Climate Change

Ocean temperature hit record high in February 2024, EU scientists say

By Gloria Dickie LONDON, March 7 (Reuters) - Ocean temperatures hit a record high in February, with the average global sea surface temperature at 21.06 degrees Celsius (69.91 degrees Fahrenheit),…

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COP28 president urges countries to set plans for fossil fuel transition

The United Arab Emirates, host of last year's COP28 climate summit, called on Tuesday for governments to take action in transitioning away from fossil fuels. Intense negotiations last December saw…

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Including energy leaders made COP28 climate summit more meaningful, says Jaber

COP28 President Sultan al-Jaber said on Monday that bringing the energy sector to the table at the U.N. climate summit that was hosted by Dubai in December made the action…

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Shift from El Nino to La Nina portends rains in Asia, dryness in Americas

Weather models indicate weak La Nina in 2nd half of 2024 La Nina may bring more rains to Australia, SE Asia, India Meteorologists say it is early to forecast La…

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300 major financial institutions plan major disclosures on environmental impact

More than 300 companies and financial institutions plan to report on the impacts they have on the natural world as part of efforts to stem the global collapse of biodiversity,…

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Climate change: 2024 might offer room for optimism

We don’t want to give you the wrong idea: things are bad. Antarctic ice sheets are melting, the fossil fuel lobby was everywhere at the COP talks, and even solutions…

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ESG funds suffer weaker demand despite help from tech-sector performance

Sustainable funds faced a sharp slowdown in demand globally in 2023 amid political controversy and concerns about "greenwashing," even as many outperformed the broader market when the recovery of technology-related…

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Fossil fuel phase-out among options on COP28 table

Countries at the COP28 climate conference are considering calling for a formal phase-out of fossil fuels as part of the U.N. summit's final deal to tackle global warming, a draft…

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Climate finance takes centre stage at COP28 climate talks

Money pledges grabbed the spotlight again at COP28 in Dubai on Monday as delegates turned their focus to the yawning gap in the need for climate finance and what's on…

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EU pledges ‘substantial’ contribution to COP28 climate damage fund

The European Union will make a "substantial" financial contribution to a new international fund addressing the destruction caused by climate change, the EU's executive Commission said on Monday. The world-first…

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This year ‘virtually certain’ to be warmest in 125,000 years, EU scientists say

By Kate Abnett and Gloria Dickie BRUSSELS, Nov 8 (Reuters) - This year is "virtually certain" to be the warmest in 125,000 years, European Union scientists said on Wednesday, after…

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MEPs want all countries to strengthen their climate commitments

The Environment Committee of the European Parliament has adopted its demands for the UN Climate Change Conference COP28, which will take stock of the progress on implementing the Paris Agreement.…

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EU, US rally support for global deal to triple renewable energy

The European Union, United States and the United Arab Emirates' COP28 climate summit hosts are rallying other governments to join a global deal to triple renewable energy this decade at the…

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World on brink of environmental tipping points, UN says

By David Stanway SINGAPORE, Oct 25 (Reuters) - The world is heading towards a series of environmental "tipping points" that could cause irreversible damage to water supplies and other life-sustaining…

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EU lawmakers push to weaken corporate sustainability disclosure

EU lawmakers will be called on to back a proposed weakening of mandatory sustainability disclosures for about 50,000 companies this week, in the latest move by centre-right parties to water down the 27-member…

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EU will do ‘as much as possible’ to drive out fossil fuels, climate chief says

The European Union will do all it can to halt fossil fuel use as part of its "ambitious" position at the upcoming COP28 climate summit, the EU's new climate chief…

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Europe space chief warns over political wavering on climate

Europe's top space official has urged wavering politicians not to abandon European leadership in combating climate change, saying record heatwaves and vegetation fires provide "really alarming" evidence of the pace…

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Europe cracks down after rise in ‘direct action’ climate protests

Simon Lachner had plans to glue himself to a German city thoroughfare in June to call public attention to climate change. Instead, he ended up in police custody before he'd…

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Climate change role in July heatwaves ‘overwhelming’, scientists say

Human-induced climate change has played an "absolutely overwhelming" role in the extreme heatwaves that have swept across North America, Europe and China this month, according to an assessment by scientists…

