global warming News

Investor Climate Group Sets Target for Assets in Private Equity, Debt

The world’s leading group of asset owners committed to turning their investment portfolios green said on Thursday it had set guidance for private assets for the first time and would also look to improve assessment of emissions tied to sovereign …

Climate Change to Cause $38 Trillion a Year in Damages by 2049

Climate change will inflict losses to the global economy worth an annual $38 trillion by 2049, as extreme weather ravages agricultural yields, harms labor productivity and destroys infrastructure, according to researchers at the Potsdam Institute for Climate Impact Research (PIK). …

Coral Reefs Around World Undergoing Mass Bleaching as Oceans Warm: Scientists Warn

Coral reefs around the world are experiencing global bleaching for the fourth time, top reef scientists declared Monday, a result of warming ocean waters amid human-caused climate change. Coral reef bleaching across at least 53 countries, territories or local economies …

‘Zombie Fires’ Smoldering Near Oil and Gas Wells Threaten Canada’s Drillers

Leftover blazes from last year’s record wildfire season in Canada are threatening to knock out almost 3% of the country’s natural gas production. A total of 50 so-called zombie fires still smoldering beneath layers of snow are located near oil …

Europe Stands Firm Against US-Driven ESG Backlash

Steady investor demand in Europe for environmental and socially responsible investments and wide-ranging regulation are helping Europe’s finance industry withstand political pressures that have pushed some U.S. peers to backtrack on their green agendas. In the United States, conservative politicians …

Climate Verdict for Swiss Women a Warning for European States, Oil Industry

Governments and companies that are lax on climate action should be worried since this week’s European human rights court ruling against the Swiss government improves the odds that other such cases could win at the top court, legal experts said. …

EU Parliament Approves Law to Slash Trucks’ Carbon Footprint

The European Parliament voted on Wednesday to pass a law to reduce carbon dioxide emissions from trucks, which will require most new heavy-duty vehicles sold in the EU from 2040 to be emissions-free. The law will enforce a 90% cut …

West Virginia Saw 5 Tornadoes Last Week, Double the Yearly Average

CHARLESTON, W.Va. (AP) — The National Weather Service on Monday confirmed a fifth tornado touched down during severe storms that barreled across West Virginia last week. That’s more than double the state’s average for an entire year. West Virginia saw …

World Hits 10th Consecutive Month of Record-High Temperatures

March was the Earth’s 10th consecutive month of record-breaking heat, with populations across much of the northern and southern hemispheres experiencing temperatures overshooting climate targets. The European Union’s Copernicus Climate Change Service reported Tuesday that record March temperatures globally were …

Takeaways From the Swiss Women’s Climate Victory

The European Court of Human Rights ruled in favor of more than 2,000 Swiss women on Tuesday, affirming their argument that the Swiss government violated their human rights by failing to take sufficient action on climate change. Here are some …