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Hitting toughest climate target will save world $30tn in damages, analysis shows

Achieving the toughest climate change target set in the global Paris agreement will save the world about $30tn in damages, far more than the costs of cutting carbon emissions, according to a new economic analysis. Most nations, representing 90% of global population, would benefit economically from keeping global warming to 1.5C

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GCF Board approves over USD 1 billion in funding for climate mitigation and adaptation

SONGDO, 01 MAR 2018 The first Green Climate Fund (GCF) Board meeting of 2018 concluded today after approving 23 projects, valued together at USD 1,093.5 million of GCF funding. The new approvals bring the GCF portfolio to a total of 76 projects and programmes, amounting to USD 3,730.2 million in GCF funding to

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How to Boost Pre-2020 Action on Mitigation and Adaptation

The UN Climate Change secretariat has published the Summary for Policymakers (SPM), an annual go-to publication that summarises policies, technologies and initiatives to boost climate action. The SPM results from meetings throughout 2016 of the technical examination processes on mitigation and adaptation. As a result, and for the first time, the

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G7 Leaders’ Declaration Addresses Paris Agreement

Includes Agreement to End Fossil Fuel Subsidies by 2025 At a meeting in  Ise-Shima, in Japan, G7 countries said they would take the necessary steps to secure rapid ratification, acceptance or approval of the historic Paris Climate Change Agreement. In their joint statement, the leaders of the UK, US, Canada, France,

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Laurent Fabius Sums Up Paris Agreement Strengths and Key Objectives for 2016

Remarks to COP21/CMP11 Bureau Meeting Following are excerpts of remarks by Laurent Fabius, President of COP 21/CMP 11, at the meeting of the COP21/CMP11 Bureau on 11 February 2016.  "One remarkable feature of the Paris outcome is that all Parties can identify with it, and call it their own. This sense of

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What the Paris Agreement means for the private sector

The Paris climate-change agreement endorses the low-carbon approach to doing business. More companies now need to embrace the new disclosure regime and set goals to help to meet the new climate targets, argues Paul Simpson, chief executive officer of the international not-for-profit CDP. When it comes to climate change, there are

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Global investors must mobilise $660bn for clean energy

In international news, United Nations (UN) secretary-general Ban Ki-moon on Wednesday advised a gathering of more than 500 global investors to mobilise $660 billion of clean energy investments by 2020. The gathering held at the UN headquarters in  New York was aimed at kickstarting funds needed to help the world shift to clean

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