CLC

Western rival to Belt and Road has much to prove

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Western rival to Belt and Road has much to prove

LONDON, Sept 25 (Reuters Breakingviews) – Western countries have a window of opportunity to come up with a credible infrastructure plan for the developing world. China’s $1 trillion Belt and Road Initiative is drowning in bad debts and may be about to lose Italy, the only big rich democracy which is a member. The People’s … Read more

Ryanair says EU minimum pricing on flights ‘politically impossible’

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Ryanair says EU minimum pricing on flights ‘politically impossible’

Employees work on a Ryanair plane preparing to take off at the Rosalia De Castro airport in Santiago de Compostela, Spain June 24, 2022. REUTERS/Nacho Doce/File Photo Acquire Licensing Rights DUBLIN, Sept 21 (Reuters) – Ryanair (RYA.I) said on Thursday it did not see a risk of the European Union introducing minimum prices or compulsory … Read more

Sunak delays UK petrol car ban, seeking voter support on climate

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Sunak delays UK petrol car ban, seeking voter support on climate

Sunak delays petrol car ban by 5 years Eases targets on heating, insulation Says UK is committed to overall 2050 net zero target Businesses complain over changing targets LONDON, Sept 20 (Reuters) – Prime Minister Rishi Sunak watered down Britain’s plans to tackle climate change on Wednesday, saying he would delay a ban on sales … Read more

UN chief puts spotlight on ‘movers,’ excludes US, China at climate summit

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UN chief puts spotlight on ‘movers,’ excludes US, China at climate summit

[1/3]Tourists walk past the United Nations Headquarters in New York, March 24, 2008. REUTERS/Mike Segar/File Photo Acquire Licensing Rights UNITED NATIONS, Sept 19 (Reuters) – U.N. Secretary General Antonio Guterres on Wednesday will gather heads of state and business leaders that he has identified as taking stronger action on climate change for a meeting aimed … Read more

US Treasury: Financiers’ ‘net zero’ pledges must align with temperature limits

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US Treasury: Financiers’ ‘net zero’ pledges must align with temperature limits

[1/3]U.S. Treasury Secretary Janet Yellen speaks during an interview in New York City, U.S., September 18, 2023. REUTERS/Shannon Stapleton/File Photo Acquire Licensing Rights NEW YORK, Sept 19 (Reuters) – “Net-zero” financing commitments from banks and asset managers should align with goals to limit the global average temperature increase to 1.5 degrees Celsius and be backed … Read more

Berlin’s Brandenburg Gate spray-painted by climate activists

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Berlin’s Brandenburg Gate spray-painted by climate activists

FRANKFURT, Sept 17 (Reuters) – Climate activists sprayed orange and yellow paint on the columns of Berlin’s landmark Brandenburg Gate on Sunday to push demands for a stop to the use of fossil fuels by 2030. “Members of the so-called ‘Last Generation’ sprayed the columns on the east side of the Brandenburg Gate with orange … Read more

Developing countries propose $100bn climate damage fund

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Developing countries propose $100bn climate damage fund

Residents wade through floodwaters following heavy rainfall in Zhuozhou, Hebei province, China August 1, 2023. cnsphoto via REUTERS/File Photo Acquire Licensing Rights BRUSSELS, Sept 6 (Reuters) – Developing countries have proposed that a new U.N. fund unlocks at least $100 billion by 2030 to address irreversible damage caused by climate change, as states prepare to … Read more

Hundreds of millions of dollars pledged for African carbon credits at climate summit

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Hundreds of millions of dollars pledged for African carbon credits at climate summit

UAE commits to buying $450 mln of carbon credits Summit aims to show Africa as destination for climate investment Germany announces $65 mln debt swap with Kenya NAIROBI, Sept 4 (Reuters) – An initiative to boost Africa’s carbon credit production 19-fold by 2030 drew hundreds of millions of dollars in pledges on Monday, as Kenyan … Read more

Madrid residents told to stay at home as torrential rain sweeps across Spain

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Madrid residents told to stay at home as torrential rain sweeps across Spain

MADRID, Sept 3 (Reuters) – Madrid’s mayor on Sunday advised all residents to stay at home as the capital braced itself for torrential rain and storms affecting parts of Spain. National weather agency AEMET issued a maximum red alert, which means possible extreme danger, for Sunday in the Madrid region, Toledo province, and the city … Read more

Canada to deploy armed forces in British Columbia to tackle fast-spreading fires

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Canada to deploy armed forces in British Columbia to tackle fast-spreading fires

Aug 20 (Reuters) – Canada is sending armed forces to tackle fast-spreading wildfires in British Columbia, Prime Minister Justin Trudeau said on Sunday, as the western province deals with tinder-dry conditions and winds that have put more than 35,000 people under evacuation order. The province imposed an emergency late on Friday, giving officials more power … Read more