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☆ Europe's economy threatened by extreme heat, fires and floods
▼ + stars: | 2023-09-11 | by ( Olesya Dmitracova | ) edition.cnn.com time to read: +4 min

London CNN —Mounting climate risks, illustrated by the extreme heat, wildfires and floods that ravaged parts of Europe this summer, could hurt the region’s economy as soon as this year, the European Commission warned Monday. In its latest economic forecast, the European Union’s executive arm downgraded its predictions for growth in the region in 2023 and 2024. But it added that there was “formidable uncertainty” over its latest forecast, with extreme weather among the “downside” risks. Construction and manufacturing are among other economic sectors vulnerable to extreme heat, said Owen at Saltmarsh Economics. Similarly to the European Commission, on Sunday the International Monetary Fund pointed to “grave risks to economic well-being” from climate change.

Persons: ” David Owen, Kyle Holland, Owen, Kristalina Georgieva Organizations: London CNN, European, European Travel Commission, CNN, Saltmarsh, Bank of Italy, Sunday, International Monetary, Group Locations: Europe, Czech Republic, Bulgaria, Ireland, Denmark, Italy, Greece, Spain, India

☆ Amrith Ramkumar — Climate Finance Reporter at The Wall Street Journal
▼ + stars: | 2023-09-10 | by ( Amrith Ramkumar | ) www.wsj.com time to read: +1 min

Amrith RamkumarAmrith Ramkumar is The Wall Street Journal’s climate finance reporter. He also writes about environmental, social and governance—or ESG—investing. Amrith previously was a Journal markets reporter who wrote about special-purpose acquisition companies, or SPACs, when SPAC mergers were a popular alternative to traditional initial public offerings for many clean-energy startups and other companies. He also previously wrote about stocks and commodities, including battery metals such as lithium and cobalt. Amrith joined the Journal as a markets intern after graduating from Duke in 2017.

Persons: Amrith Organizations: Journal, Duke Locations: Washington ,, Wall

☆ IMF urges pact to boost its resource quota, strengthen world economy
▼ + stars: | 2023-09-10 | by ( Swati Bhat | ) www.reuters.com time to read: +2 min

Kristalina Georgieva, Managing Director of the International Monetary Fund, arrives to attend a G20 Finance Ministers' and Central Bank governors' meeting at Gandhinagar, India, July 18, 2023. "To make the global economy stronger and more resilient in a more shock-prone world, it is vital to reach an agreement to increase the IMF's quota resources before the end of the year," she said. Such a pact would secure resources needed for the Fund's interest-free support to the poorest countries through the Poverty Reduction and Growth Trust, she added. The G20 summit also pledged to strengthen and reform multilateral development banks, while accepting a proposal to regulate cryptocurrencies more tightly worldwide. Reporting by Swati Bhat; Editing by Sudipto Ganguly and Clarence FernandezOur Standards: The Thomson Reuters Trust Principles.

Persons: Kristalina Georgieva, Amit Dave, Georgieva, Swati Bhat, Sudipto Ganguly, Clarence Fernandez Organizations: International Monetary Fund, Ministers, Central Bank governors, REUTERS, Growth Trust, Thomson Locations: Gandhinagar, India, DELHI, New Delhi

☆ UK commits $2 billion to UN-backed climate fund
▼ + stars: | 2023-09-10 | by ( ) www.reuters.com time to read: +1 min

Sept 9 (Reuters) - Britain will commit to provide $2 billion to the Green Climate Fund (GCF) to help developing countries cope with climate change, Prime Minister Rishi Sunak said on Sunday at the G20 Leaders Summit in New Delhi. The pledge would be the biggest single funding commitment the UK has made to date to help the world tackle climate change, a government statement said. Britain has committed to spend 11.6 billion pounds ($14.46 billion) on international climate finance between 2021 and 2026. Government officials calculated it would have to spend 83% of the total aid budget on the international climate fund to meet the 11.6 billion pound target by 2026. It said $5.8-5.9 trillion is required by developing countries before 2030, in particular for their needs to implement their emission targets.

