Katy Daigle

This year's U.N. climate summit delivered a deal on climate finance two days past deadline, after two weeks of tense negotiations.

Infrastructure investors face losing nearly a third of their money, or around $600 billion, if countries do not plan for an orderly shift to a greener economy by mid-century, a first-of-its-kind study shared with Reuters showed.

As Typhoon Doksuri aimed toward mainland China, major southeast ports were forced to turn away dozens of vessels for days.

As panel sessions at the U.N. climate summit focus on transportation and urban environments on Wednesday, national delegates will be digging into the details of what would be a final COP28 deal.

After a day of finance pledging on Monday, the COP28 on Tuesday turns to energy and fossil fuels - the key point of tension in this year's U.N. climate summit.

Exxon Mobil CEO Darren Woods on Saturday rejected the International Energy Agency’s recent claim that using wide-scale carbon capture to fight climate change was an implausible “illusion”, saying the same could be said about electric vehicles and solar energy.

Governments, development banks and companies announced on Friday initiatives to mobilise billions in climate cash at the COP28 summit where the UAE has made increasing financing central to its leadership of the U.N. talks.

This year’s U.N. climate conference, taking place Nov. 30-Dec. 12 in Dubai, marks the world’s 28th leadership gathering to confront global warming since the first “Conference of the Parties” in 1995. But the world has known for far longer of the existential threat posed by climate change, caused mainly by the burning of fossil fuels.

When it comes to climate change, Bill Gates considers himself a realist - even if that means admitting the world has no chance limiting warming to 1.5 degrees Celsius.

In a year marked by yet more climate-linked floods, hurricanes and droughts, governments and companies were forced to look more closely at the financial risks and their exposure to liability.