18:06 10.09.2019

UN climate talks set to be held in Glasgow

The UK will host UN climate talks in Glasgow next year, a move that hands Britain a crucial diplomatic role in helping determine the outcome of the Paris climate agreement. The location, announced by foreign secretary Dominic Raab on Tuesday, underscores the UK’s efforts to make climate policy a centrepiece of its foreign policy agenda — which has been largely dominated by Brexit over the past three years.
Source: FT
18:24 09.09.2019

Why climate change is the new 9/11 for insurance companies

As a cub insurance reporter 20-odd years ago I remember being shocked by the brutal economic theory of one old underwriting hand. Amid a cyclical trough in reinsurance pricing, after premiums had been driven down to unsustainable levels by cut-throat competition, he quipped that what the market really needed was a big catastrophe to trigger price rises. Ideally something like a passenger jet flying into a New York skyscraper.
Source: FT
18:16 09.09.2019

Sharp rise in number of investors dumping fossil fuel stocks

The number of institutional investors committed to cutting fossil fuel stocks from their portfolios has risen from 180 in 2014 to more than 1,100 now, as activists turn up the heat on companies over climate change. The number of fossil fuel divestments have risen dramatically since the 2015 Paris agreement on combating climate change. In 2014, investors with a total $52bn in assets under management had agreed to shed their fossil fuel holdings.
Source: FT
08:57 09.09.2019

EVs are coming, but what will power them?

China have been mentioned alongside India as the world’s most populous countries with the highest C02 emissions, where rapid economic growth is driving an upsurge in the number of privately owned vehicles. In order for electric vehicles to be truly sustainable, they will have to be powered by clean energy, China is falling short as they continue to rely heavily on coal for electricity generation. Over half of China’s domestically generated electricity is still produced by the burning of coal and China remains the planet’s largest producer and consumer of coal, as well as the world’s largest user of coal-derived electricity.
Source: Sustainability Times
13:09 03.09.2019

China’s industrial heartland fears price of green policy

Near Dazhang, President Xi Jinping has sought to turn hundreds of square kilometres of wetlands into an “eco-city” called Xiong’an, putting additional pressure on the area to clean up. This pet project is supposed to run on renewable energy and to eventually attract some $300bn in high-tech investment. For now, however, it is no more than a collection of billboards and hastily assembled offices in soggy wheat fields. Meanwhile, climate campaigners worry that the country’s economic slowdown is creating a renewed incentive for bureaucrats to look the other way on the environment.
Source: FT
17:31 02.09.2019

Sunlight blocked by air pollution

A report published in Advances in Atmospheric Sciences found that air pollution absorbs and disperses sunlight, thereby reducing the amount that reaches the Earth’s surface. China is the world’s largest producer of photovoltaic but at the same time, the country remains one of the most populated and rapidly developing regions in the world thanks to its ever increasing population and human activity.
Source: Technology Networks
20:04 30.08.2019

China CO2 emission targets at risk from U.S. trade war - official

The article highlights how China, currently considered the world’s largest producer of greenhouse gases, is still unable to meet one of the major requirements of the Paris Climate Agreement. This is due to the trade war with the United States, which has put the country’s economy under pressure - as China relies on fossil fuels, it is therefore difficult for them to make adjustments, particularly in light of their slowing economy.
Source: Reuters
20:01 30.08.2019

Short-sellers eye EU carbon market in anticipation of no-deal Brexit

The attention of EU industrial giants is focused on the carbon market, fluctuating before the Brexit. Let’s fight for China to have the same carbon limits, as European companies, to get cleaner! Speculators are hoping to reap a windfall by shorting the EU carbon market as traders bet that prices will be hit in the event of a no-deal Brexit. Carbon credits, introduced by the EU to combat pollution by companies in the bloc, rallied last month to a 10-year high of nearly €30 a tonne after European policymakers moved to tighten supplies to boost a broad environmental push. But since Boris Johnson became UK prime minister, the price of one credit has slid to €26.
Source: FT
18:56 28.08.2019

China drafts law to combat illegal fishing, safeguard stocks

China’s agriculture ministry has invited the public to draft an agreement to prevent illegal fishing and depletion of coastal fish stocks. Currently China is struggling to remedy damage done by overdevelopment of its rivers and lakes. Fish stocks are suffering from industrial pollution and habitat disruptions caused by dams and water diversions. Some species, such as the Chinese sturgeon, remain on the brink of extinction. China will also prepare a blacklist for lawbreaking vessels, both domestic and foreign.
Source: Reuters
18:18 28.08.2019

Steel city ranks China's top polluter in July despite output curbs

Data from the environment ministry shows that China’s major steel producing city, Tangshan has been ranked as China’s most polluted in July, even after orders to cut output. Average concentrations of hazardous airborne particles known as PM2.5 reached 42 micrograms per cubic metre. However, concentrations of ground-level ozone, known as “sunburn for the lungs” and caused by the interaction of car exhaust fumes with sunlight, rose 8.1% compared with a year earlier.
Source: Reuters