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Action urgently needed to save the conditions under which markets – and civilisation itself – can operate, says senior Allianz figure
The climate crisis is on track to destroy capitalism, a top insurer has warned, with the vast cost of extreme weather impacts leaving the financial sector unable to operate.
The world is fast approaching temperature levels where insurers will no longer be able to offer cover for many climate risks, said Günther Thallinger, on the board of Allianz SE, one of the world’s biggest insurance companies. He said that without insurance, which is already being pulled in some places, many other financial services become unviable, from mortgages to investments.
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Reports predict global heating will bring catastrophes and that air conditioning market could grow by 41%
The world is on track for disastrous global heating – but this will create profits for some air conditioning companies, according to forecasts by leading Wall Street financial institutions.
Recent reports by Morgan Stanley, JPMorgan Chase and the Institute of International Finance all make clear the finance sector considers the Paris climate agreement limiting global temperatures, signed a decade ago by nearly 200 nations, is effectively dead and investors should plan accordingly.
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Traditional methods benefit hundreds of species but as new agricultural techniques take over, the distinctive haystacks mark a vanishing way of life
Golden haystacks shaped like teardrops have been a symbol of rural life in Romania for hundreds of years. The 3-metre-high (10ft) stacks are the culmination of days of hard work by families, from children up to grandparents, in the height of summer.
Together they cut waist-high grass, leave it to dry in the hot sun and stack it up to be stored over the winter, combing the hay downwards to protect it from harsh winds, heavy rain and snow. Throughout winter, clumps of it are removed from the haystacks and fed to livestock.
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Hurricane Helene proved a hard truth: a freezer of seeds is the literal version of putting all your eggs in one basket
About a month after Hurricane Helene devastated western North Carolina last fall, Rodger Winn and I met in an Asheville, North Carolina, supermarket parking lot. He’d driven two hours from Little Mountain, South Carolina, where the passing storm had also left its destructive mark.
“When the power finally came back on,” Winn said, “two of my freezers didn’t work.” Winn was worried not about spoiled food inside, but his seed collection. On that autumn day, in an act of forced downsizing and seed philanthropy, Winn handed over two boxes filled with seeds. He wanted me, as founder of the non-profit Utopian Seed Project, to share the seeds with farmers across the region. The boxes contained a trove of Appalachian varieties: speckled field peas, white mountain half-runner beans, purple-podded bush beans and lots of butterbeans.
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Appeal court finds in favour of anglers who said plans to clean up river were so vague as to be totally ineffectual
A group of anglers trying to restore the ecosystem of a river have seen off a challenge by the environment secretary, Steve Reed, who claimed that cleaning up the waterway was administratively unworkable.
Reed pursued an appeal against a group of anglers from North Yorkshire, who had won a legal case arguing that the government and the Environment Agency’s plans to clean up the Upper Costa Beck, a former trout stream devastated by sewage pollution and runoff, were so vague they were ineffectual.
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Species-rich plot can produce cooling effect 4C greater than single-species plot
Woodland with lots of different kinds of trees can do a good job of buffering heatwaves and extreme cold. Now a new study demonstrates that increasing the mix of species can help to mitigate climate extremes.
Florian Schnabel, from the German Centre for Integrative Biodiversity Research in Leipzig, and colleagues measured forest temperatures over a six-year period at the world’s largest tree diversity experiment in Xingangshan, in subtropical China. Their results, published in Ecology Letters, show that species-rich plots provided the greatest cooling effect during summer, with cooling more than 4C greater in an experimental plot with 24 species compared with a single-species plot. Diverse plots also maintained more warmth under the tree canopy on cold nights and during winter.
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If Peter Dutton needs to court the crossbench to form minority government after the election, he would risk putting his Coalition partner offside on climate and environment policy
If the Coalition wins the election, it will face a concerted push from its junior partner, the Nationals, to weaken and even abandon climate initiatives and promote coal as an interim measure in the Coalition’s nuclear power plan.
That would put Peter Dutton and the Liberals between a rock and a hard place should he seek to form a minority government, given that might require the support of environmentally minded crossbenchers.
