The Global Banking System is not Immune to Climate Change.
Climate change will have a growing influence on the stability of the banking system, potentially contributing to future financial crises. A new paper published in Nature highlights the detrimental effects of climate change on the banking system, adding to established literature on the effects of climate change on economic growth and productivity of labour. However, financial regulation authorities can act to reduce climate-related risks by implementing targeted measures.
The Cruel Irony of Climate Debt
Not only does climate change have a more significant impact on the economies of lower income countries, these also have to pay more for adaptation, recovery and redevelopment loans, leading them into the climate debt trap. With the added “cruel irony” that those less responsible for climate change are being made to pay a larger share of the price.
What We Do Now Will Define the Oceans and Cryosphere of the Future
A new IPCC Special Report on the Ocean and Cryosphere claims that we still have time to avert some of the worst effects of climate change. Although painting a dire picture, which reveals the pervasive effects of global warming, the Report also highlights the significant benefits of limiting global warming by emphasising how lower emission scenarios will have reduced impacts on the wellbeing of oceans and the cryosphere.
Reaching a Scientific Consensus on Food
Agriculture, fisheries and livestock production produce around one fifth of the world’s greenhouse gas emissions, whilst unhealthy food kills more people than alcohol, drug and tobacco use combined. The paradox is that, whilst 2.1 billion people are overweight, 821 million go to bed hungry every night. Science based research on sustainable diets, such as the EAT-Lancet report, can help reach a scientific consensus on what defines a healthy and sustainable diet, and hence help food production and consumption become a powerful tool in both climate change mitigation and increasing human welfare.
Environmental Migrants: Up to 1 Billion by 2050
There are currently 64 million forced migrants in the world fleeing wars, hunger, persecution and a growing force: climate change. UN forecasts estimate that there could be anywhere between 25 million and 1 billion environmental migrants by 2050. Understanding the climate change-migration nexus will prove instrumental in addressing our current climate emergency. Understanding the connection […]
“We are the Face of Science”
They collect information from trusted sources, bring scientific knowledge to a broader audience all over the world and provide an alternative to those boring assessments that instantly lose people’s attention. Climate without Borders puts the changing climate into a new perspective. By Jill Peeters and Mike Favetta Jill Peeters and Mike Favetta are, respectively, founder […]
When health is taken into account, reducing emissions is an opportunity, not a cost
Meeting the goals of the Paris Agreement could save about a million lives a year worldwide by 2050 through reductions in air pollution alone, according to the World Health Organization. Health gains from climate action would be approximately double the cost of mitigation policies at the global level, and the benefit is even higher in countries such as China and India.
The impact of adaptation measures in Urban Heat Islands
A Reflection by CMCC Foundation – REMHI Division Climate change, heat waves & the Urban Heat Island effect The impacts of climate changes are expected to be highly different according to geographical areas, local features and socio-economic conditions, affecting, in a remarkable way, the poorest countries and needier sections of the population. It is now […]
The first global migration pact to include measures to cope with climate change
The United Nations in July finalized the text that will form the basis for the first-ever global migration pact, recognizing climate change as a cause for migration. Also known as GCM, the Global Compact For Safe, Orderly and Regular Migration, will cover all dimensions of international migration “in a holistic and comprehensive manner”, addressing, among […]
The new Atlantis: how climate change endangers our Internet network
Climate change – related sea level incursions could have a devastating impact on Internet communication infrastructure even in the relatively short term. A risk assessment to highlight the threats to the management and operations of communications systems and develop mitigation strategies designed to minimize the impacts on coastal areas.
Low carbon economy can generate millions of new jobs
Twenty-four million new jobs will be created globally by 2030 if the right policies to promote a greener economy are put in place, a new report by the International Labor Organization (ILO) estimates. According to the ILO flagship study (World Employment and Social Outlook 2018), climate change mitigation measures will inevitably cause job losses in […]
Global Risks Report 2018: insights and trends
Environmental threats dominates the landscape depicted by the Global Risks Report 2018, the latest report released by the World Economic Forum (WEF). The 2018 edition of the annual WEF flagship publication lists extreme weather events, natural disasters and failure to implement sufficient climate change mitigation and adaptation among the five threats most likely to occur […]