Carbon markets are a key driver for investment in the biggest emerging nations’ greenhouse-gas reducing efforts, and allowing them to collapse would be a “disaster,” according to the Center for American Progress.
Heat waves are likely to intensify and last longer from California to the U.S. East Coast as global warming takes hold, according to the United Nations’s most comprehensive report on extreme weather events.
Global average temperatures may be the warmest on record this year, the World Meteorological Organization said, days after announcing that greenhouse-gas concentrations are the highest since measurements began.
China teamed with the European Union and envoys from the bloc of 48 Least Developed Countries to dial back expectations for United Nations climate talks, indicating that there probably aren’t any new promises for aid or cuts in greenhouse gases on the horizon.
A team of economists and scientists began a review of the United Nations Intergovernmental Panel on Climate Change after the Nobel-prize winning body was criticized for errors on melting Himalayan glaciers and flooding.
The UN climate-science agency that was criticized for errors in forecasting when glaciers in the Himalayas may melt should “fundamentally change its management structure,” a review of the Nobel Prize-winning body said.
U.S. and European Union envoys said they expect progress on forming a $100 billion fund to fight global warming and on protecting forests at climate talks in Cancun, Mexico, though no treaty will be agreed.