The pending Paris climate deal may not keep the world under 2 C -- does that mean failure?
A growing number of leaders are openly acknowledging that a 2015 international agreement to avert catastrophic global warming will surely fall short of what's needed to achieve that goal.
But another consensus is also forming among top U.S. experts: that shortfall is OK, as long as the deal puts all major climate polluters on a serious, upward and transparent path to cutting greenhouse gases.
Corporations are likely to play a strong supporting role in next month's U.N. summit
Next month's U.N. climate change summit will see business leaders rallying around carbon pricing. Investors will call for carbon markets. And as many as 100 companies may pledge to power their operations entirely on renewable energy.
In all, more than 200 CEOs are expected to attend the climate mega-meeting hosted by Secretary-General Ban Ki-moon, organizers said. With expectations diminishing that world leaders will bring fat checks for poor nations or sign up to ambitious new carbon-cutting targets, many observers said the private sector will likely play an elevated role in the summit.
International governors group signs deforestation reduction commitment in Brazil
A group of state-level leaders from Indonesia, Peru, Brazil and several other heavily forested nations this week committed to make significant cuts to deforestation rates by 2020. However, the agreement will only hold if partners from wealthy nations provide adequate financial support.
The Rio Branco Declaration, spearheaded by the Governors' Climate & Forests Task Force, commits signatories to reducing deforestation by 80 percent by 2020 "contingent upon adequate, sufficient and long-term market and non-market performance based funding," according to a press announcement.
U.K.-based group claims self-regulation won't stop China's role in illegal logging
As China faces increasing international scrutiny for its role in driving illegal logging around the globe, an environmental nonprofit charges that the country's newly proposed measures to curb the practice won't be enough to keep forests standing.
The U.K.-based Environmental Investigation Agency, a lobbying group, today published its formal comment on the Chinese government's draft guidelines for forest product companies trading in other nations.
U.S. lags behind much of the world in investing in Africa's energy development
KAMPALA, Uganda -- President Obama's appeal for greater U.S. investment on the African continent was not major news in this booming East African capital where economic progress can be measured by glassy new office towers built for Chinese energy firms and the recent opening of Kampala's upscale Acacia Mall, where the main imprint of U.S. culture and business is a Kentucky Fried Chicken restaurant.
Uganda's national newspaper, New Vision, ran its coverage of the U.S.-Africa Leaders Summit deep inside yesterday's editions, alongside a photo of the American president whom many Africans view as their strongest ally -- Bill Clinton. (The newspaper's website did publish the full text of Obama's remarks, along with photos of the current president.)