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Major polluters absent from climate summit + 3 more stories

Scientists warn of the potential collapse of the Atlantic current; major polluters skip UN climate talks amidst climate finance discussions; ADB boosts climate finance to $7.2 billion with US and Japan support; Israel fails to meet US deadline for increased humanitarian aid to Gaza.

Today ChatGPT read 17541 top news stories. After removing previously covered events, there are 4 articles with a significance score over 5.9.

[6.3] Scientists warn of potential collapse of key Atlantic current in new climate report — nbcnews.com

A new report from the International Cryosphere Climate Initiative highlights a worsening situation for Earth's snow and ice, indicating that critical climate tipping points are more likely to be reached than previously believed. This includes the potential collapse of the Atlantic Meridional Overturning Circulation, which regulates heat in the Atlantic Ocean.

The report reveals alarming statistics, such as Venezuela losing its last glacier and the Greenland Ice Sheet losing 30 million tons of ice per hour. It warns that if greenhouse gas emissions continue at their current rate, two-thirds of glacier ice in the European Alps could vanish by 2050, and sea levels could rise by about 10 feet by the end of the century.

[6.2] Major polluters skip UN climate talks as focus shifts to climate finance — pressherald.com

At the UN climate conference in Baku, Azerbaijan, leaders from major polluting countries, including China, the U.S., India, and Indonesia, are absent. These nations contribute over 70% of global carbon emissions and represent more than 42% of the world's population.

Despite the absence of key leaders, the conference features notable figures like U.K. Prime Minister Keir Starmer, who announced an ambitious emissions reduction target. Smaller nations, particularly those vulnerable to climate change, are also actively participating in discussions.

The main focus of the talks is climate finance, with developing countries demanding up to $1.3 trillion annually to transition away from fossil fuels and address climate impacts. Negotiations are ongoing, with the G77 and China bloc pushing for stronger commitments from wealthier nations.

[6.1] Asian Development Bank boosts climate finance following U.S. and Japan's historic loan guarantees — thehindu.com

The Asian Development Bank (ADB) will boost its climate finance by up to $7.2 billion, following the U.S. and Japan's agreement to provide sovereign guarantees for existing loans. This marks the first time such guarantees have been used for climate finance.

The U.S. will guarantee up to $1 billion, while Japan will underwrite $600 million. This arrangement allows the ADB to increase lending for climate projects without needing new country donations. The guarantees will last for 25 years.

One of the initial projects funded will be in Pakistan, aimed at producing sustainable aviation fuel from cooking oil. The ADB has been collaborating with other development banks to expand climate-related lending and hopes to inspire similar initiatives globally.

[5.9] Israel fails to meet US deadline for increased humanitarian aid to Gaza — apnews.com

Israel has not met U.S. demands to increase humanitarian aid access to Gaza, according to aid groups. The U.S. had set a 30-day deadline for Israel to improve conditions, warning that non-compliance could affect military support.

While Israel announced some measures, such as opening a new crossing for aid, reports indicate that it has largely failed to meet U.S. benchmarks. Aid levels remain significantly below what is needed, with many residents still living in inadequate conditions.

Highly covered news with significance over 5.5

[5.5] China announces 10 trillion yuan support package for local governments facing debt crisis
(theguardian.com + 5)

[5.5] Trump outlines ambitious agenda for first day back in the White House
(smh.com.au + 46)

[5.5] Germany sets snap election date for February 2025 after coalition collapse
(politico.eu + 15)

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Thanks for reading and see you soon,

Vadim

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