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Intelligence for the New World Economy

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Intelligence for the New World Economy
Semafor World Economy
Chloé Farand

Chloé Farand

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The world’s biggest climate fund wants to get bigger

The U.N.’s Green Climate Fund wants to triple in size. But even more is needed to help developing economies decarbonize.
Mia Mottley addresses the U.N. General Assembly. REUTERS/Mike Segar

UK set to water down climate commitments

U.K. Prime Minister Rishi Sunak is reportedly considering weakening key climate policies to achieve 2050 net zero in a “more proportionate way”.

Saudi Arabia hits out at IEA forecasts

Saudi Arabia’s energy minister has accused the IEA International Energy Agency of moving “from being a forecaster to creating political advocacy”.

California sues oil and gas giants in major climate litigation action

California is suing five oil and gas companies, accusing them of causing tens of billions of dollars in damage.
San Ardo oilfield, California. WikimediaCommons

Chevron workers escalate strikes, putting global gas supplies at risk

Strikes at two Chevron-owned LNG plants, which account for roughly 7% of global supply, could send gas prices soaring.
A liquefied natural gas (LNG) tanker is tugged towards a thermal power station in Futtsu, east of Tokyo.Issei Kato/File Photo/Reuters