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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“Ending growth won’t save the planet… Curtailing economic growth will not save the planet from catastrophic climate change. [WaPo Editorial Board]…

““Degrowth” — the brand name for neo-Malthusianism — ignores how ingenuity and innovation have repeatedly empowered humanity to overcome ecological constraints identified by Malthus, Ehrlich, et al.”

https://www.washingtonpost.com/opinions/2024/06/21/degrowth-climate/


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“Climate change is already making your bills more expensive…

“As human-created greenhouse gas emissions wreak planetary chaos, researchers forecast even more economic effects, driving temporary price increases — and raising risks for longer-term inflation, especially as spikes become more frequent.”

https://www.washingtonpost.com/business/2024/06/23/climate-change-warming-economy-impacts/


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“‘You feel death at your doorstep but have no choice’: Extreme heat takes toll on outdoor workers [US]…

“Another punishing wave of intense heat has put much of the US in a vice grip this week, subjecting some workers to dangerous (if not deadly) conditions; disrupting small and large businesses; sapping away consumer spending and tourism; and taking a big bite out of economic activity.

https://edition.cnn.com/2024/06/21/economy/outdoor-workers-extreme-heat-temperature/index.html


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“German Economy Minister Robert Habeck said on Sunday that China was indispensable to achieving global climate goals and must find a safe alternative to coal, which accounted for nearly 60% of China’s electricity supply in 2023.

“Officials told Habeck that China was expanding coal production for security reasons…”

https://www.reuters.com/business/environment/german-minister-says-china-indispensable-achieve-climate-goals-2024-06-23/


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“Climate and energy have emerged as a federal election flashpoint. But unless the economy improves, will voters be listening? [Australia]…

“With a federal election due by May 2025, few doubt it will be fought over the high cost of living, with emphasis on energy policy and the punishing effects of electricity prices. But the underlying condition of the economy will determine the salience of these arguments with voters.”

https://theconversation.com/climate-and-energy-have-emerged-as-a-federal-election-flashpoint-but-unless-the-economy-improves-will-voters-be-listening-232903


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“Future of new oil and gas projects in UK thrown into doubt after landmark Supreme Court decision.

“The case hinged around an oil drilling project at Horse Hill in Surrey, granted planning permission by Surrey Count Council in 2019. The ruling could now have immediate implications for other fossil fuel extraction projects.”

https://news.sky.com/story/future-of-new-oil-and-gas-projects-in-uk-thrown-into-doubt-after-landmark-supreme-court-decision-13155934


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“Bulk of UK renewables projects fail to get beyond planning stage.

“The majority of Britain’s onshore renewable energy projects are failing to get beyond the planning stage, according to analysis that highlights the challenges the country still faces in hitting its clean energy targets.”

https://www.ft.com/content/1fd56de4-5930-4fd6-a683-a98d8ac09cab


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“Survey: France’s far-right National Party to lead first round of election.

“The alliance of President Emmanuel Macron will fall to third place, while the People’s Front, formed by left-wing and environmentalist parties, is expected to come in second, according to the recent polls.”

https://www.trtworld.com/europe/survey-frances-far-right-national-party-to-lead-first-round-of-election-18176169


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“The real risks for investors after the rise of the European far right…

“The European elections have revived he narrative of a fractured Europe where socio-economic views seem to be shifting against the EU’s stated policy prioritiesthere are risks at both a national and EU level that could have longer- term consequences for companies and markets.”

https://www.ft.com/content/ad264b31-cf2c-44b3-a196-d3b2a8ba335c


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“Poland mulls closing border with Belarus, minister says.

“Since mid-2021, Poland has experienced an influx of migrants from the Middle East at its border with Belarus, which, according to Warsaw, is being orchestrated by Minsk. The government is making efforts to reinforce the border… but this has not stopped migrants from attempting to cross.”

https://www.euractiv.com/section/politics/news/poland-mulls-closing-border-with-belarus-minister-says/


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“EU devises legal loophole to bypass Hungary veto on support for Ukraine…

“The EU has devised a legal workaround to sidestep Hungary’s veto on buying weapons for Ukraine with the profits generated by Russia’s frozen assets this year, in a move that could also clear the way for the G7 to pay $50bn to Kyiv.”

https://www.ft.com/content/88dd9521-30c0-475f-b635-3d04190b82e4


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“Russia and Ukraine traded attacks which resulted in casualties overnight and into Sunday, officials from both sides say.

“At least five people were killed, including three children, in a Ukrainian attack on Crimea on Sunday, according to the Russian defence ministry, which said the supply of missiles made the United States responsible for the attack.

https://www.aljazeera.com/news/2024/6/23/russia-ukraine-conduct-air-attacks-on-multiple-cities-as-war-intensifies


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“Gunmen have attacked churches, a synagogue and a police post in Russia’s North Caucasus region of Dagestan, killing at least 15 police and National Guard officers, several civilians and an Orthodox priest, according to authorities.

