By Reuters Staff
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BEIJING (Reuters) - China is targeting the launch of a nationwide emissions trading scheme during the period from 2021 to 2025, its top climate official said on Wednesday, signalling another delay for the long-awaited carbon trading platform.
Technical problems and concerns over the accuracy and transparency of emissions data have dogged the scheme, whose first phase, covering the power sector, had been expected to launch this year.
“China’s carbon market will evolve from regional pilot programs to a national trading scheme and expand from single sector to multiple industries,” Li Gao, the head of the environment ministry’s climate change office, told a briefing.
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Major HSBC Holdings PLC shareholders are calling on Europe’s biggest bank to toughen its commitment to cut lending linked to fossil fuels and to turn its climate “ambitions” into targets.
Investors collectively managing some US$2.4-trillion in assets have filed the resolution to be voted on at HSBC’s annual general meeting, after HSBC in October stated its ambition to get to net-zero carbon emissions by 2050.
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January 10, 2021
ISLAMABAD: The funeral prayers of the coal miners executed in Balochistan s Mach last week were offered on Saturday after nearly a week-long sit-in by the Hazaras community in the provincial capital. The miners were laid to rest in the Hazara Town graveyard. A large number of people gathered for the burial of the miners.
Majlis Wahdat-e-Muslimeen leader Allama Raja Nasir Abbas and other Hazara leaders were at the cemetery.
National Assembly Deputy Speaker Qasim Suri and Special Assistant to PM Zulfiqar Bukhari, Balochistan Home Minister Mir Ziaullah Langau, provincial minister Mir Arif Jan Muhammad and other government officials also attended the funeral prayers. MWM s Allama Hashim Mousavi offered the funeral prayers of the miners.
As recently as 2019, Malaysia built a new coal-fired plant while the rest of the world is turning away from this most polluting of energy sources. AP
As we step into 2021, we face crunch time for climate action. We have less than a decade left to achieve the massive global goal of halving carbon dioxide emissions by 2030 (relative to 2010).
If not, we risk global temperatures rising above 2°C – beyond which, scientists warn, climate change may be irreversible and catastrophic. We’ve already had the five warmest years on record in the last decade, as well as record wildfires, droughts, hurricanes and storms. Plus, polar ice is melting faster than anticipated.