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The Global Cooling Pledge would mark the world's first collective focus on energy emissions from the cooling sector. That would equal one-tenth of expected global emissions, the report said, and would strain electric grids. Organizers hope to see at least 80 countries supporting the cooling pledge, given the urgent need to slash climate-warming emissions and keep people safe from dangerous heatwaves. Nearly three-quarters of the potential for reducing cooling emissions by mid-century can be found in G20 countries, the UNEP report said. UNEP estimates that global efforts to tackle cooling emissions could avoid the release of up to 78 billion metric tonnes of carbon dioxide equivalent.

Persons: Amr Alfiky, Brian Dean, Gloria Dickie, Sarita Chaganti Singh, Katy Daigle Organizations: United Nations, Change, United Arab Emirates, REUTERS, Rights, U.S . State Department, United Nations Environment Programme, Reuters, U.S . Environmental Protection Agency, Sustainable Energy, UNEP, Thomson Locations: Dubai, United Arab, United States, U.S, Kenya, India

But industry experts say governments need to offer incentives for companies to bring sustainable AC technologies to market and scale up. Removing humidity requires cooling air to the point at which water vapour becomes a liquid to be drained. This inability to get rid of humidity without first cooling the air makes conventional ACs less efficient. The company's AC prototype uses these materials to dry out air, aiming to produce fewer emissions than traditional ACs. More than 1 billion people living in warm climates still lack access to cooling, according to nonprofit Sustainable Energy for All.

Persons: Pedro Rodriguez, Susana Vera, We've, Lily Riahi, Riahi, Sorin Grama, Grama, Gree, Daikin, Miki Yamanaka, Larissa Gross, UNEP's Riahi, Baolong Wang, Wang, Xavier Moya, Gloria Dickie, Katy Daigle, Simon Jessop, Josie Kao Organizations: Puerta del, REUTERS, Rights, International Energy Agency, United Nations Environment Programme's, Cool Coalition, Massachusetts Institute of Technology, Daikin's Global Environment Center, Sustainable Energy, Tsinghua University, University of Cambridge, Reuters, Thomson Locations: Puerta del Sol, Madrid, Spain, Seville, Europe, Spanish, Beijing, Indonesia, Britain, U.S

At least 118 countries at the COP28 climate summit in Dubai have backed a pledge to improve energy efficiency rates by 4% each year until 2030. In its simplest form, energy efficiency can simply mean using appliances, technology, or electronics that are designed to consume less energy, such as heat pumps or LED lighting. Industries worldwide could save $437 billion per year by 2030 with improved energy efficiency, according to an October 2023 industry collective report by the Energy Efficiency Movement. As a result, energy efficiency improved globally this year by about 1.3% compared with last year, slower than the 2% improvement posted in 2022 due largely to rising energy demand, the IEA's annual Energy Efficiency report said. In the U.S., energy efficiency is beating the global average efficiency improvement rate this year at 4%, with $86 billion allocated for the goal under the Inflation Reduction Act.

Persons: Andrew Boyers, Larissa Gross, Sofie Irgens, Nick Eyre, Gloria Dickie, Katy Daigle, Jan Harvey Organizations: REUTERS, Rights, International Energy Agency, BE, European Union, Industries, Energy, U.S . Department of Energy, IEA, Oxford University, Reuters, Thomson Locations: Watchfield, Swindon, Britain, Dubai, leakages, India, Africa, U.S, Germany, Sweden, Netherlands

United Arab Emirates Minister of Industry and Advanced Technology and COP28 President Sultan Ahmed Al Jaber speaks during a press conference at the United Nations Climate Change Conference (COP28) in Dubai, United Arab Emirates, December 4, 2023. REUTERS/Thaier Al-Sudani Acquire Licensing RightsDUBAI, Dec 4 (Reuters) - COP28 President Sultan Al Jaber defended his role in hosting this year's U.N. climate summit on Monday and insisted he understood and respected the science of climate change. "I am quite surprised with the constant and repeated attempts to undermine the work of the COP28 presidency," Al Jaber said on Monday. During Monday's news conference, Al Jaber complained to reporters that "one statement taken out of context with misrepresentation" had received "maximum coverage". IPCC Chair Jim Skea joined Al Jaber at the news conference and said he had held several meetings with the COP28 chief on climate science.

