Daily updates on climate change and the global economy.

Daily updates on climate change and the global economy.
Stay current with what’s happening around the world with a quick scan of top news.

Daily updates on climate change and the global economy.
Stay current with what’s happening around the world with a quick scan of top news.

Daily updates on climate change and the global economy.
Stay current with what’s happening around the world with a quick scan of top news.

Daily updates on climate change and the global economy.
Stay current with what’s happening around the world with a quick scan of top news.

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“Talk of a soft landing for the global economy is premature – many dark scenarios are lurking.

“Big obstacles to rising living standards remain, from populism to protectionism, military conflict to the climate crisis, and China to Wall Street… The doomsday scenario may not happen… There may be a transformative global green new deal. But at the moment it doesn’t feel like it.”

https://www.theguardian.com/business/2024/mar/17/talk-of-soft-landing-for-global-economy-premature-many-dark-scenarios-are-lurking


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“It’s Looking a Lot Like World War II Out There… [not endorsing the article’s framing but posting as reflection of the zeitgeist]

“The first lesson is that international order can collapse with devastating thoroughness and speed. In retrospect, we know what happened in the 1930s. Breakdowns of regional order produced a crisis of global security.”

https://www.bloomberg.com/opinion/features/2024-03-17/it-s-looking-like-world-war-ii-out-there-with-russia-china-iran


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“Niger’s junta has ended a military agreement that allowed US personnel to be deployed in the country.

“Saturday’s announcement came in the week that a delegation from Washington had been in Niamey for talks with the country’s military leadership… This latest announcement by the junta, in power since last July, comes as it moves closer to Russia and after French troops were kicked out in December.”

https://www.bbc.co.uk/news/world-africa-68590531


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“Niger Termination of U.S. Military Ties Followed Accusation of Iran Uranium Deal.

“Niger’s decision to end its counterterrorism alliance with Washington came after senior U.S. officials accused the country’s ruling junta of secretly exploring a deal to allow Iran access to its uranium reserves, Nigerien and U.S. officials say.”

https://www.wsj.com/world/africa/niger-once-key-u-s-counterterrorism-ally-ends-military-ties-7db66dbe


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“Kazatomprom / Largest Producer Warns World May Not Have Enough Uranium After 2030.

“Kazatomprom, the world’s largest uranium producer, has confirmed it will not be able to meet its previous production forecasts and has warned that the world may not have enough uranium production to meet global demand after 2030.”

https://www.nucnet.org/news/largest-producer-warns-world-may-not-have-enough-uranium-after-2030-3-1-2024


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“For the first time in history, interest payments on non-mortgage debt in the US are equivalent to interest on mortgage debt, at $575 billion.

“Exactly 3 years ago, interest on non-mortgage debt was at $250 billion… Americans are “fighting” inflation with high interest rate debt. How is this sustainable?”

https://twitter.com/KobeissiLetter/status/1769053555443257735


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“As the climate crisis continues to pose a global threat, top economists are debating its effect on the U.S. economy.

“Mark Zandi, chief economist at Moody’s Analytics, projects “physical risks” will be the biggest economic cost over the next 10 to 20 years. These are damages caused by natural disasters, which are now occurring at greater frequencies…”

https://www.cnbc.com/2024/03/17/sachs-roubini-and-zandi-on-how-the-climate-crisis-affects-economy.html


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“After coming under attack from both environmentalists and investors in the first half of his seven-year tenure at the helm of Exxon Mobil Corp., Darren Woods is on the offensive…

“Woods is becoming much more strident about climate goals in speeches and interviews, arguing that fossil fuels will still be needed for years to come to meet energy demand…”

https://finance.yahoo.com/news/exxon-chief-goes-offensive-wall-160026597.html


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“Climate activists in four countries are blocking access to North Sea oil infrastructure as part of a coordinated pan-European civil disobedience protest.