Persons: Rishi Sunak, Mrinmay Dey, Kim Coghill Organizations: Climate, G20, United, Guardian, Thomson Locations: Britain, New Delhi, United Nations, Bengaluru

While a major climate policy breakthrough appears unlikely at the G20 summit this weekend, experts do expect less-wealthy countries to continue pressing richer ones to provide more climate financing. Last year, rich countries agreed at a climate summit in Egypt to establish a fund that would help poor, vulnerable countries cope with climate disasters made worse by pollution from wealthy nations. “Ambitions for climate action must be matched with actions on climate finance and transfer of technology,” he wrote. But a meeting of climate ministers from G20 countries in India earlier this summer failed to produce consensus on climate-mitigation targets. There was some progress on climate finance at a G20 summit in Rome two years ago, where leaders said they would end the financing of coal power plants overseas.

Persons: Narendra Modi, ” Organizations: European Union Locations: United States, Egypt, Tuvalu, Chad, Pakistan, Pacific, India, Paris, Rome

While a major climate policy breakthrough appears unlikely at the G20 summit this weekend, experts do expect less-wealthy countries to continue pressing richer ones to provide more climate financing. In an article published in Indian newspapers on Thursday, Prime Minister Narendra Modi of India appeared to signal that climate finance would be a priority this weekend. “Ambitions for climate action must be matched with actions on climate finance and transfer of technology,” he wrote. But a meeting of climate ministers from G20 countries in India earlier this summer failed to produce consensus on climate-mitigation targets. There was some progress on climate finance at a G20 summit in Rome two years ago, where leaders said they would end the financing of coal power plants overseas.

Persons: Narendra Modi, ” Organizations: European Union Locations: United States, Egypt, Tuvalu, Chad, Pakistan, Pacific, India, Paris, Rome

☆ The popular clothing brand Everlane slashed its carbon emissions by 22% with help from a high-tech startup. Companies all over the world are racing to do the same.
▼ + stars: | 2023-09-08 | by ( Érica Carnevalli | ) www.businessinsider.com time to read: +10 min

In 2021, the clothing brand teamed up with the carbon-accounting startup Watershed to track carbon emissions, mostly from Everlane's supply chain, using data collection. Everlane is one of several companies using carbon-accounting startups to track emissions and put a dollar amount on their carbon footprints. Investment by venture-capital firms in carbon-accounting startups surged from $60 million in 2020 to $767 million in 2022, according to PitchBook. But it's challenging to precisely monitor this since companies' emissions are not the same, and they often overlap. The startup works with small, midsize, and enterprise companies, including Virgin Atlantic.

Persons: Everlane, Katina, Maria Fujihara, Fujihara, Amelia Penniman, Benchimol, Lauren Gifford, Gifford, DoorDash, Michael Thornton, Thornton Organizations: Service, Fortune Business, Sinai Technologies, Bayer, Siemens, SINAI Technologies, Investment, BlackRock, Walmart, Greenhouse Gas Management Institute, US Environmental Protection Agency, International Energy Agency, Carbon Analytics, Greenhouse, Greenhouse Gas Management, Securities and Exchange Commission, Carbon Solutions, Colorado State University, Virgin Atlantic Locations: Sequoia, Airbnb, Sinai

NEW DELHI (AP) — U.N. Secretary-General António Guterres on Friday urged the Group of 20 top economic powers, which are responsible for more than 80% of the emissions that cause global warming, to use their weekend summit to send a strong message on climate change. Climate ministers of the G20 nations ended their last meeting for the year in July without resolving major disagreements on climate policies. Guterres called on big emitters to make additional efforts to cut emissions and rich countries to meet the climate finance commitments made already. Energy analysts say its crucial that G20 leaders act on the U.N. chief's suggestions. And have it now,” said Madhura Joshi, energy analyst at the climate think tank E3G.

Persons: — U.N, António Guterres, Guterres, ” Guterres, ”, Madhura Joshi, Joshi Organizations: DELHI, Group, World Bank, International Monetary Fund, United Nations, Organization for Economic Cooperation, Development, Energy, AP Locations: Paris, New Delhi, Ukraine, ”

☆ Better policy could unlock growth in Latam - G30 think tank
▼ + stars: | 2023-09-07 | by ( ) www.reuters.com time to read: +3 min

The report's recommendations include getting the region's macroeconomic framework in shape, investing better in infrastructure, and strengthening political parties. The Group of 30's think tank working group on Latin America said the region suffers a "governance deficit" that will require "deep and ambitious" political reforms, including at the center of government and legislative power. Mexico and Brazil are treated individually, with the former locked in a "growth paradox" where decades of macroeconomic stability and a sophisticated manufacturing sector have not yielded economic growth. Reuters GraphicsThe working group agreed there is no one action that could unlock output across the region, as even the countries that have a strong macro setup are suffering stagnant growth. Andres Velasco, project director of the G30 Working Group on Latin America, said "the opportunities are obvious" for the region as Latam can provide the world with water, food and clean energy.

