Long-term, ambitious climate goals boost green finance: China’s top climate envoy

13 December 2017 - China's practice in recent years shows that establishing long-term, effective and ambitious goals to reduce greenhouse gas emissions can attract more capital and technology from all sectors to engage in developing a green economy, Xie Zhenhua,...
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Belgium plans to issue first green bond in 2018

12 December 2017 - Belgium will issue its first bond for use in financing projects to reduce the country’s carbon emissions. Belgium would follow a number of countries that have sold or plan to sell “green bonds”. Poland became the first a year ago, followed by France...
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Saudi Arabia to raise energy prices, pay cash to poorer citizens

12 December 2017 - Saudi Arabia has approved a new round of energy price hikes and a cash handout system for low- and middle-income citizens to offset the impact of the changes, fresh steps in a year-old austerity program amid low crude prices. The cabinet approved...
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No ‘direct’ carbon tax planned for consumers, environment minister says

12 December 2017 -  New Brunswickers will not pay a "direct" carbon tax under the Liberal government's planned carbon-pricing system, says Environment and Local Government Minister Serge Rousselle. Instead, a portion of the existing gas and fuel taxes will be...
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With fossil fuel subsidies, humanity investing in ‘own doom’: UN chief

12 December 2017 - By subsidising fossil fuels, humanity was "investing in its own doom", UN chief Antonio Guterres said Tuesday at a Paris summit seeking to unlock funds for the global shift towards greener energy. "Fossil fuels remain heavily subsidised -– meaning...
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