The European Union is set to ratchet up its climate ambition, overhauling continent-wide regulation aimed at slashing greenhouse gas emissions. The urgency is palpable as news of the climate crisis continues to grow worse. According to the World Meteorological Organization (WMO), the world may see 3 to 5 degrees Celsius of warming by 2100, far in excess of the 1.5-2.0 C target that governments are aiming for as part of the Paris Climate Agreement, and a faster rate than previously thought. Under this grimmer scenario, impacts on coastlines, rainforests, food production and human populations are widely expected to be catastrophic. It is against his backdrop that world governments meet this week in Madrid for climate talks, where they hope to add more teeth to climate action. A flurry of public and private sector announcements have been timed for this week. Among them, for instance, include Repsol, the Spanish oil […]