China’s carbon emissions market is set to expand 30 times over the next ten years, reaching $25 billion by 2030, Bloomberg reports, citing an analysis by Citi
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(Thomson Reuters Foundation) - A former Australian finance minister vying to become the new head of the Organisation for Economic Co-operation and Development (OECD) said he would pursue an “ambitious” and “global” approach to help nations become carbon-neutral by 2050.
Mathias Cormann, Australia’s longest-serving finance minister until last year, is one of two candidates hoping to take over as OECD secretary-general from outgoing Angel Gurría.
But last week, the heads of about 30 Australian and global charities and research institutions signed a letter urging the Paris-based organisation to drop Cormann from the race, saying he had a public record of “thwarting effective climate action”.
The Czech Republic will sue Poland over the expansion of the Turow lignite mine near the Czech and German borders, the Czech Foreign Ministry said on Monday, saying the expansion was damaging communities on the Czech side of the border.