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Reports Aus PM could ditch vital climate summit ignites international fury | ticker VIEWS

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The vital climate summit in Glasgow is approaching, while the Pacific Island of Tuvalu cop the brunt of climate change

The nation of Tuvalu is seeing an alarming rise in tides, with experts predicting the Island will be decimated in the near future.

Tuvalu grapples with climate change

Prime Minister Kausea Natano addresses the UN General Assembly asking some very vital questions as his country faces total submersion. These are valid but difficult moral and political questions millions of people in low-lying coastal areas continue to grapple with.

“How strong will the next tropical cyclone be?

What about our traditional culture and heritage? 

Our human rights?

Will Tuvalu remain a member of the UN if it is finally submerged? Who can help us, and will they help us?”

“Until we have answers, sustainable development for us will only be wishful thinking and a short-term goal running on borrowed time. Not a reality we can accomplish,”

“Indeed, the cost of continuous rebuilding after every tropical storm and adapting to increasing sea levels leaves little fiscal space for investment in the SDGs,

our global climate actions must focus on the root causes of climate change to break this cycle of costly and continuous rebuilding,”

Prime Minister Kausea Natano

The international community must now consider solutions to protect the rights of people affected by the impacts of climate change and to avoid chaotic responses to uncontrolled mass climate displacement.

Tuvalu’s Prime Minister explained to the assembly that one obvious sustainable solution is to stop and reverse increasing global temperatures.

Prime Minister Kausea Natano addresses the UN General Assembly

“They’ve got an avergae level of two metres above sea level,

we know climate change is already going to increase sea levels by one metre.

It also means there is massive storm surge- these Islands will be decimated.”

Scott Hamilton, Ticker Climate co-host & energy expert

COP26 in Glasgow

Climate change is high on the agenda for our world’s leaders right now, with talks taking place recently at the UN General Assembly and also the Quad meet. Major climate talks are looming at the upcoming COP26 United Nations Climate Change Conference, in November.

This is seen as the most critical climate meeting in nearly ten years. However, Australia’s Prime Minister, Scott Morrison, is yet to make a decision on whether he will attend the summit in Glasgow.

The Prime Minister’s office says a decision hasn’t been made, with Foreign Minister Marise Payne confirming they’re still finalising who will represent Australia at the event.

Morrison has made a few key international trips since the pandemic, in relation to the Aukus alliance and also trips to Japan and the United Kingdom. Critics are questioning how the Prime Minister can be absent from the crucial meeting, when Joe Biden and Boris Johnson will be there.

Australia has continuously been scrutinised for its unambitious emission reduction targets and its absence in adopting net-zero emissions by 2050 goal yet. Also, the Prime Minister coming under fire for Australia’s lingering commitment to the coal industry.

“Morrison recently reached out to Biden and Boris for the nuclear subs deal… so you would think he would therefore see the importance if those two leaders are making the effort to go to Glasgow…

It really is telling that he is equivocating that he’s not really serious about climate action. It’s the actions that count.”

Scott Hamilton, Ticker Climate co-host & energy expert

 

Canceling coal

As the world transitions away from coal, Australia seems reluctant to consider a future without it. Country coal towns and the Australian economy rely heavily on the coal industry. However, it is crucial that Australia now paves its way in a new direction.

The coal industry gives thousands of Australians jobs, but when the rest of the world moves away from coal, Australia’s exporting opportunities will no longer be there.

That’s why it’s essential to create a plan, so people are not left in dead-end industries and we’re in line with the rest of the world in tackling climate change. This all comes as state Energy Minister’s urge the Australian Government to put an end to coal and look at climate-friendly alternatives.

https://twitter.com/tickerNEWSco/status/1442269681985802246?s=20

“One of the big messages coming out of that meeting [Quad] from India,

is the demand for green steel, made from green hydrogen.

Not from coal and not from fossil gas.”

Scott Hamilton, Ticker Climate co-host & energy expert

World River’s Day

World Rivers Day is a day for the celebration of our rivers and waterways, but also a day for remembering how fragile they are. Ticker Climate co-host Scott Hamilton is launching his book Sold Down The River, with co-author Stuart Kells.

This book is critical in highlighting the impact of climate change on the iconic Murray Darling Basin Rivers in Australia.

Watch this week’s full episode.

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Big Tech earnings spark investor unease over AI spending

Investors monitor Big Tech’s AI investments, with Meta thriving while Microsoft and Tesla face uncertainty over growth and returns.

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Investors monitor Big Tech’s AI investments, with Meta thriving while Microsoft and Tesla face uncertainty over growth and returns.

Investors are reacting sharply to Big Tech earnings this week, sending a clear signal that massive spending must translate into real growth. Markets are becoming less forgiving as companies pour billions into artificial intelligence, data centres and future tech while returns remain uncertain.

Meta has delivered a standout performance, posting a 24 percent jump in revenue for the December quarter, fuelled by AI-powered advertising. The company is doubling down on its strategy, with aggressive investment in AI and infrastructure expected to drive a further 33 percent growth this quarter.

Microsoft and Tesla tell a more cautious story. Microsoft reported only modest growth in its Azure cloud business, raising questions about its exposure to OpenAI, while Tesla plans to double spending on AI and autonomous driving. Analysts warn of a widening gap between bold AI ambitions and what investors expect in returns.

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Federal Reserve holds interest rates amid economic uncertainty

Federal Reserve holds interest rates steady, balancing inflation and jobs, as some governors advocate for a cut. #FederalReserve #InterestRates #Economy

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Federal Reserve holds interest rates steady, balancing inflation and jobs, as some governors advocate for a cut.

The Federal Reserve has opted to keep interest rates unchanged, marking the first pause since July. Officials are showing little urgency to resume cuts, even after previous rate reductions.

Two Fed governors opposed the decision, calling for a quarter-point cut, highlighting ongoing debates within the rate-setting committee, which includes both appointed governors and regional bank presidents.

Concerns over the job market and persistent inflation continue to weigh heavily on the Fed’s policy decisions, leaving economists and investors closely watching the next moves.

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#FederalReserve #InterestRates #Economy


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Trump warns Iran as U.S. naval forces approach amid rising tensions

Trump urges Iran to resume nuclear talks or face stronger U.S. military response amid economic struggles and tensions rise.

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Trump urges Iran to resume nuclear talks or face stronger U.S. military response amid economic struggles and rising tensions.

U.S. President Donald Trump has urged Iran to return to nuclear negotiations, warning that failure to do so could result in a far more severe military response. Posting on Truth Social, Trump signalled a hardening stance as tensions between Washington and Tehran continue to rise.

Trump confirmed that a U.S. naval strike group led by the USS Abraham Lincoln is moving towards Iran, as protests grow inside the country over alleged government repression.

The show of force comes amid heightened regional instability and mounting pressure on the Iranian leadership.

#Trump #Iran #USForeignPolicy


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