THE BRIEF [Jan 8-14'24]
State of the climate 2023, succesful climate activism in 2023, price of carbon emissions in 2022 was ridiculous and new fossil fuel ad campaign.
Welcome to this week’s edition of The Weekly Climate 🎉
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‼️News you can’t miss
Here’s one important scary/bad (🙀), good (😻), interesting (😼) and fossil (💩) news item.
This week’s highlights
[#2023] — The State of the Climate in 2023 saw record-breaking surface temperatures and ocean heat. Climate models and observations showed that temperatures in 2023 were in the upper quartile of model assessments. Greenhouse gas concentrations reached new highs, with CO2 being the largest contributor to global surface temperature increase. Sea levels continued to rise, driven by melting land ice and thermal expansion of water. Glacier and ice sheet loss, particularly in Greenland, contributed to sea level rise. Antarctic sea ice reached record-low levels, while Arctic sea ice remained within the historical range. Looking ahead to 2024, predictions indicate that it is likely to be slightly warmer than 2023. However, the long-term trend of increasing global temperatures driven by human emissions of greenhouse gases remains a significant concern.
[#renewables] — A new report from the International Energy Agency reveals that global renewable energy capacity is projected to fall short of the tripling target set at the COP28 conference. Despite the plummeting costs of renewable technology, challenges such as high interest rates and supply chain disruptions are hindering the growth of renewables. Additional policy interventions and financing are needed to meet the target, especially in the wind industry. Long permitting timelines and the need for funding in developing countries are also highlighted as challenges in the transition to renewable energy.
[#cop29host] — The United Nations climate summit COP29 will be held in Baku, Azerbaijan, a country with a significant historical connection to the oil industry. Azerbaijan's oil industry played a crucial role in the development of the modern oil industry, and the country still has vast natural gas reserves. While Azerbaijan's fossil fuel sector is a major contributor to its economy, it also leads to corruption and human rights abuses. The hosting of COP29 in Azerbaijan highlights Europe's continued dependence on oil and gas, despite its climate policy goals. Additionally, the increasing number of rocket launches for the space race is raising concerns about pollution and its impact on the atmosphere.
That’s it for this week folks!
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See you all next week 👋