COP23.
President Trump administration’s move to abolish the Clean Power Plan has provoked multiple reactions from States, businesses and environmental groups questioning the rationality of the decision from both moral and economic perspective.
Scientists increasingly agree that planet Earth has only limited and finite natural resources. Traditional economic models were built around linear business models; extract cheap and easily accessible natural resources as raw materials for production, use the products for a limited amount of time to keep material production going, and waste what we no longer use to landfill.
The energy sector is considered one of the most carbon-intensive ones, with 70% of global GHG emissions coming straight from fossil fuel combustion for heat and power. The energy transition is in the heart of climate change mitigation efforts all around the world, with the international community working with one accord towards solving the energy puzzle.
US Governors are reported to have a more visible than usual activity during this year’s United Nations General Assembly, taking place this week in New York City, aiming to persuade the international community that States will keep their commitment to the Paris goals.
During the past week, more and more media report that the US stance on the landmark climate agreement is softening, leaving wide room for interpretation that maybe the US is ready to re-negotiate its participation to the Agreement.
The annual major gathering of international climate leaders, the Climate Week NYC, is taking place between 18-24 September paving the way for this year’s COP23, taking place in November in Bonn, where world leaders will convene to discuss the implementation of the Paris Agreement.
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