The undertaking is proving not to be financially or environmentally viable. Deep-sea mining could cause up to 25-times more damage to the world’s biodiversity than land-based mining, resulting in $500bn of lost value, according to a new study published on Thursday. Many of the critical minerals needed in the production of electric vehicles (EV) can...
Money offered so far falls far short of estimated $400bn in losses developing countries face each year. Wealthy countries most responsible for the climate emergency have so far pledged a combined total of just over $700m (£556m) to the loss and damage fund – the equivalent of less than 0.2% of the irreversible economic and...
At the COP27 summit in Sharm El-Sheikh, Egypt, an agreement to establish a loss and damage fund was hailed as a major breakthrough on one of the trickiest topics in the UN climate change negotiations. In an otherwise frustrating conference, this decision in November 2022 acknowledged the help that poorer and low-emitting countries in particular need to deal...
Canada aims to add more satellites to its flagship Earth observation program “as soon as possible” thanks to a fresh funding infusion, a senior space official said in an exclusive interview. The Canadian Space Agency (CSA) will receive substantial new government funding to extend the long-standing Radarsat satellite series, a keystone of the country’s climate change strategy and international disaster response,...
SUN Ship Management has become one of the main transporters of Russian oil to countries including India and Cuba. BRUSSELS — The EU is discussing whether to sanction Dubai-based shipping company SUN Ship Management Ltd, which is suspected of helping Russia circumvent restrictions on its oil exports, three diplomats told POLITICO’s Brussels Playbook on condition of anonymity....
SUN Ship Management has become one of the main transporters of Russian oil to countries including India and Cuba. BRUSSELS — The EU is discussing whether to sanction Dubai-based shipping company SUN Ship Management Ltd, which is suspected of helping Russia circumvent restrictions on its oil exports, three diplomats told POLITICO’s Brussels Playbook on condition of anonymity....