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☆ US regional banks are still under pressure. That’s likely to continue
▼ + stars: | 2024-04-18 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

New York CNN —Despite overcoming a crisis in 2023, the pain isn’t over for America’s regional banks. Shares of New York Community Bank have tumbled 71%, Bank OZK shares have slid 16% and Webster Financial shares have lost 11%. Regional banks reported wide losses on their profits during the first quarter. PNC projects that its net interest income will fall between 4% to 5% in 2024 from last year. “I’m worried about a handful of [regional banks],” Bair told CNBC on Tuesday.

Persons: that’s, Jerome Powell, “, ” Powell, Sheila Bair, “ I’m, ” Bair, ” Tesla, Tesla, Elon Musk, Chris Isidore, Musk, Chancellor Kathaleen McCormick, Read, Samantha Delouya, —, Maximilian Kotz, Leonie Wenz, Noah Diffenbaugh Organizations: CNN Business, Bell, New York CNN, Regional Banking, New York Community Bank, Bank OZK, Webster Financial, PNC Financial, T Bank, US Bancorp, Citizens, PNC, Valley Bank, Signature Bank, First Republic Bank, Federal Reserve, Wilson Center, Federal Deposit Insurance Corporation, CNBC, Tesla, Securities and Exchange Commission, United Nations, Potsdam, Climate, CNN, Stanford University Locations: New York, Delaware, ” Delaware

☆ Climate change and global warming come with increasing economic cost to individuals
▼ + stars: | 2024-04-17 | by ( Samantha Delouya | ) edition.cnn.com time to read: +5 min

However, they say immediate actions to reduce climate change could stem some losses in the longer term. Noah Diffenbaugh, a professor and environmental researcher at Stanford University, said the economic damage from climate change will take different shapes. Researchers estimated it would cost the global economy $6 trillion by 2050 to comply with the Paris Climate Agreement—the international agreement among nearly 200 nations to tackle climate change—compared to the study’s estimated $38 trillion economic damage due to climate change. “That’s what’s likely to happen from the global warming that’s already occurred and what’s likely to happen even for small increments of global warming.”The Nature study estimated the economic damage of different regions. The ICF paper said price hikes on essential elements of the cost of living in the US will add up due to climate change.

Persons: –, Maximilian Kotz, Leonie Wenz, Noah Diffenbaugh, It’s, Wenz, Bernardo Bastien, Bastien, ” Bastien, “, ”, “ That’s, what’s, won’t Organizations: CNN, United Nations, Potsdam, Climate, Stanford University, Scripps Institute of Oceanography, University of California Locations: Nature, Paris, University of California San Diego, California, North America, Europe, South Asia, Africa, United States

☆ Climate change and extreme heat will drive inflation higher, study says
▼ + stars: | 2024-03-25 | by ( Aruni Soni | ) www.businessinsider.com time to read: +2 min

Global warming and extreme heat will drive inflation higher, a new study says. In the next decade, climate change could bump up food inflation by as much as 3.23% per year and headline inflation by as much as 1.18%. "A worst-case emission scenario would cause pressures on food inflation exceeding 4% [per year] across large parts of the world." According to a new study published in the journal Communications Earth & Environment, the effects of global warming and extreme heat are expected to create persistent increases in headline and food inflation. Related storiesThat could bump up food inflation by as much as 3.23% a year on average globally, and push headline inflation up by as much as 1.18% in the coming decade.

