A recent report on how Australia’s major four banks — ANZ, NAB, Westpac, and CommBank — bankrolled a total of AU$61 billion on fossil fuel projects via bonds and corporate lending has raised concerns about back door financing, in addition to violating the 2015 Paris Climate Agreement. In its Banking Climate Failure report published recently, … Read more
Now, nearly 11 years later, I would have to say that while the Chinese economy has progressed on many fronts, the implementation of those reforms has been disappointing. I think the critique that was raised by former Premier Wen Jiabao in March of 2007 – when he warned that the Chinese economy, while strong on … Read more
Around seven to nine billion tonnes of CO2 (Carbon dioxide) need to be removed from the atmosphere yearly for the world to meet the 1.5 oC Paris Agreement target, a study has shown. Paris Agreement is a treaty on climate change adopted by 196 countries during the Climate Change Conference (COP21) in Paris, France, on … Read more
And fewer spectators, they say, requires little new construction – another significant source of emissions. The coral reef visible beneath the water in Teahupo’o. Building a viewing tower on the reef has met with opposition on the grounds that it could damage marine life. Photo: AP “We actually did the maths,” says Georgina Grenon, director … Read more
As the urban centre at the heart of Canada’s oilsands industry, Fort McMurray has seen more than its share of ups and downs. A decade and a half ago, the northern Alberta community was this country’s most famous boom town. High oil prices helped to drive unprecedented demand for the thick, viscous bitumen that lies … Read more
NEW DELHI: If the current rate of plastic production continues, it could use up the global carbon budget to limit global warming to 1.5 degrees Celsius by as early as 2060 or no later than 2083, according to a new study. The study by the United States’ Lawrence Berkeley National Laboratory (LBNL) comes ahead of … Read more
For the ninth straight month, Earth has obliterated global heat records — with February, the winter as a whole and the world’s oceans setting new high-temperature marks, according to the European Union climate agency Copernicus. The latest record-breaking in this climate change-fuelled global hot streak includes sea surface temperatures that weren’t just the hottest for … Read more
In a stark revelation that underscores the escalating urgency of addressing climate change, scientists confirm that the world has now endured a year-long breach of the critical 1.5°C warming limit, marking an unprecedented milestone in the battle against global temperature rise. The 1.5°C threshold was established as a crucial target by the Paris Agreement, a … Read more
The world just experienced its hottest January on record, continuing a run of exceptional heat fuelled by climate change, the European Union’s Copernicus Climate Change Service (C3S) said on Thursday. Last month surpassed the previous warmest January, which occurred in 2020, in C3S’s records going back to 1950. The exceptional month came after 2023 ranked … Read more
The Cop28 agreement, celebrated as a landmark deal at last year’s climate talks in Dubai, is facing a credibility crisis. The transition away from fossil fuels, a pivotal component of the agreement, hinges on major historical polluters, including the US, UK and Canada, reconsidering their plans for expanding oil and gas production. Pedro Pedroso, the … Read more
