Increased costs for owners, charterers and traders that fail to factor in costs of carbon emissions

Early rollout of climate-mitigation strategies will help countries meet their Paris Agreement commitments and smooth the low-carbon transition.

Countries Could Cut Emissions by 70% by 2050 and Boost Resilience with Annual Investments of 1.4% of GDP.

Railways support green development. Governments in developing countries seek to provide transport infrastructure and services to enable inclusive economic development. Transport decarbonization is critical for mitigating climate change through near-term actions and long-term transitions. Railways have an important role in reducing transport emissions, while also supporting economic development and increased mobility. Structured around the avoid–shift–improve framework, this report provides a systematic review of potential contributions that railways can make to development and climate goals.

The China Country Climate and Development Report (CCDR) provides analysis and recommendations on integrating the country's efforts to achieve high-quality development with the pursuit of emission reduction and climate resilience.

Efforts will be made to introduce novel futures products themed on carbon emissions rights, logistics and indexes in China so that the financial sector can better serve the real economy and address the country's major development strategies, said China Securities Regulatory Commission Vice-Chairman Fang Xinghai at a forum on Tuesday.

The People's Bank of China (PBOC) recently included two foreign-funded banks in a lending program designed for carbon emission reduction. Deutsche Bank (China) Co., Ltd. and Societe Generale (China) Ltd. became the first foreign institutions to get the okay to join the supporting tool for emission cut.