European Investment Bank launches fund to support the circular bioeconomy

The new EIB fund will provide access to finance – in the form of equity, debt or quasi-equity – to innovative circular bioeconomy companies and projects of various sizes. 
ECBF Management GmbH and Hauck & Aufhäuser Fund Services S.A. will act as the Alternative Investment Fund Manager.  ECBF Management will raise funds from public and private investors with a target fund volume of EUR 250 million and aims for a first close in Q1 2020. 
It is expected that EIB also will invest up to EUR 100 million in the fund.

What to expect from COP25?

The key issues to be discussed and resolved at COP25 include:
- Strengthening Climate Ambition, Long-Term Decarbonization and Resilience.
At COP25, countries must not only reiterate but strengthen their commitments regarding  enhanced NDCs by 2020 and launch national inclusive and multi-stakeholder enhancement processes.
- The rules, modalities, procedures, and guidance developed under Article 6 must be in line with the highest standard of environmental integrity.
Recommendations should be prepared on far more ambitious NDCs based on the findings of the three recent IPCC special reports on 1.5°C, land, and oceans and cryosphere. Rich countries must use the Pre-2020 

World Energy Outlook 2019 suggests a path fully aligned with the Paris Agreement goal

WEO 2019, the International Energy Agency’s flagship publication, suggests a pathway that enables the world to meet climate, energy access and air quality goals while maintaining a strong focus on the reliability and affordability of energy for a growing global population.
The path the world is on right now is presented by the Current Policies Scenario, which provides a baseline vision of how global energy systems would evolve if governments make no changes to their existing policies.

US starts formal withdrawal from Paris climate accord

The Trump administration announced that it will begin formally withdrawing the US from the Paris climate accord, the first step in a year-long process to leave the landmark agreement to reduce emissions of planet-warming gases.

Critics of the withdrawal say that the US leaving an agreement it helped negotiate will harm the country's standing internationally.

A poll conducted by the Yale Program on Climate Change Communication earlier this year showed that about 7 in 10 Americans think global warming is happening, and at least 6 in 10 are "somewhat worried" about it.

Source: CNN