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USPS debuts unique new delivery trucks to rave reviews from carriers

News Feed
Thursday, September 12, 2024

By DAVID SHARP and RON HARRIS Associated PressATHENS, Ga. (AP) — The Postal Service’s new delivery vehicles aren’t going to win a beauty contest. They’re tall and ungainly. The windshields are vast. Their hoods resemble a duck bill. Their bumpers are enormous.“You can tell that (the designers) didn’t have appearance in mind,” postal worker Avis Stonum said.Odd appearance aside, the first handful of Next Generation Delivery Vehicles that rolled onto postal routes in August in Athens, Georgia, are getting rave reviews from letter carriers accustomed to cantankerous older vehicles that lack modern safety features and are prone to breaking down — and even catching fire.Within a few years, the fleet will have expanded to 60,000, most of them electric models, serving as the Postal Service’s primary delivery truck from Maine to Hawaii.Once fully deployed, they’ll represent one of the most visible signs of the agency’s 10-year, $40 billion transformation led by Postmaster General Louis DeJoy, who’s also renovating aging facilities, overhauling the processing and transportation network, and instituting other changes.The current postal vehicles — the Grumman Long Life Vehicle, dating to 1987 — have made good on their name, outlasting their projected 25-year lifespan. But they’re well overdue for replacement.The U.S. Postal Service's next-generation delivery vehicle, left, is displayed as one new battery electric delivery trucks leaves the Kokomo Sorting and Delivery Center in Kokomo, Ind., Thursday, Aug. 29, 2024. (AP Photo/Michael Conroy)APNoisy and fuel-inefficient (9 mpg), the Grummans are costly to maintain. They’re scalding hot in the summer, with only an old-school electric fan to circulate air. They have mirrors mounted on them that — when perfectly aligned — allow the driver to see around the vehicle, but the mirrors constantly get knocked out of alignment. Alarmingly, nearly 100 of the vehicles caught fire last year, imperiling carriers and mail alike.The new trucks are being built with comfort, safety and utility in mind by Oshkosh Defense in South Carolina.Even tall postal carriers can stand up without bonking their heads and walk from front to back to retrieve packages. For safety, the vehicles have airbags, 360-degree cameras, blind-spot monitoring, collision sensors and anti-lock brakes — all of which are missing on the Grummans.The new trucks also feature something common in most cars for more than six decades: air conditioning. And that’s key for drivers in the Deep South, the desert Southwest and other areas with scorching summers.“I promise you, it felt like heaven blowing in my face,” Stonum said of her first experience working in an air-conditioned truck.Richard Burton, another driver, said he appreciates the larger payload area, which can accommodate bigger packages, and the fact that he doesn’t have to crouch, helping him avoid back pain. The old trucks also had a habit of breaking down in traffic, he added.Brian Renfroe, president of the National Letter Carriers Association, said union members are enthusiastic about the new vehicles, just as they were when the Grummans marked a leap forward from the previous old-school Jeeps. He credited DeJoy with bringing a sense of urgency to get them into production.“We’re excited now to be at the point where they’re starting to hit the streets,” Renfroe said.The process got off to a rocky start.Environmentalists were outraged when DeJoy announced that 90% of the next-gen vehicles in the first order would be gas-powered. Lawsuits were filed demanding that the Postal Service further electrify its fleet of more than 200,000 vehicles to reduce tailpipe emissions.“Everybody went nuts,” DeJoy said.The problem, Dejoy said, wasn’t that he didn’t want electric vehicles. Rather, the expense of the vehicles, compounded by the costs of installing thousands of charging stations and upgrading electrical service, made them unaffordable at a time when the agency was reporting big operating deficits every quarter.He found a way to further boost the number of electric vehicles when he met with President Joe Biden’s top environmental adviser, John Podesta. That led to a deal in which the government provided $3 billion to the Postal Service, with part of it earmarked for electric charging stations.In December 2022, DeJoy announced that the Postal Service was buying 106,000 vehicles through 2028. That included 60,000 next-gen vehicles, 45,000 of them electric models, along with 21,000 other electric vehicles. He pledged to go all-electric for new purchases starting in 2026.“With the climate crisis at our doorsteps, electrifying the U.S. government’s largest fleet will deliver the progress we’ve been waiting for,” said Katherine García of the Sierra Club, which sued the Postal Service before its decision to boost the volume of electric vehicle purchases.Between the electric vehicles, reduced tailpipe emissions from optimized mail routes and other changes, the agency anticipates cutting carbon emissions by 40% by 2030, DeJoy said. The route revisions will also save money.This summer the Postal Service’s environmental battles came full circle as the White House honored it with a Presidential Federal Sustainability Award, marking the end of “an interesting journey,” DeJoy said.The honor signifies the agency’s ability to work through complex problems — be they operational, financial, technical, political or of a public policy nature, he said.“It comes from forging forward,” he said. “Keep moving.”___Sharp reported from Portland, Maine.

