environment correspondent
Alister's Feed
Jun 4, 2015

IKEA pledges 1 billion euros to help slow climate change

OSLO (Reuters) – IKEA, the world’s biggest furniture retailer, plans to spend 1 billion euros ($1.13 billion) on renewable energy and steps to help poor nations cope with climate change, the latest example of firms upstaging governments in efforts to slow warming.

Chief Executive Peter Agnefjall said the measures would “absolutely not” push up prices at the Swedish group’s stores. The investments will be “good for customers, good for the climate and good for IKEA too,” he told Reuters.

Jun 2, 2015

“Radical transition” of economy needed to curb climate change-study

BONN, Germany, June 2 (Reuters) – Harmful impacts of global
warming such as heat waves and sea level rise are mounting and
show a need for a “radical transition” to a greener economy, a
study presented at U.N. climate talks said on Tuesday.

Damage is growing even though average temperatures have
risen only 0.85 degree Celsius (1.5 Fahrenheit) above
pre-industrial times, less than half the 2C set as a maximum
acceptable rise by almost 200 nations, it said.

Jun 2, 2015

Global CO2 pricing seen unlikely to be big part of Paris climate deal

LONDON/BONN, June 2 (Reuters) – A global carbon emissions
pricing system pushed by top energy companies is unlikely to be
a big part of any United Nations’ deal to curb global warming,
some experts say, because many countries have little faith in
such cross-border initiatives.

“All countries are relatively sceptical on international
market mechanisms,” said Niklas Hoehne, founding partner of
research group NewClimate Institute. “They are open to have
national trading mechanisms or national pricing, but to have
these mechanisms internationally, there is a lot of reluctance.”

Jun 1, 2015

France suggests world leaders at start, not end, of climate summit

OSLO, June 1 (Reuters) – France suggested on Monday that
world leaders should attend only the start of a summit on
climate change in Paris in six months, hoping to avoid a repeat
of the last failed attempt in 2009 when they came at the end and
left empty-handed.

Foreign Minister Laurent Fabius also said France hoped to
agree some elements of a U.N. climate deal by October, weeks
before the Nov. 30-Dec. 11 summit, which aims to agree a global
pact to cut rising greenhouse gas emissions.

Jun 1, 2015

Climate change boosts rain in Africa’s Sahel region: study

BONN, Germany (Reuters) – Rising greenhouse gases have boosted rainfall in the Sahel region of Africa, easing droughts that killed 100,000 people in the 1970s and 1980s, in a rare positive effect of climate change, a study said on Monday.

The report adds to debate about the causes of a greening of the Sahel region, south of the Sahara Desert from Senegal to Sudan. It said a continued rise in greenhouse gas emissions was likely to help more rainfall in the region in future.

Jun 1, 2015

Insight – U.N. climate deal in Paris may be graveyard for 2C goal

BONN/WASHINGTON (Reuters) – The U.N.’s Paris climate conference, designed to reach a plan for curbing global warming, may instead become the graveyard for its defining goal: to stop temperatures rising more than 2 degrees Celsius above pre-industrial levels.

Achieving the 2C (3.6 Fahrenheit) target has been the driving force for climate negotiators and scientists, who say it is the limit beyond which the world will suffer ever worsening floods, droughts, storms and rising seas.

Jun 1, 2015

U.N. climate deal in Paris may be graveyard for 2C goal

BONN/WASHINGTON, June 1 (Reuters) – The U.N.’s Paris climate
conference, designed to reach a plan for curbing global warming,
may instead become the graveyard for its defining goal: to stop
temperatures rising more than 2 degrees Celsius above
pre-industrial levels.

Achieving the 2C (3.6 Fahrenheit) target has been the
driving force for climate negotiators and scientists, who say it
is the limit beyond which the world will suffer ever worsening
floods, droughts, storms and rising seas.

May 31, 2015

Bonn U.N. talks seek to trim unwieldy climate change plan

OSLO (Reuters) – Governments will try on Monday to streamline an 89-page draft text of a U.N. deal to fight climate change due to be agreed in Paris in December, hoping to avoid the acrimony of the last failed attempt.

The 190-nation talks among senior officials in Bonn, from June 1-11, will try to narrow down vastly differing options, ranging from promises to slash greenhouse gas emissions to zero by 2050 to vague pledges to curb rising emissions.

May 31, 2015

Bonn U.N. talks seek to trim unwieldy climate change plan

OSLO (Reuters) – Governments will try on Monday to streamline an 89-page draft text of a U.N. deal to fight climate change due to be agreed in Paris in December, hoping to avoid the acrimony of the last failed attempt.

The 190-nation talks among senior officials in Bonn, from June 1-11, will try to narrow down vastly differing options, ranging from promises to slash greenhouse gas emissions to zero by 2050 to vague pledges to curb rising emissions.

May 28, 2015

Norway oil fund may have to sell shares in up to 75 firms in coal ban

OSLO, May 28 (Reuters) – Norway’s $900 billion wealth fund
may have to sell its stakes in up to 75 companies once new rules
for limiting coal investments go into effect in a radical shift
meant to lessen the impact of climate change, officials said on
Thursday.

Parliament’s finance committee agreed a cross-party deal on
Wednesday that the fund, which owns about 1.3 percent of listed
companies globally, should sell stakes in firms that generate
more than 30 percent of their output or revenues from
coal-related activities.