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Climate science moves on without the US
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While the US has been walking back support for climate change research, countries in Africa and Asia are charging ahead with their pursuit of knowledge on the subject. Today’s newsletter looks at the launches of two separate agencies — one in Egypt and another in Japan — that are both focused on gaining a better understanding of our warming planet. 

Later, read about a new investigation led by two US Democratic senators into Wall Street’s retreat from its climate pledges. For unlimited access to climate and energy news, please subscribe

Cairo, we are go for launch

By Laura Millan

Africa has established the continent’s first space agency to boost Earth observation and data sharing at a time when a more hostile global context is limiting the availability of climate and weather information. 

The African Space Agency opened its doors last month under the umbrella of the African Union and is headquartered in Cairo. The new organization,  which is still being set up and hiring people in key positions, will coordinate existing national space programs. It aims to improve the continent’s space infrastructure by launching satellites, setting up weather stations and making sure data can be shared across Africa and beyond.

“Space activities on the continent have been happening in a very fragmented fashion,” said Meshack Kinyua, a space engineer and an Africa space policy veteran who now oversees capacity-building at the agency. “The African Space Agency brings a coordination mechanism and economies of scale — it puts all members of the African Union at an equal level in terms of gathering data that they can access according to their needs.” 

The African Space Agency in Cairo on April 20. Photographer: Ahmed Gomaa/Xinhua/Getty Images

Africa is the world’s poorest continent and its people are among the most vulnerable to the extreme weather events made worse by climate change, despite contributing much less to the warming of the planet than those in developed countries. The lack of high-resolution weather and climate data prevents governments from alerting citizens when extreme weather events approach, and scientists can’t accurately predict long-term trends because the data in their models lacks detail. 

The African Space Agency is a step toward changing that, Kinyua said. The agency also aims to scale up some successful initiatives happening across the continent, including early warnings systems for fishermen in western Africa and in the Congo river basin, he said.

The agency had been long planned, but its opening comes right after the Trump administration’s dismantling of  the US Agency for International Development, which was a significant funder of many different kinds of programs in Africa. When the administration canceled 80% of USAID’s projects, among them was SERVIR, a joint initiative of USAID, National Aeronautics and Space Administration and space organizations in developing countries to help manage climate change, food security and natural disasters. 

“We need to ensure that African satellites can improve measurements and fill data gaps,” Kinyua said. “These gaps will always be there, and we need to fill some of them ourselves, and engage with other agencies.”

How much does it cost to launch a satellite? Read more on the funding challenges the new agency faces on Bloomberg.com. 

Japan’s weather mysteries

By Mary Hui and Aaron Clark

Meteorologists and climate detectives are ramping up their focus on a relatively young but increasingly active field of science: finding human fingerprints in extreme weather events.

Scientists in Japan launched a new effort Tuesday dedicated to figuring out how much human-induced global warming can be blamed for individual weather disasters that impact the world’s fourth-largest economy. The initiative comes after 2024 was confirmed as the hottest year on record, and on the heels of both Japan’s biggest wildfire in half a century in March and record-breaking snowfall a month earlier.

The mountain surface damaged by forest fires in Ofunato, Iwate Prefecture, on March 6. Photographer: Takuya Matsumoto/Yomiuri Shimbun

The Weather Attribution Center Japan, or WAC, will aim to pinpoint within days the degree to which events such as a heat wave, typhoon, or extreme rainfall were made more likely, or more intense, as a result of global warming. Already, the group established that record temperatures in Japan in July last year would’ve been almost impossible without the effects of a heating planet.

“It is critical to provide the information as quick as possible,” because it’s typically in the days following an extreme weather event that people are most interested in its cause and the role of climate change, said Masahiro Watanabe, a professor at the University of Tokyo’s Atmosphere and Ocean Research Institute and one of the founders of the center. “The interest of the public decays very rapidly after the event happens.”

London-based World Weather Attribution, the best known group working in attributing extreme events to climate change, has produced or collaborated on over 100 rapid studies since it started 2014. Japan’s WAC, which has received initial funding from Tokyo-listed leasing and financial services firm Fuyo General Lease Co., aims to complement those long-standing efforts by focusing specifically on the country’s weather and utilizing its own region-specific expertise. 

