financetom
Economy
financetom
/
Economy
/
G20 leaders call for effective action to cap global warming at 1.5C
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
G20 leaders call for effective action to cap global warming at 1.5C
Oct 31, 2021 11:00 AM

Leaders of the Group of 20 rich countries called for "meaningful and effective" action to limit global warming at 1.5 degrees Celsius in a final communique seen by Reuters on Sunday ahead of its publication.

However, the communique contained few concrete actions and made no reference to a specific 2050 date to achieve net zero carbon emissions that scientists say is vital to stave off disastrous climate change.

The final document says current national plans on how to curb emissions will have to be strengthened "if necessary" and includes a pledge to halt financing of overseas coal-fired power generation by the end of this year.

"We recognize that the impacts of climate change at 1.5°C are much lower than at 2°C. Keeping 1.5°C within reach will require meaningful and effective actions and commitment by all countries," the communique said.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Container Ship Traffic to Busiest US Ports to Pick Back Up Later in May
Container Ship Traffic to Busiest US Ports to Pick Back Up Later in May
May 26, 2025
02:43 PM EDT, 05/02/2025 (MT Newswires) -- The number of ships heading to the US's Southern California ports is expected to pick back up later in May amid speculation that trade tensions are easing between China and the US. According to data from Port Optimizer available Friday, 15 vessels are scheduled to arrive at ports in Los Angeles and Long...
Trump requests $893 billion for national defense, flat versus 2025
Trump requests $893 billion for national defense, flat versus 2025
May 26, 2025
WASHINGTON (Reuters) -U.S. President Donald Trump is asking Congress for a national defense budget of $892.6 billion for fiscal year 2026, flat compared to 2025 spending. The budget request, unveiled by the White House on Friday, prioritizes rebuilding the military, re-establishing deterrence, and promoting national security. The White House Office of Management and Budget is not requesting a trillion-dollar budget....
Federal Reserve reviewing confidential ratings for US big banks, WSJ reports
Federal Reserve reviewing confidential ratings for US big banks, WSJ reports
May 26, 2025
(Reuters) -The U.S. Federal Reserve's incoming vice chair for supervision is seeking to review the confidential ratings for the health of the country's biggest banks, the Wall Street Journal reported on Friday. If any adjustments were to be made to the supervisory ratings, which have gone through layers of evaluation at the central bank, some bank examiners would likely raise...
Building Permits for Multifamily Units Fall Below Pre-Pandemic Levels, Redfin Says
Building Permits for Multifamily Units Fall Below Pre-Pandemic Levels, Redfin Says
May 26, 2025
03:03 PM EDT, 05/02/2025 (MT Newswires) -- Permits issued over the past year to build multifamily housing units slid below pre-pandemic levels amid a surge in project costs and flattening rents, Redfin (RDFN) said in a report published Friday. From April 2024 to March this year, developers secured permits to build 12.4 multifamily units for every 10,000 people in the...
Copyright 2023-2025 - www.financetom.com All Rights Reserved