Category: News

  • The planet passed a dangerous threshold for warming last year. Why is nobody talking about it?

    The planet passed a dangerous threshold for warming last year. Why is nobody talking about it?

    Here’s why scientists say it’s far from “game over” for the planet.

    An activist held a sign showing 1.5 degrees Celsius at the United Nations Climate Conference on Nov. 22 in Baku, Azerbaijan.Sean Gallup/Getty

    The year 2024 saw a lot of major events — the Paris Olympics, two assassination attempts on a presidential candidate, a total eclipse, and Taylor Swift in the Super Bowl (kind of).

    Yet a seminal moment for the planet went by with little notice:the Earth’s thermometer climbed past a dangerous tipping point, one that scientists had considered the “defense line,” beyond which the effects of climate change are expected to get substantially worse, including the near decimation of coral reefs, dramatic sea level rise, and even more destructive storms.

    For the first time, average global temperatures appear to have exceeded more than 1.5 degrees Celsius (2.7 degrees Fahrenheit) of warming above preindustrial times, with December’s data yet to officially clock in, though climate scientists say the die is cast.

    “Passing it for the first time should start setting off serious alarm bells,” said Julie Brigham-Grette, a geoscientist at the University of Massachusetts Amherst.

    And yet, there’s far from consensus among climate scientists for how loud to ring those alarms or just how much this measurement actually matters.

    There is something undeniable about this moment, although Harvard climate scientist Daniel Schrag saidthat doesn’t mean the planet has passed “a point of no return where it’s too late.”

    The reality: “1.5 C is bad, 2 C is worse, 2.5 C is much worse,” and so on, he said. “It always can get worse. And therefore, there’s no point where you throw up your hands and you say, ‘Oh, we failed, we’re done.’”

    To be sure, one year of passing the 1.5 Cthreshold does not indicate that global temperatures are stuck that high. It’s a worrying sign for sure, but 2024 could be a blip.Climate is what happens over decades — not what happens in an individual year.

    chart visualization

    Many climate scientists have also long been clear-eyed that hitting 1.5 degrees of warming was inevitable. “I could tell 20 years ago that we were going to pass this threshold,” said Schrag, co-director of Harvard’s Science, Technology, and Public Policy Program.

    What the goal signaled, more than anything, was an aspiration, a target that, though likely unachievable, provided a benchmark for global ambition. A 2016 report from the United Nations said it was set “not as a scientific question of feasibility, but rather as a moral imperative of necessity.”

    That target was agreed toback in 2015 when world leaders gathered in Paris for the United Nations annualglobal climate talks. They consented to hold the Earth’s temperature to well below 2 degrees above preindustrial times and to aim for the 1.5-degree goal.

    That more ambitious target was especially important to low-lying island nations — the ones the most at risk from increased sea level rise and least responsible for burning large amounts of fossil fuels that drive climate change.

    Meanwhile climate change continues to outpace even the best models.

    “Frankly, how quickly it’s warmed over the last couple years has been quite surprising,” said Peter Huybers, a professor in the department of Earth and Planetary Sciences at Harvard University. In 2023 and 2024, in particular, temperatures warmed faster than anticipated, likely due to decreased cloud cover over the oceans, which leads to more heat from the sun being absorbed by the Earth.

    The cause for the decreased cloud cover is currently being debated, Huybers said — perhaps it is natural variability, perhaps it is the unintended consequence of a ban on a particularly dirty kind of shipping fuel, which caused emissions that could increase cloudiness.

    Since Paris, the goal has shifted. A 2023 report found that overshooting the 1.5-degree target was “fast becoming inevitable” as nations failed to cut carbon emissions quickly enough.

    Now,the goal is to minimize just how long the planet spends above that threshold, through rapidly eliminating greenhouse gas emissions and ramping up technologies to remove carbon from the atmosphere. Only taking that second step can push climate change in reverse, as heat-trapping gases, such as carbon dioxide, remain in the atmosphere for hundreds of years.

    As of now, such carbon-removal technologies are expensive and only exist on a small scale, which means there is no clear mechanism for eliminating emissions already in the atmosphere. The best path forward, according to scientists, is to curb further carbon pollution as quickly as possible and let temperatures hold steady at an elevated level from preindustrial times.

