Climate Change


Environment

Australia and Vietnam strengthen strategic partnership

Australia and Vietnam signed cooperation agreements on Tuesday that cover defence, agriculture, and border security. In a joint press release issued during Lam’s official visit to Australia, the two countries also expressed concern over?restrictive?trade practices which disrupt global supply chains. The statement stated that they agreed to intensify their cooperation in supply chains, including areas such as critical minerals, semiconductors, and clean energy. The leaders witnessed the exchange of memorandums of understanding between the Vietnam Coast Guard and the Australian Border Force for cooperation on maritime law enforcement. The Vietnamese government released a separate statement that said another agreement was...







Asia

North America

Climate Change

Nevada sues Trump administration to block Colorado River plan

Nevada filed a lawsuit against the Trump administration on Monday, claiming that its plans to cut water supplies from the drought stricken Colorado River would devastate Nevada and violate laws governing the Colorado River. The Department of the Interior finalized on Friday its plan, which included a reduction of 21% in the water flowing from the river into California, Nevada and Arizona over a two-year period starting in 2027. Arizona and Nevada say that the cuts to the three states in the lower basin could double after 2028. Colorado, Utah New Mexico and Wyoming are the four states that make...

Environment

US cuts deep Colorado River water to California, Nevada and Arizona

U.S. government finalized on Friday a plan for reducing?water supply to California, Nevada, and Arizona in order to manage the drought-stricken Colorado River, but left open the possibility that the cuts could be even deeper later in the decade. According to the plan, the three states in the lower basin will receive a reduction of 21% in water in 2027-2028. However, the cuts could double in future years. Arizona and Nevada said that any plan to double cuts after 2028 will destroy their economies. Arizona has threatened the federal government with a lawsuit if they impose these potential cuts in...

Climate Change

US finalizes deep Colorado River Water Cuts to California, Nevada, and Arizona

The U.S. Government finalized on Friday a plan that will cut water supplies in?California and Nevada to help manage the Colorado River, which is suffering from a severe drought. According to the plan, signed by Interior Secretary Doug Burgum, in 2027 and 2028, water will be reduced by around 21 percent in these three states. However, this reduction could double in subsequent years. Arizona and Nevada said that any plan to double cuts after 2028 will destroy their economies. Arizona has threatened the federal government with a lawsuit if they impose?these possible cuts as part the new 10-year-plan. Colorado, Utah...

Climate Change

US SEC will not interfere with shareholder proposals, worry activists

Investor activists are worried about the loss of influence after the top U.S. financial regulatory agency made its decision permanent to "cease judging" whether companies can exclude shareholder resolutions at annual meetings. The Securities and Exchange Commission of the United States announced a change that extends the freeze put in place by the Securities and Exchange Commission last November to decide whether or not to approve corporate requests for voting to be skipped on shareholder proposals. These letters were referred to as "no action" letters, because they responded to corporate requests that the agency not take any action if executives...

Environment

Firefighter entrapments in the US have reached a 20-year record high.

Federal data shows that U.S. firefighters are facing the most wildfires in 20 years, with six deaths and?dozens of injuries. This grim statistic comes during an unprecedented fire season for the United States. According to the Wildland Fire Lessons Learned Center (a federal agency), there have been 12 entrapments in 2026. This is already'more than the average full-year number of nine over the past 20 years and the highest year-to date?number? since 2006. Wildfire entrapments can be life-threatening situations where fire behavior compromises escape routes or safety zones for firefighting personnel. Firefighting personnel are at greater risk due to the...

Environment

US appeals Court invalidates Biden-era efficiency rules for stoves and ovens

The federal appeals court on Tuesday overturned a Biden administration era rule setting efficiency standards for electric and gas stoves and ovens. It said the agency had improperly bypassed procedures to solicit public comments. The 5th U.S. Circuit Court of Appeals in New Orleans ruled 3-0 for seven Republican-led states -- Louisiana, Mississippi, Montana Nebraska Tennessee Texas and Utah. The New Orleans Circuit Court of Appeals ruled for seven Republican-led States -- Louisiana, Mississippi and Tennessee -- who challenged the Department of Energy’s “direct final rule” on?consumer grade stoves and appliances. The August 2024 rule aimed to limit the amount...

