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And it’s an alarming signal as some scientists warn 2024 is on track to be be even hotter still. Under the Paris Agreement in 2015, countries agreed to restrict global warming to 2 degrees above pre-industrial levels. Using data taken from temperature instruments during this period, the scientists found the Northern Hemisphere summer in 2023 was 2.07 degrees Celsius warmer than the pre-industrial period. To do this, they used detailed sets of tree ring records from thousands of trees across nine regions of the Northern Hemisphere, including North America and Scandinavia, but excluding the Tropics which lack good tree data. While the study can place the extraordinary Northern Hemisphere heat into historical context, it cannot be applied on a global scale, Esper said.
Persons: Bruna Casas, don’t, Richard A, Brooks, Jan Esper, , Kim Cobb, Esper, “ I’m, Laura Paddison Organizations: CNN, Northern, Central America, Getty, Johannes Gutenberg University, Brown University, Southern Hemisphere Locations: Paris, Northern, North America, Scandinavia, Europe, Central, Barcelona, Spain, Tokyo, AFP, Germany
Climeworks' direct-air-capture plant can remove up to 36,000 metric tons of carbon from the air a year. AdvertisementThe startup Climeworks this week switched on the largest direct-air-capture plant, which pulls carbon dioxide from the sky and locks it away underground. Climateworks' Mammoth plant also cost hundreds of millions of dollars to build, though the company didn't disclose the exact amount. AdvertisementClimeworks aims to become large enough to remove 1 million metric tons of carbon a year by 2030 and 1 billion metric tons by 2050 — or a megaton and gigaton. The two plants could remove more than 2 million metric tons of carbon dioxide from the air each year.
Persons: Climeworks, , it's, JPMorgan Chase, Jan Wurzbacher, Wurzbacher Organizations: Service, UN, Carbon Project, Microsoft, Swiss, JPMorgan, US Department of Energy, Occidental Petroleum Locations: Mammoth, Iceland, Paris, Canada, Norway, Oman, Kenya, Louisiana, West Texas
Using scientific models, the team was unable to determine precisely how much more likely climate change had made the floods. Changing circulation patterns driven by global warming are also increasing rainfall intensity, the analysis noted. Global warming was the only remaining reason they could identify to explain the heavier downpour. However, the focus must be on slowing climate change, she added. “While we can’t stop El Niño, we can stop climate change,” Otto said.
Persons: Amr Alfiky, , Sonia Seneviratne, Mansour Almazroui, King Abdulaziz University’s, Friederike Otto, Niño, Otto said, El, ” Otto, Francois Nel, Sultan Al, Jaber, CNN’s Abbas Al Lawati Organizations: CNN, United Arab, United Arab Emirates, Global, Reuters “, Institute for Atmospheric, Science, King Abdulaziz University’s Center, Excellence, Change, Grantham Institute, International Energy Agency Locations: United Arab Emirates, Oman, El, Dubai, UAE, Dubai’s, Zurich, Jeddah, Saudi Arabia, London, Paris, deadlier
World leaders are gathering in Ottawa, Ontario, this week to hash out a global treaty to end plastic pollution. This story is available exclusively to Business Insider subscribers. AdvertisementHundreds of businesses and countries support cutting plastic production. Lin represents the Business Coalition for a Global Plastics Treaty, which includes more than 200 companies. Cutting plastic production would also hit the bottom line of oil majors such as Exxon.
Persons: Carroll Muffett, Jose Fernandez, Biden, Allison Lin, Lin, Stewart Harris, Harris, Neil Nathan, Nathan, He's Organizations: Service, Business, Center for International Environmental Law, Organization for Economic Co, Lawrence Berkeley National Laboratory, State Department, Mars Inc, Business Coalition, Global Plastics, Walmart, PepsiCo, International Council of Chemical Association, Oxford Economics, Exxon, The International Energy Agency, UC Santa Barbara, US Locations: Ottawa , Ontario, Russia, Iran, Saudi Arabia, Washington, DC, Paris, Ottawa, Belgium
The world added more coal power capacity last year than any year since 2016, with China driving most growth and future planned capacity, according to new research. A report by Global Energy Monitor released Thursday found that net annual coal capacity grew by 48.4 GW, representing a 2% year-over-year increase. China alone accounted for about two-thirds of new coal plant capacity. Other countries that brought new coal plants online included Indonesia, India, Vietnam, Japan, Bangladesh, Pakistan, South Korea, Greece and Zimbabwe. Coal power capacity, however, continues to steadily grow.
