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☆ A showdown is brewing over money, oil and carbon. Here's what's at stake at the COP28 climate summit
▼ + stars: | 2023-11-29 | by ( Sam Meredith | ) www.cnbc.com time to read: +8 min

Global temperatures and greenhouse gas emissions continue to break records, with no continent left untouched by more frequent and intense extreme weather events. MoneyClimate finance is always a hotly debated talking point at the U.N. summit and COP28 promises to be no different. She anticipated three main debates around the use of oil, gas and coal — the burning of which is the chief driver of the climate crisis. "So, one is this 'phase out' or 'phase down' [of fossil fuels]. There is no credible scenario where CCS will allow continued use of fossil fuels, let alone expanding oil and gas.

Persons: Sean Gallup, HENRY NICHOLLS, Henry Nicholls, COP28, Alex Scott, Rich, Sultan al, Jaber, LUIS TATO, Luis Tato, Melanie Robinson, Robinson, Sultan Al Jaber, Francois Walschaerts Organizations: AG, Getty, United Arab Emirates, InterContinental, Fossil, Energy Intelligence, Afp, Organization for Economic Cooperation, Development, Getty Images, Abu, Abu Dhabi National Oil Company, Climate, World Resources Institute, CNBC, CCS Locations: Salzgitter, Germany, Dubai, Bonn, COP28, London, AFP, E3G, Egypt, COP27, UAE, Garissa, Africa, El Nino, Abu Dhabi, WRI, Brussels

☆ COP28: What you need to know about the 2023 climate summit in Dubai
▼ + stars: | 2023-11-20 | by ( Rachel Ramirez | ) edition.cnn.com time to read: +8 min

CNN —Tens of thousands of people are heading to Dubai in early December for COP28, the annual international climate summit convened by the United Nations. While the science behind human-caused climate change was still young, scientists knew even then it would be life-changing. The controversy at COP28The climate summit is hosted at a different location each year. “It tells us clearly that the world is not on track to achieve our global climate goals,” Melanie Robinson, the global climate program director for the World Resources Institute, told CNN. A major debate among the parties has been whether to “phase out” or “phase down” fossil fuels.

Persons: John Kerry, Ian Langsdon, —, United Arab Emirates —, Critics, Al Jaber, Britain's King Charles III, COP28, Sultan Ahmed al Jaber, Aaron Chown, John Kerry —, Al Jaber’s, King Charles III, Pope Francis, Joe Biden, China’s, Jinping, Biden, Xi, Larry Fink, It’s, ” Melanie Robinson, ” Robinson, “, Maya Siddiqui, Nate Warszawski, ”, CNN’s Ivana Kottasová Organizations: CNN, COP28, United Nations, Getty, UN, “ Conference, United, United Arab Emirates, Minister of State, Abu Dhabi National Oil Company, Buckingham Palace, US, Publishing, decarbonize, Wall, BlackRock, World Resources Institute, Bloomberg, World Bank Locations: Dubai, Le Bourget, Paris, AFP, Berlin, COP21, United Arab, UAE, Abu Dhabi, Buckingham, France, Germany, Japan, Hami city, Xinjiang province, China, Saudi Arabia, Syria, Russia, Iran, Israel, Egypt, COP27

☆ Coal use needs to be slashed seven times faster to meet emissions target, analysis finds
▼ + stars: | 2023-11-17 | by ( Anmar Frangoul | ) www.cnbc.com time to read: +4 min

Published Tuesday, the "State of Climate Action 2023" paints a sobering picture of the challenges that policymakers face as they gear up for the COP28 climate change summit in Dubai, United Arab Emirates at the end of November. Tuesday's report takes that 1.5 degrees goal and develops targets for 2030 and 2050 that align with it. The U.N. has previously noted that 1.5 degrees Celsius is viewed as being "the upper limit" when it comes to avoiding the worst consequences of climate change. "Despite decades of dire warnings and wake-up calls, our leaders have largely failed to mobilize climate action anywhere near the pace and scale needed," Boehm added. Nationally Determined Contributions, or NDCs, refer to individual countries' targets for cutting emissions and adapting to the effects of climate change.

