China’s carbon reduction target looks elusive as banks keep throwing cash at coal mines and power plants, undercutting Xi Jinping’s plan to slash fossil fuels

American and Canadian banks led almost half of the US$3.8 trillion in global fossil fuel financing deals over the past five years. European, UK, Chinese and Japanese financial institutions pale in comparison, but their financing volume rose during the period, with Chinese financing rising by a third to almost US$160 billion, according to the data.…

Weekly Climate And Energy News Roundup #449

“You can prove almost anything with the evidence of a small enough segment of time. How often, in any search for truth, the answer of the minute is positive, the answer of the hour qualified, the answers of the year contradictory!” — Edwin Way Teale, (1899-1980), American naturalist, photographer and writer; perhaps best known for his series ‘The American Seasons’…

The New Pause lengthens by three months to 5 years 10 months

Now that the small La Niña that has recently ended has begun to have its effect on global temperatures, the UAH monthly global mean lower-troposphere anomalies now show a further sharp drop, lengthening the New Pause by three months, from 5 years 4 months last month to 5 years 10 months this month.…