Persons: Champenois Organizations: Global Energy Monitor, GEM Locations: China, Indonesia, India, Vietnam, Japan, Bangladesh, Pakistan, South Korea, Greece, Zimbabwe, Paris
CNN —The world’s coal-fired power capacity grew 2% last year, its highest annual increase since 2016, driven by new builds in China and decommissioning delays elsewhere, according to research published on Thursday. Coal-fired capacity outside China also grew for the first time since 2019, while worldwide only 21.1 GW was shut down, the survey found. Currently, however, another 578 GW of coal capacity is in development. China’s coal plant retirement rate was also at its lowest in a decade last year, amid concerns over energy security. With coal-fired power incompatible with China’s declared longer-term climate goals, GEM said China is running the risk of being lumbered with billions of yuan in stranded assets.
Persons: Flora Champenois, , ” Champenois, China’s, Organizations: CNN, Global Energy Monitor, GEM, International Energy Agency Locations: China, Paris, India
Europe's top human rights court on Tuesday ruled in favor of more than 2,000 elderly Swiss women who argued that their government's efforts to tackle the climate crisis were insufficient to protect them from more frequent and intense heat waves. The European Court of Human Right's (ECHR) decision was hailed by campaigners as a ground-breaking moment that could serve as a blueprint for other climate litigation cases argued on human rights grounds. The impact of the decision is expected to be felt far beyond Europe's borders. The decision could compel the Swiss government to revise its climate policies, including upgrading its near-term emissions reductions targets to align with the landmark Paris Agreement. "This result from one of the world's highest courts sends a clear message: governments must take real action on emissions to safeguard the human rights of their citizens."
Persons: Vesselina Newman, ClientEarth Organizations: Swiss, Protection, European, of Human Rights Locations: Strasbourg, France, Europe's, Swiss, Paris
Today's energy grids are unable to keep up with the intense demand being heaped upon them. Globally, energy projects struggle to overcome permitting hurdles. Making smart grids a realityData was transmitted across a national energy grid for the first time in 2016. Startups selling them are hoping to alleviate pressure from physical grid infrastructure and allow operators to do more with the infrastructure they have. Victoria McIvor, an advisor to energy startups who was formerly an investor at the European climatetech firm World Fund, imagines a future where energy tariffs dictate when energy-intensive appliances run.
Persons: Rajesh Swaminathan, it's, Andrés Dancausa, Dancausa, Swaminathan, Victoria McIvor, Timothy Barat, Barat, Duncan Turner, SOSV, Turner, McIvor Organizations: Infrastructure, Service, International Energy Agency, Paris, Investors, Khosla Ventures, US Department of Energy, Fund, Octopus Energy, Continuum Industries, Software Locations: Europe, Ukraine, Portuguese, Amsterdam, California, London, VCs, Scottish
GENEVA (AP) — The U.N. weather agency is sounding a “red alert” about global warming, citing record-smashing increases last year in greenhouse gases, land and water temperatures and melting of glaciers and sea ice, and warning that the world's efforts to reverse the trend have been inadequate. “The latest State of the Global Climate report shows a planet on the brink. Fossil fuel pollution is sending climate chaos off the charts.”The latest WMO findings are especially stark when compiled in a single report. WMO said the impact of heatwaves, floods, droughts, wildfires and tropical cyclones, exacerbated by climate change, was felt in lives and livelihoods on every continent in 2023. And so, nothing gets done.”___Borenstein reported from Washington, D.C.___The Associated Press’ climate and environmental coverage receives financial support from multiple private foundations.
Persons: , Celeste Saulo, , ” U.N, Antonio Guterres, Topping, Jonathan Overpeck, wasn’t, Saulo, Kathy Jacobs, Andrew Weaver, , ___ Borenstein Organizations: GENEVA, World Meteorological Organization, WMO, Service, University of Michigan School for Environment, Sustainability, University of Arizona, University of Victoria, British Columbia, Washington , D.C, Associated Press Locations: “ State, Paris, Copenhagen, British, Washington ,, AP.org
A wind change increased flames during a planned ignition on the Ross Moore Lake wildfire in Kamloops, British Columbia, Canada, on July 28, 2023. A series of climate records last year gave new meaning to the phrase "off the charts," the U.N.'s weather agency said on Tuesday, warning that the planet is now on the brink of surpassing a key warming threshold. It confirmed 2023 as the hottest year on record and said the period from 2014 to 2023 also reflected the hottest 10-year period on record. The global average temperature in 2023 stood at 1.45 degrees Celsius above pre-industrial levels, researchers said, marginally below the key warming threshold of 1.5 degrees Celsius. The 1.5 degrees Celsius level is widely recognized as an indicator of when climate impacts become increasingly harmful to people and the planet, as outlined in the landmark Paris Agreement.
