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COP29 week two

COP29 week two: Finance deal stirs controversy

The UN climate summit in Baku, Azerbaijan, concluded Nov. 22 with a significant yet contentious agreement on climate finance, criticized by many developing countries who expressed disappointment over its limited scope. “I had hoped for a more ambitious outcome—on both finance and mitigation—to meet the great challenge we face,” UN Secretary-General António Guterres said after the final deal was announced. The urgency of the situation had already been outlined in the World Meteorological Organization’s State of the Climate Update for COP29. The report

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COP29 week two

COP29 week two: Finance deal stirs controversy

The UN climate summit in Baku, Azerbaijan, concluded Nov. 22 with a significant yet contentious agreement on climate finance, criticized by many developing countries who expressed disappointment over its limited scope. “I had hoped for a more ambitious outcome—on both finance and mitigation—to meet the great challenge we face,” UN Secretary-General António Guterres said after the final deal was announced. The urgency of the situation had already been outlined in the World Meteorological Organization’s State of the Climate Update for COP29. The report

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ENERGY & COMMODITIES NEWS

COP29 week two: Finance deal stirs controversy

The UN climate summit in Baku, Azerbaijan, concluded Nov. 22 with a significant yet contentious agreement on climate finance, criticized by many developing countries who expressed disappointment over its limited scope. “I had hoped for a more ambitious outcome—on both finance...

Latin America has the copper, China dominates production

As the U.S. competes with China for raw materials needed to develop sustainable energy, the U.S. government must engage in public private partnerships that enable access to Latin America’s copper deposits, according to a new report. Latin America accounts for...

COP29 week one: No finance deal, but other progress

The first week of the United Nations Climate Change Conference (COP29) in Baku, Azerbaijan saw continued disagreement over the financial deal that is considered a top goal of the conference, but other concrete developments were achieved. Week one of the...

China’s rare earth dominance will last a while, says S&P

China’s dominance in global mining and refining of rare earth elements (REEs), which are used in renewable energy technology, seems likely to continue for the next 15 years at least, but the country’s current stranglehold on the market is loosening,...

FOOD & AGRICULTURE NEWS

COP29 week one: No finance deal, but other progress

The first week of the United Nations Climate Change Conference (COP29) in Baku, Azerbaijan saw continued disagreement over the financial deal that is considered a top goal of the conference, but other concrete developments were achieved. Week one of the...

WTO panel connects sustainability, food security, and trade

Achieving food security, sustainability, and equitable trade agreements are challenging goals. Making meaningful progress in any one of those areas requires addressing the other two as well, leaders from the agriculture, trade, and environmental sectors agreed in a recent World...

Swine fever threatens Italy’s pork business

Italy, a country renowned for its rich tradition of pork products, is experiencing one of the worst outbreaks of African swine fever (ASF) in decades, impacting a national industry valued at €8.2 billion and adding to concerns about increasing viral...

WTO panel on sustainable agriculture urges farm and trade reform

Farmers around the world can be a catalyst for improved sustainability and reduction of greenhouse gas emissions, but they need financial and policy support, as well as a voice in policy, according to a Sept. 11 expert panel at the...

critical minerals

U.S. encourages critical minerals marketplace to skirt China’s supply chain

The U.S. and its allies are developing plans for a critical minerals marketplace that involves friendly countries as a means of loosening China’s grip on the supply of raw materials needed for renewable energy infrastructure and equipment. This alternative marketplace would insert western values into the supply chain for critical minerals, U.S. National Security Adviser Jake Sullivan told a Brookings Institution event in late October, according to The Hill. “We are working with [our partners] to create a high standard,

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critical minerals

U.S. encourages critical minerals marketplace to skirt China’s supply chain

The U.S. and its allies are developing plans for a critical minerals marketplace that involves friendly countries as a means of loosening China’s grip on the supply of raw materials needed for renewable energy infrastructure and equipment. This alternative marketplace would insert western values into the supply chain for critical minerals, U.S. National Security Adviser Jake Sullivan told a Brookings Institution event in late October, according to The Hill. “We are working with [our partners] to create a high standard,

Read More...

ESG NEWS

Europe must brace for climate change risks: EEA report

The European Environment Agency (EEA) is warning policymakers that climate change is posing serious risks, adding that the outcome is soon to be ‘catastrophic’ if measures are not taken urgently. In the latest EEA report, the agency stresses that the...

Crucial 2024 elections hold the key to climate action

This year, voters in five major carbon-emitting regions — the United States, India, Indonesia, Russia, and the European Union — will cast their ballots, holding significant implications for global climate action. Nature has published a piece summarizing the main policy...