Persons: Sultan Ahmed Al Jaber, Thaier, Sultan Al Jaber, Al Jaber, Jim Skea, Dr, Sultan, Skea, Gloria Dickie, Katy Daigle, Alison Williams Organizations: United Arab Emirates Minister of Industry, Advanced Technology, United Nations, Change, United Arab Emirates, REUTERS, Rights, Guardian, Thomson Locations: Dubai, United Arab

These are just a few of the ways that public health has been impacted and compounded by climate change - a focus for the first time ever at the annual U.N. climate summit COP28. Here's how climate change is harming people's health across the world today, and what countries might expect in the future. Floods in Pakistan last year, for example, led to a 400%increase in malaria cases in the country, the report said. MURKY WATERSStorms and flooding wrought by climate change are allowing other infectious water-borne diseases to proliferate as well. Diarrhoea, too, receives a boost from climate change, with increasingly erratic rainfall - resulting in either wet or dry conditions - yielding a higher risk, research has found.

Persons: Alexandros Avramidis, Martin Edlund, Gloria Dickie, Alexander Cornwall, Katy Daigle, Diane Craft Organizations: REUTERS, Rights, World Health Organization, WHO, Nature Medicine, American Thoracic Society, Reuters, Thomson Locations: Evros, Greece, West Nile, Brazil, Bangladesh, Pakistan, Africa, United States

[1/2] Members of the International Federation of Medical Students Associations hold placards during a protest demanding an end to fossil fuels at COP28 World Climate Summit, in Dubai, United Arab Emirates, December 3, 2023. Climate-related impacts "have become one of the greatest threats to human health in the 21st century", COP28 President Sultan Ahmed Al-Jaber said in a statement. The World Bank on Sunday launched a new Climate and Health program to explore possible interventions and public health solutions for developing countries. "We have new tools at the lab level that decimate mosquito populations," said Gates, whose foundation supports public health research and projects for the developing world. Former U.S. Secretary of State Hillary Clinton also spoke on Sunday at COP28, urging reform to the world's insurance system as another key requirement to keep people safe.

Persons: Amr Alfiky, Sultan Ahmed Al, Jaber, COP28, Joseph Vipond, Storm Daniel, Bill Gates, Gates, Hillary Clinton, Clinton, Gloria Dickie, Elizabeth Piper, Alexander Cornwell, Simon Jessop, Kate Abnett, William James, Katy Daigle, Jan Harvey Organizations: International Federation of Medical, United Arab Emirates, REUTERS, Rights, Physicians, World Health Organization, Bank, Sunday, Health, World Bank, Microsoft, Former U.S, Reuters, Thomson Locations: Dubai, United Arab, Alberta, Canada, Western, Libya, Pakistan, COP28

REUTERS/Mike Blake//File Photo Acquire Licensing RightsDUBAI, Dec 1 (Reuters) - A United Nations-led effort to use space satellites to detect methane leaks from fossil fuel infrastructure has alerted governments to 127 major methane plumes across four continents since its launch at the start of this year. Environment Programme's (UNEP) Methane Alert and Response System (MARS) was created to support a 2021 global pledge by more than 150 countries to cut methane emissions by 30% by 2030. "Every kilogram of methane matters, but what we can see from our satellites is only the most outrageous of those emissions," said Manfredi Caltagirone, head of UNEP's International Methane Emissions Observatory. While satellites picked up more than 127 major plumes in 2023, some appeared short-lived and therefore too hard to trace, he said. Super-emitting events such as these are responsible for between 8% and 12% of methane emissions from the oil and gas industry.

