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Climate change costs world US$329 billion in damages

Today 10:30am - Led by the deadly and costly Hurricane Ida and massive flooding in Europe, the world racked up $329 billion in economic losses linked to severe weather last year, and only 38% of that bill was covered by insurance.

Huge aluminium demand expected in solar industry, concerns arise on emissions

Today 10:30am - Researchers from the University of New South Wales (UNSW) predict that growth to 60TW of photovoltaics needed to rapidly reduce emissions to ‘net zero’ and limit global warming to <2 °C could require up to 486 Mt of aluminium by 2050. A key concern for this large aluminium demand is its large global warming potential.

Cutting carbon to take backseat to ‘normal life’ in China: Xi Jinping

Today 10:30am - Chinese President Xi Jinping has stated the Asian superpower’s low carbon desires must not get in the way of ‘normal life’.

Oil firms accused of scare tactics after claiming climate lawsuits ‘a threat to US'

Today 10:30am - US oil firms have been accused of using scare tactics after telling a federal court on Tuesday that lawsuits alleging fossil fuel companies lied about the climate crisis could threaten America’s oil supply.

Here’s how top predator species might buffer climate change impacts on biodiversity

Today 10:30am - Sometimes even a finger-length fish can make all the difference in an ecosystem. As many of the world’s wild places confront a double-whammy of a warming climate and vanishing species, new research suggests that predators as small as the lowly sculpin could help dampen ecological turmoil triggered by heatwaves.

Economist proposes carbon backed currency

Today 10:30am - With alternative coins flourishing and Central Banks designing their own digital currencies, there is a potential hard-backed currency which cannot be ignored: carbon. Using carbon to back a global currency would redistribute wealth, incentivize low carbon technology and avoid the environmental taxes which hit the world’s poor the hardest, writes Australian economist Steve Keen.

Net-zero transition will cost $275 trillion globally by 2050: McKinsey

Wednesday - The net-zero transition will cost $275 trillion globally by 2050 as low-emission activities are ramped up and high-emissions activities decrease, according to a new report from consultancy McKinsey & Company.

Rich countries could slash agricultural emissions by 62% by eating less meat

Wednesday - A move to reduce meat consumption could reduce greenhouse gas emissions from agriculture by 62% across the world’s 54 richest countries and free up enough land to store 100 billion tonnes of carbon,...

Norway underpaid Indonesia for forest protection results: study

Wednesday - Norway’s scheme to reduce emissions from deforestation in Indonesia made only a tiny dent in meeting the nation’s climate target – but the forest nation deserved to have been paid more for it, a...

The rise of voluntary carbon markets

Wednesday - The voluntary carbon markets (VCMs) are poised for explosive growth in 2022. At the conclusion of COP26 in Glasgow, 632 of the world's largest 2000 public companies by revenue had announced plans to...

Texas and New Mexico methane leaks casuing as much climate pollution as 500,000 cars

Wednesday - A survey of oil and gas facilities in Texas and New Mexico revealed 30 so-called “super-emitters,” which are leaking as much heat-trapping pollution as roughly half a million cars, according to a new...

Carbon capture: savior or a boondoggle?

Wednesday - While much of President Joe Biden's climate change agenda has stalled in Congress, there is one nascent — and controversial — technology for reducing carbon emissions that has received billions in...

Otari gets money to conserve native orchids

Wednesday - Media Release - Otari-Wiltons Bush has received a grant through Te Tahua Taiao Nga Taonga Lotteries Environment and Heritage Fund for a project aiming to save some of New Zealand’s most threatened...

'Fragile win' at COP26 summit under threat: Sharma

Tuesday - COP26 President Alok Sharma has warned that progress made during the summit is at risk of "withering on the vine".

Shipping emissions rise 4.9% in 2021

Tuesday - GLOBAL shipping’s carbon dioxide emissions posted year-on-year gains of 4.9% in 2021 and were higher than 2019, according to Simpson Spence & Young.

China's national carbon market records brisk trading

Tuesday - China's national carbon market has wrapped up its first compliance period with a steady rise in market activity, said the Ministry of Ecology and Environment on Monday.

Slow phasing out of polluting cars a drag on China’s climate targets

Tuesday - “There are 9-million bicycles in Beijing, that’s a fact.” The opening lyrics to that 2005 hit song was a conservative estimate back then, and today millions of those bicycles have been replaced by...

Scientists warn climate change could unleash ‘rivers in the sky’

Tuesday - The planet’s warming climate could intensify ‘rivers in the sky’ over East Asia, scientists have warned.

What will it take to shrink the carbon footprint of health care

Tuesday - One of the most instantly recognisable emblems of the past pandemic year is the discarded surgical mask: ground into mud at the edge of a walking path, caught in the branches of a tree, tangled...

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