The start of COP29 in Baku coincided with the release of new United Nations data that shows a record 11% increase in global CO2 emissions over the past 20 years. This highlights the critical need for urgent international action to tackle climate change.
Fresh United Nations data, coinciding with the opening of the COP29 climate summit here in Baku, has highlighted a record-breaking rise in global CO2 emissions. The report has revealed an 11% increase in such emissions over the past two decades, with greenhouse gases reaching unprecedented levels. For the UN, this underscores the urgent need for effective international action to combat the climate crisis.
The UN report states that carbon dioxide is accumulating in the atmosphere at an unprecedented rate, with long-term consequences for global temperatures. Ko Barrett, Deputy Secretary-General of the World Meteorological Organization, warned that due to the prolonged atmospheric lifetime of CO2, rising temperatures are now inevitable for many years to come.
Greenhouse gas emissions continue to drive global warming, with European Union scientists predicting that 2024 will likely become the hottest year in over 125,000 years.
In his opening remarks at the G20 summit, United Nations Secretary-General António Guterres, urged nations to lead global efforts in reducing emissions by 9% per year through to 2030, by phasing out fossil fuels, and accelerating the transition to renewable energy. "The climate crisis is here. We cannot afford to delay our response. We must adapt now," Guterres stated, emphasising the need to limit the global temperature rise to 1.5°C to avoid the worst impacts of climate change.
As the summit progresses, governments are under significant pressure to demonstrate concrete commitments to reducing emission and outlining clear strategies for mitigating further temperature increases. The main focus of COP29 is to achieve tangible, global solutions to address the climate emergency and ensure a sustainable future for all.
Samsung has appointed Roh Tae-moon as interim head of its consumer and smartphone unit following the passing of Han Jong-hee. With CEO Jun Young-hyun now solely leading the company, Samsung faces key challenges in its chip business and rising competition.
The upcoming Beatles biopic will be told through four films.
The Swiss government announced on Tuesday that the value of Russian assets frozen in the country has risen to 7.4 billion Swiss francs ($8.38 billion) by the end of March 2025, up from 5.8 billion francs last year, due to newly identified funds and ongoing investigations into sanctions violations.
Samsung has appointed Roh Tae-moon as interim head of its consumer and smartphone unit following the passing of Han Jong-hee. With CEO Jun Young-hyun now solely leading the company, Samsung faces key challenges in its chip business and rising competition.
The upcoming Beatles biopic will be told through four films.
Russian billionaire Vadim Moshkovich, founder of Rusagro, faces charges of embezzling 30 billion roubles ($357 million). His arrest is among the most high-profile in Russia’s business world in recent years.
The Swiss government announced on Tuesday that the value of Russian assets frozen in the country has risen to 7.4 billion Swiss francs ($8.38 billion) by the end of March 2025, up from 5.8 billion francs last year, due to newly identified funds and ongoing investigations into sanctions violations.
Aid groups in Myanmar’s worst-hit areas urgently need shelter, food, and water after a devastating 7.7 magnitude earthquake killed over 2,700 people. Rescue efforts face challenges due to ongoing civil war, damaged infrastructure, and restricted aid access, with the toll expected to rise.
Russian forces carried out a drone attack on Ukraine’s second-largest city, Kharkiv, late Wednesday, injuring at least twenty one people and causing structural damage, according to Ukrainian officials.
French far-right leader Marine Le Pen was banned from running for public office for five years after being convicted of embezzlement, ruling her out of the 2027 presidential race. She received a four-year prison sentence, with two years suspended, and a €100,000 fine. Le Pen plans to appeal.
Apple marked its 49th anniversary by reaching a market capitalization of $3.3 trillion. Despite recent tech stock volatility, Apple's shares surged 28% in 2024.
The Armenian armed forces attempted three reconnaissance drone flights over Azerbaijan Army positions near Gerenzur, but all were successfully intercepted. Meanwhile, Armenian units repeatedly fired on Azerbaijani positions from multiple regions, escalating tensions in the area.
Belgium and Vietnam have signed agreements to collaborate on green hydrogen production during King Philippe’s historic visit to Hanoi.
The World Bank reported that air pollution leads to approximately 5.7 million deaths each year, with 95% of fatalities occurring in low- and middle-income nations. It also causes economic losses amounting to 5% of global GDP due to health impacts, productivity decline, and reduced life expectancy.
France, Italy, and Slovakia have urged the EU to simplify its carbon border levy rules this year, calling for reduced red tape and standardized emissions calculations to ease the burden on businesses.
The International Renewable Energy Agency (IRENA) officially confirmed that 2024 was a record year for renewables additions to global power capacity. Renewables represented more than 92 per cent of all new electricity generation capacity installed last year.
The Sydney opera house, and other iconic national monuments round the world turned off their lights at 8:30pm local time to commemorate earth hour.
Samsung has appointed Roh Tae-moon as interim head of its consumer and smartphone unit following the passing of Han Jong-hee. With CEO Jun Young-hyun now solely leading the company, Samsung faces key challenges in its chip business and rising competition.
The upcoming Beatles biopic will be told through four films.
Russian billionaire Vadim Moshkovich, founder of Rusagro, faces charges of embezzling 30 billion roubles ($357 million). His arrest is among the most high-profile in Russia’s business world in recent years.
The Swiss government announced on Tuesday that the value of Russian assets frozen in the country has risen to 7.4 billion Swiss francs ($8.38 billion) by the end of March 2025, up from 5.8 billion francs last year, due to newly identified funds and ongoing investigations into sanctions violations.
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