UN climate report is our ‘final wake-up call,’ say environmental experts

Published

4 years ago

August 16, 2021

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A damning new U.N. report warning of certain devastation from climate change has been dubbed humanity’s “final wake-up call” by environmental experts.

Speaking to CNBC Tuesday, environmentalists outlined the role companies, countries and individuals can play in stemming the crisis. They also shared their hopes for the 26th UN Climate Change Conference of the Parties, known as COP26, in November.

The U.N.’s IPCC climate panel released a highly anticipated report on Monday, warning that efforts to limit global warming to close to 1.5 degrees Celsius, or even 2 degrees Celsius above pre-industrial levels, “will be beyond reach” in the next two decades without immediate, rapid and large-scale reductions in greenhouse gas emissions.

Implementing ‘ambitious action now’

Meeting policymakers’ 2050 temperature targets will be difficult but achievable, said Emily Kreps, global director of capital markets at CDP, a non-profit which helps companies manage their climate impact.

However, it would require “ambitious action now” from companies, governments and capital markets, she told “Squawk Box Asia” on Tuesday.

This should be viewed as our final wake-up call.

Emily Kreps

global director of capital markets, CDP

The 1.5 degrees Celsius threshold outlined in the report is a crucial global target because beyond this level, so-called tipping points become more likely. Tipping points refer to an irreversible change in the climate system, locking in further global heating.

“This should be viewed as our final wake-up call,” said Kreps, who encouraged companies to set “concrete and specific targets.”

Ulka Kelkar, director of climate at the World Resources Institute India, agreed that the pace of change needs to “accelerate rapidly.”

The phasing out of fossil fuels and implementation of renewable energies needs to happen at five-times their current pace, for instance. Meantime, the development of new, more sustainable technologies needs to ramp up, she said.

That is especially pressing in developing countries like India, that have an opportunity to bypass environmentally damaging practices.

“Over here we need to start thinking one step forward, we need to leapfrog,” she told “Street Signs Asia.”

“(That means) more renewable energy used to produce hydrogen at (a) large scale, which can be used in all of our industries” — from fertilizers and chemicals to steel production, she added.

Expectations for COP26

The report comes as a series of extreme weather events have wreaked havoc globally.

In the past few weeks alone, floods have battered Europe, China and India. Wildfires have also devastated the U.S., Canada, Greece and Turkey.

The UN report makes it “unequivocal that these events are connected to climate change and human influence on climate,” Mans Nilsson, executive director of the Stockholm Environment Institute, told “Squawk Box Europe.”

Developed countries (need to) seal the deal on a long-overdue climate finance package.

Ulka Kelkar

director, World Resources Institute India

World leaders are set to discuss the issue further when they meet at COP26 in Glasgow, Scotland in November.

Kreps said she hopes the conference will produce nationally determined contributions and “science-based targets.”

Meantime, Kelkar’s expectations were three-fold.

“Developed countries (need to) seal the deal on a long overdue climate finance package,” particularly for adapting to extreme events seen lately, said Kelkar.

“The second big area is clean technology partnerships: something like green hydrogen, something like the circular economy that is using materials more efficiently. The third is the rules of carbon trading, which is a market-based instrument which allows all this mitigation to happen,” she added.

— CNBC’s Sam Meredith contributed to this report.

Environment

I found this cheap Chinese e-cargo trike that hauls more than your car!

Published

1 hour ago

July 5, 2025

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I found this cheap Chinese e-cargo trike that hauls more than your car!

If you’ve ever wondered what happens when you combine a fruit cart, a cargo bike, and a Piaggio Ape all in one vehicle, now you’ve got your answer. I submit, for your approval, this week’s feature for the Awesomely Weird Alibaba Electric Vehicle of the Week column – and it’s a beautiful doozie.

Feast your eyes on this salad slinging, coleslaw cruising, tuber taxiing produce chariot!

I think this electric vegetable trike might finally scratch the itch long felt by many of my readers. It seems every time I cover an electric trike, even the really cool ones, I always get commenters poo-poo-ing it for having two wheels in the rear instead of two wheels in the front. Well, here you go, folks!

Designed with two front wheels for maximum stability, this trike keeps your cucumbers in check through every corner. Because trust me, you don’t want to hit a pothole and suddenly be juggling peaches like you’re in Cirque du Soleil: Farmers Market Edition.

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To avoid the extra cost of designing a linked steering system for a pair of front wheels, the engineers who brought this salad shuttle to life simply side-stepped that complexity altogether by steering the entire fixed front end. I’ve got articulating electric tractors that steer like this, and so if it works for a several-ton work machine, it should work for a couple hundred pounds of cargo bike.

Featuring a giant cargo bed up front with four cascading fruit baskets set up for roadside sales, this cargo bike is something of a blank slate. Sure, you could monetize grandma’s vegetable garden, or you could fill it with your own ideas and concoctions. Our exceedingly talented graphics wizard sees it as the perfect coffee and pastry e-bike for my new startup, The Handlebarista, and I’m not one to argue. Basically, the sky is the limit with a blank slate bike like this!

