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☆ Last month was the planet’s hottest June on record by a huge margin
▼ + stars: | 2023-07-06 | by ( Rachel Ramirez | ) edition.cnn.com time to read: +4 min

The analysis from the European Union’s Copernicus Climate Change Service found that last month was the planet’s hottest June by a “substantial margin” above the previous record, which was set in 2019. The nine hottest Junes have all occurred in the last nine years, according to the agency – evidence the human-caused climate crisis is driving temperatures to unprecedented levels. This is exactly what global warming looks like.”Scientists have warned that these record temperatures bear the fingerprints of the climate crisis. Northwest Europe experienced record-breaking temperatures last, including the UK, which logged its hottest June on record, according to the UK Met Office. “The ocean warming is even more concerning because as the oceans warm, they expand, which means higher sea levels, larger storms surges and more flooding of coastal communities,” Marlon said.

Persons: Copernicus, ” Jennifer Marlon, “, Greenlee Beal, El Niño, ” Marlon, — Organizations: CNN, Southern, Yale School of Environment, Northwest, UK Met Office, Reuters, Climate, Atlantic Locations: Southern US, Mexico, El, Pacific, Northwest Europe, Canada, United States, Asia, Australia, Texas, Central America, Ireland, Baltic, Europe, Iceland, Russia, Turkey, Kosovo, Romania, Scandinavia, America, Horn of Africa, South America, Antarctica

☆ Rice to get costlier as weather, India's farm perks threaten supply
▼ + stars: | 2023-07-06 | by ( Rajendra Jadhav | ) www.reuters.com time to read: +5 min

"As Indian prices moved up because of the new minimum support price, other suppliers also started raising prices." Yet even before the weather phenomenon can disrupt production, the global rice price index of the Food and Agriculture Organization hovers above an 11-year high. The price of Indian rice exports has jumped 9% to a five-year high, following a hike of 7% last month in the price the government pays farmers for new-season common rice. "Rice prices have already been rising due to limited supplies," added Olam's Gupta. Last month Indonesia signed a rare pact with India to import 1 million tons if El Nino disrupts domestic supply.

Persons: El Nino, Krishna Rao, REA, Rice, El, Nitin Gupta, Gupta, Rosa Wang, Narendra Modi's, Modi, Himanshu Agarwal, Rajendra Jadhav, Qin Ningwei, Tony Munroe, Clarence Fernandez Organizations: Rice, Association, Reuters, El, Food and Agriculture Organization, U.S . Department of Agriculture, El Nino, Reuters Graphics, Shanghai JC Intelligence, Narendra Modi's Bharatiya Janata Party, BJP, Satyam Balajee, Vietnam, Thomson Locations: MUMBAI, India, Ukraine, Asia, Bangladesh, China, Indonesia, Thailand, Vietnam, New Delhi, Singapore, Myanmar, Pakistan, Indian, Philippines

☆ India expects EU carbon tax to hit exports of steel, iron ore and cement
▼ + stars: | 2023-07-06 | by ( Aftab Ahmed | ) www.reuters.com time to read: +2 min

[1/4] An employee works inside a steel factory in the northern Indian city of Lucknow June 11, 2010. REUTERS/Pawan KumarNEW DELHI, July 6 (Reuters) - Already facing subdued demand from developed nations, India's exports are likely to be hit by the European Union's 20% to 35% tariffs on high-carbon goods like steel, iron ore and cement, the finance ministry said in a report released on Thursday. Reporting of carbon content in exports to the EU would be required beginning Oct. 1, 2023, and the main goods affected would be steel, cement, aluminium, fertilisers, electricity and hydrogen. "The impending downside risks to India’s exports include the European Union’s introduction of the Carbon Border Adjustment Mechanism," the finance ministry said in its annual economic report. India's merchandise trade deficit rose faster-than-expected in May to $22.12 billion, up from $15.24 billion in April, due to reduced demand for Indian exports from developed countries.

