UN head warns of ‘global boiling’ as July set to be hottest month ever (FT)

EU climate change body says it is ‘more probable than not’ temperatures will reach new highs in next few month.

The world faces a new era of “global boiling”, the head of the UN has warned, as scientific forecasts showed that July is expected to be the hottest month ever recorded. “The era of global warming has ended; the era of global boiling has arrived,” António Guterres, UN secretary-general, said on Thursday. The global average temperature this month has at times been about 1.5C higher than it was before human-induced warming set in, according to the EU’s Copernicus Climate Change Service. The first three weeks of July were the warmest such stretch on record, with the month now “extremely likely” to be the hottest ever, it said.

https://www.ft.com/content/657b50da-9a75-46b7-bf7c-020838f4f0a6?shareType=nongift

Author: Christopher K. Merker, Ph.D., CFA

Christopher K. Merker, PhD, CFA, is a director with Private Asset Management at Robert W. Baird & Co. He holds a PhD in investment governance and fiduciary effectiveness from Marquette University, where he has taught the course “Sustainable Finance” since 2009. Executive director of Fund Governance Analytics (FGA), an ESG research partnership with Marquette University, he is a member of the CFA Institute ESG Working Group, an international committee currently exploring ESG standards, publishes the blog, Sustainable Finance, which covers current topics around governance and sustainability in investing, and is co-author of the book, The Trustee Governance Guide: The Five Imperatives of 21st Century Investing.