By investing US$1.83 trillion - about 2% of global GDP - per year in cutting urban emissions, national governments would generate annual returns worth US$2.80 trillion in 2030 and US$6.98 trillion in 2050, a report released Thursday (19 September) finds.
The failure of wealthy nations to deliver on short-term climate commitments could hinder the rollout of a landmark treaty, a bloc of 134 developing countries, including India and China, warned Thursday (9 November) at UN negotiations in Bonn.
EXCLUSIVE / Michael Bloomberg, the former mayor of New York, will be in the driving seat of a new global alliance of cities to tackle climate change, despite the EU having pioneered the idea of coordinating mayors to fight global warming.
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