New modelling finds risk to global economies much worse than previously thought, but group of central banks says even this may be an underestimate
The physical shocks caused by climate breakdown will hit global economic growth by a third, according to a risk assessment by a network of central banks.
The rise in the estimated hit to the world’s economies as a result of the shocks from flooding, droughts, temperature rises, and mitigating and adapting to extreme weather was the result of new climate modelling published this year.
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Breaking Waves: Ocean News
11/08/2024 - 07:11
11/08/2024 - 07:00
It could have been better designed, but Rachel Reeves’s inheritance tweak will help farmers with mud on their boots
Should multimillionaire landowners benefit from a tax break designed to help small family farms pass down their land to their children? This is a hotly contested question, given last week’s budget. Labour has reintroduced 20% inheritance tax for farms that are valued at more than £1m, meaning the children of farmers will no longer inherit land tax-free. Granted, 20% is still only half of the standard inheritance tax rate, and it probably sounds more than generous to an ex-miner, foundry worker or shipbuilder. But today, £1m would only buy you about 40 hectares (100 acres) of farmland, which is far short of a viable farm.
Farming is a long-term business that requires substantial assets and often makes only meagre returns. Farming families have not had to consider tax planning for family succession since 1992. As a second-generation farmer, I support much of the budget. But on the inheritance tax threshold, I thought, the chancellor, Rachel Reeves, had got it wrong. The positive reading of her decision is that she was trying to close a loophole whereby wealthy people buy up farmland and pass it, tax-free, to their children. If that was the main objective, though, the threshold should have been set substantially higher than £1m.
Guy Singh-Watson is the founder of the organic veg box company Riverford and a member of Patriotic Millionaires UK. He grows organic vegetables on 60 hectares (150 acres) in Devon and 120 hectares (300 acres) in the French Vendée. He sold Riverford in 2018 to its 1,000 employees, and the company is now 100% employee-owned
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11/08/2024 - 03:00
The best of this week’s wildlife photographs from around the world
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11/08/2024 - 01:00
Prospects of strong outcome appear dim but there is hope the talks will address pressing issue of climate finance
More than 100 heads of state and government are expected to land in Baku, the capital of Azerbaijan, over the next few days and the first thing they are likely to notice is the smell of oil. The odour hangs heavy in the air, evidence of the abundance of fossil fuels in this small country on the shores of the Caspian Sea.
Flaring from refineries lights up the night sky, and the city is dotted with diminutive “nodding donkey” oil wells raising and lowering their pistons as they draw from the earth. Even the national symbol is a gas flame, epitomised in the shape of three skyscrapers that tower over the city.
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11/08/2024 - 00:00
On the eve of Cop29 in Baku, António Guterres says dangers are underestimated as irreversible tipping points near
The world is still underestimating the risk of catastrophic climate breakdown and ecosystem collapse, the UN secretary general has warned in the run-up to Cop29, acknowledging that the rise in global heating is on course to soar past 1.5C (2.7F) over pre-industrial levels in the coming years.
Humanity is approaching potentially irreversible tipping points such as the collapse of the Amazon rainforest and the Greenland ice sheet as global temperatures rise, António Guterres has said, warning that governments are not making the deep cuts to greenhouse gas emissions needed to limit warming to safe levels.
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11/07/2024 - 23:02
Country’s foreign minister says UN climate summits have produced ‘no results’ as Pacific nation takes the rare step of withdrawing from upcoming Cop29
Papua New Guinea’s decision to pull out of an upcoming UN global climate summit due to frustration over “empty promises and inaction” has prompted concern from climate advocates, who fear the move will isolate the Pacific nation and put vital funding at risk.
Prime minister James Marape announced in August the country would not attend Cop29 in “protest at the big nations” for a lack of “quick support to victims of climate change”. Then last week, foreign affairs minister Justin Tckatchenko, confirmed Papua New Guinea would withdraw from high-level talks at the summit, which begins on 11 November in Baku, Azerbaijan, describing it as “a total waste of time”.
