Positive Environmental EventsWorld leaders praise China’s pledge at critical time for Paris climate accord
World leaders welcomed China’s new climate target in addresses to the UN General Assembly on Thursday, and said the year ahead would “determine the fate” of the Paris climate agreement.
Market TrendsVatican cardinal resigns in wake of London property investigation
One of the Vatican’s most powerful cardinals has resigned suddenly amid an ongoing investigation into the suspected misuse of Catholic charitable funds for investments in luxury London real estate.
Supply ChainBoohoo has ‘many failings’ in its supply chain, review finds
Fashion retailer Boohoo has “many failings” in its supply chain but has demonstrated it is taking steps to remedy the problem, an independent review commissioned by the company has found.
Market TrendsUK car output falls 44% in August as orders dry up
UK car manufacturing fell 44 per cent last month compared with a year earlier as domestic orders dried up and exports fell, in the second worst month since car plants restarted after lockdown
Negative Environmental EventsPrince Charles Introduces Six-Point Plan to Fight Global Warming
The Prince of Wales rolled out a six-step “Marshall-like plan” aimed at putting the world on better footing to fight global warming. Prince Charles has warned that the unfolding climate emergency will soon dwarf the impact of the Covid-19 pandemic. On Thursday, he laid out his proposal for addressing the crisis.
Positive Environmental EventsCalifornia Is Banning Gasoline Cars. Now the EV Race Begins
California just started the clock on a future that a few years ago would’ve been unthinkable: dealerships full of nothing but zero-emissions cars.
Positive Environmental EventsChina Should Slash Raw Coal Usage by 150 Million Tons, New Report Says
China should slash consumption of raw coal by businesses and households by at least 150 million tons between 2020 and 2025 to improve air quality and protect the environment, according to a new report. An annual study published Thursday by a research organization affiliated with the Natural Resources Defense Council, an environmental group, urges the government to sustain dramatic reductions in the use of so-called “dispersed coal,” fist-sized lumps of the black rock burned by households and businesses for heating and energy.
Positive Environmental EventsChina Will Be Carbon Neutral By 2060, President Xi Says
China has said it will achieve net zero carbon emissions before 2060, in a bold pledge by the world’s largest greenhouse gas emitter to tackle global heating and climate change.
Market TrendsWorld’s Richest Create Twice the Carbon Emissions of Poorest 50%, Study Finds
The richest 1% of people in the world were responsible for more than double the amount of global carbon dioxide emissions compared to the poorest 50% between 1990 and 2015, new research has shown.