    There are some positive signs of that, said Max Holmes, CEO of the Woodwell Climate Research Center in Falmouth. Globally, emissions are expected to peak soon, as clean energy is rapidly being adopted and dirty power plants are taken offline. Still, progress is measured in decades.

    “It’s going to be a long time until temperature plateaus and then heads the other direction — probably not in our lifetime — but emissions will and that is something to celebrate,” he said.

    In the meantime, “the science of this is not going away,” said Adam Schlosser, deputy director and senior research scientist at the MIT Center for Sustainability Science and Strategy. Continuing to emit greenhouse gases only leads to one thing: rising temperatures. And while the yearly average may bob above and below 1.5 degrees in the coming years, it will eventually stay above the threshold, likely by the middle of the 2030s, Schlosser said.

    Still,what’s at stake with the target of 1.5 degrees is whether the ambitious nature of the goal will ultimately be recognized as something that motivated nations around the world to step up the speed of their response to the climate crisis, or whether failure to achieve it will lead to the public perception of failure — and, worse, an excuse to give up, said Holmes.

    “If people think it’s game over, then you lose all motivation to do what needs to be done.”


    Sabrina Shankman can be reached at sabrina.shankman@globe.com. Follow her @shankman.

     

  • Climate crisis ‘wreaking havoc’ on Earth’s water cycle, report finds

    The climate crisis is “wreaking havoc” on the planet’s water cycle, with ferocious floods and crippling droughts affecting billions of people, a report has found.

    Water is people’s most vital natural resource but global heating is changing the way water moves around the Earth. The analysis of water disasters in 2024, which was the hottest year on record, found they had killed at least 8,700 people, driven 40 million from their homes and caused economic damage of more than $550bn (£445bn).

    Rising temperatures, caused by continued burning of fossil fuels, disrupt the water cycle in multiple ways. Warmer air can hold more water vapour, leading to more intense downpours. Warmer seas provide more energy to hurricanes and typhoons, supercharging their destructive power. Global heating can also increase drought by causing more evaporation from soil, as well as shifting rainfall patterns.

    Deadly flash floods hit Nepal and Brazil in 2024, while river flooding caused devastation in central Europe, China and Bangladesh. Super Typhoon Yagi, which struck south-east Asia in September, was intensified by the climate crisis, as was Storm Boris which hit Europe the same month.

    Droughts also caused major damage, with crop production in southern Africa halving, causing more than 30 million people to face food shortages. Farmers were also forced to cull livestock as their pastures dried up, and falling output from hydropower dams led to widespread blackouts.

    “In 2024, Earth experienced its hottest year on record and water systems across the globe bore the brunt, wreaking havoc on the water cycle,” said the report’s leader, Prof Albert van Dijk.

    He said 2024 was a year of extremes but that was not an isolated occurrence. “It is part of a worsening trend of more intense floods, prolonged droughts, and record-breaking extremes.” The report warned of even greater dangers in 2025 as carbon emissions continued to rise .

    The 2024 Global Water Monitor Report was produced by an international team of researchers from universities in Australia, Saudi Arabia, China, Germany and elsewhere. The team used data from thousands of ground stations and satellites orbiting the Earth to assess critical water variables such as rainfall, soil moisture, river flows, and flooding.

    They found rainfall records are being broken with increasing regularity. For example, record highs for monthly rainfall were set 27% more often in 2024 than in the year 2000 and daily rainfall records were set 52% more frequently. Record lows were set 38% more often. “So we are seeing worse extremes on both sides,” said Van Dijk.

    In southern China from May to July, the Yangtze and Pearl rivers flooded cities and towns, displacing tens of thousands of people and causing hundreds of millions of dollars of damage to crops. The river floods in Bangladesh in August after heavy monsoon rains affected almost 6 million people and destroyed at least a million tonnes of rice.

    Meanwhile, in Spain in October more than 500mm of rain fell in eight hours, causing deadly flash floods. The city of Porto Alegre, Brazil, was inundated with two months’ worth of rain in just three days in May, transforming roads into rivers.

    “Heavy rainfall events also caused widespread flash flooding in Afghanistan and Pakistan, killing more than 1,000 people,” Van Dijk said. The flooding also displaced 1.5 million people.