Persons: Mike Blake, Manfredi Caltagirone, Caltagirone, Gloria Dickie, Barbara Lewis Organizations: REUTERS, Rights, United Nations, Programme's, UNEP, MARS, Thomson Locations: Pixley , California, U.S, Argentina, Dubai

☆ 'Let Us Be a Lesson', Say Kazakhs Wary of Return to Nuclear Testing
▼ + stars: | 2023-11-30 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +6 min

Many nuclear proliferation experts believe resuming testing by either nuclear superpower more than 30 years after the last test is unlikely soon. "I remember I was about five years old," said Baglan Gabullin, a resident of Kaynar, another village that lived under the shadow of nuclear testing. Gabullin, speaking near a small monument to victims of nuclear tests erected in Kaynar, also said losses were common. While villages such as Kaynar and Saryzhal were exposed to direct radiation, steppe winds carried nuclear fallout across an area the size of Italy. "Underground testing can also have severe consequences," said Alicia Sanders-Zakre of the International Campaign to Abolish Nuclear Weapons.

Persons: Mariya Gordeyeva SARYZHAL, Vladimir Putin, Serikbay Ybyrai, Baglan Gabullin, Gulsum Mukanova, Mukanova, Alicia Sanders, Olzhas, Gloria Dickie, Olzhas Auyezov, Mike Collett, White, Timothy Heritage Organizations: Reuters, International, Nuclear Locations: Kazakhstan, Russia, United States, Soviet, Semey, Kazakh, Russian, Ukraine, Moscow, Saryzhal, Kaynar, Italy, Soviet Union, Novaya Zemlya, Russia's, Almaty, London

☆ 'Let us be a lesson', say Kazakhs wary of return to nuclear testing
▼ + stars: | 2023-11-30 | by ( Mariya Gordeyeva | ) www.reuters.com time to read: +6 min

Many nuclear proliferation experts believe resuming testing by either nuclear superpower more than 30 years after the last test is unlikely soon. "I remember I was about five years old," said Baglan Gabullin, a resident of Kaynar, another village that lived under the shadow of nuclear testing. [1/5]A view shows a model of a nuclear test at the museum of the Semipalatinsk Test Site, one of the main locations for nuclear testing in the Soviet Union, in the town of Kurchatov in the Abai Region, Kazakhstan November 7, 2023. Gabullin, speaking near a small monument to victims of nuclear tests erected in Kaynar, also said losses were common. While villages such as Kaynar and Saryzhal were exposed to direct radiation, steppe winds carried nuclear fallout across an area the size of Italy.

Persons: Putin, Vladimir Putin, Serikbay Ybyrai, Baglan Gabullin, Pavel Mikheyev, Gulsum Mukanova, Mukanova, Alicia Sanders, Olzhas, Gloria Dickie, Olzhas Auyezov, Mike Collett, White Organizations: Soviet, REUTERS, International, Nuclear, Reuters, Timothy Heritage, Thomson Locations: Kazakhstan, SARYZHAL, Russia, United States, Soviet, Semey, Kazakh, Russian, Ukraine, Moscow, Saryzhal, Kaynar, Soviet Union, Kurchatov, Abai Region, Italy, Novaya Zemlya, Russia's, Almaty, London

Here's a rough guide to the jargon being used in Dubai at COP28, this year's United Nations climate change conference. The term "climate change" is used more broadly to describe global warming and its consequences, including variable weather extremes. GHGs include a myriad of gases, but the most impactful — methane and carbon dioxide — are also referred to as "carbon emissions" because both molecules contain carbon. The world's excess carbon emissions come mostly from the burning of fossil fuels and other industrial activities. UNFCCC - The United Nations Framework Convention on Climate Change is the treaty adopted in 1992 agreeing to halt climate change.

