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International Update Volume All, Issue All

FRENCH COURT GIVES MACRON THREE MONTHS TO JUSTIFY LACK OF CLIMATE ACTION

France

Last Thursday, France’s highest administrative court, the Conseil d’Etat, ruled that the French government would have three months to show that it is enacting policies to ensure it will meet its carbon emissions reduction requirements (Conseil d’Etat [FR],

DEVELOPMENT BANKS PLEDGE TO ALIGN FINANCES WITH PARIS CLIMATE ACCORDS

Last Wednesday, while convening at a green finance summit organized by the French government, 450 public development banks released a joint statement, pledging to refocus their investments in alignment with the Paris Climate Accords (ReutersDeccan Herald).

SOUTH KOREA JOINS CHINA AND JAPAN IN PLEDGE TO ACHIEVE CARBON NEUTRALITY

South Korea

On October 28, in an address to the National Assembly, South Korean President Moon Jae-in announced that South Korea will be carbon-neutral by 2050. The announcement comes just two days after Japan’s declaration of the same goal and just over a month following China’s promise to achieve carbon neutrality by 2060 (Financial Times).

JAPAN PROMISES TO ACHIEVE CARBON NEUTRALITY BY 2050

Japan

The new Japanese Prime Minister, Yoshihide Suga, is set to declare Japan’s intention to become carbon-neutral by 2050 in his first general policy address to the Diet, Japan’s parliament. This is a large shift from the country’s previous goal of achieving 80% emissions reduction by 2050 and carbon neutrality at some undecided date in the latter half of the century (Nikkei, Fortune).

EU AGREES TO IMPROVE CLIMATE EMISSIONS GOAL BUT DELAYS SPECIFIC TARGET

EU

On October 15, European Union (EU) leaders agreed that they should move to increase their climate emissions reduction goal but have yet to commit to a specific target. Currently, the EU has pledged to achieve full carbon neutrality by 2050, with an interim goal of cutting emissions by 40% (compared to 1990 levels) by 2030.

STANDARD-SETTER SEEKS CONSULTATION ON DEVELOPING GLOBAL SUSTAINABILITY ACCOUNTING STANDARDS

The International Finance Reporting Standards Foundation (IFRSF), which is responsible for setting accounting rules used in over 140 countries, has released a consultation paper to gauge interest in creating a global standard for sustainability reporting (Reuters).

CHINA DECLARES IT WILL ACHIEVE FULL CARBON NEUTRALITY BY 2060

China

Last Tuesday, while addressing the United Nations General Assembly, President Xi Jingping shocked global observers with a bold announcement: China has promised to strengthen its commitments under the Paris Climate Accords, declaring that it will achieve peak emissions before 2030 and full carbon neutrality by 2060 (Reuters).

KOALA WAR THREATENS TO SPLIT THE GOVERNMENT OF AUSTRALIA’S LARGEST STATE

Australia

New South Wales was rocked this week by a dispute Australian newspapers have dubbed the “koala war” (Sydney Morning Herald). The state’s coalition government threatened to come apart following disagreements over the State Environmental Planning Policy (SEPP), a conservation law passed to help protect koalas and their dwindling habitat this past December following the country’s historic bushfires.

KOALA WAR THREATENS TO SPLIT THE GOVERNMENT OF AUSTRALIA’S LARGEST STATE

Australia

New South Wales was rocked this week by a dispute Australian newspapers have dubbed the “koala war” (Sydney Morning Herald). The state’s coalition government threatened to come apart following disagreements over the State Environmental Planning Policy (SEPP), a conservation law passed to help protect koalas and their dwindling habitat this past December following the country’s historic bushfires.

U.N. GREEN CLIMATE FUND STAFF ACCUSED OF HARASSMENT AND MISCONDUCT

Seventeen former employees of the United Nations Green Climate Fund (GCF), the world’s largest funder of global climate projects, alleged in an anonymous letter that they had witnessed and/or experienced harassment by senior staff members. The Financial Times broke the story on August 25 (Financial Times).

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