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APUEA News

America’s JP Morgan Chase has pumped more than the GDP of Finland into fossil fuels expansion since the Paris climate accord of 2015, while Japan’s and China’s mega banks have also been ‘failing miserably’ in their response to climate change over the last four years, a report from a coalition of NGOs has shown.

Read more: https://www.eco-business.com/news/fossil-fuel-funding-by-worlds-biggest-banks-has-grown-every-year-since-the-paris-agreement-report-finds/

For nearly a decade now, Vietnam has made “payment for forest ecosystem services” its key strategy for protecting forests and improving the lives of poor rural communities. Now, it plans to use the same model to help rein in greenhouse gas emissions.

Read more: https://news.mongabay.com/2020/03/vietnams-new-conservation-plan-prioritizes-trees-and-people-emissions-not-so-much/

The use of fossil fuels such as coal and oil for generating electricity fell in 2019 in the United States, the European Union and India, at the same time overall power output rose, a turning point for the global energy mix.

Read more: http://econews.com.au/63790/renewables-surge-in-2019-sees-fossil-fuels-for-electricity-at-turning-point/

Indonesia should enact clean energy auctions, not feed-in tariffs (FiTs), to meet its renewable energy goals, according to the Institute for Energy Economics and Financial Analysis (IEEFA).

Read more: https://www.pv-tech.org/news/analysts-urge-indonesia-to-enact-auctions-not-feed-in-tariffs

In the face of the challenge posed by climate change, the focus of monetary policy often seems very short term. Central bankers must break this “curse of horizons” and take decisive steps to address fossil-fuel-related risks.

Read more: https://www.project-syndicate.org/commentary/climate-change-oil-exporters-rethink-monetary-policy-by-rabah-arezki-2020-02

A new study counts the cost of pulmonary and heart diseases, premature deaths and missed work days from fossil fuel-generated air pollution. China, the world’s largest consumer of coal, is paying a hefty price.

Read more: https://www.eco-business.com/news/us900-billion-a-year-china-is-bearing-the-worlds-highest-cost-of-air-pollution-from-fossil-fuels/