    In the Amazon, drought struck. “Wildfires driven by the hot and dry weather burned through more than 52,000 sq km in September alone, releasing vast amounts of greenhouse gases,” Van Dijk said. “From historic droughts to catastrophic floods, these extreme events impact lives, livelihoods, and entire ecosystems.”

    The researchers said seasonal climate forecasts for 2025 and current conditions suggested droughts could worsen in northern South America, southern Africa, and parts of Asia. Wetter regions such as the Sahel and Europe may face elevated flood risks.

    “We need to prepare and adapt to inevitably more severe extreme events,” said Van Dijk. “That can mean stronger flood defences, developing more drought-resilient food production and water supplies, and better early warning systems. Water is our most critical resource, and its extremes – both floods and droughts – are among the greatest threats we face.”

     

  • Manulife Investment Management on investing in the nature and climate transition

    Manulife Investment Management on investing in the nature and climate transition

    Manulife Investment Management’s Brian J Kernohan, Brandon Lewis and Regan Smith identify investment themes addressing climate change and nature loss. 

  • Goldman Sachs Reveals 2025 Investment Playbook for China, India and Japan

    Goldman Sachs Reveals 2025 Investment Playbook for China, India and Japan

    Goldman Sachs equity strategist Timothy Moe discusses the firm’s 2025 investment playbook for the top Asia Pacific markets, including China, Japan and India. He speaks on Bloomberg’s ‘Insight with Haslinda Amin.’

    (Source: Bloomberg) 

  • Carlyle Secured Lending amends merger agreement terms By Investing.com

    Carlyle Secured Lending amends merger agreement terms By Investing.com

    Carlyle Secured Lending amends merger agreement terms 

  • Auddia Inc. shareholders approve key proposals at annual meeting By Investing.com

    Auddia Inc. shareholders approve key proposals at annual meeting By Investing.com

    Auddia Inc. shareholders approve key proposals at annual meeting 

  • Ethereum Price Prediction Will ETH Dominate Altcoin Season with a 12000 Goal While Rexas Finance RXS Eyes 20

    Ethereum Price Prediction Will ETH Dominate Altcoin Season with a 12000 Goal While Rexas Finance RXS Eyes 20

    As we turn the corner and enter 2025, the cryptocurrency market is in for a new wave of growth, with Ethereum (ETH) and Rexas Finance (RXS) both heading for great things as they stake their claim. Analysts expect Ethereum to scale to the next heights with the support of smart contract capabilities and a growing ecosystem with a target of $12,000. But Rexas Finance, with its unusual way of tokenizing real-world assets such as real estate and intellectual property, is itself an even more compelling opportunity. Rexas Finance has gathered impressive presale success, an 11,300% growth prediction, as well as groundbreaking features, making it the top crypto to buy now if you want to exploit the explosive potential in subsequent years.

    Ethereum: In Preparation for 2025’s Big One

    Ethereum (ETH) has always been one of the dominant names in the blockchain ecosystem, with its remarkable capacity to build on smart contracts and run decentralized applications (dApps) on the network. Ethereum is one of the largest cryptocurrencies by market capitalization, but it continues to grow as the Ethereum 2.0 development occurs to scale, secure, and optimize energy use. Ethereum’s move to proof-of-stake (PoS) is intended to make the platform more sustainable and less reliant on energy-intensive mining processes while forging ahead as the platform for DeFi, NFTs, and beyond. In a move that will excite the Ethereum community, many analysts are now predicting a monumental price spike of Ethereum in 2025. $5,000 is a popular crypto target, and some are predicting a climb up to $7,500 and even into the six figures at some points. But these positive prognoses are underpinned by Ethereum’s continued use in the decentralized finance space and integration into institutional solutions that may result in increased ETH demand next year. As Ethereum core upgrades are deployed and the ecosystem grows, many anticipate the next few months to be the setting for the next big wave of Ethereum, which will make it a noteworthy cryptocurrency to keep an eye on in 2025.

    Rexas Finance (RXS) is a Better Investment For These 2 Reasons

    Real-World Asset Tokenization

    Unlike many cryptocurrencies, Rexas Finance tokenizes real-world assets. Unlike most other crypto projects that depend on speculative trading, Rexas moves the AVAX blockchain to the forefront by using it to bring tangible assets such as real estate, intellectual property, and fine art into the digital world. Using this approach, Rexas is able to break the traditional cogs of finance and marry it with the innovation of blockchain to deliver viable applications within this crowded crypto space. Rexas addresses real-world problems and with that, it immediately brings utility and value to the market; it has a long way to be a solution.

