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This year is “virtually certain” to be the hottest year in recorded history, the World Meteorological Organization announced on Thursday at COP28, the United Nations climate summit in Dubai where delegates from nearly 200 countries, including many heads of state and government, have gathered. The organization said 2023 has been about 1.4 degrees Celsius, or about 2.5 degrees Fahrenheit, above the global average preindustrial temperature from 1850 to 1990. The past nine years have collectively been the warmest in 174 years of recorded scientific observations, with the previous single-year records set in 2020 and 2016. This comes in addition to record greenhouse gas concentrations, sea levels and concentrations of methane. “It’s a deafening cacophony of broken records,” Petteri Taalas, the secretary general of the World Meteorological Organization, said in Dubai.
Persons: ” Petteri Taalas Organizations: World Meteorological Organization Locations: COP28, United Nations, Dubai
Global temperatures and greenhouse gas emissions continue to break records, with no continent left untouched by more frequent and intense extreme weather events. MoneyClimate finance is always a hotly debated talking point at the U.N. summit and COP28 promises to be no different. She anticipated three main debates around the use of oil, gas and coal — the burning of which is the chief driver of the climate crisis. "So, one is this 'phase out' or 'phase down' [of fossil fuels]. There is no credible scenario where CCS will allow continued use of fossil fuels, let alone expanding oil and gas.
Persons: Sean Gallup, HENRY NICHOLLS, Henry Nicholls, COP28, Alex Scott, Rich, Sultan al, Jaber, LUIS TATO, Luis Tato, Melanie Robinson, Robinson, Sultan Al Jaber, Francois Walschaerts Organizations: AG, Getty, United Arab Emirates, InterContinental, Fossil, Energy Intelligence, Afp, Organization for Economic Cooperation, Development, Getty Images, Abu, Abu Dhabi National Oil Company, Climate, World Resources Institute, CNBC, CCS Locations: Salzgitter, Germany, Dubai, Bonn, COP28, London, AFP, E3G, Egypt, COP27, UAE, Garissa, Africa, El Nino, Abu Dhabi, WRI, Brussels
“It is a recipe for permanent climate chaos and suffering.”Yet the UN climate summit, known as COP, is tedious. Even fierce climate advocates who agree COP should be more ambitious still believe the summit is a powerful and worthwhile endeavor. “There is a lot of questioning whether this process will deliver or not,” Ani Dasgupta, president and CEO of international climate nonprofit World Resources Institute, told CNN. In this June 2017 photo, President Donald Trump after announcing his intention to abandon the Paris Agreement in the Rose Garden of the White House in Washington, DC. Doug Mills/The New York Times/ReduxStill, former and current US negotiators say climate diplomacy has helped keep the world’s temperature from reaching truly alarming highs.
Persons: António Guterres, ” Guterres, Paris, Payam Akhavan, ” Akhavan, ” Ani Dasgupta, ’ COP’s, , Sue Biniaz, John Kerry, Frances F, Denny, Biniaz, ” Biniaz, Donald Trump, Joe Biden, Doug Mills, Jonathan Pershing, William, Flora Hewlett, Pershing, ” Pershing, , Todd Stern, Jens Astrup, Stern, “ It’s, ” Stern, it’s, It’s, Margaretha Wewerinke, Singh, Mitzi Jonelle Tan, Peter Dejong, Hailey Campbell, ’ ”, Campbell Organizations: CNN, United Nations, Law, United, Resources Institute, Yale University, The New York Times, , , White, New York Times, Kerry, Bella Center, Getty, US, Republicans, International Court of Justice Locations: Paris, Small, States, Vanuatu, Tuvalu, Antigua, Barbuda, Dubai, COP28, United States, New Haven , Connecticut, Rose, Washington , DC, Copenhagen, AFP, Europe, Mississippi, Philippines, Sharm el, Sheikh, Egypt, Hawaii, Honolulu
REUTERS/Eduardo Munoz/File Photo Acquire Licensing RightsNov 29 (Reuters) - Ahead of this year's COP28 climate summit in Dubai, U.N. agencies have released several reports offering updates on global progress in limiting climate change. Emissions Gap Report. The report, released on Nov. 20, looks at how countries' planned climate action compares with what is needed to meet global climate goals. The report analyzes the difference between planned fossil fuel production and the amount deemed consistent with meeting global climate goals. In 2009, developed countries pledged to provide $100 billion per year in climate finance to developing nations.