Persons: Leonardo Fernandez Viloria, Andres Velasco, we're, Rodrigo Campos, Chizu Organizations: REUTERS, America, Reuters, Thomson Locations: Caracas, Venezuela, Argentina, Ecuador, Chile, Colombia, Peru, Uruguay, Mexico, Brazil, America, West

☆ Africa Climate Summit: Billions pledged to green projects but leaders warn of need ‘to act with urgency’
▼ + stars: | 2023-09-07 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +5 min

CNN —The inaugural Africa Climate Summit drew to a close on Wednesday, with the host, Kenya’s president William Ruto, saying that a total of $23 billion had been pledged to green projects by governments, investors, development banks and philanthropists. Among the most eye-catching finance announcements, the United Arab Emirates pledged $4.5 billion to clean energy initiatives in Africa. “It is our ambition that this will launch a new transformative partnership to jumpstart a pipeline of bankable clean energy projects in this important continent,” Al-Jaber said, adding that the investment could lead to the generation of 15 gigawatts of clean energy by 2030. At the Africa Climate Summit, UN Secretary General Antonio Guterres noted that the continent was responsible for less than four per cent of global carbon emissions. LUIS TATO/AFP/AFP via Getty ImagesGermany announced 450 million euros (about $481 million) of climate finance pledges, and and the US pledged $30 million to support climate resilient food security efforts across Africa.

Persons: William Ruto, Sultan Al, Jaber, ” Al, Yemi Osinbajo, ”, General Antonio Guterres, LUIS TATO, “, Osinbajo, greening Organizations: CNN, Africa Climate Summit, United Arab Emirates, COP28, Global Energy Alliance for People, UN, Getty Images Locations: Africa, Nairobi, Dubai, “, jumpstart, Nigeria, AFP, Copenhagen

The continent is rich in the commodities needed for the green energy transition and has abundant solar power, but many governments are also burdened with cripplingly high debts. "Eighty percent of the infrastructure Africa needs by 2050 has not yet been built," Gamboa said at the IMPACT conference. "They've come to a recognition that it is good development to leapfrog and go into the clean energy transition now." "We cannot and will not run away from doing fossil fuel-based investing because the development needs of the continent are so huge," the AFC's Gupta said. "The world still needs energy security, the world still needs energy source diversity.

Persons: John Muchucha, it's, Andrew Steer, Freddy, we've, Tom Mitchell, Sanjeev Gupta, Gupta, Cristina Gamboa, " Gamboa, ActionAid, Gloria Dickie, Jane Wardell, Sharon Singleton Organizations: REUTERS, Earth, Reuters IMPACT, International Institute for Environment, Development, London, African Finance Corporation, International Energy Agency, IMPACT, AFC, Thomson Locations: Africa, Nairobi, Kenya, London, Horn of Africa, Malawi, Mozambique, Madagascar, Sharm el, Sheikh, Lagos, Global South, Paris

NAIROBI, Kenya (AP) — Climate change is “relentlessly eating away” at Africa’s economic progress and it’s time to have a global conversation about a carbon tax on polluters, Kenya’s president declared Tuesday as the first Africa Climate Summit got underway. He and other leaders urged reforms to the global financial structures that have left African nations paying about five times more to borrow money than others, worsening the debt crisis for many. Africa has more than 30 of the world’s most indebted countries, Kenya’s Cabinet secretary for the environment, Soipan Tuya, said. Africa’s GDP should be revalued for its assets, which include the world's second-largest rainforest and biodiversity, African Development Bank President Akinwumi Adesina said. “It is an African story, and I daresay it’s a global story, too.”___Follow AP’s coverage of the climate at https://apnews.com/climate-and-environment and of Africa at https://apnews.com/hub/africa