Persons: Ross Organizations: State, World Meteorological Organization, WMO Locations: Kamloops , British Columbia, Canada, Paris
Biden Makes the Case on Climate
  + stars: | 2024-03-07 | by ( Manuela Andreoni | ) www.nytimes.com   time to read: 1 min
President Biden and former President Trump are worlds apart on climate policy. But do voters know it? Polls show that most Americans don’t know that Biden signed into law the biggest climate law in U.S. history. Tonight, Biden will have the chance to highlight those contrasts when he addresses Congress in the annual State of the Union speech. I asked my colleague Lisa Friedman, who covers climate policy and politics, for a preview.
Persons: Biden, Trump, Lisa Friedman Organizations: State of Locations: Paris, State
CNN —Last month was the planet’s hottest February on record, marking the ninth month in a row that global records tumbled, according to new data from Copernicus, the European Union’s climate monitoring service. It’s yet another grim climate change milestone, as the long-term impacts of human-caused global warming are given a boost by El Niño, a natural climate fluctuation. Global temperatures in the first half of the month in particular were “exceptionally high,” according to the analysis. “At times, the records have been broken by margins that are virtually statistically impossible,” McNoldy told CNN. The Copernicus data “tells a familiar story of warming temperatures and shifting patterns of weather,” said Hannah Cloke, a climate scientist and professor at the University of Reading in the UK.
Persons: Copernicus, El Niño, ” Carlo Buontempo, Brian McNoldy, ” McNoldy, , Hannah Cloke, Cloke, Derek Van Dam Organizations: CNN, El, University of Miami Rosenstiel School, , University of Reading Locations: Paris
And February, as well the previous two winter months, soared well past the internationally set threshold for long-term warming, Copernicus reported Wednesday. February 2024 averaged 13.54 degrees Celsius (56.37 degrees Fahrenheit), breaking the old record from 2016 by about an eighth of a degree. Climate scientists say most of the record heat is from human-caused climate change of carbon dioxide and methane emissions from the burning of coal, oil and natural gas. Additional heat comes from a natural El Nino, a warming of the central Pacific that changes global weather patterns. The three-month period was the most any season has been above pre-industrial levels in Copernicus record keeping, which goes back to 1940.
Persons: Copernicus, El, it’s, , Jennifer Francis, ” Francis, El Nino, Francesca Guglielmo, , Brian McNoldy, Natalie Mahowald, Francis, ___ Read, Seth Borenstein Organizations: WASHINGTON, European Union, El Nino, El, Climate, University of Miami, Cornell University, Associated Press Locations: European, Paris, El, El Ninos, AP.org
CNN —Global carbon pollution from energy hit a record high last year, driven partly by increased fossil fuel use in countries where droughts restricted hydropower production, according to an International Energy Agency (IEA) report published Thursday. Global emissions from energy rose by 410 million metric tons, or 1.1%, in 2023 to 37.4 billion metric tons, the IEA analysis showed. “Without this effect, emissions from the global electricity sector would have fallen in 2023,” the IEA said. In China, emissions from energy rose by 5.2%, with energy demand growing as the country recovered from COVID-19-related lockdowns, the report said. China, however, also contributed around 60% of global additions of solar, wind power and electric vehicles in 2023, the IEA said.
Organizations: CNN, International Energy Agency, Energy, European Union Locations: Paris, United States, China, COVID
Carbon credits continue to play an important role in the global transition towards net zero. As an innovative financing mechanism, carbon credits allow corporates to mobilize capital to support emission-reduction projects. The decision to anchor CAD Trust in Singapore stems from acknowledging that transparency and governance are rooted in its DNA. Why Singapore is a prime location for firms to support global carbon marketsSingapore has successfully attracted more than 100 carbon market and services players to establish the city-state as their home base in Southeast Asia. Singapore's expertise in carbon services and its trailblazing move implementing Southeast Asia's first carbon tax in 2019, also appealed to Calyx Global.
