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Groups issue guidance to finance giants on aligning with Paris Agreement goals

Paris Agreement

The world’s biggest banks, insurers and money managers are under pressure from the public, politicians, and their shareholders to commit to long term climate goals. Some have already affirmed that they will align their financing with the 2015 Paris Agreement and its goal of a 1.5-degree Celsius cap on climate change. Many more announcements of this type are likely to ...

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Paris Agreement, Africa, and energy transition

Paris Agreement

By most measures, the Paris Agreement is a bad deal for African countries – signing on to bear the economic brunt of fixing a problem to which they have contributed very little. Yet, it could also prove to be a perfectly timed blessing in disguise for Africa’s energy future that would be a shame to see go to waste. Jubilation ...

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UN urges nations to submit climate plans ahead of COP26

patricia espinosa

The United Nations Framework Convention on Climate Change (UNFCCC) has called on countries to submit updated Paris Agreement plans ahead of the 26th Session of the Conference of the Parties (COP26) scheduled to hold in 2021. Patricia Espinosa, executive secretary of the UNFCCC Late last week, UNFCCC Executive Secretary, Patricia Espinosa, sent out a letter to all 197 parties in ...

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Espinosa urges ministers to unlock Paris Agreement’s full potential

patricia espinosa

Against the backdrop of the Coronavirus pandemic, the 4th session of the Ministerial on Climate Action (MoCA) took place on Tuesday, July 7, 2020 with a focus on aligning global recovery measures with the Paris Agreement, and improving resilience against future crises. Patricia Espinosa, executive secretary of the UNFCCC The virtual meeting was jointly chaired by the European Commission’s Executive Vice-President, Frans Timmermans; ...

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South Africa bankrolling billions in fossil fuels, report reveals

President Cyril Ramaphosa of South Africa

A new report released on Thursday, June 11, 2020 by Friends of the Earth U.S. and Oil Change International reveals South Africa provided at least ZAR (South African Rand) 2.2 billion ($153 million) a year in trade and development finance for coal projects 2016 to 2018. President Cyril Ramaphosa of South Africa In total, the report found G20 countries have been providing ...

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Rwanda, Andorra submit updated NDCs

President Paul Kagame

The Secretariat of the United Nations Framework Convention on Climate Change (UNFCCC) has received 2020 nationally determined contributions (NDCs) from Rwanda and Andorra. Rwanda’s updated NDC  and Andorra’s second NDC bring the number of Parties to the Paris Agreement on climate change that have submitted their 2020 NDCs to 10. President Paul Kagame of Rwanda (right) during a function. Photo credit: Hope ...

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US formally indicates intention to quit Paris climate deal

Donald Trump, US president

The US on Friday, August 4, 2017 issued its first written notification that the country intends to withdraw from the 2015 Paris Agreement climate change. But in the notice to the United Nations, the US Department of State said Washington would remain in the talks process. Friday’s announcement is seen as largely symbolic as no nation seeking to leave the ...

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Millions of Americans in support of climate action, study finds

Donald Trump, US president

Even as the Donald Trump Administration in the US seeks to roll back and eliminate government programs to address climate change, a national survey conducted recently by the Centre for Climate Change Communication of the George Mason University in Fairfax, Virginia, finds that a majority of American voters support more climate action. A majority of registered voters – including large majorities of ...

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Haiti emerges 157th Party to Paris Agreement

Jovenel Moïse

The Republic of Haiti on Monday, July 31, 2017 deposited its instrument of ratification of the Paris Agreement on Climate Change. The French-speaking Caribbean nation thus becomes the 157th country to endorse the global treaty, after the Netherlands, which ratified the climate accord on Friday, July 28, 2017. According to the United Nations Framework Convention on Climate Change (UNFCCC), Haiti’s ratification of the ...

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The Netherlands ratifies Paris Agreement

Mark Rutte

The Netherlands on Friday, July 28, 2017 deposited its instrument of ratification of the Paris Agreement on Climate Change. The northwestern European nation thus becomes the 156th country to endorse the global treaty, after Venezuela and Serbia, which ratified the climate accord respectively on Friday, July 21 and Tuesday, July 25, 2017. According to the United Nations Framework Convention on Climate Change ...

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