The overarching message of The Economics of Climate Change: The Stern Review was that failing to invest in mitigating climate change would exact an alarmingly high price, estimated between 5% and 20% of global GDP per year.
Airlines in Europe are bracing for fuel supply shocks caused by the war in the Middle East. The severity of the impacts on passengers will be determined in the coming days and weeks depending on whether a recently announced ceasefire between the United States and Iran holds.
At a young age, I learned quickly how oil wealth and power could burn the land while people struggled. I saw heat rise off the streets, the Nile strained, and the air thickened with injustice. In my teenage years, through Aotearoa, being on the edge of the Pacific, I felt the ocean breathing heavy, swallowing the shores of islands that have done the least to cause this harm.
Tech companies are conflating traditional artificial intelligence with generative AI when claiming the energy-hungry technology could help avert climate breakdown, according to a report. Most claims that AI can help avert climate breakdown refer to machine learning and not the energy-hungry chatbots and image generation tools driving the sector's explosive growth of gas-guzzling datacentres, the analysis of 154 statements found.
as the EU's climate advisory board urges countries to prepare for a catastrophic 3C of global heating. Maarten van Aalst, a member of the European Scientific Advisory Board on Climate Change (ESABCC), said the continent was already paying a price for its lack of preparation but that adapting to a hotter future was in part common-sense and low-hanging fruit. It is a daunting task, but at the same time
Covering Climate Now was formed in 2019 in response to the climate silence that then prevailed in much of the press, especially in the United States. Over the years that followed, hundreds of newsrooms joined our effort, and press coverage of the story began to reflect the scale of the crisis. Newsrooms beefed up their climate reporting teams; they confronted misinformation that sought to play down the problem; they thought creatively about how to find the climate connection on every beat.
The company's agreement with TerraPower will fund the development of two new reactors capable of delivering up to 690 megawatts of power as early as 2032. The deal also gives Meta rights to energy from six other reactors that could deliver an additional 2.1 gigawatts by 2035. All this power would come from TerraPower's "Natrium" reactors, which use sodium instead of water as a coolant.
The UN-run market allows companies and countries to offset their excess emissions by financing projects that cut greenhouse gases in other nations. The new initiative involves a clean cooking project in Myanmar, which distributes efficient cookstoves that reduce pressure on local forests. Implemented in partnership with a South Korean company, the project will generate credits that will count towards the climate targets of South Korea and Myanmar.
But as this nascent field grapples with questions of legitimacy, scalability, and accountability, a critical challenge remains: How do we build the infrastructure needed to track, verify, and certify that carbon has actually been removed and stays removed? Meet Hannes Junginger-Gestrich, CEO of Carbonfuture, a company helping define the monitoring, reporting, and verification (MRV) infrastructure that could transform carbon removal from scattered efforts into a functioning ecosystem.
The world spends 30 times more money destroying nature than protecting it. That's according to a new report from the United Nations Environment Programme (UNEP) that exposes a massive gulf between so-called "harmful investments" and financing that promotes nature preservation. The global environment agency's latest "State of Finance for Nature" (SNF) report is calling to phase out the US$7.3 trillion (6.2 trillion) in global investments that damage nature including into high-emissions energy infrastructure and manufacturing, for example.
