11,000 Scientists Declare Climate Emergency across the Globe, Warn of Unavoidable Human Suffering

News Network
November 6, 2019

Nov 6: More than 11,000 scientists warned Tuesday of "untold suffering" due to global warming, even as another team said Paris carbon-cutting pledges are "too little, too late".

The European Union, meanwhile, confirmed that last month was the warmest October ever registered, fast on heels of a record September and the hottest month ever in July.

Three-quarters of national commitments under the Paris climate accord to curb greenhouse gases will not even slow the accelerating pace of global warming, according to a report from five senior scientists.

The sobering assessment came a day after President Donald Trump formally notified the United Nations of the US withdrawal from the 2015 Paris climate pact, triggering concerns of how other nations might react.

"With few exceptions, the pledges of rich, middle-income and poor nations are insufficient to address climate change," said Robert Watson, who chaired both the UN Intergovernmental Panel on Climate Change (IPCC) and the UN's science body for biodiversity.

"As they stand, the pledges are far too little, too late."

In parallel, more than 11,000 scientists sounded a five-bell alarm in the peer-reviewed journal BioScience, noting that the world had failed to act on global warming despite the accumulation of evidence over 30 years.

"We declare, clearly and unequivocally, that planet Earth is facing a climate emergency," the statement said.

Emissions of the gases warming Earth's surface must drop 50 percent by 2030 and to "net zero" -- with no additional carbon entering the atmosphere by mid-century -- if the Paris treaty's goal of capping warming at 1.5 to 2.0 degrees Celsius is to be met, the IPCC concluded last year.

And yet 2018 saw unprecedented global carbon pollution of more than 41 billion tonnes, two percent higher that 2017, also a record year.

Global temperatures have increased 1 C above pre-industrial levels -- enough to boost the impact of deadly heatwaves, floods and superstorms -- and are on track to rise another two or three degrees by the end of the century.

"Failing to reduce emissions drastically and rapidly will result in an environmental and economic disaster," said James McCarty, a professor of oceanography at Harvard University, and co-author of the analysis of voluntary Paris pledges to reduce carbon pollution.

Just over half of greenhouse gas emissions from power, industry, agriculture and deforestation -- the main drivers of global warming -- came from four nations last year: China, the United States, India and Russia.

Accounting for 13.1 percent of the total, the US has turned its back on the Paris deal.

"China and India could say 'damn it, we're going to demonstrate to the world that we are climate leaders'," Watson told AFP.

- EU gets passing marks -

"Or they could say 'if the US is not going to do it, we're not going to either'. It could go either way."

China has said it will lower carbon intensity and peak emissions by about 2030.

But the size and staggering growth of its economy will likely overwhelm such marginal improvements, the scientists said.

At 29 percent of the global total, China alone pumps out more CO2 than the next three nations combined, though about 13 percent of those emissions are generated by exports destined for rich nations, recent research has shown.

India, which is ramping up both renewable energy and carbon-intensive coal-fired power, accounted for seven percent in 2018, and Russia -- which has made no pledge at all -- added 4.6 percent.

The efforts of the world's top four emitters was deemed "insufficient", according to the report.

All told, nearly three-quarters of 184 registered pledges were judged inadequate to stop climate change from continuing to accelerate in the next decade.

All but a handful are unchanged since being submitted in 2015 and 2016.

Among major economic blocs, only the European Union, with its 28 member states, got a passing mark.

"The EU is clearly in the lead in trying to address the climate crisis," Watson said.

The emissions of the world's poorest nations have been and continue to be negligible, but steps must be taken today to shape their energy futures.

"Sooner or later, they will start to grow, and we don't want them to become dependent on cheap fossil fuel energy," Watson noted.

"They need financial and technical assistance."

Under the Paris treaty, developing nations are to receive $100 billion annually from next year to help curb climate change and cope with its impacts.

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News Network
May 21,2020

London, May 21: Working mothers in Europe and the United States are taking on most of the extra housework and childcare created by lockdown - and many are struggling to cope, a survey showed on Thursday.

Women with children now spend an average 65 hours a week on the unpaid chores - nearly a third more than fathers - according to the Boston Consulting Group, which questioned parents in five countries.

"Women have been doing too much household work for too long, and this crisis is pushing them to a point that's simply unsustainable," Rachel Thomas, of U.S.-based women's rights group LeanIn.Org, said in response to the data.

"We need a major culture shift in our homes and in our companies ... We should use this moment to build a better way to work and live – one that's fair for everybody."

Researchers say fallout from the pandemic weighs on women in a host of ways, be it in rising domestic violence or in lower wages, as some women cut paid work to take on the new duties.

With lockdowns shutting schools and keeping citizens at home, creating a mountain of domestic work, public campaigns from Georgia to Mexico have urged men to do their fair share.

But women, who on average already do more at home than men, are now shouldering most of the new coronavirus burden, too, said the survey of more than 3,000 working parents in the United States, Britain, Italy, Germany and France.

Women's unpaid hours at home have nearly doubled to 65 hours a week, said the survey, against 50 logged by an average father.

British women are more likely to support others in the COVID-19 pandemic and are finding it harder to stay positive, according to separate analysis released this week by polling firm Ipsos MORI and feminist organisation The Fawcett Society.

It is "no surprise" to see women do more childcare and housekeeping on top of their day jobs, Jacqui Hunt of women's rights group Equality Now, told the Thomson Reuters Foundation.

