World on Track to Exceed 1.5°C in Next Five Years: Bangkok Climate Action Week
The world is hurtling towards a critical climate change milestone. Global temperatures are set to exceed 1.5°C above pre-industrial levels in the next five years, and we're on track to hit 2°C, a point at which catastrophic changes become highly probable. Policymakers from Asia recently gathered in Bangkok to discuss these alarming trends and potential solutions.
The Bangkok Climate Action Week brought together Asian policymakers to grapple with the region's climate future. Experts shared new, worrying metrics, highlighting the urgency of the situation. Delegates discussed managing the race for rare earths, crucial for AI chips and electric vehicle batteries. They also addressed the need for a reality check on the speed of transition away from fossil fuels.
The conference explored ways to mitigate climate change impacts and avoid a 'resource curse' in the rare earths boom. The US government, through entities like Lithium Americas Corp. and investments from the US Department of Energy, is strategically investing in critical supply chains like lithium mining. European manufacturers and startups are also working to ramp up domestic battery production, aiming to reduce dependency on Asian suppliers, particularly Chinese companies.
With global temperatures set to exceed 1.5°C within the next five years and the world on track to hit 2°C, the need for urgent climate action is clearer than ever. The Bangkok Climate Action Week underscored the importance of international cooperation and innovative solutions in managing the transition to a low-carbon future.
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