•   
  •   

US News It Took 50 Years for Climate Change to Top the Davos Agenda

04:50  24 january  2020
04:50  24 january  2020 Source:   msn.com

James Murdoch Slams Fox News and News Corp Over Climate Change Denial

  James Murdoch Slams Fox News and News Corp Over Climate Change Denial James Murdoch Slams Fox News and News Corp Over Climate Change DenialIn a long-simmering rift between factions of the Murdoch family over climate change, Rupert’s younger son, James, and his activist wife Kathryn are attacking the climate denialism promoted by News Corporation, the global media group, and also by the Fox News Channel overseen by James’ older brother, Lachlan.

“ Climate change is becoming an investment risk,” agreed Blackrock Chief Executive Officer Larry Fink in remarks this week. “This is becoming a dominant From Thunberg’s perspective, as she explained at Davos , the demonstrations that took millions to the streets last year were unexpectedly successful

The 50 th World Economic Forum opens in Davos , Switzerland this week, with climate change and how to tackle it at the top of the bill. Expect sparks to fly

In this photo made available by World Economic Forum, Britain's Prince Charles meets climate activist Greta Thunberg after he delivered a speech at the World Economic Forum in Davos, Switzerland, Wednesday, Jan. 22, 2020. (World Economic Forum via AP) © ASSOCIATED PRESS In this photo made available by World Economic Forum, Britain's Prince Charles meets climate activist Greta Thunberg after he delivered a speech at the World Economic Forum in Davos, Switzerland, Wednesday, Jan. 22, 2020. (World Economic Forum via AP)

It took five decades for global elites to put climate change at the center of the World Economic Forum, the annual gathering in Davos, Switzerland, that’s meant to shape the future and solve planet-sized problems. This year, with rising temperatures and cutting emissions finally dominating the agenda, it seemed almost no one could stop talking about it.

NASA satellites reveal smoke from Australian bushfires will take MONTHS to disperse as plumes of smoke sit as high as 20km in the atmosphere

  NASA satellites reveal smoke from Australian bushfires will take MONTHS to disperse as plumes of smoke sit as high as 20km in the atmosphere On Wednesday, US space agency NASA revealed that it will be months before bushfire smoke clears since plumes are sitting so high the atmosphere.A special message from MSN: We’re committed to help support relief efforts after the devastating Australian bushfires. You can donate directly here, and read more here.

Climate change and sustainable business will be a key focus for delegates at this year 's WEF summit, but other political risks such as international trade and High-profile attendees this year include U.S. President Donald Trump and climate activist Greta Thunberg. Both are expected to take to the stage

Despite climate topping the agenda at this year 's World Economic Forum, prominent climate change skeptic Donald Trump is one of the first speakers. Over 50 heads of state and government will be in attendance along with over 3,000 other attendees. German Chancellor Angela Merkel is due to speak

“Something which was largely on the periphery of finance has come into the mainstream,” Mark Carney, a Davos regular and the governor of the Bank of England, said at the Bloomberg Climate Forum. “These issues have moved very swiftly from being corporate social responsibility issues or more niche issues within finance to fundamental value drivers.”

The usual contradictions between green talk and the world’s rich and influential descending onto the Swiss ski resort in private jets and limousines were made more stark by this climate focus. Yet the calls for action didn’t come primarily from young activists like Greta Thunberg, who returned for her second consecutive year of speeches and planned a climate strike on Friday to mark the end of the event. 

Last decade was world's hottest ever, scientists find

  Last decade was world's hottest ever, scientists find The past decade was the hottest on record around the world, with 2019 one of the warmest years ever, scientists have confirmed. The past five years were also the warmest collectively since records began in the 19th century, all three weather centres used to measure global temperatures found.Last year saw the second highest average global temperatures, with only 2016 being hotter thanks to a significant El Nino weather pattern in the Pacific.

As the Davos agenda shows, businesses are taking note. So this year we look to major political and policy developments – the details of the EU green deal in March, the outcome of elections, particularly the US where we see the outcome as fairly binary for climate , and whether this year ’s climate talks

The debate on climate change is forcing executives from all kinds of sectors to respond to demands to stop carbon dioxide and other greenhouse gas emissions. However, none of the chief executives of the top oil companies attending the World Economic Forum were in the room. “This is just the very

Gallery: Davos World Economic Forum 2020 (Photos)

“The climate and the environment are a hot topic,” Thunberg said of this new focus. “But if you see it from another perspective, pretty much nothing has been done, since global CO2 emissions have not been reduced.”

