Nascent carbon emissions-trading exchanges in several countries are increasingly looking at options to interlink with one another, which advocates say would offer investors long-term stability, increase revenues for the development of renewable energy and strengthen corporate support for climate policy.
Officials at the World Bank are forcefully rejecting a new internal evaluation that is highly critical of the institution’s decade-long forest policy, expressing their “strong disagreement” with some assertions in the report.
The upcoming United Nations climate talks may have a renewed sense of urgency with a new World Bank report warning that the planet is on a dangerous path to four degrees Celsius of global warming by 2100.