Australia confirms $1.3bn U.S. missile deal amid defence spending push
Australia has finalised a AU $2 billion ($1.3 billion) purchase of U.S. made supersonic missiles, reinforcing its commitment to defence investment whi...
Countries remain committed to clean energy and climate goals, despite U.S. President Donald Trump’s decision to withdraw from the Paris climate agreement, UN climate chief Simon Stiell said. Speaking in Brazil, he urged nations to strengthen their climate strategies ahead of COP30.
Speaking in Brasilia, Stiell, the executive secretary of the UN Framework Convention on Climate Change, addressed the ongoing transition toward clean energy, stating that global momentum remains strong even as the U.S., the world’s second-biggest emitter, pulls back from its commitments.
“A country may step back, but others are stepping forward,” Stiell said, highlighting the economic benefits of clean energy, including job creation, lower pollution, and reduced health costs. He argued that investment in renewables is not only an environmental necessity but also an economic opportunity.
The Paris Agreement, signed in 2015, was aimed at keeping global warming below 2°C compared to pre-industrial levels. A decade later, Stiell acknowledged that not all commitments have been met, urging world leaders to reevaluate their climate action plans and increase high-level engagement.
Trump’s decision to exit the agreement has fueled broader debates over climate policy. In Europe, green parties are losing ground amid rising concerns over energy prices and economic stability. Meanwhile, Trump’s return to office has led to a rollback of climate-focused policies, as he prioritizes domestic energy production and economic deregulation.
Despite political shifts, several countries have doubled down on clean energy investments. Nations participating in COP30, set for November, are expected to announce revised climate targets. Stiell stressed the need for stronger cooperation among major economies to ensure progress in global climate efforts.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
A magnitude 5.5 earthquake struck off Japan’s Tokara Islands on Wednesday, with no tsunami warning issued but residents advised to remain vigilant.
The United States has rescinded licensing restrictions on ethane exports to China, allowing shipments to resume after a temporary halt and signalling progress in efforts to ease recent trade tensions.
The European Commission is set to propose allowing carbon credits from other countries to count towards the EU’s 2040 climate target, according to a leaked internal document.
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
Global temperatures in 2024 exceeded the crucial 1.5°C threshold above pre-industrial levels for the first time, marking a serious warning for the world’s climate goals under the Paris Agreement, scientists said.
Wildfires and a severe heatwave sweeping across Europe have claimed the lives of two people in Spain and another two in France, while also causing the shutdown of a nuclear reactor in Switzerland.
Azerbaijan, Kazakhstan and Uzbekistan have established a joint venture to implement the Green Energy Corridor: Azerbaijan–Central Asia project aimed at building infrastructure for clean energy transmission and strengthening a regional energy cooperation.
A Clean Energy Centre will be officially launched during the 17th Economic Cooperation Organization (ECO) Summit, to be hosted by Azerbaijan this week, announced Asad M. Khan, Secretary General of the ECO.
The European Union plans to cut greenhouse gas emissions by 90% by 2040 and, for the first time, allow limited use of foreign carbon credits to meet the target.
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