Climate change could slash over 5% from Italy’s GDP by 2050 if no action is taken, according to the national budget watchdog, highlighting the urgent need for global emissions cuts.
The watchdog said the fiscal impact of such disasters could jump from 0.2% of GDP in 2024 to 5.1% by mid-century. However, if global carbon-neutrality goals are met, the damage could be limited to just 0.9%.
Recent years have seen floods and droughts wreak havoc across Italy, particularly affecting the less developed southern regions. The report notes that the frequency of extreme weather events in 2050 could be six times higher without policy changes and twice as high under a carbon-neutral scenario.
UPB President Lilia Cavallari emphasized the need for coordinated international action, warning that isolated efforts to tackle climate change may prove both ineffective and expensive. The report also highlighted the growing cost of government subsidies aimed at supporting the transition to cleaner energy sources.
European Commissioner for Enlargement Marta Kos has said Georgia is a candidate country “only on paper,” prompting a rapid response fro...
United Nations Development Programme Administrator Alexander De Croo has warned the international community against turning its back on...
Azerbaijan has prepared a new draft law on the agricultural sector aimed at strengthening state support, ensuring food security, promoting sustaina...
Russia's health watchdog said on Tuesday that no cases of plague had been detected among anyone who had come into contact with a Siberian plague institute laboratory worker who died last week, and locals said their lives had barely been disrupted.
An Azerbaijani citizen died and another is missing after a cargo ship was attacked by a drone in the Black Sea, near the coast of Romania on Monday, 5 October, Baku's Foreign Ministry has said.
A large Ukrainian drone attack on Moscow and the surrounding region has killed two people, damaged homes and sparked a major fire at a key fuel facility, according to Russian officials and military bloggers.
Russia struck Ukraine overnight in one of the biggest attacks of the conflict, killing at least 19 people, Kyiv's Foreign Ministry said on Wednesday. Around 70 missiles were fired at Ukraine during the attack, as well as drones, the Ministry said.
The German-Azerbaijani Connectivity Conference 2026 commenced on 6 October in Baku under the title “Mobilising Finance for Infrastructure, Transport, Logistics, Green Energy, and Digitalisation along the Middle Corridor.”
Türkiye’s COP31 presidency has unveiled an action agenda designed to turn climate commitments into concrete projects and measurable results, focusing on clean energy, waste reduction, resilient cities and industrial decarbonisation.
Greenland and Antarctica have shed a combined 11.3 trillion tonnes of ice since 1979, according to the most comprehensive satellite study of the planet's ice sheets to date, with researchers warning the pace of loss has accelerated sharply in recent decades.
The European Union will continue allowing large-scale plastic waste exports to Türkiye despite concerns over recycling rates, environmental damage and the risk of illegal waste trafficking.
Hundreds of thousands of deep-diving turtles, known as olive ridley sea turtles, have arrived on Mexico’s southern coast for one of nature’s most striking nesting events. But conservation officials warn that climate change is making it increasingly difficult for their eggs to hatch.
August 2026 tied as the hottest month ever recorded globally, pushing average temperatures above the critical 1.5°C threshold as extreme weather swept across several regions, the EU’s Copernicus Climate Change Service said.
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