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Since February we’ve gone in search of the invertebrate of the year. Now it’s your chance to choose
Invertebrates – animals without spines – make up the vast majority of life on Earth. The Guardian’s invertebrate of the year contest celebrates the unsung heroes of the planet. Readers have nominated thousands of amazing animals, we’ve chosen a shortlist of 10, and now you can vote for your favourite.
1. The tongue-biting louse burrows in through a fish’s gills, clings to its tongue and eats what the fish eats.
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Experts are desperate to analyse rusty patched bumblebee nests for information that might help save them. But they are extremely hard to find – unless you’re a trained conservation canine
On a summer day in Somers, Wisconsin, Dave Giordano heard an unexpected buzzing in his back yard. What he found shocked him – a rusty patched bumblebee nest. The discovery was so rare it made the local news.
Once widespread across the midwest and eastern US, the rusty patched bumblebee has seen its population plunge by nearly 90%, prompting its listing in 2017 as the first federally endangered bumblebee in the US.
Main image: Two rusty patched bumblebee gynes in the nest discovered by Dave Giordano in August 2023. Below: Jay Watson, a conservation biologist, observes a nest (marked with orange flags) found in a rodent burrow
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A 19th-century zoologist found the ‘little salt dweller’, which could be a portal to the past – if only we could locate it again
Last February, with colleagues Gert and Philipp and my daughter Francesca, I made the long journey to an unremarkable city called Río Cuarto, east of the Argentinian Andes. We went in search of a worm of unusual distinction.
Why a worm? As humans, we naturally love the animals that are most familiar. But from a zoologist’s point of view, the vertebrates, from mammals and birds to frogs and fish, can be seen as variations on a single theme. We all have a head at one end (with skull, eyes and jaws); in the middle, a couple of pairs of limbs (a goldfish’s fins, or your arms and legs); and, holding all this together, a backbone ending in a tail.
Continue reading...Wayne Hawkins believes terminally ill people should be able to die when they choose, but others in the state disagree.
Drinks such as sugar-free squash are off the menu for young children, say health advisers.
The ONS also projects women will continue having smaller families than previous generations.
A Macclesfield woman fears she will have to leave Australia due to her medical condition.
A fifth happy with NHS in Britain, finds long-running poll, with waits and staffing of major concern.
The NHS Covid spring booster campaign is under way, but vaccines are also available privately.
Exclusive data shows how neglect of this common mental health condition costs the UK nearly £10bn a year.
Research suggests the synthetic hair used for braiding could be bad for you - but will that stop women using it?
Tony Summers' son Paul was diagnosed with HIV and Hepatitis C and died in 2008 aged 44.
Deborah Burns says she is unable to return to work at the hospital after the death of her son, William Hewes.
A new short film follows a boy as he seeks comfort in the Indigenous traditions, prayers and guidance of his grandfather, whose help is sought after a community member disappears.
Last year was the hottest on record — sparking major climate disasters across the globe that left a trail of destruction, including lost lives, destroyed infrastructure and decimated crops.
Data is key to solving some of the world’s toughest problems, but it’s often scattered and disorganized. An AI-powered tool from Conservation International can help.
For one of the world’s most important crops, a project supported by Conservation International is grounds for optimism.
Roughly two-thirds of the world’s oceans lie beyond national boundaries in an area known as the “high seas” — yet only about 1 percent of that largely unexplored expanse has been protected. Now, nearly 200 countries have agreed on the first-ever United Nations treaty to protect the high seas.
In case you missed it: A new study suggests that the consequences of crossing critical climate thresholds could be more severe than previously thought — including the collapse of polar ice sheets and death of coral reefs.
In case you missed it: Scientists are sourcing new, lifesaving medications from the sea. But deep-sea mining explorations could risk critical marine ecosystems before their potential is understood.
The recent IPCC climate report was bleak, but there are silver linings. Our expert weighs in.
Protecting nature starts with science. Here’s a roundup of recent research published by Conservation International experts.
Nature’s stashes of climate-warming carbon is packed into a small percentage of Earth’s lands, finds a new study that pinpoints the ecosystems humanity must protect to avert a climate disaster.
