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LONDON, Nov 28 (Reuters Breakingviews) - The success of the Dubai climate shindig rests on how much it slashes emissions via cuts to oil production, and how much it relies on carbon storage or removal. In this Exchange podcast, Energy Transitions Commission chair Adair Turner warns against relying on the latter. Listen to the podcastFollow @gfhay on XSubscribe to Breakingviews’ podcasts, Viewsroom and The Exchange. Editing by Thomas ShumOur Standards: The Thomson Reuters Trust Principles. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Persons: Adair Turner, Thomas Shum Organizations: Reuters, Energy, Thomson Locations: Dubai
How to crack the climate free rider problem
  + stars: | 2023-07-10 | by ( Hugo Dixon | ) www.reuters.com   time to read: +7 min
For example, the United States, China and Europe are engaged in a green subsidy race that is driving down the cost of clean technology. Extending such a scheme to the members of a G7-led climate club is tricky. Without a big carrot and a big stick, though, the climate club will be a low-key affair. And if Biden wins re-election next year, the prospects of a more ambitious G7 climate club and cooperating with China would improve. Either – or both – would go a long way to solving the climate free rider problem.
Persons: Don’t, It’s, William Nordhaus, , Isabel Hilton, Adair Turner, Joe Biden, Donald Trump, Biden, Peter Thal Larsen, Oliver Taslic, Thomas Shum Organizations: Reuters, , Reuters Graphics Reuters, European Union, Bank, Trade, United, Economic Co, Development, U.S, Energy, Commission, White, Thomson Locations: United States, Canada, Beijing, China, Europe, India, Vietnam, Washington, Argentina, Indonesia, Republic
Ukraine has more pluses than minuses for climate
  + stars: | 2022-09-26 | by ( Hugo Dixon | ) www.reuters.com   time to read: +8 min
This new “dash for gas” could lock in irreversible global warming or create a mass of stranded assets, according to Climate Action Tracker. Register now for FREE unlimited access to Reuters.com RegisterZOMBIE DIPLOMACYAs if this is not enough, climate diplomacy has broken down. Dialogue between Xie Zhenhua and John Kerry, the two countries’ top climate diplomats, created momentum around last year’s COP26 talks. The agency now expects global gas demand between 2021 and 2025 to rise by less than half the amount it previously forecast. The world is heading to at least 2.4 degrees of warming, if not more, according to Climate Action Tracker.
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