Climate change Financial News

The US Republican presidential nominee, Donald Trump, delivered a keynote to crypto advocates at the Bitcoin 2024 conference. The former US President promised to make the United States "the crypto capital of the planet and bitcoin superpower of the world".

Global equities reached record highs in 2024, mainly due to generative artificial intelligence and the global economic recovery. 

Bitcoin's price hit $107,487 (€102,429.74), a new all-time high on Monday, according to Marketwatch. The queen of cryptocurrencies has gained more than 50% since Donald Trump won the presidential election last month, its price is up roughly 150% year to date.

Bitcoin experienced a 150% rally in 2024, positioning itself as one of the top market performers in the year. This can be attributed to three bullish factors - regulatory optimism, an improved macro environment, and mounting investor enthusiasm.

Bitcoin surged by 9% over the past week and 31% since its September low, as markets bet on a potential Trump victory in the US election on 5 November.

COP28 President Al-Jaber at last night's plenary | Credit: UNFCCC

Greenwashing concerns may explain the support investors expressed for new disclosure requirements, PwC said.

Catherine Mann (pictured) said it was important to recognise 'there is no no climate change scenario to fall back on' when it comes to monetary policy.

The intervention by investors comes against the backdrop of increasing focus from government and regulators around climate transition planning.

The fund’s investment universe will span Thematics AM’s five strategies – namely AI and robotics, safety, the subscription economy, water and wellness – with a portfolio of 40-60 holdings.

Total assets within the funds has also surged, partly as a result of the product development, to around 30% in the past 18 months, now at $534bn.

In an unusual move, Sunak issued a statement late last night in response to BBC reports that the government was planning to delay, dilute or scrap at least six major environmental policies.

There is a new and significant hurdle facing the massively over-budget and contentious Trans Mountain pipeline expansion project running through Alberta and British Columbia.

Despite positive outlooks for inflation and wage growth, climate change was the biggest cause of uncertainty for UK businesses.

climate crisis, a new poll suggests. Many respondents agree this year’s record-breaking wildfire season has driven home the need for urgent action.However, those Canadians are torn over when action should be taken, according to the Ipsos survey conducted for Global News.

A man has been arrested at the National Gallery of Canada in Ottawa after throwing paint on a painting in a self-described climate protest.

Wildfires have displaced residents and restricted travel in some areas across Canada this summer just as the country looks to revive tourism business after years of pandemic-related restrictions.

Residents don’t know what they’ll find when they return home after evacuation due to wildfires or other natural disasters. They don’t even know if their homes will still exist.

wildfire season is devastating evidence of the effects of climate change, scientists say, but for some conspiracy theorists, the thousands of square kilometres of burnt ground isn’t enough to convince them.Instead, space lasers, arsonists and government plots to restrict people’s movement are some of the causes of the fires, according to fringe online circles. But despite being fringe, these theories are widely circulated and boosted by social media algorithms.People turn to conspiracy theories to help them make sense of disasters like the recent wildfires on the Hawaiian island of Maui, in British Columbia or the Northwest Territories, said Eric Kennedy, associate professor at York University’s school of administrative studies.“Some of the conspiracy theories about wildfires create simple villains, or simple evil characters – ‘this is Bill Gates, this is the World Economic Forum, this is a particular evil actor,”’ said Kennedy, who studies decision-making in emergency contexts, particularly wildfires.“Sometimes the simple stories are very appealing.

The B.C. government will be temporarily restricting travel to fire-affected areas as wildfires threaten thousands in the Central Interior and southeast.

Emergency Management and Climate Readiness Minister Bowinn Ma provided the numbers during a Friday update on the wildfire crisis, as strong winds and tinder-dry conditions fuel explosive fire growth.“I was deeply horrified to witness the distressing images emerging from West Kelowna late last evening,” Ma said.“I know this is a very challenging situation for everyone in that area. My heart is with you, our government is deploying every resource available to keep people safe and protect the community.”About 2,500 people have been forced from their homes in West Kelowna, Kelowna and surrounding communities, and officials said earlier Friday that a “significant” number of structures had been destroyed.