“At least 12 people were injured in the attacks, which took place in the cities of Derbent and Makhachkala on Sunday…”

https://www.aljazeera.com/news/2024/6/23/synagogue-church-attacks-in-russias-dagestan-kill-police-report


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“At least one person is dead and several others wounded following a shootout Sunday at a Russian police checkpoint along the border between Russia’s Krasnodar Krai region and Georgia’s breakaway region of Abkhazia…

“In 2008, a five-day conflict broke out between Georgia and Russia over the breakaway regions of South Ossetia and Abkhazia.”

https://www.aa.com.tr/en/europe/at-least-1-killed-in-shootout-at-russia-abkhazia-border/3256404


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“‘They won’t silence us’: beaten Georgia activist says protests will continue…

“Berdzenishvili, a prominent activist and co-founder of the Georgian pro-democracy movement Shame, was ambushed and beaten outside his house last week by a group of unknown assailants who pushed and kicked him to the ground.”

https://www.theguardian.com/world/article/2024/jun/24/beaten-georgia-activist-protests-continue-elections


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“US aircraft carrier arrives in South Korea amid tensions with North Korea…

“A nuclear-powered United States aircraft carrier has arrived in South Korea for three-nation exercises aimed at stepping up military training, days after North Korea and Russia signed a mutual defence pact.”

https://www.aljazeera.com/news/2024/6/22/us-aircraft-carrier-arrives-in-south-korea-amid-tensions-with-north-korea


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“South China Sea: Philippines’ anti-ship missile base puts Scarborough Shoal in cross hairs…

“The Philippines’ installation of an anti-ship missile base facing the South China Sea marks a “quantum leap” in its defences and will give Beijing pause, observers say – even as Manila remains outmatched by China’s superior military might.”

https://www.scmp.com/week-asia/politics/article/3267598/south-china-sea-philippines-anti-ship-missile-base-puts-scarborough-shoal-cross-hairs


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“Autocracy is ‘evil’, Taiwan president says after China threatens death for separatism…

“Democracy is not a crime and autocracy is the real “evil”, Taiwan President Lai Ching-te said on Monday after China threatened to impose the death penalty in extreme cases for “diehard” Taiwan independence separatists.”

https://www.reuters.com/world/asia-pacific/autocracy-is-evil-taiwan-president-says-after-china-threatens-death-separatism-2024-06-24/


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“India shuns China’s calls to resume passenger flights after 4 years, officials say…

“China is pressing India to restart direct passenger flights after a four-year halt, but New Delhi is resisting as a border dispute continues to weigh on ties between the world’s two most populous countries, officials said.”

https://www.reuters.com/world/asia-pacific/india-shuns-chinas-calls-resume-passenger-flights-after-4-years-officials-say-2024-06-20/


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“Widespread protests erupt in Iraq over power outages as temperatures hit 50°C and above…

“The power outages have left many Iraqis without air conditioning or refrigeration during the hottest parts of the day, leading to growing public discontent. Demonstrators have taken to the streets, demanding urgent government action…”

https://www.newarab.com/news/scorching-heat-long-power-outages-prompt-iraqis-protest


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“In a statement on Wednesday, Kuwait’s Ministry of Electricity, Water and Renewable Energy said scheduled power cuts would occur for up to two hours a day, in the first such step for the OPEC member state. [Yes, those are melted traffic cones.]

“It blamed the cuts on “the inability of power plants to meet increased demand” during peak hours amid “a rise in temperatures compared to the same period in previous years.”

https://tribune.com.pk/story/2473068/kuwait-announces-power-outages-as-demand-surges-amid-summer-heat


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“Netanyahu says Israel is winding down its Gaza operations. But he warns a Lebanon war could be next…

“The comments threatened to further heighten the tensions between Israel and Hezbollah at a time when they appear to be moving closer to war. Netanyahu also signaled that there is no end in sight for the grinding war in Gaza.”

https://www.washingtonpost.com/world/2024/06/23/israel-palestinians-hamas-war-news-06-23-2024/762acb86-314f-11ef-872a-1d22f44a0d95_story.html


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“Is Beirut Airport being used by Hezbollah to store explosives and missiles?

“An investigation by the UK Telegraph newspaper quote whistleblowers claiming Lebanon’s main civilian airport has received a huge cache of Iranian-made weapons, being used against Israel. More information with FRANCE 24 correspondent in Beirut Rawad Taha.”

https://www.france24.com/en/video/20240623-is-beirut-airport-being-used-by-hezbollah-to-store-explosives-and-missiles


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“Israel’s Iron Dome anti-missile batteries risk being overwhelmed in the opening strikes of any significantly escalated conflict with Hezbollah.

“The assessment delivered by US officials late last week, echoing recent analysis by experts in Israel and the United States, comes amid fears that a war with Hezbollah could be a… dangerous undertaking.”

https://www.theguardian.com/world/article/2024/jun/23/israel-iron-dome-hezbollah-war-lebanon


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“Thousands of Iran-backed fighters offer to join Hezbollah in its fight against Israel…

“Hezbollah leader Hassan Nasrallah said in a speech Wednesday that militant leaders from Iran, Iraq, Syria, Yemen and other countries have previously offered to send tens of thousands of fighters to help Hezbollah, but he said the group already has more than 100,000 fighters.”

https://www.washingtonpost.com/world/2024/06/23/lebanon-israel-iraq-syria-hezbollah-fighters-iran/2ab1fa52-311e-11ef-bcdf-31cdebd3022f_story.html


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“Prospects for West Bank are bleak amid rising violence with world’s eyes on Gaza.

