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  • Record-breaking number of days witness world surpassing crucial 1.5°C warming threshold

    Record-breaking number of days witness world surpassing crucial 1.5°C warming threshold
    Oct 7 2023
    According to a BBC analysis, scientists are concerned that the world is surpassing a critical threshold of warming at an alarming rate. Approximately one-third of the days in 2023 experienced an average global temperature that was at least 1.5 degrees Celsius higher than pre-industrial levels. Maintaining a long-term adherence to this limit is widely recognized as crucial in order to mitigate the most detrimental effects of climate change. However, 2023 is currently on track to become the hottest year ever recorded, and there are predictions that 2024 could be even hotter. Dr. Melissa Lazenby from the University of Sussex states that this is an indication of unprecedented levels of warming. This recent discovery follows a series of record-breaking temperatures in September and a summer characterized by extreme weather events across numerous parts of the globe. In December 2015, during a gathering of political leaders in Paris, an agreement was signed to ensure that the increase in global temperatures throughout this century remains "well below" 2 degrees Celsius, with a strong effort to keep it below 1.5 degrees Celsius. These temperature limits are measured by comparing current global average temperatures to those of the pre-industrial period, specifically between 1850 and 1900, before the widespread use of fossil fuels. Breaching these thresholds set in Paris does not simply involve surpassing them for a brief period such as a day or a week. Instead, it entails exceeding these limits consistently over a 20 or 30-year average. Currently, the average long-term warming is approximately between 1.1 degrees Celsius and 1.2 degrees Celsius. However, it is important to note that the more frequently we exceed the 1.5 degrees Celsius mark on individual days, the closer we come to breaching this limit in the long run. In December 2015, politicians signed a deal on the 1.5C threshold, marking the first occurrence of this event in the modern era. Since then, the limit has been consistently surpassed, albeit for short durations. In 2016, due to a strong El Niño event that typically raises global temperatures, there were approximately 75 days that exceeded the threshold. However, recent analysis by the Copernicus Climate Change Service indicates that as of October 2, 2023, there have already been around 86 days surpassing the 1.5C mark, surpassing the 2016 record well before the year's end. While there may be some uncertainty in the exact count due to small data discrepancies in the global average, the significant margin by which 2023 has exceeded 2016 figures provides confidence that the record has been broken. Dr. Lazenby expressed concern over the daily and prolonged occurrence of the 1.5C anomaly in 2023. The onset of El Niño conditions, although weaker than in 2016, plays a significant role in driving these temperature anomalies. These conditions facilitate the transfer of heat from the eastern Pacific Ocean to the atmosphere. This, combined with the long-term impact of fossil fuel combustion, likely explains why 2023 is the first year in which the 1.5C anomaly has been observed between June and October. Professor Ed Hawkins, from the University of Reading, expressed astonishment at the unprecedented occurrence in the summer of the northern hemisphere. He emphasized the significance of the situation and acknowledged the concerns of Australian colleagues regarding the potential consequences, such as severe wildfires, as their summer approaches, particularly in light of the El Niño phenomenon. In September, there were continued instances of temperature differences exceeding 1.5C, with some surpassing 1.8C above the average temperature before industrialization. The overall temperature for the month was 1.75C higher than the pre-industrial level. According to the Copernicus Climate Change Service, the year-to-date temperature is approximately 1.4C above the average from 1850-1900. Although 2023 is expected to be the warmest year on record, it is not anticipated to exceed the 1.5C threshold as a global average throughout the entire 12 months. Several factors have contributed to these temperature patterns. The world's oceans have experienced unusually high temperatures this year, leading to the release of additional heat into the atmosphere. The North Atlantic Ocean has recorded its highest temperatures to date, while the North Pacific Ocean has shown a stretch of abnormally warm water extending from Japan to California, as reported by Dr. Jennifer Francis from the Woodwell Climate Research Centre. The precise causes for these elevated sea temperatures are not yet fully understood, although one theory suggests that reduced air pollution from shipping across the North Atlantic may have played a role by decreasing the number of small particles that previously reflected some of the sun's energy and kept the Earth's surface cooler. Another factor impacting global temperatures is the situation surrounding Antarctica....
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    7 m
  • Three Russian oligarchs have had assets valued at over $450 million confiscated by Ukraine.

    Three Russian oligarchs have had assets valued at over $450 million confiscated by Ukraine.
    Oct 7 2023
    On October 6, the Security Service of Ukraine (SBU) declared that it had confiscated assets valued at over Hr 17 billion ($464 million) from Mikhail Fridman, Petr Aven, and Andrei Kosogov, who are reputed to be associated with Vladimir Putin's close circle and allegedly implicated in providing financial support for the conflict in Ukraine. The SBU has taken control of a total of 20 companies owned by the oligarchs, either through direct ownership or via offshore entities.

    The aforementioned entities mentioned by the SBU include financial institutions, telecommunications and information technology companies, insurance companies, and mineral water plants.

    According to the SBU, the seizure aims to prevent the businessmen from transferring ownership of the companies to fictitious individuals in order to evade the transfer of assets to Ukraine's income.

    Fridman, Aven, and Kosogov are connected through their participation in LetterOne, an investment company headquartered in Luxembourg.

    Fridman and Aven are the co-founders of Alfa Bank, the largest private bank in Russia. They became the target of sanctions imposed by the United States and the European Union following the commencement of Russia's full-scale invasion.

    In March 2023, news surfaced that the duo intended to offload their ownership share in the bank to Kosogov, who had not faced any sanctions.

    The SBU declared in September 2023 that Fridman was being investigated for allegedly funding the disruption of constitutional order and the usurpation of authority.

    Fridman, who was born in Lviv, holds citizenship in Russia and Israel, and has resided in the United Kingdom since 2015.

    In December 2022, he was apprehended in the U.K. and subsequently granted bail, as he was suspected of engaging in fraudulent activities.
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    2 m
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