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From climate protests shaking Europe’s top insurance summit to a fresh legal challenge against Shell, global momentum is building for financial accountability in the climate crisis. Yet, only a fraction of EU businesses have concrete adaptation plans, even as AI breakthroughs in Australia point to cleaner tech futures. In Pakistan, economic negotiations and water tensions intensify under the shadow of environmental stressors..

🌍Global Climate Watch

Europe’s Largest Insurance Conference Confronted with Climate Protests

Delegates at Europe's premier insurance gathering faced demonstrations from climate activists demanding the industry cease underwriting fossil fuel projects. The protests underscore growing public pressure on financial institutions to align their practices with global climate goals. Extinction Rebellion UK

Companies Lag in Climate Adaptation Investments

Despite 66% of EU businesses acknowledging climate risks, only 22% have strategies to address them. Psychological biases and lack of immediate impact are cited as reasons, even as adaptation-related sectors generated $1 trillion in revenue last year.
Financial TimesFinancial Times

Dutch Climate Group Plans New Legal Action Against Shell

Milieudefensie intends to sue Shell again to halt 700 new oil and gas projects, arguing that such developments are unacceptable during a climate crisis.
The Guardian

AI Revolutionizes Mineral Exploration in Australia

Startup Earth AI uses artificial intelligence to identify a significant indium deposit, essential for solar panels and semiconductors, offering a sustainable alternative to traditional mining.
Axios

Pakistan Climate Watch

IMF Holds Virtual Budget Talks with Pakistan

The International Monetary Fund is conducting virtual discussions with Pakistan regarding its upcoming budget. These talks are crucial for addressing the country's economic challenges, including those exacerbated by climate-related disasters. Rediff

Indus Waters Treaty Suspension Raises Water Scarcity Concerns

The suspension of the Indus Waters Treaty between India and Pakistan, coupled with below-average snow levels in the Hindu Kush Himalaya region, threatens water security for nearly 2 billion people relying on meltwater.
Financial Times

📊 🌍 Climate Myth vs. Fact

🧊 Greenland’s Ice Sheet Is Losing 250 Billion Tons of Ice Every Year

Greenland's ice sheet — the second largest in the world — is currently melting at a rate of around 250 billion tons annually. This alone contributes roughly 0.7 mm to global sea level rise each year. If the entire sheet were to melt, it could raise sea levels by over 7 meters (23 feet), drastically reshaping coastlines worldwide.

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