Extreme weather is driving up uninsured losses and insurers must use investments to fund global warming resilience, says study.
Sea ice off Antarctica and in the Arctic is at record lows for this time of year after declining by twice the size of Alaska in a sign of rising global temperatures, climate scientists say.
With the Paris Agreement in force, 2016 will be remembered as a landmark year for climate action. As the year draws to a close, 115 parties (and counting) have ratified an agreement over two decades in the making and that paves the way for a legally binding commitment to keeping global warming at no more than 2C above pre-industrial levels.
Preventing deforestation is central to curbing carbon emissions – and a case study on the Amazon shows the most cost-effective way of doing it.
Just four days before the US elections, the Paris Agreement officially became international law after receiving formal sign-off from 55 countries that contribute 55% of global greenhouse-gas emissions.
After 18 months of careful preparations, the formation of a representative Steering Committee consisting of non-state actors and agreement on an initial work plan, civil society leaders and observers to the CIF’s trust fund (TF) committees launched the Stakeholder Advisory Network (SAN) on Climate Finance at COP 22 in Marrakech.
A group of the countries most at risk from climate change said they would strive to make their energy production 100 percent renewable "as rapidly as possible", as part of efforts to limit global warming to below 1.5 degrees Celsius.
World Bank Group member The International Finance Corporation (IFC) predicts that Turkey will attract about $28 billion in investments in renewable energy by 2020.
Global efforts to tackle climate change are intrinsically tied to building new sustainable infrastructure, energy systems and economies. That’s why during last week’s COP22 climate talks in Marrakech, Morocco, the Climate Investment Funds and the African Development Bank partnered to share lessons from their collective experience.
Some are affected by drought, others by extreme wet conditions, some by heat and others by harsh winters.