The new trucks also feature something common in most cars for more than six decades: air conditioning.

By DAVID SHARP and RON HARRIS Associated Press

ATHENS, Ga. (AP) — The Postal Service’s new delivery vehicles aren’t going to win a beauty contest. They’re tall and ungainly. The windshields are vast. Their hoods resemble a duck bill. Their bumpers are enormous.

“You can tell that (the designers) didn’t have appearance in mind,” postal worker Avis Stonum said.

Odd appearance aside, the first handful of Next Generation Delivery Vehicles that rolled onto postal routes in August in Athens, Georgia, are getting rave reviews from letter carriers accustomed to cantankerous older vehicles that lack modern safety features and are prone to breaking down — and even catching fire.

Within a few years, the fleet will have expanded to 60,000, most of them electric models, serving as the Postal Service’s primary delivery truck from Maine to Hawaii.

Once fully deployed, they’ll represent one of the most visible signs of the agency’s 10-year, $40 billion transformation led by Postmaster General Louis DeJoy, who’s also renovating aging facilities, overhauling the processing and transportation network, and instituting other changes.

The current postal vehicles — the Grumman Long Life Vehicle, dating to 1987 — have made good on their name, outlasting their projected 25-year lifespan. But they’re well overdue for replacement.

USPS delivery vehicle

The U.S. Postal Service's next-generation delivery vehicle, left, is displayed as one new battery electric delivery trucks leaves the Kokomo Sorting and Delivery Center in Kokomo, Ind., Thursday, Aug. 29, 2024. (AP Photo/Michael Conroy)AP

Noisy and fuel-inefficient (9 mpg), the Grummans are costly to maintain. They’re scalding hot in the summer, with only an old-school electric fan to circulate air. They have mirrors mounted on them that — when perfectly aligned — allow the driver to see around the vehicle, but the mirrors constantly get knocked out of alignment. Alarmingly, nearly 100 of the vehicles caught fire last year, imperiling carriers and mail alike.

The new trucks are being built with comfort, safety and utility in mind by Oshkosh Defense in South Carolina.

Even tall postal carriers can stand up without bonking their heads and walk from front to back to retrieve packages. For safety, the vehicles have airbags, 360-degree cameras, blind-spot monitoring, collision sensors and anti-lock brakes — all of which are missing on the Grummans.

The new trucks also feature something common in most cars for more than six decades: air conditioning. And that’s key for drivers in the Deep South, the desert Southwest and other areas with scorching summers.

“I promise you, it felt like heaven blowing in my face,” Stonum said of her first experience working in an air-conditioned truck.

Richard Burton, another driver, said he appreciates the larger payload area, which can accommodate bigger packages, and the fact that he doesn’t have to crouch, helping him avoid back pain. The old trucks also had a habit of breaking down in traffic, he added.

Brian Renfroe, president of the National Letter Carriers Association, said union members are enthusiastic about the new vehicles, just as they were when the Grummans marked a leap forward from the previous old-school Jeeps. He credited DeJoy with bringing a sense of urgency to get them into production.

“We’re excited now to be at the point where they’re starting to hit the streets,” Renfroe said.

The process got off to a rocky start.

Environmentalists were outraged when DeJoy announced that 90% of the next-gen vehicles in the first order would be gas-powered. Lawsuits were filed demanding that the Postal Service further electrify its fleet of more than 200,000 vehicles to reduce tailpipe emissions.

“Everybody went nuts,” DeJoy said.

The problem, Dejoy said, wasn’t that he didn’t want electric vehicles. Rather, the expense of the vehicles, compounded by the costs of installing thousands of charging stations and upgrading electrical service, made them unaffordable at a time when the agency was reporting big operating deficits every quarter.

He found a way to further boost the number of electric vehicles when he met with President Joe Biden’s top environmental adviser, John Podesta. That led to a deal in which the government provided $3 billion to the Postal Service, with part of it earmarked for electric charging stations.

