Although a new European Union (EU) climate initiative unveiled on Wednesday could change global trade patterns to favour countries where production is relatively carbon efficient, its value in mitigating climate change will likely be limited, the UN trade and development agency, UNCTAD, has warned. 

The world’s running out of time to limit global temperature rise to below two degrees Celsius, a matter of life or death for climate vulnerable countries on the front line of the crisis, the UN Secretary General reiterated on Thursday.

A "pressure-cooker" heatwave that's broken temperature records twice in 48 hours in the US northwest and western Canada is being mirrored across large parts of the northern hemisphere, the World Meteorological Organization (WMO) said on Tuesday.

The IKEA Foundation and The Rockefeller Foundation have announced plans to launch a $1 billion fund to boost access to renewable energy in developing countries – one of the key commitments made during a series of virtual UN ministerial forums this week.