Persons: Amanda Perobelli, COP21, NDCs, Gloria Dickie, Katy Daigle, Rod Nickel, Aurora Ellis Organizations: United Nations, Paris, Thomson Locations: Amazonia, Nova Xavantina, Mato Grosso, Brazil, Dubai, COP28, United Nations, China, PARIS, Paris, Glasgow, COP27, London

REUTERS/Eduardo Munoz/File Photo Acquire Licensing RightsNov 29 (Reuters) - Ahead of this year's COP28 climate summit in Dubai, U.N. agencies have released several reports offering updates on global progress in limiting climate change. Emissions Gap Report. The report, released on Nov. 20, looks at how countries' planned climate action compares with what is needed to meet global climate goals. The report analyzes the difference between planned fossil fuel production and the amount deemed consistent with meeting global climate goals. In 2009, developed countries pledged to provide $100 billion per year in climate finance to developing nations.

Persons: Eduardo Munoz, wean, NDCs, Rich, Gloria Dickie, David Stanway, Susanna Twidale, Katy Daigle, Jan Harvey Organizations: U.S, REUTERS, Programme, UNEP, Thomson Locations: New York, New York City , New York, U.S, Dubai, U.N, Paris, China, Norway, Qatar, UAE, London, Singapore

[1/2] A satellite imagery of the world's largest iceberg, named A23a, seen in Antarctica, November 15, 2023. Courtesy of European Union/Copernicus Sentinel-3/Handout via REUTERS Acquire Licensing RightsNov 24 - The world's largest iceberg is on the move for the first time in more than three decades, scientists said on Friday. At almost 4,000 square km (1,500 square miles), the Antarctic iceberg called A23a is roughly three times the size of New York City. This will funnel it toward the Southern Ocean on a path known as "iceberg alley" where others of its kind can be found bobbing in dark waters. "Over time it's probably just thinned slightly and got that little bit of extra buoyancy that's allowed it to lift off the ocean floor and get pushed by ocean currents," said Marsh.

Persons: berg, Oliver Marsh, it's, Gloria Dickie, Olga Vyshnevska, William Maclean Organizations: European, Copernicus, REUTERS Acquire, Antarctica's, Ronne Ice Shelf, British Antarctic Survey, Antarctic, Thomson Locations: Antarctica, New York City, Soviet, Weddell, A23a, South Georgia, South Africa, London

Last month smashed through the previous October temperature record, from 2019, by a massive margin, the EU's Copernicus Climate Change Service (C3S) said. The record-breaking October means 2023 is now "virtually certain" to be the warmest year recorded, C3S said in a statement. "When we combine our data with the IPCC, then we can say that this is the warmest year for the last 125,000 years," Burgess said. The only other time before October a month breached the temperature record by such a large margin was in September 2023. Michael Mann, a climate scientist at University of Pennsylvania, said: "Most El Nino years are now record-breakers, because the extra global warmth of El Nino adds to the steady ramp of human-caused warming."

Persons: Akhtar Soomro, Samantha Burgess, Copernicus, C3S, Burgess, Michael Mann, El, El Nino, Piers Forster, Kate Abnett, Jan Harvey Organizations: REUTERS, Rights, Union, El, University of Pennsylvania, El Nino, University of Leeds, Thomson Locations: Jacobabad, Pakistan, Rights BRUSSELS, El Nino, Libya, South America

The deal to create a "loss and damage" fund was hailed as a breakthrough for developing country negotiators at United Nations climate talks in Egypt last year, overcoming years of resistance from wealthy nations. The committee, representing a geographically diverse group of countries, resolved to recommend the World Bank serve as trustee and host of the fund - a tension point that has fuelled divisions between developed and developing nations. Housing a fund at the World Bank, whose presidents are appointed by the U.S., would give donor countries outsized influence over the fund and result in high fees for recipient countries, developing countries have argued. To get all countries on board, it was agreed the World Bank would serve as interim trustee and host of the fund for a four-year period. "Rich countries ... have not only coerced developing nations into accepting the World Bank as the host of the Loss and Damage Fund but have also evaded their duty to lead in providing financial assistance to those communities and countries."