Persons: William Ruto, Tuya, John Kerry, Kerry, Joe Biden, ” Ruto, ”, Ruto, “ It’s, Sahle, Zewde, Akinwumi Adesina, Adesina, Martha Lusweti, Antonio Guterres, Ursula Von der Leyen, lullabies, Sierra, Julius Maada Organizations: Africa Climate Summit, European Union, Kenyan, United, United Arab Emirates, Development Bank, ”, International Monetary Fund Locations: NAIROBI, Kenya, Africa, China, United States, U.S, United Arab, United Nations, Europe, U.N, Africa's, Nigeria's Niger Delta, Uganda, Tanzania, South Africa, Nigeria, Egypt, Congo, africa

☆ The G7 is least bad group for a troubled world
▼ + stars: | 2023-09-04 | by ( Hugo Dixon | ) www.reuters.com time to read: +7 min

In this troubled world, the Group of Seven rich democracies is the best bet for keeping the peace and protecting the planet. The Group of 20 large economies and the United Nations, both of which hold summits this month, are broken. India and Brazil may also be out of place in an expanded group which China seems to be dominating. G7 BY DEFAULTThat leaves the G7, which brings together the U.S., Japan, Germany, the United Kingdom, France, Italy and Canada. But to see off challenges from other groups, the G7 needs a more ambitious offer for the Global South.

Persons: Joe Biden, Volodymyr Zelenskiy, Vladimir Putin, Lehman Brothers, Narendra Modi, What’s, Putin won’t, Xi Jinping, haven’t, Donald Trump’s, Joe Biden’s, Putin, Peter Thal Larsen, Thomas Shum Organizations: Reuters, U.S, United Nations, UN, Security, Lehman, Indian, United, International Monetary Fund, Freedom House, U.S ., American, European Union, Global, Thomson Locations: Ukraine, Hiroshima, Japan, China, U.S, Soviet Union, Russia, United Kingdom, France, New Delhi, India, loggerheads, Brazil, South Africa, Argentina, Ethiopia, Egypt, Iran, Saudi Arabia, United Arab Emirates, UAE, Mexico, Indonesia, Turkey, Thailand, Nigeria, Vietnam, Malaysia, Philippines, Bangladesh, Germany, Italy, Canada, Iraq, Britain, Europe, Asia, South Korea, Australia

☆ Hundreds of millions pledged for African carbon credits at inaugural climate summit
▼ + stars: | 2023-09-04 | by ( Duncan Miriri | ) www.reuters.com time to read: +5 min

Companies Climate FollowVitol SA FollowNAIROBI, Sept 4 (Reuters) - An initiative to boost Africa's carbon credit production 19-fold by 2030 drew hundreds of millions of dollars of pledges on Monday as Kenyan President William Ruto opened the continent's first climate summit. In one of the most anticipated deals, the United Arab Emirates (UAE) committed to buying $450 million of carbon credits from the Africa Carbon Markets Initiative (ACMI). "There hasn't been any success for an African country in attracting climate finance," said Bogolo Kenewendo, a United Nations climate adviser and former trade minister in Botswana. Many African campaigners have opposed the summit's approach to climate finance, and about 500 people marched in downtown Nairobi on Monday to protest. They say carbon credits are a pretext for continued pollution by wealthier countries and corporations, who should instead pay their "climate debt" through direct compensation and debt relief.

Persons: William Ruto, Ruto, Bogolo Kenewendo, Bogolo, Kevin Kariuki, Patricia Scotland, Esa Alexander, we've, Hassan Ghazali, Britain, Sultan Al Jaber, COP28, Duncan Miriri, Simon Jessop, Jefferson Kahinju, Aaron Ross, Hereward Holland, Angus MacSwan, Susan Fenton Organizations: United Arab Emirates, Africa Carbon Markets, United, African Development Bank, Reuters, International Monetary Fund, REUTERS, Climate Asset Management, HSBC Asset Management, Debt, Green, Thomson Locations: NAIROBI, UAE, Nairobi, Africa, United Nations, Botswana, Muloza, Mozambique, Blantyre, Malawi, Liberia, Tanzania, Germany, Kenya

☆ African climate summit seeks to shift focus to finance from floods, famine
▼ + stars: | 2023-08-31 | by ( Duncan Miriri | ) www.reuters.com time to read: +5 min

A report last year by the non-profit Climate Policy Initiative found Africa has received only 12% of the finance it needs to cope with climate impacts. The thousands of delegates are expected to debate solutions ahead of a U.N. climate summit next month in New York in September and the COP28 U.N. summit in the United Arab Emirates from the end of November. The summit's organisers also say they expect deals worth hundreds of millions of dollars to be concluded in Nairobi. In June, it hosted an auction where companies from Saudi Arabia bought more than 2.2 million tonnes of carbon credits. One project generating carbon credits in Kenya is BURN Manufacturing's production of clean cooking stoves to replace heavily polluting wood and charcoal-based fires.

