Global news wrap: Recession bells, Nvidia’s rally, soaring mercury

13 hours, 51 minutes ago

How global warming smashed all safety barriers in 2024

New Delhi: How do we feel the effects of climate change in our everyday lives? “People just get on with their lives, and that’s not nice", she says, putting the onus of this forgetfulness on the fact that in India, we tend to focus on “seasonal climate conversations"—like heat waves during summer, and floods during the monsoon. “It’s almost inevitable …

Global India Energy Climate Change Delhi Change Climate

1 week, 5 days ago

NOAA: 2024 temperatures set to break last year’s global record

Politico

NOAA’s findings are an ominous sign for global efforts to keep global temperatures from rising 1.5 C since the Industrial Revolution, a goal set out in the Paris climate agreement. Climate scientists had predicted earlier this year that 2024 would set a new record, but the trends are even more worrying than anticipated, said Zeke Hausfather, a research scientist at …

Climate Change Climate Temperatures Noaa Global Temperatures

1 week, 5 days ago

How Hot Does It Need to Get to Spur Climate Action?

Live Mint

-- This has been the hottest year in recorded human history. On Monday, the European Union’s Copernicus Climate Change Service said 2024 will almost certainly be the hottest year on record, with global average surface temperatures about 1.6 degrees Celsius above preindustrial averages. The greening promises that countries and companies have made aren’t nearly enough to hit that target, much …

Global World Climate Paris Fossil Fuels Heating Bloomberg Opinion

2 weeks, 1 day ago

Last month was the second hottest November on RECORD: Global average temperatures hit 14.10°C - and scientists are 'effectively certain' that 2024 is going to be the warmest year ever

Daily Mail

Last month was officially the second hottest November on record. That's according to the Copernicus Climate Change Service, which has revealed that global average temperatures hit a balmy 14.10°C. That's according to the Copernicus Climate Change Service, which has revealed that global average temperatures hit a balmy 14.10°C Based on the findings, scientists say that 2024 is not 'virtually certain' …

Global Europe 2024 Second Month Average Sea

2 weeks, 1 day ago

2024 on its way to being the hottest year ever, break record set in 2023

India Today

2024 is set to become the hottest year on record, with global temperatures expected to remain elevated into early 2025. This alarming prediction from European Union's Copernicus Climate Change Service follows a series of extreme weather events worldwide, including severe droughts, floods, and heatwaves that have wreaked havoc across multiple continents. C3S reported that from January to November 2024, average …

Record Climate 2024

2 weeks, 3 days ago

The Baku backlash: Why Cop29 needn’t be an irreversible setback for climate change

The Independent

I remember being captivated as a young man by this bold, Latin American leader called Rafael Correa. When the deadline passed after four years of campaigning, and deposits of only $13.3m had been received, president Correa declared that “the world has failed us” – not so different to the words echoed by the least developed country negotiators last week, who …

Finance Support World Climate Oil Climate Finance Brazil

2 weeks, 4 days ago

Climate myopia: This year’s CoP was a big disappointment but small surprise

Live Mint

The 29th Conference of the Parties to Climate Change came to an end on 24 November 2024 with deep disappointment on the outcomes—not just on finance, but on most other aspects of the agenda. With grossly inadequate mitigation of the crisis, the climate finance that developing countries can legitimately asl for will increase exponentially, leading to continued disappointment from a …

Finance Climate Change Change Climate Countries Cop Ghg

2 weeks, 6 days ago

West’s hypocrisy at COP29: Why Global South must draw the line

Firstpost

Perhaps it is time for the Global South to signal its collective agency by exploring a South-South Carbon Adjustment Union. While such a measure may not directly generate significant revenue, it would send a powerful message to the developed world The Global South's call for substantial and immediate financial support has been met with empty promises and token gestures, exposing …

