"The United Nations on Monday published a draft text setting out what the COP27 climate summit could agree on "loss and damage" financing for countries ravaged by climate impacts. The negotiating text will be debated and reworked by diplomats and ministers from nearly 200 countries before its hoped-for adoption at the end of the summit, negotiatiors said."
Economy & Business
As the economic impacts of climate change intensify, reporting on how individuals are affected, particularly in the Global South, is lagging. Veteran journalist Christine Spolar at The Pulitzer Center for Crisis Reporting details a new initiative to encourage journalists to fill this gap. The story of recent grantees Bhasker Tripathi and Susan Schulman, who have tracked job losses and migrations tied to climate change in India and Iraq.
"Financial institutions have made big climate pledges. But they’ve also found reasons and ways to pass the buck, continuing to funnel money toward fossil fuels. Here’s why."
"The $4.2 billion Clean Water, Clean Energy, Green Jobs Environmental Bond Act was overwhelmingly passed by voters — and lawmakers said it will not result in a tax increase."
"As global warming delivers cascading weather disasters, leaders at U.N. climate talks say it’s time to radically overhaul the World Bank and International Monetary Fund."
"Companies pledging to get their emissions down to net zero better make sure they’ve got a credible plan and aren’t just making false promises, U.N. experts said in a report Tuesday urging tough standards on emissions cutting vows."
"Bornite Camp is beyond all the roads in North America, on the southern edge of the massive Brooks Range. It’s home to grizzly bears, and the caribou, moose, and salmon essential to the survival of Alaska Natives who live off the land."
"Climate change is unleashing “far-reaching and worsening” calamities in every region of the United States, and the economic and human toll will only increase unless humans move faster to slow the planet’s warming, according to a sprawling new federal report released Monday.
“The things Americans value most are at risk,” the National Climate Assessment authors, who represent a broad range of federal agencies, write in the draft report. “Many of the harmful impacts that people across the country are already experiencing will worsen as warming increases, and new risks will emerge.”
"About $2tn (£1.75tn) will be needed each year by 2030 to help developing countries cut their greenhouse gas emissions and cope with the effects of climate breakdown, new data suggests."