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Hotter temperatures driving tourists away from Mediterranean – report

Soaring summer temperatures across southern Europe could prompt a lasting shift in tourist habits, with more travellers choosing cooler destinations or taking their holidays in spring or autumn to dodge…

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Heatwave hits Europe

Sweltering temperatures are sizzling across Europe with some regions facing temperatures expected to climb well above 40 degrees Celsius, the European Space Agency said. The European Space Agency (ESA), whose…

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Southern Europe and U.S. Southwest hit with extreme temperatures

By Deborah Kyvrikosaios and Liliana Salgado Tourists crowded shadeless Acropolis Hill in 40C heat U.S. city Phoenix records 15 days in a row above 110F Homeless people treated for third…

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June was hottest June on record globally, Copernicus says

This past June was the hottest June globally on record in terms of sea and air temperatures, according to a statement by the EU-backed Copernicus Climate Change Service. "The month…

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Europe’s 2022 summer heat record not a ‘one-off’ -WMO, EU report

Europe's summer last year was the hottest on record and caused thousands of deaths, a joint report by World Meteorological Organization and European Union scientists confirmed, while warning that such…

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EU regulators set out ideas to plug climate ‘insurance gap’

Issuing "catastrophe bonds" and setting up public-private partnerships could help plug the "insurance gap" to better cover damage from climate change, a discussion paper from the European Central Bank and European Union…

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Germany sees progress in EU talks for ban on fossil fuel cars

Talks between Germany's Transport Ministry and the European Commission about the planned end of new combustion engines from 2035 are moving forward, the ministry said on Monday, but added it…

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U.N. chief urges faster shift to ‘net zero’ after report highlights climate threat

U.N. Secretary General Antonio Guterres called on rich nations to accelerate their shift to "net zero" emissions on Monday after a new assessment from scientists warned there was little time…

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COP28 president-designate says world needs climate ‘course correction’

The United Arab Emirates climate envoy and designated president of the COP28 climate summit said on Tuesday the world needed a "course correction" to limit global warming, adding that he…

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Europe had second-warmest year on record in 2022, EU scientists say

Europe experienced its second-warmest year on record in 2022, European Union scientists said on Tuesday, as climate change unleashed record-breaking weather extremes that slashed crop yields, dried up rivers and…

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U.N. chief to convene ‘no-nonsense’ climate summit in 2023

United Nations Secretary-General Antonio Guterres will convene a "no-nonsense" climate ambition summit in September next year and warned on Monday that there will be "no room for back-sliders, greenwashers, blame-shifters"…

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Climate justice gets harder as world population passes 8 billion

Bank of Japan Governor Haruhiko Kuroda on Tuesday highlighted the importance of sustainable finance to address climate change and achieve decarbonisation. "Sustainable finance has a crucial role to play in…

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EU to tell U.N. summit it plans to raise climate target in 2023

The European Union is expected to announce plans at the COP27 summit on Tuesday to update its emissions-cutting target under the Paris climate change accord before next year's U.N. summit, a…

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Brazil’s Lula hopes to unite rainforest nations, tap funding at COP27

A new alliance of rainforest nations - sought by Brazil's President-elect Luiz Inácio Lula da Silva - could be key to unlocking conservation funding and bolstering a flagging global forest…

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We’re on a highway to climate hell, U.N. boss warns

SHARM EL-SHEIKH, EGYPT (Reuters) - United Nations Secretary General Antonio Guterres told countries gathered at the start of the COP27 summit in Egypt on Monday they face a stark choice:…

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COP26 a year later: Where do last year’s climate pledges stand?

(Reuters) - A year ago at the U.N. climate talks in Glasgow, Scotland, countries, banks and business leaders announced a slew of climate plans and pledges. Here is an update…

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EU countries agree to hike climate change target next year

European Union countries agreed on Monday to raise their target to curb greenhouse gas emissions under the Paris climate agreement next year, as the bloc attempts to rally ambition among…

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Hurricane Ian rips into western Cuba, with Florida in its sights

Hurricane Ian slammed into western Cuba on Tuesday, forcing evacuations, cutting power to hundreds of thousands of people and swamping fishing villages as it tracked northward toward Florida, where residents…

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Farm and food investors face $150 billion loss on climate change – report