Global India Climate Change Climate Union Global South Developing Countries

4 weeks, 1 day ago

The climate deal brokered at Cop29 is disappointing – but it is a start

The Independent

Although the last-minute agreement on climate finance reached at the Cop29 summit in Baku was branded a “betrayal” of developing countries by campaigners, it was much better than no deal. It was less than they wanted, but the agreement called on all parties to mobilise “all public and private sources” to get closer to the poor nations’ demand for $1.3 …

Climate Baku Cop29

4 weeks, 1 day ago

Cop29 climate deal criticised as a ‘death sentence for millions’

The Independent

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Campaigners have hit out at a “woefully inadequate” financial package for …

Climate Westminster Email View Cop29

4 weeks, 1 day ago

Cop29 secures last minute $300bn climate finance deal as talks saved from collapse

The Independent

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. open image in gallery Activists participated in demonstrations for climate finance at the Cop29 summit “This deal will keep …

Finance Climate Independent Climate Finance Developing Countries Agreement Countries

1 month ago

COP29: UK and China can set a powerful example for global climate cooperation

China Daily

chinadaily.com.cn | Updated: 2024-11-24 21:11 A view during a closing plenary meeting at the COP29 United Nations Climate Change Conference, in Baku, Azerbaijan, Nov 24, 2024. Amidst rising political tensions, strong bilateral cooperation between the UK and China can provide the international leadership needed to accelerate progress on climate change this decade. Following this meeting, and to support both multilateral …

Climate Change China Change Climate Cooperation Mee

United States, European Union among others to back new $300 billion global finance target: COP29

Trending News

1 month ago

United States, European Union among others to back new $300 billion global finance target: COP29

Live Mint

BAKU -The European Union, United States and other wealthy countries at the COP29 climate summit have agreed to raise their offer of a global finance target to $300 billion per year by 2035, sources told Reuters on Saturday. The new goal is intended to replace developed countries' previous commitment to provide $100 billion in climate finance for poorer nations per …

Finance Climate Change Climate Climate Finance Countries Deal Reuters

1 month ago

DAILY MAIL COMMENT: Reeves is talking the UK into recession

Daily Mail

The snowball effect describes a situation in which something increases in size or importance at an ever faster rate – often with disastrous consequences. Immediately after Labour's July 4 election victory she falsely claimed the Government had inherited the 'worst set of circumstances' since the Second World War. Chancellor of the Exchequer Rachel Reeves displays the red budget briefcase to …

Energy Labour Budget Britain Downing Street Tories

1 month ago

COP29: EU and US want to give $300 billion in climate finance

NL Times

Rich countries negotiating support for developing countries at the climate summit in Baku are prepared to pay 300 billion dollars a year in climate aid from 2035, sources told Reuters news agency. European Commissioner Wopke Hoekstra says it is "doubtful" whether the climate summit in Azerbaijan will have a successful outcome. COP29 actually ended on Friday, but on Saturday the …

Climate Finance Developing Countries Countries European Hoekstra Cop29

1 month ago

Now in overtime, UN climate talks continue

NPR

Now in overtime, UN climate talks continue UN climate negotiations are in overtime in Azerbiajan as countries scramble to land a deal on how to finance the damages brought on by climate change. DETROW: Now, these annual climate summits almost always run into overtime, but this year's talks have been contentious, with some countries walking out. This year, the Biden …

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COP29 talks extended as draft $250 billion finance offer flops

Trending News

1 month ago

COP29 talks extended as draft $250 billion finance offer flops

Hindustan Times

Baku: The COP29 climate summit was extended by a day after developing nations reacted with fury to developed countries’ proposal of $250 billion annual climate finance by 2035, calling it “a slap in the face” and far below their demand of $1.3 trillion, raising fears of a Copenhagen-like deadlock. “The quantum is an eyewash,” said a developing country negotiator, noting …

Finance Climate Climate Finance Brazil Countries Billion Draft

1 month ago

US, India lead G20 on climate action but Trump presidency might change things: Study

