A Nature study predicts that #climatechange will have a significant economic impact globally within the next 26 years.
The research, analyzing data from over 1,600 regions, suggests a potential reduction in worldwide income by 19% over the next 25 years, resulting in an annual economic loss of approximately $38 trillion by 2049.
The impact varies significantly between developed and developing countries, with poorer countries bearing a disproportionate burden.
@johncarlosbaez I 've checked it out of curiocity. According to one website (Statistcs Time) in 2023, the GWP was estimated to be around $104.48 trillion in nominal terms. Not sure how reliable is this number though.
I couldn't find any information that shows what the annual worldwide income is in real terms, but it must be significantly higher than the nominal value.
In a landmark Judgemnt and following ECHR ruling yesterday, India’s Supreme Court rules that #climatechange “impacts the constitutional guarantee of [the] right to life”, emphasising that the country must prioritise renewable energy “as citizens have a right to be free from the adverse effects of the climate emergency.”
According to a survey conducted by YouGov in 2020 (graph by Statista 👇) climate change deniers are not a tiny minority. It depends where one lives, whether your country's income depends on fossil fuels, or the degree of fake news and conspiracies theories.
It’s also difficult to say for certain whether their number is decreasing worldwide, as there are many different opinions and perspectives on the topic.
The effects of global heating are already being felt, and communities must take steps to prepare for the inevitable challenges ahead. This includes implementing resilient infrastructure, developing early warning systems for extreme weather events, and promoting sustainable #agriculture
practices.
#StormHenk the first named storm of 2024, brought heavy rainfall and strong winds to large parts of the UK.
All you need to know about the #COP28 Agreement in Dubai is what Saudi Arabia's energy minister said on Wednesday, 14 Dec in an interview with Al Arabiya television:
"What is there now, the issue of immediate and gradual disposal (of fossil fuels) has been buried," adding that the deal would not affect the ability of the world's top oil exporter to sell its crude.
Less than 48 hours after the #COP28 convention ends, the masks fall:
“My approach is very simple: it is that we will continue to act as a responsible, reliable supplier of low-carbon energy, and the world will need the lowest-carbon barrels at the lowest cost.”
The CEO of UAE’s state oil company, says there is “no science” behind the demands for phasing out fossil fuels to limit global heating to 1.5C.
Really, I'm not sure what everyone expected him to say.
The oil industry uses significant financial resources to lobby against climate change measures, influencing public opinion and government policies. They have no plans to change their point of view anytime soon.
So, the CEO of ADNOC and president of COP28 claims that his remarks when he was mansplaining Mary Robinson that there is "no science" behind the need to phase out fossil fuels, were misunderstood. 🤦♀️
They were not.
And the science is clear. If you're designing policy to align with the 1.5C goal, that means no new fossil fuel projects, no new exploration. NONE. Anywhere in the world.
But countries investing in new projects while they're at #COP28 🤦♀️ 🤦♀️
And I'd like to remind you that governments still plan to produce more than double the amount of fossil fuels in 2030 than would be consistent with limiting warming to 1.5°C, and that none have committed to reduce coal, oil, and gas production in line with this goal.
Some of the biggest consumer companies claim to be zero plastics, or “plastic neutral,” which means their operations do not contribute to #plasticpollution.
However, it's important to verify these claims because many of these companies do it through plastic offsetting which has some challenges & limitations.
One of them is how to measure and verify a company's or product's #plastic footprint, and how to ensure that the plastic credits are credible and transparent.
Meanwhile the negotiations in Nairobi to combat the #plastic blighting oceans, floating in the atmosphere & infiltrating the bodies of animals and humans continue.
Some 60 nations have called for binding rules to reduce the use & production of plastic. Others insist to focus on recycling, innovation and better waste management which require #energy.
The best way is to use less plastic in the first place, and to choose more sustainable options whenever possible.
👉 Firstly, the extraction, production, and use of oil & gas are inherently linked to the emission of greenhouse gases.In 2018, 89% of global CO2 emissions came from #fossilfuels and industry.
👉 Secondly, the statement seems to suggest that if we could somehow eliminate emissions from oil & gas, these energy sources would be unproblematic.
However, this overlooks the environmental impacts of extraction & production, such as habitat destruction, water pollution, and risks of oil spills. (2)
👉 Thirdly, the statement implies that the focus should be on managing the emissions from oil & gas, rather than reducing our reliance on these fossil fuels.
However, the IPCC warns that fossil fuel emissions must be halved by the early 2030s (-- or earlier, according to new research) if #globalwarming is to be limited to 1.5°C above pre-industrial levels.
This requires a significant shift away from fossil fuels towards renewable energy sources, not just efforts to manage emissions. (3)
👉 Finally, the statement fails to acknowledge the role of the oil & gas industry in perpetuating the use of fossil fuels.
Fossil fuel companies are politically powerful. Their lobbying prowess is one of the reasons that their fuels still dominate the global #energy system.
Also for years these companies denied the problem, and policymakers have been reluctant to enact the policies needed to force #EnergyTransition .
It has been easier for everyone to stick with the status quo. The end.
#Delhi 's air quality index hit 500, the highest possible level today.The smog is caused by a combination of farm fires, car emissions, construction and waste burning.
The poor air quality can shorten the lives of Delhi residents by 11.9 years, according to a study.
The Delhi government has taken some measures to tackle the pollution, however, as expected, these have been largely ineffective or insufficient.
New Delhi which is blanketed in acrid smog every autumn, extended an emergency schools closure by a week, with no signs of improvement in the megacity's choking levels of pollution.
Air pollution in #India resulted in 1.67 million deaths in 2019—the largest pollution-related death toll in any country in the world—and also accounted for $36.8 billion in economic losses, according to a new study.
When might the world exceed 1.5C and 2C of global warming?🌡️
A Carbon Brief analysis shows that:
The world will likely exceed 1.5C between 2026 and 2042 in scenarios where emissions are not rapidly reduced, with a central estimate of between 2030 and 2032 (In just 6 years)
The 2C threshold will likely be exceeded between 2034 and 2052 in the highest emissions scenario, with a median year of 2043.
Another research publised in Nature Climate Change finds that the amount of #carbon emissions that can be released while limiting #globalheating to 1.5C is now very small and would be used up in six years at current levels.
The analysis sends a dire message about the urgency and adequacy of #ClimateAction. It suggests that net zero emissions should be achieved by 2034 for a 50% chance of keeping below 1.5C, which is far more ambitious than current policies.
Hurricane #Otis unleashed a "nightmare scenario" on #Acapulco in southern #Mexico on Wednesday morning " as it rapidly intensified from a tropical storm to a dangerous Category 5 #hurricane in just 12 hours.
It is expected to be the most powerful storm to ever hit the region and the Pacific coast of Mexico.