As temperatures rise and permafrost thaws, carbon dioxide and methane trapped within the long-frozen soil are released. The deeper the thaw, the more gas is released.

That threatens to create a feedback loop that contributes to even more warming of the atmosphere, scientists warn in a study published in the journal Proceedings of the National Academy of Sciences.

London’s ‘Golden Age’ as Europe’s financial capital is over, says NatWest chair

May 20, 2021

“But although the City will remain Europe’s largest financial marketplace, its Golden Age as Europe’s financial capital is over,” said Davies, a former Deputy Governor of the Bank of England and Chairman of the UK Financial Services Authority.

U.K. Flying-Taxi hub aims to develop blueprint for aerial roads

May 20, 2021

The project, backed by 1.2 million pounds ($1.7 million) of government funds, involves construction of a centrally located hub that will host demonstration flights across the city of almost 400,000 people, according to Ricky Sandhu, founder of Urban-Air Port, which will operate the ground infrastructure.

U.K. is pushing for G-7 to adopt mandatory climate reporting

May 20, 2021

Under the proposals, the biggest companies would report annually on their exposure to risks and opportunities presented by climate change. It would follow guidelines set out in 2017 by the Task Force on Climate-Related Financial Disclosures.

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