Brexit would land the oil and gas industry with a half-billion-pound bill if EU exit talks end with the UK leaving on World Trade Organisation rules, Theresa May has been warned. The costs for trading £73bn worth of oil and gas annually would jump from £600m a year now to £1.1bn in a worst case WTO scenario, analysis for the industry trade body found.
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A new scientific assessment of climate change in the Arctic, by the Arctic Council’s Arctic Monitoring and Assessment Programme (AMAP), concludes that the Arctic is shifting—rapidly and in unexpected ways—into a new state. If current trends are allowed to continue, they will have increasingly profound impacts on human health and safety, industries and economies, and ecosystems around the world.
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Climate change will fuel acts of terrorism and strengthen recruiting efforts by terrorist groups such as Islamic State and Boko Haram, a report commissioned by the German foreign office has found. Terrorist groups will exploit the natural disasters and water and food shortages expected to result from climate change and allow them to recruit more easily, operate more freely and control civilian populations, argues the report by Berlin thinktank Adelphi.
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The U.S. administration of Donald Trump on Monday scuppered efforts by the Group of Seven industrialized countries to reach a common stance on energy when it asked for more time to work out its policies on climate change. Trump signed an order in March to undo climate change regulations drawn up under his predecessor Barack Obama, calling into question U.S. support for an international deal to fight global warming.
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Europe’s leading energy companies have announced that they will build no new coal-fired power plants in the European Union after 2020, in support of the goals agreed by international community under the 2015 Paris Climate Change Agreement. The central goal of the Paris Agreement is to keep the maximum global average temperature rise as close as possible to 1.5 degrees Celsius.
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