Persons: Eduardo Munoz, wean, NDCs, Rich, Gloria Dickie, David Stanway, Susanna Twidale, Katy Daigle, Jan Harvey Organizations: U.S, REUTERS, Programme, UNEP, Thomson Locations: New York, New York City , New York, U.S, Dubai, U.N, Paris, China, Norway, Qatar, UAE, London, Singapore
The ongoing investments in the U.S. reflect a long-running rift between U.S. Catholic bishops and the pope on how to address global warming. The pope's Laudato Si encyclical urged immediate action against climate change, declaring that "highly polluting fossil fuels need to be progressively replaced without delay." The Vatican bank, which is separate from APSA, also does not invest in fossil fuels, a bank official said. A CCF official said energy and fossil fuels stocks make up between 3.5% and 6% of archdiocese investment funds, and that CCF uses its shareholder status to press for corporate environmental improvements. He called the enormous financial gains by oil companies "immoral profits."
Persons: Pope Francis, Dan DiLeo, Peter Marlow, Remo Casilli, Anne, Marie Welsh, William Lori, Bernard Hebda, Saint, Joshtrom Kureethadam, Chieko Noguchi, Noguchi, USCCB, Sabrina Danielsen, Danielson, Richard Valdmanis, Philip Pullella, John Mair, Suzanne Goldenberg Organizations: Catholic, drillers, U.S . Conference of Catholic Bishops, Catholic Church, Reuters, Justice, Peace, Creighton University in, Vatican, Opportunity Fund, Collective Investment, Archdiocese, Minneapolis, Catholic Community Foundation of Minnesota, CCF, Development, American Petroleum Institute, Christian Brothers Investment Service, Investment, BP, Shell, Creighton University, U.S, Thomson Locations: United States, Dubai, Creighton University in Nebraska, U.S, APSA, Vatican, Ireland, Germany, Archdiocese, Boston, Chicago, San Francisco, Erie , Pennsylvania, Texas, San Antonio, Austin, Fort Worth . Erie, Erie, Baltimore, Saint Paul, Paris, Saudi Aramco, PetroChina, India, Vatican City, Berlin, Sydney
Here's a rough guide to the jargon being used in Dubai at COP28, this year's United Nations climate change conference. The term "climate change" is used more broadly to describe global warming and its consequences, including variable weather extremes. GHGs include a myriad of gases, but the most impactful — methane and carbon dioxide — are also referred to as "carbon emissions" because both molecules contain carbon. The world's excess carbon emissions come mostly from the burning of fossil fuels and other industrial activities. UNFCCC - The United Nations Framework Convention on Climate Change is the treaty adopted in 1992 agreeing to halt climate change.
Persons: Amanda Perobelli, COP21, NDCs, Gloria Dickie, Katy Daigle, Rod Nickel, Aurora Ellis Organizations: United Nations, Paris, Thomson Locations: Amazonia, Nova Xavantina, Mato Grosso, Brazil, Dubai, COP28, United Nations, China, PARIS, Paris, Glasgow, COP27, London
After three years of plentiful rain and rising livestock numbers, dry weather has withered pastures across Australia. The extreme change in conditions has helped trigger the fastest plunge in cattle and sheep prices in decades, threatening livelihoods in Australia's A$75 billion ($50 billion) red meat and livestock industry. While farmers suffer, falling livestock prices have brought some relief to Australian households hurting from high inflation. Falling U.S. beef production means demand for Australian beef should rise, helping support livestock prices, said Angus Gidley-Baird, an analyst at Rabobank in Sydney. Agricultural consultants Episode 3 estimate that Australian beef processors are reaping their best profits in at least two decades thanks to low local cattle prices and high sale prices in export markets.
