I don’t know how many G20 leaders will have time to read the FT website today, but they should. The paper’s editorial is nothing short of staggering.
It starts by stating “As addictions go, the world’s addiction to fossil fuels is a killer.”
Coming from the mouthpiece of one of the world’s financial capitals, which is still [...]

According to a leaked letter, the Obama Administration is set to propose ending fossil fuel subsidies next week at the Pittsburgh G20. The letter, authored by Michael Froman who is an Obama advisor on international economic affairs, calls on the G20 to eliminate all fossil fuel and electricity subsidies, as a “logical step in combating [...]

At a briefing today on the Stategic Framework on Climate Change and Development, a World Bank official conceded that the proposed “Clean Technology Fund” might better be called the “Slightly Cleaner Technology Fund,” but said she would not go so far as to call it the “Dirty Technology Fund.”

Tackling climate change and other environmental hazards is affordable but urgent action is needed to avert irreversible damage, the Organisation for Economic Cooperation and Development (OECD) said yesterday.
The 30-nation OECD said possible environmental safeguards might slow world growth by just 0.03 percent a year — meaning that by 2030 the global economy would be 97 [...]

Another day and another disaster looms over climate. Lake Mead, the vast reservoir for the Colorado River water that sustains the fast-growing cities of Phoenix and Las Vegas, could lose water faster than previously thought and run dry within 13 years, according to a new study by scientists
The lake, located in Nevada and Arizona, [...]