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Three years left to limit warming to 1.5C, top scientists warn

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Mark Poynting

Climate reporter, BBC News

EPA A boy carries a box of bottled water on his head. He is wearing a white-coloured shirt. There is bright sunshine in a blue sky behind him, as well as trees and a road sign. EPA

The Earth could be doomed to breach the symbolic 1.5C warming limit in as little as three years at current levels of carbon dioxide emissions.

That’s the stark warning from more than 60 of the world’s leading climate scientists in the most up-to-date assessment of the state of global warming.

Nearly 200 countries agreed to try to limit global temperature rises to 1.5C above levels of the late 1800s in a landmark agreement in 2015, with the aim of avoiding some of the worst impacts of climate change.

But countries have continued to burn record amounts of coal, oil and gas and chop down carbon-rich forests – leaving that international goal in peril.

Climate change has already worsened many weather extremes – such as the UK’s 40C heat in July 2022 – and has rapidly raised global sea levels, threatening coastal communities.

“Things are all moving in the wrong direction,” said lead author Prof Piers Forster, director of the Priestley Centre for Climate Futures at the University of Leeds.

“We’re seeing some unprecedented changes and we’re also seeing the heating of the Earth and sea-level rise accelerating as well.”

These changes “have been predicted for some time and we can directly place them back to the very high level of emissions”, he added.

At the beginning of 2020, scientists estimated that humanity could only emit 500 billion more tonnes of carbon dioxide (CO2) – the most important planet-warming gas – for a 50% chance of keeping warming to 1.5C.

But by the start of 2025 this so-called “carbon budget” had shrunk to 130 billion tonnes, according to the new study.

That reduction is largely due to continued record emissions of CO2 and other planet-warming greenhouse gases like methane, but also improvements in the scientific estimates.

If global CO2 emissions stay at their current highs of about 40 billion tonnes a year, 130 billion tonnes gives the world roughly three years until that carbon budget is exhausted.

This could commit the world to breaching the target set by the Paris agreement, the researchers say, though the planet would probably not pass 1.5C of human-caused warming until a few years later.

Graph showing rise in global air temperatures since 1850. Temperatures have risen particularly quickly since the 1970s. There are two lines in different shades of red, one showing yearly averages and one showing 10-year averages. In 2024, temperatures were more than 1.5C above pre-industrial levels of the late 1800s. The 10-year average from 2015-2024 was 1.24C above pre-industrial.

Last year was the first on record when global average air temperatures were more than 1.5C above those of the late 1800s.

A single 12-month period isn’t considered a breach of the Paris agreement, however, with the record heat of 2024 given an extra boost by natural weather patterns.

But human-caused warming was by far the main reason for last year’s high temperatures, reaching 1.36C above pre-industrial levels, the researchers estimate.

This current rate of warming is about 0.27C per decade – much faster than anything in the geological record.

And if emissions stay high, the planet is on track to reach 1.5C of warming on that metric around the year 2030.

After this point, long-term warming could, in theory, be brought back down by sucking large quantities of CO2 back out of the atmosphere.

But the authors urge caution on relying on these ambitious technologies serving as a get-out-of-jail card.

“For larger exceedance [of 1.5C], it becomes less likely that removals [of CO2] will perfectly reverse the warming caused by today’s emissions,” warned Joeri Rogelj, professor of climate science and policy at Imperial College London.

‘Every fraction of warming’ matters

The study is filled with striking statistics highlighting the magnitude of the climate change that has already happened.

Perhaps the most notable is the rate at which extra heat is accumulating in the Earth’s climate system, known as “Earth’s energy imbalance” in scientific jargon.

Over the past decade or so, this rate of heating has been more than double that of the 1970s and 1980s and an estimated 25% higher than the late 2000s and 2010s.

“That’s a really large number, a very worrying number” over such a short period, said Dr Matthew Palmer of the UK Met Office, and associate professor at the University of Bristol.

The recent uptick is fundamentally due to greenhouse gas emissions, but a reduction in the cooling effect from small particles called aerosols has also played a role.

This extra energy has to go somewhere. Some goes into warming the land, raising air temperatures, and melting the world’s ice.

But about 90% of the excess heat is taken up by the oceans.

That not only means disruption to marine life but also higher sea levels: warmer ocean waters take up more space, in addition to the extra water that melting glaciers are adding to our seas.

The rate of global sea-level rise has doubled since the 1990s, raising the risks of flooding for millions of people living in coastal areas worldwide.

PA Media Waves crash against a sea wall, spilling onto the land. There is lots of spray from the waves. The sky is grey and on land there are street lights and buildings visible in the background.PA Media

Sea-level rise increases the chances of coastal flooding during storms

While this all paints a bleak picture, the authors note that the rate of emissions increases appears to be slowing as clean technologies are rolled out.

They argue that “rapid and stringent” emissions cuts are more important than ever.

