Sunday, February 23News That Matters

Tag: Climate solutions

Global Alarm Unequal EWS Funding Threatens UN’s 2027 Climate Safety Goal

Global Alarm Unequal EWS Funding Threatens UN’s 2027 Climate Safety Goal

Breaking News, Climate Actions
With the UN’s 2027 goal of universal early warning system (EWS) coverage fast approaching, funding distribution remains uneven, with over half of global investments concentrated in just five countries China, Bangladesh, India, Pakistan, and Indonesia. The Early Warnings for All (EW4All) initiative, launched in 2022, aims to protect vulnerable populations from increasingly severe climate-related disasters. While EWS projects saw record funding in 2023, Small Island Developing States (SIDS) and Least Developed Countries (LDCs) still face significant resource gaps. To track and optimize funding, the UN and World Meteorological Organization (WMO) launched the Global Observatory for Early Warning System Investments in December 2024. This platform monitors funding from key financial instit...
Columbia University Launches Climate Finance Masters Program

Columbia University Launches Climate Finance Masters Program

Breaking News, Climate Actions
Columbia University’s Climate School has introduced a groundbreaking master’s degree in climate finance, the first of its kind in the U.S. The program, launching this fall, aims to equip professionals with financial and scientific expertise to address the challenges and opportunities of climate change and the global energy transition. Developed in partnership with Columbia Business School, the program will focus on a multidisciplinary approach to climate crisis solutions, covering topics like climate science, international finance, capital markets, and energy financing. Alexis Abramson, Dean of the Climate School, highlighted the need for collaborative problem-solving, emphasizing the importance of integrating finance with climate strategies to combat the global crisis. Costis Mag...
Public Investment in Climate Finance & Care Services Essential for Adaptation

Public Investment in Climate Finance & Care Services Essential for Adaptation

Breaking News, Climate Actions, Fact Check
Climate finance plays a crucial role in addressing climate change, but one often-overlooked sector is care services the work of caring for people, both paid and unpaid, largely performed by women. As climate change intensifies, caregiving demands rise, yet infrastructure and resources remain inadequate. Why Care Services Matter in Climate Adaptation Extreme heat, floods, wildfires, and storms disproportionately impact vulnerable groups like young children and the elderly, increasing the need for healthcare, childcare, and elder care. However, most disaster preparedness plans fail to prioritize care services, leaving caregivers especially in urban informal settlements struggling with limited access to clean water, energy, and healthcare. Despite the growing urgency, climate finance...
Bhutan Bolsters Climate Resilience with Advanced Hydromet Services

Bhutan Bolsters Climate Resilience with Advanced Hydromet Services

Breaking News, Climate Actions, Environment
Nestled in the heart of the Himalayas, Bhutan a nation renowned for pioneering Gross National Happiness faces growing threats from climate-induced disasters. Yet, within this challenge lies an opportunity to revolutionize its approach to weather, water, and early warning systems. Recent climate events highlight the urgency. A flash flood in August, intensified by upstream landslides, affected 70 households in Thimphu. In 2023, another flood claimed 23 lives and damaged the Yungichhu hydropower project. Severe rainfall in 2021 destroyed 2,400 metric tons of crops across 18 Dzongkhags. With 700 glaciers and 567 glacial lakes 17 posing high GLOF risks Bhutan’s vulnerability is evident, particularly for its agriculture-dependent workforce. For a decade, Bhutan’s National Centre for Hydro...
Mira Bhayandar Unveils Climate Action Plan to Achieve Net-Zero by 2047

Mira Bhayandar Unveils Climate Action Plan to Achieve Net-Zero by 2047

Breaking News, Climate Actions
Mira Bhayandar, a fast-growing satellite city of Greater Mumbai, has launched an ambitious Climate Action Plan aiming for net-zero emissions by 2047. This makes it the fifth city in Maharashtra after Mumbai, Sholapur, Nashik, and Chhatrapati Sambhaji Nagar to develop a strategic roadmap for climate resilience. The Mira Bhayandar City Climate Action Plan 2024-2047, prepared jointly by the Aga Khan Agency for Habitat India and the Mira Bhayandar Municipal Corporation (MBMC), was unveiled in Mumbai on January 29. It sets a target of reducing greenhouse gas (GHG) emissions by 36%, focusing on renewable energy, energy efficiency in buildings, and improved waste management. Rising Urbanization and Emissions Mira Bhayandar has seen a 50% increase in built-up areas since 2005, with urban ...
Brazil Prepares for COP30: Ambassador Andre Correa do Lago Takes the Helm Amid Challenges

