Going Green

Can we avoid 1.5C ?

May 12, 2022 Philip Russell / Paul Russell Season 2 Episode 19
Going Green
Can we avoid 1.5C ?
Show Notes

A few days ago the UK Met Office researchers said that there's now around a fifty-fifty chance that the worlds climate will warm by more than 1.5C over the next five years. Under the Paris climate agreement, which committed the world to keeping the rise in global temperatures well below 2C while pursuing efforts keep them under 1.5C. The UK and Egypt as part of their role as president of COP brought more than 40 countries together this week to drive implementation of countries climate commitments. However from COP26 we know some countries commitments are weak, like Australia's. Billionaire Mike Cannon-Brookes, the co-founder of software company Atlassian, has been attempting to close an Australian coal mine operated by Australia’s biggest polluter, the energy utility AGL. The Australia government has blocked the take over by saying the coal mine is a strategic asset. Just a few nights ago the billionaire hired brokers to stand in the market late Monday to snap up an 11.28% voting stake, which may be enough to thwart the demerger at the upcoming shareholder meeting in June. At least someone is trying to do something about our climate, because researchers has found that the whole aviation industry has failed to achieve any of their climate targets, that by the way they set themselves as 'reasonable' targets.