In December 2022, DeJoy announced that the Postal Service was buying 106,000 vehicles through 2028. That included 60,000 next-gen vehicles, 45,000 of them electric models, along with 21,000 other electric vehicles. He pledged to go all-electric for new purchases starting in 2026.

“With the climate crisis at our doorsteps, electrifying the U.S. government’s largest fleet will deliver the progress we’ve been waiting for,” said Katherine García of the Sierra Club, which sued the Postal Service before its decision to boost the volume of electric vehicle purchases.

Between the electric vehicles, reduced tailpipe emissions from optimized mail routes and other changes, the agency anticipates cutting carbon emissions by 40% by 2030, DeJoy said. The route revisions will also save money.

This summer the Postal Service’s environmental battles came full circle as the White House honored it with a Presidential Federal Sustainability Award, marking the end of “an interesting journey,” DeJoy said.

The honor signifies the agency’s ability to work through complex problems — be they operational, financial, technical, political or of a public policy nature, he said.

“It comes from forging forward,” he said. “Keep moving.”

___

Sharp reported from Portland, Maine.

Read the full story here.
Photos courtesy of

America's blame game over Canada's wildfire smoke misses the point, experts say

US officials have blamed Canada for not doing enough to stop its wildfire smoke from wafting south. Climate experts say it’s not so simple.

America's blame game over Canada's wildfire smoke misses the point, experts sayNadine YousifSenior Canada reporterGetty ImagesSmoke from Canada's wildfires have drifted south to the US several times this summer, clouding the sky with an orange haze. As deadly wildfires raged in the Canadian province of Manitoba this summer, Republican lawmakers in nearby US states penned letters asking that Canada be held accountable for the smoke drifting south."Our skies are being choked by wildfire smoke we didn't start and can't control," wrote Calvin Callahan, a Republican state representative from Wisconsin, in a letter dated early August.Callahan, along with lawmakers from Iowa, Minnesota and North Dakota, filed a formal complaint with the US Environmental Protection Agency (EPA) urging an investigation into Canada's wildfire management.Manitoba premier Wab Kinew quickly condemned the move, accusing the lawmakers of throwing a "timber tantrum" and playing "political games".By August, the wildfires had scorched more than two million acres in Manitoba, forced thousands to evacuate, and killed two people – a married couple who authorities said were trapped by fast-moving flames around their family home. As September draws to a close, data shows that 2025 is on track to be Canada's second-worst wildfire season on record.A study published in the Nature journal in September has revealed that smoke from Canada's wildfires has also had far-reaching, fatal consequences. It estimates that the 2023 wildfires - the country's worst on record by area burned - caused more than 87,500 acute and premature deaths worldwide, including 4,100 acute, smoke-related deaths in the US and over 22,000 premature deaths in Europe.Wildfire smoke contains PM2.5 - a type of air pollution - that is known to trigger inflammation in the body. It can exacerbate conditions like asthma and heart disease, and, in some causes, can damage neural connections in the brain."These are big numbers," said Michael Brauer, a professor at the University of British Columbia who co-authored the study. He added the findings show wildfire smoke should be treated as a serious health issue, akin to breast cancer or prostate cancer.For some American lawmakers, the blame falls squarely on Canada. "Canada's failure to contain massive wildfires," Callahan wrote in August, "has harmed the health and quality of life of more than 20 million Americans in the Midwest."Their complaints raise the question: Could Canada be doing more to curb its wildfires – and by extension, their smoke?Climate and fire experts in both countries told the BBC that the answer is largely no. "Until we as a global society deal with human-cased climate change, we're going to have this problem," said Mike Flannigan, an emergency management and fire science expert at Thompson Rivers University in British Columbia.Gallo Images/Orbital Horizon/Copernicus Sentinel Data 2025Wildfire smoke can often