World resource extraction could surge 60 percent by 2060, UN warns

• The hunger for natural resources -- everything from food to fossil fuels -- keeps growing by an average of more than 2.3 per cent per year, it said.
• Extraction and processing of the huge amount of resources accounts for over 60 percent of planet-warming emissions, the report said.

WEF24: Catalyzing investment, trade transform Africa

• Addressing infrastructure and climate change is crucial for Africa's development, British Robinson, the Coordinator of the Prosper Africa Initiative, tell TRENDS in an interview.
• Prosper Africa is a national security initiative aimed at providing supportive and positive assistance to the continent, ensuring its efforts are beneficial and not exploitative.

Wind-powered Dutch chemical tanker sets sail for greener future

• The MT Chemical Challenger, a 16,000-ton chemicals transporter set sail from Antwerp for Istanbul on Friday, and will undergo sea trials along the way
• "As an avid sailor myself, I have been thinking for a long time how we can make our industry more sustainable," said Niels Grotz, chief executive of Chemship

Roadmap out for environmental education, sustainable development at WEEC2024

Big firms with $7trn exit climate investment pressure group

• JPMorgan Asset Management, which manages $3.1 trillion in assets, has not renewed its membership in Climate Action 100+
• BlackRock, the world's biggest asset manager, is also scaling back its work with the group, a spokesperson confirmed

UN chief slams ‘distressing’ spending on arms over climate

• "It is distressing to see governments spending heavily on arms, while starving budgets for food security, climate action, and broader sustainable development," Guterres said
• "We can break the deadly nexus of hunger, climate chaos, and conflict. And quell the threat they pose to international peace and security," Guterres added further

COP hosts UAE, Azerbaijan, Brazil announce climate ‘troika’

• The UAE, Brazil and Azerbaijan were mandated by 198 signatories to the Dubai agreement to work together on a roadmap to limit global warming to 1.5 C
• The 1.5-degree Celsius limit will probably be reached between 2030 and 2035, according to the Intergovernmental Panel on Climate Change (IPCC)

Climate change parches Morocco breadbasket amid policy pitfalls

• Morocco has seen only about half the rainfall it did during the same period last year, the country's water minister Nizar Baraka told AFP.
• The sector accounts for 14 percent of Morocco's exports, with exported produce seen as more profitable than that sold in domestic markets.

Barclays bank to stop financing new oil, gas projects

• The bank added it would scale back lending for existing fossil fuel projects as the sector faces intense pressure from activist investors to help tackle climate change.
• The British lender's move to curb financing of oil and gas projects follows similar announcements from European bank heavyweights BNP Paribas, Credit Agricole, HSBC and ING.

Scientists in UK create new fusion record

• Over 300 scientists and engineers from EUROfusion contributed to JET's landmark experiments over 40 years.
• Proponents believe it could one day help tackle climate change by providing an abundant, safe and clean source of energy.