Organizations: Service, Environment, Potsdam Institute, Climate Impact Research, European Central Bank Locations: Africa, South America

☆ Time to say 'the F-words'? A fossil fuel fight takes center stage at the COP28 climate summit
▼ + stars: | 2023-12-04 | by ( Sam Meredith | ) www.cnbc.com time to read: +5 min

Sultan al-Jaber, president of the UNFCCC COP28 climate conference, speaks during day two of the summit on Dec. 2, 2023 in Dubai, United Arab Emirates. Sean Gallup | Getty Images News | Getty ImagesDubai, UNITED ARAB EMIRATES — A fight over the future of fossil fuels has been thrust into the global spotlight at the COP28 climate summit. "Unabated" fossil fuels are largely understood to be produced and used without substantial reductions in the amount of emitted greenhouse gases. "[It is] important to say that more fossil fuels equal more loss and damage, so these two issues are actually quite intertwined." Notably, at last year's COP27 conference in Egypt, more than 80 countries supported a fossil fuel phase-out commitment in the final agreement.

Persons: Sultan al, Jaber, Sean Gallup, Johan Rockstrom, There's, Darren Woods, Catherine Abreu, Abreu Organizations: Getty, Getty Images, UNITED, EMIRATES, Potsdam Institute, Climate, Climate Impact Research, CNBC, AG, United Arab, Oil, Exxon Mobil Locations: Dubai, United Arab Emirates, Getty Images Dubai, COP28, Salzgitter, Germany, Russia, Egypt

Steve Beshear – faces Republican Attorney General Daniel Cameron, a protege of Senate Minority Leader Mitch McConnell. In Mississippi, Republican Lynn Fitch is seeking a second term against Greta Kemp Martin, the litigation director of Disability Rights Mississippi. Democratic attorney Lindsey Cheek won the other runoff slot by taking 23% of the all-party primary vote. In Mississippi, Republican incumbent Michael Watson is seeking a second term and should easily defeat Democrat Ty Pinkins. She will face Democratic attorney, accountant, and small business owner Gwen Collins-Greenup, who finished second in the primary.

Persons: — it’s, Kentuckians, Andy Beshear, Jeff Landry, Beshear, Steve Beshear –, Daniel Cameron, Mitch McConnell, Kentucky’s, He’s, Cameron, Tate Reeves, Brandon Presley, Elvis Presley, Presley, Reeves, Democrat hasn’t, Jim Hood, Glenn Youngkin’s, Winsome Sears, Youngkin, Phil Murphy, Democratic Sen, Robert Menendez, Joe Biden, Max Baer, Carolyn Carluccio, Daniel McCaffery, Donald Trump, wouldn’t, Roe, Wade, Ohio’s, Sen, Bernie Sanders of, Janet Mills, Russell Coleman, McConnell, Pamela Stevenson, Republican Lynn Fitch, Greta Kemp Martin, Fitch, Liz Murrill, Landry, Lindsey Cheek, Michael Adams, Buddy Wheatley, Adams, Michael Watson, Ty Pinkins, Shuwaski Young, Young, Kyle Ardoin, Nancy Landry, Gwen Collins, Greenup Organizations: Democratic Gov, Democratic, Republican, Gubernatorial, Gov, Lean Democratic, Republican Gov, Public Service Commission, Democrat, Mississippi, Public, Impact Research, Lean Republican, State Legislative, Virginia, GOP, Senate, Republicans, House, George Mason University, Assembly, , New Jersey Republicans, Pleas, Superior Court, Ohio, Sierra Club, AFL, of Commerce, Avangrid Inc, Trump, Air Force, Disability Rights Mississippi, State, Iraq Locations: Mississippi, Virginia, Republican . New Jersey, Garden, Pennsylvania, Ohio, Maine, In Kentucky, Republican Mississippi, U.S, Northern Virginia, Richmond, Hampton Roads, Washington, New Jersey, , New Jersey, Montgomery County, In Ohio, Bernie Sanders of Vermont, Massachusetts, Texas, Kentucky, Louisiana, State Kentucky, In Mississippi

☆ Europe could become energy self-sufficient in $2 trillion push - study
▼ + stars: | 2023-10-04 | by ( ) www.reuters.com time to read: +2 min

