Climate

EU is now preparing to introduce ETS2, a separate carbon market for road transport and buildings.

European climate and energy policies are set to be among the issues discussed by the EU leaders at their informal gathering in Belgium on Feb. 12.

Air India has cancelled all flights to and from New York and Newark for Jan. 25 and 26 due to a severe winter storm forecast in the US.

Energy demand is likely to rise over the next two weeks as the cold settles in, according to BloombergNEF.

Wildfires in central and southern Chile have killed at least 18 people and destroyed hundreds of homes amid a severe heat wave, prompting a state of catastrophe declaration.

Climate change and related issues have become less pressing in the near term, but continue to be the most severe risks for a 10-year point of view.

While environmental risks have declined in short-term urgency, the WEF report cautions that their existential nature means they remain unavoidable over time, with climate impacts already stressing infrastructure, supply chains and public systems globally.