LONDON – The world must by 2030 slash $1.8 trillion in annual subsidies that destroy the environment, in order to “finance a net-zero global economy”, according to a study from business groups including one founded by tycoon Richard Branson. The report, estimating the value of damaging state subsidies, was commissioned by Branson’s nonprofit initiative The … Read more
GLASGOW: Thousands of youth activists were preparing to descend on Glasgow on Friday to protest against what they say is a dangerous lack of action by leaders at the COP26 climate summit. Demonstrations are expected across the Scottish city to highlight the disconnect between the glacial pace of emissions reductions and the climate emergency already … Read more
UNITED NATIONS: The Rockefeller Foundation and the IKEA Foundation have proclaimed to launch a $1 billion fund to increase access to renewable energy in developing countries, one of the key pledges made during a series of virtual United Nations ministerial forums this week, according to a UN statement. 50 ministers delineated their plans to decrease … Read more
The United States is planning to increase backing to Egypt to help it change to solar power energy and move away from fossil fuels, US special representative for climate John Kerry said in Cairo on Wednesday. Egypt is “blessed to be the number one country in the world” when it comes to making use of … Read more