Firstpost

A new study revealed that the United States and India are the top two nations in the G20 to take climate policy measures and reduce carbon emissions. However, the analysts warned that the advent of President-elect Donald Trump could be detrimental to these gains As talks about climate financing falter at the COP29 summit in Azerbaijan, a study noted that …

India Trump Climate Action G20 Emissions Lead Study

1 month ago

Here’s what happened when experts at COP29 played a climate change board game

Associated Press

BAKU, Azerbaijan — Activists and experts who are pushing world leaders to save an overheating planet learned it’s not so easy, even in a simulated world. And every round comes with a new card, such as, “Storms: Every player adds 1 Community in Crisis” per 0.1 degrees Celsius temperature rise, or “Sea Level Rise: Every player loses 1 Infrastructure Resilience.” …

Climate Change World Climate Temperature Players Game Crisis

1 month ago

COP29: Nations commit to 1.5°C pathway with enhanced climate goals

India Today

In a landmark announcement at the COP29 summit in Baku, a coalition of nations representing 30% of global GDP and 15% of greenhouse gas emissions committed to strengthening their Nationally Determined Contributions to align with the 1.5°C global warming threshold. The United Kingdom, Brazil, and the United Arab Emirates led the charge with ambitious NDC targets for 2035, signaling their …

Climate Canada Cop29 Ghg

1 month ago

Earth is heating up faster than expected and humans are not ready for it

India Today

The world is heating up at an alarming rate, with the last two years, 2023 and 2024, setting new temperature records. As negotiators reach finals rounds of negotiations in Azerbaijan for COP29, the latest round of UN climate change talks, the urgency of addressing global warming has never been more apparent. Land areas are typically warming faster than the global …

Global Global Warming Emissions Warming

Climate finance deal continues facing deadlock as COP29 nears end

Trending News

1 month ago

Climate finance deal continues facing deadlock as COP29 nears end

Live Mint

New Delhi: Talks on a dramatically raised finance deal at the COP29 meeting in Baku remained deadlocked with a draft text failing to mention the amount, even as the clock ticked away on the summit that ends on Friday. The new draft, presented by host Azerbaijan on Thursday, defines climate finance, identifies contributors and establishes two options on the overall …

Finance India Climate Developing Climate Finance Developing Countries Countries

1 month ago

Cop29: The trillion-dollar question that has left climate summit at an impasse

The Independent

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. The New Collective Quantified Goal on Finance, which will fund the climate disaster and prevention-related costs in developing countries, …

Climate Developing Developing Countries Countries Fund Developing Nations Cop29

1 month ago

Deadline looms for negotiators seeking a deal for cash to curb global warming

Associated Press

BAKU, Azerbaijan — With time running down, negotiators at the United Nations annual climate talks on Wednesday remained mired in the maze of a trillion-dollar money problem, turning to host Azerbaijan to lead the way to daylight with a promised map to be released in the dark of night. “And what this effectively means is a lot of shuttle diplomacy, …

Climate Change Climate Developing Countries Countries Talks Group Morgan

1 month ago

UN chief urges aligning climate action with limiting global warming to 1.5°C

Live Mint

New Delhi: Every country’s next round of nationally determined contributions must contain unambiguous, absolute emissions reduction targets for 2030 and 2035, and align fossil fuel production and consumption plan to limiting global warming to 1.5°C above pre-industrial levels, UN secretary-general António Guterres said on Tuesday at the G20 meeting in Rio de Janeiro, Brazil. This assumes significance, as negotiations for …

Finance Global India Climate Change Action Global Warming Change

G20 summit begins in Brazil today as UN urges it to do what COP29 may not in Azerbaijan

Trending News

1 month ago

G20 summit begins in Brazil today as UN urges it to do what COP29 may not in Azerbaijan

Firstpost

Heads of state arrived in Rio de Janeiro on Sunday for the G20 summit and will spend Monday and Tuesday addressing issues from poverty and hunger to the reform of global institutions Diplomatic tensions over global warming spilled over into the G20 summit negotiations in Brazil this week, with sources saying the 20 major economies reached a fragile consensus on …

Global Climate Change Global Warming Climate Developing Climate Finance G20

1 month ago

Mint Quick Edit | Can the market play a pro-climate role?

