To Stop Climate Change, Use the Power of Price

(Bloomberg Opinion) — A barrel of oil fetches about $80 on the global market. Consider the power of that price: It has driven extensive human endeavor, trillions of dollars in investment, technological breakthroughs, the creation of some of the world’s largest companies — all to extract fossil fuels from wherever in the world they can…

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Year 2024 exceeds 1.5°C threshold, becomes hottest year, says C3S report

The year 2024 was the hottest globally, marking the first time average global temperatures surpassed the 1.5°C threshold above pre-industrial levels, said the Copernicus Climate Change Service (C3S) on Friday. The average annual global temperature last year was 1.6°C higher than pre-industrial times (average of the 1850-1900 period), it said. With this, 2024 has overtaken…

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Beating Climate Change Demands Unwavering Dedication

(Bloomberg Opinion) — This year’s Climate Week NYC has begun with unusual momentum. Last year’s COP28 United Nations climate summit in Dubai resulted in unprecedented commitments. Governments agreed to triple renewable energy capacity and double the increase in energy efficiency worldwide. Half the oil and gas industry pledged to cut methane emissions by three-quarters. The…

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