Tax oil companies to pay for climate damage, island states say

A group of small island nations joined on Tuesday calls for a windfall tax on oil companies to compensate developing countries for the damage caused by climate change-induced natural disasters. Developing countries made their case at the UN COP27 climate summit in Egypt for the creation of a “loss and damage” fund, arguing that rich … Read more

Tax oil companies to pay for climate damage, island states say

A group of small island nations joined on Tuesday calls for a windfall tax on oil companies to compensate developing countries for the damage caused by climate change-induced natural disasters. Developing countries made their case at the UN COP27 climate summit in Egypt for the creation of a “loss and damage” fund, arguing that rich … Read more

Rewiring financial system to help climate-affected countries: UN chief

The world needs to rethink the international financial system to provide debt relief to countries hit by devastating and costly climate impacts such as Pakistan, UN chief Antonio Guterres said Monday. The catastrophic floods that have flooded a third of Pakistan this year have displaced millions of people, inundated large swaths of important farmland and … Read more

Rewiring financial system to help climate-affected countries: UN chief

The world needs to rethink the international financial system to provide debt relief to countries hit by devastating and costly climate impacts such as Pakistan, UN chief Antonio Guterres said Monday. The catastrophic floods that have flooded a third of Pakistan this year have displaced millions of people, inundated large swaths of important farmland and … Read more

Whale dies after being washed ashore in northern France

A 7.6-meter (25-foot) whale died Monday on a beach in northern France, hours after it washed ashore and was discovered alive but injured, authorities said. Experts had hoped the tide would come in time to get the cetaceans back on their way, but the animal died as it struggled to reach the water. The occurrence … Read more

World risks ‘collective suicide’, UN chief warns climate summit

UN chief Antonio Guterres warned world leaders at a climate summit in Egypt on Monday that humanity faces a stark choice between working together or “collective suicide” in the fight against global warming. “Humanity has a choice: cooperate or perish,” Guterres said at the UN COP27 summit. Originally published as World risks ‘collective suicide’, UN … Read more

UN chief warns world leaders against ‘collective suicide’ over climate

Macron said the United States and China should “pay their share” on climate UN chief Antonio Guterres warned world leaders at a climate summit in Egypt on Monday that humanity faces a stark choice between working together or “collective suicide” in the fight against global warming. “Humanity has a choice: cooperate or perish,” Guterres said … Read more

World leaders gather for climate talks under cloud of crises

World leaders gathered Monday for climate talks in Egypt, pressured to further cut emissions and financially support developing countries already devastated by the effects of rising temperatures. French President Emmanuel Macron urged the United States, China and other non-European rich countries to step up their efforts to reduce emissions and provide financial aid to other … Read more

COP27: Financing for climate damage gets a foot in the door

Sunday’s UN climate negotiations offered a glimmer of hope and “solidarity” for developing countries battered by the increasingly expensive effects of global warming, by agreeing to discuss the thorny issue of money for “loss and damage”. . But he said it was only a first step to get the negotiators to discuss the matter. Originally … Read more

COP27: Financing for climate damage gets a foot in the door

Sunday’s UN climate negotiations offered a glimmer of hope and “solidarity” for developing countries battered by the increasingly expensive effects of global warming, by agreeing to discuss the thorny issue of money for “loss and damage”. . But he said it was only a first step to get the negotiators to discuss the matter. Originally … Read more