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Phuket Gazette World News: World may have to suck gases from air to meet climate goals

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Phuket Gazette World News: World may have to suck gases from air to meet climate goals | The Thaiger
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PHUKET MEDIA WATCH
– World news selected by Gazette editors for Phuket’s international community

World may have to suck gases from air to meet climate goals – U.N.
Reuters / Phuket Gazette
PHUKET: Governments may have to extract vast amounts of greenhouse gases from the air by 2100 to achieve a target for limiting global warming, backed by trillion-dollar shifts towards clean energy, a draft U.N. report showed on Wednesday.

A 29-page summary for policymakers, seen by Reuters, says most scenarios show that rising world emissions will have to plunge by 40 to 70 percent between 2010 and 2050 to give a good chance of restricting warming to U.N. targets.

The report, outlining solutions to climate change, is due to be published in Germany in April after editing by the Intergovernmental Panel on Climate Change (IPCC). It will be the third in a series by the IPCC, updating science from 2007.

It says the world is doing too little to achieve a goal agreed in 2010 of limiting warming to below 2º Celsius (3.6º Fahrenheit) above pre-industrial times, seen as a threshold for dangerous floods, heat waves, droughts and rising sea levels.

To get on track, governments may have to turn ever more to technologies for “carbon dioxide removal” (CDR) from the air, ranging from capturing and burying emissions from coal-fired power plants to planting more forests that use carbon to grow.

Most projects for capturing carbon dioxide from power plants are experimental. Among big projects, Saskatchewan Power in Canada is overhauling its Boundary Dam power plant to capture a million tonnes of carbon dioxide a year.

And, if the world overshoots concentrations of greenhouse gases in the atmosphere consistent with the 2ºC goal, most scenarios for getting back on track “deploy CDR technologies to an extent that net global carbon dioxide emissions become negative” before 2100, it says.

Temperatures have already risen by 0.8ºC (1.4ºF) since the Industrial Revolution.

Bioenergy

To limit warming, the report estimates the world would have to invest an extra US$147 billion a year in low-carbon energies, such as wind, solar or nuclear power from 2010 to 2029.

At the same time, investments in fossil fuel energy would have to be reduced by $30 billion annually. And several hundred billion dollars a year would have to go on energy efficiency in major sectors such as transport, buildings and industry.

By contrast, it said that global annual investments in the energy system are now about $1.2 trillion.

And it says there are huge opportunities for cleaning up, for instance by building cities that use less energy for a rising world population. “Most of the world’s urban areas have yet to be constructed,” it says.

Overall, the report estimates that the costs of combating global warming would reduce global consumption of goods and services by between 1 and 4 percent in 2030, 2-6 percent in 2050 and 2-12 percent in 2100, compared to no action.

The IPCC said in September that it is at least 95 percent probable that human activities, led by the burning of fossil fuels, are the dominant cause of global warming since the 1950s, up from 90 percent in a 2007 assessment.

The world has agreed to work out a global U.N. deal by the end of 2015, entering into force from 2020, to fight climate change. But progress has been sluggish.

“Global greenhouse gases have risen more rapidly between 2000 and 2010,” the draft says, with greater reliance on coal than in previous decades. China, the United States and the European Union are the top emitters.

The IPCC cautioned that the findings in the draft, dated December 17, were subject to change. “This is a work in progress which will be discussed and revised in April,” said Jonathan Lynn, spokesman for the IPCC in Geneva.

The report adds many details to earlier drafts. The IPCC’s credibility suffered in 2007 after one of its reports wrongly said that Himalayan glaciers could all melt by 2035, centuries earlier than experts reckon.

The draft says that only the most radical curbs outlined in an IPCC report in September would give a better than 66 percent chance of keeping temperature rises below 2C. The scenario corresponds to greenhouse gas concentrations of 430 to 480 parts per million in the atmosphere – up from about 400 now.

— Phuket Gazette Editors

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World

Sir Sean Connery dies at 90 years of age

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Sir Sean Connery dies at 90 years of age | The Thaiger

Sir Sean Connery has died at the age of 90. The Scottish actor was best known for his portrayal of British spy 007 “Bond… James Bond”, doing his first Bond movie in 1962 in “Dr. No”. According to his son, Jason Connery, he died peacefully in his sleep in the Bahamas.

He was knighted by the Queen at Holyrood Palace in 2000. He also received the Kennedy Centre Honour, and was knighted by Queen Elizabeth II. Scottish newspaper The Sunday Herald called him “The Greatest Living Scot” while People Magazine didn’t just vote him “Sexiest Man Alive” in 1989 but “Sexiest Man of the Century” a decade later.

