Climate report issues 'red alert' warning after record-breaking temperatures caused 'misery and mayhem' in 2023

A report from the World Meteorological Organization sounded the alarm on extreme temperatures and their impact on human life. The report also said that the rapid progress of renewables offered some hope. Cameron Hepburn, Battcock Professor of Environmental Economics, commented: "Renewables, combined with storage, offer humanity's best hope of reducing our emissions to safe levels.

"The faster we transition to using them, the more money we save the global economy, whilst insulating ourselves from the damaging impacts of volatile fossil fuel markets.

"The WMO's stark findings should provide policymakers with all the incentive they need to double down on investments into renewable energy."


ECGI Blog Review Vol. 3: Governance & Climate Change

Thom Wetzer, Associate Professor of Law and Finance and Director of the Oxford Sustainable Law Programme, guest edited the European Corporate Governance Institute’s latest Blog Review. Titled “Governance & Climate Change,” the Review explores the “pivotal questions that boardrooms across the globe will have to address in the years ahead.” 


Carbon markets are broken. Here are three ways we can start fixing them

Stephen Lezak and Kaya Axelsson detail the problems with carbon offsetting markets, and how Oxford's revised Offsetting Principles can help solve them. "Current offsetting practices must be overhauled to meet critical climate targets. And until governments finally intervene to regulate carbon offsetting, the responsibility for reform falls at the feet of buyers and investors. Our updated principles can help them live up to this planetary responsibility."