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China Touts "Green Finance" to Achieve UN Commitments
May 02, 2016
China's official press agency Xinhua has reported that the Chinese Government is seeking to implement the commitments it made under the UN climate agreement it signed in April in part by developing a wide-ranging system of "green finance," through bonds and development funds, to fund the country's transition to a low-carbon economy.
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World Bank, IMF Pressure Governments on Carbon Tax
May 02, 2016
The New York Times reports that the World Bank and the International Monetary Fund ("IMF"), using "economic leverage" and the World Bank's Carbon Finance Unit for support, are pushing governments to adopt taxes on businesses for their greenhouse gas emissions in order to counter climate change.
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UN Official Voices Concern over US Climate Action
May 02, 2016
UN General Assembly President Mogens Lykketoft has stated that it is important to the future of the recently signed UN climate deal that the next US President not be a climate change "denier" and that the next appointee to the US Supreme Court uphold President Barack Obama's executive action implementing the agreement.
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World Bank, France Fund West African Climate Program
May 02, 2016
The World Bank has announced that it is cooperating with the Government of France to finance the establishment of a West Africa coastal observatory, which will seek to improve the resilience of the West African coast against the impacts of global warming.
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Panel Seeks Ambitious Global Carbon Tax
April 29, 2016
The World Bank has announced that leaders from governments and international organizations on a Carbon Pricing Panel have issued a "vision statement" in which they call for an ambitious, globally connected system of carbon taxation that would cover 50 percent of the world's carbon emissions by the year 2030 in order to counter climate change.
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