“Japan is a collection of small islands and the mechanism of extreme events in Japan are quite different,” said Yukiko Imada, a professor at the University of Tokyo and another co-founder of WAC. “That is a major reason why Japan needs unique event attribution systems specific to the Japanese climate.” The center also aims to eventually expand its attribution work to analyze the economic impacts of extreme weather events.

Read more on Japan’s weather attribution center on Bloomberg.com. Also, check out Bloomberg Green’s previous reporting on China’s quest to become a “weather superpower,” as the world’s second-largest economy aims to have a bigger say in global meteorological governance. 

Losing count

27
This is how many billion-dollar weather events the US saw last year. It was the second highest annual total following 2023’s 28 such events. The US stopped tracking the cost of damages this year.

Opening doors

"This is an historic opportunity for Europe and the UK to overtake the US permanently as the number one destination for the world's scientists. If the UK and Europe won't do it, China and other countries will also recognize the opportunity."
Bob Ward
Policy director at the Grantham Research Institute on Climate Change and the Environment in London
Europe sees the string of funding freezes, canceled programs and general hostility toward science in the US under President Donald Trump as an opportunity to become the world’s top destination for research.

More from Green

The biggest US banks are the targets of an investigation initiated by Democratic Senators Sheldon Whitehouse and Elizabeth Warren into Wall Street’s retreat from its climate pledges.

The probe seeks to examine the extent to which banks have allegedly caved in to pressure from Republicans and fossil-fuel interests to abandon their fiduciary duty to manage the financial risks that stem from climate change, according to letters sent to the banks that were reviewed by Bloomberg.

In the letters, which are addressed to the chief executive officers of JPMorgan Chase, Wells Fargo, Bank of America and Citigroup., Whitehouse and Warren ask that the banks provide documents on the internal discussions that led the banks to leave climate alliances. They’re also seeking emails and memoranda outlining internal talks at the banks on the financial risks related to climate change, the draft letters show.

The demands follow a mass exodus by Wall Street firms from the world’s largest climate coalition for the industry, the Net-Zero Banking Alliance. Those departures all took place between the November election of President Donald Trump and his January inauguration.

What are banks saying about climate now? Read the full story on Bloomberg.com.

Senator Elizabeth Warren Photographer: Kent Nishimura/Bloomberg

As climate change worsens extreme weather around the US, floods are increasing the risk of home foreclosure, according to a new report by First Street Technology Inc., a climate-data company. Flood damage isn’t covered by standard home insurance.

Hurricane forecasters are predicting another year of above-normal storm activity in the Atlantic. Coastal regions in the basin tend to be densely populated and many areas, particularly in the Gulf of Mexico, are home to crucial energy infrastructure.

Spain is boosting generation from costlier gas-fired power plants in the wake of a nationwide blackout that raised concerns about the grid’s ability to cope with an abundance of renewable energy.

Worth a listen

Low-carbon tech investments reached $2.1 trillion last year. But with the whole world trying to work out how to navigate US President Donald Trump’s unpredictable policy agenda, is 2025 still a good time to invest in climate tech? On the latest episode of Zero Akshat Rathi interviews Greg Wasserman, head of private company climate investment at Wellington Management, which oversees more than $1 trillion in assets. Wasserman has to make investment decisions here and now about companies and technologies — weighing risks and opportunities in a volatile market. Listen now, and subscribe on AppleSpotify, or YouTube to get new episodes of Zero every Thursday.

A panel of switches for the heat pumps and boilers at the new cruise terminal extension at Portsmouth International Port in Portsmouth, UK. Photographer: Hollie Adams/Bloomberg

Attention all filmmakers

Do you have a compelling story you want to tell? The Bloomberg Green Docs competition is open to all eligible filmmakers who would like to compete to win a $25,000 grand prize for a short climate documentary. The aim is to explore our climate future with documentaries that reveal the world we are making today. Films must be under 10 minutes and submissions will be accepted through May 23. The winner will be announced at the Bloomberg Green Docs Film Festival in Seattle on July 16. Visit the Bloomberg Green Docs official site for more information and rules.

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