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Paris Climate Accord

All articles tagged with #paris climate accord

climate-change2 years ago

Global Climate Talks Grapple with the Possibility of a Second Trump Term

The specter of a potential second term for former President Donald Trump looms over the global climate talks in Dubai, with concerns that the United States may withdraw from the Paris climate accord once again. While Biden administration officials assure commitment to the fight against climate change, the presence of a former Trump White House climate adviser at the talks suggests the long shadow Trump casts over the negotiations. Diplomats fear that a Trump victory in 2024 could undermine U.S. credibility and derail progress in reducing emissions. However, some diplomats focus on what President Biden has already accomplished and emphasize the role of the private sector in addressing climate change.

business2 years ago

Investors Rebel Against BP and Woodside's Climate Targets

BP is facing a shareholder revolt at its annual general meeting over its decision to scale back its emission reduction targets. Dutch activist investor Follow This has tabled a resolution calling on BP to align its climate targets with the Paris climate accord and commit to absolute carbon emissions cuts by 2030. Some of the UK's biggest pension funds, including the National Employment Savings Trust and the Universities Superannuation Scheme, have indicated they will support the resolution. BP has urged shareholders to oppose the resolution, saying it encroaches on the board's responsibility and accountability for the firm's strategy.

climate2 years ago

Vanuatu Leads the Charge for Climate Justice at the UN

Vanuatu has secured United Nations approval to ask the International Court of Justice whether countries can be sued under international law for failing to slow down climate change. The resolution, passed by consensus, reflects widespread frustration over the fact that greenhouse gas emissions are not being reduced quickly enough. The international court’s opinion would not be binding, but it could potentially turn the voluntary pledges that every country has made under the Paris climate accord into legal obligations under a range of existing international statutes. Vanuatu is also among a group of vulnerable island nations pressing for a global fossil fuels nonproliferation treaty.