BP has fended off a proposal calling for greater action on climate change but shareholder support more than doubled for the demands of the activist group that proposed it.
FT 12th May 2021 read more »
UN experts have found a new way to limit climate change, save lives, save the economy and reduce crop losses. It’s simple: start reducing emissions of the natural gas methane and bring them down by 45% in one generation. Drastic methane cuts can work wonders for the global climate. Methane − also known as marsh gas − is a potent greenhouse gas and a dangerous air pollutant. According to a new UN Environment Programme (UNEP) assessment, a cut of approaching half of emissions by 2045 would prevent an estimated 260,000 premature deaths, save 775,000 asthma-related visits to hospital, and prevent 73 billion hours of labour lost because of extreme temperatures and annual crop losses of 25 million tonnes. “Cutting methane is the strongest lever we have to slow climate change over the next 25 years and complements necessary efforts to reduce carbon dioxide,” said Inger Andersen, UNEP’s executive director. “The benefits to society, economies and the environment are numerous and far outweigh the cost. We need international cooperation to urgently reduce methane emissions as much as possible this decade.” The proposal is unlikely to meet with any argument from the world’s climate scientists, who have welcomed the report and its conclusions. “Seldom in the world of climate change action is there a solution so stuffed with win-wins,” said Dave Reay of the University of Edinburgh’s climate change institute.
Climate News Network 13th May 2021 read more »