Persons: — Dinesh Babu, Grace Fu, Duncan van Bergen, Van Bergen, — Duncan van Bergen Organizations: Reuters, Singapore, for Nature, National University of Singapore, Data Trust, Government of, Emissions Trading Association, Singapore's, Sustainability, Meta, Trust, Insider Studios, Singapore Economic Development Board Locations: Dubai, Singapore, Government of Singapore, South Asia, Southeast Asia, Oceania, Africa, Paris, Bhutan, COP28, Asia
Two British climate tech companies have raised a collective £5.5 million, around $7 million, in early-stage funding to sequester CO2 in concrete and digitize solar management in real estate. A mineralization process occurs when it is mixed with concrete, storing the CO2 permanently. The startup's end-to-end AI-driven platform helps real estate owners assess, install, and monetize solar energy, tackling traditionally complex and manual processes. The pre-Seed funding, from Octopus Ventures and impact investor Aenu, will be used to roll out the product. Check out the 11-slide pitch deck below:Metris EnergyMetris EnergyMetris EnergyMetris EnergyMetris EnergyMetris EnergyMetris EnergyMetris EnergyMetris EnergyMetris Energy
Persons: Dalraj Nijjar, Nijjar, Natasha Jones, William Whatley, Metris, Jones Organizations: Business, Zacua Ventures, Siam Cement Group, Metris Energy, Energy, Octopus Ventures, Energy Metris Energy Locations: Nottingham, London, Paris
The past year was 1.52 degrees hotter on average than temperatures before industrialization, according to data from Copernicus, the European Union’s climate and weather monitoring service. That 12-month average was boosted by the hottest January on record, which was 1.66 degrees warmer than the average January temperature in pre-industrial times. Keeping global warming below 2 degrees, but preferably 1.5, was the centerpiece goal of the Paris Agreement, which most of the world’s nations signed onto in 2015. Extreme weather events already made more frequent and severe by long-term global warming are now being supercharged by El Niño, scientists say. The twin threat also supercharged the California storms this week, scientists said, enhancing rainfall and boosting the storm’s destructive power.
Persons: El Niño, Copernicus, Matt Patterson, ” Copernicus, Samantha Burgess Organizations: El, CNN, Global, University of Oxford Locations: Paris, Chile
Read previewPresident Biden has won quite a few fans in the climate tech sector during this time in office. Legislation, including the IRA, the Bipartisan Infrastructure Law, and the CHIPS and Science Act, has unlocked enormous amounts of capital that bolsters climate tech innovation and adoption. The Swiss company would have expanded Stateside eventually, but such policies helped it pick up pace, said Andrew Fishbein, Climeworks' senior policy manager in the US. For example, Regeneration VC doesn't factor subsidies into its investment decisions or portfolio companies' financial projections. Advertisement"Who knows, maybe 2024 is going to be a banner year for climate tech," he said.
Persons: , Biden, Sierra Peterson, Anna, Alexia Basile, Katie Hoffman, Hoffman, Climeworks, Andrew Fishbein, We're, Kevin Stevens, Trump, VC's Hoffman, Energize Capital's Stevens, Ben Wolkon Organizations: Service, Business, Voyager Ventures, Infrastructure Law, Regeneration, Battery, Trump, Future, Department of Energy, Energize Capital, MUUS Climate Partners Locations: Paris, Nevada , Arizona, Louisiana, North Dakota, California, Swiss, Washington
Scientists on Thursday said the world surpassed a key warming threshold across an entire year for the first time on record, calling to slash planet-warming greenhouse gas emissions. The findings do not represent a break of the landmark Paris Agreement, which aims to "limit global warming to well below 2, preferably to 1.5 degrees Celsius, compared to pre-industrial levels" over the long term. But the EU's climate monitor said the data reinforces the need to rapidly reduce greenhouse gas emissions in order to avoid the worst of what the climate crisis has in store. C3S also confirmed that the first month of 2024 was the warmest January on record, with an average surface temperature of 13.14 degrees Celsius — some 0.7 degrees Celsius above the 1991-2020 average and 0.12 degrees Celsius higher than the previous warmest January, logged in 2020. "Rapid reductions in greenhouse gas emissions are the only way to stop global temperatures increasing."
Persons: C3S, Samantha Burgess Locations: Perris , Riverside County , California, Paris
That number carries special significance in the international effort to stop dangerous climate change. Under the 2015 Paris Agreement, nations agreed to try to limit global warming to 1.5 degrees Celsius compared with preindustrial times, or at least to keep it comfortably below 2 degrees Celsius. The latest temperature data doesn’t mean we’ve already passed that lower limit. It might be helpful to start with what they aren’t, which is thresholds encoded somewhere in the laws of nature. Instead, they represent warming levels that would bring consequences that are unacceptably difficult for societies to manage, as decided and agreed upon by the nearly 200 nations that signed the Paris accord.
