Sources say that Brazil is aiming to attract foreign investment through a green development platform.
Brazil will launch a new platform on Wednesday to attract more foreign investment into sustainable development. The platform will highlight $8 billion worth of promising private sector projects, and look to triple this portfolio within a year. Four Brazilian officials who spoke anonymously about the program before a Washington launch event…
Biden Announces Return to Global Climate Accord, New Curbs on US Oil Industry
U.S. President Joe Biden on Wednesday announced America's return to the international Paris Agreement to fight climate change, the centerpiece of a raft of day-one executive orders aimed at restoring U.S. leadership in combating global warming.The announcements also included a sweeping order to review all of…
Offshore Wind & Politics: Bernie Sanders
Offshore wind is hot, and so too is the race to win the Democratic presidential candidate nomination for the 2020 U.S. presidential election. In its October 2019 edition of Marine Technology Reporter, government reporter Tom Ewing takes a closer look at each of the Dem candidates to give insight and overview…
UN's Climate Chief Figueres to Quit
The U.N.'s climate chief said on Friday she will step down in July, at the end of a six-year term, and praised governments for reaching a 195-nation deal in Paris in December to shift the world economy from fossil fuels to cleaner energies. Christiana Figueres, a 59-year-old Costa Rican, said she would not accept any extension of her term as head of the Bonn-based U.N.
Democrats Steadfast in Demands for Axing US Oil Export Ban
U.S. Senate Democrats on Tuesday laid out a list of demands they seek before making any deal to end the 40-year-old ban on crude oil exports in the wide-ranging government funding bill. With oil prices falling to nearly seven-year lows of less than $40 a barrel, producers are desperate to open crude sales to global markets. They say lifting the ban would give U.S.
France to Spend Billions of Euros on African Green Projects
France plans to spend billions of euros in renewable energy and other environmental projects in its former west African colonies and across Africa over the next five years, President Francois Hollande said on Tuesday. Africa produces little of the greenhouse gases such as carbon dioxide, produced by burning fossil fuels, linked by scientists to rapid climate change.
Shipping Braces for post-Paris Pollution Tax
Brussels sets end-2016 deadline for CO2-cutting proposals by IMO. The shipping industry expects to be stung by a carbon levy as momentum building from climate talks in Paris starting this month makes a cut to its greenhouse gas emissions likely. Any tax - either a levy based on fuel use by diesel-driven ships or a market based mechanism - would add to rising costs for the industry…
New UN Climate Fund to Take Risks to Promote Green Tech
A new United Nations fund set up to help developing nations tackle climate change will take bigger risks than many international lenders to promote innovative green technologies, the head of the fund said on Friday. Hela Cheikhrouhou, executive director of the Green Climate Fund (GCF), told Reuters that donor…
World's Least-Polluting Nations at Table in Paris
If your country were responsible for only 0.05 percent of the world's climate-changing emissions, you might not think it worth making a plan to curb that pollution - especially when you still need to get electricity to much of your population. But the Gambian government thinks otherwise. It is already working on its contribution to a new global deal to tackle climate change…
US, Japan Miss Deadline on Cash for UN Green Climate Fund
The United States and Japan will miss a U.N. deadline on Thursday to firm up promises to provide billions of dollars for a new U.N. fund intended to help developing nations tackle global warming, the fund said. The Green Climate Fund (GCF), which wants to decide on a first set of projects to aid developing nations before a Paris U.N.
UN's Ban Concerned on Global Warming Action
U.N. Secretary-General Ban Ki-moon, expressing deep concern about slow action to combat climate change, told governments at U.N. talks in Lima on Tuesday there was no "time for tinkering" and urged a radical shift to greener economies. Ban said there was still a chance of limiting global warming to an internationally…
CIF Receives $765 Million Injection
The Climate Investment Funds (CIF), an institution that finances programs to cut greenhouse gas emissions, has received an injection of $765 million that increased CIF's total pledges to $8.3 billion, according to Mafalda Duarte, who manages the funds. The CIF, which gets its money from development banks and 14 donor countries…
UK Pledges $1.1 bln to U.N. Climate Effort
UK govt says fund now stands at around $9 bln; Berlin to host donor meeting on Thursday. Britain has pledged up to 720 million pounds ($1.13 billion) on Thursday to a United Nations fund to help poor nations cope with global warming, the government said. The contribution is equivalent to around 12 percent of the Green Climate Fund (GCF)…
U.S. Could Make Cllimate Fund Pledge
The United States may make a major contribution to a fund in November that would help poor countries prepare for and combat climate change, said the foreign minister of Peru, the country hosting a crucial round of climate negotiations in December. Peruvian Foreign Minister Gonzalo Gutierrez said U.S. Secretary of State John Kerry told him on Oct.
Hollande Says France to Offer $1b to Climate Fund for Poor
French President Francois Hollande on Tuesday announced that France will contribute $1 billion to a near-empty global fund to help poor countries adapt to the effects of climate change as he addressed the United Nation's summit on climate change. "France will contribute a billion dollars over the next few years," he said. U.N.
Is Merkel's Green Zeal Turning Brown?
German CO2 emissions up for last two years; medium-term CO2 goals in jeopardy. Use of brown coal rising during nuclear phase-out. Car emissions above EU average in big car economy. For all Angela Merkel's headline-grabbing "green revolution", Germany's image as a world leader on environmental policies is in…
UN Green Fund to Seek Cash in November
A U.N. fund to help developing nations fight global warming is on track to start raising cash in November, with poor nations seeking $15 billion, officials said on Wednesday. "Now it's time to mobilise money," Hela Cheikhrouhou, executive director of the Green Climate Fund, told Reuters after two days of talks…
