Five out of the world’s six largest listed oil companies risk wasting over 30% of their spending – with a total value of $2.3 trillion – on projects that are not aligned with goals of the Paris Agreement. They therefore need to reconsider investments in order to protect the interests of investors. This is the main conclusion of a new ...
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Next two years critical for low-carbon pathway – Espinosa
Executive Secretary of the United Nations Framework Convention on Climate Change (UNFCCC), Patricia Espinosa, in an article she authored and published in the “Ministers Reference Book: Commonwealth 2017”, says that the next two years must see major progress towards the low-carbon, sustainable development model which offers the only realistic path to security and well-being for all people. The Paris Climate Change ...
Read More »Transport sector must fast-track shift to low carbon
Current and foreseeable policies to mitigate carbon-dioxide (CO2) emissions from global transport activity will not suffice to achieve the international community’s climate ambitions, a new study published by the International Transport Forum (ITF) finds. Continued strong growth in demand for mobility means that even in the most optimistic scenario, transport CO2 emissions in 2050 will still be at 2015 levels ...
Read More »Obama: We seek agreement that ensures global economy is low-carbon compliant
On the sidelines of the ongoing UN Climate Change Conference (COP21) in Paris, President Barack Obama of the United States of America on Tuesday held a session with media executives, where he shed some light on a range of topical issues. Excerpts: PRESIDENT OBAMA: Good afternoon. Once again, I want to thank the people of France and President Hollande for ...
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