Locations: European, Paris
January Was World's Warmest on Record, EU Scientists Say
  + stars: | 2024-02-07 | by ( Feb. | At P.M. | ) www.usnews.com   time to read: +2 min
By Kate AbnettBRUSSELS (Reuters) - 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. Every month since June has been the world's hottest on record, compared with the corresponding month in previous years. "Rapid reductions in greenhouse gas emissions are the only way to stop global temperatures increasing," she said. Still, average global sea surface temperatures last month were the highest for any January on record.
Persons: Kate Abnett BRUSSELS, Samantha Burgess, Kate Abnett, Sandra Maler Organizations: El, Nina Locations: U.S, Paris
The past year was 1.52 degrees hotter on average than temperatures before industrialization, according to data from Copernicus, the European Union’s climate and weather monitoring service. That 12-month average was boosted by the hottest January on record, which was 1.66 degrees warmer than the average January temperature in pre-industrial times. Scientists are more concerned with multi-year warming above these thresholds, but the 12-month record shows the world is fast approaching the Paris Agreement’s limits. “Rapid reductions in greenhouse gas emissions are the only way to stop global temperatures increasing.”The climate crisis is driven primarily from humans burning coal, oil and gas for energy. Extreme weather events already made more frequent and severe by long-term global warming are now being supercharged by El Niño, scientists say.
Persons: Copernicus, Matt Patterson, ” Copernicus, Samantha Burgess, El Niño Organizations: CNN, Global, University of Oxford, El Locations: Paris, Chile
These findings, published Monday in the journal Nature Climate Change, are alarming but also controversial. Other scientists say the study contains too many uncertainties and limitations to draw such firm conclusions and could end up confusing public understanding of climate change. Researchers say the results also suggest global temperature could overshoot 2 degrees of warming by the end of the decade. Changing that baseline would mean the world has already warmed at least 1.7 degrees (scientists say long-term global warming currently stands at between 1.2 to 1.3 degrees). Whatever the baseline for measuring global warming, what remains clear, experts say, is that the impacts will worsen with every fraction of a degree of warming.
Persons: ” Malcolm McCulloch, Gavin Schmidt, , Gabi Hegerl, Yadvinder Malhi, It’s, Amos Winter, Joeri Rogelj, , Winter Organizations: CNN, University of Western, NASA, University of Edinburgh, Environmental, Institute, University of Oxford, Indiana State University, Grantham Institute, Imperial College London Locations: Puerto Rico, Caribbean, Paris, University of Western Australia
The company's segments include gas & low-carbon energy, oil production & operations and customers & products. Its gas business includes upstream activities that produce natural gas, integrated gas and power, and gas trading. Its oil production & operations segment comprises upstream activities that produce crude oil, including Bpx Energy. As of Bluebell's October 4, 2023, letter to BP, BP traded on a price-earnings ratio of 6.7 times, a 44% discount to Chevron and ExxonMobil, which on average traded at 12 times. To make it even clearer how the market views BP's strategy, on February 7, 2023, when BP announced its partial retracement from this strategy, BP's share price rose 8% on the day and 17% on the week.
Persons: Giuseppe Bivona, Marco Taricco, Bivona, , Helge Lund, Bluebell, BP's, Bernard Looney, Shell, Looney's, Looney, Pamela Daley, Solvay, Glencore, Ken Squire Organizations: BP Bunge, Bpx Energy, Castrol, Bluebell Capital Partners, Bluebell Partners, BP, ExxonMobil, Chevron, Bluebell, International Energy Agency, EV, Exxon, Shell, Mr, Renewables, Power, BP's Board, BlackRock, 13D Locations: bioenergy, Europe, Bluebell, Paris, Bioenergy, United States, U.S
CNN —John Podesta, a senior White House adviser focused on clean energy and climate, will take over as US climate diplomat after John Kerry steps down this spring, according to a source familiar with the move. Podesta first came to the Biden White House in September 2022, when he was tasked with implementing the climate measures in the Inflation Reduction Act. Podesta also previously served as a top climate adviser to former President Barack Obama, where he was involved both in domestic and international climate policy. Podesta will inherit a more favorable international climate landscape than Kerry did when he took the role in 2021. And Kerry prioritized restarting international climate talks between the US and China, after China abruptly halted cooperation over other geopolitical issues.
Persons: CNN — John Podesta, John Kerry, Podesta, Hillary Clinton’s, Biden, Barack Obama, integrally, Kerry, Jeff Zients, John Podesta, ” Zients, “ John, , ” Kerry, , , “ We’ve, Biden’s, John, “ He’s, Donald Trump, “ We’re Organizations: CNN, White, Democratic, White House, State Department, Biden White House, Obama, Dubai . White, COP28 Locations: Paris, Dubai ., Glasgow, Sharm el, Dubai, China
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