The Guardian (November 15)
The Guardian and Carbon Brief found that “just a fifth of funds to fight global heating” actually “went to the world’s 44 poorest countries, known as the least developed countries (LDCs).” In contrast, “China and wealthy petrostates… are among countries receiving large sums of climate finance.” For example, the “UAE, a fossil fuel exporter with a GDP per capita on a par with France and Canada, received more than $1bn in loans from Japan that were logged as climate finance” while “Saudi Arabia, which is one of the top 10 carbon emitters…received about $328m in Japanese loans.”
Tags: $1bn, 44 LDCs, Canada, Carbon Brief, China, Climate finance Fossil fuel, Exporter, France, GDP, Global heating, Guardian, Japan, Loans, Saudi Arabia, UAE, Wealthy petrostates
The Economist (April 13)
Extreme weather incidents are increasing in frequency due to climate change. “In the decade from 2000 to 2009 only three thunderstorms cost the industry more than $1bn at current prices. From 2010 to 2019 there were ten. Since 2020 there have already been six. Such storms now account for more than a quarter of the costs to the insurance industry from natural disasters.”
Tags: $1bn, 2010, 2019, 2020, Climate change, Costs, Extreme weather, Frequency, Incidents, Industry, Insurance, Natural disasters, Storms, Thunderstorms
Financial Times (August 16)
“It is only five years since so-called unicorns—private tech companies valued at $1bn or more—sprang on to the public consciousness. They were succeeded by “decacorns”—$10bn and up. What comes next could put all this in the shade.”