Persons: Finbarr O'Reilly, Soipan Tuya, Amos Wemanya, Chris McKinney, Joseph Ng'ang'a, Duncan Miriri, Christophe Van Der, Aaron Ross, Barbara Lewis Organizations: REUTERS, Rights, Initiative, Kenyan Environment, United, United Arab Emirates, Kenya, Africa Carbon Markets, Thomson Locations: Haute Uele, Congo, Rights NAIROBI, Africa, Nairobi, New York, United Arab, Gabon, Saudi Arabia, Kenya, Egypt

☆ Yellen calls Fitch downgrade 'entirely unwarranted' amid US economy's strength
▼ + stars: | 2023-08-02 | by ( ) www.reuters.com time to read: +3 min

U.S. Treasury Secretary Janet Yellen speaks during a climate finance roundtable discussion at the U.S. Embassy in Beijing, Saturday, July 8, 2023. "Fitch's decision is puzzling in light of the economic strength we see in the United States," Yellen said. "I strongly disagree with Fitch's decision, and I believe it is entirely unwarranted." Fitch had cited a deterioration in U.S. governance that started during the prior Trump administration in making its decision, according to U.S. Treasury officials. The company has a contract to develop scanning technology to convert paper documents so that they can be digitally processed.

Persons: Janet Yellen, Mark Schiefelbein, MCLEAN, Biden, Yellen, Joe Biden's, Fitch, Trump, Richard Francis, Donald Trump, Francis, Biden's, David Lawder, Paul Simao Organizations: Treasury, U.S, Embassy, . Treasury, Fitch, Internal Revenue Service, Reuters, U.S . Capitol, AAA, Republicans, Century Technologies, Thomson Locations: Beijing, Virginia, Washington, United States, U.S, McLean , Virginia

☆ The BRICS are better off disbanding than expanding
▼ + stars: | 2023-07-31 | by ( Hugo Dixon | ) www.reuters.com time to read: +7 min

(South Africa wasn’t on his list.) O’Neill likes to tease the BRICS that their economic performance subsequently went downhill - particularly after the much smaller South Africa joined in 2011. Since then, Russia, Brazil and South Africa have all struggled economically. The fault line between India and China, which fought a small war in the Himalayas in 2020, is one reason the BRICS club has done so little. Besides, most developing countries don’t want to be forced to choose sides in a showdown with the United States.

Persons: Jim O’Neill, Goldman Sachs, O’Neill, Vladimir Putin, Peter Thal Larsen, Thomas Shum Organizations: Reuters, Africa wasn’t, Reuters Graphics Reuters, New Development Bank, Bank, Global, U.S ., Thomson Locations: TINOS, GREECE, Brazil, Russia, India, China, South Africa, Johannesburg, Africa, Africa’s, Saudi Arabia, Argentina, Egypt, Iran, Cuba, Kazakhstan, United States, Iraq, Republic, Ukraine, Russian, New Delhi, Soviet, Philippines, Mexico, Indonesia, Thailand, Nigeria, Vietnam, Malaysia, Bangladesh

The extreme heat is prompting violent typhoons in Asia and flash floods in the United States. But to the pragmatist, extreme heat is the new normal. The good news: Investors are spending big on climate projects. Global warming helps make periods of extreme heat more frequent, longer and more intense, and it will continue getting worse unless humans essentially stop adding carbon dioxide to the atmosphere, scientists say. “There’s been huge, huge progress” in developing green technologies and bringing down their costs, said Bella Tonkonogy, the U.S. director of Climate Policy Initiative whose funders include the Bloomberg Foundation and the German government.

