Even in the global North, its heavily polluting industries disproportionately impact poor, marginalised communities and especially communities of colour. Meanwhile, the fossil fuel industry that is at the heart of the climate crisis also impacts directly on human rights, as it penetrates Indigenous and communal lands for exploration and pollutes water and agricultural land.
Areas already affected by conflict will be disproportionately impacted because of the decreased “adaptive capacity” of both people and institutions already under stress. The consequences of global warming, including desertification and extreme weather, will lead to water and food scarcity, forcing many people from their lands. Changing weather patterns, forest fires and other climate-related habitat destruction will set animals on the move, from bats to rodents to mosquitoes, leading to contact between animals and with humans that normally don’t interact, physically bringing together pathogens and potential new hosts.Ībove all, the climate crisis poses massive risks to people and communities globally, especially poor, marginalised and/or Indigenous communities who bear very little responsibility for causing the crisis, yet are faced with destruction of their homes, land and livelihoods. The climate crisis poses a huge threat to nature, with forests being destroyed by wildfires or turning into savannah, tundras and alpine permafrost areas thawing, coral reefs bleaching and oceans getting both warmer and more acidic, thus becoming uninhabitable for many species while also releasing even more greenhouse gases into the atmosphere.Ī warming planet is also expected to face more pandemics. The latest IPCC and International Energy Agency reports are both crystal clear that this requires an immediate end to all new fossil fuel exploration and development, and a rapid phase-out of all remaining fossil fuel use. Despite the goal of the Paris Climate Agreement to limit global warming to 1.5☌, the average global temperature is now 1,1 degrees higher than in 1990, with polar areas warming three times as fast and other areas facing ever more extreme heatwaves, opening the very real risk of them becoming uninhabitable.įor the world to still have a two-thirds chance to limit temperature rise to 1.5☌, global greenhouse gas emissions must be brought to net zero by 2050 latest, with over half of that reduction achieved by 2030. With each passing year, the number and severity of heatwaves, hurricanes, floods, forest fires and other climate-related disasters is increasing, already disrupting the lives of millions of people. Meta said last year that "Reality Labs operating losses in 2023 will grow significantly year-over-year.The world is facing an acute and rapidly accelerating climate crisis.
Meta's Reality Labs unit, home to the metaverse ambitions, lost $4.28 billion in the fourth quarter, bringing its total operating loss for the year to $13.72 billion. The big bet has frustrated investors, who worry the company is putting too much focus on a futuristic endeavor while its core ad business struggles to revive growth.
Zuckerberg has said the metaverse, which would include virtual reality and augmented reality technologies, could represent the next major way people interact.
Meta shares plummeted by over 60% last year, as Zuckerberg struggled to sell Wall Street on his plan to pivot the company towards the yet-to-be-developed world of the metaverse. While much smaller than Meta, Snap faces some of the same challenges, including a slowdown in online advertising spend, increased competition from TikTok and a weakened targeting advertising system due to Apple's 2021 iOS privacy update.Īlphabet and Amazon will wrap up earnings reports from the major online ad platforms on Thursday, followed by Pinterest next week. Personal Loans for 670 Credit Score or LowerĮarlier this week, Snap reported fourth quarter earnings that missed on sales, sending its shares tumbling. Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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