“Since the Hamas attacks, Israeli security forces have worked to prevent the West Bank from becoming another front in the war, although there is evidence that their draconian approach is actually pushing the area closer to collapse.”

https://news.sky.com/story/prospects-for-west-bank-are-bleak-amid-rising-violence-with-worlds-eyes-on-gaza-13157695


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“Yemen’s Houthis claim joint raid on Israeli ships with Iraqi militia…

“Yemen’s Houthis have claimed carrying out a joint military operation with an Iranian-backed Iraqi militia, known as the Islamic Resistance in Iraq, to target four vessels in Israel’s Haifa port… Israel’s Channel 12 reported an explosion occurred in Haifa at dawn…”

https://www.aljazeera.com/news/2024/6/23/yemens-houthis-claim-joint-raid-on-israeli-ships-with-iraqi-militia


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“UK ‘tried to suppress criticism’ of alleged UAE role in arming Sudan’s RSF militia.

“UK government officials attempted to suppress criticism of the United Arab Emirates and its alleged role in supplying arms to a notorious militia waging a campaign of ethnic cleansing in Sudan, sources have told the Guardian.”

https://www.theguardian.com/global-development/article/2024/jun/24/uk-allegedly-suppressing-criticism-uae-arming-sudan-rsf-militia-genocide-darfur


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“Congo: Militias using machetes and guns leave at least 23 dead in attacks on villages…

“The motive for the attacks was not clear but militia violence in Congo is linked to long-running competition for influence and the region’s rich mineral resources. The human rights situation in Ituri has deteriorated since the beginning of the year…”

https://news.sky.com/story/congo-militias-using-machetes-and-guns-leave-at-least-23-dead-in-attacks-on-villages-13157355


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“Coup-hit Niger was betting on a China-backed oil pipeline as a lifeline. Then the troubles began…

“Analysts say the crises could further hurt Niger, one of the world’s poorest countries which funds most of its budget with now-withheld external support in the aftermath of the coup.”

https://www.scmp.com/news/world/africa/article/3267740/coup-hit-niger-was-betting-china-backed-oil-pipeline-lifeline-then-troubles-began


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“Another Crescent: Iran’s Brewing Influence in the Sahel Region…

“Economically, Iran aims to access the region’s natural resources, such as gold, uranium, and other valuable minerals, to support its economic needs… the recent wave of coups in the Sahel region presents Iran with opportunities to advance its anti-Western agenda.”

https://thegeopolitics.com/another-crescent-irans-brewing-influence-in-the-sahel-region/


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“Inflation, recession force Argentines to eat less beef…

“Argentines, famed for steakhouses, sprawling cattle ranches and asado barbecues, are consuming less beef than ever, forced to tighten their belts by triple-digit inflation and a recession. Beef consumption is down almost 16% this year so far in the South American nation…”

https://www.reuters.com/markets/commodities/meat-loving-argentines-eat-less-beef-inflation-bites-2024-06-22/


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“Bitter political fight in Bolivia is paralyzing the government as unrest boils over economic crisis…

“With prices surging, dollars scarce and lines snaking away from fuel-strapped gas stations, protests in Bolivia have intensified over the economy’s precipitous decline from one of the continent’s fastest-growing two decades ago to one of its most crisis-stricken today.”

https://www.winnipegfreepress.com/business/2024/06/22/bitter-political-fight-in-bolivia-is-paralyzing-the-government-as-unrest-boils-over-economic-crisis


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“Fresh unrest in New Caledonia after independence activists flown to France for detention…

“Buildings, including a police station and a town hall, were set on fire in New Caledonia overnight, authorities said, as the French Pacific territory was hit by a new surge of unrest.”

https://www.theguardian.com/world/article/2024/jun/24/new-caledonia-unrest-independence-activists-france-detention


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“This is truly incredible: Nvidia, $NVDA, is now larger than the entire French and UK stock markets.

The company’s market cap has skyrocketed by over $2 trillion year-to-date with the stock up 174% in 2024. 5 years ago, Nvidia wasn’t even one of the 20 largest public companies in the world.”

https://x.com/KobeissiLetter/status/1804141149877158116


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“The multitrillion-dollar [shadow banking] threat that could spark another financial crisis…

“Last week, the Federal Reserve Bank of New York published a series of blog posts on the interconnections between the regulated banking system and the less regulated (or effectively unregulated) non-banks. Their conclusion was that non-banks pose an increasing risk to America’s big banks.”

https://www.smh.com.au/business/banking-and-finance/the-multitrillion-dollar-threat-that-could-spark-another-financial-crisis-20240624-p5jo3y.html


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“What nuclear annihilation could look like… “The survivors would envy the dead.”

“I invited author, Annie Jacobsen on The Gray Area to talk about what a nuclear exchange would really look like and how perilously close we are to that reality.”

https://www.vox.com/the-gray-area/356044/nuclear-annihilation-annie-jacobsen


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

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