Persons: it’s, El Niño, Carl, Friedrich Schleussner, ” “, ”, DealBook, “ There’s, Bella Tonkonogy Organizations: Analytics, Global, Venture, Initiative, Biden, Bloomberg Foundation Locations: Asia, United States, Berlin, U.S

REUTERS/Stringer/File PhotoSummary Countries at odds over which should pay climate financeEU wants China to contribute to climate fundsChina among countries not currently obliged to payBRUSSELS/BEIJING, July 21 (Reuters) - Record-breaking heat in China. The EU, today the biggest contributor of climate finance, has lobbied to expand the pool of donor countries that provide it. Climate finance refers to money that wealthy countries pay toward helping poorer nations reduce CO2 emissions and adapt to a hotter, harsher world. Advocates for the change argue that an expansion needs to happen before a new - and, likely, far bigger - U.N. target for climate finance kicks in after 2025. "It would earn China diplomatic clout, and pressure Western donors to raise their stakes on climate finance," he said.

Persons: Stringer, John Kerry, Janet Yellen, Kerry, Li Qiang, Pa'olelei Luteru, Luteru, Byford Tsang, Kate Abnett, Valerie Volcovici, Katy Daigle, Stephen Coates Organizations: REUTERS, BRUSSELS, U.S, Union, Reuters, EU, United Arab Emirates, of Small, WHO, United, Climate Cooperation, Initiative, Bridgetown Initiative, Thomson Locations: Hangzhou, Zhejiang province, China, EU, BEIJING, COP28, Dubai, Beijing, U.S, Brazil, Saudi Arabia, Qatar, Singapore, States, United States, South Korea, U.N, Barbados, Bridgetown, Brussels

☆ Which countries are paying their 'fair share' to fight climate change?
▼ + stars: | 2023-07-21 | by ( Kate Abnett | ) www.reuters.com time to read: +3 min

WHICH COUNTRIES PAY U.N. CLIMATE FINANCE? That analysis suggested only seven countries had paid their "fair share" in 2020 - Denmark, France, Germany, Japan, the Netherlands, Norway and Sweden. By ODI's ranking, the U.S. lags behind every other developed nation, when its past climate finance contributions are compared with what its "fair share" would be. Taken together, the 27-country EU is the biggest provider of climate finance, contributing 23.38 billion euros ($26.15 billion) in 2020.

Persons: Kate Abnett, Katy Daigle Organizations: UN, FINANCE, Economic, European Union, United, WHO, FAIR, U.S, Finance, Thomson Locations: BRUSSELS, Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Greece, Iceland, Ireland, Italy, Japan, Luxembourg, Netherlands, New Zealand, Norway, Portugal, Spain, Sweden, Switzerland, United Kingdom, United States, China, United Arab Emirates, London, U.S, EU, Lincoln

Earlier this month, U.S. Treasury Secretary Janet Yellen said contributions from Beijing could boost U.N. climate funds. It has, however, signalled a willingness to offer climate finance to developing countries through different instruments, like a South-South Climate Cooperation fund it launched in 2015. And the United States hopes that China will unveil its domestic plans to tackle the issue before the next U.N. climate conference in December. Global emissions levels have only risen since. The United States tends to look at overall national emissions, ignoring both historical emissions and the per-capita breakdown.

Persons: Janet Yellen, Donald Trump's, Joe Biden, John Kerry, Xie Zhenhua, Kerry, Xie, David Stanway, Katy Daigle, Jacqueline Wong Organizations: European Union, Treasury, Climate Cooperation, Technological, Biden, Kerry, Microvast Holdings, Global, European, Thomson Locations: BEIJING, China, United, Beijing, U.S, U.N, Rio de Janeiro, United States, Xinjiang, Paris, Glasgow, 1.5C, European Union, COP28, Dubai, Singapore

London CNN —Unless you live under a rock you probably know that US President Joe Biden has spent the past few days here in Europe. First, he met with UK Prime Minister Rishi Sunak before climbing aboard Marine One for a short flight to Windsor to meet King Charles III. At several points, Biden placed his hand on the King’s back, in a tactile display of their close rapport. Biden and King Charles arrive to meet participants of the Climate Finance Mobilisation Forum. Among the group of top financiers and philanthropists was Biden’s special presidential envoy for climate, John Kerry.

