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climate action summit

Charitable Foundations Pledge $4 Billion for Global Climate Action

Announced at the 2018 Global Climate Action Summit, the $4 billion pledged is to be invested in advancing deployment of low- and zero-carbon solutions.

new climate economy

Path to New Climate Economy Leads to $26 Trillion in Economic Benefits

The potential rewards of making the transition to sustainable, circular economies are greater than originally estimated – including $26 trillion worth of economic benefits globally out to 2030. We’re at a critical juncture regarding the forging a new, climate-conscious economy and avoiding the profound impacts of runaway global climate warming, however, according to the Global Commission on the Economy and Climate.

permafrost

New Research More than Doubles Rate of Abrupt Thawing of Arctic Permafrost Beneath Thermokarst Lakes

The warming climate may cause the release of a massive, unanticipated burst of methane and carbon dioxide long-locked up in permafrost beneath Arctic lakes by the middle of this century, according to a new study from NASA. Permafrost has been thawing more rapidly as a result of the warming climate and mean annual temperatures have been rising more rapidly in…

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World Bank Group Climate Finance Rises to Record High Levels

The World Bank Group financed a record-high $20.5 billion in finance for country-level climate action in fiscal year 2018. All told, 32.1 percent of the global development bank group’s financing had what’s termed climate co-benefits. That exceeds a target of 28 percent by 2020.

reforestation

Rotary Club Helps Fund Innovative Reforestation-Agricultural Development in Haiti

Creating a tree nursery is the first phase of a program, and possibly a global grant, that will see local, smallholder farmers plant and care for trees in return for seed, tools and training.

EU emissions reduction 2020 targets

Germans Take to the Streets, Urge Government to Do More to Phase Out Coal Use

Germans took to the streets in Berlin, Hamburg and other major German cities late last month urging their government to ramp up efforts to eliminate coal use. The demonstrations took place as a national commission charged with charting a path towards eliminating coal met for the first time in Berlin, Deutsche Welle reported. Successfully transitioning from fossil fuel and nuclear…

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fossil fuel subsidies

US Tops Ranks of G7 Governments Failing to Phase Out Fossil Fuel Subsidies

G7 governments continue to provide billions of dollars to subsidize fossil fuel production and use despite pledges to phase them out completely by 2025, according to the G7 Fossil Fuel Subsidy Scorecard.