The Paris target is based on very strong scientific evidence that the impacts of climate change would be far greater at 2C of warming than at 1.5C.

That has often been oversimplified as meaning below 1.5C of warming is “safe” and above 1.5C “dangerous”.

In reality, every extra bit of warming increases the severity of many weather extremes, ice melt and sea-level rise.

“Reductions in emissions over the next decade can critically change the rate of warming,” said Prof Rogelj.

“Every fraction of warming that we can avoid will result in less harm and less suffering of particularly poor and vulnerable populations and less challenges for our societies to live the lives that we desire,” he added.

Thin, green banner promoting the Future Earth newsletter with text saying, “The world’s biggest climate news in your inbox every week”. There is also a graphic of an iceberg overlaid with a green circular pattern.



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ASML finds even monopolists get the blues

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Holding a virtual monopoly in a product on which the artificial intelligence boom relies should be a golden ticket. For chipmaker Nvidia, it has been. But ASML, which makes extraordinarily complex machines that etch silicon and is no less integral to the rise of AI, has found that ruling the roost can still be an up-and-down affair.

The €270bn Dutch manufacturer, which reports its earnings next week, is a sine qua non of technology; chips powering AI and even fridges are invariably etched by ASML’s kit. The flipside is its exposure to customers’ fortunes and politics.

Revenue is inherently lumpy, and a single paused purchase makes a big dent — a key difference from fellow AI monopolist Nvidia, which is at present struggling to meet demand for its top-end chips. ASML’s newest high numerical aperture (NA) systems go for €380mn; as an example of how volatile revenue can be for such big-ticket items, one delayed order would be akin to drivers holding off on buying 8,000-odd Teslas.

Initial hopes were high for robust spending on wafer fab equipment this year and next. Semi, an industry body, in December reckoned on an increase of 7 per cent this year and twice that in 2026. Jefferies, for example, now expects sales to flatline next year.

Mood music bears that out. Top chipmaker TSMC has sounded more cautious over the timing of the adoption of new high NA machines. Other big customers are reining in spending. Intel in April shaved its capital expenditure plans by $2bn to $18bn, while consensus numbers for Samsung Electronics suggest the South Korean chipmaker will underspend last year’s $39bn capex budget.

Politics is also getting thornier. Washington, seeking to hobble China’s tech prowess, has banned sales of ASML’s more advanced machines. Going further would hurt. China, which buys the less advanced but more profitable deep ultraviolet machines, typically accounts for about a quarter of sales. Last year, catch-up on orders lifted that to half.

Meanwhile, Chinese homegrown competition, given an extra nudge by US trade barriers, is evolving. Shenzhen government-backed SiCarrier, for example, claims to have encroached on ASML territory with lithography capable of producing less advanced chips.

The good news is that catch-up in this industry, with a 5,000-strong supplier base and armies of engineers, requires years if not decades. Customers, too, will probably be deferring rather than nixing purchases. The zippier machines help customers juice yields; Intel reckons it cuts processes on a given layer from 40 steps to just 10.

Over time, ASML’s enviable market position looks solid — and perhaps more so than that of Nvidia, whose customers are increasingly trying to create their own chips. Yet the kit-maker’s shares have been the rockier investment. In the past year, ASML has shrunk by a third while Nvidia has risen by a quarter; its market capitalisation is within a whisker of $4tn. That makes ASML the braver bet, but by no means a worse one.

louise.lucas@ft.com



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The enigma of Peter Thiel

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Peter Thiel is unlike any other Trump tech bro. As well as a wildly successful investor, he’s seen as a thinker – the philosopher king of Silicon Valley. Thiel’s acolytes in the tech world and Washington include vice-president JD Vance but his relationship with the Trump camp is complicated. And there are still questions about what, if anything, he wants with the president.

In the final episode of this season of Tech Tonic, Murad Ahmed speaks to FT columnist Gillian Tett about Thiel’s political philosophy, and to Tabby Kinder, the FT’s West Coast financial editor, about his influence in Silicon Valley.

Free to read:

How Peter Thiel and Silicon Valley funded the sudden rise of JD Vance

A time for truth and reconciliation (written by Peter Thiel)

How a little-known French literary critic became a bellwether for the US right

Palantir’s ‘revolving door’ with government spurs huge growth

This season of Tech Tonic is presented by Murad Ahmed and produced by Josh Gabert-Doyon. The senior producer is Edwin Lane and the executive producer is Flo Phillips. Sound design by Sam Giovinco. Breen Turner and Samantha Giovinco. Original music by Metaphor Music, Manuela Saragosa and Topher Forhecz are the FT’s acting co-heads of audio.

Read a transcript of this episode on FT.com

View our accessibility guide.



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Political attitudes shape public perceptions of artificial intelligence

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Political attitudes shape public perceptions of artificial intelligence | National Centre for Social Research






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