Whether humankind fails or succeeds in keeping the rise in global temperatures within manageable levels, central banks will sooner or later be called upon to act, said Benoît Cœuré, a member of the European Central Bank's (ECB) Executive Board.
The terms of the Paris Agreement are set in stone, the EU, China and Canada agreed at a summit in Montreal this weekend, while Washington was forced to deny that the US is planning to stay in the accord.
EU officials are scrambling to persuade US President Donald Trump not pull out of the Paris climate accord after his advisers warned of legal problems if Washington stayed in but lowered its commitments.
A group of French NGOs and trade unions has proposed an alternative route to translate Paris Agreement goals into social progress and jobs. The project would be financed using new resources and green monetary policy. EURACTIV France reports.
History was made in France a little over a year ago when national delegates from across the world agreed on a landmark climate deal. With the Paris Agreement now ratified, the host nation is introducing a plethora of fresh green legislation. EURACTIV's media partner edie.net reports.
Energy and digital infrastructure projects are expected to receive a further €200 billion funding boost under plans to be announced today (14 September) by the President of the European Commission in his State of the Union address.
The inability of the EU's member states to agree on an effort-sharing deal could delay the ratification of the Paris Agreement until late 2017. This would see the climate deal enter into force without the world's biggest economic bloc. EURACTIV France reports.
As the COP 22 in Marrakesh approaches, and with energy at the heart of the development and climate debate, economic actors are focusing their efforts on bringing power to the African continent. EURACTIV's partner La Tribune reports.
Mediterranean countries have vowed to accelerate implementation of the commitments struck in the Paris agreement last December and push forward a number of national and transnational initiatives to combat global warming, ahead of the end-of-the-year climate summit in Marrakesh.
The European Commission is having “very intense discussions” with member states over the individual emissions reduction percentage that they will be assigned to reduce emissions in sectors not covered by the Emissions Trading Scheme, a top EU official told journalists today (31 May).
Indonesia, already one of the world's biggest carbon emitters, plans to build a further 100 coal-fired power stations by 2019. This would seriously jeopardise the country’s COP 21 commitments. EURACTIV France reports.
Until the EU can agree on how to share its responsibility for climate action, it will not be able to sign the Paris deal. A high ambition coalition could accelerate this process. EURACTIV France reports.
The Paris climate agreement, the hard-won fruit of the COP21 conference last December, has been a subject of vigorous debate ahead of the European Council summit on 17 and 18 March. EURACTIV France reports.