Environment

First death in wildfire in British Columbia is an octogenarian

Canadian police confirmed that an 80-year old woman died in the rapidly spreading Bald Range Wildfire in British Columbia’s wine country. The blaze had nearly doubled its size over the past weekend, forcing the evacuation of residents in the area. This was the first death reported in connection with the wildfires in the area, which were engulfed in smoke and flames as the hot and dry weather conditions exacerbated the fire. In a late Sunday statement, the Royal Canadian Mounted Police stated that a Meadow Valley resident had been 'evacuating with a member of her family when she died suddenly....

Climate Change

British Columbia receives federal assistance when wildfires force evacuations

The Canadian federal Government said that it would assist British Columbia in the wake of a raging wildfire forcing thousands to flee. It will provide shelter and accommodation for residents who are displaced around Summerland, Peachland. Bald Range Wildfire has spread over 10,300 hectares as firefighters continue to fight the fire. Eleanor Olszewski is Canada's Minister of Emergency Management and Community Resilience. She said in a post on social media that she approved British Columbia's request for federal assistance to provide accommodation for those who were forced to flee their homes because of wildfires. The minister stated that he had...

Climate Change

Wildfires are causing wildfires to spread in British Columbia’s wine region.

On Saturday, a wildfire that was rapidly spreading in the western part of Canada forced thousands of residents to leave their homes. Bald Range was out of control, and had grown to approximately 9,500 hectares (23,500 acres). This prompted evacuation orders for Summerland, Peachland, and other districts located west of Okanagan Lake. This region produces the majority of B.C. The?region produces most of B.C. Summerland declared a state-of-emergency and has a population of 12,000 people according to the census of 2021. Peachland has a population of 6,500. "A?lot of farms were affected. We do not know how many buildings have...

Climate Change

British Columbia district issues evacuation orders amid wildfires

The district of Summerland in British Columbia declared a state of emergency early Saturday morning as a rapidly-moving fire swept across western Canada forcing thousands of residents to evacuate. As of early Saturday morning, the 'Bald Range' wildfire had spread to approximately 5,000 hectares and prompted evacuation orders for other districts in this region. According to BC Wildfire Service, the fire began about 15 kilometers (9 miles) west of Summerland. Summerland district, which is located about 45 km from Kelowna said that it lost power due to wildfires on Saturday. It also issued a boil-water notice to residents, saying that...

Climate Change

Puerto Rico will begin water rationing in response to the intense drought

Authorities said that Puerto Rico would begin a rotating program of water rationing on 'Friday, across the entire island, as a response to an intense 'drought. The plan will force tens and thousands of people to go without water for a period up to 48 hours. According to information posted on the Aqueduct and Sewer Authority's website, the rationing is expected to last until the end of August. At a late-night press conference on Wednesday, Puerto Rico Governor Jenniffer González said that she did not know the length of time rationing would be necessary. Gonzalez stated in a Wednesday morning...

Climate Change

Wildfire prompts evacuation alert in metro Vancouver

As blazes continued to spread in Western Canada due to the dry and hot weather, a wildfire caused an evacuation warning on Wednesday. Anmore's acting mayor Doug Richardson told residents that he and his small team would do their best to keep them informed. Doug Richardson, acting mayor of Anmore, told residents that "we are a small team but will do our best to update our?residents". Metro Vancouver reported that the fire is nearly contained in the region of 'Belcarra Park,' located near Sugar Mountain Trail. It is estimated to be about 1.5 hectares. At this time, it is not...

Europe

Climate Change

Climate damage: The next blow to Europe's finances

The public purse will be liable for the damages caused by Europe's volatile weather. Since the majority of these economic losses are not insured, they will fall on the government unless urgent action is taken. The wildfires that raged in the southwest of Europe this year, and the severe floods that struck Spain in 2024 as well as?Germany in 2021 and its neighbors show that climate damage is adding to a long list of financial strains that include?higher?defence expenditures and increasing costs associated with aging populations. Federico Barriga Salazar, Fitch's head of Western Europe sovereign rating, explained that catastrophes are...

Climate Change

The largest wildfire in Belgium's history is heading towards Germany

Local authorities reported that firefighters fought through the night to contain Belgium's largest?wildfire ever. By Sunday morning, the fire had already burned over 3,000 hectares and was heading towards?Germany. Since Friday, firefighters from Belgium, Germany, and Luxembourg, as well as the army, have been trying to put out the fire in the High Fens nature reserve, located in the eastern part of the country. Stephanie Ernoux from the Wallonia region administration in Belgium told reporters that the authorities were hoping for cooler, humid weather to help contain the fire. Data from the European Forest Fire Information System revealed that the...

