A failure to deal with carbon emissions could force debt-servicing costs higher – and spark credit downgrades – for some of the world’s leading nations

UN warned that climate change is progressing exponentially and has already hit India and Pakistan particularly hard

Speculation has risen that Australia's biggest power generator will review its plan to split into two, with its board due to meet on Sunday amid doubt shareholders will back the 'demerger'

The state oil and gas producer says construction is already underway on the site in eastern China which will eventually account for more than 10 million tonnes of CO2 over the next 15 years