Persons: Pawan Kumar, Aftab Ahmed, Shivam Patel, Clarence Fernandez, Simon Cameron, Moore Organizations: REUTERS, El, Thomson Locations: Indian, Lucknow, DELHI, EU

☆ Record ocean temperatures lift Atlantic hurricane outlook
▼ + stars: | 2023-07-06 | by ( ) www.reuters.com time to read: +2 min

July 6 (Reuters) - Forecasters at Colorado State University for a second time raised their estimate for tropical storms during this year's Atlantic hurricane season, citing record warm sea surface temperatures. The group had last month raised its outlook to a near-normal season and number of storms. "Most of the tropical and subtropical Atlantic now has record warm sea surface temperatures," Colorado State's Tropical Meteorology and Climate Research group said in its latest update. The effect of El Nino, a weather phenomenon that suppresses Atlantic hurricane activity, this year has been offset by very hot ocean waters. "The high chance of a robust El Nino is why CSU's hurricane forecast is not for every more activity," wrote CSU researcher Phil Klotzbach.

Persons: El, Phil Klotzbach, CSU's, Gary McWilliams, Marguerita Choy, David Holmes, Conor Humphries Organizations: Colorado State University, Climate Research, CSU, El Nino, U.S . National Oceanic, Atmospheric Administration, Thomson Locations: Colorado

☆ CNBC Daily Open: Prepare for higher rates
▼ + stars: | 2023-07-06 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. More hikes, but slowerAlmost all Federal Reserve members expect more interest rate hikes at upcoming Federal Open Market Committee meetings, according to minutes of June's meeting. Scientists warn that 2024 could be the first year the planet's temperature rises 1.5 degrees Celsius above pre-industrial levels. The release of Threads seems timely — Twitter recently limited the number of posts users can view per day, drawing complaints from many Twitter users.

Persons: Jerome Powell Organizations: Federal Reserve, Central Bank, Central Banking, CNBC, Treasury, University of Maine's, El, Twitter Meta, Twitter, Big Tech, Bank of America Locations: United States, Sintra , Portugal

☆ Column: Hottest day on record puts fresh focus on top CO2 emitters
▼ + stars: | 2023-07-06 | by ( Gavin Maguire | Thomson Reuters | Gavin Maguire Is The Global Energy Transition Columnist. He Was Previously Asia Commodities | ) www.reuters.com time to read: +4 min

July 6 (Reuters) - The world's largest emitters of carbon dioxide (CO2) and other greenhouse gases are coming under fresh scrutiny after global temperatures averaged 17.01 degrees Celsius (62.62 Fahrenheit) on Monday, the highest ever recorded. PRESSURE POINTSChina, the world's single largest CO2 polluter since 2005, has come under particular scrutiny after the country generated over 30% of global CO2 discharge in 2022, according to the Energy Institute Statistical Review of World Energy. CO2 emissions by key region since 1990India, already the world's third largest CO2 polluter in 2022, is seen increasing total CO2 discharge until 2040, while CO2 emissions in Indonesia - the seventh largest polluter last year - may not peak until 2050. Brazil, number 13 on the CO2 list in 2022, also looks set to keep CO2 discharge totals climbing over the coming years. However, each nation also has aggressive plans for reducing energy sector emissions and lowering reliance on fossil fuels.

Persons: Gavin Maguire, Kim Coghill Organizations: El, Energy Institute, World Energy, Centre for Research, Energy, Clean, Oxford Economics, Reuters, Thomson Locations: South, Southeast Asia, Northern China, North Africa, North America, El Nino, China, Japan, South Korea, United States, Germany, Europe's, North East Asia, South East Asia, India, Indonesia, Brazil, Turkey, Nigeria, Egypt, Mexico, The Philippines

☆ Heat Records Fall Around the Globe as Earth Warms, Fast
▼ + stars: | 2023-07-06 | by ( Brad Plumer | More About Brad Plumer | ) www.nytimes.com time to read: +1 min

On Tuesday, global average temperatures rose to a new high of 62.9 degrees Fahrenheit. But, he added, there may be other factors layered on top of human-caused warming that have helped drive temperatures up so dramatically in recent months. For instance, a cyclical phenomenon in the Pacific Ocean known as the El Niño-Southern Oscillation causes year-to-year fluctuations by shifting heat in and out of deeper ocean layers. Global surface temperatures tend to be somewhat cooler during La Niña years and somewhat hotter during El Niño years. “A big reason we’re seeing so many records shattered is that we’re transitioning out of an unusually long three-year La Niña, which suppressed temperatures a bit, and into a strong El Niño,” Dr. Hausfather said.

