Al Jazeera writes: Financial firms, including British insurer Prudential, lenders Citi and HSBC and BlackRock Real Assets are devising plans to speed up the closure of Asia’s coal-fired power plants in order to reduce the biggest source of carbon emissions, five people with knowledge of the initiative said. The novel proposal, which is being driven by the Asian Development Bank, offers a potentially workable model and early talks with Asian governments and multilateral banks are promising, the sources told Reuters.
Euractiv writes: The European Commission on Thursday (29 July) published a guide to assess whether planned infrastructure projects are equipped to cope with climate change impacts like floods and heatwaves, a condition that must be met to receive certain EU funds.
writes: Britain’s Royal Air Force has set a goal of becoming the first military service in the world to register and certify a zero-carbon aircraft.
TASS writes: Scientific studies into the permafrost thawing will be used to find fresh water in the Pre-Volga region. Specialists from the Laverov Federal Center for Integrated Arctic Research (FECIAR, Arkhangelsk) and the St. Petersburg State University have discovered a connection between the rate of uranium isotopes in water and the share of salt in it, FECIAR’s press service told TASS.
Al Jazeera writes: Thousands of scientists have repeated calls for urgent action to tackle the climate emergency, warning that several tipping points are now imminent. The researchers, part of a group of more than 14,000 scientists who have signed on to an initiative declaring a worldwide climate emergency, said in an article published in the journal BioScience on Wednesday that governments had consistently failed to address “the overexploitation of the Earth”, which they described as the root cause of the crisis.
Nikolaus J. Kurmayer writes for Euractiv: Energy poverty could be exacerbated as prices rise under the European Commission’s proposed revamped emissions trading scheme, the European Trade Union Confederation (ETUC) has warned, with other stakeholders raising similar misgivings.
Director of Sustainability and Associate Director of the Miller Worley Center for the Environment, Mount Holyoke College
Vice President, National Program and Outreach, Council on Foreign Relations
Global Times writes: Lowering trade tariffs and barriers and promoting liberalization of cross-border trade and investment are important measures to address climate change, and facilitate sustainable development, according to a spokesperson from the Ministry of Ecology and Environment (MEE) on Monday in response to the carbon border tax being considered by the EU.
Tamara Coger, Ayesha Dinshaw, Nisha Krishnan, Mitchell Cook, Anna Brown, Eric Chu and Emma Illick-Frank write for World Resources Institute: This working paper discusses how governments can use practical, flexible approaches to determine if and how finance is supporting locally led adaptation (LLA) to climate change. As national governments invest in building resilience to climate impacts, many are recognizing the importance of LLA. LLA recognizes that people closest to the effects of climate change are often best placed to identify adaptation solutions and must have financing and decision-making power to ensure that adaptation investments reflect their priorities.
go to World Resources Institute: Tracking and Reporting Finance for Locally Led Adaptation to Climate Change | World Resources Institute (wri.org)