Big Companies Foresee $970 Billion in Climate Risk, $2.1 Trillion in Gains from Climate Action
More than 200 of the world’s biggest companies anticipate nearly US$1 trillion in business risk—more than half of it in the next five years—due to climate change, but $2.1 trillion in benefits from climate-friendly products and services, according to an analysis of thousands of corporate disclosures by CDP, the UK non-profit formerly known as the Carbon Disclosure Project.
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Push Japan Toward Coal Subsidy Phaseout, Abreu Urges Trudeau Government
With Japan chairing this year’s G20 meetings and its prime minister, Shinzo Abe, trying to position himself as a climate leader, Canada has an opportunity to encourage the country to “power past coal”, Climate Action Network-Canada Executive Director Catherine Abreu writes in a National Observer opinion piece.
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Rainforest Destruction in Brazil Hit 10-Year High in May
Brazil recorded its worst rate of rainforest destruction in a decade over the crucial month of May, with the government’s own satellite imagery showing illegal loggers stepping up their activity under the deregulatory regime of President Jair Bolsonaro.
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