China, which long targeted rapid industrial growth despite its environmental consequences, now aims to become the global leader in “low-carbon tech for a carbon-constrained world” as it unveils its new five-year plan this week, China analysts said.
Grass roots momentum has pushed the central government to pledge carbon neutrality by 2050, but it could count for little if the country fails to stop coal investment and set an enhanced 2030 target.
Some of the world’s largest insurers and pension schemes are warning companies they invest in not to finance, insure, build, develop or plan new thermal coal plants or face sanctions, including possible divestment.
West Bengal government’s dream to develop the world’s second-largest coal mine becomes a nightmare as elections loom.
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.
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.