Energy commodity prices surged 8% in November—the fifth consecutive monthly gain—led by a 9% increase in oil prices. Agriculture prices made marginal gains as a 1% decline in beverages was balanced by a 1% increase in food prices, notably natural rubber (down%) and cotton (off 2%). Fertilizer prices declined 3%, led by a 6% drop in Urea.
Metals and mineral prices were unchanged. Gains in nickel and iron ore were balanced by declines in lead and aluminum. Precious metals prices rose marginally. Read More>>
Global emissions of carbon dioxide, a major greenhouse gas and driver of climate change, increased from 22.4 billion metric tons in 1990 to 35.8 billion in 2013, a rise of 60 percent . The increase in emissions of CO2 and other greenhouse gases has contributed to a rise of about 0.8 degrees Celsius in the mean global temperature above pre-industrial times. Read More.
Sixteen of the 17 warmest years in the 136-year record have occurred since 2001. The year 2016 ranks as the warmest on record. Recent analysis finds that climate change could push more than 100 million more people into poverty by 2030. But good development—rapid, inclusive, and climate informed—can prevent most of the impacts of climate change on extreme poverty by 2030. Read More.
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