travel hundreds of thousands of miles. A sattelite image here from August shows smoke from a fire in Newfoundland drifting over the Atlantic Ocean.Metrics show Canada's wildfires, a natural part of its vast boreal forest, have worsened in recent years. Fire season now starts earlier, ends later, and burns more land on average. The 2023 fires razed 15 million hectares (37 million acres) – an area larger than England – while the 2025 blazes have so far burned 8.7 million hectares (21.5 million acres).As of mid-September, there are still more than 500 fires burning, mostly in British Columbia and Manitoba, according to the Canadian Interagency Forest Fire Centre.Roughly half of Canada's wildfires are sparked by lightning, while the rest stem from human activity, data from the National Forestry Database shows. Experts warn that hotter temperatures are making the land drier and more prone to ignition.Wildfires are not only worsening in Canada. The US has recently seen some of its most damaging blazes, including the 2023 Hawaii wildfires that killed at least 102 people, and the Palisades fire in January, the most destructive in Los Angeles history.Both countries have struggled to keep pace, often sharing firefighting resources. Canadian water bombers were deployed in California this year, while more than 600 US firefighters travelled north to assist Canada, according to the US Forest Service.In Canada, strained resources – and worsening fires – have fuelled calls for a national firefighting service. Wildfire emergency response is currently handled separately by each of the provinces and territories."The system we have right now worked 40 years ago. Today? Not so much," argued Mr Flannigan.Others propose controlled burns, a practice used in Australia and by indigenous communities, as a solution, though these fires would still generate smoke. Some argue for better clearing of flammable material in forests and near towns, or investing in new technology that can help detect wildfires faster.Some of that work is already underway. In August, Canada pledged more than $47m for research projects to help communities better prepare for and mitigate wildfires.Getty ImagesMajor Canadian cities, like Vancouver, have also been dealing with wildfire smoke. Still, experts like Jen Beverly, a wildland fire professor at the University of Alberta, warn there is little Canada can do to prevent wildfires altogether."These are high intensity fire ecosystems" in Canada, she said, that are different from fires in Australia or the US. "We have very difficult fires to manage under extreme conditions, and we're seeing more of those because of climate change."With a warmer climate, Prof Beverly said attention should be paid to pollution. She noted that the US is the second-worst carbon emitter in the world behind China. "I mean, we should be blaming them for the problem," she argued.In recent months, the Trump administration has also rolled back environmental policies designed to reduce emissions, and has withdrawn the US from the Paris climate accords.Sheila Olmstead, an enviromental policy professor at Cornell University, noted that Canada and the US have a history of cooperation on pollution and climate, including an air quality agreement signed by the two in 1991 to address acid rain."It was a very clear framework for addressing the problem, and that's what seems to be missing here," Olmstead told the BBC. Both countries, she said, would benefit from working together on wildfires instead of trading blame.As for the EPA complaint, it is unclear what the agency could do to address the US lawmakers' concerns. In a statement to the BBC, the EPA said it is reviewing it "and will respond through appropriate channels".Prof Brauer said the data in his study shows that even though the fires are burning in Canada - often in remote areas - their impact can reach far beyond.The findings, he told the BBC, call for a re-framing of how the consequences of climate change are understood. "The effects of a warmer climate are localised, and there are winners and losers," Prof Brauer said. "But this is an illustration that some of these impacts are becoming global."He argued that the US lawmakers' complaints are an "unfortunate distraction," and that the focus should instead be on collaboration and learning how to "live with smoke"."This stuff isn't going away," Prof Brauer said, adding that there are ways to prevent future deaths if there is a will to adapt.

