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Reuters
The world could get on track to avert catastrophic climate change by investing a tenth of a planned $12 trillion in pandemic recovery packages in reducing dependence on fossil fuels, according to a study published on Thursday. The world could start to bring the Paris Agreement 1.5°C temperature target within reach if governments used 10% of the planned stimulus to back climate-friendly projects such as renewable energy or energy efficiency every year for the next five years, according to the paper, published in the journal Science.
Climate Home News
A South Korean majority state-owned utility has approved investment in a coal power station project in Vietnam, undermining the government’s “green new deal” rhetoric. Climate Analytics chief executive Bill Hare said: “Vietnam is in the process of gradually moving away from coal and learning how it can take advantage of its renewable resources. The Korean government should not be discouraging that. It should be helping to accelerate that.”
Thomson Reuters Foundation
If a Biden-promised U.S. net-zero pledge comes on top of new EU and China commitments, "there's real hope" climate goals can be met, experts say
The Energy Mix
With the Trudeau government just hours away from tabling its long-awaited Speech from the Throne, the international Climate Action Tracker is branding the country’s carbon reduction efforts “insufficient” and consistent with a 3.0°C world, with “little support” for green recovery measures to date.
Euractiv
President Xi Jinping’s pledge that China will achieve carbon neutrality before 2060 is the most significant climate policy move for years and, if achieved, could curb likely global warming by 0.2-0.3 Celsius this century, researchers said.
Climate Home News
China’s pledge to achieve carbon neutrality before 2060 has been hailed as the most important milestone in global climate policy in the last five years. If China achieves its goal by 2060, it could lower global warming projections by 0.2 to 0.3C, the single biggest reduction measured since countries signed the Paris Agreement in 2015, according to Climate Action Tracker (CAT).
CNN
The COVID-19 pandemic could have been the decisive moment in the fight against climate change -- an opportunity for leaders to bail out the environment and pivot the planet toward a greener future. Instead, CNN has found that some of the biggest fossil fuel-producing countries are injecting taxpayer money into propping up polluting industries. And exclusive new data shows these decisions are taking the world a step closer to a climate catastrophe.This extensive CNN interactive feature is based on data from the Climate Action Tracker and features insights from Climate Analytics' CEO Bill Hare.
Hankyoreh
In a new report, international climate change experts argue that South Korea will have to more than double its current emissions reduction target if it’s to shoulder its fair share of reductions while keeping its commitments under the Paris Agreement. “The important thing is for the Korean government to strengthen its 2030 emissions target to bring it in line with the Paris Agreement. Key to that is accelerating the supply of renewable energy as quickly as possible so that coal plants can be shut down within 10 years,” said Ursula Fuentes, a senior climate policy adviser at Climate Analytics.
UNA-UK Climate 2020 Report
A decade on from its creation, how successful is the Green Climate Fund in translating finance from rich countries into climate action for the most vulnerable? An article by Director of our New York office and Head of Implementation Strategies Laetitia De Marez in UNA-UK's report Climate2020.
Climate Home News
South Korea is on track to set a 2050 carbon neutrality goal and end coal financing after its elections. Ursula Fuentes Hutfilter from Climate Analytics said “This is a clear mandate and opportunity for the party to implement these policies,” adding that for the Democratic Party to turn its promises into something credible it needed to take “concrete steps”, including updating its 2030 emissions target and developing a clear roadmap to phase out coal power.