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The Latest Breaking News from Gernot Wagner

Major study on catastrophic cost of climate change retracted - but revised figures remain alarming

Authors have pulled a 2024 climate study after admitting that data errors had led them to overstate their findings.

Euronews

Researchers slightly lower study's estimate of drop in global income due to climate change

Researchers who examined climate change’s potential effect on the global economy say data errors led them to slightly overstate an expected drop in income over the next 25 years

The Independent UK

US banks predict climate goals will fail – but air conditioning firms will thrive

Reports predict global heating will bring catastrophes and that air conditioning market could grow by 41%

The Guardian - US

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read the most diverse news in one place.

Carbon removal industry calls on U.S. government for regulation in new industry report

The nascent industry for removing carbon dioxide directly from the air is calling on the U.S. government to adopt standards and regulations to boost confidence in the business

The Independent UK

Floods are wreaking havoc around the world. Vienna might have found an answer

The Austrian capital has been spared the worst of recent flooding. Its experience could be a lesson in how to tackle the climate crisis, says climate economist Gernot Wagner

The Guardian - UK

‘We’re still in the 1970s with cement’: Norway plant to blaze carbon-free concrete trail

If successful, projects such as Heidelberg Materials’ plant in Brevik could help the industry to a third of its carbon savings by 2050

The Guardian - UK

Economic damage from climate change six times worse than thought – report

A 1C increase in global temperature leads to a 12% decline in world gross domestic product, researchers have found

The Guardian - US

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Startups want to geoengineer a cooler planet. With few rules, experts see big risks

In a parking lot and on San Francisco Bay, NPR witnesses two different tests for solar geoengineering to tackle climate change. With much science unsettled, experts say regulations aren't keeping up.

WEKU

Fury after Exxon chief says public to blame for climate failures

Darren Woods tells Fortune consumers not willing to pay for clean-energy transition, prompting backlash from climate experts

The Guardian - US

Cookies and candy are latest victims of climate crisis as sugar prices surge

Cost of sugar surges to highest level since 2011 after dry spell in India and drought in Thailand, and price hike has already filtered down to desserts

The Guardian - US

Climate law could slash related damages by up to $1.9 trillion through 2050

The costs of extreme weather events, health impacts would decline, the report shows.

Axios

Personal behavior — even Taylor Swift's — is a minor part of climate change

Experts say real climate action will require big, systemic change.

Axios

Europe's battle over "green" natural gas

The moves, which are highly controversial, encourage the private sector to invest in such energy sources.

Axios

High gas costs won't stop climate change

Price spikes alone don't change our driving habits — but an increase in the gas tax might

Salon

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