Whether humankind fails or succeeds in keeping the rise in global temperatures within manageable levels, central banks will sooner or later be called upon to act, said Benoît Cœuré, a member of the European Central Bank's (ECB) Executive Board.
Up to now, French President Emmanuel Macron has been trying hard to claim the mantle of ‘climate leadership’. Now his environment minister has resigned, he has to put words into action, writes Jennifer Morgan.
The terms of the Paris Agreement are set in stone, the EU, China and Canada agreed at a summit in Montreal this weekend, while Washington was forced to deny that the US is planning to stay in the accord.
The Paris Agreement on climate change and the launch of the Sustainable Development Goals at the United Nations were key milestones on the road towards an energy-efficient, low-carbon economy in Europe.
The EU and China have two jobs when they meet in Brussels to discuss global action against climate change. The first is to figure out how to pump water out of the sinking ship faster than it’s pouring in, write Jorgo Riss and Shuo Li.
EU officials are scrambling to persuade US President Donald Trump not pull out of the Paris climate accord after his advisers warned of legal problems if Washington stayed in but lowered its commitments.