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The baby boomer dream of tanning on the beach is fading as temperatures rise. We are going to have to reinvent July and August.
Researchers examined the economic cost of the climate crisis and found it would cut about 37% from global GDP this century, more than twice the drop experienced in the Great Depression. For every tonne of carbon dioxide emitted, the global economy would be $3,000 worse off by the end of the century, they estimated.
Major airlines have claimed in recent years that they can offset emissions by supporting forest conservation projects, yet a new investigation reveals that the systems used are deeply flawed. One of the main offset accreditors, Verra, whose ‘avoided’ deforestation scheme is criticised in the investigation for lacking credibility
InfluenceMap, a think tank that monitors corporate lobbying around climate change, reveals: while the 10 European airlines looked at for this report have received around €30 billion in bailouts during the pandemic – some of which came with conditions attached to encourage climate-friendly actions – most have simultaneously lobbied to delay new proposals to cut aviation emissions.