[1/2] Electrical power pylons with high-voltage power lines are seen next to wind turbines near Weselitz, Germany November 18, 2022. REUTERS/Lisi Niesner Acquire Licensing RightsFRANKFURT, Oct 5 (Reuters) - Europe could wean itself off fossil fuels and create a self-sustainable energy sector by spending around 2 trillion euros ($2.1 trillion) on solar, wind and other regenerative sources by 2040, according to a new study. The law raises the EU's renewable energy targets, requiring 42.5% of EU energy to be renewable by 2030, replacing a previous 32% target. It said renewable energy supply would need to grow by 20% per year to meet expected power demand by 2030. ($1 = 0.9531 euros)Reporting by Christoph Steitz, Editing by Rachel More and Alex RichardsonOur Standards: The Thomson Reuters Trust Principles.

Persons: Lisi Niesner, Christoph Steitz, Rachel More, Alex Richardson Organizations: REUTERS, Rights, Potsdam Institute, Climate Impact, Reuters, Aquila Capital, Thomson Locations: Weselitz, Germany, Europe, Russian, Ukraine

BERLIN, Sept 13 (Reuters) - The Earth's life-support systems are facing greater risks and uncertainties than ever before, with most major safety limits already crossed as a result of planet-wide human interventions, according to a scientific study released on Wednesday. The authors said crossing the boundaries did not represent a tipping point where human civilisation would just crash, but could bring irreversible shifts in the Earth's support systems. "We can think of Earth as a human body, and the planetary boundaries as blood pressure. Over 120/80 does not indicate a certain heart attack but it does raise the risk," Richardson said. "It is a complete failure ...and it's a large risk... We're still following a pathway that takes us unequivocally to disaster."

Persons: Katherine Richardson, Richardson, Ueslei Marcelino, We're, Johan Rockström, I've, Rockström, Riham, David Stanway, Mark Heinrich Our Organizations: University of Copenhagen, REUTERS, Potsdam Institute, Climate Impact, United Nations Global, Thomson Locations: Seca, Uruara, Para State, Brazil, Dubai

Earth is exceeding its “safe operating space for humanity” in six of nine key measurements of its health, and two of the remaining three are headed in the wrong direction, a new study said. Earth’s climate, biodiversity, land, freshwater, nutrient pollution and “novel” chemicals (human-made compounds like microplastics and nuclear waste) are all out of whack, a group of international scientists said in Wednesday’s journal Science Advances. “We are in very bad shape,” said study co-author Johan Rockstrom, director of the Potsdam Institute for Climate Impact Research in Germany. Water went from barely safe to the out-of-bounds category because of worsening river run-off and better measurements and understanding of the problem, Rockstrom said. Political Cartoons View All 1157 ImagesIf Earth can manage these nine factors, Earth could be relatively safe.

Persons: ”, Johan Rockstrom, “, Rockstrom, it’s, –, ” Rockstrom, Jonathan Overpeck, ” Overpeck, Neil Donahue, Duke’s Stuart Pimm, Granger Morgan, ” “ I’ve, ” Morgan, Seth Borenstein Organizations: Potsdam Institute, Climate, Research, Biodiversity, ” University of Michigan, Carnegie Mellon, Twitter, AP Locations: Germany, Paris

☆ Climate change: Extreme water stress affects a quarter of humanity and it's poised to get worse
▼ + stars: | 2023-08-16 | by ( Hafsa Khalil | ) edition.cnn.com time to read: +5 min

The biggest change in water demand will occur in sub-Saharan Africa according to the report, which projects a 163% increase in water demand by 2050. In North America and Europe, water demand has plateaued, helped by investment in water use efficiency measures. In the US, six states experience extremely high water stress, according to the report. People collect drinking water from in Cape Town on January 19, 2018, during a water crisis which saw the city nearly run dry. The report suggests various measures to prevent water stress spilling into a water crisis.

