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Decisive action needed to achieve net zero by 2050, as world is currently on path for 2.5 ˚C to 3 ˚C global warming, according to Wood Mackenzie

Decisive action needed to achieve net zero by 2050, as world is currently on path for 2.5 ˚C to 3 ˚C global warming, according to Wood Mackenzie

Analysis shows US$78 trillion needed to achieve net zero and 1.5 C warming scenario LONDON and HOUSTON and SINGAPORE, Oct. 29, 2024 (Korea Bizwire) – A string of global shocks has likely put 2030 emissions reduction targets out of reach. But with decisive action, there is still time to reach net zero emissions by 2050, [...]

Global Warming and Increased Travel Fuel Spread of Insect-Borne Diseases

Global Warming and Increased Travel Fuel Spread of Insect-Borne Diseases

SEOUL, Aug. 31 (Korea Bizwire) –With climate change altering ecosystems and international travel surging, insect-borne diseases are expanding their reach across the globe, raising concerns among health officials and researchers. The online news outlet Axios reported on August 29 that mosquito-transmitted illnesses, once confined to specific regions, are now crossing continents and affecting populations previously [...]

World Heading for a 3-degree C Warming Trajectory, as Political Headwinds Slow the Energy Transition

World Heading for a 3-degree C Warming Trajectory, as Political Headwinds Slow the Energy Transition

World heading for a 3-degree C warming trajectory, as political headwinds slow the energy transition WoodMac report looks at the implications of a delayed energy transition, amid political uncertainties, inflation and elections across the world LONDON, 02 May 2024 (Korea Bizwire) – A five-year delay to the energy transition could see the global average temperature rise [...]

Study Warns of a Dramatic Surge in Summer Deaths in Seoul by 2100 Amid Rising Emissions

Study Warns of a Dramatic Surge in Summer Deaths in Seoul by 2100 Amid Rising Emissions

SEOUL, Feb. 5 (Korea Bizwire) – A recent study suggests that if current levels of greenhouse gas emissions persist, the number of summer fatalities in Seoul could increase by up to 82% by the late 21st century. Even with efforts to achieve carbon neutrality, the increase in mortality rate could reach 23%. Published in the Journal [...]

South Korea Records Highest Annual Sea Surface Temperature Since 1990

South Korea Records Highest Annual Sea Surface Temperature Since 1990

BUSAN, Feb. 2 (Korea Bizwire) – The National Institute of Fisheries Science announced on February 1 that last year marked the highest annual average sea surface temperature in South Korean waters since records began in 1990.  Analysis of satellite data revealed an average sea surface temperature of 19.8 degrees Celsius last year, which is 0.6 degrees [...]

CUHK Business School Research Reveals Carbon-intensive Firms’ Stock Prices Drop in Abnormally Warmer Months

CUHK Business School Research Reveals Carbon-intensive Firms’ Stock Prices Drop in Abnormally Warmer Months

HONG KONG, CHINA, Jun. 29 (Korea Bizwire) – People revise their beliefs about global warming when experiencing abnormally warmer climate, research by CUHK Business School reveals. Climate change is a term too familiar in our daily lives. While we lament over the rising sea levels, melting glaciers and intense wildfires, most people do not seem [...]