Persons: Angus Hobson, Peter Hobson, Angus, Hobson, Stuart Austin, Wilmot, Angus Gidley, Baird, Teys, Mat Larkings, gaunt, haven't, they'll, Sonali Paul Organizations: Livestock, New, REUTERS, Beef, Livestock Australia, Woolworths, Data Monitor, Rabobank, Meat packers, Teys Australia, Farmers, Thomson Locations: Delegate, New South Wales, Australia, Angus Hobson's, Australia's, United States, El Nino, Japan, China, Sydney, Walcha
The ongoing investments in the U.S. reflect a long-running rift between U.S. Catholic bishops and the pope on how to address global warming. The pope's Laudato Si encyclical urged immediate action against climate change, declaring that "highly polluting fossil fuels need to be progressively replaced without delay." The Vatican bank, which is separate from APSA, also does not invest in fossil fuels, a bank official said. Notably absent are any dioceses in the U.S.Reuters reviewed the financial reports published by two dozen of the nation's more than 170 Catholic dioceses, including several of its largest, and found that few provide details on specific investments. He called the enormous financial gains by oil companies "immoral profits."
Persons: Pope Francis, Remo Casilli, Dan DiLeo, Peter Marlow, Anne, Marie Welsh, William Lori, Joshtrom Kureethadam, Chieko Noguchi, Noguchi, USCCB, Sabrina Danielsen, Danielson, Richard Valdmanis, Philip Pullella, John Mair, Suzanne Goldenberg Organizations: Catholic, drillers, U.S . Conference of Catholic Bishops, Catholic Church, Reuters, Justice, Peace, Creighton University in, Vatican, Opportunity Fund, Collective Investment, Archdiocese, Development, American Petroleum Institute, Christian Brothers Investment Service, Investment, BP, Shell, Creighton University, U.S, Thomson Locations: United States, Dubai, Creighton University in Nebraska, U.S, APSA, Vatican, Ireland, Germany, Archdiocese, Boston, Chicago, San Francisco, Erie , Pennsylvania, Texas, San Antonio, Austin, Fort Worth . Erie, Erie, Baltimore, Paris, Saudi Aramco, PetroChina, India, Vatican City, Berlin, Sydney
Greenhouse gas emissions from burning fossil fuels are the biggest cause of climate change. "We have a world which has more fossil fuels than ever," said Ani Dasgupta, president of the World Resources Institute, a climate NGO. U.S. officials and others are hopeful a recent climate deal between the U.S. and China may also set a positive tone for the talks. Another test is whether wealthy nations announce money for the fund at COP28 - to the tune of hundreds of millions of dollars. "Speaking from previous experience, unfortunately most of the global agreements, most of the global climate related pledges went uncompleted," said Najib Ahmed, National Consultant at Somalia's Climate Ministry.
Persons: Sultan al, Jaber, ADNOC, Ani Dasgupta, Narendra Modi, Britain's King Charles, Joe Biden, Gayane, Najib Ahmed, Valerie Volcovici, Josie Kao Organizations: OPEC, United Nations, International Energy Agency, BBC, World Resources Institute, Indian, European Union, Reuters, U.S, FINANCE, EU, Climate Ministry, , Thomson Locations: Paris, France, WASHINGTON, BRUSSELS, Dubai, UAE, U.S, China, India
As hosts of global climate talks that begin this week, the United Arab Emirates are expected to play a central role in forging an agreement to move the world more rapidly away from coal, oil and gas. But behind the scenes, the Emirates has sought to use its position as host to pursue a contradictory goal: to lobby on oil and gas deals around the world, according to an internal document made public by a whistle-blower. In one example, the document offers guidance for Emirati climate officials to use meetings with Brazil’s environment minister to enlist her help with a local petrochemical deal by the Abu Dhabi National Oil Company, the Emirates’ state-run oil and gas company, known as Adnoc. Emirati officials should also inform their Chinese counterparts that Adnoc was “willing to jointly evaluate international LNG opportunities” in Mozambique, Canada and Australia, the document indicates. LNG stands for liquefied natural gas, which is a fossil fuel and a driver of global warming.
Persons: Adnoc Organizations: United, Emirates, Abu, Abu Dhabi National Oil Company Locations: United Arab Emirates, Abu Dhabi, Mozambique, Canada, Australia
"This COP we need to see accelerated action from all parties," Matt Bell, EY Global Climate Change and Sustainability Services Leader, said. The business and finance sectors have long called for a global carbon emissions price that they say would level the playing field for polluters and make the switch to low-carbon more cost-effective. Confidence in voluntary carbon markets has fallen this year as critics question the environmental credibility of projects. "The last 10% of a (corporate) carbon reduction plan will always include some carbon removal credits," Leggett said, adding that "the market needs clarity on what that means." Reporting by Simon Jessop and Tommy Reggiori Wilkes; editing by Barbara LewisOur Standards: The Thomson Reuters Trust Principles.