Persons: Aditya Aji, Sophie Boehm, Boehm, tinker, Ani Dasgupta Organizations: AFP, Getty, United Arab Emirates, CNBC, World Resources Institute, UN, ClimateWorks, United Nations Locations: Indonesia, Dubai, United Arab, 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

Nearly 500 square kilometers (193 square miles) of rainforest were cleared in July, a significant fall from the 1,487 square kilometers (574 square miles) cleared last July. There has been a sharp decline in deforestation since Luiz Inacio Lula da Silva was inaugurated as president in January. Brazil’s environment minister, Marina Silva, said government policies, including increasing surveillance and fining perpetrators, has played a big role in bringing rates of deforestation down. The reduced rate of deforestation is positive news at a time when the Amazon remains critically vulnerable. In 2022 an area of global tropical forest the size of Switzerland was lost as forest destruction rose by 10% compared to the previous year, according to a recent report from the World Resources Institute’s (WRI) Global Forest Watch.

Persons: Luiz Inacio Lula da Silva, Lula, Jair, Marina Silva, ” Silva, Moraes Almeida, Nelson Almedia Organizations: CNN, Brazil’s National Institute for Space Research, Getty, Resources, Watch Locations: Brazilian, Para, Brazil, AFP, Belem, Switzerland

Despite a recent global pledge to reach zero deforestation by 2030, tropical forest loss last year exceeded 2021 levels. Global Forest Watch assessed 'primary forests', which includes mature forests that have not been cleared or regrown in recent history. The Democratic Republic of the Congo and Bolivia suffered the greatest losses of tropical forest after Brazil. The Global Forest Watch analysis found deforestation in 2022 was more than 10,000 sq km (3,900 sq miles) in excess of what would be needed to halt it by 2030. The world lost 10% less forest in 2022 than 2021, as fewer big fires burned in the Russian boreal forest, though the country still lost 43,000 sq km (16,600 sq miles) of tree cover last year.

Persons: Jair, Francis Seymour, Rod Taylor, Gloria Dickie, Clarence Fernandez Organizations: Global Forest Watch, World Resources Institute, University of Maryland, Watch, Democratic, Thomson Locations: Switzerland, Brazilian, Brazil, Indonesia, Malaysia, Democratic Republic of, Congo, Bolivia

☆ Rainforest destruction soared in 2022 despite global pledges to halt deforestation, new report finds
▼ + stars: | 2023-06-27 | by ( Caolán Magee | ) edition.cnn.com time to read: +4 min

CNN —The destruction of the world’s rainforests ramped up last year, despite global pledges to end deforestation by 2030, according to a new report. The country’s rate of forest loss rose 15% from 2021 to 2022. Bolivia saw a record-high level of primary forest loss last year, with a 32% increase compared to 2021. It came in third behind only Brazil and the Democratic Republic of the Congo for area of primary forest loss, the report found. Despite the global increase in deforestation, there has been a sharp reduction in forest loss in Indonesia and loss levels in Malaysia have remained low, according to the report.

Persons: Luiz Inacio Lula da Silva, Gustavo Moreno, Jair Bolsonaro’s, Luiz Inácio Lula da Silva, Boris Johnson, Jane Barlow, Rod Taylor, ” Organizations: CNN, World Resources, Watch, University of Maryland, Democratic, UN, WRI’s Locations: Switzerland, Brazil, Democratic Republic of Congo, Ghana, Bolivia, Democratic Republic of, Congo, Glasgow, Indonesia, Malaysia

☆ Cash and carbon cuts stall UN climate talks — setting the stage for a 'huge fight' at COP28
▼ + stars: | 2023-06-16 | by ( Sam Meredith | ) www.cnbc.com time to read: +2 min

