Breaking News, Latest Philippines Headlines, World, Entertainment, Politics, Weather & Video News
WELLINGTON, New Zealand (AFP) – New Zealand passed a law Thursday forcing banks to reveal the impact of their investments on climate change, describing it as a world-first move to make the financial sector’s environmental record more transparent. Climate Change Minister James Shaw said the law meant banks, insurance companies and investment firms would make mandatory disclosures about their portfolios’ global warming record from next year. Shaw, who will head to Glasgow later this month […]
WELLINGTON, New Zealand (AFP) – New Zealand pledged Monday to quadruple foreign aid spending on climate change, addressing its “woefully inadequate” response to the challenge in recent decades. As representatives from around the world prepare for a landmark UN summit on global warming, Prime Minister Jacinda Ardern said Wellington would lift its climate aid budget to $930 million over four years. Ardern said at least half the money would go to Pacific island nations, many […]