Persons: Yves Herman, Matt Bell, Bell, Sultan Al Jaber, Virginie Derue, Katherine Dixon, Victoria Leggett, Leggett, Simon Jessop, Tommy Reggiori Wilkes, Barbara Lewis Organizations: REUTERS, United Nations, Sustainability Services, Reuters, ESG Research, AXA Investment, Accenture, Bain & Company, UBP, Thomson Locations: Dunkirk, France, Dubai, COP28, Paris, China, United States
ADNOC German oil deal has bad timing, good logic
  + stars: | 2023-11-28 | by ( Karen Kwok | ) www.reuters.com   time to read: +4 min
Abu Dhabi National Oil Company (ADNOC), the state-owned Abu Dhabi oil giant he runs, is considering a bid for BASF-owned (BASFn.DE) Wintershall Dea, at a potential $11 billion valuation. The UAE firm is already in talks to buy chemical company Covestro (1COV.DE), Wintershall’s German compatriot, for $12 billion. Abu Dhabi's oil riches mean the UAE firm has the wherewithal to pay 5.5 billion euros for BASF’s Wintershall stake. Any deal could value Wintershall Dea at more than 10 billion euros ($11 billion), Bloomberg reported. BASF holds a 72.7% stake in Wintershall Dea.
Persons: Toru Hanai, Wintershall, Jaber, It’s, Austria’s, Abu, LetterOne, George Hay, Streisand Neto Organizations: REUTERS, Reuters, Abu Dhabi National Oil Company, BASF, The, Shell, Russian, Reuters Graphics Reuters, Abu, National Oil Company, Bloomberg, Wintershall Dea . Investment, Thomson Locations: Gastech, Chiba, Japan, Abu Dhabi, The UAE, Germany, Norway, UAE, Europe, United Kingdom, Abu, Russia, Wintershall Dea
Scientists have said carbon removal is needed to keep climate goals alive. Otherwise, the enormous price tag for world-scale carbon removal would need to fall to governments if there is any chance of these projects surviving. A major concern is that DAC technology is both expensive and unproven at scale. More mature carbon capture and storage (CCS) technology, which traps emissions at a point source like a smokestack, also requires a rapid scale up to make a difference. Their money will be made instead by marketing carbon removal credits to corporations not involved in fossil fuels that wish to offset unavoidable emissions, or to governments seeking to stay on track with climate targets.
Persons: Climeworks, , Vikrum Aiyer, Sultan al, Jaber, Vicki Hollub, Mike Avery, Christoph Gebald, Richard Valdmanis, Marguerita Choy Organizations: Reuters, REUTERS, Occidental Petroleum, BlackRock, U.S ., Occidental, 28th United, OPEC, United Arab, International Energy Agency, IEA, Global CCS Institute, Stratos, DAC, Department of Energy, Thomson Locations: Tracy , California, Texas, In Louisiana, 28th United Nations, Dubai, United Arab Emirates, Louisiana, Iceland, California, U.S, UAE, Occidental
The United States, European Union and many climate-vulnerable countries are insisting on a final COP28 deal that commits countries to phase out fossil fuels. While the International Energy Agency says these emissions-abatement technologies are crucial for meeting global climate goals, they are also expensive and not currently used on a large scale. But the EU and some climate-vulnerable countries insist on pairing this pledge to boost renewables with phasing out fossil fuels, setting up a clash. FINANCING FOR THE COSTS OF CLIMATE CHANGETackling climate change and its consequences will take an astonishing amount of investment - far more than the world has budgeted so far. At COP28, countries will be tasked with setting up a "loss and damage" fund to help with this, which developing nations say should unlock at least $100 billion by 2030.
