Unchecked climate change would be a major impediment to economic growth during the next 50 years, costing an estimated $178 trillion in net present value terms during the 2021-2070 period, a new study concludes.
The big picture: The study from the Deloitte Center for Sustainable Progress models the impacts of a 3°C increase in global average temperatures compared to preindustrial levels, which is consistent with the world's current pathway.
Human-caused climate change has ratcheted up the odds and severity of the record-shattering heat wave that has gripped India and Pakistan since March, a new study finds.
Why it matters: The climate attribution study is the first to specifically examine the factors behind the 2022 heat wave. The new work also indicates that heat waves worsened by global warming are affecting human health, food security and economic output.
President Biden tooka victory lap in South Korea over Hyundai's big U.S. new electric vehicle investments, but fresh analysis shows how far the U.S. lags behind in the global EV supply chain competition.
Driving the news: "Electric vehicles are good for our climate goals, but they’re also good for jobs, and they’re good for business," Biden said in Seoul Sunday alongside Hyundai chairman Euisun Chung.
