BEIJING – Carbon dioxide emissions from the world’s steel sector will fall 30% by 2050 compared with last year as more mills turns to less-polluting electric arc furnaces (EAF), consultancy Wood Mackenzie said in a study on Tuesday. Around 48% of global crude steel will be made via EAF by 2050, according to Woodmac, increasing from 30% in 2021 and almost on a par with traditional blast furnace steelmaking. “Together with green hydrogen-based direct reduced…"Steel industry carbon emissions to drop nearly 1/3 by 2050 – Woodmac"
SYDNEY – After some of the worst fires and floods ever to hit Australia, a new cohort of climate-conscious independents are threatening to shake up the federal election on Saturday, putting the government under pressure in key districts and potentially reshaping the country’s political landscape. Enraged by the lack of government action on climate change, the candidates are campaigning hard on environmental issues in the hope of wooing moderate voters away from the major parties.…"After fires and floods, climate-conscious independents could determine Australian election"
– Canada launched the public consultation phase of a national climate adaptation strategy on Monday, aimed at developing its first-ever framework to help cope with increasing natural disasters and other severe impacts from global warming. During the three-month consultation period Canadians are being asked for input on how communities and businesses should prepare for climate-related disasters like wildfires, rising sea levels and melting permafrost. The climate in Canada is warming twice as fast as the…"Canada opens public consultations on national climate adaptation strategy"
CHICAGO – The U.S. Agriculture Department announced on Monday $6 billion in emergency relief payments for farmers impacted by natural disasters in 2020 and 2021. The funding can help cover damage to crops, trees, bushes, and vines from wildfires, hurricanes, floods, drought and extreme temperatures and comes from a bill President Joe Biden signed into law in September."U.S. announces $6 billion in natural relief payments for farmers"
KYIV – Weather conditions for the development of Ukrainian spring and winter crops were satisfactory in early May and most of the crops are in good or satisfactory condition, analyst APK-Inform said on Monday. Ukraine has almost completed its early spring grain sowing and the area would be 20% to 30% smaller than in peace time because of fighting in southern and eastern regions of the country, one of the world’s biggest wheat exporters. “Weather…"Weather mostly favours Ukrainian grain crops in May, consultancy says"
MEXICO CITY – Colombia’s presidential front-runner Gustavo Petro wants, if he wins later this month, to stop all new oil exploration and move his country to a greener future. That lines him up with Chile’s recently-elected President Gabriel Boric, a Millennial who has also pledged to take a firm stance on tackling climate change. As Latin America sees a resurgent ‘pink tide’ – with most of the region set to be headed by leftists by…"How the new Latin America left is seeking a greener future"
PARIS – Storms and rainshowers in large parts of France overnight provided some relief but not enough for French cereals suffering a prolonged drought, the head of the French agriculture association said on Monday. FNSEA chief Christiane Lambert said on BFM television that rain that fell overnight would not solve wheat growers’ problems as some of it ran off the land rather than penetrate bone-dry soils. “The situation is very complicated because water reserves are…"Rainstorms in France give some relief to cereals but not enough, FNSEA says"
SYDNEY – Tuvalu fears that climate change, an existential threat to the Pacific nation, is being forgotten and it worries that fellow island nations could become “pawns” in a global competition between China and the United States, its foreign minister said. Simon Kofe told the superpower competition was a concern, distracting attention from climate change, the priority for Pacific islands endangered by rising sea levels. “It is important that the Pacific handles these issues carefully,”…"Tuvalu, sinking in the Pacific, fears becoming a superpower ‘pawn’"
– The Canadian government is in talks with heavy industrial emitters about ways to ensure Ottawa’s planned carbon price increases will remain in place even if Prime Minister Justin Trudeau’s Liberal government is voted out of power. Federal Natural Resources minister Jonathan Wilkinson told most of the discussions have focused on “carbon contracts for differences.” These contracts set a price on tradable carbon credits, which heavy emitters can get if they reduce pollution. If the…"Canada, industry in talks to cement future carbon price hikes"
TORONTO – For banks in Canada, one of the world’s largest oil producers, it’s not easy being green. In the past two years, Canadian banks have increased the amount of sustainability-linked financing (SLF) they extend to oil and gas clients. SLF refers to financing whose cost changes when certain environmental, social and governance (ESG) requirements are met at the company level but does not require the funds themselves to be used for climate-friendly purposes. This…"Canada banks face ‘greenwashing’ claims as oil & gas firms obtain sustainable financing"