Persons: ”, Samantha Kuzma, “ I’ve, ” Kuzma, Will Lanzoni, Kuzma, “, Charles, Rodger Bosch, Dieter Gerten, – Organizations: CNN, Ocean Program, UN, Getty, Potsdam Institute, Climate Impact Research Locations: Bahrain, Cyprus, Kuwait, Lebanon, Oman, Lake Mead, Boulder City , Nevada, East, North Africa, Africa, Saharan Africa, North America, Europe, Colorado, Arizona, New Mexico, Charles Iceland, Cape Town, AFP, Vegas, Singapore

☆ Yellow-crested cockatoos find an unlikely urban refuge in Hong Kong
▼ + stars: | 2023-06-26 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +18 min

Hong Kong CNN —It’s dusk in Hong Kong Park. On a sweltering summer day in Hong Kong Park, nestled between skyscrapers in the urban center of the Asian metropolis, a yellow-crested cockatoo perches on a branch. Noemi Cassanelli/CNN Yellow-crested cockatoos nest in old trees, typically more than 100 years old, which form cavities in the trunk. Hong Kong, despite its urban sprawl and concrete veneer, is a stronghold for several endangered species, including Chinese pangolins, Hong Kong groupers, and the black-faced spoonbill. (According to the AFCD, it has “not received any report related to poaching of yellow-crested cockatoos in the past three years.”)Extremely picky about where they roost, the yellow-crested cockatoos use cavities that form in the trunks of trees that are typically older than 100 years.

Persons: Hong Kong CNN —, –, Astrid Andersson, it’s, ”, Andersson, Quadrupling, Noemi Cassanelli, Cassanelli, CNN Andersson, CNN There's, they’ve, “, Tom Booth, Fox, It’s, ’, Fiona Woodhouse, Woodhouse, Hong Kong’s, Jovy Chan, Chan, “ They’ve Organizations: CNN, Hong Kong CNN, Press, University of Hong, Timor Leste, International Trade, Fisheries, Conservation Department, CITES, Scottish wildcats, ADM Capital Foundation, Society for, Bird, Cultural Services Department, Facebook, Hong, SPCA HK, WWF Locations: Hong Kong, Swedish, Indonesia, Timor, Australia, University of Hong Kong, Hong, ”, Mainland China, HKD28,000, Indonesian

☆ 1.5-degree climate threshold won't prevent 'significant harm,' scientists report
▼ + stars: | 2023-05-31 | by ( Rachel Ramirez | ) edition.cnn.com time to read: +4 min

CNN —For years, the world has been focusing on a key climate change threshold: limiting global warming to 1.5 degrees Celsius above pre-industrial levels. But even at that threshold – which could begin to be breached within the next five years – millions of people will still face “significant harm,” including death, displacement and food and water scarcity, an international commission of researchers reported Wednesday. In a study published in the journal Nature, the panel of more than a dozen researchers integrated environmental justice – the idea that climate thresholds should minimize significant harm – with climate science. And they said that the key climate threshold nations pledged to meet in the Paris Agreement in 2015 – one that would ensure a “safe and just” world – should have been 1 degree Celsius. “We argue that there is no safe planet without justice,” Gupta said, underscoring that incorporating justice to the Earth system’s boundaries reduces significant harm to communities and individuals.

Persons: ”, Johan Rockström, Joyeeta Gupta, “, ” Gupta, Kim Cobb, ” Cobb Organizations: CNN, Potsdam Institute, Climate Impact Research, Earth Commission, University of Amsterdam, Brown University Locations: Paris

☆ Earth is 'really quite sick now' and in danger zone in nearly all ecological ways, study says
▼ + stars: | 2023-05-31 | by ( Associated Press | ) www.businessinsider.com time to read: +6 min

Earth is in the scientific "danger zone" for all environmental measures by air pollution, according to a new study. If the planet got an annual check-up like a person, scientists say Earth is "really quite sick right now." Only air pollution wasn't quite at the danger point globally. About two-thirds of Earth don't meet the criteria for freshwater safety, scientists said as an example. "We are in a danger zone for most of the Earth system boundaries," said study co-author Kristie Ebi, a professor of climate and public health at the University of Washington.