Sure, the quality doesn’t quite match something like a fancy Tern cargo bike. The rim brakes aren’t exactly confidence-inspiring, but at least there are three of them. And if they should all give out, or just not quite slow you down enough to avoid that quickly approaching brick wall, then at least you’ve got a couple hundred pounds of tomatoes as a tasty crumple zone.

The electrical system does seem a bit underpowered. With a 36V battery and a 250W motor, I don’t know if one-third of a horsepower is enough to haul a full load to the local farmer’s market. But I guess if the weight is a bit much for the little motor, you could always do some snacking along the way. On the other hand, all the pictures seem to show a non-electric version. So if this cart is presumably mobile on pedal power alone, then that extra motor assist, however small, is going to feel like a very welcome guest.

The $950 price is presumably for the electric version, since that’s what’s in the title of the listing, though I wouldn’t get too excited just yet. I’ve bought a LOT of stuff on Alibaba, including many electric vehicles, and the too-good-to-be-true price is always exactly that. In my experience, you can multiply the Alibaba price by 3-4x to get the actual landed price for things like these. Even so, $3,000-$4,000 wouldn’t be a terrible price, considering a lot of electric trikes stateside already cost that much and don’t even come with a quad-set of vegetable baskets on board!

I should also put my normal caveat in here about not actually buying one of these. Please, please don’t try to buy one of these awesome cargo e-trikes. This is a silly, tongue-in-cheek weekend column where I scour the ever-entertaining underbelly of China’s massive e-commerce site Alibaba in search of fun, quirky, and just plain awesomely weird electric vehicles. While I’ve successfully bought several fun things on the platform, I’ve also gotten scammed more than once, so this is not for the timid or the tight-budgeted among us.

That isn’t to say that some of my more stubborn readers haven’t followed in my footsteps before, ignoring my advice and setting out on their own wild journey. But please don’t be the one who risks it all and gets nothing in return. Don’t say I didn’t warn you; this is the warning.

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Environment

OPEC+ members agree to larger-than-expected oil production hike in August

Published

2 hours ago

July 5, 2025

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OPEC+ members agree to larger-than-expected oil production hike in August

The OPEC logo is displayed on a mobile phone screen in front of a computer screen displaying OPEC icons in Ankara, Turkey, on June 25, 2024.

Anadolu | Anadolu | Getty Images

Eight oil-producing nations of the OPEC+ alliance agreed on Saturday to increase their collective crude production by 548,000 barrels per day, as they continue to unwind a set of voluntary supply cuts.

This subset of the alliance — comprising heavyweight producers Russia and Saudi Arabia, alongside Algeria, Iraq, Kazakhstan, Kuwait, Oman and the United Arab Emirates — met digitally earlier in the day. They had been expected to increase their output by a smaller 411,000 barrels per day.

In a statement, the OPEC Secretariat attributed the countries’ decision to raise August daily output by 548,000 barrels to “a steady global economic outlook and current healthy market fundamentals, as reflected in the low oil inventories.”

The eight producers have been implementing two sets of voluntary production cuts outside of the broader OPEC+ coalition’s formal policy.

One, totaling 1.66 million barrels per day, stays in effect until the end of next year.

Under the second strategy, the countries reduced their production by an additional 2.2 million barrels per day until the end of the first quarter.

They initially set out to boost their production by 137,000 barrels per day every month until September 2026, but only sustained that pace in April. The group then tripled the hike to 411,000 barrels per day in each of May, June, and July — and is further accelerating the pace of their increases in August.

Oil prices were briefly boosted in recent weeks by the seasonal summer spike in demand and the 12-day war between Israel and Iran, which threatened both Tehran’s supplies and raised concerns over potential disruptions of supplies transported through the key Strait of Hormuz.

At the end of the Friday session, oil futures settled at $68.30 per barrel for the September-expiration Ice Brent contract and at $66.50 per barrel for front month-August Nymex U.S. West Texas Intermediate crude.

Environment

Podcast: Trump/GOP go after EV/solar, Tesla, Ford, GM EV sales, Electrek Formula Sun, and more

Published

17 hours ago

July 4, 2025

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Podcast: Trump/GOP go after EV/solar, Tesla, Ford, GM EV sales, Electrek Formula Sun, and more

In the Electrek Podcast, we discuss the most popular news in the world of sustainable transport and energy. In this week’s episode, we discuss Trump’s Big Beautiful bill becoming law and going after EVs and solar, Tesla, Ford, and GM EV sales, Electrek Formula Sun, and more

Today’s episode is brought to you by Bosch Mobility Aftermarket—A global leader and trusted provider of automotive aftermarket parts. To celebrate Amazon Prime Day July 8th through 11th, Bosch Mobility is offering exclusive savings on must-have auto parts and tools. Learn more here.

The show is live every Friday at 4 p.m. ET on Electrek’s YouTube channel.

As a reminder, we’ll have an accompanying post, like this one, on the site with an embedded link to the live stream. Head to the YouTube channel to get your questions and comments in.

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After the show ends at around 5 p.m. ET, the video will be archived on YouTube and the audio on all your favorite podcast apps:

We now have a Patreon if you want to help us avoid more ads and invest more in our content. We have some awesome gifts for our Patreons and more coming.

Here are a few of the articles that we will discuss during the podcast: