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Climate Inaction is More Expensive Than Climate Action: WMO Report

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The ‘State of the Global Climate 2023’ report confirms that 2023 was the warmest year on record, with the global average near-surface temperature at 1.45°C above pre-industrial levels. On an average day in 2023, almost one-third of the global ocean was affected by a “marine heatwave,” damaging vital ecosystems. The report calls attention to the role of renewable energy in achieving decarbonization targets but warns of a large financing gap.

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