Persons: Tarusila, Loren Elliott, Jennifer Morgan, we're, Harjeet Singh, Sultan al, Jaber, Gloria Dickie, Valerie Volcovici, Andrew Heavens Organizations: Local, REUTERS, United Nations, Bank, Housing, World Bank, Action, U.S . State Department, Reuters, The U.S, Washington DC, Thomson Locations: Village, Fiji, United States, Egypt, Abu Dhabi, Dubai, U.S, Berlin, COP28, London, Washington

Countries pledged in the 2015 Paris Agreement to hold global warming to within 1.5C above pre-industrial temperatures but the new paper by a team of scientists, including from NASA and Columbia University, adds to evidence suggesting that this goal is already out of reach. Most emissions scenarios under the United Nations Intergovernmental Panel on Climate Change (IPCC) envision the world breaching 1.5C during the 2030s. EARTH SENSITIVITYThe study's findings, published in the journal Oxford Open Climate Change, result from two factors. The IPCC has given a best-guess estimate that the doubling of atmospheric carbon dioxide levels would yield global warming of around 3C (5.4F). Cleaning the skies, while bringing health benefits and saving lives, accelerates climate change.

Persons: Thomas Peter, James Hansen of, Michael Mann, Pennsylvania's Mann, Klaus Hubacek, Katy Daigle, Gareth Jones Organizations: REUTERS, NASA, Columbia University, United Nations, James Hansen of Columbia, Earth Institute, University of Pennsylvania, IPCC, University of Gronigen, Thomson Locations: Gan, Nanchang, Jiangxi province, China, UN, Paris, 1.5C, heatwaves, Libya, Dubai, 4.8C

☆ UAE Will Not Host Next Year's COP29 Climate Talks, Official Says
▼ + stars: | 2023-10-27 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +1 min

By Gloria DickieLONDON (Reuters) - The United Arab Emirates will not double up on hosting the United Nations' annual climate conference by holding next year's summit, according to leadership involved in the event. "The UAE has not been asked and has no intention of hosting COP29," Majid Al Suwaidi, director general of the COP28 summit, told reporters on Friday. "We will not be hosting COP29." Nations are scrambling to find an alternative venue for the event which sees representatives from nearly 200 countries gather to agree to joint efforts to tackle climate change. If a host for COP29 cannot be agreed, the location could revert to Bonn, Germany, where the U.N. climate secretariat is headquartered.

Persons: Gloria Dickie LONDON, Majid Al Suwaidi, Gloria Dickie, Kate Abnett, Alison Williams Organizations: United, United Nations, Union Locations: United Arab Emirates, Eastern Europe, UAE, Dubai, Ukraine, Bonn, Germany, London, Brussels

The study, published in the journal Nature Climate Change on Monday, found no matter the degree of warming this century, the melting of the West Antarctic Ice Sheet will speed up as warmer water in the Amundsen Sea erodes ice shelves bordering the ocean. These ice shelves buttress ice further inland, acting as a cork in a bottle that stops their flow into the ocean. The collapse of the West Antarctic Ice Sheet is one of nine global climate 'tipping points' scientists identified in 2009. If the ice sheet were to fully melt, average global sea levels would rise by more than a metre. Antarctic Sea ice saw its lowest maximum extent on record this winter.

Persons: Lauren Dauphin, Kaitlin Naughten, Tiago Segabinazzi Dotto, Gloria Dickie, Ros Russell Organizations: NASA, REUTERS, British Antarctic Survey, West, National Oceanography, Thomson Locations: Antarctica, Handout, Amundsen, London

The Global Cooling Pledge – set to be announced at the upcoming United Nations climate summit, COP28 – represents a tough request given the cooling industry is only expected to grow. The emissions from both the refrigerants and the energy used in cooling now account for about 7% of global greenhouse gas emissions, and are expected to triple by 2050 as temperatures continue to rise. "We need cooling, but it has to become more efficient," UNEP Cool Coalition global coordinator Lily Riahi said. Another 13 commitments outlined in the draft pledge include establishing minimum energy performance standards for air conditioning by 2030, and including cooling emissions in countries' overall climate action plans, called Nationally Determined Contributions. The UNEP estimates that global efforts to tackle cooling emissions could have a significant impact by 2050, avoiding the release of up to 86 billion metric tonnes of carbon dioxide equivalent.

