The largest economic opportunity of the twenty-first century, according to U.S. Treasury Secretary Janet Yellen, is to close the $3 trillion annual capital gap that would arise from the world's transition to a low-carbon economy by 2050. This amount is significantly more than the present yearly...

In a significant vote of confidence for Turkey amid its attempts to revive its economy, the Financial Action Task Force, an international watchdog group devoted to preventing money laundering and illicit cash flows, removed Turkey from its "grey list" of nations that require extra attention on...

According to the European Union's climate change monitoring service, the world just had its warmest January on record, making it the first 12-month period in which average temperatures were more than 1.5C (2.7F) above pre-industrial periods. This was announced on Thursday.   Due to a...

The national weather service of the United Kingdom, Met Office, announced that 2023 was the second-warmest year on record for Britain. This finding highlights the increasing influence of human-caused climate change on the nation's average temperatures.   The mean temperature of 9.97 degrees...

On the last day of the global conference, the proposed language for a COP28 climate agreement that does not call for the phase-out of fossil fuels has come under heavy fire from influential figures, exposing deep divisions.   The United Arab Emirates' leadership of the climate summit...

Brazil has joined a potential agreement supported by the United Arab Emirates, the United States, and the European Union to treble the amount of renewable energy produced globally by 2030 and move away from coal use, the country's Foreign Ministry announced on Friday.   The largest nation in...

Ranked 14th in the world for gas consumption in 2022, with a growing dependence on imports, India plans to further increase its use of LNG. This appetite stems from both the economic development of the world's largest demographic power and from its far reaching ambitions with regards to the energy...

After the El Nino weather pattern erupted in the tropical Pacific for the first time in seven years on Tuesday, the World Meteorological Organisation predicted that temperatures will spike in many regions of the world.   El Nino, a rise in water surface temperatures in the eastern and...

The UN Food and Agriculture Organization's world price index climbed in April for the first time in a year, although it is still 20% lower than a record high set in March 2022 following Russia's invasion of Ukraine.   The Food and Agriculture Organization's (FAO) price index, which tracks...

According to Kristalina Georgieva, managing director of the IMF, a comprehensive program of support for Ukraine is still several weeks away from being finalized.   This comes hours after the IMF announced on Friday that it had reached an agreement with Ukrainian authorities at the staff...

Greenhouse gas concentrations rose at above-average rates to new highs last year, according to the United Nations weather agency, which warned that time is running out for people to make the transformational changes required to limit global temperature rises.   The World Meteorological...