Persons: Sultan al, Jaber, Kate Abnett, Katy Daigle, Josie Kao Organizations: European, COP28, International Energy Agency, European Union, EU, U.S, United Arab Emirates, Thomson Locations: Dubai, Paris, COP26, United States, European Union, Russia, UAE, EU, China, COP28
The president of the upcoming COP28 climate change Sultan Ahmed al-Jaber speaks during the Abu Dhabi International Petroleum Exhibition at ADNEC Exhibition Center October 2, 2023. Jaber told an Abu Dhabi oil conference on October 2, 2023, that the fossil fuel industry would play an essential role in addressing the climate crisis. Al-Jaber was the founding CEO of Abu Dhabi state-owned renewable energy firm Masdar. CCR, which has received funding from the likes of Greenpeace and Rockefeller Philanthropy Advisors, said it was able to verify the accuracy of the leaked documents via an unnamed whistleblower. The United Nations Framework Convention on Climate Change did not immediately respond to a CNBC request for comment on the leaked documents.
Persons: Ahmed al, Jaber, Ryan LIM, RYAN LIM, Al, ADNOC, Masdar Organizations: Abu, Abu Dhabi International Petroleum, Exhibition, Getty, United Arab, Abu Dhabi National Oil Company, Al, Centre, Climate Reporting, BBC, CCR, Greenpeace, Rockefeller Philanthropy Advisors, CNBC, United Nations Locations: Abu Dhabi, AFP, United Arab Emirates, Masdar, China, Egypt, United, Dubai
Some oil and gas companies have so far participated in voluntary programs to monitor or reduce their methane emissions. Last year's methane emissions from the energy industry totaled some 135 million metric tons, slightly higher than the year before. Climate experts say that including methane efforts in a legally binding summit agreement is a priority. That means that reining in methane emissions can have a more immediate impact in limiting climate change. Countries and philanthropies previously have pledged roughly $200 million for tackling methane – less than 2% of all current climate financing.
Persons: Rachel Kyte, Rick Duke, Mark Brownstein, Durwood Zaelke, Valerie Volcovici, Sarah McFarlane, Kate Abnett, Katy Daigle, Josie Kao Organizations: Reuters, Clean Air Task Force, U.S, United Arab, The, Bank, Environmental Defense Fund, Institute for Governance, Sustainable Development, D.C, EU, Thomson Locations: EU, United Arab Emirates, UAE, Turkmenistan, The UAE, U.S, China, Canada, COP28, Washington, London, Brussels
Washington CNN —President Joe Biden is not expected to attend the opening of the global climate summit in Dubai this week, according to a White House schedule of the president’s events. Since taking office, Biden has attended the annual UN climate summit in person in 2021 and 2022. The move has the potential to frustrate climate advocates both at home and abroad, though some activists and small island nations have called into question the effectiveness of the annual international climate summit process. O’Hanlon said Sunrise Movement also has critiques of the international climate summit itself – which is itself embroiled in controversy as it is being hosted by the oil-rich United Arab Emirates this year. A July Washington Post-University of Maryland poll found that 57% of Americans disapprove of the way Biden has handled climate policy, including 59% of voters 18-29 years old.
Persons: Joe Biden, John Kerry, Ali Zaidi, Biden, John Kirby, haven’t, Tom Evans, “ It’s, he’s, ” Evans, , Greta Thunberg, greenwashing ”, “ Biden, Stevie O’Hanlon, O’Hanlon, ” O’Hanlon, , Donald Trump, John Podesta, Xi Jinping Organizations: Washington CNN, White, National Security, CNN, Sunrise Movement, Sunrise, United, Washington Post, University of Maryland, Republican, U.S, National Locations: Dubai, Israel, United Arab Emirates, Washington, China
The UAE is hosting the COP28 climate change summit. The BBC reported it planned to make secret oil and gas deals. Among them, UAE COP28 planning officials intended to discuss liquefied natural gas development projects by UAE state energy firm Adnoc with China, the BBC reported. The UAE in a statement to the BBC did not deny that it planned on holding oil and gas deal talks, and said "private meetings are private." Leaders from nearly 200 countries are gathering in the UAE on Thursday for the COP28 summit.
Persons: Sultan al, Jaber, Dr Jaber, Adnoc, it's Organizations: BBC, Service, United Arab Emirates, Center, Climate, UAE, UN Locations: UAE, Gulf, China, Colombia, Masdar
A spokesperson for Brazil's Foreign Ministry confirmed the country has decided to join the pact. Brazil is already a major player in renewable energy. While Brazil supports tripling renewables globally, mathematically it is not possible domestically, a Foreign Ministry spokesperson said. "Brazil won't be able to triple its own renewable energy because it's already very high, but Brazil is once again reinforcing its support for renewables," he said. The draft renewable energy pledge, reviewed by Reuters, commits to "the phase down of unabated coal power," including ending financing for new coal-fired power plants.
