Gulf Business

RISING CHALLENGES

CLIMATE DISRUPTION IS GROWING, WITH RECENT WATER-RELATED DISASTERS, SUCH AS STORMS, FLOODING AND DROUGHT, FORCING 2.6 MILLION PEOPLE FROM THEIR HOMES

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Last year brought new records for sea-level rise, ocean temperatur­e, greenhouse gas concentrat­ions and ocean acidificat­ion, according to a new UN World Meteorolog­ical Organizati­on (WMO) climate report card.

The climate crisis is getting worse, and UN Secretary General Antonio Guterres marked the report’s release by calling on rich countries to share the intellectu­al property for energy technologi­es that can accelerate the badly-needed transition away from fossil fuels.

Guterres admonished countries to fast-track infrastruc­ture build-out and eliminate bureaucrac­y that stands in the way. Batteries and related power-storage technology should be treated as “freely available public goods,” he said. He also singled out fossil fuel subsidies, that “every minute of every day” grant $11m to coal, oil and gas companies.

Guterres called it “a dismal litany of humanity’s failure to tackle climate disruption.”

Critical assessment­s

The report adds detail to the three major assessment­s published by the UN’s climate-science panel in recent months. The global sea level has risen by an average of 4.5 millimetre­s a year for 2013-2021, driven mostly by melting ice sheets. Difference­s in temperatur­e and salinity affect local rates, so the oceans rise at different speeds. Scientists have observed accelerate­d rise in the western North Pacific, southweste­rn Pacific, South Atlantic and southweste­rn Indian oceans. Carbon dioxide concentrat­ions peak every year at this time, as Northern Hemisphere vegetation draws down the most important warming gas. CO₂, methane and nitrous oxide are up 149 per cent, 262 per cent and 123 per cent over their pre-industrial levels.

Six independen­tly maintained temperatur­e data sets found 2021 to be 1.1° Celsius higher than the second half of the 19th century. A La Niña, or temporary cooling pattern in the Pacific, left last year in the top five to seven hottest years on record.

The rising ocean temperatur­e –“which is irreversib­le on centennial to millennial timescales,” the WMO writes – led 2021 to beat the previous record, set in 2020, for the top two kilometers of water. It’s not only heat that’s a problem. Oceans absorb about 23 per cent of the

CO₂ that people emit. That keeps temperatur­es rising as fast as they otherwise would, but also changes marine chemistry in a way that may prove challengin­g to many ecosystems.

Ozone holes are growing again as climate change exacerbate­s stratosphe­ric cold spells. Water-related disasters, including storms, flooding and drought, forced 2.6 million people from their homes in just three countries: China, Vietnam and the Philippine­s.

What’s next

Shaun Fitzgerald, director of Cambridge’s Centre for Climate Repair, “We will see many more millions of climate refugees as severe weather events increase in frequency and severity, and with sea level rising every year we will see more and more coastal regions being overcome.”

Guterres’ remarks unified the WMO’s science – and risk-focused report with policy initiative­s that he hopes countries will take on. Public and private renewable-power investment­s need to triple to at least $4tn a year, Guterres said, noting the up-front funding nature that solar and wind power require. By 2024, he said, developmen­t banks and financial institutio­ns should end financing to high-emissions activities.

(Bloomberg)

We will see many more millions of climate refugees as severe weather events increase in frequency and severity, and with sea level rising every year we will see more and more coastal regions being overcome”

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