“Blockades have been taking place at oil and gas terminals, refineries and ports in Germany, the Netherlands, Norway and Sweden, in protest at the continued exploitation of North Sea fossil fuel deposits.”

https://www.theguardian.com/environment/2024/mar/16/climate-activists-across-europe-block-access-to-north-sea-oil-infrastructure


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“Britain should use conscription to deter Russia, urges NATO ally…

“In an exclusive interview with The Telegraph, Latvia’s foreign minister called on Nato countries to consider a “total defence” model in which large numbers of citizen-soldiers can be called up at short notice. Krisjanis Karins also said it was “inevitable” that the UK would have to increase its defence spending to three per cent of GDP.”

https://www.telegraph.co.uk/news/2024/03/16/britain-conscript-citizens-army-deter-russia/


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“European banks must brace themselves for rising insolvencies, greater geopolitical risks and upheaval in energy-intensive industries, the eurozone’s new chief banking supervisor has warned…

““It’s just extremely unlikely that we would have a period of structural change where there’s no increase in defaults,” she said.”

https://www.ft.com/content/537a9365-df30-4348-b791-b44cab2708ae


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“Germany Is in Recession Due to First-Quarter Slump, Survey Shows.

“Germany is in recession and its economy will hardly grow this year, according to a Bloomberg survey. Gross domestic product will contract 0.1% in the first quarter, the March 8-14 poll showed.”

https://www.bloomberg.com/news/articles/2024-03-18/germany-is-in-recession-due-to-first-quarter-slump-survey-shows


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“Farmers protest in Madrid despite EU concessions. Thousands of Spanish farmers protested with tractors in Madrid on Sunday, as Polish farmers blocked a highway leading to Germany.

“Dozens of tractors and hundreds of farmers returned to Madrid on Sunday denouncing the European Union’s agricultural politics.”

https://www.euronews.com/2024/03/18/farmers-protest-in-madrid-despite-eu-concessions


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“China Coal Output Posts First Decline Since Beijing Ordered More [peak coal for China?].

“China’s output of thermal coal has fallen for the first time in years, adding to signs that Beijing’s long campaign to bolster energy security by digging more of the fuel may have reached its apex.”

https://www.bloomberg.com/news/articles/2024-03-18/china-coal-output-posts-first-decline-since-beijing-ordered-more


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“Taiwan war game exposes vulnerability of energy grid to a China attack…

““We have power supply shortfalls even now, not to mention in wartime,” said Liang Chi-yuan, professor at the Research Center for Taiwan Economic Development at National Central University, who led discussions on energy resilience during the two-day table top exercise this week.”

https://www.ft.com/content/9ac24303-aef9-4a73-825d-c32366a9cde6


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“The Myanmar conflict is a regional problem…

“…vast numbers of Myanmar citizens — over two million within Myanmar and some 1.5 million refugee seekers — have been forced from their homes since the coup. Estimates suggest nearly half of Myanmar’s population, i.e., 25 million people, is living in conditions of poverty. The result is a highly destabilising situation for Myanmar and its neighbours.”

https://www.thehindu.com/opinion/op-ed/the-myanmar-conflict-is-a-regional-problem/article67961958.ece


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“Afghanistan’s ruling Taliban said on Monday that Pakistan carried out two air strikes inside Afghan territory, killing eight women and children.

“A Taliban spokesman “strongly” condemned the strikes on Afghan soil, calling it a violation of the country’s sovereignty. The Pakistan army and the foreign office did not immediately respond to a request for comment.”

https://www.reuters.com/world/asia-pacific/pakistan-carried-out-two-air-strikes-inside-afghanistan-killed-8-people-taliban-2024-03-18/


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“Iraq’s migration ministry will stop all aid for displaced persons in the Kurdistan Region on July 30, an official from the ministry told Rudaw on Sunday…

“Baghdad wants to close down all IDP camps in the country… Human rights advocates have expressed concern about the push and said that no one should be forced to leave the camps and all returns must be voluntary.”

https://www.rudaw.net/english/middleeast/iraq/170320242


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“Egypt, mired in economic crisis, sells off its land and infrastructure to Gulf countries.

“For the past decade, the heavily indebted country has been selling off tourism, agricultural and port assets to the United Arab Emirates and Saudi Arabia.”

https://www.lemonde.fr/en/economy/article/2024/03/18/egypt-mired-in-economic-crisis-sells-off-its-land-and-infrastructure-to-gulf-countries_6629364_19.html


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“Algeria Accuses UAE, Israel of Conspiring with Morocco in Sahel and Western Sahara.

