The private sector arm of the World Bank is facing claims that it contributes to global heating and the undermining of animal welfare by providing financial support for factory farming, including the building of pig farming tower blocks in China. A coalition of environmental and animal welfare groups is calling on the World Bank to phase out financial support for large-scale “industrial” livestock operations. More than $1.6bn was provided for industrial farming projects between 2017 and 2023, according to an analysis by campaigners. The International Finance Corporation (IFC), part of…
Tag: Climate crisis
Does China spy on Britain? Of course. But we have more important things to discuss with them | Simon Jenkins
Once upon a time Britain would have sent a gunboat up the Yangtze River. That would teach those Chinese a lesson. To hear some MPs talk about Beijing’s espionage activities, you would think gunboats were already on their way. Of course, it is malicious and hurtful for a foreign state patently to hack into Britain’s Electoral Commission and target senior parliamentarians – as the government on Monday claimed China did in 2021. It is equally malicious to fabricate MPs’ emails and use a Commons researcher as an informant. No less…
Tuvalu prime minister calls on Australia for sovereignty ‘guarantees’ over treaty
Tuvalu’s new prime minister, Feleti Teo, wants “guarantees” from Canberra that a landmark treaty with Australia will not undermine his country’s sovereignty. Teo, who was appointed leader last month, told the Guardian a controversial security clause in the Falepili Union treaty has led to fears among Tuvaluans that Australia “might encroach on Tuvalu’s sovereignty”. The treaty, signed in late 2023, states that the Pacific nation shall “mutually agree with Australia” on partnerships or arrangements with other states on security and defence-related matters. The clause in effect gives Australia veto power…
Growth in CO2 emissions leaves China likely to miss climate targets
China is off track on all of its core 2025 climate targets, despite the fact that clean energy is now the biggest driver of the country’s economic growth, analysis has found. After years of extraordinarily rapid growth, China is now grappling with a slowdown that is causing ripples internally and internationally. The government has supercharged the growth of the renewable energy industry but it has imultaneously poured stimulus funds into construction and manufacturing, and continues to approve coal power. China’s total energy consumption increased by 5.7% in 2023, in the…
‘Cheaper to save the world than destroy it’: why capitalism is going green
The root of the climate crisis is “not capitalism but the corruption of capitalism”, according to the author of a new book on how people, policy and technology are working to stop the planet from heating. Akshat Rathi, a climate reporter with financial news outlet Bloomberg, argues that smart policies can harness capitalism to cut carbon pollution without killing markets or competition. “It is now cheaper to save the world than destroy it,” he writes, adding that this holds true even when viewed through a narrow capitalist lens. “Capitalism cannot…
World’s renewable energy capacity grew at record pace in 2023
Global renewable energy capacity grew by the fastest pace recorded in the last 20 years in 2023, which could put the world within reach of meeting a key climate target by the end of the decade, according to the International Energy Agency (IEA). The world’s renewable energy grew by 50% last year to 510 gigawatts (GW) in 2023, the 22nd year in a row that renewable capacity additions set a new record, according to figures from the IEA. The “spectacular” growth offers a “real chance” of global governments meeting a…
The world in 2024: Guardian writers on what to look out for
The year 2024 will be a critical one. The future of Gaza and the West Bank may hinge in part on whether Donald Trump returns to the White House – as may the outcome of the war in Ukraine. China will be locked in a race against time as its population ages. And the natural world will reach a new series of tipping points. But there are some reasons for cautious optimism. With so much happening, it can be hard to know where to look. Here Guardian correspondents offer their…
Cop28: China ‘would like to see agreement to substitute renewables for fossil fuels’
China would like to see nations agree to substitute renewable energy for fossil fuels, the country’s chief climate official has said, as nations wrangled over the weekend on the wording of a deal on the climate crisis. Xie Zhenhua, China’s climate envoy, would not be explicit on whether China supported or opposed a phase-out of fossil fuels, which more than 100 governments are pushing for at crucial climate talks, the Cop28 UN summit. But he did indicate that he and his delegation were engaging positively to try to find a…
Visualised: how all of G20 is missing climate goals — but some nations are closer than others
Not a single G20 country has policies in place that are consistent with the Paris agreement’s goal of limiting global heating to 1.5C and meeting their “fair share” of emissions reduction. The assessment, based on data up to 5 December provided by the Climate Action Tracker, comes as leaders gather in Dubai for the Cop28 conference. It assesses each country against its “fair share” contribution to the effort to reduce greenhouse gas emissions, taking into account considerations such as the historical emissions of higher-income countries, which may increase their responsibility…
EU climate chief: China must help fund rescue of poorer nations hit by disaster
China and other big developing nations must pay into a fund to rescue poor countries stricken by the climate disaster, the EU’s climate chief has said as world leaders prepare to gather in Dubai for a crucial climate summit. Wopke Hoekstra, EU commissioner for climate action, said there was no longer any reason to exclude big emerging economies with high greenhouse gas emissions such as China and petrostates in the Gulf from the obligation to provide aid to the poorest and most vulnerable countries. “We need so much more money…