Persons: U.S . West —, Kristie Ebi, Joyeeta Gupta, It's, Johan Rockstrom, Indy Burke, Rockstrom, Gupta, Chris Field, Lynn Goldman, George Washington Organizations: Service, Earth, U.S, University of Washington, Earth Commission, University of Amsterdam, Potsdam Institute, Climate, Research, Yale School of, Environment, Stanford Locations: guardrails, Eastern Europe, South Asia, East, Southeast Asia, Africa, Brazil, Mexico, China, U.S . West, Germany, Paris

☆ Travel won’t fully recover this year — but it will get close
▼ + stars: | 2023-05-08 | by ( Monica Pitrelli | Morgan Awyong | ) www.cnbc.com time to read: +3 min

The World Travel & Tourism Council says the global travel and tourism sector won't fully recover this year — but it will get close. The return of tourism jobsAnd this year, jobs in the travel and tourism sector will recover to 95% of 2019 levels, according to the report. In 2019, 334 million people worked in the travel sector — an all-time high, it said. By 2033, the WTTC forecasts the travel sector will employ some 430 million people around the world, representing nearly 12% of the global workforce. But "we can't expect that momentum to continue into 2023," according to a forecast published by the travel risk intelligence company Riskline.

☆ We're halfway to a tipping point that would trigger 6 feet of sea level rise from melting of the Greenland Ice Sheet
▼ + stars: | 2023-03-29 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +5 min

An aerial view of meltwater lakes formed at the Russell Glacier front, part of the Greenland ice sheet in Kangerlussuaq, Greenland, on August 16, 2022. New research published this week in the journal Geophysical Research Letters found that carbon emissions are halfway to a tipping point after which 6 feet of sea level rise from the melting of the Greenland Ice Sheet would be unstoppable. The further the Earth overshoots the first tipping point of 1,000 gigatons of carbon emissions, the faster the Greenland Ice Sheet will melt. If total emissions of carbon stay below the 1,000 gigatons of carbon emissions threshold, then the melting Greenland Ice Sheet would "only" contribute tens of centimeters to total sea level rise, he added. Avoiding carbon emissions is in any case much cheaper than the energy required to capture this carbon again," Höning told CNBC.

☆ Risky feedback loops are accelerating climate change, scientists warn
▼ + stars: | 2023-03-06 | by ( Emma Newburger | ) www.cnbc.com time to read: +2 min

Risky feedback loops that are accelerating global climate change may not be fully accounted for in current climate models, according to a recent study published in the scientific journal One Earth. A group of international scientists from institutions like Oregon State University, Exeter University and the Potsdam Institute for Climate Impact Research in Germany, identified 41 climate feedback loops in what they called "the most extensive list available of climate feedback loops." Of these, they discovered 27 amplifying feedback loops that are accelerating global warming and only seven that are slowing it. An amplifying, or positive, feedback loop is the process in which an initial change that prompts temperature rise triggers another change that causes even more temperature rise. These positive feedback loops, which can be large and difficult to quantify, threaten to cause a permanent shift away from Earth's current global climate, researchers warned.

☆ China has a 'stunning lead' over the US in the research of 37 out of 44 critical and emerging technologies, new study finds
▼ + stars: | 2023-03-03 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

China leads the US in the research of 37 out of 44 key technologies tracked by an Australian think tank. These critical and emerging technologies span a range of sectors including defense, space, and energy. China's research lead in these sectors could have implications for democratic nations. The report's authors warned that China's research dominance in strategic sectors could have adverse implications for democratic nations. In the immediate term, the lead could allow China to "gain a stranglehold on the global supply of certain critical technologies."