Live Mint

“We are blowing past 1.5° Celsius right now," said John Kerry, former US secretary of state and till recently the US president’s climate envoy, at the Hindustan Times Leadership Summit. While this would be a setback, it needn’t be quite so bad if market forces keep pushing for a sustainable future. Yet, even if we invest hope in a pro-climate …

1 month ago

Countries agreed to try to hold global warming to 1.5 degrees Celsius. Is that still possible?

NPR

Countries agreed to try to hold global warming to 1.5 degrees Celsius. Sponsor Message Because of those delays, "it's a matter of when, not if," that level of warming will be surpassed, says Richard Betts, a climate scientist at the University of Exeter in the U.K. Betts stresses that surpassing the 1.5 C level of warming should not be a …

Global Climate Change Global Warming Change Climate Temperature Earth

1 month ago

G20 nations reach climate finance breakthrough that eluded COP29 talks: Report

India Today

Diplomatic tensions over global warming spilled over into the G20 summit negotiations in Brazil this week, with sources saying the 20 major economies reached a fragile consensus on climate finance that had eluded UN talks in Azerbaijan. G20 countries account for 85% of the world's economy and are the largest contributors to multilateral development banks helping to steer climate finance. …

Finance Climate Change Global Warming Developing Climate Finance G20 Brazil

1 month ago

World looks to G20 in Rio for breakthrough in climate talks

Hindustan Times

* World looks to G20 in Rio for breakthrough in climate talks U.N. officials urge G20 leaders to break COP29 stalemate * Wealthy nations asking more countries to foot climate bill * Climate accord may only get trickier with return of Trump By Jake Spring and Lisandra Paraguassu RIO DE JANEIRO, - Diplomatic tensions over global warming will take center …

World Global Warming Climate Finance G20 Brazil Countries Talks

1 month, 1 week ago

Negotiations over climate finance remain deadlocked at UN summit

Hindustan Times

With just days remaining at the COP29 climate talks in Baku, negotiations over climate finance remain deadlocked, with developed and developing nations still far apart on both the scale of funding and its fundamental structure, even as Argentina’s withdrawal from the talks casts a shadow over global climate cooperation. Experts say Harjeet Singh, Climate Activist and Global Engagement Director for …

Finance Global Climate Change Climate Negotiations Developing Climate Finance

1 month, 1 week ago

U.N. climate chief expects bolder climate action from G20 leaders

The Hindu

Terming bolder climate action as “self-preservation for every G20 economy,” U.N. climate chief Simon Stiell on Saturday urged the grouping’s leaders headed to Rio de Janeiro to carry out rapid cuts in emissions to prevent climate-driven economic carnage. He said boosting global climate finance is about ensuring all countries can share in the vast benefits of bolder climate action: stronger …

Finance Global Action Climate Finance G20 Countries Stiell

1 month, 1 week ago

No headway at COP29 on climate finance, all eyes on G20 summit in Rio

New Indian Express

BAKU: As COP29 reaches its midpoint, the climate finance negotiations remain deadlocked, casting a shadow over the conference's prospects. The talks in Baku are centred on establishing the New Collective Quantified Goal, a critical framework that aims to provide financial support to developing nations grappling with the mounting impacts of climate change. Brazil’s presidency has driven reforms in multilateral finance, …

Climate Change Climate Climate Finance Baku G20 Summit

1 month, 1 week ago

'Out of sync': The trillion-dollar climate puzzle that's become a diplomatic nightmare