However, there are "hopeful signs" that men in West Africa are sharing more childcare during the pandemic in a shift in social norms, found a small rapid analysis by humanitarian organisation CARE International released on Wednesday.

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Agencies
July 3,2020

The dollar's dominance will slowly melt away over the coming year on weakening global demand and a sombre U.S. economic outlook, according to a Reuters poll of currency forecasters whose views depend on there being no second coronavirus shock.

Despite fears a surge in new Covid-19 cases would delay economies reopening and stymie a tentative recovery, world stocks have rallied - with the S&P 500 finishing higher in June, marking its biggest quarterly percentage gain since the height of the technology boom in 1998.

Caught between bets in favour of riskier investments, weak U.S. economic prospects as well as an easing in the thirst for dollars after the Federal Reserve flooded markets with liquidity, the greenback fell nearly 1.0 per cent last month. It was its worst monthly performance since December.

While there was a dire prognosis from the top U.S. medical expert on the coronavirus' spread, the June 25-July 1 poll of over 70 analysts showed weak dollar projections as Fed Chair Jerome Powell on Monday reiterated the economic outlook for the world's largest economy was uncertain.

"The dollar rises in two instances: when you see risk off or when there is a situation where the U.S. is leading the global recovery, and we don't think that's going to be the case anytime soon," said Gavin Friend, senior FX strategist at NAB Group in London.

"The U.S. is playing fast and loose with the virus, and chronologically they're behind the rest of the world."

Currency speculators, who had built up trades against the dollar to the highest in two years during May, increased their out-of-favour dollar bets further last week, the latest positioning data showed.

About 80 per cent of analysts, 53 of 66, said the likely path for the dollar over the next six months was to trade around current levels, alternating between slight gains and losses in a range. That suggests the greenback may be at a crucial crossroad as more currency strategists have turned bearish.

But more than 90 per cent, or 63 of 68, said a second shock from the pandemic would push the dollar higher. Five said it would push the U.S. currency lower.

Much will also depend on debt servicing and repayments by Asian, European and other international borrowers in U.S. dollars.

While an early shortage of dollars in March from the pandemic's first shock pushed the Fed to open currency swap lines with major central banks, international funding strains have eased significantly since. In recent weeks, usage of the facility has reduced dramatically.

That trend is expected to continue over the next six months with major central banks' usage of swap lines to "stay around current levels", according to 32 of 46 analysts. While 13 predicted a sharp drop, only one respondent said use of them would "rise sharply".

The dollar index, which measures the greenback's strength against six other major currencies, has slipped over 5 per cent since touching a more than three-year high in March.

When asked which currencies would perform better against the dollar by end-December, a touch over half of 49 respondents said major developed market ones, with the remaining almost split between commodity-linked and emerging market currencies.

"The dollar is so overvalued, and has been overvalued for a long time, it's time now for it to come back down again, as we head towards the (U.S.) election," added NAB's Friend.

Over the last quarter, the euro has staged a 1.8 per cent comeback after falling by a similar margin during the first three months of the year. For the month of June, the euro was up 1.2 per cent against the dollar.

The single currency was now expected to gain about 2.5 per cent to trade at $1.15 in a year from around $1.12 on Wednesday, slightly stronger than $1.14 predicted last month. While those findings are similar to what analysts have been predicting for nearly two years, there was a clear shift in their outlook for the euro, with the range of forecasts showing higher highs and higher lows from last month.

"In comparison to even a month or two ago, the outlook in Europe has improved significantly," said Lee Hardman, currency strategist at MUFG.

"I think that makes the euro look relatively more attractive and cheap against the likes of the dollar. We're not arguing strongly for the euro to surge higher, we're just saying, after the weakness we have seen in recent years, there is the potential for that weakness to start to reverse."

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News Network
March 12,2020

Miami, Mar 12: The NBA has suspended its season "until further notice" after a Utah Jazz player tested positive Wednesday for the coronavirus, a move that came only hours after the majority of the league's owners were leaning toward playing games without fans in arenas.

Now there will be no games at all, at least for the time being. A person with knowledge of the situation said the Jazz player who tested positive was center Rudy Gobert. The person spoke to The Associated Press on condition of anonymity because neither the league nor the team confirmed the test.

"The NBA is suspending game play following the conclusion of tonight's schedule of games until further notice,'' the league said in a statement sent shortly after 9:30 p.m. EDT. "The NBA will use this hiatus to determine next steps for moving forward in regard to the coronavirus pandemic.''

The test result, the NBA said, was reported shortly before the scheduled tip-off time for the Utah at Oklahoma City game on Wednesday night was called off. Players were on the floor for warmups and tip-off was moments away when they were told to return to their locker rooms. About 30 minutes later, fans were told the game was postponed ``due to unforeseen circumstances."

Shutdown for two weeks?

Those circumstances were the league's worst-case scenario for now -- a player testing positive. A second person who spoke to AP on condition of anonymity said the league expects the shutdown to last a minimum of two weeks, but cautioned that time-frame is very fluid.

"It's a very serious time right now," Miami Heat coach Erik Spoelstra said. "I think the league moved appropriately and prudently and we'll all just have to monitor the situation and see where it goes from here."

The Jazz released a statement saying a player -- they did not identify Gobert -- tested negative earlier Wednesday for flu, strep throat and an upper respiratory infection. That player's symptoms diminished as the day went along, but the decision was made to test for COVID-19 anyway. That test came back with a preliminary positive result.

"The individual is currently in the care of health officials in Oklahoma City," the Jazz said, adding that updates would come as appropriate.

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