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France's government has unveiled a law to ban all production and exploration of oil and natural gas by 2040 on the country's mainland and overseas territories. The move is largely symbolic, however, as France's oil and gas production represents just 1 percent of national consumption - the rest is imported. The ban, which the government claims is a world first, is part of a larger plan to wean the country's economy from fossil fuels, encourage clean energy and fulfill France's commitments under the Paris Climate Agreement to curb global warming.

Paris-based Kering, which owns luxury brands Gucci, Yves Saint Laurent, Balenciaga and Alexander McQueen, among many others, is working on a 10-year sustainability plan that includes specific green standards for its supply chains. "When you are in the luxury sector, you have a responsibility because you set the trends," said Marie-Claire Daveu, Kering's chief sustainability officer.

The report sheds light on the corporate leaders, the most effective strategies to address climate change, the changing global landscape after the U.S. decision to pull out of the Paris Agreement and the crucial role of non-state actors in advancing climate goals.

Sweden has pledged to achieve carbon neutrality by 2045. The country plans to achieve this goal by cutting 85% of its GHG emissions from 1990 levels, and offsetting the remaining emissions.

France's Parliament took definitive steps to prevent food waste on Wednesday. The country's Senate unanimously voted to ban large food stores from throwing away food that's approaching its expiration date.