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
March 13,2020

Mar 13: Canadian Prime Minister Justin Trudeau and his wife announced they were self-isolating Thursday as she undergoes tests for the new coronavirus after returning from a speaking engagement with "mild flu-like symptoms."

Sophie Gregoire-Trudeau's symptoms have subsided since she recently got back from Britain, but as a precaution the prime minister "will spend the day in briefings, phone calls and virtual meetings from home," according to a statement.

Trudeau also cancelled a meeting Thursday and Friday with Canada's provincial and territorial leaders in Ottawa, but still planned to speak with them and world leaders by phone about measures being taken to curb the spread of the virus in Canada.

Gregoire-Trudeau's symptoms had included "a low fever late last night." She immediately sought medical advice and testing.

Trudeau has exhibited no symptoms, and was advised by doctors "to continue daily activities while self-monitoring."

"However, out of an abundance of caution, the prime minister is opting to self-isolate and work from home until receiving Sophie's results," said his office.

Since the novel coronavirus first emerged in late December 2019, 127,070 cases have been recorded in 115 countries and territories, killing 4,687 people, according to an AFP tally compiled at 1200 GMT on Thursday based on official sources.

Canada has so far reported more than 100 cases in six provinces, and one death.

Also Thursday, the Canada's Juno music awards cancelled its upcoming gala show, planned for Sunday evening in Saskatoon, Saskatchewan.

"We are devastated to cancel this national celebration of music, but at this time of global uncertainty, the health, safety and well-being of all Canadians must stand at the forefront of any decisions that impact our communities," organisers said in a statement.

And in Quebec province, Premier Francois Legault unveiled a series of measures to prevent the spread of the coronavirus, including placing all travellers returning from overseas under quarantine for two weeks.

Quebec also banned indoor gatherings of more than 250 people.

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News Network
June 25,2020

Jun 25: Tencent Holdings Ltd.'s $40 billion surge this week and the recent ascent of Pinduoduo Inc. have reshuffled the ranking of China's richest people.

The country's largest game developer has surpassed Alibaba Group Holding Ltd. as Asia's most-valuable company, with its shares rising above HK$500 in intraday trading Wednesday for the first time. Pinduoduo, a Groupon-like shopping app also known as PDD, has more than doubled this year.

The rallies have propelled the wealth of their founders, with an added twist: Tencent's Pony Ma, worth $50 billion, has surpassed Jack Ma's $48 billion fortune, becoming China's richest person. And Colin Huang of PDD, whose net worth stands at $43 billion, has squeezed real estate mogul Hui Ka Yan of China Evergrande Group out of the top three earlier this year, according to the Bloomberg Billionaires Index.

The coronavirus pandemic has accelerated the digitization of the workplace and changed consumers' habits, boosting shares of many internet companies. Now tech tycoons are dominating the ranks of China's richest people. They occupy four of the top five spots: Ding Lei of Tencent peer NetEase Inc. follows China Evergrande's Hui.

‘Perform Strongly'

Tencent has come a long way since hitting a low in 2018, when China froze the approval process for new games. Since then, the stock has almost doubled, and last month the tech giant reported a 26 per cent jump in first-quarter revenue.

“Tencent's online games segment will probably perform strongly through the Covid-19 pandemic, and most of its other businesses are relatively unscathed,” said Vey-Sern Ling, a Bloomberg Intelligence analyst.

That has been a boon for Pony Ma, 48, who owns a 7 per cent stake in the company and pocketed about $757 million from selling some 14.6 million of his Tencent shares this year, data complied by Bloomberg show.

The native of China's southern Guangdong province studied computer science at Shenzhen University and was a software developer at a supplier of telecom services and products before co-founding Tencent with four others in the late 1990s. At the time, the company focused on instant-messaging services.

It has been a long comeback for Pony Ma. He overtook real estate tycoon Wang Jianlin as China's second-richest person in 2013 and topped Baidu Inc.'s Robin Li as the wealthiest in early 2014. Later that year, Alibaba went public in the U.S., catapulting Jack Ma's fortune.

Bloomberg Intelligence's Ling notes, however, that Tencent's jump this year has lagged behind some internet peers, especially those in e-commerce, games and online entertainment. Just consider: Tencent shares have climbed 31 per cent in 2020, while PDD's American depositary receipts have more than doubled. Alibaba, meanwhile, has advanced just 6.9 per cent.

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News Network
June 10,2020

New Delhi, Jun 10: India on Wednesday reported a spike of 9,985 more COVID-19 cases in the last 24 hours, taking the country's COVID-19 count to 2,76,583, according to the Union Ministry of Health and Family Welfare.

279 deaths were reported in the last 24 hours taking the total death toll to 7,745.

The total number of active cases has reached 1,33,632 while 1,35,205 patients have recovered. While one person has migrated.

With 90,787 cases, Maharashtra reported the highest number of coronavirus cases in the country followed by Tamil Nadu with 34,914 cases.

According to the Indian Council of Medical Research (ICMR), 1,45,216 samples were tested in the last 24 hours while overall 50,61,332 samples have been tested so far.

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