China, World’s Largest Carbon Polluting Nation, Announces New Climate Goal to Cut Emissions

China, the world’s largest carbon polluting nation, has announced a new climate fighting goal to cut emissions by 7% to 10% by 2035

UNITED NATIONS (AP) — As Earth keeps heating up and its weather gets more extreme, more than 100 world leaders lined up Wednesday to talk of increased urgency and the need for stronger efforts to curb the spewing of heat-trapping gases.But few large concrete national plans — especially from major polluters China, Europe and India — were unveiled despite a pressing deadline and sticky Wednesday warmth.With major international climate negotiations in Brazil 6½ weeks away, the United Nations Secretary-General Antonio Guterres convened a special leaders summit during the General Assembly to focus on climate change. The idea is to get the countries to submit warming-fighting plans that are stronger, incorporate them throughout their economies and have them in line with an international temperature limit goal that is fast slipping away from reality. “The science demands action. The law commands it. The economics compel it. And people are calling for it,” Guterres said in opening the Wednesday afternoon marathon session with 121 leaders scheduled to speak. ‘Here we must admit failure’ “Warming appears to be accelerating,” climate scientist Johan Rockstrom said in a science briefing that started the summit. “Here we must admit failure. Failure to protect peoples and nations from unmanageable impacts of human-induced climate change.”“We’re dangerously close to triggering fundamental and irreversible change,” Rockstrom said. Under the 2015 Paris climate accord, 195 nations are supposed to submit new more stringent five-year plans on how to curb carbon emissions from the burning of coal, oil and natural gas. Technically the deadline was in February and about 50 nations — responsible for one-quarter of the world's carbon emissions — have filed theirs, including Pakistan, Micronesia, Mongolia, Liberia and Vanuatu. All of those nations submitted on Wednesday. UN officials said countries really need to get their plans in by the end of the month so the U.N. can calculate how much more warming Earth is on track for if nations do what they promise.Before 2015, the world was on path for 4 degrees Celsius (7.2 degrees Fahrenheit) of warming since pre-industrial times, but now has trimmed that to 2.6 degrees Celsius (4.7 degrees Fahrenheit), Guterres said.Kenyan President William Ruto said Wednesday that climate change was both the single greatest threat and development opportunity facing Africa, with the right action making the difference between survival and devastation.Without urgent action on climate change the world is “walking blindfolded towards the abyss,” Brazilian President Luiz Inácio Lula da Silva said in a speech that opened the General Assembly on Tuesday.“Bombs and nuclear weapons will not protect us from the climate crisis,” said Lula, who will host the November climate negotiations in the Amazon city of Belem. He announced the launch of the Tropical Forest Forever Facility (TFFF), a billion dollar program aimed at compensating countries for keeping forests standing.José Raúl Mulino Quintero, the president of Panama, said that although his country is already one of the few that emits less carbon than it absorbs with its forests, he promised they would reduce their carbon emissions further by 2035. “We believe one can always take another step for sustainability for future generations,” Quintero said. He said Panama would restore almost 250,000 acres (100,000 hectares) of critical ecosystems including mangroves and watersheds, “because nature is our first line of defense against climate change.”The Associated Press’ climate and environmental coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find AP’s standards for working with philanthropies, a list of supporters and funded coverage areas at AP.org.Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.Photos You Should See – Sept. 2025

Chris Bowen meets Turkey’s first lady as lobbying to hold Cop31 intensifies

Exclusive: Climate minister, who is trying to persuade Turkey to allow Australia to host the summit, appears with Emine Erdoğan at New York event Get our breaking news email, free app or daily news podcastClimate change and energy minister Chris Bowen has appeared with Turkey’s first lady, Emine Erdoğan, at a major environment event in New York as negotiations over hosting rights for the COP31 summit come down to the wire.Bowen – who is in the US for talks at the UN general assembly – has been lobbying Turkey to drop its rival bid to host the conference in 2026 in order to secure the event on behalf of Australia and Pacific nations. Continue reading...

Climate change and energy minister Chris Bowen has appeared with Turkey’s first lady, Emine Erdoğan, at a major environment event in New York as negotiations over hosting rights for the COP31 summit come down to the wire.Bowen – who is in the US for talks at the UN general assembly – has been lobbying Turkey to drop its rival bid to host the conference in 2026 in order to secure the event on behalf of Australia and Pacific nations.Anthony Albanese is seeking a meeting with the country’s president, Recep Tayyip Erdoğan, as part of the negotiations, but the first lady is critical to any breakthrough.A longtime environmental campaigner, she hosted dignitaries at the Zero Waste Blue exhibition on New York’s upper east side on Thursday morning, Australian time. Bowen spoke to the first lady and Turkey’s climate minister Murat Kurum.The event was planned to show off Turkey’s environmental bona fides, including protection of the oceans, and to “strengthen environmental diplomacy by creating a platform for partnership and cooperation”.Organisers said the New York meeting would enhance Turkey’s “global visibility in environmental policy” and “create global awareness under the leadership of Mrs Emine Erdoğan”.Bowen’s attendance had been planned for some weeks, part of his efforts at respectful diplomatic engagement. He was the only foreign government minister in attendance.Photos provided to Guardian Australia show Bowen and Erdoğan posing with other guests.Bowen also spoke to the president of Azerbaijan’sCop29 summit, Mukhtar Babayev.Turkey is adamant its time has come to host the annual event after withdrawing from the race to host Cop26, which ultimately went to Glasgow.Any decision on the host country has to be made through consensus, or the event will default to Bonn in Germany.Both Bowen and Albanese have declined to discuss the status of negotiations with Turkey, but describe Australia’s support among partner countries as overwhelming. Australia has at least 23 votes among the critical 28-country Western European and Others Group whose turn it is to host the annual summit.“I’ve had good and positive conversations with Türkiye, and when there’s more to say, we’ll say,” Bowen told journalists a day before the event in New York.“We do want a very investment focused Cop, on investing in Australia’s renewable energy superpower, as well as lifting the agenda of the Pacific, whose very existence of several countries is at stake.”Asked if a resolution could be achieved before he leaves New York for London, the prime minister said he was not sure.“I will be having discussions with President Erdoğan as well. I’ve had a short discussion with the foreign minister… and my ministers and Turkish ministers are having those discussions.”Albanese and Bowen spruiked Australia as an investment destination to business figures at an event hosted by Macquarie Group, as they pitch returns from the growing renewable energy transition and extraction and processing of critical minerals.Albanese was due to speak at a special climate summit hosted by UN secretary general António Guterres and a separate New York Times conference on climate on Thursday.“This is the decisive decade for acting on the environmental challenge of climate change – and seizing the economic opportunities of clean energy,” he will tell the UN.“We all grasp the scale and the urgency of our task.“If we act now, if we move with common purpose and shared resolve, then we can do more than just guard against the very worst.”