BBC

'Out of sync': The trillion-dollar climate puzzle that's become a diplomatic nightmare Getty Images As countries negotiate a new global goal to raise climate cash, these five charts show why discussions are so fraught. "Developing countries eager to act are facing many obstacles: scant public finance; raging cost of capital; crushing climate disasters; and debt servicing that soaks up funds," …

Finance Climate Change China Change Climate Credit Developing

Raise $1tr annually for developing nations to deliver on Paris pact goals: Report

Trending News

1 month, 1 week ago

Raise $1tr annually for developing nations to deliver on Paris pact goals: Report

Hindustan Times

Talks at the 2024 UN Climate Change Conference in Azerbaijan’s Baku should focus on mobilising at least $1 trillion annually by 2030 in external finance from all sources for the investments necessary by emerging market and developing countries other than China to deliver on Paris Agreement goals, a report by the Independent High-Level Expert Group on Climate Finance has said. …

China Climate Investment Report Paris Trillion

1 month, 1 week ago

Countries at COP29 urged to invest trillions to cope with climate change

Al Jazeera

Countries need to invest more than $6 trillion per year by 2030 to tackle the effects of climate change or risk having to pay more in the future, according to report by an independent panel of experts at a United Nations climate summit. “Investments in all areas of climate action must increase across all economies,” said the report published on …

Climate Change Climate Finance Countries Cop29

1 month, 1 week ago

Why are countries fighting over climate finance at COP29?

The Hindu

The main task for nearly 200 countries at the U.N.'s COP29 climate summit is to broker a deal that ensures up to trillions of dollars in financing for climate projects worldwide. Wealthy countries pledged in 2009 to contribute $100 billion a year to help developing nations cope with the costs of a transition to clean energy and adapting to the …

Climate Change China Climate Climate Finance Billion Target Cop29

1 month, 1 week ago

UN chief expects nations to meet climate finance goal

China Daily

Staff display souvenirs on Monday at the China Pavilion of the 29th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change, or COP29, in Baku, Azerbaijan. DOMINIKA ZARZYCKA/GETTY IMAGES Warning of a grim global warming situation, United Nations Secretary-General Antonio Guterres said he expects to see developed countries beefing up their support for …

Climate Change Action Climate Climate Financing Guterres Climate Disasters Baku

1 month, 1 week ago

Why are countries fighting over money at COP29 climate summit?

India Today

The United Nations' COP29 climate summit, currently underway in Baku, Azerbaijan, has brought together representatives from nearly 200 countries with a primary goal of brokering a landmark climate finance deal. However, the recent US election results have cast a shadow over the talks, with concerns that a potential Trump administration could halt US climate finance contributions, potentially shrinking the overall …

Climate Countries Wealthy Nations

1 month, 1 week ago

UN chief expects nations to meet climate finance goal

China Daily

Staff display souvenirs on Monday at the China Pavilion of the 29th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change, or COP29, in Baku, Azerbaijan. DOMINIKA ZARZYCKA/GETTY IMAGES Warning of a grim global warming situation, United Nations Secretary-General Antonio Guterres said he expects to see developed countries beefing up their support for …

Climate Change Action Climate Climate Financing Countries Guterres Climate Disasters

1 month, 1 week ago

Developing countries reject draft text on climate finance

Hindustan Times

Negotiations at COP29 summit in Baku hit a roadblock on Tuesday, after a delayed start to talks on the first day of the two-weeks-long summit on Monday, with developing countries unanimously rejecting a draft of the new collective quantified goal and seeking a new text to be drawn up. “G77 plus China and the Like Minded Developing Countries want the …

Finance Global World Climate Negotiations Damage Climate Finance

1 month, 1 week ago

Climate change: 7 things that COP29 summit at Azerbaijan’s Baku needs to focus on

Firstpost

As COP29 unfolds amid another record-breaking year of high global temperatures, new research highlights accelerating climate impacts – from breached warming thresholds to intensified wildfires, and potential disruption of ocean currents Participating world leaders and delegates arrive for a family photo during the United Nations Climate Change Conference in Baku. AFP This year’s U.N. climate summit - COP29 - is …

