2 June 2015, Inside Climate News, Bonn Climate Talks Aim to Build a Springboard to Paris, Not a Sinkhole: Six months before what may be the last chance for a global climate agreement in Paris, negotiators get to work on the draft text. As climate talks begin this week in Bonn to work on the draft text of a global agreement, the task of delegates expands to include the twin UN objectives of alleviating poverty and combating global warming. Delegates were also met with a new warning that the widely accepted target of limiting warming to 2 degrees Celsius may not be enough. Six months from the start of a Paris conference where the United Nations hopes to complete a far-reaching deal on the climate crisis, negotiators meeting in Bonn, Germany this week and next are back to working on their unwieldy draft text even as the treaty’s goals slide over distant horizons. Read More here
Category Archives: Fossil Fuel Reduction
28 May 2015, Renew Economy, Tide turns on fossil fuels as Norway quits coal, ANZ goes green
28 May 2015, Renew Economy, Tide turns on fossil fuels as Norway quits coal, ANZ goes green. In Europe overnight, the Norwegian parliament voted to instruct the government pension fund – the largest in the world – to cut its exposure to fossil fuel … Continue reading →
22 May FastFT: Axa to ditch coal investments by the end of 2015. Axa, one of the world’s largest insurers, has become the first global financial institution to shun investments in coal companies. The French group, which has more than $1trn in assets under management, will sell EUR500m of coal assets between now and the end of the year, its chief executive, Henri de Castries, said at a business and climate change conference in Paris on Friday, reports Pilita Clark, environment correspondent. It will also invest EUR3bn in renewable energy between now and 2020. The move makes the French group by far the biggest recruit to an international fossil fuel divestment campaign that aims to stigmatise the use of coal, oil and gas because of their impact on the climate. Read More here