Simon Stiell, Executive Secretary of the United Nations Framework Convention on Climate Change (UNFCCC) looks on during the opening session at the UNFCCC SB58 Bonn Climate Change Conference on June 05, 2023 in Bonn, Germany. The Bonn Climate Change Conference, which wrapped late Thursday, is designed to prepare decisions for adoption at the COP28 summit in the United Arab Emirates later this year. For many at the two-week-long event, the lack of progress on issues such as climate finance and the pace of cuts in carbon pollution left a lot to be desired. The UAE, the third-largest oil-producing member of the Organization of the Petroleum Exporting Countries, will host the COP28 summit from Nov. 30 to Dec. 12. WRI's Waskow said that, while the thorny issue of climate finance was not on the official agenda, "it clearly cast a shadow over the negotiations."

Persons: Simon Stiell, David Waskow, Waskow, WRI's Waskow Organizations: United Nations, Change, United Arab, World Resources Institute, Organization of, Petroleum Locations: Bonn, Germany, United Arab Emirates, UAE, Paris, Dubai

☆ Viral fast-food hacks, like the Chipotle 'fajita quesadilla,' prove American appetites haven't caught up to the climate crisis
▼ + stars: | 2023-04-03 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +12 min

The TikTok creator, known for reviewing fast-food staples, posted last summer about leveling up Chipotle's steak quesadilla with fajita veggies. Nathan Llorin, another popular TikToker, told Insider that it wasn't until he started eating and reviewing fast food that his videos took off. A climate message for menusIn January, research showed that labeling fast-food menus with their climate impacts swayed people away from red meat. But about 10% of customers now choose a meatless option, including Sofritas, the chain's plant-based mainstay made from tofu. Frost, the TikToker, told Insider that of all the things viewers attack her for on the platform, the environmental impact of fast food isn't among them.

☆ Here's what makes cybersecurity giant Palo Alto Networks tick and why we like the stock so much
▼ + stars: | 2023-03-06 | by ( Zev Fima | ) www.cnbc.com time to read: +22 min

Palo Alto Networks (PANW) last month had its best single trading day in about a year, exactly one week after the next-generation cybersecurity company became our newest Investing Club holding. Why Palo Alto Networks? PANW YTD mountain Palo Alto Networks (PANW) 1-year performance Palo Alto Networks is a great way to play a secular growth industry. Taking all of these segments together, Palo Alto Networks is a company capable of delivering on every aspect of cybersecurity under one roof. Palo Alto Networks' ESG practices, meanwhile, are overseen by the ESG and Nominating Committee, which provides counsel to the board in these matters.

The outcome of Brazil's presidential election Sunday is being hailed as a crucial victory for global climate, with experts saying the country now has an opportunity to curb rampant deforestation of the Amazon rainforest and jump-start a green economy. The 77-year-old has vowed to fight Amazon deforestation and crack down on illegal gold miners, loggers and ranchers who have invaded indigenous land and caused widespread environmental destruction. “Brazil is ready to retake its leadership in the fight against the climate crisis,” Lula said in a victory speech in Sao Paulo, according to Reuters. The vast Amazon rainforest plays a critical role as a carbon sink, absorbing carbon dioxide from the atmosphere and releasing oxygen. The findings added new urgency to restore balance to the Amazon and avert the worst consequences of climate change.

☆ 'Massive gaps' seen in countries' plans to tackle climate change -study
▼ + stars: | 2022-10-19 | by ( Timothy Gardner | ) www.reuters.com time to read: +3 min

The 2015 pact launched at a U.N. global climate summit requires 194 countries to detail their plans to fight climate change in what are known as nationally determined contributions, or NDCs. In pledges made through September, the NDCs would reduce global emissions of greenhouse gases only 7% from 2019 levels by 2030, said the report titled "The State of NDCs: 2022." It was written by the World Resources Institute (WRI) global nonprofit research group. She added that the COVID-19 pandemic and economic woes may have mostly capped countries' ambitions to boost their NDCs since 2021. Countries in the Paris Agreement are required to update their NDCs by 2025.

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