Climate Change
In recent weeks, thousands of people in California remained under evacuation due to flooding that left at least 20 dead. Only 230,000 properties in California, i.e. about 2% are believed to have flood insurance policies.
Climate Change
Last weekend, at least 35,000 demonstrators protested the evacuation and mining of the German town Lützerath. The climate activist Greta Thunberg (20) joined the demonstration but was detained by police for a day after a clash.
Climate Change
Since COVID-19, home office and hybrid work schedules have become popular, with more people acquiring the possibility to take long weekends and work remotely at their flexible time. This benefit has only increased travelers during a holiday season, such as Christmas.
Climate Change
A climate credit card records the cardholder's carbon footprint to help them visualize total emissions regarding their actions and choice of purchase. Major credit card companies, such as Mastercard and Visa have already adopted the practice.
Climate Change
For 14 days, about 35,000 people, representing nearly 200 countries, attended the COP27 summit in Sharm el-Sheikh to discuss the ways to keep 1.5°C alive by undertaking sustainable cuts in greenhouse gases.
Climate Change
Liquefied Natural Gas (LNG) has made a headline this week as the oil tanker, called British Sponsor left Mozambican territorial waters carrying the first cargo from LNG Coral Sul FLNG facility, installed 80 kilometers offshore Mozambique.
Climate Change
Since 1994, the UN climate summit, called the Conference of the Parties (COP) is held every year for governments to agree on steps to limit global temperature rises. On 6th November, the 27th meeting (COP27) took place in Sharm el-Sheikh and will run until 18th November.
Climate Risk & Economics
Last year, as the world started getting immune to COVID-19, they turned to coal to compensate for the degraded economy. According to an IEA, this resulted in increased carbon dioxide (CO2) emissions by 6% (36.3 billion tonnes) in 2021, compared to 2020.
Climate Risk & Economics
Carbon offsetting has become a “go-to solution” to compensate for human-induced carbon emissions. However, critics have questioned the scheme's transparency and reliability.
Energy Crisis
Earlier this month, the EU’s Energy ministers urged the European Commission (EC) to take immediate action against the current energy crisis. The action plan that includes the discussion of imposing a price cap on natural gas was supposed to be delivered in mid-September, but it has been postponed.
Climate Change
The Inflation Reduction Act of 2022 aims to raise $740 billion to curb inflation by reducing the deficit, lowering prescription drug prices, and promoting clean energy. The bill, passed on August 16, 2022, was an amendment to the Build Back Better Act.
Energy Crisis
The European Union (EU) Energy ministers met on September 9 in Brussels to address the current energy crisis in the EU. The meeting agreed to speedily work on possible emergency measures to mitigate current high prices and support the winter demand.