Air conditioning companies’ sustainable designs face high costs

Air conditioning companies’ sustainable designs face high costs

DUBAI, Dec 5 – When temperatures climbed north of 40 degrees Celsius (104 degrees Fahrenheit) in Seville during this summer’s crushing heatwave in Europe, air conditioning use jumped 23% in the southern Spanish city compared to how many hours ACs ran during the same period in 2022. Lisbon’s average AC use, too, went up by … Read more

Russia’s sanctioned Sovcombank requests US licence to make UN climate payments

Russia’s sanctioned Sovcombank requests US licence to make UN climate payments

A view shows a board with the logo of Sovcombank at the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 17, 2022. REUTERS/Maxim Shemetov/File Photo Acquire Licensing Rights This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine MOSCOW, Nov 23 (Reuters) – Russian private … Read more

Pope says he will attend COP28 climate summit in Dubai, a first by a pontiff

Pope says he will attend COP28 climate summit in Dubai, a first by a pontiff

[1/2]Pope Francis holds prayer for migrants and refugees, with the ‘Angels Unaware’ monument, dedicated to the world’s migrants and refugees, behind him in St. Peter’s Square, at the Vatican, October 19, 2023. REUTERS/Remo Casilli/File Photo Acquire Licensing Rights ROME, Nov 1 (Reuters) – Pope Francis said on Wednesday that he will attend the COP28 climate … Read more

World Bank explores expanding loan guarantees for private financing

World Bank explores expanding loan guarantees for private financing

A participant stands near a logo of World Bank at the International Monetary Fund – World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, October 12, 2018. REUTERS/Johannes P. Christo Acquire Licensing Rights MARRAKECH, Oct 9 (Reuters) – The World Bank on Monday said it is looking at ways to expand the guarantees it … Read more

Japan pledges $1 billion for UN climate change fund

Japan pledges $1 billion for UN climate change fund

People arrive to attend the Pledging Conference of the Green Climate Fund (GCF) for the First Replenishment in Paris, France, October 25, 2019. REUTERS/Pascal Rossignol/File photo Acquire Licensing Rights BRUSSELS, Oct 5 (Reuters) – Japan will put up to 165 billion yen ($1.11 billion) into the United Nation’s main fund for helping vulnerable countries cope … Read more

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

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

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

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

U.S. Steel Stock Has a Rich History. Apple, Tesla Investors, Beware.

U.S. Steel Stock Has a Rich History. Apple, Tesla Investors, Beware.

One of the most storied legacies in American stock trading history might be coming to an end. United States Steel ‘s days as an independent publicly traded company could be numbered. Its story holds some fascinating history as well as some important lessons for investors. Sunday, U.S. Steel (ticker: X) announced it was looking at … Read more