Zero became the biggest number in the investment world last month. More than 40 more asset managers, including Vanguard and BlackRock, signed up to the Net Zero Asset Managers (NZAM) initiative last week, pledging to make their portfolios Net Zero by 2050 or earlier.
California is on the brink of drought – again. Is it ready?
California is at the edge of another protracted drought, just a few years after one of the worst dry spells in state history left poor and rural communities without well water, triggered major water restrictions in cities, forced farmers to idle their fields, killed millions of trees, and fueled devastating megafires.
China’s vast bitcoin mining empire risks derailing its climate targets, says study
China’s electricity-hungry bitcoin mines that power nearly 80% of the global trade in cryptocurrencies risk undercutting the country’s climate goals, a study in the journal Nature has said.
Bitcoin and other cryptocurrencies rely on “blockchain” technology, which is a shared database of transactions, with entries that must be confirmed and encrypted. The network is secured by individuals called “miners” who use high-powered computers to verify transactions, with bitcoins offered as a reward. Those computers consume enormous amounts of electricity.
For decades, global leaders have failed to respond to climate change with appropriate urgency, even though the science has long been clear. Now, the problem has become so acute that it is impossible to ignore, and those in positions of power are under growing pressure to start making up for lost time.
For businesses, the pressure is no longer coming only from protesters, but also from shareholders, customers, investors, lenders, employees, policymakers, and every other stakeholder with a true understanding of the climate threat. From supply-chain disruptions to lethal conditions for outdoor workers, the risks to business are multiplying.
Prime Minister Sheikh Hasina called upon all to remain united in the war against nature to avert a possible loss for mankind.
“In our war against nature, we’ll lose unless we unite,” she wrote in the renowned magazine Diplomat in its April 2021 issue.
In the write up – ‘Forging Dhaka-Glasgow CVF-COP26 Solidarity’ – she said that humans are consciously destroying the very support systems that are keeping us alive.
“What planet shall we leave for the Greta Thunbergs or those at the Bangladesh Coastal Youth Action Hubs? At COP26 we must not fail them,” she said.
Sheikh Hasina, currently the president of the Climate Vulnerable Forum (CVF), said, we want to see climate financing unleashed, not only towards low-carbon economy, but also for the promised US$100 billion, and 50 percent dedicated to climate resilience-building.
“We want to see international carbon markets unlocked for transnational climate cooperation and solutions found to our profound loss, damage and climate injustice,” she added.
In what was expected to be an uphill battle, Vietnam’s containment of the COVID-19 crisis has left little time for recognition on the world stage. While decisive central government response successfully beat back the pandemic’s viral challenges, authorities are now facing the real and present dangers of climate change. The moment provides an opportunity and imperative to explore renewable energy for less carbon-intensive growth.
I’ve worked as a scientist in countries like Kenya, Brazil, and Mexico, studying nature’s ecosystems and how they provide our planet with life support free-of-charge. People recounted their struggle to survive as humanity undermines these systems one-by-one – stories that profoundly impacted my thinking. Then in 2009, I was part of the team that developed the world’s first science-based climate target methodology, leading to a movement now 1,000+ companies strong.
Today, I’m fortunate to be able to combine my love of science and storytelling at Netflix, where we aspire to entertain the world. But that requires a habitable world to entertain. And scientists around the world agree we need to stabilize the climate at no more than a 1.5ºC temperature rise to avoid the worst results of climate change – and ensure healthy life support systems for our children.
WASHINGTON — Up and down the coastline, rising seas and climate change are transforming a fixture of American homeownership that dates back generations: the classic 30-year mortgage.
Home buyers are increasingly using mortgages that make it easier for them to stop making their monthly payments and walk away from the loan if the home floods or becomes unsellable or unlivable. More banks are getting buyers in coastal areas to make bigger down payments — often as much as 40 percent of the purchase price, up from the traditional 20 percent — a sign that lenders have awakened to climate dangers and want to put less of their own money at risk.
Installing solar panels over California’s network of water canals could save the state an estimated 63 billion gallons of water and produce 13 gigawatts of renewable power every year, according to a feasibility study published in Nature Sustainability.
California moves more water than any other system in the world, with 75% of the state’s available water in its northern third and the southern two-thirds accounting for 80% of the state’s demand.
Covering the canals with solar panels would reduce evaporation by shading the canals from the sun (along with the co-benefit of reducing canal-choking plant growth) and the cooling effects of the water could boost solar panel efficiency.
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.