“A new report reveals escalating tensions between Algeria and the UAE over alleged conspiracies involving Morocco and Israel in the Sahel region and Western Sahara”

https://www.moroccoworldnews.com/2024/03/361440/algeria-accuses-uae-israel-of-conspiring-with-morocco-in-sahel-and-western-sahara


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“‘I can’t drink my coffee and see the Hezbollah flag’: calls for a wider war on Israel’s border…

“If Hezbollah fighters stay in place at the border when the guns fall quiet, areas inside Israel will be turned into a buffer zone where only the old, the eccentric and the very poor are willing to live in the shadow of an attack, they say.”

https://www.theguardian.com/world/2024/mar/17/calls-wider-war-israel-border-hezbollah


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“A defiant Benjamin Netanyahu has vowed to press ahead with a long-expected assault on the southern Gaza city of Rafah, despite international criticism.

“The Israeli prime minister was speaking on Sunday following a meeting with German Chancellor Olaf Scholz as he reiterated his promise to “eliminate the remaining terrorist battalions in Rafah”.”

https://news.sky.com/story/netanyahu-vows-to-push-ahead-with-assault-on-rafah-despite-international-criticism-13097093


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“Yemen’s humanitarian crisis set to deepen during Ramadan, as Red Sea tensions grow.

“With the staggering depreciation of the currency and rising food prices, aid agencies face a perfect storm to prevent further catastrophe in Yemen… “We sleep all day so we don’t have to feel the pain of being hungry,” says Mohammed, 28, who fled the conflict in Al Hodeidah…”

https://www.independent.co.uk/arts-entertainment/photography/yemn-malnutrition-crisis-red-sea-b2510327.html


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“WHO: World Ignores Catastrophic Humanitarian Situation in Sudan…

“Since the conflict began April 15, 2023, tens of thousands of people have been killed and injured, millions have been forcibly uprooted from their homes and among the 18 million people suffering from acute hunger, 5 million are on the brink of famine…”

https://www.voanews.com/a/who-catastrophic-humanitarian-situation-in-sudan-ignored-by-world/7531294.html


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“The war the world forgot – displacing seven million and counting…

“Thirty years on from the Rwandan genocide, the Democratic Republic of Congo still bears the conflict’s brutal scars… Lost in this haze of armies and militias are civilians with decades of horror stories… There are few places left to hide.”

https://www.telegraph.co.uk/world-news/2024/03/17/congo-rwanda-genocide-anniversary-war-world-forgot/


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“Protest erupts in eastern Cuba amid blackouts, food shortages.

“Hundreds in Cuba’s second-largest city, Santiago, engaged in a rare public protest on Sunday, according to social media and official reports, prompting Cuban President Miguel Diaz-Canel to call for dialogue in an “atmosphere of tranquility and peace.””

https://www.reuters.com/world/americas/protest-erupts-eastern-cuba-amid-blackouts-food-shortages-2024-03-18/


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“Haiti healthcare system on verge of collapse as gang warfare rages on.

“Only a single hospital in Port-au-Prince remains open, with others devoid of staff as patients look for care and the dead pile up… victims of the violence have little hope of medical attention, according to aid workers in the stricken Caribbean country.”

https://www.theguardian.com/global-development/2024/mar/17/haiti-healthcare-system-collapse-gang-warfare


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“Aruba prime minister resigns amid investigation, economic collapse.

“Aruba’s prime minister resigned on Tuesday after prosecutors on the Dutch Caribbean island announced an investigation into one of the parties making up her ruling coalition for suspected embezzlement of funds, the government said in a statement.”

https://uk.movies.yahoo.com/movies/aruba-prime-minister-resigns-amid-232550776.html


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“The plastic industry knowingly pushed recycling myth for decades, new report finds…

“There’s a recognition that plastic is so engrained in modern life, and it plays important roles in medical devices and other things, that it’s almost impossible to envision a world where we move completely beyond plastic.”

https://www.pbs.org/newshour/show/the-plastic-industry-knowingly-pushed-recycling-myth-for-decades-new-report-finds


You can read the previous “Economic” thread here. I’ll be back tomorrow with a “Climate” thread.

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