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Saturday, 30 October 21
G-20 LEADERS PREPARE STATEMENT TO STOP FUNDING FOREIGN COAL PLANTS - BLOOMBERG
BloombergLeaders of the Group of 20 wealthy economies are preparing to pledge to stop funding foreign coal-fired plants, but are still wrangling over climate objectives that are crucial to keeping global temperatures in check, according to a draft statement for this weekend’s summit.
 
The 11-page document seen by Bloomberg, which is still being negotiated by diplomats in Rome ahead of the meeting, shows key deliverables have yet to be agreed. The draft, dated Thursday, refers to the “existential challenge” of climate change.
 
Many references to climate objectives and dates are still in brackets or with large slabs of text highlighted in various colors, meaning they haven’t been finalized. That includes a vow to take “immediate action” to keep the objective of limiting global warming to 1.5 degrees Celsius within reach. There is a reference to ending the use of coal in domestic power generation, but the current wording would give countries wiggle room.
 
Some sort of agreement among G-20 leaders is essential as many of them then go onto Glasgow for the COP26 climate summit, which is designed to improve on the goals set under the Paris climate accord.
Source: Bloomberg


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Monday, 14 June 21
'WISHFUL THINKING': WHY CHINA NEEDS AUSTRALIAN IRON ORE FOR 'MANY YEARS' TO COME - YAHOO FINANCE AU
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Sunday, 13 June 21
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Liquefied natural gas (LNG) and thermal coal prices in Asia have been roaring ahead in recent months amid strong demand, but while welcome news for ...


Friday, 11 June 21
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No short-term relief Shipping costs have been growing strongly since the autumn of 2020, but the first months of this year have seen a new surg ...


Friday, 11 June 21
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Thursday, 10 June 21
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Fitch Ratings expects the recovery in operating and financial performance of Indonesian coal miners and coal contractors to slow during rest of 202 ...


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