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Global Scans · Climate · Weekly Summary


  • The Houthis' attacks have led shipping companies to reroute their vessels from the Red Sea, sending them around Africa through the Cape of Good Hope - a much longer, costlier and less efficient passage. The Guardian
  • Tankers carrying Russian oil have continued sailing through the Red Sea largely uninterrupted by Houthi attacks on shipping and face lower risks than competitors. Unofficial Networks LLC
  • The UK alone (which accounts for about 1% of global emissions) will have little impact on climate change so long as the likes of the US and China (which together account for some 45% of emissions) keep polluting. The Week UK
  • The world faces two concurrent crises in nature - climate change and loss of biodiversity with both threatening the availability of food and water whilst also endangering global supply chains. The Scottish Farmer
  • Ongoing threats to vessels transiting in the Suez Canal and the severe drought conditions in the Panama Canal, continue to significantly impact global ocean freight transit times and costs. Global Logistics Freight & Delivery Experts | SEKO Logi
  • Efforts to alleviate tension and enhance manageability in the South China Sea will necessitate strategic adjustments from both China as a coastal state and the United States as a user state. 9DASHLINE
  • U.S. ports, particularly on the West Coast, could see a surge in cargo volumes in the coming weeks as shippers re-route cargo to avoid Red Sea disruption from Houthi attacks on shipping. Unofficial Networks LLC
  • Even the disruption to global trade caused by Houthi attacks on commercial ships in the Red Sea and the ongoing wars in Ukraine and Gaza have not dampened the jubilant mood of analysts and business leaders. The Guardian
  • Regarding the effects of price tensions, increases in transport costs caused by the attacks in the Red Sea could affect consumer prices in Italy by a couple of tenths of a percentage point over a two-year horizon. FIRSTonline
  • Attacks by Yemen's Iran-aligned Houthi militants on ships in the Red Sea are disrupting maritime trade, as freight firms reroute around the Cape of Good Hope to avoid the Suez Canal. MarketScreener
  • Interim Budget 2024 could offer something to everyone - from salaried individuals seeking tax relief to working women, industry, or India's farmers dealing with the long-term impact of climate change. The Economic Times
  • Attacks by militants on vessels using the Red Sea and continued drought at the Panama Canal have led more LNG tankers to take a longer journey to Asia from the U.S., crossing the Cape of Good Hope. MarketScreener
  • Concerns remain that any additional American strikes could further inflame a region already roiled by Israel's ongoing war on Hamas in the Gaza Strip and the ongoing attacks by Yemen's Houthi rebels on shipping in the Red Sea. India TV News
  • Iran is concerned that attacks from Houthi militants in Yemen on commercial shipping in the Red Sea could upset the economic interests of both China and India, key Iranian allies. CNN
  • Embracing reuse systems presents an opportunity to reduce plastic pollution by 30% by 2040 and potentially decrease greenhouse gas emissions from packaging production by a staggering 80%. Pressenza
  • In 2024, key trends in the additive manufacturing industry involve organizations increasingly incorporating additive manufacturing into production operations to mitigate supply chain risks, enhance product design flexibility, and reduce manufacturing costs. 3D Printing Industry
  • Catalonia, a Spanish region struggling with severe drought conditions exacerbated by climate change, plans to become independent of rain by 2030 through a $2.6 billion investment in desalination plants and water infrastructure. Covering Climate Now
  • Material risks remain from developments in the Middle East and from disruption to shipping through the Red Sea. MarketScreener
  • Britain's factories have been hit by disruption caused by Houthi rebel attacks in the Red Sea that led to shipping delays and contributed to rising costs, as the boss of Adidas warned about exploding global freight rates. The Guardian
  • Houthi militants in Yemen, also supported by Iran, have threatened to continue their attacks on ships in the Red Sea. The Conversation
  • Vessels in the Red Sea continue to come under drone and missile attacks and the Houthis have issued statements goading the British and Americans with threats of targeting their naval vessels. ThePrint
  • A low level of self-sufficiency could trigger massive expansion of rice area in Africa, which leads to encroachment of natural ecosystems, and increased global warming potential due to land conversion and greenhouse gas emissions from new cropland 9, 17. Nature

Last updated: 05 February 2024



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