Top farming and food firms could lose up to a quarter of their value by 2030 if they do not adapt to new government policies and consumer behavior tied to…

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Australia braces for more pain from rain after La Nina confirmed

Much of Australia will face unusually heavy rains in coming months, the country's weather forecaster said on Tuesday, after confirming that a La Nina weather event is under way for…

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EU plans to build firefighting fleet faster after summer of climate crises

BRUSSELS (Reuters) - The European Union and its member states agreed on Monday to speed up plans to establish an EU fleet of firefighting aircraft, after rampaging wildfires across Europe…

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G7 company emissions falling short of global climate goal, study shows

Companies in the Group of Seven (G7) economies are failing to meet Paris Climate Agreement objectives, non-profit disclosure platform CDP and global management consultancy Oliver Wyman said on Tuesday, based…

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Floods, other water-related disasters could cost global economy $5.6 trillion by 2050 -report

Worsening droughts, storms and torrential rain in some of the world's largest economies could cause $5.6 trillion in losses to the global economy by 2050, according to a report released…

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Satellite imagery shows Antarctic ice shelf crumbling faster than thought

LOS ANGELES, (Reuters) - Antarctica's coastal glaciers are shedding icebergs more rapidly than nature can replenish the crumbling ice, doubling previous estimates of losses from the world's largest ice sheet…

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Electric vehicles not the only way to meet CO2 targets, Italy car lobby says

lectric vehicles are not the only effective route to reducing carbon emissions produced by the car industry, the head of Italy's automotive lobby said on Tuesday. Other technologies could help…

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G7 scrambles to keep climate agenda on track as Ukraine war roils energy supplies

Climate ministers of the G7 met in Berlin on Thursday to discuss globally spiraling energy costs sparked by the war in Ukraine. The conflict triggered a scramble among some countries to…

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Bank of England tells banks to take climate action now or face profit hit

Banks and insurers that fail to manage climate risks as a "first-order" issue could face a 10% to 15% hit to annual profits and higher capital requirements, the Bank of England (BoE)…

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Only severe emissions cuts will avoid climate extremes -U.N. report

Drastic cuts to fossil fuel use. Growing forests and eating less meat. These are just some of the actions needed in this decade to contain global warming to 1.5 degrees…

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Russia receives Western weather data that some fear could aid attack planning

Russian agencies are continuing to receive nearly instantaneous meteorological data from Western and other governments, which some weapons experts say could be used to plan a chemical or biological attack…

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WEF says increased global divide will make fight against climate change harder

The Covid-19 pandemic have deepened the global divide between rich and poor countries and will make it harder to find common cause in the fight against climate change, according to…

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COP26 agreement ‘timid step forward’, EP Socialists say

The Socialists and Democrats in the European Parliament described the conclusions of the COP26 climate conference as a timid step forward in the right direction, expressing regret that big players…

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Climate-linked health risks to rise, COP26 panelists warn

If you thought the COVID pandemic was disruptive and deadly, climate change will be so much worse. So said a slew of panelists Tuesday at the U.N. climate talks in…

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Obama tells COP26 to help poor nations, chides China and Russia

Former U.S. President Barack Obama called on Monday for rich nations to end years of deadlock with developing countries over cash for climate change, and criticised China and Russia for…

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China says Xi was given no option for video address to COP26

China said on Tuesday that President Xi Jinping was not given an opportunity to deliver a video address to the COP26 climate talks in Scotland and had to send a written…

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Modi says India targets net zero emissions by 2070

India's prime minister used the COP26 climate talks to announce 2070 as the target for his country to reach net zero carbon emissions, two decades beyond what scientists say is…

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Morocco to focus on wind energy in sustainable energy drive

Morocco will mobilize global investment of around 14.5 billion dirhams ($1.6 bln) in a wind energy programme, its foreign ministry said in a tweet on Tuesday. The integrated wind energy program will be fully commissioned…

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Britain to fund $3 bln worth of green investments in developing economies

Britain announced on Monday it will fund green investments of more than 3 billion pounds ($4.11 billion) over five years and new guarantees to support clean infrastructure projects in developing…

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Deliver on promises, developing world tells rich at climate talks

A crucial U.N. conference heard calls on its first day for the world's major economies to stick to promises of financial help to address the climate crisis, while big polluters India and…

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