US president Joe Biden declared that western democracies were “in a contest with autocrats”, and challenged leaders of G7 countries to use their financial muscle to counter China’s rising global influence. Biden said he was “satisfied” with the outcome of the G7 summit in Cornwall on Sunday, but pushed European leaders to be more ambitious…
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Germany’s Green party adopted an election manifesto on Sunday that vowed to transform the country’s economy and fast-track its transition to carbon neutrality by ten years to 2035. Pledging to turn Germany into a “socio-ecological market economy”, Annalena Baerbock, the party’s candidate for chancellor, this weekend proposed a “pact with German industry”. Companies that became…
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The Atlantic hurricane season, which begins in June and lasts throughout November, is upon us. Coastal homeowners have reason to be worried. So do shareholders. Until recently, reinsurers and banks have borne most of the market risk of climate change. Now things are changing. Individual companies are being held explicitly responsible for the risks of…
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Leaders of the G7 countries will back a western rival to China’s Belt and Road Initiative on Sunday, with a plan to mobilise billions of dollars to help developing countries tackle climate change. Joe Biden has led calls to offer poor countries a new source of infrastructure finance, providing a “democratic” alternative to Chinese loans,…
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Leaders of the G7 leading western economies will on Sunday back a western rival to China’s “belt and road” initiative, in a plan to mobilise billions of dollars to help developing countries tackle climate change. Joe Biden has been leading calls to offer poor countries a new source of infrastructure finance, providing a “democratic” alternative…
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Trillions of dollars of economic activity along China’s east coast, including $974bn in Shanghai alone, are exposed to oceans rising as a result of climate change this century, according to Financial Times analysis of unpublished data. When fine-grained gross domestic product and population data is mapped against projections of rising oceans for the year 2100,…
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Europe fell under the moon’s shadow during a partial solar eclipse this week. Skygazers were not the only ones paying close attention. A summer eclipse meant a sudden halt to solar panel power output just as it reaches its peak. Panels have been rolled out across the continent in recent years in a bid to…
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This year’s G7 meeting is the middle of a three-act play — after President Biden’s Climate Leaders’ Summit, and before the Climate Conference of the Parties in Glasgow. In fact, according to UN Climate Change executive secretary Patricia Espinosa, the decisions the G7 makes in the next few weeks will have a major impact on…
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The leaders of the west descended on Carbis Bay, along with podcasters, for this year’s G7 summit. Boris Johnson and Joe Biden appeared to develop a bromance – despite their split on Northern Ireland. We discuss the key themes of the summit and whether Brexit overshadowed the prime minister’s efforts to forward his Global Britain…
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