The government estimates that the project, which will run until 2050, will eventually remove 18 million tons of greenhouse gases per years.
In the declaration, the five countries commit to step up ambition by 2020, enhance their Nationally Determined Contributions (NDCs) for the Sustainable Development Goals, and intensify their cooperation.
Following in the footsteps of Greta Thunberg, school children across the UK have gone on strike for climate change. A new initiative called ‘Fridays for Future’ has been introduced, this will mean that students will strike every Friday until the government respond with an appropriate action.
Thousands of students skipped school for the third week in a row and more than 30,000 swamped the center of Brussels to demand better protection of the world’s climate.
More than 1.8 million people worldwide have signed a petition from environmental groups to sue the French government for failing to take sufficient action on the matter.
The World Bank said the move represented a significantly ramped up ambition to tackle climate change, sending an important signal to the wider global community to do the same.
The European Union has set targets for 2030 of cutting emissions by 40%. Now it says it plans to go much further again by becoming climate neutral by 2050.
The Supreme Court on Friday refused to halt the trial in a lawsuit brought by 21 young people seeking to force the federal government to take action to address climate change.
Tens of thousands of people marched in Paris and other major cities across France on Saturday to call for greater action on climate change.
In order to accomplish this objective, City pension systems will aim to double the existing $2 billion investment across all asset classes to reach $4 billion of investment in renewable energy, energy efficiency, and other climate solutions.