Climate Change

As business losses increase, Europe's heatwaves expose a gap in insurance coverage

Since more than a hundred years, the cafes of Padua, Italy, have invited customers to enjoy an aperitivo (early evening drink), encouraging them sit outside before dinner and socialise. The traditional 6-7 pm slot is all but gone as people are seeking air conditioning?inside, which has a negative impact on sales. Extreme heat is often excluded from traditional business interruption policies, which exposes a growing gap in protection for businesses across Europe. Moody's published estimates that the European heatwaves last summer cost EUR43 billion ($50billion) in lost output, while only generating about EUR500m of insurance payouts. Federica Luni is the...

Western Europe

Wildfires sweeping across Europe force hundreds of people to evacuate from resorts located in Croatia and Greece

Wildfires ravaged?homes overnight in a picturesque Croatian town, injuring forty people and forcing 1,200 residents to evacuate. EU officials warned that "extreme" wildfire conditions were spreading across the continent. Officials said that hundreds more people were evacuated from a resort in northern Greece, a village in southwest France and a large grass fire in England. Scientists attribute the record-breaking heat in Europe and the drought to climate change. This summer, wildfires have been raging across Europe, particularly in France, Spain, and Greece. The Balkans has also experienced several heatwaves. CROATIAN RESERVE: FLAMES TAKE OVER NIGHT-SKY RED Officials said that flames...

East Asia

Environment

Nepal flash flood destroys villages and damages power projects

Authorities warned against the possibility of fatalities after a massive flash flood in Nepal's Himalayan region washed away villages and damaged roads, bridges, and power projects. Officials said that the areas of Syapru Besi, Timure, and the surrounding mountainous district, Rasuwa with a combined population of around 50,000 people, were heavily affected. They also urged those who live on the Bhote-Koshi river's banks to move higher ground. District administrator Narendra Pariyar said that he had received reports of villages being washed out and infrastructure projects being destroyed, but no estimates of property or casualties were immediately available. He added, "There...

Climate Change

Nepal's flash floods wash away villages and project sites near Tibet's border

Authorities warned of heavy casualties as they urged people living along river banks to move higher ground. Government officials have said that the areas of Syapru Besi, Timure, and the mountainous district Rasuwa are severely affected. They also called for residents to be extra vigilant along the Bhote-Koshi River. District administrator Narendra Pariyar said that he had received reports of villages and infrastructure projects being washed out, but that a number of deaths or damage to property were not immediately known. He said, "There could have been a lot of casualties or property loss." "But I can't say for certain?now."...

Climate Change

Exports of China's electric trucks are soaring due to the Iran war

China's?exports of electric trucks to other Asian nations have soared. This is in addition to an increase in domestic sales, as the?higher fuel costs as a result of the Iran War accelerate regional electrification. China's rapid adoption of etrucks - from lighter vehicles to tractors-trailers - has shielded the 'world's largest auto market' from the conflict. Other countries are now scrambling for a chance to catch up. China's heavy etruck exports have more than doubled in the last four months since the U.S. and Israel started the war, on February 28. They now total 16,823 vehicles. The majority of the...

Climate Change

Typhoon Dolphin and climate change: El Nino and Climate Change are the main factors that boosted its intensity

After a two-week trip across the Pacific Ocean, Typhoon Dolphin brought extreme rain to eastern, central, and northern China. Dolphin's long-lasting and wide circulation made it one of China’s most significant weather events in recent times. Meteorologists have compared it to the devastating Typhoon Doksuri that will hit in 2023. How severe was the rain? Thirteen weather stations in the country broke their records for a single-day rainfall. The average rainfall in?Zhejiang from 7 to 11 August was 215 mm (or 8.46 inches), which is a record for a typhoon that made landfall in eastern China. Taizhou, the city where...

Environment

People flock to the sea, but they can't escape heat in northeast China

Heatwaves in northeast China have caused a number of tourists to flock to the sea to cool off. On Friday, beachgoers of all ages dotted the water in brightly colored floats along the pebbled?beach at Fujiazhuang Park, in Dalian, a city known for its fresh seafood, Yellow Sea coastline views, and coastal attractions. Climate change has caused China to experience more heatwaves. The latest heatwave has hit northeastern China, and the Korean Peninsula. South Korea declared an emergency. Dalian, according to the Chinese agricultural calendar's first day of autumn, recorded a high temperature of 37 degrees Celsius on Friday. According...

