The year 2024 is set to be the hottest on record, confirming the accelerating pace of climate change. The European Union’s Copernicus Climate Change Service (C3S) has announced that global temperatures have already surpassed the 1.5°C threshold compared to pre-industrial levels, a critical milestone outlined in the Paris Agreement. This alarming development highlights the urgent need for stronger climate action as extreme weather events intensify worldwide.
A new UN report warns that the world is heading towards a devastating 3.1°C temperature rise this century without stronger climate commitments from governments. The report highlights the urgent need for enhanced Nationally Determined Contributions (NDCs) and emphasizes the crucial role of solar, wind energy, and forest conservation in mitigating climate change.
A new report reveals a concerning rise in methane emissions, driven largely by human activity. The increase, exceeding 20% over the past two decades, threatens to derail climate change goals, including the Paris Agreement’s 1.5°C warming limit. The study highlights the urgent need for stronger action to curb methane emissions, particularly from agriculture, fossil fuels, and waste.
Australia’s largest lender, Commonwealth Bank (CBA), has announced it will stop financing fossil fuel companies that don’t align with the Paris Agreement’s climate goals by the end of 2024. This decision marks a significant shift in the banking sector and has been lauded by climate activists while drawing criticism from rival banks that continue to support fossil fuel industries.
