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World business leaders want the upcoming United Nations climate summit to resolve issues that have so far hindered the use of carbon pricing to cut worldwide emissions, looking to boost the role that companies play in slowing global warming.
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British Prime Minister Boris Johnson urged Russian President Vladimir Putin to bring forward by 10 years Russia's target for achieving net zero carbon emissions, Johnson's office said on Monday after the two leaders spoke by phone.
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Hitting the Paris Agreement goal of net-zero carbon emissions will require investments in a green transition worth 2%-3% of world output each year until 2050, far less than the economic cost of inaction, according to a Reuters poll of climate economists.
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South Africa's Eskom, which is seeking funding to move away from coal-fired power, held "fruitful discussions" with Western climate envoys recently, the state power utility's chief executive said on Friday.
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New Zealand has become the first country to pass laws requiring banks, insurers and investment managers to report the impacts of climate change on their business, officials said on Thursday.