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Fossil fuels are a threat to national security The UK spent ~£140bn on wholesale gas between 2021-2024 Compared to pre-2021 prices, that's an extra £90bn spent on gas This would've been far lower if the UK was better insulated & had more clean energy eciu.net/media/press-re…

Energy bills on the rise again The main cause: fossil fuels As Ofgem say: “Our reliance on international gas markets leads to volatile prices & continues to drive up bills, which is why it’s more important than ever 2 invest in a cleaner, homegrown system” theguardian.com/money/2025/feb…

There's a story that used to be told about climate change. "We can save the planet," they said. But 1.5C has been breached and we are now in an era of flood and drought. We failed to avert climate change. Is there a plan B? Free to read The Times and The Sunday Times 👇 thetimes.com/uk/environment…

This is the flip side of the calls to scrap net zero or slowdown decarbonisation. That is not a cost-free strategy. Adaptation costs are already going to be huge. And they will just keep getting bigger until net zero is reached.

“It’s only really now that the penny is dropping that we didn’t prevent a global-scale climate crisis. We’re now in a global-scale climate crisis.” thetimes.com/uk/environment…

'The penny is dropping that a global-scale climate crisis wasn't prevented. We’re now *in* a global-scale climate crisis.' Great chatting with Ben Spencer for The Times and The Sunday Times' series about how to survive and thrive in the face of escalating climate change. thetimes.com/uk/environment…

Global temperatures have been rising rapidly, with the past five years averaging around 1.4C above preindustrial levels in the Berkeley Earth dataset. This map shows how much warmer the past five years were than the preindustrial period worldwide:

⚠️ Case study of media misinformation ⚠️ On Tuesday, this graph appeared in a Telegraph article about Ed Miliband's heat pump. After its flaws were explained to the Telegraph, it's now been taken down. 🧵 on what it got so wrong...with Qs remaining about HOW it did so

Absolutely! As climate consequences escalate (in this case, heat) then it could frustrate our ability to tackle its causes (more power for cooling frustrating reductions energy use) Writ large, dynamics like this could *derail* the world from viable paths to avoiding the worst

JP Morgan are ostensibly planning to profit from 3C+ Their rubbish risk assessments enable them to make this (false) claim But will they actually improve the assessments, as many (including me) are calling for? Here's a thought experiment 👇 strategicclimaterisks.substack.com/p/are-we-in-a-…

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“It is widely understood that current [climate risk] assessments [on pension investments] may not be credible," said British Business Bank's Leandros Kalisperas, "but the question is, what is better than what we have, and how can it be implemented?” pensionsage.com/pa/Current-cli…

Will climate risk assessment actually be improved? We need it: eg, pension funds think 4C will only shave ~1% off assets But even if assessments were improved, there might be a material disincentive to disclose... Are we in a 'delayed disclosure trap'? strategicclimaterisks.substack.com/p/are-we-in-a-…

"By not disclosing a franker assessment, everything seems fine again. The world is on a trajectory for over 3°C of warming but the risk assessments say this will have a negligible effect. So, investing in fossil fuels is ok. But this only increases the underlying risks"...

Global temperature over the past two years have been very much on the high end of the range of future warming expected in a current policy-type scenario (SSP2-4.5) in the most recent IPCC report (which, itself, expects some near-term acceleration):

I'm delighted to be speaking at the Bloomberg Sustainable Business Summit in London on 26 June. Join me to explore whether we need a new 'North Star' for climate change in light of the increasing overshoot of the 1.5C global goal Learn more and sign up👇 events.bloomberglive.com/sustainable-bu…

“Our security depends as much on tanks as it does on energy stability and an affordable supply. Whether or not you think the world is a more dangerous place, you can still improve the security of your society through renewables.” Great talking with The Wall Street Journal wsj.com/articles/susta…

Today Climate Change Committee releases its assessment on UK climate adaptation It shows a dangerous apathy to systemic risks E.g.; "there aren’t enough indicators to assess overall progress accurately" on becoming more resilient to systemic risks in the food system theccc.org.uk/publication/pr…

We welcome Executive Director, Strategic Climate Risks Initiative, Laurie Laybourn to the #SustainabileBizSummit program to discuss the future of climate goals in business and finance. Learn more here 🌍 bloom.bg/3RiNjjZ

New study confirms that the famous 'cold blob' or 'warming hole' observed in the northern Atlantic is caused by a weakening Atlantic overturning circulation. 🌊 nature.com/articles/s4324…