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11/07/2024 - 00:00
npj Ocean Sustainability, Published online: 07 November 2024; doi:10.1038/s44183-024-00094-2
Urbanizing river deltas are highly susceptible to sea level rise and extreme weather events such as floods and droughts. Water-related disasters are already happening more often due to climate change, rapid urbanization, unsustainable land use and aging infrastructure threatening a large fraction of human and natural environments in these low lying and sinking areas around the globe. As stress levels of climate change are accelerating, societal and physical transformations are essential for adapting our deltas to climate change. In the Netherlands, imagination and evidence by design in the form of a long-term spatial vision, played a pivotal role in the past century to set, share and accomplish a new direction to overcome flood disasters by altering the coastlines and riverbeds of the Rhine–Meuse–Scheldt delta. The unprecedented rainfall in July 2021 and the storm in December 2021 which hit Western Europe revealed the effectiveness of this new direction. We therefore plea for a prominent role of design in climate science and delta management to imagine, analyse and communicate future perspectives for climate adaptation in urbanizing deltas.
World Ocean Explorer Wins Gold Medal Serious Simulation Award from Serious Play Annual International Competition
10/26/2023 - 14:35
For Immediate Release October 19, 2023
Sedgwick, Maine USA World Ocean Explorer, a 3D virtual aquarium and educational simulation, was recently cited for excellence, winning a Gold Medal Award in the 2023 International Serious Play Awards Program.
World Ocean Explorer is an innovative 3D virtual aquarium designed for educational exploration of the world’s oceans. With interactive exhibits and a lobby space, visitors can immerse themselves in realistic marine environments, including a DEEP SEA exhibit funded by Schmidt Ocean Institute, showcasing unprecedented deep-sea discoveries off Australia. Targeted at 3rd graders and beyond, this immersive experience offers a range of perspectives on the ocean environment and can be explored through guided tours or user-controlled interfaces. Visit DEEP SEA at worldoceanexplorer.org/deep-sea-aquarium.html.
Serious Play Conference brings together professionals who are exploring the use of game-based learning, sharing their experience, and working together to shape the future of training and education. For more information on Serious Play Award Program visit seriousplayconf.com/international-serious-play-award-programs.
World Ocean Explorer is a transformative virtual aquarium designed to deepen understanding of the world ocean and amplify connection for young people worldwide. Organized around the principles of Ocean Literacy and the Next Gen Science Standards, World Ocean Explorer brings the wonder and knowledge of ocean species and systems to students in formal and informal classrooms, absolutely free to anyone with a good Internet connection. As an advocate for the ocean through communications, World Ocean Observatory believes there is no better investment in the future of the sustainable ocean than through a new approach to educational engagement that excites, informs, and motivates students to explore the wonders of our marine world and to understand the pervasive connection and implication for our future, inherent in the protection and conservation of all aspects of our ocean world.
World Ocean Explorer presents an astonishing 3-dimensional simulated aquarium visit, organized to reveal the wonders of undersea life, with layers of detailed data and information to augment the emotional connection made to the astonishing beauty and complexity of the dynamic ocean. Within each of the virtual exhibits, students visit exemplary theme-based sites with myriad opportunities to understand the larger perspectives of scientific knowledge as organized and visualized to dramatize the impact and change on ocean life as a result of natural and human-generated events. Through immersion among displays, mixed media and 3D models, the experience of an aquarium visit will be brought into classrooms or home school environments as a free, accessible, always available opportunity for teaching and learning. All of this will be available to a world audience without physical limitation or cost. World Ocean Explorer, a project of the World Ocean Observatory, receives support from the Seth Sprague Educational and Charitable Foundation, Visual Solutions Lab, the Climate Change Institute, the Khaled bin Sultan Living Oceans Foundation, and The Fram Museum Oslo. To learn more about the current and future exhibits of World Ocean Explorer, visit worldoceanexplorer.org.
media contact
Trisha Badger, Managing Director, World Ocean Observatory | director@thew2o.net +12077011069
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