Brazil Prepares for COP30: Ambassador Andre Correa do Lago Takes the Helm Amid Challenges

Breaking News, Climate Actions
Brazil has appointed Ambassador Andre Correa do Lago as the head of the COP30 climate summit, set to take place in November 2025 in Belem, located in the heart of the Amazon. His appointment comes at a critical juncture as global climate negotiations face challenges, including lingering effects from former U.S. President Donald Trump’s decision to withdraw from the Paris Agreement. Ambassador Correa do Lago expressed concern over the impacts of the U.S. withdrawal on climate discussions but remained hopeful about continued dialogue with the country, which remains part of the United Nations climate convention. The summit will focus on critical issues like financing energy transitions in developing nations and forging new commitments to reduce global emissions. "Despite the challenges,...
How Developing Nations Can Bridge the Climate Finance Gap

How Developing Nations Can Bridge the Climate Finance Gap

Breaking News, Climate Actions, Idea & Innovations
As climate change accelerates, the urgency to address its impacts grows, particularly for the world's most vulnerable nations. Yet, the conclusion of COP29 highlights a stark reality: the gap between climate finance needs and actual funding remains vast. Developing nations face the daunting challenge of mobilizing resources to adapt to and mitigate the climate crisis while grappling with stretched public budgets and limited international support. The Global Finance Dilemma Emerging economies require an estimated $1.3 trillion annually to combat the escalating climate crisis. However, developed nations have pledged only $300 billion per year by 2035—a figure that falls significantly short and is expected to lose real value due to inflation. By 2035, this amount may shrink to an equiva...
ESCAP Says Robust Social Protection Systems Vital Amid Climate Challenges

ESCAP Says Robust Social Protection Systems Vital Amid Climate Challenges

Breaking News, Climate Actions, Learning & Developments
New Delhi: As climate change and economic uncertainties intensify, robust social protection systems are becoming a necessity, not a choice, warns the Social Outlook 2024 report by the Economic and Social Commission for Asia and the Pacific (ESCAP). The report highlights a dire need to close financing gaps to safeguard vulnerable populations and build resilience. The Asia-Pacific region currently spends only 8.2% of its GDP on social protection, significantly below the global average of 12.9%. ESCAP cautions that without increased investment, rising poverty driven by climate change, digital disparities, and aging populations could become unavoidable. Social protection is more than a safety net; it’s an investment that stabilizes economies during crises. This was evident during the COV...
Sunspot Region AR 3697 Returns with a Bang, Unleashing Powerful X-Class Flares

Sunspot Region AR 3697 Returns with a Bang, Unleashing Powerful X-Class Flares

Breaking News, Environment, Space
The sunspot region responsible for the glorious auroras that shimmered over most of Earth in early May is back, and it's still engaging in shenanigans. Known previously as AR 3664, this region was behind several X-class flares, including the most powerful of the current solar cycle. After rotating away from view onto the far side of the Sun in the middle of May, it re-emerged in style with a brand new name – AR 3697. On May 27, AR 3697 erupted with another powerful X-class flare, this time an X 2.8. Since then, it has continued its activity, producing four more X-class flares, bringing the total to five as of the latest reports. The sequence of events began on May 29 with an X1.45 flare, followed by an X1.1 flare on May 31. On June 1, AR 3697 unleashed two more flares, an X1.03 and a...
Climate Mitigation through Nature-Based Solutions (NBS)

Climate Mitigation through Nature-Based Solutions (NBS)

Breaking News, Climate Actions, Thoughts & Talks
Climate change has profound and far-reaching effects on the environment, impacting ecosystems, biodiversity, and natural processes. One of the most pronounced consequences is the rise in global temperatures, leading to more frequent and severe heatwaves. This warming contributes to the melting of glaciers and polar ice caps, causing rising sea levels and threatening coastal ecosystems and low-lying communities. Changes in temperature and precipitation patterns also disrupt ecosystems and alter the distribution of plant and animal species, often leading to shifts in migration patterns and the emergence of new ecological challenges. Moreover, climate change intensifies extreme weather events, including hurricanes, droughts, floods, and wildfires. These events have devastating effects on both...