Persons: Zeke Hausfather, El, “, Hausfather Organizations: Service, Berkeley, Southern

Summary June annual inflation slowest since AprilRisks to inflation tilted to the upside - central bankSlower June inflation supports rate pause expectationsMANILA, July 5 (Reuters) - Philippine annual inflation eased for a fifth straight month in June, supporting expectations the central bank will keep rates unchanged for longer as food and transport cost pressures ease. The central bank, however, noted inflation risks remained tilted to the upside due to the potential impact of El Nino dry weather conditions and wage increases. Last month's inflation rate, which was below the 5.5% forecast in a Reuters poll, brought the year-to-date average to 7.2%. It next meets on Aug. 17 under newly appointed BSP Governor Eli Remolona, who took the helm of the central bank on July 3. ING Economist Nicholas Mapa said in a tweet that moderating price pressures give the central bank space to extend the pause and keep rates steady for now.

Persons: Eli Remolona, Nicholas Mapa, Karen Lema, Enrico Dela Cruz, Martin Petty, Jacqueline Wong Organizations: El, ng Pilipinas, ING, Thomson Locations: MANILA, El Nino

☆ World registers hottest day since records began — with fresh highs expected in the coming weeks
▼ + stars: | 2023-07-05 | by ( Sam Meredith | ) www.cnbc.com time to read: +2 min

Beijing recorded its third consecutive day of 40 degree Celsius weather, the first time since records began. The world's average temperature climbed to its highest level since records began on Tuesday, according to provisional data from U.S. researchers, underscoring the pressing need to slash greenhouse gas emissions fueling the climate emergency. The milestone comes just one day after global average temperatures topped 17 degrees Celsius for the first time in 44 years, when the data was first collected. The previous record of 16.92 degrees Celsius had stood since Aug. 14, 2016 — the warmest year ever recorded. "Do you remember yesterday's global surface air temperature record?

Persons: Bill McGuire, Leon Simons Organizations: Forbidden, University of Maine's, University College London, Twitter Locations: Beijing, U.S, China, Mexico

☆ El Niño + climate change = heat records
▼ + stars: | 2023-07-05 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +6 min

CNN —Climate change combined with this year’s El Niño set a new world record for worldwide heat on Tuesday – 62.92 degrees Fahrenheit or 17.18 degrees Celsius. The WMO declared the onset of an El Niño Tuesday and warned governments to prepare for more extreme weather events as a result. This will be the first El Niño in seven years. The last very strong El Niño year – 2016 – also saw the previous record for worldwide heat that August. “It is El Niño on top of decades of human emissions of greenhouse gases.”There is no turning back, he said, but humans can likely slow the change.

Persons: Niño, –, It’s, Bill Weir, we’re, ”, ” Weir, John Abraham, Thomas, Weir, ” Abraham, Abraham, “ Organizations: CNN, National Centers, Environmental, World Meteorological Organization, United Nations, WMO, El, CNN International, University of St, Reuters Locations: Switzerland, Americas, Africa, Quebec, Miami, Minnesota, El, ”

☆ Extreme weather in Latin America unlocks vicious cycle that further fuels climate dangers
▼ + stars: | 2023-07-05 | by ( Nelson Acosta | ) www.reuters.com time to read: +2 min

HAVANA, July 5 (Reuters) - Extreme weather is wreaking havoc across Latin America, racking up billions worth of damage and unleashing a vicious cycle that leads to higher demand for fossil fuels and more climate change, the World Meteorological Organization said on Wednesday. Temperatures have warmed an average 0.2 degree Celsius per decade over the past 30 years – the highest rate on record, according to the State of the Climate in Latin America and the Caribbean 2022 report. As temperatures rise, extreme weather events become more common, with often unexpected consequences that stoke climate change, the report said. “Many of the extreme events were influenced by the long-running La Nina but also bore the hallmark of human-induced climate change," said WMO Secretary-General Petteri Taalas. "We are facing increasingly strong impacts from climate change, but the decisions adopted in climate negotiations for the implementation of the Paris Agreement do not advance at the same rate," she said.

