2023 Sets New Global Temperature Records

As local heat records are being broken across the planet, July 2023 also saw the global average temperature soar to an unprecedented 17.2°C (62.9°F).

In fact, according to the U.S. National Oceanic and Atmospheric Administration (NOAA), the four hottest days on record occurred from July 4 to July 7, 2023, breaking the previous record of 16.9°C (62.4°F) set in mid-August 2016.

The above graphic charts the average air temperature at 2 meters above the surface, since 1979, using data from Climate Reanalyzer.

Read the full article HERE.

Net zero won't change the way we live

Reaching net zero carbon emissions by 2050 is a huge challenge. But we can cut emissions rapidly with technology and 'green growth', rather than 'degrowth', says the FT’s Martin Sandbu.

Deutsche Bank’s ESG executive slams industry’s greenwashing practices

Kamran Khan, Deutsche Bank’s head of ESG for Asia Pacific, urged the financial services industry to step up its game and take responsibility for its use of ESG and net-zero labels. 

At a time when the possible ramifications of greenwashing practices multiply rapidly, Khan said there is a growing need to put a “reality check” and impose the authority of “saying no” to colleagues or clients trying to misleadingly attach the ESG label to their products. 

“When you look at it, any company can make a net-zero commitment, and come up with a nice little PowerPoint on how they’re going to move from today to 2030 or 2050,” Khan said at a Sibos 2021 panel last October.

Read the full article on bobsguide. HERE.

What is net zero? - The Economist

 

More than 50 countries around the world have pledged to become net zero. But what does net zero actually mean—and is it achievable?