Persons: Joe Biden, Rishi Sunak, King Charles III, Charles, –, Prince, Andrew Caballero Reynolds, Biden, Queen Elizabeth II, Charles ’, we’ve, King Charles, Andrew Matthews, Grant Shapps, ”, King, John Kerry, Kerry, State for Energy Security Grant Shapps, Kerry wouldn’t, “ Organizations: CNN’s Royal, London CNN, NATO, UK, Wales ’ Company, Welsh Guards, British Army, Getty, CNN, Finance, Windsor, Energy Security, State for Energy Security, US Locations: London, Europe, Lithuania, American, Ukraine, Windsor, United States, AFP, British

☆ Yellen sees 'progress' in rocky U.S.-China ties, expects more communication
▼ + stars: | 2023-07-09 | by ( Andrea Shalal | ) www.reuters.com time to read: +5 min

"But President (Joe) Biden and I do not see the relationship between the U.S. and China through the frame of great power conflict. Secretary of State Antony Blinken visited Beijing last month, the first visit by the top U.S. diplomat of the Biden presidency, while climate envoy John Kerry is expected to visit China this month. Yellen met with senior Chinese officials during her visit, including Premier Li Qiang, as well as U.S. companies doing business in China, climate finance experts and women economists. But I expect that this trip will help build a resilient and productive channel of communication," Yellen said. Reporting by Andrea Shalal; Writing by Andrea Shalal and John Geddie; Editing by William MallardOur Standards: The Thomson Reuters Trust Principles.

Persons: Janet Yellen, Yellen, Joe, Biden, Antony Blinken, John Kerry, Xi, they're, Washington, Li Qiang, Andrea Shalal, John Geddie, William Mallard Organizations: . Treasury, U.S ., U.S, Biden, Economic Cooperation, Thomson Locations: BEIJING, Beijing, United States, China, U.S, Taiwan, New Delhi, Asia, San Francisco, Washington, Brazil, India, Russia, Ukraine

☆ Yellen Calls on China to Work With the U.S. to Address Climate Change
▼ + stars: | 2023-07-08 | by ( The New York Times | ) www.nytimes.com time to read: 1 min

Climate change is on the top of the list of global challenges, and the United States and China must work together to address this existential threat. I believe that continued U.S.-China cooperation on climate finance is critical. As the world’s two largest emitters of greenhouse gases and the largest investors in renewable energy, we have both a joint responsibility and ability to lead the way. It’s also critical that we encourage economywide transitions toward net zero, which needs to include the private sector.

Persons: It’s Locations: United States, China, U.S

☆ What Biden needs to accomplish with his NATO trip
▼ + stars: | 2023-07-08 | by ( Betsy Klein | ) edition.cnn.com time to read: +11 min

London CNN —President Joe Biden embarks on a weeklong trip to Europe on Sunday, and the stakes couldn’t be higher for the future of the NATO alliance. Biden makes a stop in London ahead of his attendance at the NATO Summit in Vilnius, Lithuania, followed by meetings with Nordic leaders in Helsinki, Finland. But Biden will be a key player in determining what specific, measurable criteria or timelines, if any, are offered to Ukraine for NATO membership during this summit. Sweden’s NATO membership is “within reach,” NATO Secretary General Jens Stoltenberg said in a news briefing following a meeting of senior officials from Turkey, Sweden and Finland Thursday. And I’m really looking – anxiously looking forward for your membership,” Biden told Kristersson during a meeting in the Oval Office.

Persons: Joe Biden, Biden, month’s, Wagner, Yevgeny Prigozhin’s, Vladimir Putin’s, ”, Chris Skaluba, Michael McCaul, Jake Sullivan, “, Volodymyr Zelensky, ” Zelensky, Zelensky, Sweden’s, Recep Tayyip Erdoğan, Jens Stoltenberg, Stoltenberg, Ulf Kristersson, ” Biden, Kristersson, –, it’s, Max Bergmann, Bergmann, China’s “, Sullivan, King Charles III, Jill Biden, Finnegan Biden, Rishi Sunak Organizations: London CNN, NATO, Nordic, Transatlantic Security Initiative, Strategy, Security, Foreign, US House Foreign, CNN, Wall Street, Turkish, White, Eurasia Program, Stuart Center, Center for Strategic, International Studies Locations: Europe, London, Vilnius, Lithuania, Helsinki, Finland, Ukraine, Russia, Belarusian, Bucharest, Romania, Eastern Europe, Sweden, Turkey, NATO’s, Madrid, Vilnius “, United Kingdom, Windsor, Norway, Iceland, Denmark, China

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