World Bank increases climate spending to 45%

The World Bank on Friday said it will increase the amount it spends annually on climate-related projects to 45% of its financing over 2024 to 2025, up from 35% now, as part of a policy overhaul to better respond to climate change.

Reuters
Exxon says world set to fail 2°C global warming cap by 2050

Oil and natural gas are still projected to meet more than half of the world’s energy needs in 2050, or 54%, Exxon Mobil Corp <a href="https://www.reuters.com/markets/companies/XOM.N" target="_blank">(XOM.N)</a> said on Monday, with the world failing to keep global temperature increases <a href="/business/cop/whats-difference-between-15c-2c-global-warming-2021-11-07/">below 2 degrees Celsius</a>.

Reuters