The world’s biggest oil and gas companies risk losing $2.2tn (£1.5tn) by overestimating future demand for fossil fuels, a report suggests. By underestimating both legislation to cut the use of dirty fuels and the development of clean energy, these firms are investing in assets that may prove worthless, says Carbon Tracker.
Global average temperatures in 2015 are likely to be the warmest on record, according to the World Meteorological Organisation (WMO). Data until the end of October showed this year’s temperatures running “well above” any previous 12 month period. The researchers say the five year period from 2011 to 2015 was also the warmest on record.
The world is on the cusp of a “post-antibiotic era”, scientists have warned after finding bacteria resistant to drugs used when all other treatments have failed. They identified bacteria able to shrug off the drug of last resort – colistin – in patients and livestock in China.
It is a Tuesday evening in a basement room in Kuwait City’s Dasman Complex, a cluster of art supply shops and offices. More than a dozen women – Kuwaitis and expats – are listening intently to 28-year-old finance graduate Arwa Al-Jaser.
The UK’s remaining coal-fired power stations will be shut by 2025 with their use restricted by 2023, Energy Secretary Amber Rudd has proposed. Ms Rudd wants more gas-fired stations to be built since relying on “polluting” coal is “perverse”.
By Matt McGrath Global temperatures are set to rise more than one degree above pre-industrial levels according to the UK’s Met Office. Figures from January to September this year are already 1.02C above the average between 1850 and 1900. If temperatures remain as predicted, 2015 will be the first year to breach this key threshold. The world would then be …