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Just 111 of the world’s biggest companies are causing $28 trillion worth of climate damage, says study

Ben Aris in Berlin July 8, 2025

Just 111 of the world’s largest fossil fuel companies are collectively responsible for an estimated $28 trillion in climate-related economic damage, and just ten of those companies are responsible for half of that total.

Hungary faces renewed drought threat, jeopardising already fragile growth outlook

bne IntelliNews July 8, 2025

Conditions resemble the summer of 2022, when record drought coupled with heatwaves caused widespread crop damage and took a heavy toll on GDP.

Climate crisis hits critical tipping point as temperatures soar in the Middle East

bnm Gulf bureau July 8, 2025

Climate change is becoming increasingly damaging to urban populations that officials in the Middle East are now warning that entire cities could be in danger of mass water shortages.

Syria battles wildfires for fifth day as climate change worsens

bna Cairo bureau July 7, 2025

For the fifth consecutive day, firefighting teams have been battling to contain the wildfires raging in northern Latakia’s countryside.

Air pollution hits hazardous levels as officials advise citizens to get used to dust

bnm Tehran bureau July 7, 2025

Tehran's air quality has plunged to a critical "very unhealthy" and "hazardous" state on July 7, with the city's Air Pollution Index (API) soaring past 300 in the last 24 hours.

Experts warn of “cascading” climate tipping points that will kill the climate without immediate global action

Ben Aris in Berlin July 7, 2025

World leaders must act with “immediate, unprecedented” urgency to prevent cascading climate tipping points that could have catastrophic consequences for billions of people, according to the Global Tipping Points Conferenrence delegates.

Melting polar ice is measurably slowing the earth’s rotation

bne IntelliNews July 7, 2025

Melting polar ice is slowing the Earth’s rotation, but not enough to offset an even greater acceleration caused by changes in Earth’s molten core. As a result, the planet is spinning faster, but not as fast as it should be.

BERTRAND: Conflicting views of the future - China chooses renewables, US chooses oil

Arnaud Bertrand in Switzerland July 6, 2025

We’re now in a fascinating, and probably unprecedented, situation where the world’s two greatest superpowers - China and the US - are actively building two entirely different visions of what the world's energy future should look like.

Earth experiences steady stream of heat records - Statista

Katharina Buchholz for Statista July 6, 2025

Heat records have become commonplace in meteorological record-keeping, while new cold records have become few and far between, Statista reports.

Egypt approves $959,000 deal with USTDA to develop methane-reduction roadmap

bna Cairo bureau July 6, 2025

Egyptian President Abdel Fattah El-Sisi approved on July 5 a grant agreement worth $959,000 with the US Trade and Development Agency (USTDA) to develop a roadmap for reducing methane emissions in Egypt.

LNG in Asia: A transitional step on the way to a greener future

bno - Taipei Office July 5, 2025

As the global push for decarbonisation intensifies, liquefied natural gas - LNG - is emerging as a pivotal player in Asia’s energy transformation.

Southern Ocean current reverses for first time, signalling risk of climate system collapse

bne IntelliNews July 5, 2025

A major ocean current in the Southern Hemisphere has reversed direction for the first time in recorded history, in what climatologists are calling a “catastrophic” tipping point in the global climate system.

Global drought crisis pushes tens of millions towards starvation, warns UN-backed report

bne IntelliNews July 5, 2025

A deepening global drought crisis is pushing more than 90mn people to the brink of starvation, with mounting impacts on food, water and energy systems, according to a report released on July 1 by the UN.

St Petersburg braces for historic flood as Neva River surges past warning levels

bne IntelliNews July 5, 2025

St Petersburg is bracing itself for the worst flood in 160 years as the water level in the Neva surges thanks to heavy rain.

Poland rejects EU's 2040 emissions target as "unrealistic"

bne IntelliNews July 4, 2025

Poland will not support the European Union’s proposed 90% greenhouse gas emissions reduction target for 2040, calling it “unrealistic” and harmful to the country’s economic and energy security.

Water levels drop in Europe’s main rivers as heatwave hits cargo traffic

bne IntelliNews July 4, 2025

Both the Vistula in Poland and the Danube in Hungary, two of Europe’s biggest rivers, have reached record-low water levels as Europe’s unprecedented heatwave intensifies and starts to cause major economic damage.

Czech power grid suffers major power cut

bne IntelliNews July 4, 2025

A large-scale outage struck the Czech Republic’s electricity grid on July 4, temporarily cutting power to several regions, in what the country’s transmission system operator described as a rare and significant disruption.

Smog chokes Middle East as Iraq faces “hazardous” conditions

bnm Tehran bureau July 4, 2025

Dust storms originating from Iraq are forecast to impact air quality across multiple Middle Eastern countries including Iran, Syria and Kuwait over the next five days, with Iran's Meteorological Organisation warning of severe conditions.

Ecuador to receive $1bn in energy investments from China and Spain

Mathew Cohen July 3, 2025

Ecuador has secured $1bn in energy sector investments from Spain and China through 2026, marking an early success from President Daniel Noboa's recent diplomatic tour.

Private jets emitted more climate pollution than all Heathrow Airport flights in 2023

bne IntelliNews July 2, 2025

A new analysis from the International Council on Clean Transportation reveals that emissions from private jets reached up to 19.5mn tonnes of greenhouse gases in 2023 – marking a 25% rise over the past 10 years.

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