Environment

Caribbean Bets on biofuel, boats and barriers as sargassum piles up

Each day, hundreds of Mexican hotel employees, tractor operators, and Navy personnel with specialized training head out to the beach at dawn to remove massive amounts of rotting seaweed from Caribbean beaches near popular tourist resorts. Hotels in the Caribbean have slashed rates and invested millions of dollars to remove the foul-smelling algal blooms from their beaches. Governments and businesses are also looking for solutions. How it all began Sargassum, a brown seaweed which forms floating'mats' on the ocean surface, was previously confined to the 'Sargasso Sea in?the North Atlantic. However, unusually strong winds in 2010 blew sargassum out into...

Environment

South Korea reaches its highest temperature ever of 41.4 C during a heatwave

South Korea's highest temperature was recorded on 'Friday, since modern weather observation began. A prolonged heatwave had pushed temperatures over 40 degrees Celsius (104 Fahrenheit) for a third day in a row. According to the Korea Meteorological Administration, the record was set at Yangsan in the southeast city. Temperatures reached 41.4 C by 1:40 pm (0440 GMT) according to KMA. The reading exceeded a previous national record set in August 2018 in Hongcheon, which was 41.0 C. Yangsan now has temperatures over 40 C on three consecutive days amid an intense heatwave that is affecting most of the country. Heatwave...

Power Markets

Business leaders from around the world support a faster shift to electrification

OVER 100 COMPANIES, INCLUDING UBER AND NESTLE?URGE GOVERNMENTS?TO MAKE ELECTRIFICATION CENTRAL IN ECONOMIC STRATEGY 'Nestle' and Ikea, among others, urged government officials to put electrification at the forefront of their economic strategies to reduce exposure to volatile fuel prices and boost energy security. They said that exposure to fossil fuel price shocks undermined their competitiveness. With combined revenues of $1.5 trillion annually, the group also included Iberdrola and Volvo Cars, Mahindra Group and Uber, Nikon Corporation and Levi Strauss. The statement was coordinated by the Global Renewables Alliance and the We Mean Business Coalition. It added that the ability to...

Environment

A study warns that biodiversity loss may trigger a wave of debt crises

Financial markets underestimate the economic risks associated with biodiversity loss. This could expose countries to debt crises and higher borrowing costs. The study, ?led ?by economists from the Universities of Sussex, Sheffield and Heriot-Watt, presented what they described as the world's first biodiversity-adjusted sovereign credit ratings model. The report said that existing rating frameworks do not take into account environmental degradation and leave $83 trillion worth of global assets susceptible to mispricing. Researchers estimated that a partial collapse in key ecosystems, such as marine fisheries, tropical forests, and wild pollinators, could result in an increase of $162 billion annually for...

Climate Change

Climate investor asks for votes against directors of Japan's trading houses and megabanks

Climate advocacy group calls on investors in Japan's largest banks to vote against the board members of three trading firms and three banks for failing to manage risks associated with investments in fossil fuel production. According to presentations seen by the, environmental advocacy group Market forces argues that directors fail to monitor material financial risks for banks and trading house's businesses. The presentations were made to institutional investors at the banks Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group as well as Mizuho Financial Group and trading houses Mitsubishi Corp., Mitsui & Co. and Sumitomo Corp. The investors' reactions...

Pollution

China plans to reduce carbon dioxide emissions per unit GDP by approximately 3.8% in 2026

According to documents released by the Chinese government on Thursday, China will reduce its carbon intensity - or carbon emissions per unit gross domestic product - by 17% in its current five year plan. This is an acceleration of the previous period between 2020 and '2025. China's new five-year plan released on Thursday called for the replacement of 30 million metric tonnes per year with renewables, and pushing towards peak coal. However, it did not set further limits on coal use. China's carbon intensity was reduced by 12% during the five-year plan which ended last year. According to a report...

Environment

T&E report: EU can reduce battery prices by up to 50% with Made in Europe plan

T&E, a campaign group for transport and the environment, said in a report on Monday that scaling up production in Europe would reduce the 'cost gap' between EU-made and Chinese batteries to 30%, down from the current 90%. The group urged the EU, through its "Made in Europe", plans, to support this sector. The EU executive will propose its "Industrial Accelerator Act", which requires that local products be given priority when using public funds. It is intended to cover "key sectors" such as batteries, solar, wind, hydrogen manufacturing, nuclear power, and electric vehicles. Some automakers claim that local content requirements...