World

Here we will post all the news regarding carbon prices and climate change.

World

Bezos pledges $10bn to fight climate change

The world’s richest man Jeff Bezos pledged $10bn to help fight climate change, as reported by the BBC. What will the money go for? The money would finance work by scientists, activists and other groups. Writing on his Instagram account, Mr Bezos said the fund would begin distributing money this summer. “I want to work […]

World

Ocean temperatures reached record high

The world’s ocean temperatures reached a new record level in 2019, showing “irrefutable and accelerating” heating of the planet, states The Guardian. “The oceans are really what tells you how fast the Earth is warming. Using the oceans, we see a continued, uninterrupted and accelerating warming rate of planet Earth. This is dire news.” Prof […]

World

Microsoft makes ‘carbon negative’ pledge

Microsoft has made a ‘carbon negative’ pledge, which means to remove “all the carbon” that it has released into the environment since the company was founded in 1975, as reported by the BBC. What happened? Chief executive Satya Nadella said that he wanted to achieve the goal by 2050. To do so, the company aims […]

World

COP25: Marshall Islands in ‘fight to death’

Last week powerful swells averaging 5m (16ft) washed across the capital of the Marshall Islands, Majuro. The eighth President of the Republic of the Marshall Islands President Hilda Heine commented: “Water covers much of our land at one or other point of the year as we fight rising tides. As we speak hundreds of people […]

World

New composition of the European Comission has begun operation

On the 1st December, the updated European Commission became operational, reports their press service. What happened? On November 27th, The European Parliament approved the composition of the European Commission, headed by Germany’s defence ex-minister Ursula von der Leyen. “Europe is not just a treasure we inherit. Europe is a promise. Europe is the future. Europe […]

World

EU will spend 21% of the budget to beat climate change

Next year’s EU budget will focus on supporting the economic growth and competitiveness of the European economy, as well as on achieving other EU priorities. In particular, in areas such as security and climate change migration management. What are the total budget? Total commitments are set at €168.7 billion. This is an increase of 1.5% […]