Read more at The Guardian.
Climate crisis: average world incomes to drop by nearly a fifth by 2050
Cost of environmental damage will be six times higher than price of limiting global heating to 2C, study finds
Average incomes will fall by almost a fifth within the next 26 years as a result of the climate crisis, according to a study that predicts the costs of damage will be six times higher than the price of limiting global heating to 2C.
Rising temperatures, heavier rainfall and more frequent and intense extreme weather are projected to cause $38tn (£30tn) of destruction each year by mid-century, according to the research, which is the most comprehensive analysis of its type ever undertaken, and whose findings are published in the journal Nature.
Continue reading...Date: | |
Tag: | Climate |
Sort by
Filter
Date
Items per page
-
Big oil privately acknowledged efforts to downplay climate crisis, joint committee investigation finds
Internal documents revealed by committee show companies lobbied against climate laws they publicly claimed to support. Big oil has privately acknowledged its efforts to downplay the dangers of burning fossil fuels, US Democrats have found.. Major ...The Guardian - World - Climate -
AMD boosts its outlook for AI revenue, but stock still falls
AMD lifted its outlook for its MI300 AI accelerator product, which is now expected to drive upwards of $4 billion in revenue this year.MarketWatch - Business -
Zimbabwe's ZiG is the world's newest currency and its latest attempt to resolve a money crisis
Zimbabwe has started circulating a new currency to replace one that has been battered by depreciation and often outright rejection by the peopleABC News - World -
Tesla shares drop nearly 6% after Musk cuts about 500 jobs in Supercharger team
Tesla is continuing a sweeping reorganization and laying off some 500 employees from its Supercharger team.CNBC - Business - Tesla -
Welcome to Scam World
To own a computer or smartphone — indeed, to engage with the digital world to any degree — is to be a mark. You can try to block, encrypt and unsubscribe your way out of it, but you may not succeed.The New York Times - Lifestyle -
Food and drinks giants flag price pressure on low-income consumers
McDonald’s and Coca-Cola among companies highlighting impact of persistent inflationFinancial Times - Business -
McDonald's and other big brands warn that low-income consumers are starting to crack
Higher prices have weighed on customers in an array of industries that interact with consumers.CNBC - Business -
1 dead, 3 injured in Kansas tornado on fifth day of vortex outbreak
One person died and three others sustained minor injuries when a tornado touched down in Westmoreland, Kansas, on Tuesday afternoon, officials said.NBC News - Top stories -
A Strong U.S. Dollar Weighs on the World
Two-thirds of the roughly 150 currencies have weakened against the dollar, whose strength stems from high interest rates because of stubborn inflation.The New York Times - Business -
The Everton crisis explained: how did it get to this point?
Owner Farhad Moshiri once said the club were ‘robust’ enough to fund stadium but now they need working capital injections. At Everton’s annual general meeting in January 2019, the owner, Farhad Moshiri, made a dramatic promise.. Speaking about the ...The Guardian - World
More from The Guardian
-
Dozens arrested at Columbia University as New York police disperse Gaza protest
NYPD officers move on to campus on Tuesday evening to clear out Hamilton Hall building taken over by protesters, with reports of more arrests at City College of New York. US campus protests – live updatesDozens of students have been arrested after ...The Guardian - World - New York -
Netanyahu vows to raid Rafah ‘with or without’ hostage deal
Mediators renew efforts to secure a truce ahead of invasion of city, where more than 1 million people are sheltering. . . Benjamin Netanyahu has vowed that Israel will proceed with an offensive on the southern Gaza city of Rafah even if renewed ...The Guardian - World -
Stormy Daniels’ ex-lawyer questioned about texts with former Enquirer editor
Hush-money trial hears about ex-National Enquirer editor Dylan Howard asking Keith Davidson: ‘Did he cheat on Melania?’. Donald Trump’s New York criminal trial heated up on Tuesday afternoon as Keith Davidson, former attorney for both Stormy ...The Guardian - World -
Paul Auster, American author of The New York Trilogy, dies aged 77
The writer of The New York Trilogy, Leviathan and 4 3 2 1 – known for his stylised postmodernist fiction – has died from complications of lung cancer. Paul Auster, the author of 34 books including the acclaimed New York Trilogy, has died aged 77.. ...The Guardian - World - New York -
Saudi Arabia activist sentenced to 11 years in prison for ‘support’ of women’s rights
Manahel al-Otaibi, who promoted female empowerment on social media, was arrested under anti-terror laws. A young women’s rights activist in Saudi Arabia was secretly sentenced to 11 years in prison by an anti-terrorism court after being arrested ...The Guardian - World