Despite the gloom of 2022, a clear pathway of climate hope emerged from key policy developments. Read more at straitstimes.com.
NEW YORK – The damage caused by climate change over the past year was at times so immense it was hard to comprehend.and caused more than US$40 billion in losses. Fall floods in Nigeria killed hundreds and displaced over 1 million people. Droughts in Europe, China and the United States dried out once-unstoppable rivers and slowed the flows of commerce on major arteries like the Mississippi andIn the face of these extremes, the human response was uneven at best.
As 2022 unfolded, a clear pathway of climate hope emerged. New policy breakthroughs have the potential to unlock enormous progress in the effort to slow and reverse warming temperatures. Below is a list of six encouraging developments from a very momentous year, as nation after nation elected more climate-oriented governments and enacted new efforts to curb greenhouse gas.
The bloc’s 27 members reached a historic deal to set up the Carbon Border Adjustment Mechanism, an emissions levy on some imports that is meant to protect Europe’s carbon-intensive industries that are forced to comply with the region’s increasingly strict rules. A separate milestone from 2022 saw the biggest overhaul of the EU carbon market that will extend it to road transport, shipping and heating. This expansion of the policy will also accelerate the pace at which companies – from energy producers to steelmakers – are required to reduce pollution. The accord provided certainty to companies and investors, sending European carbon prices to a record high for the year.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asian Insider: A look back at 2022 | Indonesia’s electric dreamsAsian Insider brings you insights into a fast-changing region from our network of correspondents and commentators. Read more at straitstimes.com.
Read more »
2022: The year masks came off in SingaporeAs 2022 draws to a close, it will probably be best remembered as the year people in Singapore took their masks...
Read more »
Top Hollywood scandals in 2022This year was quite eventful when it came to scandals and we are talking here of the Top Hollywood scandals in 2022. From Will Smith slapping Chris Rock to t
Read more »
Oil set to close higher in 2022, a turbulent year marked by tight suppliesSINGAPORE : Oil prices edged up on Friday and were on track to post a second straight annual gain, albeit a meagre one, in a year marked by tight supplies due to the Ukraine conflict, a strong dollar and weak demand from the world's top crude importer China.Brent crude futures climbed 44 cents, or 0.5 per
Read more »
10 NS-Related Stories That Inspired Us In 2022For these individuals - from Singapore's most sustainable bartender to Singapore's female Red Lions and the head honcho of iFly Singapore - their service to the nation played a pivotal role in each of their inspirational stories.
Read more »