Europe’s effort to wean its economy off Russian gas is likely to be a persistent boost to inflation even beyond the current spike, European Central Bank board member Isabel Schnabel says.
Banks in southern Europe are set to be among the hardest hit if climate change is not mitigated as their clients are most exposed to natural hazards such as wildfires, a European Central Bank study shows.
Coca-Cola Co will sell its popular sodas in bottles made from 100% recycled plastic material in the United States, the beverage maker said on Tuesday, in a major shift to combat plastic waste and reduce its carbon footprint.
China's aluminium sector must shut dedicated power capacity equivalent to more than Germany's entire coal fleet over the next decade to keep Beijing on track to meet its carbon pledges, climate think tank Ember says.
The world's financial services sector risks losses of up to $1 trillion if it fails to respond quickly to climate change and is hit by policy shifts such as the introduction of a carbon tax, a new report shows.
