EU watchdog piles pressure on banks to better quantify climate risks 16/10/2023

Banks may not be fully reflecting risks from climate change in their capital buffers and several changes will be introduced over the next three years to help rectify this, the European Union's banking watchdog said on Thursday. ...more

European airlines say sustainable fuel targets may mean higher fares, consolidation 16/10/2023

European airline chiefs said on Thursday the industry needs to make more money and may consolidate further to pay for sustainability targets, a trend likely to lead to higher fares for passengers on top of rising demand for air travel. ...more

Scientists track 'alarming' melt in Antarctic ice shelves 16/10/2023

Around 40% of Antarctica's ice shelves have significantly shrunk over the last 25 years, scientists said on Thursday, in findings the European Space Agency said were "alarming". ...more

UK's climate policy changes may raise costs and jeopardise goals, advisers say 16/10/2023

Changes to Britain's climate policies will make meeting its climate targets harder and could increase energy and transport costs for households, the country's independent advisory panel on the issue said on Thursday. ...more

Global water cycle 'spinning out of balance': UN meteorological agency 13/10/2023

The World Meteorological Organization said on Thursday that the hydrological cycle was increasingly out of balance due to climate change and made a call for a fundamental policy shift towards better monitoring. ...more

World Bank's Banga calls for removal of subsidies that harm environment 13/10/2023

World Bank President Ajay Banga called for discussions on reducing the $1.25 trillion spent each year on subsidies for agriculture, fuel and fisheries, which in turn have $5 to $6 trillion of environmental impact, as the world looks for urgently needed funds to address climate change. ...more

Global economic losses from extreme weather could hit $5 trillion, Lloyd's says 13/10/2023

Global economic losses could reach $5 trillion under a "plausible increase" in extreme weather events linked to climate change that cause crop failures and food and water shortages, insurance marketplace Lloyd's of London said on Wednesday. ...more

Half a billion cheap electrical items go to UK landfills in a year, research finds 13/10/2023

Almost half a billion small, cheap electrical everyday items from headphones to handheld fans ended up in landfill in the UK in the past year, according to research. ...more

World Cup in six countries at odds with FIFA's climate strategy, experts say 13/10/2023

FIFA's decision to hold the 2030 World Cup in six countries with fans flying to over 100 games will increase the tournament's carbon footprint and is at odds with the soccer governing body's climate commitments, experts have warned. ...more

The Government of the Kingdom of Saudi Arabia Joins the Global CCS Institute 12/10/2023

The Global CCS Institute is pleased to welcome the government of the Kingdom of Saudi Arabia (KSA), represented by the Ministry of Energy, as the latest member to join the Institute. As a member of an international think tank focused on scaling up carbon capture and storage technology (CCS), Saudi Arabia reaffirms its commitment to tackling the climate challenge through collaboration, innovation and the adoption of proven technologies. ...more