☆ China leads US in global competition for key emerging technology, study says
▼ + stars: | 2023-03-02 | by ( ) www.reuters.com time to read: +3 min

The Australian Strategic Policy Institute (ASPI) said its study showed that, in some fields, all of the world's top 10 research institutions are based in China. The study, funded by the United States State Department, found the United States was often second-ranked, although it led global research in high-performance computing, quantum computing, small satellites and vaccines. "Western democracies are losing the global technological competition, including the race for scientific and research breakthroughs," the report said, urging greater research investment by governments. The report called for democratic nations to collaborate more often to create secure supply chains and "rapidly pursue a strategic critical technology step-up". The study recommended visa screening programs to limit illegal technology transfers and instead favour international collaboration with security allies.

As part of this effort, White House officials said, they locked a commitment from Tesla to open thousands of its chargers to electric vehicles made by other manufacturers. Tesla has intended to open up its charging network in the US for years. But in one omission that will raise questions from staunch environmentalists, the new federally funded EV chargers will not necessarily be powered by clean energy sources. According to environmental impact research by Project Drawdown, compared to gasoline-powered vehicles, emissions drop by 50% when an electric vehicle's power is drawn from the conventional grid. During the briefing, Energy Secretary Jennifer Granholm emphasized that the President's goal is to get to a "fully clean electric grid" by 2035.

Arizona Sen. Kyrsten Sinema’s announcement Friday morning that she was abandoning the Democratic Party to become an independent may require Democrats to modify their catchphrase. Her desperate leap out of the Democratic Party will someday make a compelling story for her book. In response, the Arizona Democratic Party took the serious step of censuring Sinema for her behavior. She’ll almost certainly need to fend off that challenge without the institutional Democratic Party resources she would otherwise have enjoyed. Her desperate leap out of the Democratic Party will someday make a compelling story for her book.

WASHINGTON — Sen. Kyrsten Sinema’s decision to leave the Democratic Party reshapes the dynamics of the 2024 Senate race in Arizona, creating fresh obstacles for Democrats to hold the seat in two years. But I’m still shockingly disappointed at how awful she continues to be,” said Michael Slugocki, an outgoing vice chair of the Arizona Democratic Party. A bipartisan poll by Fabrizio Ward and Impact Research in September found that Sinema's favorable rating among Arizona Democrats was 37%. The state party censured Sinema last year after she opposed a Senate rules change to pass a major voting-rights bill. “There is every intention that the Arizona Democratic Party will run a true Democrat in 2024,” he said, adding that he favors Gallego.

☆ 50-plus voters were the deciders.' How seniors influenced key congressional districts in the midterm elections
▼ + stars: | 2022-11-22 | by ( Lorie Konish | ) www.cnbc.com time to read: +2 min

Amalia Conner registers to vote so she can cast her ballot in midterm elections at the Bay Ridge Civic Association in Annapolis, November 8, 2022. An expected "red wave" of votes for Republican candidates did not come to fruition in the November midterm elections. The survey was conducted in November immediately after the election by bipartisan polling team Fabrizio Ward and Impact Research. Inflation and rising prices topped the list of overall voter concerns, with 33%, followed by abortion, 28%, and threats to democracy, 25%. Democratic candidates ranked high with voters who are concerned most with abortion and threats to democracy.

☆ 'This is not going to stop': Pakistan says apocalyptic flooding shows the need for reparations
▼ + stars: | 2022-11-10 | by ( Sam Meredith | ) www.cnbc.com time to read: +6 min

Reparations, or "loss and damage" funding, are seen as a fundamental question of climate justice. The decision to include loss and damage funding as an agenda item, which was proposed by Pakistan, was preceded by 48 hours of talks. He now hopes the international community can find a way to collectively address financing for loss and damage. U.S. climate envoy John Kerry said Washington would not be "obstructing" talks on loss and damage in Sharm el-Sheikh. We are talking about the reality outside these conference walls," Singh told CNBC.

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