Your morning cup of tea may never taste the same again if global heating increases and the climate crisis intensifies, according to research.
Some of the world’s biggest tea-growing areas will be among the worst hit by extreme weather, and their yields are likely to be vastly reduced in the coming decades if climate breakdown continues at its current pace.
NASA’s new fleet of satellites will offer insights into the wild cards of climate change
NASA is about to announce its next generation of Earth-observing satellites. As soon as this month, it will lay out preliminary plans for a multibillion-dollar set of missions that will launch later this decade. This “Earth system observatory,” as NASA calls it, will offer insights into two long-standing wild cards of climate change—clouds and aerosols—while providing new details about the temperatures and chemistry of the planet’s changing surface.
Australian regulator issues long-awaited climate risk guidance
Australia’s prudential regulator unveiled long-awaited guidance for banks, insurers and pension funds on managing and disclosing climate-related risks, including physical, transition and liability exposures. Issuing a draft version for consultation, the Australian Prudential Regulation Authority (APRA) said the guidance paper did not create new requirements or obligations, but gave more clarity about its expectations.
ESG, the abbreviation that has taken the investment world by storm over the last few years, is plagued by vague use of terminology, untargeted solutions, and half-hearted commitments. The term’s use by the investment community has increasingly become one of form over substance: too often claims of ‘responsible’ behaviour matter more than evidence. Does loose interpretation and implementation of the term do more harm than good for the sustainable investment movement and thereby hinder the efficient reallocation of capital?
We could spray the atmosphere with particles that reflect sunlight or fertilize algae to grow and take up more CO2. We could release minerals that react with CO2or capture the gas directly from the air. These are some of the geoengineering techniques suggested to dampen the temperature increase caused by humans.
Around the globe, a third of all professionally managed assets, or roughly USD$30 trillion, are now subject to environmental, social, and governance (ESG) criteria, which represents an increase of more than 30% since 2016.1 ESG concerns continue to gain importance in Canada. In particular, sustainable finance has also gained tremendous momentum and institutionalization in the investment, capital markets, and lending communities.