Cut red meat and dairy consumption by 20% to reduce climate change, experts urge

  Cut red meat and dairy consumption by 20% to reduce climate change, experts urge Cut red meat and dairy consumption by 20% to reduce climate change, experts urgeIf the UK wants to meet its net zero emissions target by 2050, the population need to cut the beef, lamb and dairy it consumes by 20 per cent the Committee on Climate Change said, which it described as a "modest" reduction within the Government health guidelines.

For the first time, environmental issues made up the entire top-five risks ranked by WEF’s members. Even the names given to meeting sessions in the program had changed. Two years ago, attendees could listen to a discussion titled “The New Energy Era.” This year, there was “The Future of Fossil Fuels.”

How to address climate questions took the center of debates, with alarms sounded by powerful people. “Climate change is becoming an investment risk,” agreed Blackrock Chief Executive Officer Larry Fink in remarks this week. “This is becoming a dominant theme with more of our investors.”

United Nations Secretary-General Antonio Guterres speaks next to WEF President Borge Brende during a session at the 50th World Economic Forum (WEF) annual meeting in Davos, Switzerland January 23, 2020. REUTERS/Denis Balibouse © Thomson Reuters United Nations Secretary-General Antonio Guterres speaks next to WEF President Borge Brende during a session at the 50th World Economic Forum (WEF) annual meeting in Davos, Switzerland January 23, 2020. REUTERS/Denis Balibouse

Fink fired the starting gun last week, shortly before heading to Davos and wearing a global warming-themed scarf, by sending a letter to investors in the roughly $7 trillion asset-management firm declaring that arrival of a “fundamental reshaping of finance.” Now BlackRock plans to adopt climate considerations in its strategy and press for more companies to embrace environmental benchmarks.

But the lack of global standards on what makes businesses environmentally responsible remains a palpable concern. Even BlackRock is likely to remain invested in coal, and a common complaint among executives at Davos was that they can’t be the ones setting the standards. 

Lake Victoria could dry up again like it did 100,000 years ago

  Lake Victoria could dry up again like it did 100,000 years ago Today about 30 million people in Rwanda, Burundi, Uganda, Kenya and Tanzania rely on the lake for fishing, irrigation, drinking water and, in Uganda, electricity. Lake Victoria is also the source of one of the River Nile’s major tributaries, the White Nile. About 250 million people rely on the Nile in Ethiopia, Uganda, South Sudan, Sudan and Egypt. Huge population growth is expected in the region. All these people will increasingly rely on the lake because the region is warming and may receive less annual rainfall due to global climate change.

“I say to our clients, ‘I don’t want to be the sharp end of the spear,’” enforcing industry standards, said Michael Corbat, chief executive officer at Citigroup Inc. “You should set those, you get proper buy-in, and we will be here to support you.”

a sign on the side of a building: Preparations Ahead Of The World Economic Forum (WEF) 2020 © Bloomberg Preparations Ahead Of The World Economic Forum (WEF) 2020

Standards are hard to find. The international community failed to agree on rules to set up a global carbon market at COP25, the annual United Nations climate conference held in December. That left governments, financial institutions and companies scrambling to figure out how much emissions are worth and how much to voluntarily pay for offsetting their toll on the climate.

With no rules for a global carbon market, the European Union is determined to protect its own, which has been working for over a decade. The region is targeting carbon neutrality by 2050 and is considering imposing taxes on imports linked to high carbon dioxide emissions as part of a strategy to force trade partners to become greener.

“There is no point in only reducing greenhouse-gas emissions at home if we increase imports of CO2 from abroad,” European Commission President Ursula von der Leyen told a Davos audience. “It is a climate issue, but it is also an issue of fairness towards our businesses and workers — we will protect them from unfair competition.”