Persons: Bruno Kelly, Valerie Volcovici, Jake Spring, Josie Kao Organizations: REUTERS, Foreign, European Union, United, Reuters, United Arab Emirates ' Foreign Ministry, Renewables, Energy, Brazil's Foreign Ministry, Foreign Ministry, Thomson Locations: Manaus, Amazonas, Brazil, United Arab Emirates, South America's, Dubai, Brazil's, Abu Dhabi
All three scenes were among the winning images of the Environmental Photographer of the Year 2023 competition, and all three were taken in Bangladesh. The country is one of the most vulnerable to climate change in the world, ranking seventh on the latest Global Climate Risk Index, based on data from 2000 to 2019. It’s prone to cyclones, tornadoes and floods, and it is estimated that by 2050, one in every seven people in Bangladesh will be displaced by climate change. He adds that this year’s competition saw entries from other regions also severely threatened by climate change, such as India, West Bengal, Antarctica and Argentina. With the image, he wants to communicate the impact of plastic pollution and hopes that when people see it, they might realize the consequence of throwing away plastic and change their behavior.
Persons: It’s, Hossain, , Solayman Hossain, Sam Sutaria, Apu, Sutaria Organizations: CNN, Chartered Institution of Water, Environmental Management, Nikon Locations: floodwater, Bangladesh, Rivers, Kushtia, India, West Bengal, Antarctica, Argentina, Dhaka
For an example of how climate change is increasingly becoming a flashpoint in the culture wars, Germany is a good place to start. Meanwhile, Spain’s far-right Vox party vowed to defend the country against “the new climate religion.”But to understand why climate change and the culture wars have become so enmeshed globally, experts say the United States probably holds the key. It’s effective, it does scare people.”The origins of the climate culture war in the US lie in the early 1990s, when a new push for global climate action collided with big geopolitical change, McCright said. Lightning rod for right wing mediaConservative media has played an outsized role in fueling culture war narratives, according to experts. Fox has “been laying the groundwork necessary for positioning climate policies as a culture war issue for a long time,” she said.
Persons: , stoked, , Miranda Schreurs, Anger, Green, Kristin Brinker, Jörg, Stephan Lewandowsky, Rishi Sunak, , ” Sunak, Vox, Ron DeSantis, ” DeSantis, Aaron McCright, McCright, ” McCright, , Brandon Bell, Lewandowsky, “ you’d, ” Alec Tyson, Alexandria Ocasio, Cortez, Sen, Ed Markey, Allison Fisher, Fisher, Fox, didn’t, Ed Matthew, Matthew said, Jennie King, ” King, Germany —, Matthew of E3G, ” Schreurs, “ it’s Organizations: CNN, Green Party, Technical University of Munich, University of Bristol, British, Justice, Florida Gov, Republican, Michigan State University, Oil, Republicans, Pew Research, Pew, Conservative, Massachusetts, Green, Deal, Fox, Media, Institute for Strategic Locations: Germany, Charlottenburg, Berlin, Europe, United States, West Texas, Florida, American, Kyoto, Soviet Union, Federal, Midland , Texas, Alexandria, Cortez of New York
According to the new map, central Arkansas shifted half a zone up from zone 7b to zone 8a since the USDA last updated its map in 2012. The 2023 USDA map shows warmer zones in central Michigan, as well as shifts in some Northeastern states. AdvertisementLimitations of the USDA's new plant zone map"The map is a guideline, not a guarantee," Foster wrote, and plants can thrive in several zones. AdvertisementIn the Northwestern US, the 2023 USDA map (left) shows some regions of Montana in new, warmer zones. Sections of the South Central US, including Houston, Texas, and New Orleans, Louisiana, have changed to new zones in the 2023 USDA map (left).
