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Don’t mistake Indonesia’s MSCI scare for economic weakness

22 October 2026 at 06:44

When MSCI floated the idea of downgrading Indonesia to a Standalone Market, anxiety quickly swept through Jakarta’s financial community. Predictably, alarming headlines immediately pointed to foreign capital flight, stock prices dropped and local regulators quickly moved to calm jittery investors. Yet, treating this stock market tremor as a proxy for Indonesia’s overall economic health represents […]

The post Don’t mistake Indonesia’s MSCI scare for economic weakness appeared first on Asia Times.

Disappearing Hurricanes Leave Disappointed Scientists Without Fuel for Climate Alarm

21 October 2026 at 09:00

Hurricanes in the North Atlantic have largely disappeared this year, leaving bitterly disappointed scientists without fuel for their climate alarm and having to admit the role of natural variation, says Chris Morrison.

The post Disappearing Hurricanes Leave Disappointed Scientists Without Fuel for Climate Alarm appeared first on The Daily Sceptic.

Britain’s Oil Refineries Are Too Important to Sacrifice to Net Zero

20 October 2026 at 09:00

In just two years Labour has seen the closure of two of Britain's six oil refineries due to green levies. The remaining four are much too important to sacrifice to Net Zero, says Ted Newson.

The post Britain’s Oil Refineries Are Too Important to Sacrifice to Net Zero appeared first on The Daily Sceptic.

Royal Exchange boss unveils new plays two years after damaging censorship row

Selina Cartmell announces season including Stockport-set version of Phaedra myth by Simon Stephens

A theatre boss has promised to channel the “pioneering spirit of Manchester” and be “brave and fearless” as she unveiled a new season of work, two years after a deeply damaging censorship row.

Selina Cartmell, the artistic director of the Royal Exchange in Manchester, revealed details of 2027-28 productions that include a retelling of the Munich air disaster and a modern Stockport-set version of the ancient Greek myth Phaedra.

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© Photograph: Christopher Thomond/The Guardian

© Photograph: Christopher Thomond/The Guardian

© Photograph: Christopher Thomond/The Guardian

World falling behind on nature protection goals, UN warns

19 October 2026 at 10:55

World leaders, diplomats and nature experts gather in Armenia this week to assess lagging efforts to halt biodiversity loss, with countries off track on most global targets and divisions over funding still unresolved.

The 17th UN “Conference of the Parties”, dubbed COP17, is the first major review of progress under the Kunming-Montreal Global Biodiversity Framework, the landmark 2022 agreement that aims to protect 30% of land and sea by 2030. The climate-focused COP31 begins on November 9 in Antalya, Turkey.

While the world is likely to reach an estimated 27.5% of land protection by 2030, scientists say many of the broader goals needed to halt biodiversity loss remain well off track. From pesticide use to unsustainable fishing and subsidies for a host of damaging activities, the deterioration of ecosystems threatens food production, water security and economic stability across the planet.

Countries are currently not on track to meet 22 of the 23 goals set out in the Kunming-Montreal framework, a draft UN report showed.

What is the difference between Cop17 and Cop31

While the UN says 144 countries including Brazil and China have so far created action plans, who pays and how much towards a $30 billion public finance goal is less clear and will be central to two weeks of talks in Armenia’s capital Yerevan.

The broader goal is to mobilise at least $200 billion per year by 2030.

Reforming subsidies that harm nature

Another major focus is reforming $500 billion a year of subsidies for activities that damage nature, with governments urged to set a two-year timeline to identify and redirect the most damaging ones. That could, for example, include those that encourage farmers to cut down rainforest or the offer of state discounts on synthetic fertilisers and chemical pesticides which damage soil and water.

Doing so would help governments address nature loss and related issues like food and energy security without committing more public money at a time of war, energy crises and other inflationary pressures.

“This isn’t primarily a story about conservation,” said Eva Zabey, CEO of the non-profit Business for Nature at a media briefing. “It’s an economic, fiscal, political and competitiveness story, which is grounded in resilience and resource security.”

More than 130 businesses including retailer H&M HMb.ST and consumer goods company Nestle NESN.S issued an open letter ahead of the talks urginggovernments to set clearer policies and a plan to reform incentives over the next 12 months, arguing that it would help make it more attractive to invest.

Subsidies ultimately cost governments between $11 trillion and $24.7 trillion a year, non-profit Conservation International estimates, as they often pay twice – once for the subsidies and again to patch up the damage that follows including cleaning up pollution, treating illness and repairing infrastructure.

Private sector urged to help fund conservation

With public money tight, many are looking to the private sector to play a bigger role, including through the Cali Fund. That fund was set up in 2025 to get companies which rely on digital databases of biological samples for their products, such as in the pharmaceutical, cosmetic and commercial agriculture industries, to help pay to preserve nature.

Details still to be ironed out include how funds should be shared between countries and Indigenous communities, and whether companies should contribute based on total revenue when only part of their business relies on these genetic resources.

For Cristián Samper, managing director and leader of Nature Solutions at the Bezos Earth Fund, the talks are also an opportunity for governments to do more to halt the extinction of species.

“We know recovery is possible. The decisions we make in Armenia should give more conservation teams the backing to make it happen,” he said.

Tory Wets Come Out Into the Open

19 October 2026 at 09:00

Seven Tory MPs who skipped a vote on leaving the ECHR also belong to the pro-Net Zero 'Conservative Environment Network'. Coincidence? Paul Homewood thinks not and reckons Kemi Badenoch has a serious problem on her hands.

The post Tory Wets Come Out Into the Open appeared first on The Daily Sceptic.

Profit warnings from UK-listed firms at highest level in two years as Iran war drives up costs

Consultancy says companies quoted on London stock market issued 65 in three months to end of September

The number of profit warnings from UK-listed companies has risen to the highest level in two years, as the war in the Middle East triggers a surge in costs for businesses before the budget.

With less than a fortnight before John Healey’s tax and spending statement to the Commons, the consultants EY-Parthenon said companies quoted on the London stock market had issued 65 warnings in the three months to the end of September.

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© Photograph: Gareth Fuller/PA

© Photograph: Gareth Fuller/PA

© Photograph: Gareth Fuller/PA

Indonesia primed to lead a Global South forest protection bloc

Indonesia, Brazil and the Democratic Republic of Congo together hold more than half of the world’s tropical rainforests. In 2022, when Indonesia hosted the G20 summit in Bali, the three countries pledged to cooperate on how to pay to protect those forests. The promise was one of South-South cooperation: developing countries working together rather than […]

The post Indonesia primed to lead a Global South forest protection bloc appeared first on Asia Times.

No, Climate Change is Not Making Your Home “Uninsurable”

18 October 2026 at 07:00

Climate change is making your home uninsurable! That's the headline, but look behind it and you find a press release by a PR outfit touting some very dubious claims about floods and finance, says Tilak Doshi.

The post No, Climate Change is Not Making Your Home “Uninsurable” appeared first on The Daily Sceptic.

Why Does the Telegraph Keep Falling for Climate Propaganda?

16 October 2026 at 09:00

'Extreme heat putting babies at risk'; 'Climate change driving up coffee prices': why does the Daily Telegraph keep falling for all the climate propaganda put out by activists, asks Paul Homewood.

The post Why Does the Telegraph Keep Falling for Climate Propaganda? appeared first on The Daily Sceptic.

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