    Impressive Presale Success

    During its presale stages, Rexas Finance has been an amazing hit, and its 11th stage seems to be no different, with over 386 million tokens sold, bringing in approximately $34 million. The strong demand for capital is a vote of approval on the project vision and future potential by investors. Currently, with $0.175 in the presale, Rexas is giving you the chance to invest early into a project that has massive upside potential. With each performance achieved versus established projects like Ethereum that began in humbler standings, the performance of Rexas becomes compelling for continued growth as its platform matures.

    Explosive Growth Potential and Market Security

    Rexas is also expected to see a 66x climb from 2025 and the token may rise to $10, up from the presale price. Because of this, Rexas has all the makings of a breakout that we saw with Ethereum in its early days, allowing for its future growth. Rexas Finance is further adding to its credibility by completing a Certik audit, which provides robust security and focuses on transparency for the investor. With such a high level of security and listings on all the major platforms, CoinMarketCap and CoinGecko, Rexas has good exposure and access in the global market.

    Community Engagement & Growth Incentives

    Also, Rexas Finance is also strengthening its community through initiatives such as a $1 million giveaway. Offering a total of 20 winners, each winning $50,000 in RXS tokens, will increase interest and help to create a dedicated user base. It is this community-driven approach that not only rewards early supporters but also provides a fertile ecosystem for the project to survive and grow in the long run. Rexas is well positioned now as it builds and expands its brand and is set to become a major player in the blockchain space with the potential for significant retail and institutional adoption.

    Conclusion: Rexas Finance (RXS) an Explosive Potential

    The next crypto bull run presents a massive return for investors eager to put their money in, and Rexas Finance is a prime opportunity for it. Rexas is coming in as a tokenization of real-world assets played on Ethereum and other cryptocurrencies, a market that they both fail to fully address. With the project becoming more and more successful, the presale and a solid community to back the project are a testament that there is a huge room for even more growth. With expected returns of 66x by 2025, this asset could see up to 11,300% ROI when the market absorbs Rexas’ innovation and steps onto the mainstream. You do not want to miss out on what might be one of the most lucrative crypto investments of the year.

    Website: https://rexas.com

    Whitepaper: https://rexas.com/rexas-whitepaper.pdf

    Twitter/X: https://x.com/rexasfinance

    Telegram: https://t.me/rexasfinance

    (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR
    PWR

     

  • Republic of Congo Launches Ignié 2021-2046 Project

    Republic of Congo Launches Ignié 2021-2046 Project

    The Republic of Congo is set to launch the hybrid and scalable electrification project Ignié 2021-2046 

  • ArcelorMittal Nippon moves forward with portion of 975 MW solar project

    ArcelorMittal Nippon moves forward with portion of 975 MW solar project

    From pv magazine India

    Oriano has commissioned a 211.2 MW AC (295 MW DC) solar project in the Idian state of Andhra Pradesh, for captive consumption by ArcelorMittal Nippon Group.

    ArcelorMittal Nippon Steel India is developing a 975 MW hybrid renewable energy project to decarbonize its steel production operations. The project includes 661 MW (925 MWp) of solar power and 314 MW of wind power, integrated with a Greenko-owned pumped hydro storage facility to provide round-the-clock power.

    The 975 MW project, fully owned by ArcelorMittal Nippon Steel India, will supply more than 20% of the electricity needed for its Hazira plant in Gujarat and reduce the company’s carbon emissions by 1.5 million tons per year.

    Solar and wind sites connect to the interstate transmission system via 400 kV lines to transmit power from Kurnool to Hazira.

    Oriano has secured a contract for a 295 MW DC solar installation and operations and maintenance for a 354 MW DC project.

    “The land was graded and rocky boulders were collected and dumped at distant location using 40-plus heavy machineries for almost five months in parallel to project construction. Daily 5 MWp-plus of piling was done using 14-plus high-pressure borewell DTH (down-the-hole) simultaneously, due to hard terrain,” said Oriano.

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