Carbon Brief

The “undervaluing” of nature by businesses is fuelling its decline and putting the global economy at risk, according to a major new report.

The EU and the UK are not on track to meet their 2030 offshore wind targets. At the same time, Chinese wind-turbine manufacturers – who account for more than half of global wind-turbine capacity – are looking to grow their footprint in the EU market.

The gas is seen in some countries as a “bridging” fuel to move away from coal use, rapid electrification, uncompetitiveness and supply concerns have suppressed its share in China’s energy mix.

The Trump administration in the U.S. has announced its intention to withdraw from the UN’s landmark climate treaty, alongside 65 other international bodies that “no longer serve American interests”.

Coastal flooding could bring $500bn of annual damages to the Asia-Pacific by the year 2100, if countries do not adapt to rising sea levels.

The world’s fossil-fuel use is still on track to peak before 2030, despite a surge in political support for coal, oil and gas, according to data from the International Energy Agency (IEA).

For the first time in the history of COP climate summits, the US – the world’s largest historical emitter – has not sent a delegation to the talks.

Nearly a decade on from the Paris Agreement, there is still not an agreed way to measure progress towards its “global goal on adaptation” (GGA).