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☆ A multitrillion-dollar carbon bubble? Climate chief warns world leaders over fossil fuel plans
  + stars: | 2023-08-16 | by ( Sam Meredith | ) www.cnbc.com   time to read: +7 min
The message from the world's leading climate scientists in April last year was that a substantial reduction in fossil fuel use will be necessary to curb global heating. The burning of fossil fuels such as coal, oil and gas is the chief driver of the crisis. Indeed, the IPCC said that current fossil fuel use was already more than the planet could handle and additional projects were destined to lock in even greater emissions with devastating consequences. The U.N. climate panel also estimated that fossil fuel investors could be at risk of losing between $1 trillion and $4 trillion if governments act to limit global temperature rise. Despite this, some of the world's richest nations, such as the U.S. and China, have cited energy security as a reason for investing in additional fossil fuel projects.
Persons: Jim Skea, Fabrice Coffrini, Skea, We've, Fethi Belaid, Hoesung Lee, Rishi Sunak's, Danny Lawson, Biden, Mario Tama Organizations: Afp, Getty, CNBC, South, Imperial College London, Greenpeace, United Arab, Social, Trans, Trans Alaska Pipeline System, National Petroleum Reserve Locations: Algeria, Europe, North Africa, East, Asia, staving, China, Ukraine, Paris, Richmond , North Yorkshire, United Arab Emirates, Trans Alaska, Alaska, Delta Junction
☆ 'Climate time bomb ticking', emissions must urgently be cut, UN chief says
  + stars: | 2023-03-20 | by ( David Stanway | ) www.reuters.com   time to read: +2 min
March 20 (Reuters) - U.N. Secretary General Antonio Guterres warned that the "climate time bomb is ticking" as he urged rich nations on Monday to slash emissions sooner after a new assessment from scientists said there was little time to lose in tackling climate change. "The rate of temperature rise in the last half century is the highest in 2,000 years," he said. The synthesis report summarised findings from three expert assessments published between 2021 and 2022 that looked at the physical science, impacts, and mitigation of climate change. The summary report is designed to provide clarity for policymakers as they consider further action to slash emissions. The document will also serve as a guide for a global climate change "stocktake" set to take place this year, in which countries will assess progress.
☆ World’s top climate scientists issue ‘survival guide for humanity,’ call for major course correction
  + stars: | 2023-03-20 | by ( Sam Meredith | ) www.cnbc.com   time to read: +6 min
The 1.5 degrees Celsius temperature threshold is widely recognized as crucial because so-called tipping points become more likely beyond this level. In short, our world needs climate action on all fronts — everything, everywhere, all at once. But it will take a quantum leap in climate action." He added, "In short, our world needs climate action on all fronts — everything, everywhere, all at once." "Climate justice is crucial because those who have contributed least to climate change are being disproportionately affected," said Aditi Mukherji, one of the 93 authors of this Synthesis Report.
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