لا تُقدم XM خدماتها لمواطني الولايات المتحدة الأمريكية.

Sustainable Switch: Climate Focus-Climate change is making temperatures deadlier



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Nov 1 -By Sharon Kimathi

Energy and ESG Editor, Reuters Digital

sharon.kimathi@thomsonreuters.com


Hello,

This newsletter would have tried to wrap up the two-week biodiversity conference in Cali, Colombia, but the weather dramatically intervened.

As the death toll from flash floods in eastern Spain climbed to 158, the largest storm to hit Taiwan in nearly 30 years made landfall, causing two deaths and 515 injuries.

Meteorologists have said a year's worth of rain fell in eight hours in parts of Valencia, while Typhoon Kong-rey dumped more than 1.2 meters (3.9 feet) of rainfall in Taiwan’seastern mountains, felling more than 2,000 trees and hundreds of street signs.

Research group Climate Central said that a low pressure system behind Spain's floods had tapped into an "atmospheric river" carrying excess moisture from the unusually warm Tropical Atlantic.

Its Climate Shift Index: Ocean says human-caused climate change has made these elevated sea surface temperatures at least 50 to 300 times more likely.

This comes as a new report by doctors and health experts warned that climate change, driven by fossil fuel emissions, is raising temperatures to dangerous new heights, while also worsening drought and food security.

The average person experienced 50 more days of dangerous temperatures in 2023, the hottest year on record, than they would have without climate change, according to the Lancet Countdown, an annual report based on work by dozens of experts, academic institutions and U.N. agencies, including the World Health Organization.

The elderly are especially vulnerable, with the number of heat-related deaths in people over 65 last year reaching a level 167% above the number in the 1990s. Without climate change, researchers would have expected the figure to rise by 65% from the 1990s, the report said.

"Year on year, the deaths directly associated with climate change are increasing," said Marina Belén Romanello, executive director of the Lancet Countdown.

Keep on scrolling for more on how rising temperatures are worsening Australia’s wildfire season.


Climate Buzz

  1. Death toll in Spain's floods rises to 158, among Europe's worst storm disasters

The tragedy is already Spain's worst flood-related disaster in modern history. Opposition politicians accused the central government in Madrid of acting too slowly to warn residents and send in rescue teams, prompting the Interior Ministry to say regional authorities were responsible for civil protection measures.


  • Australia must brace for longer fire seasons and marine heatwaves ahead, report says

Australia must brace for longer and more dangerous fire seasons and marine heatwaves in the years ahead, a government report said. The oceans around Australia are continuing to warm, with increases in carbon dioxide in the atmosphere leading to more acidic oceans, particularly in the country's south, said the Bureau of Meteorology and national science agency CSIRO in their biennial joint climate report.

  • World will miss Paris climate target as nitrous oxide rises, report says

The world is failing to curb emissions of nitrous oxide that makes it impossible to meet the main goal of the Paris climate agreement to keep global warming to 1.5 degrees Celsius, according to the Global Nitrous Oxide Assessment (N2O) report. Click here for the full Reuters explainer.


  • Inaction on emissions could cut developing Asia's GDP by 17% by 2070, ADB says

Developing Asia faces a potential 17% loss in its collective gross domestic product by 2070 if high emissions persist, according to the Asian Development Bank (ADB), underscoring the urgency for stronger and more ambitious climate action. While mitigation efforts have gained momentum, they remain insufficient to meet global targets, the ADB said in its inaugural climate report.


  • Los Angeles County sues PepsiCo and Coca-Cola over plastic pollution

Los Angeles County has sued beverage makers PepsiCo and Coca-Cola over plastic pollution and misleading the public about the environmental impact and recyclability of their containers. The lawsuit states the companies did so despite knowing the plastic in their bottles cannot be recycled at a scale meaningful enough to offset the environmental harms of the containers, most of which end up at landfills or as litter.

What to Watch​

An ambitious tree-planting campaign hopes to restore Libya’s forests as the country faces severe threats from climate change, with drought and deforestation rapidly diminishing the nation’s green cover. Click here to learn more.


Climate Commentary​

  • Few top business leaders have taken official stands on next week's U.S. elections, and no one really wants them to, writes Ross Kerber, U.S. sustainable business correspondent for Reuters. Click here for the full article.

  • Utilities in the United States have relied on fossil fuels to generate a larger share of electricity than their counterparts in China since June, according to Gavin Maguire, Reuters global energy transition columnist.

  • Find out how New York has developed an inclusive approach to jobs training that has built strong foundations for the energy transition in a piece by independent financial advisor, Jill Baker, for the Ethical Corp Magazine. Click here to learn more.

Climate Lens

National pledges to cut greenhouse gas emissions still fall far short of what is needed to limit catastrophic global warming, the United Nations said, as countries prepare for the next round of climate change negotiations in November.

Number of the Week

$2 billion

The carbon market, formed by the state's Climate Commitment Act (CCA), has raised more than $2 billion for programs including transit, wildfire protection, and salmon protection since its 2023 launch.

Sustainable Switch Climate Focus was edited by Alexander Smith


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Progress to meet emissions target has been unequal across G20 https://reut.rs/3NC92lb

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إخلاء المسؤولية: تتيح كيانات XM Group خدمة تنفيذية فقط والدخول إلى منصة تداولنا عبر الإنترنت، مما يسمح للشخص بمشاهدة و/أو استخدام المحتوى المتاح على موقع الويب أو عن طريقه، وهذا المحتوى لا يراد به التغيير أو التوسع عن ذلك. يخضع هذا الدخول والاستخدام دائماً لما يلي: (1) الشروط والأحكام؛ (2) تحذيرات المخاطر؛ (3) إخلاء المسؤولية الكامل. لذلك يُقدم هذا المحتوى على أنه ليس أكثر من معلومات عامة. تحديداً، يرجى الانتباه إلى أن المحتوى المتاح على منصة تداولنا عبر الإنترنت ليس طلباً أو عرضاً لدخول أي معاملات في الأسواق المالية. التداول في أي سوق مالي به مخاطرة عالية برأس مالك.

جميع المواد المنشورة على منصة تداولنا مخصصة للأغراض التعليمية/المعلوماتية فقط ولا تحتوي - ولا ينبغي اعتبار أنها تحتوي - على نصائح أو توصيات مالية أو ضريبية أو تجارية، أو سجلاً لأسعار تداولنا، أو عرضاً أو طلباً لأي معاملة في أي صكوك مالية أو عروض ترويجية مالية لا داعي لها.

أي محتوى تابع للغير بالإضافة إلى المحتوى الذي أعدته XM، مثل الآراء، والأخبار، والأبحاث، والتحليلات والأسعار وغيرها من المعلومات أو روابط مواقع تابعة للغير وواردة في هذا الموقع تُقدم لك "كما هي"، كتعليق عام على السوق ولا تعتبر نصيحة استثمارية. يجب ألا يُفسر أي محتوى على أنه بحث استثماري، وأن تلاحظ وتقبل أن المحتوى غير مُعدٍ وفقاً للمتطلبات القانونية المصممة لتعزيز استقلالية البحث الاستثماري، وبالتالي، فهو بمثابة تواصل تسويقي بموجب القوانين واللوائح ذات الصلة. فضلاً تأكد من أنك قد قرأت وفهمت الإخطار بالبحوث الاستثمارية غير المستقلة والتحذير من مخاطر المعلومات السابقة، والذي يمكنك الاطلاع عليه هنا.

تحذير المخاطر: رأس مالك في خطر. المنتجات التي تستخدم الرافعة قد لا تكون مناسبة للجميع. يرجى الاطلاع على تنبيه المخاطر.