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From Bangladesh flood map to Bank of England, 'carbon bubble' is born
2015-12-07 01:12:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: Poring over a Bangladeshi flood map as a London financial analyst 12 years ago, Mark Campanale had no idea the moment would spawn a financial concept powerful enough to rivet central bankers, anger oil moguls and fuel a grassroots movement to get investors to dump their fossil fuel holdings. The map was in the prospectus of a British firm seeking to raise money to build a coal-fired power plant in Bangladesh. Not only was Campanale angry that a company would pump more carbon emissions into the...
European airport industry commits to increase carbon neutral airports to 50 by 2030
2015-12-07 01:00:00| Airport Technology
The European airport industry has committed to increase carbon neutral airports to 50 by 2030, as part of its support to the global deal on climate change at the United Nations Climate Change Conference (COP 21) in Le Bourget, Paris.
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India can accept 1.5C warming limit if rich nations make carbon cuts
2015-12-06 20:11:00| Climate Ark Climate Change & Global Warming Newsfeed
Climate Home: India could accept a tougher global warming limit of 1.5C in a proposed UN climate deal, but only on the condition richer nations make radical greenhouse gas cuts to meet it. In an interview with Climate Home, Susheel Kumar, Delhis chief negotiator at the COP21 summit in Paris said he had no problem with the world adopting a more ambitious temperature goal. If the global community decides it should be 0.5C what problem should a developing country have? It means developed countries would...
The richest 10% of people generate half the worlds carbon emissions
2015-12-05 17:54:00| Climate Ark Climate Change & Global Warming Newsfeed
Quartz: Central to the global climate talks currently underway in Paris is the concept of fairness. Most world leaders agree on the goal to limit future global warming to below 2ºC, but there are serious disagreements about who should bear the burden. Poorer countries argue that they haven't yet gained the same benefits as rich countries from burning carbon in the past. Rich countries say that everyone has a responsibility to cut emissions in order for future targets to be met. Now, a new report...
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carbon
Canadian province Manitoba to cut emissions, set carbon cap
2015-12-04 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: Manitoba pledged on Thursday to cut greenhouse gas emissions and start a carbon cap and trade system, the latest Canadian province to set long-term targets to fight climate change. Premier Greg Selinger's New Democratic Party government, which faces an election in April, said Manitoba will aim to cut emissions by one-third by 2030 from 2005 levels. The province, whose economy depends on farming, manufacturing and mining, will seek to be carbon-neutral by 2080, Selinger said. Manitoba will also...
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