Persons: Petteri Taalas, Daniel Becerril, Elba Rosa Perez, Nelson Acosta, Dave Sherwood, Marguerita Choy Organizations: World Meteorological Organization, stoke, Nina, REUTERS, El Nino, for Research, Meteorological Institute, Environment, Development, Thomson Locations: HAVANA, America, Latin America, Caribbean, South America, Monterrey, Mexico, El, Havana, China, Cuba, Paris

☆ CNBC Daily Open: The sun rises on Japan
▼ + stars: | 2023-07-05 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Philip Fong | Afp | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayU.S. markets on holidayU.S. markets were closed yesterday for the Fourth of July holiday, while futures were little changed on Tuesday night. Inflation exceptionalismThe U.K. is the only G7 country where inflation is still rising, according to data from the Organization for Economic Cooperation and Development. The sky's the limitAround 30% of the flights operated by U.S. airlines were delayed between June 24 through July 2.

Persons: Philip Fong, Abu Dhabi's, Xi Jinping, aren't, Niño, El Niño Organizations: Tokyo, Mount, Afp, Getty, CNBC, Organization for Economic Cooperation, Development, U.S, aren't fazed, World Meteorological Organization Locations: Mount Fuji, Ichikawa city, Chiba prefecture, Tokyo, China, Beijing, U.S

☆ The planet saw its hottest day ever this week. The record will be broken again and again
▼ + stars: | 2023-07-05 | by ( Laura Paddison | ) edition.cnn.com time to read: +3 min

CNN —This week saw the hottest global temperature ever recorded, according to data from the US National Centers for Environmental Prediction. On Monday, the average global temperature reached 17.01 degrees Celsius (62.62 Fahrenheit), the highest since records began. On Tuesday, it climbed even further, to reach 17.18 degrees Celsius. The average temperature for the month was 15.8 degrees Celsius (60.4 Fahrenheit), breaking the previous record by 0.9 degree Celsius. The new global average temperature record is another wake-up call, Otto told CNN.

Persons: Robert Rohde, It’s, ”, Friederike Otto, ” Paul Davies, Otto Organizations: CNN, US National Centers for Environmental, El, Grantham Institute, Climate, Met Office Locations: Berkeley, Texas, Mexico, India, Bihar, China

☆ El Niño is here and the world must prepare for more extreme heat, UN weather agency warns
▼ + stars: | 2023-07-05 | by ( Helen Regan | ) edition.cnn.com time to read: +4 min

The WMO said there was a 90% probability of El Niño continuing during the second half of 2023 at moderate strength. Along with increased ocean warming, El Niño events are usually associated with increased rainfall in parts of southern South America, the southern United States, the Horn of Africa and central Asia. In India, a major rice producing nation, El Niño can weaken the monsoon that brings the rainfall the country relies on to fill aquifers and grow crops. El Niño this year could also dent US economic growth, potentially impacting everything from food prices to winter clothing sales, a recent study found. The study attributed $5.7 trillion in global income losses to the 1997-98 El Niño and $4.1 trillion in losses to the 1982-83 El Niño.

