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.
Belgium has issued 24-hour visas to a Taliban delegation attending European Union migration talks in Brussels, as EU member states explore ways to ret...
U.S. President Donald Trump said on Tuesday Iran had agreed to nuclear inspections into "infinity, despite Tehran's denials, and that unfrozen Iranian...
The Democratic Republic of Congo has recorded more than 1,000 confirmed Ebola cases for the first time in the current outbreak, with infections rising...
The European Bank for Reconstruction and Development (EBRD) has announced a loan of up to $25 million to support energy-efficiency upgrades at Tashken...
Peter Murrell, the former chief executive of Scotland's governing Scottish National Party (SNP), has been jailed for five years and three months after...
Belgium has issued 24-hour visas to a Taliban delegation attending European Union migration talks in Brussels, as EU member states explore ways to return some Afghans convicted of serious crimes or considered security threats.
U.S. President Donald Trump said on Tuesday Iran had agreed to nuclear inspections into "infinity, despite Tehran's denials, and that unfrozen Iranian assets would be used to buy humanitarian supplies from the United States.
Peter Murrell, the former chief executive of Scotland's governing Scottish National Party (SNP), has been jailed for five years and three months after admitting to embezzling more than £400,000 from the party over a 13-year period
Germany is preparing for one of the most significant reforms of its pension system in decades, as Chancellor Friedrich Merz backs proposals aimed at safeguarding retirement incomes in the face of rapid demographic change.
At least thirteen people have died and sixty-six have been injured following an explosion at Qatar's main liquefied natural gas (LNG) processing hub at Ras Laffan, authorities said on Sunday.
Cape Verde’s remarkable FIFA World Cup debut continued on Sunday (21 June) as the tournament newcomers held Uruguay to a 2-2 draw. Goalkeeper Vozinha was once again at the centre of the story, this time with his mother watching from the stands.
Tehran has agreed to let the International Atomic Energy Agency (IAEA) recommence inspections of its nuclear programme, U.S. Vice President JD Vance has said. The U.S. and Iran have settled on a 60-day roadmap aimed at reaching a final deal, according to mediators Qatar and Pakistan.
Armenia and Azerbaijan have agreed on a landmark internet deal that will allow traffic to pass through Azerbaijani networks.It's the latest deal to highlight the ongoing peace process between the two countries.
Three students have been killed and at least seven injured after two of their peers opened fire in a high school in the Philippines, police said. A spokesperson for the police said the two suspects, aged 14 and 15, had been arrested and a police pistol confiscated. Bullying is a possible motive.
Major technology, telecom, aviation and crypto-related firms have pledged to strengthen cooperation to tackle the illegal wildlife trade according to statements made at a business forum convened by United for Wildlife during London Climate Action Week.
Scientists have identified almost 166,000 square kilometres of coral reefs worldwide that appear capable of surviving and recovering from the impacts of climate change, offering new hope for some of the planet's most vulnerable marine ecosystems.
Australia's weather bureau warned on Tuesday that an El Niño weather pattern has formed in the tropical Pacific and could intensify in the second half of 2026, becoming one of the strongest events recorded in seven decades.
France’s parliament has formally recognised state responsibility for the use of the toxic pesticide chlordecone in Martinique and Guadeloupe, marking a significant step in addressing decades of environmental contamination and public health concerns.
Financial markets are significantly underestimating the economic impact of biodiversity loss, potentially leaving countries exposed to sovereign debt crises and rising borrowing costs, according to new research published on Friday.
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