Persons: Megan London, NPR she's, Chris Daly, Daly, Jonathan Foster, The University of Maine's Maine, Foster, you'll, US Department of Agriculture Foster, US Department of Agriculture Daly, " Daly Organizations: USDA, Service, NPR, Better Homes, Gardens, Oregon State University, US Department of Agriculture, North Central, The University of Maine's, The University of Maine's Maine Gardner, Southwestern, Northwestern, South Central Locations: Arkansas, Florida, Montana, Central, Michigan, Northeastern, Omaha , Nebraska, Minnesota, Southwestern US, Maine, Houston , Texas, New Orleans , Louisiana
Michael Regan, the administrator of the EPA, speaks onstage with Daniel Yergin, the vice chairman of S&P Global, during the CERAWeek energy conference in Houston, Texas, U.S., March 9, 2023. The Community Change Grants are the single largest investment in environmental justice that has been made by an administration, and a key measure to achieve the administration's goal of ensuring that 40% of federal clean energy investment benefits flow to disadvantaged communities. The Biden administration's spending on climate and environmental justice measures has been under scrutiny by Republican lawmakers seeking to undercut the president's climate agenda. "This historic, unprecedented funding has the promise to turn disadvantaged and overburdened areas into healthy, resilient, and thriving communities for current and future generations,” EPA Administrator Michael Regan said. The EPA will review applications on a rolling basis and encouraged applicants to apply as early as possible.
Persons: Michael Regan, Daniel Yergin, Callaghan O'Hare, Valerie Volcovici, Franklin Paul Organizations: P Global, REUTERS, Rights, Biden, Republican, EPA, Virgin, Franklin Paul Our, Thomson Locations: Houston , Texas, U.S, Alaska, Puerto Rico, Virgin Islands, Guam, Mexico
EU fiscal pact ignores green elephant in the room
  + stars: | 2023-11-21 | by ( Lisa Jucca | ) www.reuters.com   time to read: +8 min
REUTERS/Henry Nicholls Acquire Licensing RightsMILAN, Nov 21 (Reuters Breakingviews) - The European Union’s troubled fiscal pact, once branded as "stupid" by former European Commission President Romano Prodi, has reached its sell-by date. Average EU debt has been consistently above the 60% target. NEW COURSEThe proposed revamp of the fiscal pact, now under discussion, is an improvement. BRAVE NEW DEBT WORLDFor all of Brussels’ reforming zeal, Europe’s future debt rules ignore a giant elephant in the room: climate change. Another option is to remove green investments from the fiscal rules’ deficit calculations.
Persons: Henry Nicholls, Romano Prodi, Christian Lindner, Giorgia Meloni, Breakingviews, Bruno Le Maire, Olaf Scholz’s, Mario Draghi, Francesco Guerrera, Thomas Shum Organizations: Trust, REUTERS, Reuters, European, Reuters Graphics Reuters, European Commission, French Finance, EU, Intel, European Central Bank, Italian, Union, Thomson Locations: Green Park, London, Britain, Maastricht Treaty, Germany, it's, Italy, Greece, Brussels, EU, United States, Spain, Europe
CNN —Tens of thousands of people are heading to Dubai in early December for COP28, the annual international climate summit convened by the United Nations. While the science behind human-caused climate change was still young, scientists knew even then it would be life-changing. The controversy at COP28The climate summit is hosted at a different location each year. “It tells us clearly that the world is not on track to achieve our global climate goals,” Melanie Robinson, the global climate program director for the World Resources Institute, told CNN. A major debate among the parties has been whether to “phase out” or “phase down” fossil fuels.
Persons: John Kerry, Ian Langsdon, , United Arab Emirates —, Critics, Al Jaber, Britain's King Charles III, COP28, Sultan Ahmed al Jaber, Aaron Chown, John Kerry —, Al Jaber’s, King Charles III, Pope Francis, Joe Biden, China’s, Jinping, Biden, Xi, Larry Fink, It’s, ” Melanie Robinson, ” Robinson, , Maya Siddiqui, Nate Warszawski, , CNN’s Ivana Kottasová Organizations: CNN, COP28, United Nations, Getty, UN, “ Conference, United, United Arab Emirates, Minister of State, Abu Dhabi National Oil Company, Buckingham Palace, US, Publishing, decarbonize, Wall, BlackRock, World Resources Institute, Bloomberg, World Bank Locations: Dubai, Le Bourget, Paris, AFP, Berlin, COP21, United Arab, UAE, Abu Dhabi, Buckingham, France, Germany, Japan, Hami city, Xinjiang province, China, Saudi Arabia, Syria, Russia, Iran, Israel, Egypt, COP27
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