He was the first to bring the role of James Bond to the big screen , appearing in 7 of the Bond franchise films, and the first of 7 actors that have played the role. Sir Sean was often voted the best actor to have played 007 in the long-running franchise in many polls.

His acting career spanned 5 decades and he eventually won an Oscar in 1988 playing an Irish cop in “The Untouchables”.

Sir Sean’s other films included The Hunt for Red October, Highlander (a Thaiger favourite), Entrapment, Indiana Jones and the Last Crusade and The Rock.

Jason Connery said many of his family were with him and around when he died peacefully in his sleep.

“We are all working at understanding this huge event as it only happened so recently, even though my dad has been unwell for some time.”

“A sad day for all who knew and loved my dad and a sad loss for all people around the world who enjoyed the wonderful gift he had as an actor.”

Sir Sean was also a long-time supporter of Scottish independence, saying in interviews in the run-up to the 2014 referendum that he might return from his Bahamas home to live in Scotland if it voted to break away from the rest of the UK.

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Weather

This year’s most powerful typhoon will hit Philippines tomorrow

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This year’s most powerful typhoon will hit Philippines tomorrow | The Thaiger

Typhoon Goni continues to bear down on The Philippines in one of the South China Sea’s busiest storm years. 220,000 people have now been evacuated as of today.The typhoon, packing “destructive winds’, is expected to reach the south-east of the Philippine’s main island of Luzon tomorrow morning with the eye of the storm passing over during Sunday afternoon. Forecasters are expecting wind speeds of over 200 kilometres per hour.

Typhoon Goni is known locally as “Rolly”.

A warning has been issued “moderate to high risk” of storm surges up to 3 metres high along the east coast over the next 2 days.

On Wednesday this week Typhoon Molave smashed into Vietnam’s central coast, killing up to 35 people and flooding low-lying villages and then dropping heavy rain on southern Laos and Central Thailand. Molave killed 20 people as it passed over The Philippines.
This year's most powerful typhoon will hit Philippines tomorrow | News by The Thaiger
GRAPHIC: Typhoon Goni will reach Philippine’s island of Luzon tomorrow.

Schools are being used as emergency shelters as well as government-co-ordinated evacuation centres and gymnasiums. Authorities are ramping up preparations in the Bicol region southeast of Philippine capital Manila, readying rescue vehicles, emergency response teams and relief goods ahead of the storm.

The Philippines averages around 20 storms and typhoons every year, wiping out harvests, infrastructure and homes. The deadliest storm on record for The Philippines was Typhoon Haiyan, which dumped huge wave surges on the central city of Tacloban killing over 7,300 people in 2013.

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Economy

Dow and S&P 500 take a breath after an ugly week, tech stocks lead the way down

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Dow and S&P 500 take a breath after an ugly week, tech stocks lead the way down | The Thaiger

US stocks closed lower yesterday to end an ugly week downbeat with ‘uncertainty’ remaining the overwhelming sentiment. Tech stocks led the march downwards. The Dow Jones Industrial Average dropped in its biggest monthly collapse since March with investors reacting to rising Covid-19 cases in the US and Europe, peppered by nervousness ahead of next Tuesday’s US presidential election. The increased volatility forced all three major indexes seeing their biggest weekly declines since the worst of the coronavirus-inspired selloff 8 months ago.

The Dow fell around 157 points, to end near 26,502, according to preliminary figures, while the S&P 500 lost around 40 points, or 1.2%, to finish near 3,270. The Nasdaq Composite gave up around 274 points, or 2.4%, closing near 10,912. The Dow had a 6.5% weekly fall and a 4.6% monthly drop. Friday’s decline saw the Nasdaq negative for the month of October, falling 2.3%. The Nasdaq was down 5.5% for the week.

The Dow dropped more than 500 points at its session low with tech stocks – primarily Apple, Amazon, Alphabet and Facebook – leading the market decline.

A number of stocks were on the move, down, following a slew of earnings, including from the tech giants. Twitter sank more than 20% on slowing growth, while Exxon reported its 3rd straight quarter of losses.

Key moments yesterday…

  • Dow closed down 0.59% for its 5th negative day out of 6
  • S&P 500 closed down 1.21% for its 4th negative day in 5
  • Dow closed down 6.47% this week for its worst week since March 20
  • S&P closed down 5.64% this week for its worst week since March 20 when the S&P lost 14.98%
  • S&P closed down 2.77% this month for its second-straight negative month
  • Nasdaq closed down 5.51% this week for its worst week since March 20 when the Nasdaq lost 12.64%

Dow and S&P 500 take a breath after an ugly week, tech stocks lead the way down | News by The Thaiger

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