Page 14 - Production Gap News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The Paris Agreement, which celebrated its fifth birthday on December 12, is among the most remarkable diplomatic achievements in world history, representing decades of work to arrive at a common framework for capping global temperature rise at “well below” 2 degrees Celsius. It’s also basically toothless—as is the body in which it was brokered: the United National Framework Convention on Climate Change, or UNFCCC. President-elect Joe Biden has promised to undo Trump’s withdrawal and re-enter the Paris Agreement, rallying the world in the name of climate action. “We have to raise t...

Text size For a few moments in late April of 2020, oil -- normally the lifeblood of the world economy -- became more expensive to store than to pay someone to take it away. Crude oil's wildly fluctuating futures prices reflected the impact of the coronavirus pandemic, with record falls in greenhouse gas emissions and fossil fuel demand making 2020 an unexpectedly good year for the climate. The United Nations and the Global Carbon Project both said this month that planet-warming carbon pollution was set to fall seven percent this year, the largest single-year drop in history. As pressure...

New net-zero pledges are welcome but need to be met with rapid action in country climate plans, according to the UN Environment Programme