Syukuro Manabe: Mapping the Earth’s climate

A low carbon world is being shaped, and the private sector is in the spotlight. While the pandemic is teaching the importance of getting prepared to future risks, the big actors of the financial system are refining the criteria for the allocation of capital to get safe from the coming challenges. For businesses, keeping up with the change is not a matter of reputation anymore. Dealing with climate change is now about financial survival.

After two weeks of intense negotiations, running 24 hours into overtime, COP26 has come to a close producing the “Glasgow Climate Pact”. Although most global headlines have focused on the last-minute watering down of the Pact – with India imposing a use of the term “phase-down” of coal power instead of the original “phase-out” –  and high income countries failing to make progress on the issue of loss and damage the conference also delivered positive outcomes with commitments to doubling adaptation finance and a push for more ambitious climate pledges by next year.

For the second time in less than one month Europe has been hit by an extreme heatwave. This time high temperatures have caused French nuclear power stations to decrease energy outputs due to unsafe levels of heat.