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Summary of decisions from Durban climate conference

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Governments at the COP17 meeting decided to adopt some form of a universal legal agreement on climate change as soon. markets all remain in action as effective tools to leverage global climate action and as models to inform. Nations Framework Convention on Climate Change (UNFCCC). Green Climate Fund.

Climate 294
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Group of 285 global investors with more than $20T in assets under management calls for urgent action on investment-grade climate change and energy policies; guidelines for governments

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Saying that “ investment-grade climate change and clean energy policy is required to shift private sector investment from high-carbon to low-carbon assets ”, a group of 285 investors has urged governments and international policy makers to take new and meaningful steps in the fight against climate change.

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Cutting Non-CO2 Pollutants Can Delay Abrupt Climate Change; The Fast Action Climate Agenda

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Current emissions of anthropogenic greenhouse gases (GHGs) have already committed the planet to an increase in average surface temperature by the end of the century that may be above the critical threshold for tipping elements of the climate system into abrupt change with potentially irreversible and unmanageable consequences, the authors write.

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Bank of America joins Stanford’s Global Climate & Energy Project

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Bank of America has joined Stanford University’s Global Climate & Energy Project (GCEP), a collaboration of academic and business experts that identifies and supports new avenues of research to make environmentally sustainable, low-cost energy available to everyone. All of humankind needs energy that is reliable, cleaner and more affordable.

Climate 218
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Climate Talks End In Copenhagen Accord; Countries Settle On Non- Binding 2 ºC Warming Limit

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Diplomats were recalled from their hotels to block the move, and Rasmussen instead called a brief adjournment following intervention by UK Energy and Climate Secretary Ed Miliband, as well as Australian and US officials. All agreements would be legally binding, and would be subject to independent verification. by Jack Rosebro.

Climate 236
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Study: California will hit climate targets >100 years too late at current pace of reductions; transportation, wildfires & landfills

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California will meet its 2030 climate targets more than three decades late, in 2061, and could be more than 100 years late in meeting its 2050 target if the average rate of emissions reductions from the past year hold steady, according to a new study tracking more than a decade of environmental and economic indicators in the state.

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Airlines Present Climate Change Proposals at UN Forum; 50% Absolute Cut In Emissions by 2050 Compared to 2005

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The International Air Transport Association (IATA) presented its proposals for December’s climate change talks to the UN Secretary General’s Summit on Climate Change in New York. The forum took place in the run-up to the United Nations Framework Convention on Climate Change (UNFCCC) meeting in Copenhagen this December.