Free Republic

(Reuters) - The world is failing to cut carbon emissions fast enough to avoid disastrous climate change, a dawning truth that is giving life to a technology that for years has been marginal – pulling carbon dioxide from the air. Leading the charge, the U.S. government has offered $3.5 billion in grants to build the factories that will capture and permanently store the gas - the largest such effort globally to help halt climate change through Direct Air Capture (DAC) and expanded a tax credit to $180/tonne to bolster the burgeoning technology. The sums involved dwarf funding available in other...

LONDON (Reuters) - Tackling inequality is key to securing the public support needed to overhaul the global economy and reverse climate change, an update to the landmark 50-year-old computer simulation of environmental stress has found. Based on modelling by MIT scientists of a world destabilised by growing consumption, the 1972 "Limits To Growth" simulation has been attacked as flawed by some but applauded by others as prescient of accelerating planetary stress. Building off its predecessor, the Earth4All model developed by a cross-discipline team of researchers sought to explore what it would take to increase the wellbeing of humanity during the...

LONDON, April 5 (Reuters) - The world is awash with money, yet spending nowhere near enough to prevent extreme climate change. As time runs out, urgent policy intervention is needed to make finance flow, the Intergovernmental Panel on Climate Change's latest report says. Such policy could include ending fossil fuels subsidies, tax breaks for clean power or energy-efficient buildings, or underwriting the development of low-carbon projects and technologies. "Climate policy and finance will be critical for driving transformative change," said Emma Cox, global climate leader at consultants PwC. The combined wisdom of 278 scientists and signed off by most of...