From flooded markets in Nigeria . . . to boiling highways in Texas . . . and bargains with Big Oil in Canada, climate news articles are a global kaleidoscope of resilience, rebuilding, innovation, risk, and raw political choices.
Question: What do you see? Share your thoughts with Youth4Planet’s Climate Action Tiger (C.A.T.) and Y4P’s chargé de mission christian@youth4planet.org . . . Let’s keep roaring for climate action . . . climate action that is FIT-FOR PURPOSE.
Here are this week’s Financial Times #ClimateCapital + Bloomberg #Green news articles that Youth4planet🇱🇺’s C.A.T. and I want to draw your attention to:
▷ Financial Times: Bank of England staff depart after downgrade of climate risk . . . Ex-employees tell FT that climate change was deprioritised under governor Andrew Bailey . . . The UK financial sector is underprepared for climate change risk assessment #GiftLink https://on.ft.com/4dUioVK
▷ Bloomberg: Singapore took a step toward importing up to 1 gigawatt of solar power from Indonesia, part of the tiny city-state’s efforts to shore up energy security via cross-border links https://bit.ly/43HAHZh
▷ Financial Times: Mark Carney courts oil industry in bid to Trump-proof Canada’s economy . . . Prime minister and Liberal party head touts ‘grand bargain’ with fossil fuel sector #GiftLink https://on.ft.com/43Khlmy
▷ Bloomberg: Highways Baking at 158F Signal a Red-Hot Summer From China to the US . . . Extreme heat in the coming months threatens to tax power grids, wilt crops and inflict billions of dollars in economic losses https://bit.ly/3ZevzKX
▷ Financial Times: Chinese battery glut plugs into solar boom to power Pakistan . . . Steep fall in energy storage prices proves a game-changer for businesses #GiftLink https://on.ft.com/4mEhJvn
▷ Bloomberg: At Least 151 People Confirmed Dead in Nigeria Floods . . . The death toll from devastating flooding in a market town in Nigeria’s north-central state of Niger rose to at least 151 on Saturday, the local emergency service said, amid efforts to find more victims https://bit.ly/4ky6MKr
▷ Financial Times: Texas Republicans fail in move to curb renewable energy projects . . . Backing for green programmes in oil-rich state bucks Donald Trump’s national fossil fuel push https://on.ft.com/4kIchpr
▷ Bloomberg: Congress Could Unravel Biden’s Climate Law. Here’s What to Watch . . . How Republicans want to remake the Inflation Reduction Act https://bit.ly/45JQLMK
▷ Financial Times: Union Investment, one of Germany’s largest asset managers, has divested all of its holdings in US oil major ExxonMobil, accusing the company of “insufficient commitment” to climate targets #GiftLink https://on.ft.com/43s9rzl
▷ Bloomberg: The U.S. Department of Energy (DOE) is canceling some $3.7 billion in government support for clean energy projects it said did not warrant continued backing from the Trump administration #GiftLink https://bit.ly/4mGEMpk
▷ Financial Times: US moves to open Alaskan wilderness to oil drilling with Biden rule rollback . . . U.S. Department of the Interior proposes to scrap restrictions as Trump seeks to fulfil campaign pledge to oil industry #GiftLink https://on.ft.com/3HBAOhG
▷ Bloomberg: China has ramped up weather modification measures to bolster rainfall across parched wheat-growing areas in the north of the country, just as farmers accelerate the harvesting of their crops https://bit.ly/4jHH6di
