There are prudential and financial stability risks associated with climate change and the transition to a sustainable economy which must be prioritized – something at the fore of the Central Bank’s approach to implementing the Environmental, Social and Governance (ESG) regulatory framework.
The Sentinel-6 will use radar altimetry to obtain near real-time measurements of sea surface height and wind speeds, which will help scientists monitor sea level rise. The mission is a collaboration between ESA, the European Commission, EUMETSAT, NASA and NOAA, with support from the French space agency CNES.
Homeowners in Florida’s coastal areas are increasingly factoring in the risks of sea level rise, or SLR, caused by climate change, yet there is still resistance by home sellers and mortgage lenders to respond appropriately. Riskthinking.AI’s forward-looking scenarios help reduce the uncertainty surrounding climate risk factors like SLR, and help price the cost of this risk to help asset markets like housing rapidly incorporate this information.
It was 60 million years ago that the Cycad (Cycas revoluta) plant, or Sago palm, grew naturally in the UK. But for the first time, botanists have been able to produce both male and female cones on Cycads grown outdoors. Native to Japan, these plants typically grow in warm temperate and subtropical regions. So why are they springing back up in the UK now? Climate change.
Global sea level has risen an average of 0.13 inches (3.3 millimeters) a year since satellites began precisely measuring sea surface height following the 1992 launch of the Topex/Poseidon mission, a partnership between NASA and Centre National D’Etudes Spatiales in France. In the northeastern Pacific off the U.S. West Coast, however, sea level actually fell at a rate of around 0.04 inches (1 millimeter) per year during the 1990s and 2000s.
For the past two decades, Suzanne Simard, a professor in the Department of Forest & Conservation at the University of British Columbia, has studied mycorrhizae: the symbiotic unions of fungi and root long known to help plants absorb nutrients from soil. Beginning with landmark experiments describing how carbon flowed between paper birch and Douglas fir trees, Simard found that mycorrhizae didn’t just connect trees to the earth, but to each other as well.
Simard went on to show how mycorrhizae-linked trees form networks, with individuals she dubbed Mother Trees at the center of communities that are in turn linked to one another, exchanging nutrients and water in a literally pulsing web that includes not only trees but all of a forest’s life. These insights had profound implications for our understanding of forest ecology—but that was just the start.
United in Science report: Climate change has not stopped for COVID19
World Meteorological Organization (WMO) under the direction of the United Nations Secretary-General to bring together the latest climate science related updates from a group of key global partner organizations – WMO, Global Carbon Project (GCP), UNESCO Intergovernmental Oceanographic Commission (UNESCO-IOC), Intergovernmental Panel on Climate Change (IPCC), UN Environment Programme (UNEP) and the Met Office.
Climate change has not stopped for COVID19. Greenhouse gas concentrations in the atmosphere are at record levels and continue to increase. Emissions are heading in the direction of pre-pandemic levels following a temporary decline caused by the lockdown and economic slowdown. The world is set to see its warmest five years on record – in a trend which is likely to continue – and is not on track to meet agreed targets to keep global temperature increase well below 2 °C or at 1.5 °C above pre-industrial levels.
In 2019, Ottawa City Council joined cities around the world in declaring a climate emergency and committed to reducing emissions to net zero by 2050. Today, City Council unanimously passed Energy Evolution—its plan for achieving that goal. The plan focuses on achieving ambitious carbon reduction targets by reducing energy use through conservation and efficiency, increasing the supply of renewable energy through local and regional production, and prioritizing the procurement of clean renewable energy.
In August, as wildfires crept close to the historic Lick Observatory near San Jose, California, Claire Max watched as live webcams showed flames edging toward observatory buildings and several telescopes. In the end, firefighters kept the flames at bay. Although two unused buildings were destroyed and several houses were damaged, the working telescopes only had a bit of ash on the mirrors. “We really lucked out,” says Max, director of the University of California Observatories, which runs Lick. Coastal California has always experienced cycles of drought and fire, she says. “But it’s perfectly plausible for people to say global warming didn’t make it any better.”
When businessman Howard Bisla was tasked with saving a local shop from financial ruin, one of his first concerns was energy efficiency. In June 2018, he approached his local electricity provider in Sacramento, California, about upgrading the lights. The provider had another idea. It offered to install an experimental cooling system: panels that could stay colder than their surroundings, even under the blazing hot sun, without consuming energy.