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.
Chinese President Xi Jinping told South Korean President Lee Jae Myung on Saturday that he was ready to deepen cooperation and work together to addres...
Canadian Prime Minister Mark Carney said on Saturday that he had apologised to U.S. President Donald Trump over an anti-tariff political advert and ha...
Start your day informed with AnewZ Morning Brief: here are the top news stories for 1 November, covering the latest developments you need to know....
Ukrainian President Volodymyr Zelenskyy on Friday dismissed reports that Russian forces had encircled Pokrovsk in the eastern Donetsk region, insistin...
The Trump administration has announced its support for repealing the Caesar Act sanctions on Syria and called on U.S. lawmakers to include the move in...
Chinese President Xi Jinping told South Korean President Lee Jae Myung on Saturday that he was ready to deepen cooperation and work together to address shared challenges, while Lee appealed for Beijing’s support in efforts to revive dialogue with nuclear-armed North Korea.
Canadian Prime Minister Mark Carney said on Saturday that he had apologised to U.S. President Donald Trump over an anti-tariff political advert and had instructed Ontario Premier Doug Ford not to air it.
Start your day informed with AnewZ Morning Brief: here are the top news stories for 1 November, covering the latest developments you need to know.
Ukrainian President Volodymyr Zelenskyy on Friday dismissed reports that Russian forces had encircled Pokrovsk in the eastern Donetsk region, insisting that Ukrainian troops remain in control of the situation.
Reports from CNN say the Pentagon has approved the provision of long range Tomahawk missiles to Ukraine after assessing its impact on U.S. stockpiles, while leaving the ultimate decision to President Trump.
Tanzanian police fired tear gas and live rounds on Thursday to disperse protesters in Dar es Salaam and other cities, a day after a disputed election marked by violence and claims of political repression, witnesses said.
Russia launched a barrage of drones and missiles at Ukraine's energy infrastructure and other targets, forcing nationwide power restrictions and killing seven people, including a seven-year-old girl, Ukrainian officials said on Thursday.
The U.S. State Department has ordered the departure of all non-emergency personnel and their family members from Mali, citing escalating security risks as al Qaeda-linked insurgents tighten a fuel blockade on the country.
Iran’s Foreign Minister Abbas Araghchi said that Tehran is pursuing what he termed a policy of “provincial diplomacy” to promote Iran’s trade and cultural relations with its neighbouring countries.
At least 13 people have been killed and 11 remain missing after record rainfall caused severe flooding across central Vietnam, submerging homes and disrupting transport in the historic cities of Hue and Hoi An.
The UN Secretary-General, António Guterres, warned on Tuesday that humanity has failed to limit global warming to 1.5°C and must take urgent action.
Hurricane Melissa has made landfall in south-western Jamaica as a category five storm, unleashing violent winds, torrential rain and life-threatening floods across the island.
Billionaire investor and philanthropist Bill Gates called on world leaders on Tuesday to adapt to extreme weather and focus on improving health outcomes rather than temperature reduction targets ahead of the COP30 climate talks in Brazil.
Three people have died in Jamaica as Hurricane Melissa, possibly the island’s strongest storm ever, approaches with “catastrophic” conditions, warn U.S. meteorologists.
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