Gallery: Here's what it's really like to attend the exclusive economic conference (Business Insider)

a sign above a snow covered mountain:     Attending a       conference with 119 billionaires on a Swiss ski resort may      sound like a glamorous experience, but there is more to Davos      than meets the eye.         A lot of time is spent waiting in lines.        Some parties, including Salesforce's annual shindig hosted by          Marc Benioff,       can get pretty wild.                      Visit      Business Insider's homepage for more stories.                It might sound glamorous to attend an event frequented by    billionaires and heads of state, but Davos isn't all fun and    games.      Between the long lines, freezing cold weather, and boring panels,    attending the     World Economic Forum's annual meeting in Davos-Klosters,    Switzerland, may not be as fun as it looks if you're not a    VIP. Here's what it's really like to attend Davos.

Davos attendees, including the U.K.’s Prince Charles, voiced support for a carbon tax. German Chancellor Angela Merkel said reducing emissions could be a “ matter of survival” for Europe. But a carbon tax could also test Europe’s ties with China just as the leadership in Beijing faces pressure to set ambitious climate targets in its next five-year plan. At the same time, there was talk at Davos about how China’s fractious relationship with the U.S. would challenge any effort to rein in emissions.

“The trade war and the U.S. withdrawal of the Paris Agreement took away the pressure on China almost entirely,” said Ma Jun, the director of the Beijing-based Institute of Public and Environmental Affairs, one of the country’s top climate groups. “This is a moment of confusion and of different opinions.” 

Davos found space for conflicting views. Outside the forum, a costumed protester dressed as a plutocrat with a cigar and a money-filled briefcase posed for photos a few feet away from man saying earnestly, “What we need is to promote a circular economy.” Someone etched the slogan “Act on Climate” into the snow near the helicopter landing zone used by U.S. President Donald Trump. His speech here included swipes at unnamed environmental alarmists. “We are clean and beautiful and everything’s good,” he told an audience that included Thunberg and other young climate activists. “We must reject the perennial prophets of doom and their predictions of the apocalypse.”

The leader of Venezuela's political opposition Juan Guaido addresses the World Economic Forum in Davos, Switzerland, Thursday, Jan. 23, 2020. The 50th annual meeting of the forum is taking place in Davos from Jan. 21 until Jan. 24, 2020. (AP Photo/Markus Schreiber) © ASSOCIATED PRESS The leader of Venezuela's political opposition Juan Guaido addresses the World Economic Forum in Davos, Switzerland, Thursday, Jan. 23, 2020. The 50th annual meeting of the forum is taking place in Davos from Jan. 21 until Jan. 24, 2020. (AP Photo/Markus Schreiber)

Ian Bremmer, president of consulting firm Eurasia Group, noticed how reaction to Trump’s policies isn’t uniformly negative at Davos. “You can have Greta here, you can have a bunch of people talking about climate and sustainability,” he told Bloomberg TV, “but the reality is that Trump doesn’t drive people crazy at Davos the way he does in the United States.”

Towards the end of the week, U.S. Treasury Secretary Steven Mnuchin questioned the 17-year-old activist’s authority to talk about economic issues. “After she goes and studies economics in college,“ he said, “she can go back and explain that to us.” Thunberg made her reply in a tweet, citing scientific research.

From Thunberg’s perspective, as she explained at Davos, the demonstrations that took millions to the streets last year were unexpectedly successful in making elites talk more like climate activists. But she saw little sign of progress beyond that talk.

The Swedish teen sounded alarm bells at Davos in 2019 with a speech that famously declared: “Our house is on fire.” This year she made her disdain for those she blames for rising greenhouse-gas emissions even more clear. “We are not telling you to keep talking about reaching ‘net-zero emissions’ or ‘carbon neutrality’ by cheating and fiddling around with numbers,” Thunberg said. “The facts are clear, but they’re still too uncomfortable for you to address.”

--With assistance from Yuliya Fedorinova, Jake Rudnitsky, Akshat Rathi, Viren Vaghela, Josh Wingrove, Javier Blas and Saleha Mohsin.


Lake Victoria could dry up again like it did 100,000 years ago .
Today about 30 million people in Rwanda, Burundi, Uganda, Kenya and Tanzania rely on the lake for fishing, irrigation, drinking water and, in Uganda, electricity. Lake Victoria is also the source of one of the River Nile’s major tributaries, the White Nile. About 250 million people rely on the Nile in Ethiopia, Uganda, South Sudan, Sudan and Egypt. Huge population growth is expected in the region. All these people will increasingly rely on the lake because the region is warming and may receive less annual rainfall due to global climate change.

—   Share news in the SOC. Networks

Topical videos:

usr: 0
This is interesting!