4 Degree Celsius Rise In Temperature May Cut Global GDP By 40%: Study

A team of Australian researchers on Tuesday said that 4-degree Celsius rise in global temperatures would cut world GDP by around 40 per cent by 2100 – a sharp increase from previous estimates of around 11 per cent. New projections by the University of New South Wales (UNSW) Institute for Climate Risk and Response (ICRR) … Read more

Billionaire Michael Bloomberg To Fund UN Climate Change Body After US Withdrawal

Billionaire Michael Bloomberg announced Thursday that his foundation will step in to fund the UN climate change body after President Donald Trump declared the United States would withdraw from the Paris Agreement for the second time. Bloomberg’s intervention aims to ensure the United Nations Framework Convention on Climate Change (UNFCCC) remains fully funded despite the … Read more