…The German oceanographer and climatologist Stefan Rahmstorf writes: “We have enough ice on Earth to raise sea levels by 65 metres – about the height of a 20-storey building – and, at the end of the last ice age, sea levels rose by 120 metres as a result of about 5C of warming.” Taken together, these figures give us a perspective on the powers we are dealing with. Sea-level rise will not remain a question of centimetres for very long.

..Saving the world is voluntary. You could certainly argue against that statement from a moral point of view, but the fact remains: there are no laws or restrictions in place that will force anyone to take the necessary steps towards safeguarding our future living conditions on planet Earth. This is troublesome from many perspectives, not least because – as much as I hate to admit it – Beyoncé was wrong. It is not girls who run the world. It is run by politicians, corporations and financial interests – mainly represented by white, privileged, middle-aged, straight cis men. And it turns out most of them are terribly ill suited for the job. This may not come as a big surprise. After all, the purpose of a company is not to save the world – it is to make a profit. Or, rather, it is to make as much profit as it possibly can in order to keep shareholders and market interests happy….

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Emissions from the burning of fossil fuels have driven the climate crisis and contributed to worsening extreme weather, including the current heatwaves hitting the UK and many other Northern hemisphere countries. Oil companies have known for decades that carbon emissions were dangerously heating the planet.

“I was really surprised by such high numbers – they are enormous,” said Verbruggen, an energy and environmental economist at the University of Antwerp, Belgium, and a former lead author of an Intergovernmental Panel on Climate Change report.

“It’s a huge amount of money,” he said. “You can buy every politician, every system with all this money, and I think this happened. It protects [producers] from political interference that may limit their activities.”

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Fossil fuel companies have access to an obscure legal tool that could jeopardize worldwide efforts to protect the climate, and they’re starting to use it. The result could cost countries that press ahead with those efforts billions of dollars.

The treaties allow investors to sue governments for compensation in a process called investor-state dispute settlement, or ISDS. In short, investors could use ISDS clauses to demand compensation in response to government actions to limit fossil fuels, such as canceling pipelines and denying drilling permits. For example, TC Energy, a Canadian company, is currently seeking more than US$15 billion over U.S. President Joe Biden’s cancellation of the Keystone XL Pipeline.

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The war in Ukraine is also having ripple effects throughout the global system: food and fuel prices are soaring, leading to political destabilization in many countries around the world, European attitudes about defense spending have dramatically changed, war mongering in the US has once again reached an all-time, and even China is putting on display its global reach ambitions by delivering missiles to Serbia, a traditional Russian ally.

Last, but not least, the war in Ukraine is pushing climate action aside even though most countries are falling short on their climate goals.

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The new IPCC report arrives in a period of extraordinary global political and economic turbulence that has further jeopardized efforts to address climate change. Energy prices spiked after Russia’s invasion of Ukraine, prompting several nations to increase fossil-fuel production. In the long run, that will only make matters worse.
Leaders who claim to be protecting their people by doubling down on fossil fuels are doing the exact opposite: throwing their people to the wolves of energy insecurity, price volatility and climate chaos.
The IPCC report lays out a saner, safer approach, one that would get the world back on track by using renewable solutions that provide green jobs, energy security and greater price stability.
This report is a blueprint to bring us back to the 1.5-degree pledge that nearly 200 nations made in Paris and renewed at the COP26 gathering in Glasgow, Scotland, in November.

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