UN Climate Leader Urges Action to Match Promises at Climate Week NYC

By Katy Daigle and Simon JessopNEW YORK (Reuters) -Speakers at Climate Week NYC delivered a clear message to world leaders on Monday: the global...

By Katy Daigle and Simon JessopNEW YORK (Reuters) -Speakers at Climate Week NYC delivered a clear message to world leaders on Monday: the global energy transition is happening now and it's happening fast, at the event which brings together leaders, advocates and the U.N. General Assembly.The U.N.'s top climate official opened a morning session at the annual event by urging the world to turn promises into practical solutions.“This new era of climate action must be about bringing our process closer to the real economy,” said Simon Stiell, executive secretary of the UN Framework Convention on Climate Change.The premier of Antigua and Barbuda urged wealthy counterparts to speed their efforts, with climate change having become an existential crisis for nations like his.“For small islands, it turns every storm into a fiscal catastrophe,” Antigua and Barbuda Prime Minister Gaston Browne said.LEADERS PRESSED TO SHOW CLIMATE PROGRESS EVEN AS AID IS CUTWorld leaders at the U.N. General Assembly this week will be pressed to show progress on climate, particularly after recent cutbacks in development aid as wealthy countries also juggle war and economic stability.G20 members Britain, Japan and Australia recently announced new climate plans, or Nationally Determined Contributions (NDCs). More countries are expected to share their updates this week, including China."We now look to China, the world's top emitter, to fully commit to the Paris Agreement it helped craft by issuing an NDC that charts a credible path to that country’s goal of net zero before 2060," said John Podesta, former climate advisor to U.S. President Joe Biden."This means roughly a 30% emissions reduction, covering all greenhouse gases, by 2035, below peak 2024 levels, which new data demonstrates that they reached."BENEFITS OF CLEAN ENERGY BOOM 'NOT SHARED BY ALL'With the U.N. climate summit, COP30, in November, Stiell also took time to celebrate progress that has been made, noting that investment in renewables had increased tenfold in 10 years."The clean energy transition is booming across almost all major economies," he said, adding it hit $2 trillion last year."But this boom is uneven. Its vast benefits are not shared by all," Stiell said. "Meanwhile, climate disasters are hitting every economy and society harder each year. So we need to step it up fast."He also said a new global initiative called Build Clean Now would help to fast-track clean industry shifts.Also on Monday, an alliance working to boost renewables said it plans to spur $7.5 billion in investment toward green energy in developing countries, including India.CLIMATE CHANGE STILL A 'SYSTEMIC RISK' GLOBALLY"Despite political debate globally, varying regulations between markets, emerging de-regulation and reports of corporates deprioritizing ESG, climate change remains a critical systemic risk across the world," said Omar Ali, EY Global Financial Services Leader.A boost to joint decision-making came last week, after countries ratified the High Seas Treaty, which sets into motion the first legal framework for protecting the vast ocean areas that lie beyond any national jurisdiction. The treaty contains 75 points covering areas such as protecting, caring for and ensuring responsible use of marine resources, and includes a provision for requiring environmental impact assessments for economic activities in international waters.WWF International director general Kirsten Schuijt called it a "monumental achievement for ocean conservation" and "a positive catalyst for collaboration across international waters."(Reporting by Simon Jessop and Katy Daigle; Additional reporting by Valerie Volcovici and Virginia Furness; Editing by Bernadette Baum)Copyright 2025 Thomson Reuters.

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