Peabody Energy, the world’s biggest private sector coal company, has agreed to make more robust disclosures to its investors about the financial risks it faces from future government policies and regulations related to climate change and other environmental issues that could reduce demand for its product.
Without the right policies to keep the poor safe from extreme weather and rising seas, climate change could drive over 100 million more people into poverty by 2030, the World Bank said on Sunday. In a report, the bank said ending poverty would be impossible if global warming and its effects on the poor were not accounted for in future development efforts.
The new Oslo city council is moving ahead with plans to eliminate all private vehicles from central Oslo over the next four years. While the details have yet to be finalized, city council plans on replacing automobile transportation in the city centre with alternatives that include 60 kilometres of new bike lanes, a new subsidy for the purchasing of e-bikes and a significant expansion of its already-robust public transit system.
In announcing the State Department’s decision to reject the permit application for the proposed Keystone XL pipeline, President Obama focused on how this decision fits into the broader context of international negotiations on climate change. With this decision made, Harvard Professor James Stock decided to step back and look at the KXL decision from the perspective of environmental economics.