Named by Peruvian fishermen because of its tendency to appear around Christmastime, El Niño is the planet’s most large-scale and recurring mode of climate variability. Every 2-7 years, a slackening of trade winds that push sun-warmed water across the Pacific contributes to a rise in water temperature across large parts of the ocean.
The global community places great hopes in the UN climate conference in Paris in December. Oliver Geden of the German Institute for International and Security Affairs told Katja Dombrowski in an interview what would make Paris a success and why he doubts that the two-degree target will be reached.
“With better information as a foundation, we can build a virtuous circle of better understanding of tomorrow’s risks, better pricing for investors, better decisions by policymakers, and a smoother transition to a lower-carbon economy.” Mark Carney, Governor of the Bank of England
Mark Carney, the governor of the Bank of England, has become the latest person to deliver a blunt warning about the risks of climate change to global financial stability. Speaking at Lloyd’s of London, Carney warned that “the catastrophic impacts of climate change will be felt beyond the traditional horizons of most actors – imposing a cost on future generations” and that “climate change will threaten financial resilience and longer-term prosperity.”
The spiritual grandchild of the Rio Earth Summit agreement of 23 years ago, the universal climate agreement (UCA), is the world's best chance to limit global temperature increase to two degrees Celsius. The universal hope is that it will be adopted at the global climate change summit in Paris, France, in December 2015.
Finance ministers and central bank governors of the world’s 20 major economies, accounting for 66 percent of world population, have pledged to “promote an enabling global economic environment for developing countries as they pursue their sustainable development agendas”.
"Climate change is already disrupting our agriculture and ecosystems, our water and food supplies, our energy, our infrastructure, human health, human safety - now. Today. Climate change is a trend that affects all trends - economic trends, security trends. Everything will be impacted. ...
Investors are, by necessity, experts at taking calculated risks. They scan the horizon of our ever-evolving world for new and sometimes unexpected economic challenges so that they can put their money where it’s most likely to grow. Today, financial institutions are facing one economic challenge that will fundamentally change the way we do business—climate change.
China’s efforts to shift away from coal will be blunted by the country’s growing carbon footprint overseas, argues Nobel laureate Joseph Stiglitz.
Violent conflicts and security crises around the world have many different causes and effects. The vast majority of them, however, are in one way or another related to energy policy. Yet experts from the foreign policy, security and energy communities have been reluctant to fully grasp the security implications of promising green energy technology and market developments, argue Rebecca Bertram and Charlotte Beck.