Group items tagged

As President Donald Trump announced plans to withdraw from the Paris climate agreement, several governors and mayors of major cities reacted with disappointment and pledges to continue environmental efforts. "Worldwide, cities will lead in achieving climate treaty goals because so much of what's required happens at the local level," said Austin, Texas, Mayor Steve Adler.

They may seem obtuse and complex to outsiders, but the decisions taken at this United Nations climate summit hold ramifications for almost every business on Earth. Here are seven reasons why COP24 matters for your business.

Indonesia and Norway have agreed on a first payment from a $1 billion deal under which Indonesia preserves its rainforests to curb carbon dioxide emissions.

We may suspect that low-flow toilets and showerheads and thermostats that let the room get a little chilly or stuffy while you're gone are really just ways to reduce the hotel's utility bills.We may believe it's always and forever about the bottom line. Snyder's title is vice president of corporate responsibility at IHG, whose hotel brands include Holiday Inn, InterContinental, Hotel Indigo, Kimpton and more. His unofficial title is chief sustainability officer for the company. Whatever title he may go by, he is committed to being green, noting that saving money and saving the environment do not have to be mutually exclusive.

Trudeau (Chris Jackson/Getty Images) Canadian Prime Minister Justin Trudeau will implement nationwide carbon emissions pricing in 2018. According to Trudeau's plan, provinces will be charged CA$10 per metric ton of carbon emissions produced, which will increase to CA$50 per metric ton during 2023.

The Paris climate agreement will likely be ratified on Earth Day, when it will be signed by more than 130 nations, the UN said on Friday. Only 55 signatures are needed to ratify the document. If approved, the climate accord is expected to encourage countries to curb their greenhouse gas emissions, ultimately holding global warming to an increase of no more than 2 degrees Celsius, or 3.6 degrees Fahrenheit, through the next two decades.

The United States, China, and around 130 other nations are expected to sign the Paris Agreement on April 22 at the UN headquarters in New York City.

Europe will cut its greenhouse gas emissions by 40% by 2030, compared with 1990 levels, the toughest climate change target of any region in the world, and will produce 27% of its energy from renewable sources by the same date.

India has ratified the Paris Agreement, bringing the total to 62 countries representing 52% of global GHG emissions.