Climate Change World Change Climate Temperature Scientists Warming

1 month, 1 week ago

Action against climate change ‘robust and will endure’ Trump years, UN climate chief tells COP29

Firstpost

Trump’s election sweep has cast a long shadow over proceedings in Azerbaijan, with concerns that the imminent US withdrawal from the landmark 2015 Paris deal could undermine ambition around the negotiating table Participating world leaders and delegates arrive for a family photo during the United Nations Climate Change Conference in Baku. AFP Global action on climate change “is robust and …

Climate Change Climate Paris Cop29 Stiell Global Action

2015-2024 declared hottest decade ever as COP29 kicks off in Baku

Trending News

1 month, 1 week ago

2015-2024 declared hottest decade ever as COP29 kicks off in Baku

India Today

As COP29 convenes, the global community is met with a dire warning from the UN’s World Meteorological Organization. The WMO’s State of the Climate 2024 Update issued a red alert, pointing at the swift acceleration of climate change within a single generation. From January to September 2024, global mean surface air temperatures were 1.54°C above pre-industrial levels, a significant increase …

Climate Change Wmo

1 month, 1 week ago

US climate envoy says work will continue despite Trump’s return

The Hindu

U.S. climate envoy John Podesta urged governments to keep faith in the country’s promise to combat global warming, saying Donald Trump can slow, not stop, the transition from fossil fuels when he returns to office in January. The annual U.N. climate summit began on Monday in Baku, Azerbaijan, with many country delegations concerned Trump’s victory in U.S. presidential elections on …

Climate Trump Last Year Baku

1 month, 1 week ago

UN asks developed world to help developing countries in climate fight

China Daily

Participants walk past the hashtag COP29 logo on the opening day of the UNFCCC COP29 Climate Conference on November 11, 2024 in Baku, Azerbaijan. Warning of a grim global warming situation, United Nations Secretary-General Antonio Guterres expressed high expectation to see developed countries beef up their support for developing economies, who disproportionately suffer the consequences of the climate crisis. Climate …

Global Climate Countries Guterres Cop29 Developed Countries Help Developing

COP29: Climate talks off to rocky start, but carbon mkts mechanism approved

Hindustan Times

New Delhi: The COP29 climate negotiations opened in Baku on Monday with proceedings stalled for hours over disagreements on key matters on the agenda, but countries later approved new UN standards for international carbon markets in a key step towards allowing countries to trade credits to meet climate targets. By trying to ram through loose standards for dangerous carbon crediting …

Finance Climate Developing Climate Finance Developing Countries Countries Nations

1 month, 1 week ago

The world has ALREADY exceeded the critical 1.5°C warming threshold, study warns - and scientists say time is running out to curb climate change

Daily Mail

Time may be running out to curb climate change, scientists have warned - as new data reveals that the critical 1.5°C threshold has already been reached. Scientists say that a new method for attributing human-caused climate change shows that the 1.5°C limit laid out in the Paris Agreement has already been passed This comes after scientists from the Copernicus Climate …

Global Climate Change Global Warming Change Climate Contribution Paris

1 month, 1 week ago

COP29 stresses global financial reforms as world faces spectre of a 1.5°C rise

Live Mint

New Delhi: Agreeing on a new global climate finance goal at the COP29 climate conference will not be enough to rein in toxic emissions, and countries must work harder to reform the global financial system, a top United Nations official said. “We must agree on a new global climate finance goal. If at least two-thirds of the world’s nations cannot …

Finance Global India Climate Change World Change Climate

1 month, 1 week ago

Five things to look for at the Cop29 climate summit

The Independent

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The United Nations’ Cop29 climate summit kicks off in Azerbaijan’s capital city on Monday. Department …

Climate Change Europe United Nations Change Climate President Fossil

Global news wrap: Recession bells, Nvidia’s rally, soaring mercury

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