Persons: El Niño, El, ”, Petteri Taalas, Niño, Chris Hewitt, “ Organizations: CNN, World Meteorological Organization, WMO, United Nations, El Locations: El, South America, United States, of Africa, Asia, Australia, Indonesia, Central America, Pacific, India, Paris, Europe, Americas

☆ Third quarter is a key time for extreme weather events. Here's what to expect for exposed stocks
▼ + stars: | 2023-07-04 | by ( Alex Harring | ) www.cnbc.com time to read: +7 min

The third quarter is a key time for extreme weather events. An El Niño weather pattern is widely expected for 2023. "Following three years of La Niña, climate scientists expect 2023 to have El Niño conditions with near-100% certainty given current signals," Karp said in a note to clients last month. Insurers are also among the stocks to typically move in relation to extreme weather events. This year should be a fairly typical one for hurricanes, as El Niño is typically linked to a less severe season.

Persons: Nature, —, Sophie Karp, La, Karp, El, bode, Morgan Stanley, Andrei Stadnik, Stadnik, Matthew Carletti doesn't, hasn't, Jefferies, Yaron Kinar, Brown, Arthur J, Gallagher, Aon, Niño, Generac, Aaron Jagdfeld, Bob Huang, bullish, — CNBC's Michael Bloom Organizations: National Oceanic, Atmospheric Administration, Energy, DTE Energy, WEC Energy, CNBC Pro's, WEC, Xcel Energy, Portland General Electric, Edison International, CenterPoint, Southern Company, Duke Energy, Nextera Energy, El, Insurance Australia Group, Suncorp, Arch Capital, Everest Re, Bloomberg, Arch Locations: El, Canada, U.S, Gulf, Pacific Northwest, California, Michigan, Avista, Portland, American, Mexico, CenterPoint Energy, Bermuda, Texas

☆ El Nino will brew up potent new economic storm
▼ + stars: | 2023-07-04 | by ( Antony Currie | ) www.reuters.com time to read: +8 min

It looks likely that the El Nino weather phenomenon has returned, according to both the U.S. National Oceanographic and Atmospheric Administration and the Australian Bureau of Meteorology. Reuters GraphicsBy one reckoning, a single El Nino event might seem manageable. The direct impact of El Nino- and La Nina-affected weather on sowing, growing and harvesting is not the only economic consideration. On June 8 the U.S. National Oceanographic and Atmospheric Administration’s Climate Prediction Center issued an advisory that El Nino conditions “are present and are expected to gradually strengthen into the Northern Hemisphere winter”. The highest temperature reached in any past El Nino was 2.6 degrees Celsius above average in 2016.

Persons: El, Nina, Gabrielle, It’s, there’s, Peter Thal Larsen, Katrina Hamlin, Thomas Shum Organizations: MELBOURNE, Reuters, El, U.S . National Oceanographic, Atmospheric Administration, Australian, of Meteorology, International Monetary Fund, University of Dartmouth, El Nino, Nina, Rabobank, Barclays, World Meteorological Organisation, Center, Thomson Locations: India, Thailand, Vietnam, El Nino, Brazil, Indonesia, Mexico, Europe, China, Southeast Asia, United States, Oceania, Australia, Western Australia, Delhi, Ukraine

July 4 - Monday, July 3, was the hottest day ever recorded globally, according to data from the U.S. National Centers for Environmental Prediction. The average global temperature reached 17.01 degrees Celsius (62.62 Fahrenheit), surpassing the August 2016 record of 16.92C (62.46F) as heatwaves sizzled around the world. Ukraine's Vernadsky Research Base in the white continent's Argentine Islands recently broke its July temperature record with 8.7C (47.6F). "This is not a milestone we should be celebrating," said climate scientist Friederike Otto of the Grantham Institute for Climate Change and the Environment at Britain's Imperial College London. Scientists said climate change, combined with an emerging El Nino pattern, were to blame.

