Climate change is causing “lake heatwaves” to become more frequent, intense and long-lasting, a new study warns.
The research, published in Nature, finds that lake heatwaves could become between three and 12 times longer by the end of this century – and between 0.3C and 1.7C hotter.
The authors warn that, as lake temperatures increase, heatwaves of the past “will no longer be extreme and will become the new normal”. In some cases, even under a low-emissions scenario, there will be lakes that reach a “permanent heatwave state” by the end of the century.
The Federal Reserve will create a committee dedicated to understanding the ways climate change could upend the global financial system, a top official announced Tuesday.
Fed Governor Lael Brainard said in a Tuesday speech that the central bank’s new Financial Stability Climate Committee (FSCC) will focus on the potential threats climate change can pose to the broader financial world.
The cause of climate change has been an unlikely winner from the coronavirus pandemic. The health crisis has proved a wake-up call to governments and companies of the perils of ignoring external risks and undervaluing resilience. Experts have long warned of the consequences of global warming and there is hope that 2021 will be a pivotal year in the fight against it. The past few months have seen an explosion in the number of companies promoting their environmental, social and governance standards. Big money, too, is driving this ESG agenda. Larry Fink, the chief executive of BlackRock, used his annual letter to business leaders last month to warn that the world’s largest asset manager would push companies to achieve net zero emissions by 2050.