Persons: Tyrone Siu, –, Noah Horowitz, Lily Riahi, Gloria Dickie, Katy Daigle, Alexandra Hudson Organizations: China Import, Export Fair, Canton Fair, REUTERS, Reuters, United, Programme's, Cool Coalition, International Energy Agency, UNEP, Coalition, Alexandra Hudson Our, Thomson Locations: Canton, Guangzhou, China, India, United States, Nations, United Arab Emirates, Kigali, Montreal, Dubai, London

Hurricanes are now also more likely to strengthen rapidly off the U.S. East Coast and in the Caribbean Sea, but slower to gain steam in the Gulf of Mexico. "It's become more common for storms to intensify near the U.S. East Coast," said study author Andra Garner, a meteorologist at Rowan University in the United States. "Those areas do need to be thinking about how they prepare for the possibility of having storms strengthen especially quickly in their region." Four of the five costliest Atlantic hurricanes have occurred since 2017. The research, which analyzed wind speed changes over the lifespan of Atlantic hurricanes in a national database, notes the rapid intensification of these storms is likely due to warmer ocean temperatures.

Persons: It's, Andra Garner, Gloria Dickie, Miral Organizations: Hurricanes, U.S, U.S ., Rowan University, Thomson Locations: East Coast, U.S . East Coast, Caribbean, Gulf of Mexico, U.S, United States, London

☆ Atlantic Hurricanes Rapidly Gaining Strength Along US East Coast, Study Says
▼ + stars: | 2023-10-19 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +1 min

Persons: Gloria Dickie Hurricanes, It's, Andra Garner, Gloria Dickie, Miral Fahmy Organizations: U.S, Hurricanes, U.S ., Rowan University Locations: East Coast, U.S . East Coast, Caribbean, Gulf of Mexico, U.S, United States, London

"It's very disturbing," study co-author Matthew Huber of Purdue University in the U.S. state of Indiana told Reuters. It found that around 750 million people could experience one week per year of potentially deadly humid heat if temperatures rise 2 degrees Celsius (3.6 degrees Fahrenheit) above preindustrial levels. At 4C of warming, Hodeidah, Yemen, would see around 300 days per year of potentially unsurvivable humid heat. WET-BULB THRESHOLDTo track such moist heat, scientists use a measurement known as "wet-bulb" temperature. Beyond this, people were likely to succumb to heat stress if they could not find a way to cool down.

Persons: Nico, Adrees Latif, Matthew Huber, Huber, George Mason, George Mason University climatologist Daniel Vecellio, Vecellio, Jane Baldwin of, Gloria Dickie, Andrew Heavens Organizations: Emergency Aid Coalition, REUTERS, U.S . Midwest, Purdue University, Reuters, George, George Mason University, National Academy of Sciences, Jane Baldwin of University of California Irvine, Thomson Locations: Houston , Texas, U.S, Delhi, Shanghai, U.S ., Indiana, India, Pakistan, Lagos, Nigeria, Chicago , Illinois, South America, Australia, Hodeidah, Yemen, London

NO ARCHIVES Acquire Licensing RightsCompanies Early Warning System GmbH FollowNEW DELHI, Oct 6 (Reuters) - Scientists and government authorities were working on an early warning system for glacial floods at a Himalayan lake in northeast India when it broke its banks this week with deadly consequences. If fully operational, the warning system could have given people more time to evacuate, scientists said. One scientist said glacial early warning systems can typically give residents a few minutes to an hour of notice. Details of the Lhonak Lake warning system have not previously been reported. "Such kind of events are so fast that even if we have some kind of early warning system ... we may only gain some minutes, maybe an hour," he said.

