THE BRIEF [July 8-14'24]
1.64C, 47 endangered species caught on camera, not a tomorrow problem and all our tricks worked "says" Exxon.
Welcome to this week’s edition of The Weekly Climate 🎉
References: [1], [2], [3], [4], [5] and [6].
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‼️News you can’t miss
Here’s one important scary/bad (🙀), good (😻), interesting (😼) and fossil (💩) news item.
🙀 1.64C between July 2023 and June 2024
😻 Newly restored forest in Borneo captured 47 endangered species on camera
😼 Not a tomorrow problem: Companies getting onboard with green transition wins
💩 Exxonmobil “ad”: All our tricks worked!
This week’s highlights
[#heat] — June 2024 marked the 13th consecutive month of breaking global heat records, surpassing the previous record for the hottest June on record. Heat waves are becoming stronger and more frequent under climate change, causing significant health risks and compounding the impacts of other disasters. The burden of urban heat is not equally distributed, with historically redlined neighborhoods experiencing hotter summers. The trend of increasing temperatures is concerning, as it surpasses the long-term goal of limiting global warming to 1.5 degrees Celsius. According to the Copernicus Climate Change Service, average global temperatures between July 2023 and June 2024 were the highest on record, with the Earth being 1.64°C hotter than in pre-industrial times. This is a significant milestone as the global warming trend continues to accelerate. The World Meteorological Organization warns that we are off track to meet the goals set in the Paris Agreement and emphasizes the urgent need to cut greenhouse gas emissions. The battle to limit temperature rise to 1.5 degrees will be crucial in the 2020s.
[#gaswaste] — The article discusses the environmental and public health challenges of oil and gas waste disposal in the United States. It highlights the use of injection wells as a common practice for disposing of oil and gas wastewater, despite concerns about long-term consequences. The article also explores the problems with injection wells, the impacts of oil and gas waste, and alternative methods of waste disposal.
[#wildfirebrazil] — Early wildfires in Brazil, including in the Pantanal wetlands and Cerrado savanna, are causing alarm as they spread across biodiverse areas. The fires, fueled by extreme weather conditions and exacerbated by climate change, are occurring earlier than usual and are expected to have a devastating impact on these important ecosystems. Efforts to control the fires are being hampered by the vastness of the affected areas and the difficulty of accessing them.
[#nottomorrow] — The low-carbon transition in the manufacturing and infrastructure sectors has concentrated market share among early movers, displacing revenues of legacy players. Electric vehicle adoption and renewable energy deployment have significantly impacted the automotive and power utility sectors, with some companies experiencing revenue growth while others face losses. By 2025, revenue displacement is expected to double, reaching $203 billion. The global low-carbon transition has seen $1.8 trillion in investments in 2023, with solar and wind accounting for 14% of global electricity generation and 18% of electric vehicle sales.
That’s it for this week folks!
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