Persons: Friederike Otto of, Zeke Hausfather, Gloria Dickie, Mark Potter Organizations: U.S . National Centers for Environmental, Vernadsky Research, Argentine Islands, Grantham Institute, Climate, Britain's Imperial College London, El Nino, Thomson Locations: U.S, China, North Africa, Antarctica, Argentine, El, Berkeley

☆ Temperatures seen surging as El Nino weather pattern returns
▼ + stars: | 2023-07-04 | by ( Gabrielle Tétrault-Farber | ) www.reuters.com time to read: +2 min

El Nino, a warming of water surface temperatures in the eastern and central Pacific Ocean, is linked to extreme weather conditions from tropical cyclones to heavy rainfall to severe droughts. The world's hottest year on record, 2016, coincided with a strong El Nino - though experts says climate change has fuelled extreme temperatures even in years without the phenomenon. The World Health Organization said last month it was preparing for an increased spread of viral diseases such as dengue, Zika and chikungunya linked to El Nino. During El Nino, winds blowing west along the equator slow down, and warm water is pushed east, creating warmer surface ocean temperatures. In the past, it has caused severe droughts in Australia, Indonesia, parts of southern Asia, Central America and northern South America.

Persons: El, Maria Neira, Gabrielle Tétrault, Farber, Andrew Heavens, Alex Richardson, Christina Fincher Organizations: WHO, El, World Meteorological Organization, El Nino, WMO, Prediction Service, World Health Organization, Environment, Health, Thomson Locations: GENEVA, Pacific, Geneva, South America, United States, of Africa, Central Asia, Australia, Indonesia, Asia, Central America

☆ Breakingviews: El Nino will brew up potent new economic storm
▼ + stars: | 2023-07-04 | by ( Antony Currie | ) www.reuters.com time to read: +8 min

☆ El Niño has officially begun. UN says phenomenon likely to threaten lives, break temperature records
▼ + stars: | 2023-07-04 | by ( Sam Meredith | ) www.cnbc.com time to read: +1 min

Japan experienced its warmest spring on record this year, the national weather agency said June 1, as greenhouse gasses and El Niño combine to send temperatures soaring worldwide. El Niño has arrived. The U.N. weather agency on Tuesday declared the onset of the major climate phenomenon, warning its return paves the way for a likely spike in global temperatures and extreme weather conditions. "Early warnings and anticipatory action of extreme weather events associated with this major climate phenomenon are vital to save lives and livelihoods." The update follows a report from the National Oceanic and Atmospheric Administration in early June, which said El Niño conditions were present and "expected to gradually strengthen into the Northern Hemisphere winter."

Persons: Niño, El, Petteri Taalas Organizations: World Meteorological Organization, El, WMO, National Oceanic, Atmospheric Administration Locations: Japan, El

☆ China beats its own record for hot days over six months
▼ + stars: | 2023-07-03 | by ( Nectar Gan | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —China has registered the highest number of hot days over six months since records began, according to authorities, as the country confronts another record-breaking summer of blistering heat. The national average was calculated from the number of high temperature days recorded by weather stations across the country. Northern China, a heavily populated region with hundreds of millions of residents, has been particularly hard hit, with more heat waves expected in coming weeks. So far this year, Shijiazhuang, the capital of Hebei province, has seen 17 high temperature days, followed by Beijing’s 14 days. As the climate crisis intensifies, scientists say dangerous, record heat waves are set to become more frequent and more severe.

Persons: Beijing’s, Sheng Jiapeng, Zhou Bing, El Nino, ” Zhou Organizations: Hong Kong CNN, National Climate Center, Museum, China News Service, Climate Center, China Meteorological Administration, Times, El Nino, El, Xinhua Locations: Hong Kong, China, Northern China, Shijiazhuang, Hebei province, Beijing, Sichuan

☆ India's monsoon rains cover entire country, still lower than average
▼ + stars: | 2023-07-02 | by ( ) www.reuters.com time to read: +1 min

MUMBAI, July 2 (Reuters) - India's annual monsoon covered the entire country on Sunday, six days earlier than usual, the state-run weather office said, but rain totals are 10% below average so far this season. The monsoon, the lifeblood of India's $3 trillion economy, delivers much needed water to farms and restocks reservoirs and aquifers. In a typical year, rains usually lash Kerala state, on India's southwest coast, from around June 1 and move northwards to cover the entire country by July 8. However, the monsoon made quick progress this week and has now covered the entire country, the India Meteorological Department (IMD) said. Bountiful monsoon rains in July would ease concerns about the output of summer crops, promising higher incomes in the countryside where most Indians live.

Persons: Rajendra Jadhav, Elaine Hardcastle Organizations: India Meteorological Department, El, IMD, Thomson Locations: MUMBAI, Kerala, India's, India

☆ What the stock market is saying about when to expect a recession
▼ + stars: | 2023-07-02 | by ( Krystal Hur | ) edition.cnn.com time to read: +7 min

As the economy proved more resilient than expected, and the US has avoided recession so far, the case for a 2023 recession has been crumbling. The stock market, which entered bull market territory just a few weeks ago, has shown little sign this year that the economy could be headed for a downturn. Still, the bond market tells a different story: The New York Federal Reserve’s recession probability model calculates the probability that the US will enter a recession in the next 12 months by tracking the spread of 3-month and 10-year Treasury yields. US stock market closes early at 1 p.m. Tuesday: US stock market closed for July Fourth.

Persons: Brian Moynihan, “ We’re, ”, David Grecsek, Jerome Powell, it’s, “ we’re, Russell, Outflows, Brian Mulberry, Tim Courtney, Courtney ., “, Niño, Samantha Delouya, El Organizations: CNN Business, Bell, New York CNN —, Federal Reserve, Bank of America, CNN, Vanguard, JPMorgan Chase, Investors, Fed, Investment Company Institute, Zacks Investment Management, New, Federal Reserve Bank of San, Exencial Wealth, Oceanic, Atmospheric Administration, NOAA, PMI, Labor Locations: New York, Federal Reserve Bank of San Francisco, El

☆ World hits record land, sea temperatures as climate change fuels 2023 extremes
▼ + stars: | 2023-06-30 | by ( David Stanway | ) www.reuters.com time to read: +5 min

Sea temperatures also broke April and May records. Global average sea surface temperatures hit 21C in late March and have remained at record levels for the time of year throughout April and May. Australia's weather agency warned that Pacific and Indian ocean sea temperatures could be 3C warmer than normal by October. Though this year's high sea temperatures are caused by a "perfect combination" of circumstances, the ecological impact could endure, she said. The Worldwide Fund for Nature, however, warned of a "worrying lack of momentum" during climate talks in Bonn this month, with little progress made on key issues like fossil fuels and finance ahead of November's COP28 climate talks in Dubai.

Persons: Cpl Marc, Andre Leclerc, Kerry, Sarah Perkins, Kirkpatrick, Piers Forster, El Nino, Annalisa Bracco, Li Shuo, John Kerry, Li, David Stanway, Ali Withers, Gloria Dickie, Jamie Freed Organizations: Canadian Forces, REUTERS, EU, Australia's University of New, U.S ., World Meteorological Organization, El Nino, University of Leeds, Georgia Institute of Technology, DUBAI, The, Nature, Thomson Locations: Mistissini, Quebec, Canada, Beijing, SINGAPORE, Bonn, Australia's University of New South Wales, United States, North America, U.S . East Coast, India, Spain, Iran, Vietnam, Paris, 1.5C, California, Africa, November's, Dubai, China, Copenhagen, London

☆ Climate nears point of no return as land, sea temperatures break records, experts say
▼ + stars: | 2023-06-30 | by ( David Stanway | ) www.reuters.com time to read: +5 min

Persons: Kerry, Sarah Perkins, Kirkpatrick, Piers Forster, El Nino, Annalisa Bracco, Li Shuo, John Kerry, Li, David Stanway, Ali Withers, Gloria Dickie, Jamie Freed Organizations: EU, Australia's University of New, U.S ., World Meteorological Organization, El Nino, University of Leeds, Georgia Institute of Technology, DUBAI, The, Nature, Thomson Locations: Beijing, SINGAPORE, Bonn, Australia's University of New South Wales, United States, North America, Canada, U.S . East Coast, India, Spain, Iran, Vietnam, Paris, 1.5C, California, Africa, November's, Dubai, China, Copenhagen, London

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