Persons: Wang Chen, geoscientist Simon Allen, Kamal Kishore, Farooq Azam, Ali Withers, Gloria Dickie, Shivam Patel, Cynthia Osterman Organizations: Adarsh gaon, REUTERS, NEW, Reuters, University of Zurich, Disaster Management Authority, Indian Institute of Technology, Thomson Locations: Teesta, Singtam, Sikkim, India, NEW DELHI, Swiss, Lakes, Pakistan, China, Nepal, Bhutan, Shako Cho, Indian Institute of Technology Indore, Copenhagen, Amsterdam, Delhi

"The UK has been one of the real leaders in climate diplomacy and in their own emissions reductions," Ireland’s climate minister Eamon Ryan told Reuters. But according to the Climate Change Committee’s June 2023 progress report to parliament, to hit mid-way climate targets, Britain must quadruple its annual emissions reductions outside the electricity supply sector by 2030. He said he was changing the policy because previous governments had moved too quickly to set net zero targets, without securing the support of the public. Delaying net zero transition investments could prove politically popular, analysts observed, if an election was on the horizon. But "this framing only works if you think climate policy is a burden", said Bob Ward, a climate policy researcher at the London School of Economics and Political Science, adding that avoiding short-term costs was likely to lead to a greater bill for taxpayers down the road.

Persons: Eamon Ryan, Rishi Sunak, Bob Ward, Britain's, Simone Tagliapietra, Sunak’s, Philip Dunne, Susanna Twidale, Gloria Dickie, Kate Abnett, Elizabeth Piper, Ed Osmond, Alison Williams Organizations: Reuters, United Nations, London School of Economics, Political, Global, Thomson Locations: Britain, Ukraine, Poland, Slovakia, Netherlands, Brussels, U.S, London

A view of the United Nations Climate Change Conference flags at the venue, in Bonn, Germany, June 6, 2023. "What we want to see, all of us, is a real sense of urgency about reducing CO2 emissions," Roche Vice-Chair Andre Hoffmann said. We need to show action, and I'm not sure that what I've read so far of the COP28 will be strong enough for that." Despite rapidly falling prices for renewable energy, Roche's (ROG.S) Hoffmann said much faster action was needed. "If the change is going to be that big then financial institutions, business people will reshape and they'll say my goodness there's going to be new technological institutions, there's going to be new factories, there's going to be a new economy.

Persons: Jana Rodenbusch, Hoffmann, November's, Roche, Andre Hoffmann, I'm, Eelco van der Enden, Elvis Presley, it's, Celine Herweijer, we've, Herweijer, It's, Andrew Steer, Steer, Richa Naidu, Gloria Dickie, Clara Denina, Iain Withers, Helen Reid, Alexander Smith Organizations: United Nations, REUTERS, Reuters IMPACT, Global, HSBC, Reuters, Fund, Thomson Locations: Bonn, Germany, Asia, Dubai, American, Paris

The continent is rich in the commodities needed for the green energy transition and has abundant solar power, but many governments are also burdened with cripplingly high debts. "Eighty percent of the infrastructure Africa needs by 2050 has not yet been built," Gamboa said at the IMPACT conference. "They've come to a recognition that it is good development to leapfrog and go into the clean energy transition now." "We cannot and will not run away from doing fossil fuel-based investing because the development needs of the continent are so huge," the AFC's Gupta said. "The world still needs energy security, the world still needs energy source diversity.

Persons: John Muchucha, it's, Andrew Steer, Freddy, we've, Tom Mitchell, Sanjeev Gupta, Gupta, Cristina Gamboa, " Gamboa, ActionAid, Gloria Dickie, Jane Wardell, Sharon Singleton Organizations: REUTERS, Earth, Reuters IMPACT, International Institute for Environment, Development, London, African Finance Corporation, International Energy Agency, IMPACT, AFC, Thomson Locations: Africa, Nairobi, Kenya, London, Horn of Africa, Malawi, Mozambique, Madagascar, Sharm el, Sheikh, Lagos, Global South, Paris

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