Record Heat Pushed 2024 Above Global Warming Threshold of 1.5C Scientists in the EU and UK find that last year was the hottest year on record, breaching the climate change limit sought by the Paris Agreement.

It's official: 2024 was the hottest year on record, and the first with an average temp 1.5C above pre-industrial levels, the limit set by the Paris Agreement.

The 1.5C goal isn't dead -- it won't be until/unless this happens over many years. But it's sure not looking good. via @eroston.bsky.social

Do Carbon Credits Work? Borneo’s Jungle Sees Fight for $1 Trillion Market Global leaders to Wall Street are betting the struggle toward net-zero targets will reignite the troubled trade in carbon offsets.

Governments to Wall Street see the struggle toward net-zero reigniting the troubled trade in carbon credits, a market with potential to eventually top $1 trillion in value.

In Borneo, one of the world's largest projects shows the race for a share of those spoils.

www.bloomberg.com/features/202...