Unhedged podcast episode: ‘The billionaires’ tax’[MUSIC PLAYING]Robert ArmstrongThe G20 group, which represents the world’s largest economies, is discussing a billionaires’ tax for the first time. Today on the show, why are the very, very rich so very, very rich? Is it a problem and what should we do about it? This is Unhedged, the finance … Read more
Climate change is impacting the Canadian wine industry, with recent events like a cold snap in the Okanagan Valley causing significant damage to grapevines. The industry must adapt to changing environmental conditions by embracing new production methods, technologies, and sustainable farming practices. Policymakers should support the transition to a more sustainable future for the wine industry. Additionally, changing consumer trends, such as a decrease in wine consumption and a preference for quality over quantity, are also affecting the industry. Despite these challenges, there is hope that adaptation strategies and agritech innovation can help mitigate the impacts of climate change and lead to a more sustainable and innovative viticulture sector.
A group of small island states, including Antigua and Barbuda and the Bahamas, secured a win on climate change in an international court. The International Tribunal for the Law of the Sea (ITLOS) stated that greenhouse gas emissions absorbed by the ocean are considered marine pollution, and countries are obligated to protect marine environments beyond the requirements of the Paris climate agreement. The opinion is not legally binding but can guide countries in their climate policy and serve as legal precedent in other cases.
Fact: Deforestation and the uncontrolled use of forests have led to an alarming decline in the number of trees worldwide, causing the climate crisis to worsen.
Fact: Environment Commissioner Antonia Theodosiou suggested creating more rooftop gardens to help mitigate the effects of urban heat islands caused by concrete cities.
Fact: The EU said it would allow member states to decide whether they wanted to abolish “Daylight Saving”.
The building boom in African countries presents an opportunity to adopt green design techniques and climate-friendly materials to reduce emissions. However, challenges such as material shortages and under-investment hinder the transition to sustainable construction. Nigeria’s population is projected to double by 2050, creating a housing deficit, and innovative technologies are needed to green the building sector. Governments can play a key role by implementing mandatory building codes and investing in green alternatives.
Fact: Global warming has pushed jellyfish sightings closer to the shores of Cyprus.
Cyprus is particularly vulnerable to the impacts of climate change, with rising temperatures, sea-level rise, and changes in weather patterns posing serious threats to the environment, economy, and society. The government is implementing measures to address climate change and improve resilience, including strengthening scientific research, developing national adaptation strategies, and raising public awareness. The Minister of Agriculture emphasized the importance of enhancing climate resilience of natural ecosystems, protecting biodiversity, and adopting sustainable water resource management practices. Community participation and empowerment are essential for the success of adaptation plans, with education and awareness being key pillars. The Minister highlighted the need for collective effort and determination to implement adaptation and mitigation measures for climate change to ensure sustainable and equitable development in the future.